Mumbai, Sept. 24 -- The US Treasury yields eased yesterday after Federal Reserve Chair Jerome Powell highlighted the challenges posed by balancing the state of employment in the US economy and inflation. He noted that if interest rates are left too high for a longer period, the US labour market could soften unnecessarily. This weighed on the yields and the 10-year Treasury yield dipped around 3 basis points at 4.11%, coming off a two-week high. Meanwhile, GDP Growth expectations for the US were also lifted, to 1.8% for 2025 by OECD, compared to June's 1.6% estimate. This can cap downside for yields with the overall focus still being on an important inflation reading due on Friday.

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