Mumbai, Feb. 13 -- Treasuries moved sharply higher, more offsetting the pullback seen in the previous session. Subsequently, the yield on the benchmark ten-year note which moves opposite of its price, slumped 6.8 bps to a two-month closing low of 4.10%.

U.S. Treasury yields moved lower on Thursday as investors reacted to the latest home sales data and looked ahead to the key inflation report.

The 10-year Treasury yield was down more than 8 bps at 4.09%, as was the 30-year Treasury yield at 4.73%. The 2-year Treasury note yield was more than 5 bps lower at 3.45%.

Published by HT Digital Content Services with permission from Capital Market....