Junk Debt Interest Rates at 30-Year Low

Jan. 30 (Bloomberg) -- Interest rates for junk debt reached a 30-year low in the last week, as Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their new video. Also, after a dry spell, there were a handful of Chapter 11 filings in the last week. Most were in Delaware as usual. Nortel Networks Inc. takes the distinction of being case of the week because lawyers were unable to cobble together a settlement carving up $9 billion in cash that creditors' therefore can't touch. The video ends with discussion of a new opinion for Hawker Beechcraft Inc. by Bankruptcy Judge Stuart M. Bernstein who aptly explained why the "time expended in searching for executoriness could have been spent more fruitfully doing almost anything else."

Egypt Stocks Rally on IMF Talks
19:25 - Anita Yadav, head of fixed income research at Emirates NBD, discusses the rally in Egyptian stocks, the environment for GCC bonds and the stimulus package from Japanese Prime Minister Shinzo Abe. She speaks to Yousef Gamal El-Din and Angie Lau on "Bloomberg Markets Middle East." (Source: Bloomberg)
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