WASHINGTON -- The Treasury yesterday sold $12.05 billion of 10-year noteds at a yield of 7.96%, up form the 7.33% yield incurred in the previous auction on Aug. 10 and the highest since the 8.07% incurred in the auction on May 8, 1991.

The coupon rate was 7M\,%, up from 7Z\v% in the previous auction. The average price was 99.421.

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