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Treasury Dept auctions $15B of 30-year notes at a high yield of 2.274%

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How low can bond yields go?

The Treasury Department auctioned $15 billion in 30-year notes at a high yield of 2.274 percent on Thursday.

The bid-to-cover ratio, an indicator of demand, was 2.24 - the lowest since May, according to Reuters.

Indirect bidders, which include major central banks, were awarded 61.5 percent, slightly above a recent average of 61 percent.

Direct bidders, which includes domestic money managers, bought 10.9 percent.

The yield on the 10-year Treasury Notes sat slightly higher at 1.5550 after the note sale. The yield on the benchmark 30-year sat at 2.2677 percent. Yields move inversely to bond prices.

U.S. Markets Overview: Treasurys chart

On the data front, U.S. import prices rose 0.1 percent last month, while weekly jobless claims fell 1,000 to 266,000. Thursday will also see the auction of $15 billion in 30-year bonds.

In oil markets, Brent crude traded at $45.90 a barrel on Thursday, about flat, while U.S. crude was at $43.45 a barrel.