9 Day Weekend For The Bond Market

9 Day Weekend For The Bond Market

While it's not technically a 9 day weekend for the bond market, it might as well be.  It's not that the upcoming week is inconsequential in terms of economic data and events, just that the data isn't on a high enough tier to change the big picture.  Perhaps if rates were closer to boundary of their recent range we could entertain next week's reports helping to spark a lead-off toward higher or lower rates, but from our current perch, the most likely outcome would simply be a revisiting of a recent range boundary.  The fact that next Thursday is an early close before a full closure on Friday only adds to the case for traders tuning out until April 1st.  As for today specifically, it was a winner in terms of bond market gains, but  not for any overt or interesting reason.