BANKING & FINANCE - March 24, 1994
From Times Staff and Wire Reports
Five-Year Treasury Notes Yield Rises: Yields on the five-year Treasury notes rose at auction to the highest level in 15 months. The high yield was 5.91%, up from 5.61% at the last auction on Feb. 24. It was the highest auction rate since five-year note yields hit 6.03% on Dec. 23, 1992. The notes will carry a coupon rate of 5.875% with each $10,000 in face value selling for $9,985.00. A total of $11 billion in notes were sold out of bids totaling $28.1 billion.
Sign up for The Wild
We’ll help you find the best places to hike, bike and run, as well as the perfect silent spots for meditation and yoga.
You may occasionally receive promotional content from the Los Angeles Times.
