Mumbai, April 21 -- U.S. Treasury yields were relatively unchanged on Monday after a weekend that saw the Strait of Hormuz reopened and subsequently closed by Iran, with the two-week ceasefire set to expire on Tuesday. The yield on the 10-year U.S. Treasury note - the key benchmark for U.S. government borrowing - rose more than 1 basis point to 4.25%.

The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, was more than 2 bps higher at 3.72%. The longer-dated 30-year Treasury bond yield was up less than a basis point at 4.88%.

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