It was a good auction. Investors felt safe buying at the new debt because of waning concerns the central bank will raise rates anytime soon.

Thirty-year bonds look attractive. There is solid demand for bonds, such as 20- and 30-year debt, so the sale will go smoothly.

Investors will probably hold off buying bonds before the release of the report on core prices. Gains in core prices will strengthen the case for higher rates.

Due to uncertainty over interest rates, along with the bull-run on the stock market, institutional investors are hesitant to buy debt paper actively.

People will probably find it hard to buy bonds ahead of the consumer-prices report. A strong trend of rising core prices will probably encourage people to reduce their bond holdings.

People will view a worse-than-expected machinery orders figure as a bond positive. That may help bonds trim some of losses.