Mumbai, June 12 -- The 10-year US Treasury yield eased on Wednesday after consumer price inflation data offered a soft assessment of price conditions. Equities were steady as the US and Chinese officials agreed to a framework on trade. The 10-year Treasury yield dropped towards 4.40% mark, lowest in one-week. Bond markets also eyed latest auction in the market. The US government sold $39 billion of 10-year Treasuries. The notes were awarded at 4.421% compared to the 4.342% high seen in the prior auction. The bid to cover ratio, a gauge of demand, for the auction eased to 2.52, down from 2.60 previously. The US Consumer Price Index edged up marginally by 0.1% in May, down from a 0.2% rise in April. On a year-over-year basis, CPI rose at a ...
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