India, July 13 -- Following the pullback seen during last Friday's session, treasuries showed a notable move to the downside during trading on Monday.
Bond prices saw modest weakness early in the day but slid more firmly negative territory as the session progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 4.0 basis points to 4.609 percent.
The ten-year yield added to the 3.0 basis point increase seen during last Friday's session, reaching its highest closing level in almost two months.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....