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In spite of significantly trimming its Euro sovereign debt exposure earlier this month,...

In spite of significantly trimming its Euro sovereign debt exposure earlier this month, Jefferies (JEF -2.7%) made a new 52-week low this morning, before rebounding a little. Soaring yields for the company's bonds could be a factor. S&P gives Jefferies a BBB credit rating, but the 10.1% yield on Jefferies' 2019 bonds is higher than that of many junk-rated notes.
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