WASHINGTON - The Treasury sold $12.01 billion of 10-year notes yesterday at an average yield of 7.36%, up from 5.92% in the previous sale on Feb. 9 and the highest since the 7.53% yield incurred in the auction on May 6, 1992.

The coupon rate was 7 1/4%, up from 5 7/8% in the previous auction. The average price was 99.230.

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