BANKING & FINANCE - Jan. 9, 1992
From Times Staff and Wire Reports
Treasury Note Yields Plunge: Yields on seven-year Treasury notes fell to the lowest level since the securities were first issued on a regular basis in January, 1981. The average yield was 6.40%, down from 7.20% at the Oct. 9 auction. The notes will carry a coupon interest rate of 6.375%, with each $10,000 in face value selling for $9,986.10. A total of $9.5 billion in notes was sold out of bids totaling $18.3 billion.
