WASHINGTON -- The Treasury sold $11.03 billion of 10-year notes yesterday at an average yield of 5.78%, down from 5.96% in the previous sale on May 12 and the lowest since the Treasury began 10-year note auctions in May 1976.

The coupon rate was 5 3/4%, down from 6 1/4% in the previous auction. The average price was 99.774.

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