Treasury Note Yields at 12-Month High: Yields...
From Times Staff and Wire Service Reports
Treasury Note Yields at 12-Month High: Yields on five-year Treasury notes rose at auction to their highest level in a year. The average yield was 8.54%, up from 8.53% at the Feb. 22 auction. 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 $9,976.40.