WASHINGTON - The Treasury sold $12.07 billion of 10-year notes yesterday at an average yield of 5.69%, down from 5.78% in the previous sale on Aug. 11 and the lowest since the Treasury began 10-year note auctions in May 17, 1976.

The sale was a reopening of the 10-year note auction in August, so the coupon rate was unchanged at 5 3/4%. The average price was 100.424.

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