India, April 16 -- After showing a lack of direction early in the session, treasuries moved to the upside over the course of the trading day on Wednesday.
Bond prices spent the morning bouncing back and forth across the unchanged line before moving higher in afternoon trading. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell 4.4 basis points to 4.279 percent.
Treasuries continued to benefit from their appeal as a safe haven amid lingering concerns about the impact of President Donald Trump's trade policies.
Chipmakers Nvidia (NVDA) and ASML (ASML) have warned about the impact of the new policies, contributing to a sell-off on Wall Street.
While treasuries sold off in the days after Trump's ...