After an early move to the upside, treasuries moved modestly lower over the course of the trading session on Monday.
Bond prices pulled back off their early highs and into negative territory, although selling pressure was somewhat subdued. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by 1.2 basis points to 3.703 percent.
The downturn by treasuries came as traders kept an eye on the latest developments in China, as widespread protests against the Beijing's zero-Covid policy broke out over the weekend.
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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.