The Fed added a net of only $2 billion to the market on Tuesday with an overnight repo of that amount against no expirations. That makes a net add of $11.5 billion over the last two days, but that’s a long way from the $47 billion in net new money for which the Treasury will be hitting the market. There was a huge indirect bid at today’s 4 T-bill auction. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.