Treasuries initially extended the rally seen in the previous session but turned lower over the course of the trading day on Tuesday.
Bond prices pulled back well off their early highs and ended the day moderately lower. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 2.8 basis points to 1.209 percent after hitting a low of 1.128 percent.
The pullback by treasuries may partly have reflected profit taking after the ten-year yield fell to its lowest intraday level in well over five months.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.