It is the highest yield on a seven-year note since October 1987, when the average rate was 9.51 percent.
Today the Treasury is scheduled to sell $7 billion worth of new seven-year notes.
Today, the Treasury will sell $8.5 billion worth of new seven-year notes.
Tomorrow the Treasury is expected sell $8.5 billion of new seven-year notes.
The first $300 million of the issue are seven-year notes that mature June 15, 1997.
The $7.25 billion issue of seven-year notes was at 7 percent.
Today, the Treasury will auction $7.25 billion worth of new seven-year notes.
Few saw much enthusiasm building for today's auction of $9.75 billion in seven-year notes.
At the last sale of seven-year notes, the average yield was 7.02 percent.
An $8 billion sale of new seven-year notes will take place on Wednesday.
