Treasury Bond Prices Rise
NEW YORK (AP) _ Treasury bond prices were higher at midday Monday.
The price of the Treasury’s 10-year note was up 3/4 point, or $7.50 per $1,000 in face value, around midday Monday, while its yield fell to 3.80 percent from 3.90 percent late Friday. Prices and yields move in opposite directions.
The 30-year bonds were up 1 3/16 point and yielded 4.84 percent, down from 4.92 percent late Friday, according to Moneyline Telerate.
Two-year Treasury notes were up 1/8 point and yielded 1.47 percent, down from 1.55 percent late Friday.
One-month Treasury bills were unchanged, yielding 1.15 percent with the discount at 1.13 percent. Yields on three-month Treasury bills fell to 1.12 percent as the discount fell 0.02 percentage point to 1.09 percent. Six-month yields fell to 1.11 percent as the discount fell 0.04 percentage point to 1.08 percent.
Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.