After ending the previous session modestly higher, treasuries moved back to the downside during trading on Friday.
Bond prices regained some ground after coming under pressure early in the session but remained in negative territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose 4.4 basis points to 2.957 percent after reaching a high of 2.986 percent.
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.