BANKING & FINANCE - Jan. 27, 1993
From Times Staff and Wire Reports
Treasury Yields Fall: Yields on two-year Treasury notes fell in auction to the lowest level in four months. The yield was 4.28%, down from 4.71% at the last auction, on Dec. 22. It was the lowest rate since two-year notes sold for 4% on Sept. 22. The notes will carry a coupon interest rate of 4.25%, with each $10,000 in face value selling for $9,994.30. A total of $15.3 billion in notes were sold out of bids worth $32.1 billion.
