India, Aug. 26 -- After moving notably higher over the two previous sessions, treasuries gave back some ground during trading on Wednesday.
Bond prices moved lower early in the session and remained in the red for the rest of the session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose 2.5 basis points to 4.664 percent.
The pullback by treasuries came following the release of a Commerce Department report showing consumer prices in the U.S. increased by slightly more than expected in the month of July.
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