India, April 17 -- Treasuries moved to the downside during trading on Thursday, giving back ground after trending higher over the past few sessions.
Bond prices saw modest weakness early in the session but slid more firmly into negative territory as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 5.4 basis points to 4.333 percent.
The weakness among treasuries came as traders cashed in on the strength seen over the past few sessions, which saw the ten-year yield pull back well off the two-month closing high set last Friday.
Treasuries also moved lower as President Donald Trump made upbeat comments about trade talks, saying in a post on Truth Social on Wednesday that "...