Mumbai, June 12 -- Treasury yields tumbled on Thursday after President Donald Trump said that he had called off strikes on Iran scheduled for the evening.

The yield on the 10-year Treasury note - the main benchmark for mortgages, auto loans and credit card debt - was more than 8 bps lower at 4.45%.

The yield on the 2-year Treasury note, more sensitive to short-term Federal Reserve interest rate decisions, slipped more than 7 basis points to 4.05%. The 30-year Treasury yield which typically moves the most on geopolitical events, was also more than 7 basis points lower at 4.95%.

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