Treasuries extended a recent downward trend during trading on Thursday, with inflation concerns continuing to weigh on the bond market.
Bond prices regained ground after coming under pressure in early trading but remained in negative territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose 3.4 basis points to 3.843 percent.
With the continued increase on the day, the ten-year yield reached its highest closing level in well over a month.
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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.