Following the rebound seen over the two previous sessions, treasuries showed a significant move to the downside during trading on Wednesday.
Bond prices saw modest weakness for much of the day but slid more firmly into negative territory going into the close. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 5.7 basis points to 4.259 percent.
The late-day weakness seemed to reflect a negative reaction to Federal Reserve Chair Jerome Powell's comments after the central bank announced its widely expected decision to leave interest rates unchanged.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.