U.S. government debt prices held higher Thursday following speeches from Federal Reserve officials and strong demand at a Treasury Department auction of seven-year notes.
The yield on the benchmark 10-year Treasury note dipped to 1.829 percent, while the yield on the 30-year Treasury note also slid to 2.643 percent. Two-year yields also fell to trade at 0.867 percent.
The Treasury Department on Thursday sold $28 billion in seven-year notes at a high yield of 1.652 percent. The bid-to-cover ratio, an indicator of demand, was 2.57, in line with the recent average.
Indirect bidders, which include major central banks, were awarded 64.6 percent, versus a recent average of 57 percent. Direct bidders, which include domestic money managers, bought 16.9 percent, compared with a recent average of 14 percent.