India, April 8 -- Following the sharp pullback seen over the course of the previous session, treasuries saw further downside during trading on Tuesday.
Bond prices regained ground after an early slump but once again came under pressure in afternoon trading. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 10.7 basis points to 4.262 percent.
The ten-year yield added to the 17.0 basis point surge during Monday's trading, climbing further off the six-month closing low set last Friday.
The early weakness among treasuries partly reflected optimism about negotiations on President Donald Trump's new tariffs that could help avoid a global trade war.
Treasury Secretary Scott Bessent said approxima...