Treasuries moved sharply lower during trading on Friday, more than offsetting the strength seen in the previous session.
Bond prices tumbled early in the session and remained firmly negative throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price surged 5.9 basis points to 4.536 percent.
The significant weakness among treasuries came following the release of much stronger than expected U.S. jobs data, which raised concerns about the outlook for interest rates.
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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.