Mumbai, Sept. 18 -- US 10-year Treasury yields retreated from a multi-year high of 5.04% towards 4.94% as crude oil prices corrected and some moderation emerged following recent spike in yields. Overall, yields have been elevated this month, starting September around 4.70% mark. Inflationary worries are a key element for bond markets. The US Fed raised its benchmark interest rate by 25 basis points to a target range of 3.75%-4% on Wednesday, marking its first increase since July 2023. Fed Chairman Kevin Warsh said during a press conference that inflation has been too high for too long, hinting further rate hikes.

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