We will get an early close in the markets today with stocks set to close at 1:00 PM ET and bonds closing at 2:00 PM ET. The pandemic news is definitely worthy of a strong reaction in the markets, but there is a possibility that it is so strong because of the holiday schedule. Many traders are home for the long weekend, creating what we call thin trading, which allows larger moves to relevant events and news than we normally would see. In other words, don’t be surprised to see bonds give back some of this morning’s gains by the end of the shortened day or Monday morning. This is a good opportunity to lock an interest rate, especially if closing in the very near future.