After seeing modest strength for much of the session, treasuries rallied in the latter part of the trading day on Thursday.
Bond prices surged to upside in early afternoon trading before ending the day sharply higher. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, tumbled 7.9 basis points to 4.463 percent.
The late-day rally by treasuries came as crude oil prices plunged after President Donald Trump called off previously announced attacks against Iran.
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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.