BANKING & FINANCE - July 29, 1993
From Times Staff and Wire Reports
Five-Year Treasury Yields Rise: Yields on five-year Treasury notes at auction hit their highest level in two months. The high yield was 5.25%, up from 5.23% at the last auction on June 23. It was the highest rate since 5.39% on May 26. The notes will carry a coupon interest rate of 5.25%, with each $10,000 in face value selling for $10,000. A total of $11 billion in notes were sold out of bids totaling $30.5 billion.