(Bloomberg) -- Emerging-market bonds fell as
concern about widening losses related to subprime mortages led
investors to shun riskier, higher-yielding assets.
Developing nation debt has slumped in recent weeks on
speculation of greater losses linked to bad bets on securities
backed by mortgages to people with poor credit. An index that
measures the risk of owning corporate bonds rose to the highest
in at least two years in the U.S. and Europe on concern hedge
funds may sell assets to cover losses.
Read more at Bloomberg Emerging Markets News
concern about widening losses related to subprime mortages led
investors to shun riskier, higher-yielding assets.
Developing nation debt has slumped in recent weeks on
speculation of greater losses linked to bad bets on securities
backed by mortgages to people with poor credit. An index that
measures the risk of owning corporate bonds rose to the highest
in at least two years in the U.S. and Europe on concern hedge
funds may sell assets to cover losses.
Read more at Bloomberg Emerging Markets News
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