Mumbai, June 17 -- U.S. Treasury yields fell on Tuesday as the Federal Reserve's two-day policy meeting kicked off and expectations for inflation and interest rate hikes continued to ease.

The yield on the 10-year U.S. Treasury note - the key benchmark for U.S. government borrowing - declined more than 3 bps to 4.43%.

The 2-year Treasury note yield which more closely tracks short-term Federal Reserve interest rate policy, was less than 1 basis point lower at 4.05%. The longer-dated 30-year Treasury bond yield dropped more than 3 bps to 4.93%.

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