India, Aug. 27 -- Following the pullback seen in the previous session, treasuries showed a lack of direction throughout the trading day on Thursday.
Bond prices spent the day bouncing back and forth across the unchanged line before eventually closing slightly lower. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, crept up by less than a basis point to 4.672 percent.
The choppy trading on the day came as traders seemed reluctant to make significant moves ahead of Federal Reserve Chairman Kevin Warsh's speech at the Jackson Hole economic symposium on Friday.
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