It's Spring...get outside

This from the trenches:

11:53 03/27 US TSYS: Market has had a small, "sneaky bid" in the long end since the Fed's coupon pass concluded earlier (coupon pass in '11-12 area). It is unclear why that is occurring but it could be stocks have been holding lower all session and there also might be shortcovering ahead of weekend. In general, however, several market sources say it has been dead, dead, dead all day and that attribute it to a rough week of supply, coupon passes, rhetoric out of DC (esp Geithner), key month end next week followed by the all important monthly jobs report. Of course, it is also a beautiful spring day in NY and maybe people want to leave early for a headstart on the weekend.