Mumbai, May 21 -- The longer-dated 30-year Treasury bond yield dropped more than 6 basis points at 5.116%. That comes a day after the yield briefly advanced to 5.19%, its highest level since July 2007.

The 10-year Treasury yield - the main benchmark for mortgages, auto loans and credit card debt - tumbled more than 9 basis points to 4.57%. During Tuesday's session, it reached its highest level since January 2025 at 4.68%.

Yields on the 2-year Treasury note which are more sensitive to calls on short-term Federal Reserve interest rate moves, slipped by more than 7 bps to 4.04%.

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