India, Oct. 7 -- Following the rebound seen in the previous session, treasuries initially showed a significant move back to the downside on Wednesday but staged a recovery over the course of the day.

Bond prices have climbed well off their early lows and back near the unchanged line. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, has risen 1.5 basis points to 5.286 percent.

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