India, June 5 -- Treasuries moved sharply lower during trading on Friday, more than offsetting the strength seen in the previous session.
Bond prices tumbled early in the session and remained firmly negative throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price surged 5.9 basis points to 4.536 percent.
The significant weakness among treasuries came following the release of much stronger than expected U.S. jobs data, which raised concerns about the outlook for interest rates.
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