(Bloomberg) -- Emerging-market bonds fell as concern
U.S. subprime mortgage woes may spread curtailed demand for
riskier, higher-yielding assets.
Developing nation debt has slumped as rising defaults in
U.S. mortgages to people with poor credit histories has triggered
losses at hedge funds. Bear Stearns Cos. said last month it would
bail out a fund that speculated in subprime mortgages. Rising
U.S. Treasury yields, sparked by concern the Federal Reserve will
raise interest rates, also lured investors away from emerging-
market debt.
Read more at Bloomberg Emerging Markets News
U.S. subprime mortgage woes may spread curtailed demand for
riskier, higher-yielding assets.
Developing nation debt has slumped as rising defaults in
U.S. mortgages to people with poor credit histories has triggered
losses at hedge funds. Bear Stearns Cos. said last month it would
bail out a fund that speculated in subprime mortgages. Rising
U.S. Treasury yields, sparked by concern the Federal Reserve will
raise interest rates, also lured investors away from emerging-
market debt.
Read more at Bloomberg Emerging Markets News
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