Yields Fall on New Treasury Notes: The...
From Times Staff and Wire Reports
Yields Fall on New Treasury Notes: The Treasury said it sold $8 billion of new seven-year Treasury notes at an average yield of 8.57%, down from 8.62%, at the last auction on April 11. It was the lowest rate since seven-year notes averaged 8.02% on Jan. 10 of this year. The notes will carry a coupon interest rate of 8.50%, with each $10,000 in face value selling for $9,963.70.