Yields on U.S. Treasury bonds and European sovereign bonds remained higher on Thursday after the European Central Bank left its benchmark interest rate and bond-buying program unchanged. The yield on the 10-year Treasury rose 1.5 basis point to 2.444%, while the yield on the 10-year German bund, considered the European benchmark, rose 3.3 basis points to 0.389%. The yield on the 10-year Italian bond rose 3.5 basis points to 1.983%. The central bank left its benchmark rate unchanged at 0%. The bank's 80 billion euro ($85 billion) a month bond buying program is set to expire at the end of March, after which the bank will buy $60 billion ($64 billion) a month.
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