sys.last_value

sys.last_value sys.last_traceback

These three variables are not always defined; they are set when an exception is not handled and the interpreter prints an error message and a stack traceback. Their intended use is to allow an interactive user to import a debugger module and engage in post-mortem debugging without having to re-execute the command that caused the error. (Typical use is import pdb; pdb.pm() to enter the post-mortem debugger; see pdb module for more information.)

The meaning of the variables is the same as that of the return values from exc_info() above.