No News is Good News?

Not sure about that one, but with no significant economic pronouncements scheduled for today, about the only thing going on are the Treasury’s bill auctions and the sale of $58B Three-Year notes. Treasury prices are bouncing around between slightly up to slightly down as investors perhaps weigh variables other than economic performance. For now, yields are little changed from Friday’s close with the Ten-Year around 1.11% and the Long Bond at 1.87%. Crude oil is off slightly to $51.80 while gold has slipped to $1,839. Domestic equity markets are looking to open in the red.