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Global bond yields continue to move higher

- (NL) Netherlands Debt Agency (DSTA) sold €1.7B vs. €1.5-2.5B in 0.50% Jan 2040 DSL green bond; Avg Yield: % v -0.019% prior (Jun 23rd 2020) - (ZA) South Africa sold total ZAR6.6B vs. ZAR6.6B target in 2032, 2037 and 2044 bonds - (UK) DMO sold £2.0B in 0.625% Oct 2050 Gilts; Avg Yield: 1.302% v 0.837% prior; bid-to-cover: 2.20x v 2.38x prior; Tail: 0.3bps v 0.3bps prior - (IT) Italy Debt Agency (Tesoro) sold €2.5B vs. €2.0-2.5B indicated range in 0.00% Sept 2022 CTZ; Avg Yield: -0.308% v -0.277% prior; bid-to-cover: 1.66x v 1.46x prior Looking Ahead - 05:30 (HU) Hungary Debt Agency (AKK) to sell 3-Month Bills - 05:30 (EU) ECB allotment in 7-Day Main Refinancing Tender (MRO)

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