While treasuries managed to end the previous session modestly higher following the Federal Reserve's monetary policy announcement, substantial selling pressure emerged during trading on Thursday.
Bond prices moved sharply 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, spiked 13.1 basis points to 4.480 percent.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.