WASHINGTON - The Treasury yesterday sold $11.01 billion of five-year notes at a yield of 6.78%, up from the 6.60% incurred in the previous sale on April 28. and the highest since the 6.93% incurred in the April 23, 1992, auction.

The coupon rate was 6 3/4%, up from 6 1/2% at the previous auction. The average price was 99.875.

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