India, June 10 -- After showing a lack of direction for much of the morning, treasuries came under pressure in afternoon trading on Wednesday.
Bond prices climbed well off their worst levels going into the close but still ended the day modestly lower. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, ticked up by 1.4 basis points to 4.542 percent.
The weakness that emerged in the bond market came as President Donald Trump ramped up his threats against Iran following a recent exchange of attacks.
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