US sells 5-year notes at 2.489% vs 2.495% WI bid

Results of the 5-year note auction

• $41 billion sale
• The notes were trading at 2.495%/2.490% on the bid/ask in the when issued market
• Bid-to-cover 2.40 vs 2.41 prior

USD/JPY is on a nice run but this could add a speedbump.