Treasuries showed a substantial move to the downside during trading on Tuesday, adding to the modest drop seen in the previous session.
Bond prices fell sharply early in the session and remained firmly negative throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 12.1 basis points to 1.872 percent.
The steep drop by treasuries came as traders worried surging energy prices will lead to higher inflation, encouraging the Federal Reserve to more aggressively raise interest rates.
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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.