India, Aug. 14 -- Following the notable advance seen in the previous session, treasuries moved back to the downside during trading on Thursday.
Bond prices showed a significant downward move in morning trading and remained firmly negative throughout the afternoon. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 5.5 basis points to 4.293 percent.
The pullback by treasuries came following the release of a Labor Department report showing producer prices in the U.S. increased by much more than expected in the month of July.
The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer pri...