Treasuries plummeted during trading on Friday, extending the downward move seen over the two previous sessions.
Bond prices moved sharply lower in morning trading and remained firmly negative throughout the afternoon. Subsequently, the yield on the benchmark ten-year note, which moved opposite of its price, soared 11.0 basis points to 4.391 percent.
With the substantial increase, the ten-year yield skyrocketed to its highest closing level since late July 2025.
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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.