India, May 13 -- Treasuries came under pressure over the course of the trading session on Tuesday, extending the slump seen in the previous session.
After initially showing a lack of direction, bond prices slid firmly into negative territory as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 4.2 basis points to 4.499 percent.
The ten-year yield added to the 8.2 basis point jump seen during Monday's session, reaching its highest closing level in almost three months.
The continued weakness among treasuries came as traders continued to react to Monday's news of a trade deal between the U.S. and China slashing the massive tariffs on each other's goods.
The White House sa...