Mumbai, Nov. 7 -- The US treasury yields cooled off yesterday after a recent spike as markets eyed a weak undertone in crude oil prices and some risk aversion in equities pushed up bond prices. The benchmark 10-year Treasury yield tanked 6 basis points at 4.09%, coming off one-month high. Bond markets also eyed arguments before the Supreme Court on Trump's reciprocal tariffs. Supreme Court justices expressed concerns over the legality of the tariffs against most major trading partners after lower federal courts ruled that the US President lacked the legal authority to impose higher tariffs on trade partners.

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