U.S. Treasury Auctions $44B Seven-Year Notes at 4.473% Yield, Up 21 Basis Points

The U.S. Treasury auctioned $44 billion in seven-year notes at a yield of 4.473%, up 21 basis points from the previous auction on June 25 (4.260%). The bid-to-cover ratio stood at 2.49, marginally below the prior auction's 2.50.
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