After showing a lack of direction for much of the trading day on Wednesday, treasuries came under pressure following the Federal Reserve's monetary policy announcement.
Bond prices saw considerable volatility late in the day but closed firmly in negative territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 3.5 basis points to 4.463 percent.
The late-day weakness among treasuries came after the Fed announced its widely expected decision to leave interest rates unchanged for the fourth straight meeting.
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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.