Mumbai, Aug. 17 -- The 10-year U.S. Treasury note yield rose on Friday after the latest retail sales figures missed expectations and the U.S. said its naval blockade of Iranian ports could continue indefinitely. The 10-year yield - the key benchmark for U.S. government borrowing - rose more than 5 bps to 4.69%.

The 2-year Treasury note yield which more closely tracks short-term Federal Reserve interest rate policy, added 3 bps to 4.17%. The longer-dated 30-year Treasury bond yield advanced nearly 6 bps to 5.26%.

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