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Treasury Bond Prices Up at Midday

July 13, 1999

NEW YORK (AP) _ Treasury bond prices were higher at midday.

The price of the Treasury’s main 30-year bond was up 1/16 point, or 62 1/2 cents per $1,000 in face value, around midday, while its yield fell slightly below late Monday’s 5.90 percent. Prices and yields move in opposite directions.

Yields on three-month Treasury bills were 4.69 percent as the discount fell 0.03 percentage point from Monday’s auction to 4.57 percent at midday. Six-month yields were 4.69 percent as the discount fell 0.02 percentage point from the weekly auction to 4.52 percent. One-year yields fell to 4.95 percent as the discount fell 0.01 percentage point from late Monday to 4.71 percent.

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

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