Auction Session 25 billion USD US 30Y Treasury Bond Quite Positive with 2bps Stop-Through:
High Yield: 4.360% (lower than market yield: 4.380%) => stop through 2bps
However, High Yield higher than previous auction (4.229%)
MARKET DAILY
Market 02/08: 30Y Bond Auction Positive - Past-Due Credit Debt Rises Sharply
Credit delinquency rate rises fastest since 2008 Financial Crisis despite consumer outstanding debt only 1/10 of expected. Initial jobless claims cool off.
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