After coming under pressure late in the previous session, treasuries showed another significant move to the downside during trading on Friday.
Bond prices moved notably lower in early trading and remained firmly negative throughout the session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 8.8 basis points at 4.168 percent.
The continued weakness among treasuries came following the release of a Labor Department report showing producer prices climbed by slightly more than expected in the month of July.
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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.