India, Aug. 7 -- After showing a lack of direction early in the session, treasuries moved to the downside over the course of the trading day on Thursday.
Bond prices slid more firmly into negative territory in afternoon trading after spending the morning lingering near the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose 2.4 basis points to 4.244 percent.
The ten-year yield added to the 2.4 basis point gain posted in the previous session, climbing further off Tuesday's three-month closing low.
The weakness that emerged in afternoon trading came as the Treasury Department revealed this month's auction of $25 billion worth of thirty-year bonds attracted below average demand.
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