Mumbai, June 2 -- The 10-year Treasury yield ticked higher on Monday as tensions ramped up between the U.S. and Iran, further clouding the prospects for a deal to end the conflict.

The yield on the 10-year - the key benchmark for mortgages, auto loans and credit card debt - was up less than 1 basis point at 4.459%. It had risen as high as 4.518% during the day.

The yield on the 2-year Treasury note which often move in reaction to short-term Federal Reserve rate decisions, was more than 2 bps higher at 4.03%. The 30-year bond yield fell more than 1 basis point to 4.97%.

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