Things at Ocwen just went from bad to much, much worse

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane
W S
Investments / The Ticker

Investors ease out of the market

stock down
KEYWORDS Bonds / Investor / U.S. debt
/ Print / Reprints /
| Share More
/ Text Size+

Investors are jumping out of the market only amplifying some of the worst losses in U.S. debt in at least 37 years at the same time as new regulations prompt Wall Street firms to cut back on trading corporate bonds, Bloomberg reports.

“When bond investors start to meaningfully divest themselves of their positions, it will be analogous to yelling fire in a crowded theater,” Michael Underhill, the chief investment officer at Capital Innovations LLC, which manages $1.5 billion, said in an e-mail Aug. 23.

Investors say it’s becoming harder to quickly exit positions as banks cut inventories and curb riskier businesses such as trading (NTMBIV) with their own money to comply with rules from the Basel Committee on Banking Supervision and the U.S. Dodd-Frank Act.

Source: Bloomberg
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus