I'll make this quick, on the chance you were enticed to read more after seeing the headline.  Bond markets nearly broke 2016's record for the lowest volume on a non-holiday.  The Monday following Easter Sunday was actually just a bit lighter.  But either day puts any other contender to shame this year. 

For context, 10yr Treasury futures traded roughly 440k contracts today vs nearly 800k yesterday (the day after the election saw more than 4 million contracts!).  

Unlike the past 2 days, the light volume and liquidity didn't grease the skids for any noticeable momentum in prices and yields.  That means the market landscape was exceptionally quiet.  The only noticeable swell in tradeflows occurred at the domestic open and the European close--both adding modest gains for bonds.  10am Existing Home Sales (5.61 vs 5.50 mln) was not a market mover.


MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
MBS
FNMA 3.5
101-20 : +0-06
Treasuries
10 YR
2.5384 : -0.0296
Pricing as of 12/21/16 6:16PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
10:13AM  :  No Reaction in Bonds After Existing Sales Beat

MBS Live Chat Highlights
A recap of featured comments from the Live Discussion on the MBS Live Dashboard.
Victor Burek  :  "Merry Christmas everyone...i am officially on vacation"
Hugh W. Page  :  "Gallup started that index in 2008 so nowhere to go but up from there :)"
Curt Sandfort  :  "was Gallup around in '05? I was slightly more confident then compared to today"
Victor Burek  :  "U.S. Economic Confidence Surges To The Highest Level That Gallup Has Ever Recorded"