India, April 29 -- After an initial move to the downside, treasuries climbed firmly into positive territory over the course of the trading session on Tuesday.
Bond prices bounced off their early lows in morning trading and remained higher throughout the afternoon. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell 4.3 basis points to 4.173 percent.
With the decrease, the ten-year yield closed lower for the sixth straight session, falling to its lowest closing level since early this month.
Treasuries benefitted from their appeal as a safe haven amid concerns about the economic outlook after the Conference Board released a report showing its U.S. consumer confidence index slumped by more than ex...