India, Feb. 27 -- Treasuries moved to the downside during trading on Thursday, giving back ground after moving sharply higher over the past several sessions.
Bond prices came under pressure early in the session and remained firmly negative throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 3.6 basis points to 4.285 percent.
The pullback by treasuries may have reflected profit taking, with the ten-year yield moving higher for the first time in seven sessions and bouncing off its lowest closing level since early December.
While treasuries have recently benefited from their appeal as a safe haven amid concerns about President Donald Trump's trade policies, they seemed to shr...