Jefferies just released more data about its exposure to European debt.
You can see on the chart below exactly how large each of its long and short positions are.
The firm is also promising to release more information after the bell today, including their "day-end, CUSIP-level holdings in the securities of these countries." That's an unprecedented level of transparency.
The move seems to have reversed the run on the stock — and may have just saved the firm.
Yesterday Jefferies helped dispel worries about its counterparty expsoure on its short by explaining that it was hedging by actually shorting securities rather than credit default swaps.
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