Mumbai, Aug. 20 -- US Treasury yields dropped on Tuesday as investors awaited the Federal Reserve July meeting minutes and its annual Jackson Hole symposium later in the week. The benchmark 10-year note yield dipped 3.5 basis points to 4.30%. In a key update for the bond markets, S&P Global maintained its 'AA+' credit rating on the U.S. as the increase in revenue from higher tariffs is expected to offset weaker fiscal outcomes. The outlook on the ratings remained stable. Falling crude oil prices also weighed on the sentiments. WTI Crude Oil futures fell to over two-month low near $62 per barrel. The US yields have eased from a three-week high.

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