First thing to do is to check if there is a 'real' protein-coding region fused in-frame to the prey-specific DBD or TAD. If there is something (and it is longer than a few amino acids) it should be good for BLAST searches (assuming that you are screening for human proteins). If nothing is found, my best bet is that there is no meaningful in-frame fusion. Make sure that your BLAST searches include the vector. If there is some material fused in-frame and it is not derived from the vector (and yet does not match the proteome), perform a BLAST search against the genome (you can use the ENSEMBL server http://www.ensembl.org/Multi/blastview for that purpose). If you still don't find anything, there is something wrong with your library :-)
Edit: In response to your response, here is the extended version of my comment:
I don't see how that fact that this is someone elses project impinges on the analysis - i assume that you have the sequences of the prey constructs and take it from there. I stand by my suggestions: first identify the sequence of the TAD/DBD part of the prey construct and then see if there is a protein fused in-frame. If there is not, you can discard this clone (or use it for troubleshooting). If there is a fused protein, use this sequence (remove the DBD/TAD first) for blastp searches in a protein database. Only if this fails, use the the cDNA sequence of the fused construct (remove DBD/TAD first) and run this as a blastn against a genome database (I recommend Ensembl). If this still doesn't give you anything, there is something wrong with the clone (or the entire library). Make sure to also compare the prey construct with the empty vector sequence used for the construction (this information is available from the provider or elsewhere in the internet)
As to your question for expected hits: this depends on a number of things (were the experiments done properly or was the bait expressed at exaggerated levels? Is the bait truly interacting with something? Does your prey library contain the interaction partner). In a good Y2H experiments, you expect below 10% artefacts (empty prey clones etc) and you expect 5-50 different hits. It is always a good sign if you identify a certain prey protein multiple times from independent prey clones (different construct borders)
what was kind of library did you use for the pray ?
what was kind of library did you use for the prey ?
The questioner writes: Pierre, I believe its a cDNA library from human origin, but I am not 100%% about this.
Moved their text here from their own (inappropriate) answer.