India, May 8 -- Treasuries moved sharply lower during trading Thursday, giving back ground after moving higher over the two previous sessions.
Bond prices showed a significant move to the downside 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, jumped 9.8 basis points to 4.373 percent.
The steep drop by treasuries came as news of trade deal between the U.S. and the U.K. reduced safe haven appeal of bonds.
President Donald Trump unveiled the framework of the trade agreement with the U.K. but noted the final details of the deal are still "being written up."
Trump claimed the deal includes billions of dollars of increased ma...