India, May 9 -- Following the sharp pullback seen in the previous session, treasuries showed a lack of direction over the course of the trading day on Friday.
Bond prices moved modestly higher early in the session but pulled back near the unchanged line as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by less than a basis point to 4.375 percent.
Treasuries initially benefitted from their appeal as a safe haven amid lingering uncertainty about trade ahead of Treasury Secretary Scott Bessent's talks with Chinese officials in Switzerland this weekend.
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