Bid At The Restart

T-Notes bid at the re-open, last trading +0-05+ at 130-00, through the peak of Thursday's thin Thanksgiving trading range. Perhaps some worry creeping in re: the emergence of a new COVID strain in South Africa. Perhaps a bit of a reaction to comments from BoE Governor Bailey, who noted that the Bank will have to act when wages start to be impacted by inflation, while flagging greater difficulty re: judging the UK economy, a lack of ability to tackle "first round" inflation, while he stressed that most imbalances in the UK will correct themselves (unreliable boyfriend worries creeping in after the lack of a BoE rate hike in November?). We haven't seen much else that would trigger a bid. A quick reminder that Tsy futures and cash Tsys will be subjected to holiday-shortened trading hours on Friday.