Yesterday I was out practicing my slow speed handling, and I was giving the rear brake a severe workout for about 10-15 minutes. I know the pads must've been about as hot as they ever get. I also know I need new rear pads (they're in the mail.) However, pretty suddenly, I had basically no rear brakes. The pedal could be pushed fairly easily all the way to the bottom, with no noticeable braking happening. I didn't see any leaks... couldn't really tell what happened. So I rode it home and parked it for the night.
Today I went out and checked things over. No leaks, the the fluid is at the high mark. Plus the brakes were catching very well as I rocked it back and forth. As I started down the street, I tested 'em and could lock up the rear wheel. Took a longer ride... completely back to normal. Again, I obviously could use new pads, but even so, what would've caused that temporary condition?