After ending the previous session firmly positive, treasuries showed a substantial move back to the downside during trading on Friday.
Bond prices moved sharply lower in early trading and remained firmly negative throughout the session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, surged 16.4 basis points to 2.840 percent.
The sell-off by treasuries came following the release of the Labor Department's closely watched monthly jobs report.
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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.