OTHER NEWS - Sept. 26, 1991
From Times Staff and Wire Reports
Yields Lower on New Notes at Auction: The average yield on five-year Treasury notes fell at auction to 7.05%, down from 7.37% at the last auction Aug. 28. It was the lowest rate since five-year notes averaged 6.73% on Feb. 25, 1987. The notes will carry a coupon interest rate of 7%, with each $10,000 in face value selling for $9,979.20. A total of $9.29 billion in notes was sold out of bids totaling $29.79 billion.
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