BANKING & FINANCE - May 26, 1994
From Times Staff and Wire Reports
Five-year T-Note Yields Up: Yields on the Treasury notes rose to the highest level in more than two years. The high yield was 6.78%, up from 6.6% at the last auction April 28. It was the highest rate since five-year notes sold for 6.93% on April 23, 1992. The notes will carry a coupon interest rate of 6.75%, with each $10,000 in face value selling for $9,987.50. A total of $11 billion in notes were sold out of bids totaling $31.6 billion.