India, Nov. 5 -- US Treasury yields fell across most maturities on Thursday as investors assessed the outcome of the US midterm elections and awaited fresh employment data. The yield on the benchmark 10-year US Treasury note fell by around 3 basis points to 4.865% at 4:11 am ET on Thursday.

The 30-year Treasury yield also declined by 3 basis points to 5.245%, while the 2-year Treasury yield remained almost unchanged at 4.581%.

A basis point is equal to 0.01 percentage point, or one-hundredth of 1%. Treasury yields and bond prices move in opposite directions. This means bond prices rise when yields fall and decline when yields increase, according to CNBC.

The latest movement came as investors continued to assess the US midterm election ...