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Jefferies") today announced the formation of Jefferies High Yield Trading, LLC ("JHYT") to conduct, as of today, the secondary market trading activities previously performed by the High Yield division of its principal subsidiary, Jefferies & Company, Inc.
today announced that it has entered into an agreement with Leucadia National Corporation ("Leucadia") to expand and restructure the operation of its high yield secondary market business into an entity to be called Jefferies High Yield Trading, LLC ("the Company").