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SMRA's John Canavan eyed today's 1pm.....>

US TSYS/2Y
US TSYS/2Y: SMRA's John Canavan eyed today's 1pm Et $26.0 billion 2-year note
auction and noted that "Treasury has held the size of the 2-year note auctions
steady at $26.0 billion since the beginning of 2015, although auction sizes are
expected to grow beginning in February in response to growing deficits and the
Fed unwinding its balance sheet."
- He noted the Treasury will follow today's 2-year auction with a $34.0 billion
5-year note auction Wednesday afternoon and a $28.0 billion 7-year note auction
on Thursday afternoon. All three of the auctions will settle on Tuesday, January
2."

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