Mumbai, May 13 -- U.S. Treasury yields rose again on Tuesday as investors assessed the implications of a surprisingly hot inflation reading, which showed consumer prices rising to their highest in nearly three years.

The 10-year Treasury yield - the benchmark for mortgage lending, auto loans and credit card debt - increased more than 4 bps to 4.45%.

The yield on the 2-year Treasury note which closely tracks short-term Federal Reserve interest rate policy, was more than 4 bps higher at 3.98%. The 30-year Treasury bond yield also rose by more than 3 bps to reach 5.02%.

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