Early morning appetite for stocks has worn thin. Dealers are pinning their hopes on a Friday speech in Wyoming?s Jackson Hole to be delivered by Fed Chief Bernanke at which he?ll at least allude to another economic stimulus program. Yields had risen earlier as investors? fear gauge dipped, but demand for fixed income fast-picked up as stocks teetered on losses by around lunchtime. And while volume was possibly lighter than usual, investors were keen to buy recently issued corporate paper while for their part, issuers were happy to take advantage of the recent slide in yields.
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