Treasuries initially extended the strong upward move seen over the two previous sessions but gave back ground over the course of the trading day on Friday.
Bond prices pulled back well off their best levels but managed to close modestly higher. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 2.6 basis points to 3.380 percent after hitting a six-month intraday low of 3.295 percent.
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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.