THE ECONOMY
From Times Staff and Wire Reports
Treasury Yields Rise: Yields on seven-year Treasury notes rose at auction to the highest level in nine months. The average yield was 8.26%, up from 7.93% at the last auction April 10. It was the highest rate since seven-year notes averaged 8.76% last Oct. 10. The notes will carry an interest rate of 8.25%, with each $10,000 in face value selling for $9,994.80. A total of $9 billion in notes was sold out of bids totaling $21 billion.
