While there are several economic reports that have market-moving power today, the bigger issue for bond markets may be the technical battle that's been fought at 10yr yields of 2.42% all week.  This has been a very central pivot point for the 2017 range, and yields have broken or bounced there on 8 of the last 9 days.  

Sidenote: the word "broken" in the previous sentence does indeed refer to yields moving above 2.42%.  Why, then, are we talking about it as a ceiling still?  Because when it comes to technical analysis of "breakouts," the break of the line itself is only the first development.  Breakouts require "confirmation."  Confirmation can be defined in a couple ways depending on the approach of the technician, but the most prevalent definition is "closing for a 2nd day with the initial breakout intact."  In other words, yields need to close above 2.42 for 2 days in a row before we officially consider the level to be broken.  For now, all we have are intraday breaks--mere exploratory missions above 2.42% that have all seen yields return to a lower base camp by the close.

Why are we so interested in this pivot point?  It's pretty simple really.  Every confirmed break of 2.42 has resulted in yields moving at least to 2.52%.  Of course past precedent is never a guarantee for future market movement, but betting on trends to remain unchanged until that change can be confirmed is always a higher probability bet over the long run.