http://wallstreetexaminer.com/2018/02/treasury-seven-year-sale-caps-258-billion-week-higher-yields-git-r-done/
https://www.reuters.com/article/usa-bonds/treasuries-prices-pare-gains-after-soft-seven-year-auction-idUSL2N1QC1QF
USD 7-year treasury demand was weaker than expected and resulted in a soft sale. With QE taperings in Europe & USA, there are lesser cheap monies in the world to be used or bond purchases. Thus, it is not surprising for the US bonds to have weak sales.
Conversely, the central bankers from China, Japan and Saudi seemed to have lost faith in the USA long-term economic growth due to the increasing investment risks as Trump's policies focused on cutting taxes, militarization and infrastructure spending which didn't groove with economic sense. In a nutshell, the USA is cutting tax revenues but increasing expenditures with no money in the coffer. Therefore, the USA has to raise about USD$1T annually from 2018 to 2028 by issuing a lot of bonds to meet the fiscal deficits.
http://sg-stock.blogspot.sg/2018/02/us-bond-yields-will-continue-to-rise-in.html
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