India, Feb. 6 -- Following the strong upward move seen in the previous session, treasuries showed a modest move back to the downside during trading on Thursday.
Bond prices fluctuated over the course of the session before ending the day in the red. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, crept up 1.8 basis points to 4.440 percent.
The modest pullback by treasuries may have reflected profit taking after yesterday's rally drove the ten-year yield down to its lowest closing level in well over a month.
Selling pressure remained somewhat subdued, however, as traders seemed reluctant to make significant moves ahead of the release of the Labor Department's closely watched monthly jobs report on...