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Treasury Bond Prices Fall

October 31, 1997

NEW YORK (AP) _ Treasury bond prices were lower this afternoon.

The price of the Treasury’s main 30-year bond was down 5-16 point, or $3.13 per $1,000 in face value, during afternoon trading, while its yield rose to 6.15 percent from 6.13 percent late Thursday. Prices and yields move in opposite directions.

Yields on three-month Treasury bills rose to 5.19 percent as the discount rose 0.05 percentage point to 5.06 percent. Six-month yields rose to 5.28 percent as the discount rose 0.04 percentage point to 5.08 percent. One-year yields rose to 5.32 percent as the discount rose 0.04 point to 5.06 percent.

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

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