BANKING & FINANCE - June 25, 1992
From Times Staff and Wire Reports
Five-Year Note Yields Decline: Yields on five-year Treasury notes fell at auction to the lowest level since January. The average yield was 6.43%, down from 6.75% at the last auction May 21. It was the lowest rate since five-year notes averaged 6.28% on Jan. 23. The notes will carry a coupon interest rate of 6 3/8%, with each $10,000 in face value selling for $9,976.80. About $10.5 billion in notes were sold out of bids totaling $29 billion.
