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Buyers have started to show some signs of life. Their timid entry into early afternoon action has taken the stock market out of its recent trading range to its best level since the early going. The market still has a long way to go before it can fully offset today's decline, though.
The stock market's recent upturn comes after Treasuries recently recorded a session high. Buying in Treasuries has taken the yield on the benchmark 10-year Note down to a multi-week low of 3.37%. The one-month low for the yield is just below 3.26%; it was set on March 18.
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