Bonds improved this morning on worse than expected May Existing Sales data.  Analysts had been expecting sales to increase to an annualized pace of 6.1 million. Instead sales dropped to an annualized pace of 5.66 million from a pace of 5.79 million pace in April.  Stocks are flat as equity investors are attributing the decline in Existing Home Sales to the April 30 deadline for the tax credit which caused buyers who might have purchased this summer to purchase earlier in the year instead.