Following the advance seen in the previous session, treasuries moved back to the downside during trading on Friday.
Bond prices came under pressure early in the day and remained firmly negative throughout the session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 3.5 basis points to 4.151 percent.
The pullback by treasuries came as comments from New York Federal Reserve President John Williams party offset the optimism about interest rates generated by yesterday's tamer-than-expected consumer price inflation data.
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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.