India, Aug. 21 -- After ending the previous session roughly flat, treasuries moved to the downside over the course of the trading day on Thursday.
Bond prices came under pressure in morning trading and remained in negative territory throughout the afternoon. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose 3.4 basis points to 4.330 percent.
The weakness among treasuries came amid lingering uncertainty about the outlook for interest rates ahead of Federal Reserve Chair Jerome Powell's highly anticipated speech at the Jackson Hole Economic Symposium on Friday.
Powell's remarks could have a significant impact on the outlook for rates ahead of the Fed's next monetary policy meeting in September....