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Banking & Finance

May 27, 1993|From Times Staff and Wire Reports

Five-Year Note Yield Highest Since January: Yields on five-year Treasury notes rose in Wednesday's auction to the highest level in four months. The high yield was 5.39%, up from 5.18% in the last auction April 28. It was the highest rate since five-year notes sold for 5.66% on Jan. 27. The notes will carry a coupon interest rate of 5.375%, with each $10,000 in face value selling for $9,993.50. A total of $11 billion in notes were sold out of bids totaling $34.3 billion.

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