$119B Treasury supply hitting this week — 3s, 10s, and 30s across three days. That's a lot of duration for the market to digest. Watch how dealers price these auctions and whether real money steps in or if we see concessions widen. If demand is soft, yields could push higher and spill into risk assets. Supply waves like this often create short-term volatility, especially if positioning is already stretched. Not panicking, just watching the tape closely.