Bond markets were exceptionally quiet today.  Even though trading levels were technically stronger than Friday, 10yr yields have remained in the same range (during domestic hours) since Thursday.  On a positive note, yields did more to push against the lower boundary of that range (2.362), but weren't able to break through, coasting to a close at 2.373.  

Meanwhile, Fannie 3.5 MBS have outperformed slightly, relative to the same 3-day range, with today's trading levels breaking noticeably higher.  Prices rose just over an eighth of a point, ending the day in line with the highs at 102-18.

There were no significant economic reports or market moving headlines.  Volume was very low--especially compared to the heavier volumes seen at the end of last week.  The rest of this week should see activity ramp up thanks to the Treasury auction cycle, Yellen's congressional testimony, and bigger-ticket economic data on Friday (CPI and Retail Sales).