Watching the bond market these days is a bit like watching Rover chase his tail. There’s a lot of spinning and swirling, and a vase or two gets knocked over, but Rover never finds resolution. The fixed-income set too seems to be spinning its wheels a lot lately but just can’t decide if the economy will grow or contract. Depending on the week, one or the other sentiment prevails until some bit of news emerges to reverse the trend.