Mirroring the performance in the previous session, treasuries saw early strength on Wednesday but pulled back sharply over the course of the session.
Bond prices showed a substantial downturn as the day progressed, slumping firmly into negative territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 6.8 basis points at 4.626 percent after hitting a low of 4.491 percent.
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Market Analysis
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.