India, June 18 -- Treasuries recovered from yesterday's late-day weakness early in the session on Thursday but gave back ground over the course of the trading day.
Bond prices pulled back well off their best levels of the day but still managed to close modestly higher. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dipped 1.2 basis points to 4.451 percent.
Treasuries initially benefited from a positive reaction to news the U.S. and Iran have officially signed a preliminary agreement to end the Middle East war.
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