The Direxion Daily 20-Yr Treasury Bull 3x ETF (TMF) closed down 2.41% at $39.71 on December 27, as longer-term Treasury yields climbed, exerting pressure on bond prices. The underlying 20-year Treasury bond saw a slight decline of 0.28% to $43.49. The rise in yields comes amid a session with minimal market-moving catalysts, as stocks also fell, threatening to erase weekly gains. The increase in yields follows a retreat on Thursday, suggesting a volatile environment for Treasuries. With the CME FedWatch Tool indicating a high probability of a rate pause in January, the bond market remains sensitive to any shifts in interest rate expectations.