For the first time since 2006, market participants didn't get a weekday off for Veterans Day.  For all intents and purposes, traders ended up taking today off anyway--at least when it comes to bond market volumes and outright changes.  

10yr yields were nearly unchanged, rising half a basis point to end at 2.407.  Fannie 3.5 MBS were 1/32nd higher on the day at 102-15.  If we leave it at the closing levels compared to Friday, nothing happened today, but for those who happened to follow along with the intraday market movement, it was a bit bumpier.

Treasuries began the session with some decent gains.  10yr yields were as low as 2.37 just before the domestic hours began.  Weakness picked up at the CME open and NYSE open (lower volume days often see opening bells for various exchanges cause movement in bonds, and other markets), and remained intact through the close of the European session. 

Treasuries leaked just slightly higher in yield at the very end of the day (MBS managed to leak less), but volume was so light that it doesn't make sense to read much into it.  And again, end-of-day levels were effectively unchanged.

The event calendar picks up starting tomorrow, so today was likely the last we'll see of the unofficial days off for markets.