Mumbai, May 8 -- U.S. Treasury yields turned higher on Thursday as investors focused on the latest developments in the Middle East and their potential impact on the outlook for inflation and interest rates.

The 10-year U.S. Treasury note yield - the key benchmark for mortgage and auto loans and credit card debt - was up more than 3 bps at 4.38%.

The 2-year Treasury note yield, closely linked to short-term Federal Reserve interest rate decisions, gained more than 3 bps to 3.90%. The longer-dated 30-year Treasury bond yield was more than 2 bps higher at 4.96%.

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