US sells 7-year notes at 4.194% vs 4.203% WI

  • Results of the $44 billion sale of 7-year notes
  • Prior was 4.457%
  • Bid to cover vs 2.64 prior

This is the final Treasury auction of the week and the month. The yield is nicely below last months sale (by about a quarter point) following the broad rally in the bond market.

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