Tame inflation at the wholesale level is supporting Bonds so far this morning. However, Traders still remain defensive ahead of a stream of economic data set for the rest of the week.Inflation is non-existent at the moment and is a major reason why the Fed's QE will continue for some time to come. Dennis Lockhart from the Atlanta Fed said yesterday that economic data remains too mixed for Fed voting members to lay out a clear plan for tapering at the next FOMC meeting in September, I agree.Technically, Mortgage Bonds remain on shaky ground. I am recommending to lock until some clear signs of stabilzation occurs. Call me today at 808-443-5002, if you need any further information or assistance. Make it a great day!