After initially extending yesterday's strong upward move, treasuries came under pressure over the course of the trading session on Thursday.
Bond prices pulled back well off their highs of the session and into negative territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 9.3 basis points to 3.585 percent after hitting a low of 3.369 percent.
The pullback by treasuries came as stocks on Wall Street showed a significant rebound after seeing early weakness.
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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.