India, March 28 -- Treasuries have trended lower over the past few sessions but showed a substantial move back to the upside during trading on Friday.
Bond prices surged early in the session and climbed even more firmly into positive territory as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, plunged 4.255 basis points to 4.255 percent.
Treasuries benefitted from the appeal as a safe haven comes amid concerns about the outlook for the economy following the latest data, including the Federal Reserve's preferred readings on inflation.
While a Commerce Department report showed consumer prices increased in line with economist estimates, core consumer prices rose by slightly more...