Yields were down at the latest Treasury auction.
In the second of three auctions that the government is holding this week to raise a record $21.75 billion in new debt financing, yields on 10-year Treasury notes dropped to their lowest level in more than two years. The Treasury Department sold $6.8 billion in 10-year notes at an average yield of 10.6%, down from 11.3% at the last auction May 15 and the lowest since 10.16% on May 4, 1983.
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