Treasuries managed to recover from early weakness and end Wednesday's trading roughly flat but moved back to the downside during trading on Thursday.
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, climbed 7.6 basis points to 3.799 percent.
The weakness among treasuries came as traders continued to express concerns about the outlook for interest rates amid Federal Reserve Chair Jerome Powell's second day of testimony on Capitol Hill.
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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.