The bond market improved yesterday afternoon after the Federal Reserve maintained their commitment to keep short term rates at or near 0% through mid 2013.  Bonds are relatively flat with a slight positive bias this morning with US Treasury notes improving more than mortgage-backed securities.  Demand for yesterday's US 10 Yr Note auction was strong.  The bid/cover ratio of 3.53 was a near record high ($3.53 dollars bid for every $1 dollar auctioned).  Concerns about Europe continue to dominate the markets.