Mumbai, May 25 -- U.S. Treasury yields were mixed on Friday as Kevin Warsh took the reins at the Federal Reserve. The volatility followed a week that had earlier seen borrowing costs rise to multi-year highs in response to renewed concerns about inflation.

The yield on the 10-year U.S. Treasury note - the key benchmark for U.S. government borrowing - last fell more than 2 bps to 4.55%.

The 2-year Treasury note yield which more closely tracks short-term Federal Reserve interest rate policy, traded up more than 3 bps to 4.12%. The longer-dated 30-year Treasury bond yield fell more than 4 bps to 5.06%.

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