Mumbai, June 24 -- The US Treasury yields slipped Monday as crude oil prices dropped sharply. Bond prices also rose as Federal Reserve Governor Michelle Bowman said she would favor an interest rate cut at the next policy meeting in July so long as inflation pressures stay muted, triggering a collapse under 4.40%. Yields have moved near a three week low of 4.34%. Market also eyed reports stating that US President Donald Trump announced a total ceasefire between Iran and Israel will take effect in the coming hours.

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