SMRA's John Canavan noted that at.....>

US TSYS/BILLS: SMRA's John Canavan noted that at 1pm ET, the US Treasury

Department "will come to market this afternoon with a $20.0 billion 52-week bill

auction. The auction bidding deadline will be 1:00 p.m., the same time as the

4-week bill auction, following this morning's 3-month and 6-month auctions. The

52-week bill auction size has been steady at $20.0 billion since March 2016, so

today's auction will essentially just roll over the maturing issue when it

settles on Thursday."

- "Combined with this week's 4-week, 3-month and 6-month bill auctions, the

record (high) one-day $160.0 billion in Treasury bill issuance today will raise

approximately $30.009 billion when the auctions settle on Thursday," he said.

"There is also a $40.0 billion CMB that matured today, and that cash might also

be used to support the bill auctions today."