India, Aug. 8 -- Treasuries moved lower over the course of the trading day on Friday, extending the pullback seen over the two previous sessions.
Bond prices came under pressure in morning trading and remained firmly negative throughout the afternoon. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 4.1 basis points to 4.285 percent.
With the increase, the ten-year yield continued to regain ground after ending Tuesday's trading at its lowest closing level in three months.
The extended pullback by treasuries came as traders shrugged off concerns about the economic impact of President Donald Trump's new tariffs on dozens of U.S. trading partners that took effect at midnight.
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