India, Oct. 26 -- After failing to sustain an early move to the upside, treasuries showed a lack of direction over the course of the trading session on Monday.
Bond prices pulled back off their early highs and spent much of the day lingering near the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by less than a basis point to 4.986 percent.
The early advance by treasuries partly reflected a significant pullback by the price of crude oil, with U.S. crude oil futures plunging by nearly 3 percent.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....