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The overnight repo market....>

US TSYS/OVERNIGHT REPO: The overnight repo market Thursday saw the Treasury
3-year notes tighten with milder demand for 2-year, 3-year, 5-year and 10-year
notes. The 3-year and 10-year notes' demand likely stems from shorts done as a
hedge against this week's 3/10/30-year Treasury auctions, which occurred
Wednesday and Thursday, said traders. Meanwhile, there also was a mild bid for
the old 2-year, old 5-year and old 7-year notes.
- The Treasury General Collateral rate was at 1.11%.

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