India, Feb. 26 -- After showing a lack of direction early in the session, treasuries moved notably higher over the course of the trading day on Wednesday.
Bond prices climbed firmly into positive 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, slid 4.9 basis points to 4.249 percent.
The ten-year yield closed lower for the sixth consecutive session, ending the day at its lowest closing level since early December.
The strength that emerged among treasuries came amid renewed concerns about President Donald Trump's trade policies.
During the first official Cabinet meeting of his new administration, Trump re...