India, March 6 -- After moving notably lower early in the session, treasuries regained some ground over the course of the trading day on Thursday.
Bond prices climbed well off their worst levels of the day but still closed in negative territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose 2.1 basis points to 4.286 percent.
The ten-year yield closed higher for the third straight session, continuing to rebound after hitting its lowest intraday level since October during trading on Tuesday.
The early weakness among treasuries came after the Labor Department released a report showing first-time claims for U.S. unemployment benefits fell by more than expected in the week ended March 1st.
The...