U.S. government debt prices rose on Thursday, holding higher despite a reversal in oil prices.
Meanwhile, the close of a planned Treasury Department auction of $28 billion in seven-year notes got delayed until Friday due to a "technical issue," the Treasury said. The noncompetitive and competitive portions of the sale are set to close at 11 a.m. and 11:30 a.m. ET, respectively.
The Treasury said bids that were already submitted would stand. The delay would likely cause few disruptions, except for those making short-term bets around the auction itself, traders said.
"This is atypical but it's happened once every few years," said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott.
An unrelated Federal Reserve purchase of mortgage-backed securities was also rescheduled this week following a technical glitch.