Traders will be interested to see....>

US TSYS/SUPPLY: Traders will be interested to see what will be the US and

foreign demand at Wed  11:30 a.m. ET $24 billion 3-year note auction and the 1pm

ET Wed $20 billion 10-year note reopening, which follow a Monday Columbus Day

holiday and a bill-dominated auction schedule Tuesday. Thursday then brings a

$12 billion 30-year bond reopening auction at the usual 1pm time.

- Some eyed a constructive market viewpoint, esp. if cash 10Y note hits the

2.40% yield level or exceeds it. And Japanese or Asian/Chinese buyers of

Treasuries may want to see if the market can stabilize next week before buying

more, said observers. Some Japanese accounts like to buy around the 2.40%

10-year note, and did buy Friday as the yield briefly hit 2.402% at 10:04 a.m.

ET, before backing off, said traders. The yield is at 2.328% currently.