India, April 4 -- After skyrocketing in the previous session, treasuries showed another notable move to the upside during trading on Friday.
Bond prices gave back ground after an early surge but remained firmly in positive territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, slid 7.0 basis points to 3.985 percent after hitting a low of 3.886 percent.
The ten-year yield added to the 14.1 basis point plunge seen on Thursday, tumbling to its lowest closing level in six months.
Treasuries continued to benefit from their appeal as a safe haven amid ongoing concerns about a global trade war after China announced retaliatory tariffs on U.S. goods in reaction to President Donald Trump's new levies...