U.S. government debt prices were up slightly from their late Wednesday levels on Thursday after U.S. initial jobless claims data largely matched expected readings.
The Treasury Department auctioned $28 billion in 7-year notes at a high yield of 2.284 percent.
The bid-to-cover ratio, an indicator of demand, was 2.54, above a recent average of 2.51. Indirect bidders, which include major central banks, were awarded 64 percent, also above average. Direct bidders, which includes domestic money managers, bought 19 percent, well above a recent average of 12 percent and the best since August of 2014.
After the auction, the yield on the benchmark 10-year Treasury note fell below session lows to 2.462 percent, its lowest level in more than two weeks. The 10-year note yield eventually rose to 2.474. The yield on the 30-year Treasury bond was also down at 3.08 percent. Bond yields move inversely to prices.