The stock market finished slightly lower in a very choppy session.
In a weekly survey of Treasury investors by J.P. Morgan Chase & Co., the number of investors betting on gains declined while the number betting on losses increased. Thus, in light of heated geopolitics, dips proved to be shallow.
The Federal Home Loan Mortgage Corp. buyback operation saw a high offer to cover, but $1.85 billion was bought out of $2 billion -- the Street was a willing seller. Nonetheless, hedges were unwound, so by late morning, Treasuries were back in the black, though only barely, but held all afternoon in a moribund trade.