A very subdued pre- holiday session for Friday 12/22 even after some further strong economic numbers were released in the morning. New home sales are up and consumer sentiment slipped a tad but remains high. Yields settled around 2.84 for thirties and 2.49 for tens, a big gain this week for both but unchanged on the day. Crypto -currencies had center stage today but this time on the downside and provided the day’s fireworks. On an intermediate basis it looks like the bond market has tipped lower but the bigger trading range which has held sway all year is still intact. This has been a year with an incredibly narrow annual fluctuation and the coming new year will most likely provide a lot more trading opportunity. Holiday week coming up will be a little light on new data . The biggest release not until next Friday with the Chicago PMI.