NEW YORK Feb 7 Prices for U.S. Treasuries pared
losses to trade higher on Thursday, as investors found comments
from European Central Bank head Mario Draghi less hawkish than
Prices for 30-year bonds last traded up 6/32 to
yield 3.162 percent. Benchmark 10-year notes last
traded 3/32 higher to yield 1.953 percent.
Both those Treasuries had been lower earlier in the day.
Given a relatively good run in Europe recently, people "were
expecting a little more hawkishness than they received from the
head of the ECB," said Ian Lyngen, senior government bond
strategist at CRT Capital LLC in Stamford, Connecticut.