CHICAGO — The federal judge overseeing Detroit's bankruptcy case may weigh in this morning on the city's one and only creditor settlement, which would terminate a series of interest-rate swaps hedging its pension certificates.

In what will be the second hearing on Detroit's historic bankruptcy filing, Judge Steven Rhodes could rule on Detroit's plan to pay the swap counterparties 75 cents on the dollar for the termination, currently estimated at just under $300 million.

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