US ten-year yield holds just under 4.70% mark
Mumbai, Aug. 4 -- The US treasury yields stayed stable amid firm economic cues though falling crude oil prices capped further upmove. The 10-year US bond yield is consolidating around 4.68%, just below its highest level since January 2025. US stocks edged up yesterday as WTI Crude oil futures tanked around 5% on the US President Donald Trump's promises to refrain from attacking Iran. Meanwhile, activity in the United States' manufacturing sector expanded in July compared to the month prior, the Institute for Supply Management (ISM) said in its report published on Monday. The Manufacturing Purchasing Managers' Index (PMI) stood at 55.6%, growing for the seventh consecutive month. At the same time, the Employment Index advanced 3.1 percenta...
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