Mumbai, Aug. 26 -- The US treasuries gave back ground after moving sharply higher on Friday. Market remained focused on geopolitical scenario and the yield on the benchmark ten-year note, which moves opposite of its price, edged up marginally to 4.27%. A sustained spike in WTI Crude oil futures which hit near three-week high also kept yields on an upward trajectory. The market is now focusing on Friday's data on July PCE inflation-the Fed's preferred measure of inflation.

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