BANKING & FINANCE - Aug. 24, 1994
From Times Staff and Wire Reports
Treasury Note Yields Hit 3-Year High: Yields on two-year Treasury notes rose in auction to the highest level in three years. The high yield was 6.27%, up from 6.17% at the last auction July 26. It was the highest rate since two-year notes sold for 6.46% in August, 1991. The notes will carry a coupon interest rate of 6.25%, with each $10,000 in face value selling for $9,996.30. A total of $17.26 billion in notes were sold out of bids totaling $56.43 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.
