India, June 29 -- After trending higher over the past few sessions, treasuries showed a lack of direction throughout the trading day on Monday.
Bond prices spent the day lingering near the unchanged line before closing roughly flat. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, crept up by less than a basis point to 4.374 percent.
The choppy trading on the day came as traders kept an eye on developments in the Middle East, with the U.S. and Iran reportedly agreeing to once again pause hostilities following an exchange of strikes over the weekend.
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