Uneventful Resilience

Monday’s theme for the bond market was one of moderate resilience–at least for the longer-end of the yield curve.  Yields are lower across the board (less so for shorter-term notes like the 2yr) without any headline or data-based motivations. On days like this, motivation is assumed to come from technicals and trading taking place in other markets for other reasons. With earnings season in full swing, it’s no surprise to see 9:30am and 4pm garner most of the days volume and volatility.f

…