(Reuters) - NEW YORK, June 29 - Wall Street underwriters kept
busy in the second quarter, yet ebbing investor appetite for
lower-rated debt and riskier assets may dampen their summer.
In the last couple of weeks, investors have grown more wary
of risk, amid struggles at two Bear Stearns Cos. hedge
funds loaded with illiquid mortgage debt. Several companies
restructured junk bond offerings. Corporate raider Carl Icahn
said the private equity boom has "peaked." And while Blackstone
Group LP conducted a $4 billion initial public offering,
its shares fell below the IPO price less than a week later.
Read more at Reuters.com Bonds News
busy in the second quarter, yet ebbing investor appetite for
lower-rated debt and riskier assets may dampen their summer.
In the last couple of weeks, investors have grown more wary
of risk, amid struggles at two Bear Stearns Cos. hedge
funds loaded with illiquid mortgage debt. Several companies
restructured junk bond offerings. Corporate raider Carl Icahn
said the private equity boom has "peaked." And while Blackstone
Group LP conducted a $4 billion initial public offering,
its shares fell below the IPO price less than a week later.
Read more at Reuters.com Bonds News
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