India, July 14 -- Treasuries surged early in the session on Tuesday in reaction to weaker-than-expected inflation data but gave back ground over the course of the trading day.
Bond prices pulled back well off their best levels of the day but managed to remain in positive territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dipped 2.4 basis points to 4.585 percent after hitting a low of 4.525 percent.
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