India, Sept. 10 -- Treasuries showed a substantial move to the downside during trading on Thursday, extending the downward move seen over the past several sessions.
Bond prices moved sharply lower in early trading and saw further downside as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, spiked 10.7 basis points to 4.944 percent.
With the continued surge on the day, the ten-year yield once again jumped to its highest closing level in almost three years.
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