Mumbai, May 7 -- U.S. Treasury yields fell sharply on Wednesday as hopes of an end in the two-month-long war in the Middle East sent energy prices lower.

The yield on 10-year U.S. Treasury - the benchmark for government borrowing moved more than 6 bps lower to 4.35%.

Shorter and longer-dated yields also ticked lower. The yield on the 2-year Treasury

note which more closely tracks short-term Federal Reserve rate moves was also down more than 6 bps at 3.87%. The 30-year Treasury yield meanwhile dropped more than 4 bps to 4.93%.

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