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 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.