Mumbai, May 20 -- US bond yields stayed elevated yesterday. The yield on the 30-year US Treasury bond hit 5.18% on Tuesday, reaching its highest level since the eve of the 2007 global financial crisis. Yields are holding higher amid choppy equities and worries over stubborn inflation, surging crude prices and expanding US government budget deficits. The 10-year Treasury yield tested around 4.65%, its highest level in over a year. Bond market is now keenly waiting for minutes of April monetary policy meeting of the Federal Reserve to get an idea about the interest rate trajectory in near term.

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