India, March 20 -- After moving higher over the course of the previous session, treasuries saw further upside during trading on Thursday.
Bond prices gave back ground after an early advance but managed to remain in positive territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, dipped 2.3 basis points to 4.233 percent.
The ten-year yield fell as low as 4.174 percent in early trading amid lingering concerns about the economic outlook following the Federal Reserve's monetary policy announcement on Wednesday.
The Fed announced its widely expected decision to leave interest rates unchanged, but forecasts suggest officials still expect to resume cutting rates later this year.
However, the Fed off...