U.S. Treasuries End Lower After Recovering From Early Selloff

U.S. Treasury prices fell on Monday, June 1, 2026, pushing yields higher, despite a recovery from an early slump. The benchmark 10-year yield rose 3 basis points to 4.28%, after touching an intraday high of 4.35% during the session. Shorter-dated maturities also declined, with the 2-year yield adding 2 basis points to 4.12%. The early selloff was fueled by stronger-than-expected ISM manufacturing data, which bolstered bets that the Federal Reserve would maintain elevated interest rates. Buying later in the day, driven by safe-haven demand amid renewed geopolitical tensions, pared losses but failed to lift prices into positive territory. The 30-year bond yield edged up 1 basis point to 4.40%.