The banks orchestrating a bailout of troubled investment vehicles that were hit by the subprime mortgage crisis are throwing in the towel after struggling to raise money for the planned fund, according to people familiar with the matter. BlackRock will likely issue a statement on Monday. http://online.wsj.com/article/SB119826733522845631.html?mod=hpp_us_whats_news
When cooperative efforts fail, it tends to be bearish. I'm a few days late but that announcement might be another "reason" for the downturn in bonds a few days ago.