India, July 31 -- Treasuries moved sharply lower during trading on Friday, extending the downward move seen over the two previous sessions.
Bond prices slid firmly into negative territory in morning trading and saw continued weakness throughout the afternoon. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, surged 8.2 basis points to 4.745 percent.
With the upward move seen over the past few sessions, the ten-year yield more than offset the slump seen last Friday and early this week, reaching its highest closing level since early January 2025.
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