Treasury Bond Prices Are Mixed
NEW YORK (AP) _ Treasury bond prices were mixed at midday.
The price of the Treasury’s main 30-year bond was down 11-32 point, or $3.43 3/4 per $1,000 in face value, around midday, while its yield rose to 5.95 percent from 5.93 percent late Monday. Prices and yields move in opposite directions.
Yields on three-month Treasury bills were 5.80 percent as the discount hovered around Monday’s auction rate of 5.65 percent. Six-month yields fell to 6.01 percent as the discount fell 0.01 percentage point from the weekly auction to 5.76 percent. One-year yields fell to 6.04 percent as the discount fell 0.01 point to 5.74 percent.
Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.