Treasury yields fell Thursday, along with its European peers, after the European Central Bank launched fresh stimulus measures, said it was unlikely to increase rates through the end of 2019 and downgraded its forecast for economic growth.
The 10-year Treasury note yield TMUBMUSD10Y, -1.14% slipped 2.6 basis points to 2.666%. The 30-year bond yield TMUBMUSD30Y, -0.63% also fell 2.2 basis points to 3.048%, while the 2-year note yield TMUBMUSD02Y, -1.29% shed 3 basis points to 2.490%. Bond prices move in the opposite direction of yields.
The 10-year German government bond yield TMBMKDE-10Y, -25.82% was down 2 basis points to 0.108%, while the 10-year Italian bond yield TMBMKIT-10Y, -3.71% fell 8.8 basis points to 2.534%, Tradeweb data show.
