All The Bond Buyer’s long-term weekly yield indexes declined this week in the wake of Friday’s rally, during three lightly traded sessions in advance of the upcoming Christmas closure.

“The market seems to be moving sideways with a bit of a grind higher in price in the belly of the curve,” said Michael Pietronico, the chief executive officer at Miller Tabak Asset Management. “That’s probably a reflex reaction to the supply moving into next year.”

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