The short end of the Treasury market faces a challenge this week, with dealers scheduled to gulp down almost $50 billion of notes and bills before heading home for Thursday's turkey dinners.

Because of the holiday, the Treasury is squeezing three auctions into the first two days of the week. It will sell $23.6 billion of three-and six-month bills and $15 billion of two-year notes today, and $10.75 billion of five-year notes tomorrow.

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