NEW YORK (CNNMoney.com) -- Treasurys were mixed Thursday after the U.S. government sold $16 billion in long-term bonds and European finance ministers signaled some support for debt-stricken Greece.
What prices are doing: The newly auctioned 30-year bond was priced at 98-15/32 and had a median yield of 4.64%. Its yield, which rises when prices fall, was 4.69% shortly after the auction.
The benchmark 10-year note fell 12/32 to 99-2/32. Its yield rose to 3.74% from a median yield of 3.64% at Wednesday's auction.
The 2-year note was unchanged at 99-31/32. Its yield was 0.89%.
What's moving the market: Investors submitted bids totaling nearly $38 billion for the $16 billion worth of 30-year bonds sold Thursday.
The bid-to-cover ratio, a measure of demand, was 2.36. That's down from 2.68 at the previous auction in January. Indirect bidders, a category that includes foreign central banks, bought about 28% of the bonds sold.
The government sold $25 billion worth of 10-year notes Wednesday and $40 billion of 3-year notes Tuesday. The auctions, totaling $81 billion, are part of the government's quarterly refunding.
Meanwhile, European leaders have reached a deal to help debt-ridden Greece avoid defaulting on its debt, although details were not expected to be finalized until next week.
Concerns about the European debt situation have weighed on global financial markets for weeks, fueling demand for safe haven assets such as Treasurys.
What analysts are saying: Kevin Giddis, director of fixed income at Morgan Keegan, said in a research report that Treasurys prices were trading lower in response to the proposed plan to aid Greece.
"This action has led to an unwinding of the flight to quality trade of recent weeks," he said. 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.88% | |
| 15 yr fixed | 3.20% | 3.23% | |
| 5/1 ARM | 3.84% | 3.88% | |
| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 32,627.97 | -234.33 | -0.71% |
| Nasdaq | 13,215.24 | 99.07 | 0.76% |
| S&P 500 | 3,913.10 | -2.36 | -0.06% |
| Treasuries | 1.73 | 0.00 | 0.12% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 8.29 | 0.05 | 0.61% |
| Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
| Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
| General Electric Co | 13.00 | -0.16 | -1.22% |
| Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
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