Mumbai, Dec. 11 -- Treasuries regained ground after trending lower over the past several sessions. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 2.2 bps to 4.16%.

U.S. Treasury yields moved lower on Wednesday after the Federal Reserve delivered its third straight interest rate cut.

The benchmark 10-year Treasury yield fell more than 3 bps to 4.15% while the 30-year Treasury yield slipped more than 1 basis point to 4.79%. The 2-year Treasury yield dropped more than 7 bps to 3.54%.

Published by HT Digital Content Services with permission from Capital Market....