The Treasury settled $72 billion in new supply on Monday. Normally we don’t see that much pressure on the market on the day of settlement. It usually happens a day or two earlier. The Treasury calendar this week is a little lighter, with only $11 billion of new supply, including two CMBs announced today. $11 billion is like a vacation in this market, especially in view of $124 billion in new supply sold at last week’s auctions… 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.