BANKING & FINANCE - March 25, 1992
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From Times Staff and Wire Reports
Treasury Note Yields Rise: Yields on two-year Treasury notes rose at auction to the highest level since October. The average yield was 5.85%, up from 5.40% at the last auction on Feb. 25. It was the highest rate since two-year notes averaged 6.01% on Oct. 23, 1991. The notes will carry a coupon interest rate of 5.75%, with each $10,000 in face value selling for $9,981.40. A total of $14.78 billion in notes were sold out of bids totaling $41.94 billion.
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