Mumbai, Oct. 30 -- The US treasury yields edged up after the Federal Reserve cut rates for a second time this year but central bank chief Jerome Powell indicated that it is not a certainty that Fed will deliver another rate cut in next meeting December. The benchmark 10-year Treasury yield jumped around 10 basis points to break well above 4% and hit 4.07%. Available indicators suggest that economic activity has been expanding at a moderate pace, Fed noted in its latest monetary policy statement. The yields have shot up to near three-week high following this spike.

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