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Treasury Note Yields Fall: Yields on seven-year...

Treasury Note Yields Fall: Yields on seven-year Treasury notes fell to the lowest level in more than two years. The average yield was 7.89%, down from 9.39% at the last auction April 12. It is the lowest rate since seven-year notes averaged 7.04% on March 26, 1987. The notes will carry a coupon interest rate of 7 7/8%, with each $10,000 in face value selling for $9,992.10. A total of $7.29 billion in notes were sold out of bids totaling $20.46 billion.


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