India, April 21 -- Treasuries fluctuated over the course of the trading session on Monday before eventually ending the day firmly in negative territory.
After recovering from an early slump, bond prices once again came under pressure as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 7.2 basis points to 4.405 percent.
The volatility in the bond markets came as President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome, calling him "Mr. Too Late" and "a major loser" in a post on Truth Social.
In the same post, Trump also claimed there will be "almost no inflation" but warned "there can be a SLOWING of the economy" unless Powell lowers interest rates....