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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (92508)7/8/2002 1:42:17 PM
From: Softechie  Respond to of 99280
 
No major movement in telecom bonds...LVLT Level 3 bonds rally (4.71 +1.82, +63%) -- Update --
On news that Level 3 (Caa3/CCC+) has been the recipient of an injection of funds from Longleaf Partner's Funds ($300 mln), Berkshire Hathaway ($100 mln) and Legg Mason ($100 mln), its bonds are trading better this morning. The 9.125% bonds due 2008 are being bid at 43 cents on the dollar versus 32 to 33 cents on the dollar Friday. Minimal reaction witnessed throughout the rest of the telecom debt market.



To: LTK007 who wrote (92508)7/8/2002 2:00:38 PM
From: Softechie  Read Replies (3) | Respond to of 99280
 
They facking juiced market on Arafat news and then selling off again...Jordanian magazine says Arafat will resign-- U.P.I.
United Press Int'l reports that a Jordanian magazine, Al-Majd, says that Palestinian leader Yasser Arafat is expected to step down in the coming weeks through an agreement between the United States, Israel, and certain Palestinian and Arab parties.