By Ben Eisen
NEW YORK (MarketWatch) -- Treasurys weakened Thursday after the European Central Bank announced a 25 basis point cut to its benchmark interest rate to 0.50%, a move that was largely expected by the Treasury market. The 10-year Treasury note 10_YEAR +0.92% yield was up 1 basis point on the day to 1.644% while the 30-year bond 30_YEAR +0.60% yield was also up 1 basis point on the day to 2.843%, and the 5-year note 5_YEAR +1.22% was up a tenth of a basis point at 0.658%.
