India, June 11 -- After seeing modest strength for much of the session, treasuries rallied in the latter part of the trading day on Thursday.
Bond prices surged to upside in early afternoon trading before ending the day sharply higher. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, tumbled 7.9 basis points to 4.463 percent.
The late-day rally by treasuries came as crude oil prices plunged after President Donald Trump called off previously announced attacks against Iran.
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