India, April 24 -- After pulling back off their early highs and ending the previous session roughly flat, treasuries showed a strong back to the upside during trading on Thursday.
Bond prices showed a notable advance early in the session and remained firmly positive throughout the day. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, slumped 8.2 basis points to 4.305 percent.
The strength among treasuries came as traders kept an eye on the latest developments on the trade front, with comments from a Chinese Ministry of Commerce spokesperson partly offsetting optimism about a U.S.-China trade deal.
Ministry of Commerce Spokesperson He Yadong told reporters there are currently "absolutely no negoti...