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Treasuries Turn Positive After Seeing Initial Weakness


Treasuries Turn Positive After Seeing Initial Weakness
WASHINGTON (dpa-AFX) - After initially showing a modest move to the downside, treasuries turned higher over the course of the trading day on Wednesday.
Bond prices recovered from their early lows and climbed firmly into positive territory as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 2.6 basis points to 1.520 percent.
With the decrease on the day, the ten-year yield continued to give back ground after ending Monday s trading at its highest closing level in over a year.
The rebound by treasuries came following the release of a Labor Department report showing tame consumer price inflation in the month of February. ....

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GMM Pfaudler, IDBI Bank: 14 Nifty500 stocks have surged above their 200-DMA


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