India, April 11 -- After pulling back off early highs to end the previous session roughly flat, treasuries showed a significant move to the downside during trading on Friday.
Bond prices regained some ground after moving sharply lower in morning trading but remained firmly in negative territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 9.9 basis points to 4.493 percent.
The ten-year yield moved notably higher in four of the five sessions this week, surging to its highest closing level in two months.
The recent slump by treasuries has led to speculation China is dumping their bond holdings as part of their retaliation to President Donald Trump's tariffs.
China has also announced pl...