Extending the see-saw trend seen over the past few sessions, treasuries came under pressure during trading on Thursday following the advance seen last Friday.
Bond prices moved steadily lower throughout the day, closing firmly in negative territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 4.6 basis points to 4.410 percent.
The weakness among treasuries came amid a renewed surge by the price of crude oil, with U.S. crude oil futures jumping by more than 2 percent.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.