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US TSYS/2Y
US TSYS/2Y: TD analysts Cheng Chen and Gennadiy Goldberg eyed Tuesday's 1pm ET
US$26B 2Y note auction and said that "recent 2yr auctions have gone extremely
well, with five of the past six auctions stopping through the screens."
- They said too that the 2-year note auction "averages hint at a strong auction,
pointing to a stop 0.4bp through the screens and 69% buy side takedown: 55% to
indirects and 14% to directs."

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