BANKING & FINANCE - Dec. 23, 1994
From Times Staff and Wire Reports
Treasury Yields Rise: Yields on five-year notes increased in auction to the highest level in more than three years. The high yield was 7.85%, up from 7.81% at the last auction Nov. 22. 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 7.75%, with each $10,000 in face value selling for $9,959.30. A total of $11.01 billion in notes were sold out of bids totaling $24.4 billion.
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