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US TSYS/2Y: Seaport Global Holdings' Tom Digaloma noted that "there are two
Treasury note auctions today" with "the 2yr auction at 11:30 and then the 5yr at
- He adds that the 2-year note auction "should go well, as its back roughly
20bps from the last auction. The 5yr however will be a double issue as there is
an old 7yr issue that will cause a doubling of the issue size. Expect weaker
bidding in 5yrs today as a result."