India, Sept. 2 -- With trading resuming following the long Labor Day weekend, treasuries showed a notable move to the downside during trading on Tuesday.
Bond prices regained some ground after an early slump but remained firmly negative. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 5.0 basis points to 4.277 percent.
The thirty-year yield also shot up 5.4 basis points to 4.971 percent after reaching an intraday high just shy of 5.0 percent.
The weakness among treasuries came after the U.S. Court of Appeals for the Federal Circuit ruled most of President Donald Trump's global tariffs are illegal.
In a 7-4 decision, the appeals court ruled that the power to impose taxes such as tariffs i...