Following the rally seen going into the close of the previous session, treasuries showed another strong move to the upside during trading on Thursday.
Bond prices moved sharply higher in early trading and saw continued strength as the day progressed. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, plunged 17.4 basis points to 3.529 percent.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.