Traders normally try to use the supply story to push rates higher.

The threat to supply disruption is keeping traders edgy.

The markets are bracing for Thursday's DOE reports, with traders cringing since the recent (supply) trends have been bearish.

The Dollar/Yen remained hemmed in narrow ranges as traders were unsuccessful in their attempts to push the dollar through key technical resistance.

The Empire State report was strong ... and the selling pressures stayed there.

Dealers weren't that interested even though we had good indirect bidding.