Mumbai, Aug. 6 -- U.S. Treasury yields held steady on Wednesday as traders mulled over the outlook for interest rates and weighed a weaker-than-expected jobs reading from payrolls processing firm ADP.

The 10-year U.S. Treasury note yield - the main benchmark for mortgages, auto loans and credit card debt - was more than 1 basis point lower at 4.6%.

The longer-dated 30-year Treasury bond yield which is more sensitive to geopolitical risks, fell 2 bps to 5.16%. The 2-year Treasury note yield which tends to react in line with short-term Federal Reserve interest rate decisions, was down more than 1 basis point at 4.17%.

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