Mumbai, May 12 -- Yields on U.S. Treasurys moved higher at the start of a new trading week as traders reacted to geopolitical developments around the Iran war ahead of President Donald Trump's meeting with China premier Xi Jinping in Beijing later this week and prepared for the latest inflation reading out Tuesday.

The yield on the 10-year U.S. Treasury note - the key benchmark for government borrowing - was more than 4 bps higher at 4.41%.

The 2-year Treasury note yield, more sensitive to short-term Federal Reserve interest rate policy, rose more than 5 bps to reach 3.95%. The longer-dated 30-year Treasury bond yield was more than 3 bps higher at 4.98%.

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