BANKING & FINANCE - Jan. 29, 1993
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From Times Staff and Wire Reports
Treasury Yields Drop: Yields on five-year Treasury notes fell in the latest auction to the lowest level in four months. The high yield was 5.66%, down from 6.03% at the last auction on Dec. 23. It was the lowest rate since five-year notes sold for 5.54% on Sept. 23. The notes will carry a coupon interest rate of 5.625%, with each $10,000 in face value selling for $9,984.90. A total of $11.5 billion in notes were sold out of bids totaling $31.6 billion.
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