India, April 7 -- Treasuries showed a substantial move to the downside during trading on Monday, giving back ground after moving sharply higher over the two previous sessions.
Bond prices moved lower early in the session and slid more firmly into negative territory as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, surged 17.0 basis points to 4.155 percent.
The pullback by treasuries largely reflected profit taking following the surge last Thursday and Friday in reaction to President Donald Trump's new tariffs and retaliatory moves by U.S. trade partners.
The ten-year yield showed a significant rebound after plunging by 21.1 basis points over to the previous sessions to hit i...