Following the rally seen in the previous session, treasuries showed a notable move back to the downside in early trading on Friday.
Bond prices regained ground following the early slump but still ended the day lower. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose 2.4 basis points to 4.487 percent after reaching a high of 4.507 percent.
The early pullback by treasuries came amid uncertainty about the situation in the Middle East amid conflicting comments from President Donald Trump.
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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.