Treasury yields moved lower as a stronger-than-expected 20-Year auction saw significant demand, pushing yields down to 4.25% after testing 4.30% earlier in the week. The shift in rates led to a corresponding decline in the CVOL Index, which had recently hit one-month highs. Investors are now awaiting key economic releases, including weekly jobless claims and the November PCE index, as Federal Reserve officials remain in an external blackout period ahead of the January FOMC meeting.