Mumbai, July 3 -- The US 10-year Treasury yield stayed elevated yesterday as market focussed on the impact of President Donald Trump's tax-and-spending package, which narrowly passed the Senate on Tuesday. The 10-year Treasury yield has moved up from a two-month low and currently quotes at 4.26%. Debt markets are now waiting for June's nonfarm payrolls report to understand how Fed will set up near term its monetary policy action.

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