US 10-year yield hovers near seven-week low, markets miditerm election and nonfarm payrolls
Mumbai, Nov. 2 -- The US Treasury yields were little changed on Monday, with markets eyeing outcome of this week's US midterm elections and monthly nonfarm payrolls data. A slide in crude oil prices is capping upside after recent slide in the yields. The 10-year Treasury yield is quoting at 4.92%, hovering around seven-week low. Federal Reserve Chairman Kevin Warsh refused to give a clear idea about near term interest rate direction though the central bank noted that Inflation remains elevated.
Published by HT Digital Content Services with permission from Capital Market....
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