Archive - Feb 9, 2009 - Story
Hedge Fund Secondary Market Update
Submitted by Tyler Durden on 02/09/2009 14:21 -0500The secondary market for hedge fund interests seems to follow the general market tick for tick. Last week saw a surprising bid side interest for most hedge funds' LP stakes, although there were the usual pukes.
Prior Week Completed IG Debt Deals
Submitted by Tyler Durden on 02/09/2009 14:05 -0500Week of February 2 - 6:
- 17 investment grade deals done for $20.4 billion, largest issuer was Novartis with $5 billion 10 year notes
Year To Date non-FDIC backed issuance:
- 80 deals, $77.225 billion
January indicative yields:
- Investment Grade average yield of 6.7%, Treasury spread of T+444
- High Yield average yield 11.4%, Treasury spread of T+962
Early Feb 9 Headlines
Submitted by Tyler Durden on 02/09/2009 13:08 -0500- Stimulus package contemplates total $9.7 trillion of U.S.
