A heads up for the week.

Expect volatility! We have a rash of economic information coming out this week which will certainly influence interest rates. There will be positioning in the coming days as investors slog through the information that will be on release shortly. With the Greece situation behind us(theoretically there is a bailout in place, provided austerity measures are undertaken), the flight to risk that we saw occurring last week will surely subside. Last Friday, rates closed at the highs of the market since the FED stopped purchasing MBS! On top of the economic releases (manufacturing and labor market data, with the big one Friday) we have a Treasury debt supply announcement for the 3's 10's and 30's on Thursday, as well as the April MBS prepayment rate factors report later that evening. All in all, if we range within expectations we shouldn't see too much movement in rates, but with the nature of the world right now, it wouldn't be far fetched to think maybe another headline, whether political or economic, could kick rates higher. Stay hyper-tuned in.