(RTTNews) - Treasuries ended the previous session roughly flat after paring early gains in a late-day pullback but showed a strong move back to the upside during trading on Thursday. Bond prices advanced early in the session and remained firmly positive throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, slumped 5.9 basis points to 4.947 percent. The early strength among treasuries came amid an extended pullback by the price of crude oil, with U.S. crude oil futures tumbling by as much as 3.3 percent. U.S.
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