Bond markets opened flat and are improving slightly in late morning trading.  Stocks are very slightly positive.  The economic report calendar is vacant today but Fed Chairman Bernanke will be testifying before the Senate Banking Committee as part of his semi-annual report to Congress on monetary policy. Tomorrow he will testify before the House Financial Services Committee.  He is expected to recognize the slowing recovery but down play the possibility of a double dip recession and the need for the Fed to take further monetary easing action.