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The overnight repo market....>

US TSYS/OVERNIGHT REPO
US TSYS/OVERNIGHT REPO: The overnight repo market Friday saw ongoing demand for
the two-year note, three-year note and ten-year note. The three-year note and
ten-year note demand arose amid shorts likely being set into next week's
3/10/30-year auctions, said traders. However the two-year notes had unrelated
demand too.
- Treasury will sell $24 billion 3-year notes Tuesday, $23 billion 10-year notes
Wednesday and $15 billion 30-year bonds on Thursday. Those issues may see more
shorts set into next week and tighten more.
- Most other issues such as T-bills traded quietly in summer action. However a
slight bid remained in the old five-year note, which has had a long-running
special, said traders.

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