India, Aug. 28 -- After ending yesterday's choppy session slightly lower, treasuries showed a more significant move to the downside during trading on Friday.
Bond prices showed a lack of direction early in the session before coming under pressure in late-morning trading. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 4.8 basis points to 4.720 percent.
The weakness that emerged among treasuries came as Federal Reserve Chairman Kevin Warsh's first speech at the Jackson Hole economic symposium was seen as having a hawkish tilt.
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