Yields Rise on Treasury Notes: Five-year Treasury...
From Times Staff and Wire Reports
Yields Rise on Treasury Notes: Five-year Treasury notes rose at auction to the highest level in 15 months. The average yield was 8.57%, up from 8.54% at the last auction May 24. It was the highest rate since five-year notes averaged 8.72% on May 25, 1989. The notes will carry a coupon interest rate of 8.5%, with each $10,000 in face value selling for $9,964.40. A total of $8.56 billion in notes-bonds were sold out of bids totaling $26.35 billion.
