After moving sharply higher over the past several sessions, treasuries gave back some ground during trading on Friday.
Bond prices moved mostly lower 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 5.8 basis points to 3.819 percent.
The pullback by treasuries partly reflected profit-taking following the recent surge on the heels of encouraging inflation data.
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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.