Mumbai, Sept. 4 -- The US 10-year Treasury yields fell on Thursday, extending losses from multi-year highs and breaking well under 4.80% mark. Yields had jumped earlier this week, in part due to inflation concerns spurred by rising oil prices as attacks in the U.S.-Iran war restarted. Markets reassessed interest rate outlook yesterday after Federal Reserve Governor Christopher Waller said that he is leaning toward keeping interest rates steady at the central bank's September meeting provided there are no surprises from upcoming inflation data. Waller expressed confidence in the current inflation trends, saying that tariff impacts likely have been muted and higher energy prices haven't had a substantial impact.

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