Monday's Auction
As
noted in Mon's analysis, focus on response to 81-81.20s, was key in Tue's
auction as responsive two-sided trade continued rather than directional trade
in the context of the larger Balance development, 79s-83.20s. The 16-28Oct D
shape distribution now nears completion, showing a near complete cycle of
market activity, thus implying potential for directional activity. Focus on
response to developing POC, 81s, within the Key Trade Cluster, 80.40s-81.70s,
into Wed's auction. US EIA & FOMC Announce Wed.
Tuesday's Auction
