With bond trading resuming following the Veterans Days holiday on Monday, treasuries showed a significant move to the downside during trading on Tuesday.
Bond prices came under pressure early in the session and slid more firmly into negative territory as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, spiked by 12.4 basis points to a four-month closing high of 4.432 percent.
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