WASHINGTON -- The Treasury yesterday sold $14.76 billion of two-year notes at an average yield of 5.13%, down from the 5.43% yield incurred in the previous auction on Apr. 22.

The coupon rate was 5-1/8%, down from 5-3/8% in the previous auction. The average price was 99.779.

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.