Bonds are in focus once again today

<p>A US 10-year auction is the highlight on an otherwise-quiet economic calendar today. Right now 10s are down 0.4 bps to 4.28% and the auction will set the tone for what's next.</p><p>The Fed is in the blackout period and the ECB decision is on Thursday so everyone is hunkered down for news. Oil just added to gains, up $1 and that's one spot worth watching because the bond market could get nervous.</p>

This article was written by Adam Button at www.forexlive.com.