Stocks again trade within the afternoon's narrow trading range as investors find few catalysts to improve underlying sentiment. Treasuries, however, have recently climbed to session highs. Even though the first of three Treasury debt auctions this week - a 3-yr note auction which awarded a yield of 4.458% - drew a less than expected indirect bidder participation of 29.9%, strong demand for a 10-yr note (+15/32) yield (4.55%) near seven-month lows continues to attract buyers. NYSE Adv/Dec 1185/1995, Nasdaq Adv/Dec 1141/1784
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