India, March 25 -- After recovering from an initial move to the downside, treasuries moved moderately higher over the course of the trading session on Tuesday.
Bond prices climbed well off their early lows and into positive territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dipped 2.4 basis points to 4.307 percent.
Treasuries regained ground following the notable pullback seen over the two previous sessions as the Conference Board released a report showing consumer confidence in the U.S. deteriorated by more than expected in the month of March.
The Conference Board said its consumer confidence index tumbled to 92.9 in March from an upwardly revised 100.1 in February.
Economists had expe...