India, Sept. 3 -- Treasuries moved sharply higher during trading on Wednesday, regaining ground following the notable weakness seen in the previous session.
Bond prices showed a strong move to the upside in morning trading and remained firmly positive throughout the afternoon.
Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, tumbled by 6.6 basis points to 4.211 percent.
The strength among treasuries came as the Labor Department released a report showing job openings fell to a ten-month low in July, increasing confidence the Federal Reserve will lower interest rates later this month.
The Labor Department said job openings dipped to 7.181 million in July after tumbling to a downwardly revised 7.35...