India, Aug. 13 -- Treasuries showed a strong move to the upside during trading on Thursday as bond traders reacted positively to another relatively tame reading on U.S. inflation.
Bond prices gave back some ground after an early surge but remained firmly positive. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, declined 4.1 basis points to 4.641 percent.
The strength among treasuries came after the Labor Department released a report showing producer prices in the U.S. unexpectedly came in flat in the month of July.
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