Mumbai, Dec. 12 -- Treasuries extended the upward move seen over the course of the previous session. Subsequently, the yield on the benchmark ten-year note which moves opposite of its price, fell 2.3 bps to 4.14%.

The yield on the 10-year Treasury dipped on Thursday as investors digested the Federal Reserve's latest rate cut and weighed the state of the U.S. economy.

The benchmark 10-year Treasury yield fell more than 1 basis point to 4.147%, while the 2-year Treasury yield declined more than 3 bps to 3.52%. The 30-year Treasury yield rose less than 1 basis point to 4.79%.

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