MARKET DAILY

Market 05/08: Demand returns in the 42 billion USD 10Y Bond auction

Fed Collins: economy needs to weaken for inflation to sustainably drop to 2%. Americans maintain credit card spending despite consumer debt burden

High Yield: 4.483% (market yield: 4.473% | previous session: 4.56%)

=> Tail: 1bps

Success ratio for bids at High Yield: 0.48% (previous: 54.10%)

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