Yields on 10-year Treasury notes rose in...

Yields on 10-year Treasury notes rose in the latest auction to the highest level since early 1986 as the government completed the second of three auctions this week to raise $28 billion. The average yield was 8.74%, up from 8.52% on May 5. It was the highest rate since 10-year notes averaged 9.12% on Feb. 5, 1986. The notes will carry a coupon interest rate of 8.62% with each $10,000 in face value selling for $9,924.20.