WASHINGTON -- The Treasury yesterday sold $17.32 billion of two-year notes at a yield of 7.30%, up from the 6.88% yield incurred in the previous auction on Oct. 25 and the highest since the 7.32% incurred in the auction of Dec. 26, 1990.

The coupon rate was 7 1/4%, up from 6 7/8% in the previous auction. The price was 99.908.

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