BANKING & FINANCE - Sept. 24, 1992
From Times Staff and Wire Reports
Five-Year Treasury Note Yield Falls: Yields on the notes fell at auction to the lowest level since regular issues of the securities began in 1977. The high yield was 5.54%, down from an average yield of 5.74% at the last auction on Aug. 26. The notes will carry a coupon interest rate of 5.50%, with each $10,000 in face value selling for $9,982.70. A total of $10.5 billion in notes was sold out of bids totaling $23.8 billion.
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