(Reuters) - Credit spreads extended their sharp move wider, while
investors seeking safe-havens rushed to buy government bonds.
Rising oil prices, which hit 11-month peaks on Monday, also
raised concern about inflationary pressure, weighing on shares.
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 Bonds News
investors seeking safe-havens rushed to buy government bonds.
Rising oil prices, which hit 11-month peaks on Monday, also
raised concern about inflationary pressure, weighing on shares.
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 Bonds News
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