Another Uneventful Summertime Monday

With the heightened focus on economic data as a means to track progress on the Fed's inflation-fighting policies, and the reality of the data calendar being relatively empty sometimes, it's no surprise to see a lack of conviction on days without any meaningful data.  This is especially true of Fridays and Mondays in the summertime.  Today is no exception.  In fact, bonds have essentially been flat since last week's rally ended on Thursday afternoon.  Looking over this week's upcoming economic data, there's no obvious decision for the bond market to make and that won't really change until next week's Fed announcement.