After showing a lack of direction for much of the session on Wednesday, treasuries came under pressure following the Federal Reserve's monetary policy announcement.
Bond prices moved sharply lower going into the close of trading. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 6.5 basis points to 1.848 percent.
The late-day weakness among treasuries came after the Fed indicated that it plans to begin raising interest rates "soon," citing elevated inflation and a strong labor market.
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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.