Mumbai, May 29 -- Treasury yields edged lower again Thursday after a report that U.S. and Iranian negotiators agreed to extend a ceasefire drove oil prices lower, even as new U.S. data reflected persistent inflation.

The yield on the 10-year U.S. Treasury note - the main benchmark for mortgages, auto loans and credit card debt - dipped almost 3 bps to 4.45 %.

The 2-year Treasury note yield, most sensitive to short-term Federal Reserve interest rate decisions, fell nearly 1 basis point to 4.025%. The longer-dated 30-year Treasury bond yield which typically reacts most to geopolitical risks, dropped 3 bps to 4.98%.

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