U.S. sells 7-yr debt at record-low yield; bonds up

NEW YORK (MarketWatch)
The Treasury Department sold $29 billion in 7-year notes on Thursday at a yield of 1.347%, the lowest level on record
Bidders have offered to buy 2.83 times the amount of debt sold, compared to an average of 2.81 times at the last four auctions of 7-year notes, according to CRT Capital Group
Indirect bidders, a group which includes foreign central banks, bought 38.2%, compared with 39.6%, on average
Direct bidders, a group which includes domestic money managers, purchased another 17.6% versus an average of 14.3%
After the auction, the last of the week, the broader bond market held onto gains
Yields on 10-year notes which move inversely to prices, fell 4 basis points to 1.95%.