India, June 2 -- After ending last Friday's trading little changed, treasuries show a significant move to the downside during trading on Monday.
Bond prices recovered from an initial move lower but once again came under pressure as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 4.6 basis points to 4.462 percent.
The weakness among treasuries came as traders kept an eye on the latest developments on the trade front amid further signs of rising tensions between the U.S. and China.
China on Monday pushed back against President Donald Trump's claims that it had broken the Geneva trade agreement, accusing the U.S. of violating the deal with increased tech export restricti...