Treasuries moved sharply higher during trading on Monday, regaining some ground following the steep drop seen over the two previous sessions.
Bond prices surged early in the session and remained firmly positive throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, plunged 9.8 basis points to 4.342 percent.
The rally by treasuries seemed to reflect bargain hunting, as some traders look to pick up bonds at reduced levels following recent weakness.
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Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.