Mumbai, Feb. 27 -- The US Treasuries rallied pushing the benchmark 10-year note yield down as investors awaited wholesale inflation data amid economic uncertainty. Treasuries moved higher, more than offsetting the weakness seen in the previous session. The yield on the benchmark ten-year note which moves opposite of its price, fell 3.1 bps to a nearly three-month closing low of 4.01%. US Treasury yields fell on Thursday as investors awaited a wholesale inflation reading and weighed the state of the US economy. The 2-year Treasury note yield was lower by more than 3 bps at 3.43%.

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