Treasury prices were mostly unchanged overnight as the waiting game continues on a new Greek debt deal.  However, treasuries began to move lower after the ECB announce that it was keeping its benchmark rate at 1%. 

Today's economic calendar is fairly benign with the weekly jobless claims report producing mixed results.  Initial claims unexpectedly dropped to 358k (367k previously) but continuing claims increased slightly more than expected to  3.515M vs expectations of 3.5M.   Later this morning the calendar concludes with the Dec wholesale inventories report. 

Currently, the 10yr yield is at 2.036% (1.998% Wednesday) and the 2-10 yield spread is at 178bps, 5bps steeper since yesterday morning.