India, July 2 -- Treasuries showed a notable move to the downside during trading on Wednesday, adding to the modest weakness seen in the previous session.
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 4.2 basis points to 4.293 percent.
The continued weakness among treasuries came after President Donald Trump announced that he has reached a trade deal with Vietnam.
In a post on Truth Social, Trump said the terms of the deal call for Vietnam to pay a 20 percent tariff on goods sent to the U.S. and a 40 percent tariff on any transshipping.
"In return, Vietnam will do something that they ...