U.S. government debt prices were mixed on Thursday after the European Central Bank kept interest rates unchanged, as investors digested last night's third and final presidential debate.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, sat slightly higher near 1.75 percent, while the yield on the 30-year Treasury bond was lower, at 2.50 percent. The yields on the 5-year Treasury note and the 2-year Treasury note rose, however.
The decision to keep policy unchanged was expected by nearly all 71 analysts polled by Reuters, even as the vast majority of them still expect the ECB to extend the bond buying program when the Governing Council next meets in December.
Facing high unemployment, weak growth and ultra low inflation, the ECB has provided extraordinary stimulus in recent years, cutting interest rates deep into negative territory and pushing the cost of credit to all-time lows, hoping to jump start growth.