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The overnight repo market....>

US TSYS/OVERNIGHT REPO
US TSYS/OVERNIGHT REPO: The overnight repo market Tuesday saw demand continue
for the now-old U.S. Treasury five-year note despite Monday's settlement of last
week's 2/5/7-year note auctions, which ushers in new supply into the repo
market, said traders. The 5-year note had drawn the most auction-tied demand in
recent weeks compared to the 2-year note, said traders. "It has cheapened up
from yesterday," said one trader. "I don't think the special will last too much
longer."
- Most other issues traded quietly in the summer action. The 3/10/30-year
Treasuries could potentially tighten soon after Wednesday's 8:30 a.m. ET August
refunding announcement on related auctions to take place next week.

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