"We aren't even close to being out of the woods yet regarding the mortgage credit situation and its global fallout," he said. "We continue to believe that stock prices will remain very volatile for at least the balance of this month regardless of what the Fed chooses to do."
The yield on the 10-year Treasury bond fell to 4.368 percent from 4.537 percent a week earlier, and that on the 30-year Treasury dropped to 4.693 percent from 4.831 percent. Bond prices and yields move in opposite directions.
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