Tight for T-Notes at the re-open today,.....>

US TSYS: Tight for T-Notes at the re-open today, last -0-06 at 129-31.

- This comes after the contract was pressured on Tuesday as accounts looked to

square up ahead of the impending Fed & ECB meetings. CTAs were touted as a

driving force behind the move, for a second consecutive day, with real money and

prop a/c's reportedly trying to fade the move from the late NY morning.

Corporate-related flow was again at the fore, with deal-tied selling in play.

- An SCMP piece added some pressure just before noon NY, noting that "China is

expected to agree to buy more American agricultural products in hopes of a

better trade deal with the United States as the two nations prepare for a

meeting between their top negotiators next month." Although on closer inspection

the story was a little more caveated, as the piece noted that "observers said

that with the turmoil even a simple agreement on Chinese purchases was far from

guaranteed."

- The latest 3-Year note auction generated a small tail as the cover ratio and

takedown metrics held steady, in line with the recent averages.

- 10-Year supply headlines the local docket on Wednesday.