India, Aug. 14 -- After moving to the upside early in the session, treasuries showed a notable downturn over the course of the trading day on Friday.
Bond prices pulled back well off their early highs and firmly into negative territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 5.5 basis points to 4.696 percent.
Treasuries initially moved higher following the release of a Commerce Department report showing an unexpected decrease in U.S. retail sales in the month of July.
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