JHYT

AcronymDefinition
JHYTJefferies High Yield Trading, LLC
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The activities of JHYT will be overseen by Richard Handler, the CEO of Jefferies, and the same long-standing team that was previously responsible for these trading activities within Jefco.
JHYT is a registered broker-dealer engaged in the secondary sales and trading of high yield securities and special situation securities, including bank debt, post-reorganization equity, public and private equity, equity derivatives, credit default swaps and other financial instruments.
It is expected that JHYT will enter into a credit agreement that will provide for leverage on a 1:1 basis, thereby providing potential total operating capital of up to $4 billion.