India, July 8 -- Treasuries saw considerable weakness during trading on Wednesday, extending the downward move seen in the previous session.
Bond prices regained some ground in afternoon trading and a morning slump but remained firmly negative. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 4.0 basis points to 4.569 percent.
The continued weakness among treasuries came amid concerns about a re-escalation of the conflict in the Middle East after President Donald Trump declared the U.S.-Iran ceasefire "over."
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