BANKING & FINANCE - July 25, 1991
From Times Staff and Wire Reports
Treasury Note Yields Slip: Yields on five-year Treasury notes fell in the latest auction to the lowest level since May. The average yield was 7.89%, down from 7.96% at the last auction June 26. It was the lowest rate since five-year notes averaged 7.69% on May 23. The notes will carry a coupon interest rate of 7 7/8%, with each $10,000 in face value selling for $9,993.90. A total of $9.3 billion in notes was sold out of bids totaling $35.1 billion.
