India, Sept. 24 -- Following the slump seen in the previous session, treasuries have seen further downside over the course of the trading day on Thursday.
Bond prices showed a lack of direction early in the day but slid firmly into negative territory as the session progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 5.0 basis points to 5.160 percent.
The ten-year yield added to the 5.0 basis point surge seen on Wednesday, reaching its highest closing level since July 2007.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....