US sells 7-year notes at 2.538% vs 2.545% WI bid

Results of the US 7-year note sale

• Prior was 2.625%
• Bid to cover at 2.60 vs 2.54 prior
• $32 billion sale

Strong auction for the second day in a row. Yesterday's sale capped the rally in USD/JPY. Can today's spark a slump to session lows?