Mumbai, May 28 -- Treasury yields inched lower on Wednesday as investor optimism over a potential settlement to the war in Iran was undented by pressure on the fragile ceasefire between Washington and Tehran.

The yield on the 10-year U.S. Treasury note - the key benchmark for U.S. government borrowing - fell 1 basis point to 4.48%.

The 2-year Treasury note yield, which closely tracks short-term Federal Reserve interest rate policy, also dropped more than a basis point to 4.03%. The longer-dated 30-year Treasury bond yield also declined more than a basis point to 5.01%.

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