Mumbai, May 14 -- The 10-year U.S. Treasury note yield moved higher on Wednesday as investors digested the implications of hotter-than-expected wholesale prices in April.

The yield on the 10-year note - the key benchmark for U.S. government borrowing - was last up less than 1 basis point at 4.473%. It had risen as much as 3 basis points to hit a high of 4.49%, reaching its highest level since July 17.

The 2-year Treasury note yield which more closely tracks short-term Federal Reserve interest rate policy, was more than 1 basis point lower at 3.981%. The longer-dated 30-year Treasury bond yield was up more than 1 basis point at 5.042%. It had earlier advanced 2 basis points to 5.05%, its highest level since July 17.

Published by HT Digi...