U.S. government debt prices fell on Friday as oil prices wavered and stocks struggled for gains.
The Treasury Department on Friday auctioned $28 billion in seven-year notes at a high yield of 1.568 percent. The bid-to-cover ratio, an indicator of demand, was 2.25, versus a recent average of 2.51.
Indirect bidders, which include major central banks, were awarded 53.5 percent. Direct bidders, which includes domestic money managers, bought 14.2 percent.
The auction, originally scheduled for Thursday, was postponed due to a "technical issue." That glitch appears to have costs the Treasury about 10 basis points, according to Thomas Simons, an economist at Jefferies and Company.