India, April 10 -- Treasuries rebounded following a three-day sell-off early in the session on Thursday but gave back ground over the course of the trading day.
Bond prices pulled back well off their early highs before ending the day roughly flat. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down less than a basis point to 4.394 percent after hitting a low of 4.289 percent.
Treasuries initially benefitted from bargain hunting following the recent nosedive, which resulted in a 41.5 basis point spike by the ten-year yield to its highest closing level in well over a month.
Buying interest waned shortly after the start of trading, however, as traders continue to worry about rising trade ten...