Treasuries showed a significant move to the downside during trading on Friday, giving back ground after moving notably higher over the three previous sessions.
Bond prices came under pressure in morning trading and remained firmly negative throughout the afternoon. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 8.3 basis points to 3.691 percent.
The pullback by treasuries came following the release of a closely watched Labor Department report showing U.S. employment surged by much more than expected in the month of May.
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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.