T-Notes trade tightly at the re-open,.......>

US TSYS: T-Notes trade tightly at the re-open, -0-01+ at 129-27+, with the

upcoming ECB decision front and centre on Thursday.

- A much tighter range was in play for the contract on Wednesday, as it finished

slightly lower vs. Tuesday's settlement, while cash trade saw some marginal

outperformance for 2s.

- Solid corporate supply was once again evident, as has been the case since the

end of the summer hiatus.

- Also on the supply front, the latest 10-Year auction generated a narrow tail

as the cover ratio recovered to print pretty much in line with the 6-auction

avg. Dealer participation eased as indirect take down ticked up, but the

takedown metrics were also largely in line with thee 6-auction avgs.

- CPI & 30-Year supply headline the local docket on Thursday.