India, July 16 -- After coming under pressure early in the session, treasuries regained some ground over the course of the trading day on Thursday.
Bond prices climbed well off their early lows but still ended the day in negative territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose 2.4 basis points to 4.569 percent after reaching a high of 4.596 percent.
The early weakness among treasuries may partly have reflected profit taking following the advance seen over the two previous sessions, which saw bond prices moved notably higher on weaker-than-expected inflation data.
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