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

Yields on 10-year Treasury notes rose at the latest auction to their highest level in nearly three years. The average yield was 9.27%, up from 9.06% at the last auction on May 11. It was the highest rate since 10-year notes averaged 9.54% on Nov. 21, 1985. The notes will carry a coupon interest rate of 9.25%, with each $10,000 in face value selling for $9,987.10. A total of $11 billion in notes were sold. The auction was the second part of the Treasury’s quarterly refunding.