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Treasurys, bunds rise after ECB cuts interest rates
NEW YORK (MarketWatch) -- U.S. Treasurys and German government prices rose Thursday after the European Central Bank announced a series of easing measures. Among them, the ECB said it would cut its deposit rate to negative 0.10%, in effect charging banks to hold money at the Fed. After the news, the 10-year German bund yield, which falls as prices rise, was down 1 basis point at 1.378%, according to Tradeweb. The 10-year Treasury note yield was down 1.5 basis points at 2.591%, snapping a 5-day streak of yields rising. The 30-year bond yield was down half a basis point at 3.437%, and the 5-year note yield was down 2 basis points at 1.624%.
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