Some Volatility But Broadly Sideways Markets seemingly had a lot to get through today between economic data, the Treasury auction, and Fed Minutes.  In addition, there were several headlines from Fed speakers and other policy makers that could have inspired some movement.  Despite all that, and notwithstanding some back-and-forth volatility, bonds traded fairly flat.  Moreover, trading levels remain in line with those seen just after yesterday morning's sell-off.  Bonds are only open for a half day tomorrow and there are no major economic reports. The next big to-do is Friday morning's jobs report.  Econ Data / EventsADP Employment 122k vs 140k f'cast, 146k prev Jobless Claims201k vs 218k f'cast, 211k prev Market Movement Recap08:37 AM Moderately weaker overnight and mixed since data came out.  MBS unchanged and 10yr up 3bps at 4.713 12:54 PM MBS down 1 tick (.03) and 10yr up 0.8bps at 4.69 ahead of 30yr bond auction.   01:03 PM Gaining some ground after well-received 30yr bond auction.  10yr down 1bp at 4.673.  MBS back to unchanged. 03:26 PM Two-way volatility after the last update, but not much change.  MBS down 1 tick (.03) and 10yr down 0.4bps at 4.68