The 10-year U.S. yield has plunged by around 30 bps from its recent highs as market sentiment improved and was last trading around 3.76%. The decline in yields got a push after a softer-than-expected June inflation reading in world's largest economy.Markets are now closely watching Fed Chairman Jerome Powell's tone at the U.S. central bank's July 25-26 meeting. The odds of a 25-bps hike in July remain around 94%, but that of another hike after that have come down sharply
