Mumbai, Sept. 19 -- The US treasuries continued to stay weak as equities hit another record high. The the benchmark ten-year bond yield, which moves opposite of its price, rose 2.8 basis points to a two-week closing high of 4.10%. Some improvement in labor market data also influenced the bond markets as the US first-time claims for US unemployment benefits fell from around four-year high. In the week ended September 13th, the initial jobless claims fell to 231000, a drop of 33,000 from the previous week's revised level of 264000. However, modest selling pressure in WTI Crude oil today and a relatively light US economic calendar may cap upside in yields heading into weekend.

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