Treasury Yields Hold Steady on Tuesday Amid Middle East Tensions and Upcoming Inflation Data
Mumbai, Aug. 12 -- Treasury yields were little changed on Tuesday as investors monitored tensions in the Middle East and looked ahead to inflation data due later in the week.
The yield on the 10-year Treasury note - the main benchmark for mortgages, auto loans and credit card debt - fell less than 1 basis point to 4.69%.
The 2-year Treasury note yield which typically tracks short-term Federal Reserve interest rate decisions, was down by more than 1 basis point at 4.22%. The 30-year Treasury yield which is typically more sensitive to geopolitical events, slid less than 1 basis point to 5.24%.
Published by HT Digital Content Services with permission from Capital Market....
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