U.S. government debt prices held lower on Thursday after the Treasury Department auctioned $13 billion in 30-year bonds at a high yield of 2.978 percent.
Yields, which move inversely to prices, had climbed earlier in the day as investors monitored oil prices and awaited the sale.
For the auction, the bid-to-cover ratio, an indicator of demand, was 2.42. Indirect bidders, which include major central banks, were awarded 63.9 percent, above a recent average of 54 percent. Direct bidders, which include domestic money managers, bought 10.4 percent, versus a recent average of 11 percent.
The yield on the benchmark 10-year Treasury note sat higher, at around 2.2349 percent, after closing at 2.208 percent.
The yield on the 30-year Treasury bond was also higher, at 2.2706 percent, after closing at 2.961 percent. Thursday will see $13 billion of 30-year bonds auctioned.