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Bond Prices Higher at Midday

September 17, 2003

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

The price of the Treasury’s 10-year note was up 3/8 point, or $3.75 per $1,000 in face value, around midday Wednesday, while its yield fell to 4.23 percent from 4.26 percent late Tuesday. Prices and yields move in opposite directions.

The 30-year bonds were up 27/32 point and yielded 5.15 percent, down from 5.16 percent late Tuesday, according to Moneyline Telerate.

Two-year Treasury notes were unchanged and yielded 1.59 percent, down from 1.63 percent late Tuesday.

Yields on one-month Treasury bills fell to 0.88 percent as the discount fell 0.02 percentage point to 0.87 percent. Yields on three-month Treasury bills held at 0.95 percent as the discount held at 0.93 percent. Six-month yields fell to 1.01 percent as the discount held at 0.99 percent.

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

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