India, Feb. 3 -- Treasuries showed a strong move to the upside in early trading on Monday but gave back ground as the day progressed.
Bond prices pulled back well off their early highs but remained in positive territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dipped 2.6 basis points to 4.543 percent after hitting a low of 4.462 percent.
Treasuries initially benefited from their appeal as a safe haven after President Donald Trump officially imposed a 25 percent tariff on imports from Canada and Mexico and a 10 percent tariff on imports from China.
A statement from the White House said Trump is taking "bold action to hold Mexico, Canada, and China accountable to their promises of halting ...