Mumbai, July 10 -- Treasuries fell on Thursday after the previous session's yield spike as traders weighed new economic data and sought to look beyond the renewed hostilities in the Middle East.

The key 10-year U.S. Treasury note yield - the main benchmark for mortgage borrowing, auto loans and credit card debt - was down more than 2 bps at 4.54%. The 2-year Treasury note yield which is typically more sensitive to short-term Federal Reserve interest rate decisions was down more than 3 bps at 4.17%.

The longer-dated 30-year Treasury bond yield which moves in line with broader geopolitical risks, dipped slightly but held above the key 5% level at 5.05%.

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