BANKING & FINANCE - July 24, 1991
From Times Staff and Wire Reports
Treasury Auction a Yawner: The Treasury Department sold $12.55 billion in two-year notes with an average 6.94% yield, part of a heavy schedule of debt sales this week. Tuesday’s auction matched market expectations and barely created a ripple in a quiet market, securities traders in New York said. The Treasury will auction $9.25 billion in five-year notes today, and $12.5 billion in one-year bills will be sold on Thursday.
