India, Oct. 28 -- After closing roughly flat for two straight days, treasuries showed a notable move to the downside during trading on Wednesday.
Bond prices saw considerable volatility following the Federal Reserve's monetary policy announcement but closed firmly in the red. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 5.0 basis points to 5.05 percent.
Treasuries initially recovered from morning weakness in reaction to the Fed announcement, with the ten-year yield climbing back near the unchanged line.
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