India, May 6 -- Treasuries showed a lack of direction early in the session on Tuesday but moved to the upside over the course of the trading day.
Bond prices climbed firmly into positive territory in afternoon trading after spending the morning lingering near the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 3.5 basis points to 4.308 percent.
Buying interest emerged after the Treasury Department revealed this month's auction $42 billion worth of ten-year notes attracted modestly above average demand.
The ten-year note auction drew a high yield of 4.342 percent and a bid-to-cover ratio of 2.60, while the ten previous ten-year note auctions had an average bid-to-cover rat...