BANKING & FINANCE - June 26, 1991
From Times Staff and Wire Reports
Yield Higher on Treasury Notes: Yields on two-year Treasury notes rose in auction to the highest level in three months. The average yield was 7.06%, up from 6.81% at the last auction May 22. It was the highest rate since two-year notes averaged 7.15% on March 26. The notes will carry a coupon interest rate of 7.12%, with each $10,000 in face value selling for $9,989.00. A total of $12.53 billion in notes and bonds were sold out of bids totaling $37.2 billion.