India, Aug. 25 -- Following the strong upward move seen during last Friday's session, treasuries gave back some ground during trading on Monday.
Bond prices regained ground after coming under pressure early in the session but still closed modestly lower. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, inched up 1.5 basis points to 4.275 percent.
The modest pullback by treasuries came following the surge seen in the previous session, which came in reaction to Federal Reserve Chair Jerome Powell's highly-anticipated speech before the Jackson Hole Economic Symposium.
While Powell touched only briefly on the outlook for monetary policy, his remarks increased investor confidence that the Fed will low...