India, Feb. 14 -- Treasuries moved higher during trading on Friday, extending the strong upward move seen over the course of the previous session.
Bond prices advanced early in the session and remained firmly positive throughout the day. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, slid 5.3 basis points to 4.472 percent.
The ten-year yield added to the 11.2 basis point plunge seen on Thursday, pulling back further toward its recent one-month lows.
The continued strength among treasuries came after the Commerce Department released a report showing retail sales slumped by much more than expected in January.
The report said retail sales slid by 0.9 percent in January after climbing by an upward...