India, May 29 -- Treasuries moved to the upside during trading on Thursday, regaining ground following the pullback seen over the previous session.
Bond prices advanced in morning trading and remained firmly positive throughout the afternoon. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, fell 5.3 basis points to 4.424 percent.
The rebound by treasuries came following news that a federal court blocked U.S. President Donald Trump's "reciprocal tariffs" on imports from U.S. trade partners from going into effect.
The Court Of International Trade ruled Trump overstepped his authority to impose the tariffs by invoking emergency economic powers.
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