Following the notable pullback seen in the previous session, treasuries saw further downside during trading on Monday.
Bond prices came under pressure early in the trading day and remained firmly negative throughout the session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 4.5 basis points to 3.508 percent.
The continued weakness among treasuries may have partly reflected optimism about an eventual agreement on raising the U.S. debt following comments from Treasury Secretary Janet Yellen.
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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.