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The overnight repo market....>

US TSYS/OVERNIGHT REPO
US TSYS/OVERNIGHT REPO: The overnight repo market Friday saw tight conditions in
the 2-year Treasury note, while most other issues remained quiet into the
weekend, said traders. The 2-year note had auction-tied shorts but perhaps other
too, said traders, amid shorts set into the late-month 2/5/7-year auction supply
that kick off next Monday very quickly. 
- The 5-year note meanwhile loosened up to trade at 1.11% midday Friday, despite
earlier pre-auction midmonth tightening into the late month 2/5/7-year note
auctions, said traders. The Treasury General Collateral level traded at 1.17%.

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