Treasury prices are beginning to migrate higher this morning as the 10yr has once again dipped below the 2.0% threshold.  The initial euphoria has worn off from the Greek bailout deal and possible recessions still loom over all of Europe, indicating big problems still exist. 

This week's muted economic calendar comes to a close today with readings on consumer confidence and new home sales.  Both reports are expected to edge out small gains from previous postings.  In other activity, several Federal Reserve Bank President will be out and about with planned speaking engagements today. 

Currently, the 10yr yield is at 1.981% (2.040% Thursday) and the 2-10 yield spread is at 168bps, 6 bps flatter since yesterday morning.