... Bonds seem to be starting out the current week erring on the side of caution, in case the data reignites a bullish case for the labor market. [30 year fixed 3.13%]Wednesday:
emphasis added
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• At 2:00 PM, the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.