WASHINGTON -- The Treasury yesterday sold $17.01 billion of two-year notes at a yield of 5.94%, up from the 5.59% yield incurred in the previous auction on April 27 and the highest since the 6.01% incurred on Oct. 23, 1991.

The coupon rate was 5 7/8%, up from 5 1/2% in the previous auction. The price was 99.879.

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