WASHINGTON -- The Treasury yesterday sold $17.29 billion of two-year notes at a yield of 7.57%, up from the 7.30% yield incurred in the previous auction on Nov. 21 and the highest since the 7.84% incurred in the auction of October 30, 1990.

The coupon rate was 7 1/2%, up from 7 1/4% in the previous auction. The price was 99.873.

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.