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The overnight repo market....>

US TSYS/OVERNIGHT REPO
US TSYS/OVERNIGHT REPO: The overnight repo market saw the Treasury 2-year note
hold at tight levels, while the 5-year note also remained bid to a lesser
extent, said traders. The 2-year note had "legitimate shorts" but also some
trying to "squeeze the shorts," said a trader. The 5-year note meanwhile also
tightened in its usual early pre-auction midmonth tightening trend heading into
the late month 2/5/7-year note auctions, said traders. The Treasury General
Collateral rate traded at 1.12%. (More) 

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