India, Aug. 15 -- After showing a lack of direction early in the session, treasuries moved to the downside over the course of the trading day on Friday.
Bond prices slid 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 3.5 basis points to 4.328 percent.
The weakness in among treasuries came following the release of mixed batch of U.S. economic data, which has led to some uncertainty about the outlook for the economy and interest rates.
While the Commerce Department released a report showing retail sales increased in line with economist estimates in July, the University of Michiga...