(Reuters) - Weakening credit markets, stemming from a fallout in the
high-risk U.S. subprime mortgages sector, have fanned concern
that firms could have difficulty financing the stream of M&A
deals which has fuelled world stocks to lifetime peaks this
month.
Investors are also worried that trouble in subprimes, which
target borrowers with poor credit histories, would leave banks
with bad loans, hurt corporate earnings and undermine consumer
spending.
Such worries prompted investors to buy back the low-yielding
yen they had borrowed to fund investment in high-return assets,
driving the Japanese currency to a two-month high versus the
dollar.
Read more at Reuters.com Bonds News
high-risk U.S. subprime mortgages sector, have fanned concern
that firms could have difficulty financing the stream of M&A
deals which has fuelled world stocks to lifetime peaks this
month.
Investors are also worried that trouble in subprimes, which
target borrowers with poor credit histories, would leave banks
with bad loans, hurt corporate earnings and undermine consumer
spending.
Such worries prompted investors to buy back the low-yielding
yen they had borrowed to fund investment in high-return assets,
driving the Japanese currency to a two-month high versus the
dollar.
Read more at Reuters.com Bonds News
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