After moving sharply lower over the two previous sessions, treasuries showed a strong move back to the upside during trading on Friday.
Bond prices surged early in the session and remained firmly positive throughout the day. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, tumbled 10.9 basis points to 3.964 percent.
With the steep drop on the day, the ten-year yield gave back ground after ending Thursday's trading above 4.0 percent for the first time since early last November.
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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.