Treasuries recovered from yesterday's late-day weakness early in the session on Thursday but gave back ground over the course of the trading day.
Bond prices pulled back well off their best levels of the day but still managed to close modestly higher. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dipped 1.2 basis points to 4.451 percent.
Treasuries initially benefited from a positive reaction to news the U.S. and Iran have officially signed a preliminary agreement to end the Middle East 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.