India, April 3 -- Following the pullback seen in the previous session, treasuries showed a substantial move back to the upside during trading on Thursday.
Bond prices skyrocketed early in the session and remained sharply higher throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, plunged 14.1 basis points to 4.055 percent.
The ten-year yield more than offset the 4.0 basis point increase seen on Wednesday, ending the session at its lowest closing level since mid-October.
Treasuries benefitted from their appeal as a safe haven after President Donald Trump delivered a highly anticipated speech on Wednesday outlining his plan to impose sweeping tariffs on U.S. trade partners.
Trump's ...