rates will likely find their level and stabilize.

Last week, rates edged higher on positive economic news. However, after last week's jammed economic calendar, the week ahead looks timid at best. But could this be what rates need to stabilize?

After returning to work after the long holiday weekend, bond investors will be greeted by a slow economic calendar. This hiatus from high impact reports will likely cause rates to continue to move higher early in the week, then stabilize.

The bottom line: Unless some unexpected statements are released rates will likely find their level and stabilize.