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The overnight repo market....>

US TSYS/OVERNIGHT REPO
US TSYS/OVERNIGHT REPO: The overnight repo market on Friday saw the now-old U.S.
Treasury 5-year note loosen up to -0.40% from a super-tight -3.50% rate on
Thursday.
- The old Oct. 5-year note had been tight amid shorts due to this past week's
2/5/7-year auctions, and also amid curve-tied shorts, said traders.
- Meanwhile the 2-year note and 7-year notes loosened up amid Thursday's 2/5/7Y
auction settlement. The Treasury General Collateral rate meanwhile traded at
1.12%. However, the 10-year note tightened up to negative -1.00%, said traders.
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