After moving notably lower over the course of the previous session, treasuries showed a lack of direction during trading on Tuesday.
Bond prices spent the day bouncing back and forth across the unchanged line before closing nearly unchanged. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by less than a basis point to 1.499 percent.
The choppy trading came as traders were reluctant to make significant moves ahead of the Federal Reserve's monetary policy announcement.
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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.