Yields were down at the latest Treasury auction.
- Share via
In the second of three auctions that the government is holding this week to raise a record $21.75 billion in new debt financing, yields on 10-year Treasury notes dropped to their lowest level in more than two years. The Treasury Department sold $6.8 billion in 10-year notes at an average yield of 10.6%, down from 11.3% at the last auction May 15 and the lowest since 10.16% on May 4, 1983.
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.