A $330 million offering of Iowa tax and revenue anticipation notes drew a 5.10% yield in an already crowded note market yesterday, while tax-exempt bond prices finished the day unchanged to 1/8 point higher in quiet trading.

Notes have been flooding the market all through June and the big supply has kept upward pressure on rates, traders said. The Iowa offering was tentatively priced in the morning with a 5% return, but repriced in the afternoon to 100.262 as 5.40s to yield 5.10% to their June 30, 1992 maturity.

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