Treasury Bill Yields Fall To Record Low

Yields on 10-year Treasury notes fell in Wednesday’s auction to the lowest level on record as the government continued its quarterly refunding.

The average yield was 5.649 percent, down from 5.9 percent at the last auction on Nov. 21. The previous record was 5.69 percent on Nov. 10, 1993.

The notes will carry a coupon interest rate of 5 percent with each $10,000 in face value selling for $9,981.90. A total of $14.01 billion in notes were sold.