Mumbai, Oct. 28 -- The US treasuries edged up marginally, pulling yields lower yesterday. The 10-year Treasury yield was edged up around one-week high yesterday but fell under 4% amid lack of economic cues in the US session. WTI Crude oil futures endured some selling after hitting near three-week high and debt markets remained fixated over the upcoming US interest rate moves. The Fed is widely expected to lower rates by another quarter point on Wednesday, bringing down the borrowing costs further. Market will be watching for clues about the likelihood of further rate cut in the remarks made by the FED chair following the monetary policy announcement.
Published by HT Digital Content Services with permission from Capital Market....
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