India, March 18 -- Treasuries showed a lack of direction for much of the trading session on Tuesday but eventually managed to end the day moderately higher.
Bond prices spent of the day lingering near the unchanged line before moving to the upside in the latter part of the session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell 2.5 basis points to 4.281 percent.
Buying interest emerged in afternoon trading after the Treasury Department revealed this month's auction of $13 billion worth of twenty-year bonds attracted well above average demand.
The twenty-year bond auction drew a high yield of 4.632 percent and a bid-to-cover ratio of 2.78, while the ten previous twenty-year bond auctions ha...