Back On: The market is seeing a renewed bid with the 3-7-yrs leading. The steepening curve has reversed, but remains near levels last seen in July. The 2-10-yr yield spread is working toward the 270 area where it will likely quickly pop to 270.5 before staging a rapid retreat, but will continue to flirt with record levels. Volume had been huge (relatively) but has tapered off with flurries running through but seeming to stall out abruptly, leaving players to need to extend their reach into the holes