Limited Data Leaves Focus on Overseas Events and Treasury Auction

If you'd like to skip right to the end, the week is shaping up to be every bit as inconsequential as anticipated with bonds holding in a fairly narrow sideways range as they wait for higher-impact data.  Today is particularly barren on the data front with zero major monthly releases.  Bonds thus turned their attention to EU econ data overnight and the Bank of Canada announcement this morning, but neither had any sweeping effects.  The 1pm 5yr Treasury auction has some potential to spark a reaction as well.