India, May 23 -- Treasuries moved to the upside during trading on Friday, extending the rebound seen over the course of the previous session.
Bond prices gave back some ground after an early advance but remained in positive territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, fell 4.4 basis points to 4.509 percent.
The ten-year yield added to the 4.3 basis point decrease seen on Thursday, pulling back further off the three-month closing high set on Wednesday.
Treasuries benefitted from their appeal as a safe haven after President Donald Trump threatened to impose 50 percent tariffs on imports from the European Union beginning June 1st.
Trump claimed in a post on Truth Social that the EU ha...