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The overnight repo market....>

US TSYS/OVERNIGHT REPO
US TSYS/OVERNIGHT REPO: The overnight repo market still saw demand Thursday in
the Treasury 2-year, 3-year 5-year, 7-year and 10-year notes, with 2-year note
the most tight. The 2-year note saw demand as reportedly, some accounts who
usually lend out their notes took back the supply into the month-end and
quarter-end.
- The Treasury 2-year note, 5-year note, and 7-year note demand occurred amid
shorts set around the late month 2/5/7-year note auctions, though the 7-year
note cooled off later in the day. The Fed's one-day reverse repo operation
Thursday again drew large demand: a $209-billion RRP, which followed Wednesday's
$220.1 billion RRP.

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