Monday, June 25, 2007

U.S. monitors market liquidity after fund bailout

(Reuters) - The High-Grade Structured Credit Strategies Fund suffered
big losses after making bad bets in the repackaged subprime
mortgage loan market when homeowner defaults started rising.
Concerns have been raised about other funds that invested in
similar bonds linked to subprime mortgages, which are known as
a collateralized debt obligations .




"I couldn't say that it was the tip of the iceberg," Dugan
told reporters when asked if the Bear Stearns fund indicated
similar problems may be on the horizon.


Read more at Reuters.com Bonds News

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