"Markets tend to fall quickly and recover slowly, and a steady but choppy and gaining market is what we now expect to see over the next few months, as the bullish sentiment gradually builds again," Dickey said.
The bond market rallied on a flight to safer investments. Yields on the 10-year Treasury bond fell to 4.981 percent from 4.994 percent a week earlier and the 30-year bond yielded 5.033 percent from 5.094 percent. Bond yields and prices move in opposite directions.
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