India, June 15 -- After surging early in the session, treasuries gave back ground over the course of the trading day on Monday but managed to close modestly higher.
Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dipped 1.8 basis points to 4.469 percent after hitting a low of 4.441 percent.
The early rally by treasuries came following news the U.S. and Iran have reached an agreement to end more than three months of war.
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