India, March 3 -- Extending the upward trend seen over the past couple weeks, treasuries showed a strong move to the upside during trading on Monday.
Bond prices advanced early in the session and remained firmly positive throughout the remainder of the day. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell 5.1 basis points to 4.180 percent.
With the continued decrease on the day, the ten-year yield ended the session at its lowest closing level in almost three months.
Treasuries continued to benefit from their appeal as a safe haven amid concerns about the economic impact of President Donald Trump's proposed tariffs.
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