WASHINGTON -- The Treasury yesterday sold $16 billion of two-year notes at a yield of 4.26%, up from the 4.16% yield incurred in the previous auction on June 22 and the highest since the 4.28% yield incurred at the Jan. 26 auction.

The coupon rate was 4 1/4%, up from 4 1/8% in the previous auction. The price was 99.981.

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