India, Nov. 4 -- Treasuries showed a strong move to the upside during trading on Wednesday, offsetting the notable pullback seen in the previous session.
Bond prices saw some volatility early in the session but climbed firmly into positive territory as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, slumped 5.8 basis points to 4.894 percent.
The rebound by treasuries came following Democrats' decisive victory in the midterm elections on Tuesday.
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