Mumbai, July 14 -- Treasury yields rose on Monday as the ceasefire agreement between the U.S. and Iran came under increasing strain, with the two sides trading strikes over the weekend and President Donald Trump reinstituting a blockade of Iranian ships using the Strait of Hormuz.

The yield on the 10-year U.S. Treasury note - the key benchmark for U.S. government borrowing - gained more than 4 bps to 4.61%.

The 2-year Treasury note yield which more closely tracks short-term Federal Reserve interest rate policy, traded more than 6 bps higher to 4.26%. The longer-dated 30-year Treasury bond yield was up 3 bps at 5.10%.

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