Treasuries turned in a lackluster performance for much of the trading session on Thursday but came under pressure in the latter part of the day.
Bond prices pulled back firmly into negative territory before moving roughly sideways going into the close. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 4.1 basis points to 1.129 percent.
The afternoon weakness among treasuries was partly due to remarks by Federal Reserve Chair Jerome Powell during a virtual event hosted by Princeton University.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.