India, July 7 -- After ending the previous session roughly flat, treasuries showed a notable move to the downside during trading on Tuesday.
Bond prices came under pressure over the course of the morning and remained firmly negative throughout the afternoon. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 5.0 basis points to 4.529 percent.
The weakness among treasuries came amid a sharp increase by the price of crude oil, with U.S. crude oil futures spiking by more than 5 percent.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....