After moving notably higher over the two previous sessions, treasuries gave back some ground during trading on Friday.
Bond prices moved to the downside in early trading and remained in negative territory throughout the day. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 4.1 basis points to 3.769 percent.
The pullback by treasuries may have reflected concerns about the outlook for interest rates after the Federal Reserve signaled on Wednesday that it plans to continue raising rates later this year.
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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.