Mumbai, June 16 -- The 10-year Treasury yield fell on Monday as the announcement of a preliminary peace agreement between Washington and Tehran shifted investor expectations for inflation and the outlook for interest rates.

The yield on the 10-year U.S. Treasury note - the key benchmark for U.S. government borrowing - fell more than 1 basis point to 4.47%.

The 2-year Treasury note yield which more closely tracks short-term Federal Reserve interest rate policy, was more than 2 bps lower at 4.06%. The longer-dated 30-year Treasury bond yield rose less than 1 basis point to 4.97%.

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