Overall, no day stands out as the most important for rates. We can’t label one based on relevance of data since none of this week’s releases are expected to be a market mover. The calmest day may be Tuesday, but rates should remain fairly calm most of the week unless something unexpected happens. The benchmark 10-year Treasury Note yield closed at 1.57% last week, the lowest level since March 11th. That establishes a range to watch between 1.52% and 1.62%. If it can move below 1.52%, the next point of resistance looks to be below 1.40%, which would be good news for mortgage shoppers because rates tend to track bond yields. On the other hand, failure to do so should lead to an upward move in rates over the next week or so.