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 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.