After fluctuating early in the session, treasuries moved to the upside over the course of the trading day on Wednesday.
Bond prices pulled back off their best levels going into the close but remained in positive territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 3.4 basis points to 1.766 percent.
The advance by treasuries came following the release of a report from payroll processor ADP unexpectedly showing a sharp pullback in U.S. private sector employment in the month of January.
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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.