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Treasury Bond Prices Move Higher

March 20, 1998

NEW YORK (AP) _ Treasury bond prices were higher Friday afternoon.

The price of the Treasury’s main 30-year bond was up 5-32 point, or $1.56 per $1,000 in face value, while its yield fell to 5.88 percent from 5.89 percent late Thursday. Prices and yields move in opposite directions.

Yields on three-month Treasury bills rose to 5.17 percent as the discount rose 0.01 percentage point to 5.04 percent. Six-month yields held at 5.25 percent as the discount held at 5.06 percent. One-year yields were steady at 5.33 percent as the discount held at 5.07 percent.

Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.

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