U.S. sovereign bond prices fell in choppy trading Thursday after the European Central Bank left interest rates unchanged and as U.S. stocks held on to gains.
The U.S. 10-year yield climbed to 2.0041 percent, after closing at 1.982 percent on Wednesday. Meanwhile, longer-dated 30-year bonds yields ticked higher to 2.7849 percent after finishing at 2.736 percent in the previous session.
Investors also digested remarks made by ECB President Mario Draghi, in which he said he expects rates to remain at current or lower levels for a long period of time.
Draghi also said that downside risks have risen once more, and that the central bank may need to reconsider its monetary policy stance at its next meeting.