Mumbai, March 10 -- Treasuries recovered from early weakness to end the day roughly flat. As a result, the yield on the benchmark ten-year note which moves opposite of its price, crept up by less than a basis point to 4.13% after reaching a high of 4.17%.

The 10-year Treasury yield initially moved higher before pulling back on Monday as oil prices at first moved past $100 a barrel, then later declined after President Donald Trump told a CBS News reporter that the Iran war could soon be over.

The benchmark 10-year Treasury yield was fell more than 2 bps to 4.10% and the 30-year Treasury bond fell more than 3 bps to yield 4.72%. The 2-year Treasury note yield was little changed at 3.55%.

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