BANKING & FINANCE - Oct. 27, 1994

Treasury Yields Hit 3-Year High: Yields on five-year Treasury notes rose in auction to the highest level in more than three years. The high yield was 7.55%, up from 7.18% at the last auction Sept. 28. It was the highest rate since five-year notes sold for 7.89% on July 24, 1991. The notes will carry a coupon interest rate of 7.5%, with each $10,000 in face value selling for $9,979.50. A total of $11 billion in notes were sold out of bids totaling $33.1 billion.