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2.15 Whitehall: Monitoring The Markets Vol. 2 Iss. 15 (April 10, 2012)
2.15 Whitehall: Monitoring The Markets Vol. 2 Iss. 15 (April 10, 2012)
2.15 Whitehall: Monitoring The Markets Vol. 2 Iss. 15 (April 10, 2012)
.
US
Libor
Whitehall & C o m p a n y, L L C
US
Treasury
Yield
Curve
Presented by:
US
DEBT
MARKET*
80
bps
70
bps
60
bps
50
bps
40
bps
30
bps
20
bps
10
bps
7.00%
6.00%
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
I I 2 3 I 5 I 7
Jun
Aug
Sep
May
Dec
Feb
Jan
Mar
Apr
Libor 04/10/12
1mth 24 bps
3mth 47 bps
Nov
6mth 73 bps
Apr
Oct
I 10
Jul
UST 04/10/12
2yr 0.32%
3yr 0.44%
5yr 0.90%
7yr 1.43%
10yr 2.04%
30yr 3.19%
10
Year
US
Treasury
4/10/12
2.04%
3.60%
3.10%
2.60%
2.10%
Jul
Aug
Sep
Nov
May
Dec
Feb
Oct
Jun
Jan
Apr
Aug
Sep
Nov
May
Dec
Feb
Oct
Mar
Apr
Apr
4/10/12
A:
3.25%
BBB:
3.89% 4/10/12
4/10/12
A:
104
bps
BBB:
168
bps A:
3.25%
BBB:
3.89%
4.00% 3.50%
A BBB
Jul
Aug
Sep
Nov
May
Dec
Apr
Feb
Oct
Jun
Jan
Jun
Aug
Oct
Nov
Dec
Sep
Jan
Feb
Mar
Apr
May
Apr
Jul
Aug
Sep
May
Nov
Dec
Apr
Feb
Oct
Jun
Jan
Jun
Aug
Oct
Nov
Dec
Mar
Sep
Feb
Apr
May
*Source:
Bloomberg
This
market
letter
is
not
to
be
construed
as
a
recommendation
to
buy,
hold
or
sell
any
particular
security.
Copyright 2012 Whitehall & Company, LLC 7 Times Square, 46th Floor, New York, NY 10036 Office: (212) 398-1401 Fax: (212) 398-1411 www.whitehallandcompany.com
Apr
Apr
Jan
Jul
Apr
Jul
3.00%
Apr
Jul
Jun
Jan
1.80%
1.60%
.
Type
Whitehall & C o m p a n y, L L C
Sector
Industrial Utilities 2 2 USA
Presented by:
Date Issuer
4/6 4/6 Emeco Holdings Ltd
Country
Australia
Snr Notes
4/6
Snr Notes
$115
Consumer, NonCyclical
UK
Public and private market information is from sources that are deemed reliable, but information has not been confirmed.
Issuer
Type
$mm
Spread Coupon
2.40% 3.45% 4.75% 3.50% 4.87% 4.13% 4.01%
Yield
Rating
Sector
Country
France USA Belgium USA USA USA USA
Kaiser Foundation Hospital Snr Notes $1,000 Delhaize Group Stanford University Hartford Financial Daimler Finance Snr Notes Snr Notes $300 $143
300bps 4.00% 300bps 5.13% 330bps 6.63% FRN L+78bps 118bps 1.65% 138bps 2.40% 80bps 1.75%
2.24% Baa2/ Commun3.36% BBB ications 4.64% 3.47% A+ Consumer, 4.82% Non-Cyc 4.06% Baa3/ Consumer, BBB Non-Cyc 4.01% Aaa/ Consumer, AAA Non-Cyc 4.03% Baa3/ Financial 5.00% BBB 6.56% N/A A3/A- Consumer, 1.60% Cyclical 2.25% 1.79% A1/A Technology
Source: Bloomberg
Date
4/5 4/4 4/3 4/2
Issuer
HD Supply Inc Wind Acquisitions Cengage Learning Acquisitions Inc Sandridge Energy
Type
Yield
7.96% N/A 9.570%
Rating
B2 Ba3
Sector
Country
Snr Notes $1,625 Snr Notes Snr Notes Snr Notes $200 $725 $750
Consumer, USA Non-Cyc Communi- Luxembourg cations Consumer, USA Cyclical Energy USA
Source: Bloomberg
Issuer
Endurance International Group Sinclair Television Group
Type
Snr Sec
$mm
$535
Tenor (m)
Spread
L+625bps L+225bps L+300bps
Class
Term Term Term
72 48 54
Iss.
B Ba1/ BB+
Sector
Communications Communications
Source: Bloomberg
Contact
Whitehall
Elizabeth
Morton
Timothy
Page
Giord
Nowland
Roland
DaCosta
Managing
Director,
COO
Managing
Director
Analyst
Managing
Director
(212)
398-1401
(646)
450-9737
(646)
543-4443
(212)
398-1401
elizabeth.morton@
Lmothy.page@
giord.nowland@
roland.dacosta@
whitehallandcompany.com
whitehallandcompany.com
whitehallandcompany.com
whitehallandcompany.com
This
market
leVer
is
not
to
be
construed
as
a
recommendaLon
to
buy,
hold
or
sell
any
parLcular
security.
Gabrielle
Sullivan
Analyst
(646)
543-4404
gabrielle.sullivan@
whitehallandcompany.com
Copyright 2012 Whitehall & Company, LLC 7 Times Square, 46th Floor, New York, NY 10036 Office: (212) 398-1401 Fax: (212) 398-1411 www.whitehallandcompany.com