Treasury Note Yields Lowest Since February, 1988
From Associated Press
WASHINGTON — Yields on five-year Treasury notes fell in Wednesday’s auction to the lowest level since February, 1988.
The average yield was 7.77%, down from 8.26% at the last auction on Aug. 23.
It was the lowest rate since five-year notes averaged 7.65% on Feb. 25, 1988. The notes will carry a coupon interest rate of 7.75%, with each $10,000 in face value selling for $9,985.70.
A total of $8.04 billion of new notes was sold out of bids totaling $23.6 billion.
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