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Lehman CDS Auction Ends, Now What?

Posted on October 12, 2008

As mentioned Thursday, the market tell everyone was watching Friday was the Lehman Bros. (LEH) CDS auction. The results were not unexpected with the bidding coming in at just under 10 cents on the dollar. The market continues to slide lower with the VIX volatility index reaching an eye-popping 72%+...

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vix , volatility