BANKING & FINANCE - Jan. 24, 1992
From Times Staff and Wire Reports
Five-Year Note Yields Higher at Auction: Yields on five-year Treasury notes rose at auction to the highest level in two months. The average yield was 6.28%, up from 6.24% at the last auction on Dec. 19. It was the highest rate since five-year notes averaged 6.54% on Nov. 26. The notes will carry a coupon interest rate of 6.25%, with each $10,000 in face value selling for $9,987.30. A total of $9.27 billion in notes were sold out of bids totaling $20.51 billion.
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