Mumbai, July 31 -- The US Treasury yields edged up yesterday as the US Federal Reserve held interest rates steady between the range 4.25% to 4.5% and Federal Reserve Chair Jerome Powell said it's too soon to say whether the central bank will cut its interest rate target in September. His reference to considering the information ahead of the next Fed meeting pushed up the benchmark US 10-year yields to around 5 basis points after it fell near a three-week low of 4.32% mark earlier. Yields are currently hovering at 4.36%. Economic cues were largely firm. The US economy rebounded in the second quarter of 2025, growing at an annualised rate of 3% and reversing a 0.5% contraction seen in the first three months of the year.

Published by HT Dig...