India, Jan. 30 -- After ending Wednesday's trading roughly flat following the Federal Reserve's monetary policy decision, treasuries moved to the upside during trading on Thursday.
Bond prices gave back some ground after an early advance but remained firmly positive throughout the session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell 4.3 basis points 4.512 percent.
With the decrease on the day, the ten-year yield ended the session at its lowest closing level in well over a month.
The strength among treasuries came after the Commerce Department released a report showing U.S. economic growth in the fourth quarter of 2024 fell short of economist estimates.
The report said gross domestic pr...