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- Treasury yields struggled for direction Thursday as traders digested remarks by European Central Bank President Mario Draghi
Treasury yields struggled for direction Thursday as traders digested remarks by European Central Bank President Mario Draghi
The U.S 10-year Treasury note yield was up 0.4 basis point to 2.911%, while the 2-year note yield was down 1.2 basis points to 2.760%. The 30-year bond yield advanced 1.6 basis points to 3.163%. Bond prices move in the opposite direction of yields.
The European Central Bank affirmed it will end bond purchases this year, promising not to raise rates until at least through the summer of next year. The central bank also said it would keep reinvesting the proceeds from the maturing securities in its portfolio for an extended duration after the central bank starts raising rates.
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