Mumbai, Feb. 5 -- Treasuries showed a lack of direction before closing roughly flat for the second straight day. The yield on the benchmark ten-year note which moves opposite of its price, crept up by less than a basis point to 4.27%.

U.S. Treasury yields were little changed Wednesday after initially moving lower in the wake of an unexpectedly lackluster January jobs report.

The 10-year Treasury yield rose less than 1 basis point to 4.27% while the 30-year treasury yield gained more than 1 basis point to 4.91%. The 2-year Treasury note yield, a reflection of the shortest-term outlook for Federal Reserve policy was down more than a basis point at 3.55%.

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