BANKING & FINANCE - May 21, 1992
From Times Staff and Wire Reports
Yield on Two-Year Treasury Notes Dips: Yields on two-year Treasury notes fell at auction to the lowest level since January. The average yield was 5.13%, down from 5.43% at the last auction on April 22. It was the lowest rate since two-year notes averaged 4.99% on Jan. 22. The notes will carry a coupon interest rate of 5.125%, with each $10,000 in face value selling for $9,999.10. A total of $14.8 billion in notes were sold out of bids totaling $37.3 billion.
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