BANKING & FINANCE - June 24, 1992
From Times Staff and Wire Reports
Treasury Note Yields Slip: Yields on two-year Treasury notes fell at auction to the lowest level since January. The average yield was 5.11%, down from 5.13% at the last auction May 20. It was the lowest rate since two-year notes averaged 4.99% on Jan. 22. The notes will carry a coupon interest rate of 5%, with each $10,000 in face value selling for $9,979.30. A total of $15.05 billion in notes was sold out of bids totaling $44.82 billion.
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