After moving sharply higher over the past few sessions, treasuries showed a substantial pullback during trading on Monday.
Bond prices showed a steep drop at the start of trading and saw some further downside as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, surged 14.8 basis points to 3.528 percent.
The sharp pullback by treasuries came as fears of a global banking crisis once again eased following the latest developments in the sector.
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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.