U.S. government debt prices rose on Thursday as investors digested the release of several pieces of data and a bond sale.
The Treasury Department auctioned $12 billion in 30-year bonds at a high yield of 2.47 percent on Thursday. The bid-to-cover ratio, an indicator of demand, was 2.44.
Indirect bidders, which include major central banks, were awarded 65.4 percent. Direct bidders, which include domestic money managers, bought 6.1 percent, below a recent average of 10 percent.
Prior to the auction, the yield on the benchmark 10-year Treasury note, which moves inversely to its price, sat lower at 1.74 percent, while the yield on the 30-year Treasury bond was also lower at 2.48 percent.
The Treasury's 30-year bonds sale was the third sale this week. On Wednesday, the department sold $20 billion in 10-year notes and $24 billion in three-year notes. Both sales saw around-average demand.