U.S. government debt prices were lower on Thursday as investors digested the release of several pieces of data and a bond auction.
Prior to the auction, the yield on the benchmark 10-year Treasury note, which moves inversely to its price, was higher at 1.84 percent, while the yield on the 30-year Treasury bond was also higher, near 2.5973 percent. The benchmark yield also hit 1.87 percent, its highest intraday level since May 31.
Earlier, the yield on the two-year Treasury note briefly hit 0.9 percent in midday trading. It last traded near 0.8759 percent.
The Treasury Department auctioned $28 billion of seven-year notes at a high yield of 1.653 percent, its highest level since January.
The bid-to-cover ratio, an indicator of demand, was 2.49, in-line with its recent average.
Indirect bidders, which include major central banks, were awarded 61.5 percent, slightly above a recent average of 61 percent. Direct bidders, which include domestic money managers, bought 13.2 percent, also above a recent average of 13 percent.