BANKING & FINANCE - Aug. 25, 1994
From Times Staff and Wire Reports
Treasury Note Yields Drop: Yields on five-year T-notes fell to their lowest level in two months, with a high of 6.91%, down from 6.98% at the last auction July 27. It was the lowest rate since they sold for 6.77% on June 22. The notes will carry a coupon interest rate of 6.875%, with each $10,000 in face value selling for $9,985.40. A total of $11.01 billion in notes were sold out of bids totaling $35.5 billion.
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