Mumbai, Jan. 5 -- Treasuries extended the downward move seen over the two previous sessions. Subsequently, the yield on the benchmark ten-year note which moves opposite of its price, climbed 2.4 bps to 4.18%.

The benchmark 10-year Treasury yield rose, as investors weighed the economic outlook and the prospects for further rate cuts.

The yield on the 10-year Treasury was more than 3 bps higher at 4.19%. The yield on the 2-year Treasury was last seen up by less than 1 basis point at 3.47%. The 30-year Treasury yield rose more than 3 bps to 4.86%.

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