This week's economic calender includes:

• Tomorrow, Treasury will begin is monthly auctions of 2, 5 and 7 year bonds.
•  March existing and new home sales.
• March durable goods will be released on Wednesday.
• On Friday, markets will get the first of three reports on Second Quarter GDP.

Interest rates are driven by movements in the key stock indexes, however, last week's volatility in stocks, gold and oil never crossed over into the Bond Market and MSB's.

Stocks are currently experiencing increased volatility, with wide swings, however, no sustained trend has been seen, leaving many waiting for a major correction.

ADVISE:  Rate Improvements will be hard pressed and any improvement is expected to be minimal.
This week is an important week to stay up on the market for signs of which way the rates will swing.
If the 10 yr. note exceeds 1.75% at closing, expect interest rates to increase in response.

- Michael Corboy