Initial results show that Lehman Brothers bonds were priced at 9.75 cents on the dollar during a an auction by credit default swap sellers, according to Creditfixings.com, an executer of credit derivatives. This mean that firms that sold Lehman credit default swaps, which investors buy to protect against the default of a company, will have to pay 90.25 cents on the dollar to the CDS holders. The pricing was lower than what LEH bonds were trading at, according to reports.
The financial sector (+0.6%) continues to post a gain, but is well off its high.
Market Overview - Yahoo! Finance - The basics of investing.
Ahora, a ver quién paga el pato y si todos pueden pagar, o no... parece que viendo el documento de subasta, los pagos se harán con fecha tope del 21 de Octubre... ¿Un bail-out del Bail-out?