Mumbai, July 24 -- U.S. Treasury yields advanced on Thursday as Brent crude oil's climb above $100 per barrel raised inflation fears and as weekly claims for unemployment insurance tumbled below 200,000.

The yield on the 10-year U.S. Treasury note - the key benchmark for mortgage and auto loans and credit card debt - was last seen up more than 4 basis points at 4.69%. It earlier rose above 4.7%, hitting the highest level since 15 January, 2025, before the start of President Donald Trump's second term.

The 2-year Treasury note yield which more closely tracks short-term Federal Reserve interest rate policy, rose more than 5 bps to 4.35%. The longer-dated 30-year Treasury bond yield was higher by 2 bps, reaching 5.16%.

Published by HT Dig...