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Treasuries little changed after $29b 7-year note auction

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Treasuries were little changed after the U.S. sale of $29 billion in seven-year notes attracted higher-than-average demand. The bid-to-cover ratio, which gauges demand by comparing total bids with the amount of securities offered, was 2.60, compared with an average of 2.55 for the previous 10 sales. The notes yielded 2.317 percent, compared with a forecast of 2.306 percent in a Bloomberg News...

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