US sells 10-year notes at 2.333% vs 2.320% WI

Results of the $23 billion US Treasury note sale

• Weak auction
• The notes were trading at 2.320% on the bid side in the when issued market
• Prior was 2.342%

Yields quickly moved up on the result and that may add a small bid to USD/JPY and arrest the four-day slide in Treasury yields.