Jefferies (JEF) Volatility Shoots Higher Following EU Debt News, Statement
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Jefferies (NYSE: JEF) implied volatility shot higher Thursday, from 69 to about 164, following rumors of EU sovereign debt risk.
Jefferies has since issued a statement highlighting it's exposure to PIIGS, and states it has no meaningful net exposure to EU sovereign debt.
Shares are about 7 percent lower on the session following three volatility halts.
Jefferies has since issued a statement highlighting it's exposure to PIIGS, and states it has no meaningful net exposure to EU sovereign debt.
Shares are about 7 percent lower on the session following three volatility halts.
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