After showing a lack of direction for much of the morning, treasuries came under pressure in afternoon trading on Wednesday.
Bond prices climbed well off their worst levels going into the close but still ended the day modestly lower. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, ticked up by 1.4 basis points to 4.542 percent.
The weakness that emerged in the bond market came as President Donald Trump ramped up his threats against Iran following a recent exchange of attacks.
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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.