India, July 15 -- After ending the previous session roughly flat, treasuries showed a notable move to the downside during trading on Tuesday.
Bond prices came under pressure early in the session and remained firmly negative throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 6.2 basis points to 4.489 percent.
With the sizable increase on the day, the ten-year yield ended the session at its highest closing level in over a month.
The weakness among treasuries came following the release of the Labor Department's closely watched report on consumer price inflation.
While the data largely came in line with economist estimates, the report was not seen as likely to accelerate inte...