After moving sharply higher over the course of the two previous sessions, treasuries gave back ground during trading on Friday.
Bond prices came under pressure in early trading and saw further downside as the day progressed. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 6.6 basis points to 3.463 percent.
Renewed concerns about the outlook for interest rates weighed on treasuries following the release of a report from the University of Michigan showing an increase in long-term inflation expectations.
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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.