Will bond markets be able to hold their ground if equities make more meaningful gains today?  I don't know but they did yesterday, and it was the best such performance since mid September.  In fact S&P futures were up over 20 points by 5pm Treasuries had managed to make meager gains over the same time frame. 

This is a promising divergence because it suggests we might not be wholly dependent on stock markets in order to see low rates hang around a bit longer. 

Far more tenuous in terms of bond market inspiration is economic data.  Today's only potentially relevant economic report is the Existing Home Sales report at 10am.  It's expected to improve to a 5.10 million unit annual pace from last month's 5.05 mln annual pace.