India, June 13 -- After showing a strong upward move over the two previous sessions, treasuries showed a notable move back to the downside during trading on Friday.
Bond prices moved steadily lower throughout much of the session before regaining some ground going into the close. Subsequently, the yield on the benchmark ten-year, which moves opposite of its price, jumped 6.7 basis points to 4.424 percent.
With the rebound on the day, the ten-year yield climbed off its lowest closing level in a month.
The pullback by treasuries came following news Israel launched a series of airstrikes against Iran earlier this morning.
The Israeli airstrikes targeting nuclear facilities and ballistic missile factories killed at least three of Iran's seni...