Mumbai, Jan. 21 -- Treasuries extended the steep drop. As a result, the yield on the benchmark ten-year note which moves opposite of its price, jumped 6.4 bps to a five-month closing high of 4.29%.

U.S. Treasury yields jumped Tuesday as investors weighed renewed tariff threats from Washington that revived fears of a trade war with Europe and spurred a flight from U.S. assets.

The yield on the benchmark 10-year Treasury was last seen trading more than 6 basis points higher at 4.29%. Yields on longer-dated 20-yr and 30-yr treasuries spiked, adding around 8 basis points to trade at 4.87% and 4.92%. One basis point is equal to 0.01% and yields and prices move in opposite directions.

Published by HT Digital Content Services with permission ...