US Treasurys higher as bond investors digest ECB comments

U.S. government debt prices were higher on Friday, as investors continued to digest decisions and comments made by the European Central Bank (ECB) on Thursday.

The yield on the benchmark 10-year Treasury note sat in the red at around 2.238 percent, while the yield on the 30-year Treasury bond was also down at 2.809 percent. Bond yields move inversely to prices.

US 10-YR
US 30-YR

With no major data set to be released on Friday, investors are likely to still be digesting the latest comments from the ECB and its president Mario Draghi, delivered on Thursday.

On Thursday, the central bank held fire on interest rates and asset purchases, amid speculation that the institution would begin to scale back its ultra-loose monetary policy later this year.

"If the outlook becomes less favorable, or if financial conditions become inconsistent with further progress towards a sustained adjustment in the path of inflation, the Governing Council stands ready to increase the program in terms of size and/or duration," the ECB said in its policy announcement.

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Politics continues to rumble on in the background, with investors keeping an eye on news coming out of Washington D.C., in relation to the state of U.S. health care and the Russia-linked scandal.

Meanwhile in the energy space, oil prices took a sharp dive of nearly 3 percent on Friday, wiping out the week's gains after a tanker-tracking firm reported supply from OPEC is rising.

Brent crude traded at around $47.89 a barrel on, down 2.86 percent, while U.S. crude was also lower around $45.61 a barrel, down 2.79 percent.

—CNBC's Karen Gilchrist contributed to this report.

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