Small Scale Volatility But Very Sideways Overall

There were a few instances of volatility in the bond market today with several of the larger moves lining up with larger doses of volume.  In a "data dependent" world, it's odd to consider that none of the notable moves had anything to do with economic data.  Instead, it was a surge in corporate bond issuance around 9am causing some selling and the 3pm close causing some buying.  And EVEN THEN, those events added up to a pittance of activity and drama.  Bonds managed to clock modest gains, but that only served to solidify the sideways trend that's been in place since the Feb 13 CPI data.