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Bond Prices Up at Midday

February 24, 2003

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

The price of the Treasury’s 10-year note was up 5/16 point, or $3.125 per $1,000 in face value, around midday Monday, while its yield fell to 3.85 percent from 3.89 percent late Friday. Prices and yields move in opposite directions.

The 30-year bonds were up 21/32 point and yielded 4.81 percent, down from 4.85 percent late Friday, according to Moneyline Telerate.

Two-year Treasury notes were up 1/32 point and yielded 1.58 percent, down from 1.60 percent late Friday.

Yields on one-month Treasury bills rose to 1.20 percent as the discount rose 0.01 percentage point to 1.18 percent. Yields on three-month Treasury bills rose to 1.19 percent as the discount rose 0.01 percentage point to 1.17 percent. Six-month yields were unchanged at 1.20 percent as the discount held steady at 1.18 percent.

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

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