Traders are set to buy $44 billion worth of U.S. government bonds that expire in seven years at 1 p.m. Eastern. The auction follows the sale of five-year notes on Monday, which had a yield 0.9 basis points above the bidding deadline rate. The Treasury offering a higher rate is seen as a poor auction by Wall Street.

The sale of seven-year notes is the third major bond auction this week, concluding a series of key auctions for the month.

Read more at Barron’s: Third Time’s the Charm for the Treasury?