with 2yrs trading close to 15bln this afternoon in
the repo mkt they will
probably go thru over the weekend near fail..hence
the carry cost will be at
least 1 1/4 to 1 3/4 bps for 2/5's and 1 1/2 to
2 bps for 2/10's over the
weekend..look for fast money to exit these trades
and the curve to correctively
steepener (less invert) tomorrow and friday..