India, March 27 -- Treasuries came under pressure during trading on Thursday, extending the downward trend seen over the past several sessions.
Bond prices regained some ground after an initial move to the downside but remain in negative territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 3.1 basis points to 4.369 percent.
The ten-year yield closed higher for the fourth time in the past five sessions, reaching its highest closing level in a month.
The weakness among treasuries came following the release of a largely upbeat batch of U.S. economic data, including a Commerce Department report showing the economy grew slightly faster than previously estimated in the fourth quarter of ...