Midday Market Observations

Market Overview  | Securitized Products | Municipal Bonds

Weatherford reported positive cash flow for its latest quarter. The company had a net loss of $2.1bil or 0.14 per share. Fourth quarter sales decreased 4.1% to about 1.4bil due to lower sales in the eastern hemisphere and lower activity levels in Canada. Its liquidity position however reached $900mm and its net cash provided by operating activities was $105mm. WFT bonds are up on the increased liquidity.
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Corporate High Yield Bonds (HY Bonds, Loans & EMD)

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