Bonds opened weaker this morning but have moved back to breakeven.  Stocks are up despite a weaker than expected August regional manufacturing report from the Fed's Richmond district and weaker than expected July New Home Sales report which came in at an annualized pace of 298,000 vs expectations for a 310,000 figure.  Analysts are uncertain as to whether the Fed will announce a new quantitative easing program this Friday.  It is also not clear how the market will react to any such an announcement.  It is not a given that rates would move lower if the Fed announce another easing move.  Some analysts believe stocks will sell off if there is not an announcement which would help bonds.