After coming under pressure early in the session, treasuries showed a notable turnaround over the course of the trading day on Friday.
Bond prices climbed well off their early lows and into positive territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 2.5 basis points at 1.782 percent after reaching a high of 1.848 percent.
The rebound by treasuries came as traders digested a report from the Commerce Department showing core consumer price growth accelerated to a nearly 40-year high in December.
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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.