A quiet re-open, T-Notes -0-00+ at..........>

US TSYS: A quiet re-open, T-Notes -0-00+ at 129-21+. T-Notes edged higher Tues,

with yields across the curve closing 1.4-2.2bp lower on the day, despite the

latest round of "optimism" surrounding trade war matters, with a lack of

concrete detail/progress allowing participants to look through the latest

headlines from both the Chinese & sides, even as equities continued to move

higher. Local data was soft on a net basis. Elsewhere, Fed Governor Brainard

indicated a December interest-rate pause while also saying she likes flexible

inflation averaging and yield curve control amid the Fed's monetary policy

strategy review. The latest 5-Year note auction was fairly non-descript, with a

small tail evident and little movement in the takedown metrics. Elsewhere, China

got away $6bn worth of issuance across 3-, 5-, 10- & 20-Year tenors.

- Flow was dominated by rolls, hurried by the truncated week; month end flow

also eyed. A ~9.8K block seller of TYH0 helped space off highs in NY hours.

- 2nd Q3 GDP reading, PCE, Durable Goods & Chicago PMI headline Wednesday's

docket, with participants eying the door ahead of Thanksgiving. Elsewhere, the

Fed will release its Beige Book & we will see 7-Year supply.