India, Nov. 5 -- Treasuries moved notably higher over the course of the trading day on Thursday, extending the strong upward move seen in the previous session.
After seeing initial weakness, bond prices surged in morning trading and remained firmly positive for the rest of the day. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, slumped 5.7 basis points to 4.837 percent.
The ten-year yield moved lower for the fifth time in the past six sessions, dropping to its lowest closing level in almost two months.
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