Bond Prices Mostly Higher
NEW YORK (AP) _ Treasury bond prices were mostly higher at midday Friday.
The price of the Treasury’s 10-year note was up 1/32 point, or 31 cents per $1,000 in face value, around midday Friday, while its yield was virtually unchanged at 4.57 percent.
The 30-year bonds were down 7/32 point and yielded 5.33 percent, up from 5.32 percent late Thursday, according to Bridge Telerate news service.
Yields on one-month Treasury bills fell to 2.25 percent as the discount fell 0.03 percentage point to 2.23 percent. Yields on three-month Treasury bills fell to 2.17 percent as the discount fell 0.01 percentage point to 2.14 percent. Six-month yields rose to 2.18 percent as the discount rose 0.02 percentage point to 2.14 percent.
Prices on two-year Treasury notes were up 1/16 point and yielded 2.71 percent, down from 2.73 percent late Thursday.
Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.