Quiet Summertime Monday Leaves Bonds Slightly Stronger

Treasuries have experienced more of the volatility in the bond market than MBS recently.  That makes sense given last week’s auction cycle and the ongoing glut of corporate bond issuance.  Volume and volatility were both minimal today as yields casually bumped the bottom of the consolidation range and coasted sideways for the rest of the day.  There are a few chances to see some data-inspired market…