11:00AM Update

Steady selling has sent stocks into negative territory to trade with modest losses at new session lows. Following a decidedly positive start that saw all 10 major sectors stage gains, weakness has become widespread. With the broad market in the red for the fourth straight session, buying interest in Treasuries has continued to take yields lower. Such demand has sent the yield on the 5-year Note to a record low beneath 0.72%. Meanwhile, the benchmark 10-year Note’s yield now stands at 1.83%.

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