Jefferies Has Less Than $9 Million Exposure to MF Global Debt
The amount “resulted from facilitating client orders as part of normal-course market making, is less than $9 million in marked-to-market positions,” New York-based Jefferies said today in a statement.
The 6.25 percent bonds, fell 8 cents to 42 cents on the dollar at 11:15 a.m. in New York, for a yield of 29.8 percent, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority. MF Global filed for bankruptcy protection today after trying to find a buyer over the weekend.
To contact the editor responsible for this story: Alan Goldstein at email@example.com