Governor Makes `Settlement' Offer for Detroit

Jan. 22 (Bloomberg) -- Michigan Governor Rick Snyder, a Republican, speaks at a news conference in Detroit about a plan to help resolve the city's bankruptcy case. Michigan would pay $350 million over 20 years to reduce Detroit's pension liabilities under the proposal made by Snyder. Michigan Senate Majority Leader Randy Richardville and House Speaker Jase Bolger, both Republicans, also speak. (Source: Bloomberg)
Bond Yields Rise to 2015 High as Index Futures Climb
39:01 - Global bond yields climbed to the highest levels this year as the selloff in sovereign debt spread to Asia. European stock-index futures rose, while Australia’s currency strengthened after the nation’s economic growth beat estimates. Laurence Mutkin, Global Head of G10 Interest Rate Strategy at BNP Paribas expands on this story with Mark Barton on “Countdown.”
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