India, March 13 -- After moving to the downside early in the session, treasuries regained ground over the course of the trading day on Thursday.
Bond prices climbed well off their early lows and firmly into positive territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, slid 4.4 basis points to 4.274 percent after reaching a high of 4.353 percent.
Treasuries initial moved to the downside following the release of the Labor Department's report on producer price inflation.
The report said producer prices were unexpectedly unchanged in February, while annual rate of producer price growth slowed more than expected to 3.2 percent.
As with yesterday's consumer-price inflation data, the report ease...