NEW YORK (AP) -- Treasury prices are little changed after the government raised $29 billion from investors.
In the last of three auctions this week, the Treasury sold seven-year notes at a yield of 1.41 percent Thursday. That's slightly lower than the four-month average of 1.49 percent. Buyers placed bids for 3.11 times the amount offered, the strongest show of demand for seven-year notes since November.
Bond buyers have been willing to lend to the U.S. government at ultra-low rates because they consider the Treasury market one of the world's safest places to park money. The yield on the seven-year note was trading above 2.45 percent eight months ago.
The price of the 10-year Treasury note is up 6.25 cents for every $100. The yield slipped to 1.99 percent from 2.00 percent late Wednesday.
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