Mumbai, Oct. 17 -- The US Treasury yields slipped yesterday as prices rose amid good demand for the government debt. The 10-year yield dropped below 4% as risk sentiment took a hit and the US bank stocks tanked on exposure to two auto bankruptcies. The yield on the benchmark 10-year Treasury is currently at a seven-month low at 3.94%. Markets are worried about bad loans, as two recent bankruptcies have suggested that lending standards may have relaxed too much. This, combined with trade tensions and the ongoing U.S. government shutdown is also keeping demand for bonds elevated.

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