U.S. Treasury prices are falling after the European Central Bank announced plans to buy government debt issued by struggling countries in the region.
The price of the 10-year Treasury note fell 71.9 cents for every $100 invested on Thursday. That pushed the yield, which moves in the opposite direction, up to 1.67 percent from 1.60 percent late Wednesday.
The European Central Bank announced plans to buy the government debt of countries like Spain to lower their borrowing costs. That made an imminent breakup of the 17-nation euro zone less likely. In response, investors sold low-risk assets like U.S. bonds.
The price of the 30-year Treasury fell $1.78 for every $100 invested. The yield rose to 2.80 percent from 2.71 percent.