Mumbai, Aug. 22 -- The US treasuries moved to the downside as traders look ahead to Powell's speech, pushing yields up yesterday. The yield on the benchmark ten-year note, which moves opposite of its price, edged up around 3 basis points to 4.33%. Economic cues were generally lax yesterday. Bond markets also eyed comments from Kansas City Fed President Jeffrey Schmid as he stressed the need for very definitive data before any rate move. WTI Crude oil futures moved near one-week high of around $63.70 per barrel, pushing yields higher after a modest decline in previous session.

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