India, Aug. 20 -- Treasuries showed a lack of direction over the course of the trading session on Wednesday before eventually the day roughly flat.
Bond prices moved modestly higher in morning trading but pulled back near the unchanged line in the afternoon. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by less than a basis point to 4.296 percent.
The choppy trading on the day came as traders seemed reluctant to make more significant moves ahead of Federal Reserve Chair Jerome Powell's highly anticipated speech at the Jackson Hole Economic Symposium on Friday.
Powell's remarks could have a significant impact on the outlook for interest rates ahead of the Fed's next monetary policy m...