India, Jan. 31 -- After showing a lack of direction early in the session, treasuries came under pressure over the course of the trading day on Friday.
Bond prices spent much of the day lingering near the unchanged line before coming under pressure in afternoon trading. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 5.7 basis points to 4.569 percent.
The increase on the day came after the ten-year yield ended the previous session at its lowest closing level in well over a month.
Treasuries saw further downside going into the close after White House press secretary Karoline Leavitt confirmed tariffs will be levied against major U.S. trading partners beginning Saturday.
Leavitt said the T...