Yields on 10-year Treasury notes rose to...

Yields on 10-year Treasury notes rose to their highest level since November, 1985. The average yield was 9.06%, up from 8.21% at the last auction on Feb. 3. It was the highest rate since 10-year notes averaged 9.54% on Nov. 21, 1985. The notes will carry a coupon interest rate of 9%, with each $10,000 in face value selling for $9,961.00. A total of $8.75 billion in notes were sold out of bids totaling $22.9 billion. The government plans to auction $8.5 billion in 30-year bonds today.