U.S. sells 7-yr debt at 1.203%; bonds stay down

NEW YORK (MarketWatch)
The Treasury Department sold $29 billion in 7-year notes on Thursday at a record-low yield of 1.203%
Bidders offered to buy 2.8 times the amount of debt sold, compared to an average of 2.85 times at the last four auctions of the securities, according to CRT Capital Group
Indirect bidders, a group including foreign central banks, bought 42.7%, compared with 38.7% on average
Direct bidders, a class which includes domestic money managers, purchased another 15.7%, versus an average of 15.5%