Uneventful Drift Ahead of Friday's Monthly PCE Data For the 3rd day in a row, the bond market logged a rather uneventful trading session ending with minimal change versus the previous trading day.  All this despite the presence of several economic reports and Treasury auctions. If there was any reaction to this morning's data, it was slightly bond-friendly, but not enough to say it was anything other than random. The 7yr auction was a non-event, and stocks failed to offer any of the recent sort of spillover that has frequently made its way into the bond market. From here, the week's last big chance/risk of volatility is Friday morning's monthly PCE data. Econ Data / EventsJobless Claims 224k vs 225k f'cast, 225k prev Continued Claims1856k vs 1890k f'cast, 1881k prev GDP Revision (Q4)2.4 vs 2.3 prev Market Movement Recap09:06 AM Weaker overnight but improving after data.  MBS up 1 tick (.03) and 10yr up half a bp at 4.358. 01:04 PM No major reaction to 7yr auction.  MBS down 1 tick (.03) and 10yr up 1.6bps at 4.368 03:21 PM Sideways still.  MBS down 1 tick (0.03) and 10yr up 2.1bps at 4.374