BANKING & FINANCE - March 24, 1994

Five-Year Treasury Notes Yield Rises: Yields on the five-year Treasury notes rose at auction to the highest level in 15 months. The high yield was 5.91%, up from 5.61% at the last auction on Feb. 24. It was the highest auction rate since five-year note yields hit 6.03% on Dec. 23, 1992. The notes will carry a coupon rate of 5.875% with each $10,000 in face value selling for $9,985.00. A total of $11 billion in notes were sold out of bids totaling $28.1 billion.