India, June 6 -- Following the downturn seen over the course of the previous session, treasuries showed an even more substantial move to the downside during trading on Friday.
Bond prices came under pressure early in the session and slid more firmly into negative territory as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, surged 11.6 basis points to 4.510 percent.
The sell-off by treasuries came following the release of a closely watched Labor Department report showing slightly stronger than expected U.S. job growth in the month of May.
The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in A...