Treasuries showed a notable move to the downside during trading on Thursday, giving back ground after moving sharply higher over the course of the previous session.
Bond prices staged a brief recovery attempt after seeing early weakness but pulled back more firmly into the red. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 6.1 basis points to 3.850 percent.
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.