I wouldn't go so far as to say this week of bond market movement went "out like a lamb," but at the very least, it wasn't nearly as brutal as the first 4 days.  Yields were almost perfectly unchanged in the overnight session, but began to fall in the morning hours after Trump talked tough on China and called for a 1.0% rate cut from the Fed.

Bonds didn't get too carried away and instead began to consolidate heading into the PM hours.  Sleeping dogs (or were they lions?) were not left to lie, however, as Trump clarified earlier comments on the US "not doing business with Huawei" only pertained to Federal departments and not the nation as a whole.  This was taken as a positive trade war anecdote and thus benefited stocks and hurt bond yields noticeably.

With that, moderate gains turned into moderate losses.  The impressive/notable word in the previous sentence is "moderate."  Today was by far the quietest of the week in terms of volume and volatility.  Maybe things will start to calm down around current levels?  Too soon to tell, but mortgage lenders would like that.  They were able to improve pricing today by more than MBS suggested thanks to the decreased volatility.  There could be a bit more where that came from in the event things continue to consolidate.