After turning lower over the course of morning trading, treasuries showed a substantial move back to the upside following remarks by Federal Reserve Chair Jerome Powell.
Bond prices moved sharply higher in late-day trading, closing firmly positive. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, slid 4.5 basis points to 3.703 percent after reaching a high 3.798 percent.
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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.