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Treasury Dept auctions $28 billion of 7-year notes at a high yield of 1.340%

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The Treasury Department auctioned $28 billion in 7-year notes at a yield of 1.340 percent on Thursday.

The yield on the 7-year Treasury notes last sat higher at 1.3418 percent after the note sale.

The yield on the benchmark 10-year Treasury note, which moves inversely to its price, sat higher at around 1.5097 percent, while the yield on the 30-year Treasury bond also sat higher at 2.2291 percent.

The bid-to-cover ratio, an indicator of demand, was 2.51, which met a recent average of 2.51.

Indirect bidders, which include major central banks, were awarded 65.5 percent, above a recent average of 60 percent. Direct bidders, which includes domestic money managers, bought 7.7 percent, well below a recent average of 14 percent.

The U.S. Federal Reserve left rates unchanged Thursday, as expected by investors. But Fed officials noted a strengthening labor market, which could signal a rate hike later in the year.

The yield on the benchmark 10-year Treasury note fell after the meeting, and settled at 1.52. The 2-year note, which is highly sensitive to potential policy changes, settled at 0.73 compared to 0.734 before the Fed's meeting.

U.S. Markets Overview: Treasurys chart

In the second quarter of this year, the homeownership rate fell to 62.9 percent, not seasonally adjusted, which is the same as it was in 1965, when the U.S. Census started tracking the metric.

-CNBC's Diana Olick contributed to this report.