After surging early in the session, treasuries gave back ground over the course of the trading day on Monday but managed to close modestly higher.
Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dipped 1.8 basis points to 4.469 percent after hitting a low of 4.441 percent.
The early rally by treasuries came following news the U.S. and Iran have reached an agreement to end more than three months of war.
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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.