India, April 1 -- After pulling back off their early highs and ending Monday's trading little changed, treasuries showed a strong move back to the upside during trading on Tuesday.
Bond prices moved notably higher early in the session and remained firmly positive throughout the day. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, tumbled 9.0 basis points to 4.156 percent.
With the steep drop on the day, the ten-year yield slumped to its lowest closing level since early last December.
Treasuries benefitted from their appeal as a safe haven amid lingering concerns about President Donald Trump's trade policies ahead of the announcement of reciprocal tariffs on Wednesday.
"On Wednesday, it will be ...