WASHINGTON - The Treasury yesterday sold $14.55. billion of two-year notes at a yield of 4%, down from the 4.30% yield incurred in the previous auction on Aug. 25 and the lowest since the Treasury began regular two-year note auctions in 1974.

The coupon rate was 4%, down from 41/4% in the previous auction. The price was 100.00.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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