(Bloomberg) -- Sales of bonds backed by corporate loans and debt, home mortgages or debt on commercial properties dropped 46 percent in April from March as delinquencies mounted on subprime loans, according to Morgan Stanley.
New issues of collateralized debt obligations fell to $39.5 billion from $73.1 billion, New York-based Morgan Stanley analyst Vishwanath Tirupattur said in a May 4 report. Sales of so-called structured finance CDOs, often backed by subprime loans, declined 61 percent to $15.4 billion.
Read more at Bloomberg Bonds News
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