After hitting 5 month yield highs early in the session, rates have made a modest recovery back towards their recent range. Prices are now heading sideways in "status quo" territory. Volumes are below average.

The 10yr note is -0-14 at 96-04 yielding 3.849%.

Illustrating the 5 month yield high...

The FN 4.0 is -0-09 at 96-17 and the FN 4.5 is -0-05 at 99-24.

Year end always makes me feel lazy for some reason. More to come later...I need to go back out.

BOND MARKET CLOSES AT 2PM.