BANKING & FINANCE - June 23, 1994
From Times Staff and Wire Reports
Five-Year Yields Down: Yields on five-year Treasury notes fell at auction to the lowest level in nearly two months. The high yield was 6.77%, down from 6.78% at the last auction May 25. It was the lowest rate since five-year notes sold for 6.60% on April 28. The notes will carry a coupon interest rate of 6.75%, with each $10,000 in face value selling for $9,991.60. A total of $11.01 billion in notes were sold out of bids totaling $30.3 billion.
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