Yields on 5-Year Notes Fall: The Treasury...
From Times Staff and Wire Reports
Yields on 5-Year Notes Fall: The Treasury reported that the average yield was 7.95%, down from 8.57% at the last auction on Aug. 29. It was the lowest rate since five-year notes averaged 7.77% on Nov. 29, 1989. The notes will carry a coupon interest rate of 7.875%, with each $10,000 in face value selling for $9,962.60. A total of $9.04 billion in notes were sold out of bids totaling $22.99 billion.
