Complacency...the big traders are waiting for Wednesday to trade

Given the moves in stocks these past few days, the comparable moves in treasuries have been incredibly flat.  Its pretty clear to me that the large treasury traders have not been active in the market recently.  Perhaps they are waiting for Wednesdays FOMC meeting to get out of the way before they get back into the market.  Either way, the moveds in UST have been pretty muted given the moves we have seen in the stock market recently.  The stocks vs bonds trade diverges some more overnight.