Mumbai, July 28 -- The 10-year Treasury yield turned lower on Friday as markets eyed broad trade developments and weak economic cues. The yield on the benchmark 10-year Treasury eased around 2 basis points to 4.38%, sliding from a one-week high. Overall sentiment was cautious as the US-Europe trade talks gained prominence. Meanwhile, the US new orders for manufactured durable goods in June decreased $32.1 billion or 9.3% to $311.8 billion, following 16.5% rise in previous month. US President Donald Trump on Sunday said that America and the European Union have reached a deal on trade. The US will impose a 15% tariff rate on products coming into the country from EU.

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