After showing a strong move to the upside at the start of trading on Tuesday, treasuries saw a significant downturn over the course of the session.
Bond prices pulled back well off their early highs and into negative territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, inched up 1.6 basis points to 4.558 percent after hitting a low of 4.483 percent.
With the modest increase on the day, the ten-year yield once again reached its highest closing level since October 2007.
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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.