Traders returned to the Treasury market Wednesday after the government closed its third auction of the week and a hiring report came in within expectations.
The price on the 10-year Treasury note rose 37 cents per $100 invested in late trading. Its yield, which moves in the opposite direction, fell to 3.45 percent from 3.49 percent late Tuesday.
Demand for seven-year notes was fair in the Treasury's $29 billion auction Wednesday. That follows a decent $35 billion auction of five-year notes Tuesday and a weak $35 billion sale of two-year notes Monday.
The Treasury Department paid a yield of 2.90 percent compared with 2.85 percent it paid for the previous seven-year note auction last month. Investors placed bids for 2.79 times the amount offered, lower than the 2.86 ratio at the prior auction.
The seven-year note's yield was 2.85 percent in late trading Wednesday.
A national employment report from Automatic Data Processing Inc. showed that the private sector added 201,000 jobs in March, which fell within estimates. Some feared a jump in employment would persuade investors to seek riskier assets.
In other trading, the 30-year bond rose 63 cents per $100 invested, while its yield fell to 4.51 percent from 4.54 percent. The yield on the two-year note slipped to 0.80 percent from 0.82 percent.
The yield on the three-month T-bill was unchanged at 0.09 percent. Its discount was 0.10 percent.