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Treasury Bond Prices Fall

September 14, 1998

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

The price of the Treasury’s main 30-year bond was off 13/32 point, or $4.06 1/4 per $1,000 in face value, around midday, while its yield climbed to 5.25 percent from 5.23 percent late Friday. Prices and yields move in opposite directions.

Yields on three-month Treasury bills rose to 4.85 percent as the discount rose 0.01 percentage point to 4.74 percent. Six-month yields rose to 4.92 percent as the discount gained 0.05 percentage point to 4.75 percent. One-year yields rose to 4.79 percent as the discount climbed 0.07 percentage point to 4.58 percent.

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

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