USD 65 billion 3Y Treasury bond auction session quite successful due to return of foreign demand: USD 58 billion competitive bids.
High Yield: 4.605% (market yield: 4.608% | previous session: 4.548%)
=> Stop through: 0.3bps
MARKET DAILY
Market 05/07: Banks tighten credit standards - loan demand drops sharply
Fed will eventually cut interest rates - Fed Williams says. Fed Senior Loan Officer Opinion Survey (SLOOS). China efforts to revive real estate market.
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