After trending higher over the past few sessions, treasuries gave back some ground during the trading day on Friday.
Treasuries rebounded after an initial drop but remained firmly in negative territory throughout the session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 3.4 basis points to 1.666 percent.
The initial weakness among treasuries came amid concerns about inflation after the Labor Department released a report showing producer prices in the U.S. jumped by much more than expected in the month of March.
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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.