Treasuries showed a substantial move to the upside during trading on Thursday, extending the notable advance seen in the previous session.
After an initial jump, bond prices saw further upside as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, tumbled by 12.1 basis points to 2.972 percent.
The ten-year yield added to the 11.3 basis point drop seen on Wednesday, closing below 3 percent for the first time in almost a month.
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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.