Mumbai, April 8 -- In the bond market, Treasury yields eased on word of a potential cease-fire. The yield on the 10-year Treasury fell to 4.24% from 4.30% earlier Tuesday. That's still well above its 3.97% level from before the war and the rise has pushed up rates for mortgages and other loans going to U.S. households and businesses which slows the economy.

The yield on the 2-year Treasury note even more sensitive to short-term Federal Reserve rate decisions was down by more than 4 bps at 3.80%.

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