India, June 12 -- Following the rally seen in the previous session, treasuries showed a notable move back to the downside in early trading on Friday.
Bond prices regained ground following the early slump but still ended the day lower. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose 2.4 basis points to 4.487 percent after reaching a high of 4.507 percent.
The early pullback by treasuries came amid uncertainty about the situation in the Middle East amid conflicting comments from President Donald Trump.
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