(Reuters) - Credit spreads burst even wider, while investors seeking
safe havens rushed to buy government bonds.
The latest jitters started on Tuesday after two leading
ratings agencies started slashing ratings for more than $17
billion of U.S. mortgage-related debt -- representing around
three percent of the total subprime market.
Read more at Reuters.com Economic News
safe havens rushed to buy government bonds.
The latest jitters started on Tuesday after two leading
ratings agencies started slashing ratings for more than $17
billion of U.S. mortgage-related debt -- representing around
three percent of the total subprime market.
Read more at Reuters.com Economic News
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