WASHINGTON -- The Treasury yesterday sold $11.01 billion of five-year notes at a yield of 6.98%, up from the 6.77% incurred in the previous sale on June 22 and the highest since the 7.05% incurred in the Sept. 24, 1991, auction.

The coupon rate was 6 7/8%, up from 6 3/4% at the previous auction. The avenge price was 99.563.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.