U.S. government debt prices were higher on Thursday as investors digested the 7-year note auction.
The Treasury Department auctioned $28 billion in 7-year notes at a high yield of 2.197 percent. The bid-to-cover ratio, an indicator of demand, was 2.49.
Indirect bidders, which include major central banks, were awarded 63.8 percent. Direct bidders, which includes domestic money managers, bought 11.4 percent.
The yield on the 7-year note was lower at around 2.184 percent after the auction.
The yield on the benchmark 10-year Treasury note was lower at around 2.381 percent, while the yield on the 30-year Treasury bond was also lower at 3.019 percent. Yields move inversely to prices.