Results of the $34 billion, 5-year auction
- The notes were trading at 1.840% on the bid side in the when-issued market
- Prior sale was 1.875%
- Bid-to-cover at 2.67 vs 2.34 prior
Strong demand. USD/JPY ticked a couple pips lower on the result as 5s year yields fall close to flat on the day.
