India, July 3 -- Extending the downward move seen over the two previous sessions, treasuries saw notable weakness during trading on Thursday.
Bond prices came under pressure early in the session and remained firmly negative throughout the day. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price climbed 5.5 basis points to 4.348 percent.
The continued weakness among treasuries came following the release of a closely watched Labor Department report showing employment in the U.S. increased by more than expected in the month of June.
The Labor Department said non-farm payroll employment shot up by 147,000 jobs in June after jumping by an upwardly revised 144,000 jobs in May.
Economists had expected empl...