Mumbai, June 19 -- The 2-year Treasury note yield rose for another day on Thursday after jumping Wednesday in reaction to the conclusion of Kevin Warsh's first meeting as chair of the Federal Reserve.

The 2-year yield which more closely tracks short-term Federal Reserve interest rate policy, gained more than 1 basis point to 4.17%. That follows an advance of more than 16 bps on Wednesday - the biggest jump on a Fed meeting day since March 2008, according to MUFG.

The yield on the 10-year U.S. Treasury note - the key benchmark for mortgage lending, auto loans and credit card debt - dipped 1 basis point to 4.45%. The longer-dated 30-year Treasury bond yield fell more than 2 bps to 4.90%

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