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9/12, 3:55 PM (Source: TeleTrader)
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Treasury yields lower after ECB relaunches QE

Yields on United States government debt fell on Thursday after the European Central Bank reintroduced quantitative easing in an effort to stimulate the economy. The ECB also cut its deposit rate by 10 basis points.

The yield on the benchmark 10-year Treasury note fell 1.2 basis points to 1.675% at 9:45 am ET. Meanwhile, the 2-year note yield declined 2.8 basis points to 1.717% as the yield on 30-year debt was also lower at 2.194%.

Ten-year T-note futures rose 0.11% at 9:53 am ET, while 30-year Treasury bond futures advanced 0.31%.

Breaking the News / JC