Bloomberg – The number of Wall Street dealers tightening financing rates offered to hedge funds outnumbered those easing as Europe’s debt crisis escalated, a Federal Reserve survey shows.
Almost 10 percent of dealers said they somewhat tightened financing rates and other pricing terms offered to hedge fund clients, compared with 4.8 percent that eased those conditions, according to the Fed’s quarterly survey, which questioned senior credit officers at 21 firms from June through August. Of the dealers surveyed, about 86 percent said pricing terms remained unchanged.
