Quick update today as the market is starting to move. We priced this morning up 3/32's but are currently down 1/32nd, teetering with a worsening price change. Part of this could be hedging for 34 billion in 5 year notes coming across the auction block in just a few minutes (12:00 cst). Another factor is that stocks have turned higher (Dow plus 32) after spending most of the morning in negative territory. Big picture still looks to be on target for our bias towards 3.00% on the 10 year note but short term, due to the factors above and the upcoming long holiday weekend, traders are steeping away from the market. Got something to do? Best get a move on