NEW YORK: A normally sedate part of the debt markets used by the finance industry to transfer mortgage default risk has been roiled after insurer Arch Capital Group Ltd called US$1.7bil of the securities at par when they had been trading at a premium.
The implications of Arch’s move could be felt widely.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
