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The overnight repo market....>

US TSYS/OVERNIGHT REPO
US TSYS/OVERNIGHT REPO: The overnight repo market Tuesday again had demand for
the two-year note, three-year note, five-year note and ten-year note, said
traders. The three-year note and ten-year note demand arose amid shorts likely
being set into this week's 3/10/30-year auctions that begin with the Tuesday $24
billion 3-year note auction, said traders. However the two-year and five-year
notes also 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.
- 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. (More) 

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