MARKET DAILY

Market 03/13: Successful 30Y T-bond auction. EV market weakens

Successful 30Y T-bond auction. Japan inches closer to victory at Shunto. Crude oil inventory update.

High Yield: 4.331% (Market yield: 4.352% | Previous session's High Yield: 4.360%)

=> stop-through 2.1bps (higher than average tails of -1.5bps in the past 2 years).

66.54% of successful bidders bid at High Yield (down from record 82.55% in February auction).

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