{"id":199957,"date":"2007-06-14T11:10:00","date_gmt":"2007-06-14T16:10:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/06\/14\/mortgage-bond-funds-running-screaming-for-the-door\/"},"modified":"2007-06-14T11:10:00","modified_gmt":"2007-06-14T16:10:00","slug":"mortgage-bond-funds-running-screaming-for-the-door","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/06\/14\/mortgage-bond-funds-running-screaming-for-the-door\/","title":{"rendered":"Mortgage Bond Funds Running Screaming for the Door"},"content":{"rendered":"<p>This is an attempt to sell at fire sale prices, so they can get out before everyone is heading for the exits.<\/p>\n<p>It is the start of a panic.<\/p>\n<blockquote><p><span style=\"font-size:130%;\"><a style=\"color: rgb(0, 0, 153); font-weight: bold;\" href=\"http:\/\/money.cnn.com\/2007\/06\/14\/news\/companies\/bear_stearns_mortgage.reut\/index.htm?postversion=2007061408\">Bear Stearns fund scrambles to sell bonds<\/a><\/span><\/p>\n<p><span style=\"color: rgb(0, 0, 153);\">Hedge fund faces losses as it tries to sell about $4 million in mortgage-backed bonds to raise cash for redemptions, according to a report.<\/span><br \/><span style=\"color: rgb(0, 0, 153);\">June 14 2007: 8:03 AM EDT<\/span><\/p>\n<p><span style=\"color: rgb(0, 0, 153);\">NEW YORK (Reuters) &#8212; A hedge fund managed by Bear Stearns Cos. Inc. is trying to sell large amounts of mortgage-backed bonds in a potentially troubling sign for the broader mortgage-backed bond market, The Wall Street Journal reported in its online edition.<\/span><\/p>\n<p><span style=\"color: rgb(0, 0, 153);\">Bear Stearns&#8217; (Charts, Fortune 500) High-Grade Structured Credit Strategies Enhanced Leverage Fund is facing losses and, together with a sister fund, is trying to sell about $4 billion in bonds to raise cash for redemptions and to prepare for likely margin calls, according to the report, which cited people close to the fund.<\/span> <\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>This is an attempt to sell at fire sale prices, so they can get out before everyone is heading for the exits. It is the start of a panic. Bear Stearns fund scrambles to sell bonds Hedge fund faces losses as it tries to sell about $4 million in mortgage-backed bonds to raise cash for &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1004,1265],"tags":[],"class_list":["post-199957","post","type-post","status-publish","format-standard","hentry","category-economy","category-finance","category-housing-crash"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/199957"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=199957"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/199957\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=199957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=199957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=199957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}