India, March 5 -- Following the downturn seen over the course of the previous session, treasuries saw further downside during trading on Wednesday.
Bond prices regained some ground after seeing early weakness but pulled back firmly into negative territory as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 5.5 basis points to 4.265 percent.
The weakness among treasuries came as traders continued to cash in on recent strength in the bond market, with the ten-year yield continuing to rebound after hitting its lowest intraday level since October during trading on Tuesday.
Treasuries staged a recovery attempt in late-morning trading but moved back to the downside after a r...