(Reuters) - Turmoil in the U.S. subprime market, which caters to
borrowers with poor credit histories and represents around a
fifth of total U.S. annual mortgage lending, has haunted
investors intermittently since early this year.
The latest upset started after the benchmark ABX subprime
mortgage index, used by investors to insure against risks in the
sector, hit record lows on Monday.
Read more at Reuters.com Bonds News
borrowers with poor credit histories and represents around a
fifth of total U.S. annual mortgage lending, has haunted
investors intermittently since early this year.
The latest upset started after the benchmark ABX subprime
mortgage index, used by investors to insure against risks in the
sector, hit record lows on Monday.
Read more at Reuters.com Bonds News
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