WASHINGTON The Treasury yesterday sold $11.02 billion of five-year notes at a yield of 7.81%, up from the 7.55% yield incurred in the previous auction on Oct. 26 and the highest since the 7.89% incurred on July 25. 1991.

The coupon rate was 7 3/4%, up from 7 1/2% in the previous auction. The price was 99.756.

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