India, Aug. 20 -- Following the surge seen in the previous session, treasuries showed a notable move back to the downside during trading on Thursday.
Bond prices came under pressure early in the session, bond prices remained firmly negative throughout the day. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 4.3 basis points to 4.696 percent.
The ten-year yield largely offset the 5.3 basis point slump seen on Wednesday, which came after the Treasury Department announced upscaled buyback operations for longer-term debt.
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