Better Balance, Finally

In the context of the first 3 days of the week, bonds pulled off a miracle today.  Most of the yield curve managed to remain in positive territory despite both of this morning's key economic reports coming in stronger than expected.  Markets were definitely willing to trade that data as both reports garnered a pop in yields and volumes.  Perhaps it was a saving grace that neither report was unequivocally terrible for bonds.  Both had some "yeah buts" that helped balance the response.  What's impressive is that bonds were finally willing to have a balanced response as opposed to selling first and asking questions later.  All this having been said, the jury is out as to whether this means anything or was simply the way today's ball bounced.