Mumbai, Oct. 5 -- The US Treasury yields are holding just under their two-decade high as markets eyed latest labour market data and a soft undertone in crude prices capped upside in yields. US yields have zoomed higher recently sparking concerns about a potential debt spiral. While borrowing costs are rising, factors like economic resilience and Federal Reserve policies also drive yields higher. However, the 10-year Treasury yield turned slightly lower after approaching 5.30%-mark last week and currently hovers around 5.25%. Data released Friday showed the US nonfarm payrolls rose by just 29,000 in September, marking its lowest rise in 2026. The US unemployment rate also climbed to 4.2% - hitting three-month high.

Published by HT Digital...