(Reuters) - The risk premium on emerging market debt rose while the Japanese yen strengthened as investors moved away from popular "carry" trades funded by borrowing low-yielding currencies.
"The issue of U.S. subprime mortgages is flaring up again. It's not an atmosphere where people can aggressively take positions in risky assets," said one currency trader for a Japanese bank.
Read more at Reuters.com Bonds News
"The issue of U.S. subprime mortgages is flaring up again. It's not an atmosphere where people can aggressively take positions in risky assets," said one currency trader for a Japanese bank.
Read more at Reuters.com Bonds News
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