US Treasury sells 5-year notes at 1.831% vs 1.840% WI

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.