Mumbai, April 1 -- The 2-year yield dropped more than 2 bps to 3.80% while the 30-year Treasury yield was up more than 1 basis point at 4.91%.

The yield on the 10-year Treasury fell to 4.31% from 4.35% late Monday and from 4.44% at the end of last week. That's a significant move for the bond market. The yield on the 10-year Treasury was at just 3.97% in late February, before worries about high oil prices pushed traders to erase bets for cuts to interest rates by the Federal Reserve this year.

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