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US Treasurys slip as ECB keeps rates unchanged

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U.S. government debt prices were lower on Thursday as investors eyed developments in Europe, where the latest monetary policy meeting of the European Central Bank (ECB) took place.

The yield on the benchmark 10-year Treasury note sat higher at 1.6145 percent, while the yield on the 30-year Treasury bond was also higher, at 2.3209 percent.

The ECB kept benchmark interest rates unchanged at zero and maintained its quantitative easing program at its current levels.

President Mario Draghi said in a news conference the central bank did not discuss extending its asset purchase program.

U.S. Markets Overview: Treasurys chart

On the data front in the U.S., initial jobless claims fell 4,000 to 259,000, with consumer credit due at 3:00 p.m. ET.

Other data released Thursday included the Energy Information Administration's release of weekly crude inventories, which showed a drawdown of 14.5 million barrels last week.

Oil prices rose sharply after the report, with U.S. crude trading about 4.8 percent higher at $47.70 per barrel.

—CNBC's Arjun Kharpal and Holly Ellyatt contributed to this report