Mumbai, June 9 -- Treasury yields moved higher on Monday, as investors weighed the impact from Middle East tensions and the diminishing likelihood that the Federal Reserve will lower interest rates anytime soon.

The yield on the 10-year U.S. Treasury note - the key benchmark for mortgages, auto loans and credit card debt - was more than 3 bps higher at 4.56%. The 2-year Treasury note yield which is more sensitive to short-term Federal Reserve interest rate decisions, rose less than 1 basis point to 4.16%.

The longer-dated 30-year Treasury bond yield, which typically reacts to geopolitical risks, was up more than 4 bps at 5.04%.

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