Treasury Bond Prices Higher
NEW YORK (AP) _ Treasury bond prices were higher at midday Friday.
The price of the Treasury’s 10-year note was up 5/32 point, or $1.56 per $1,000 in face value, while its yield fell to 4.13 percent from 4.15 percent late Thursday. Prices and yields move in opposite directions.
The 30-year bonds were up 11/32 point and yielded 4.98 percent, down from 5.01 percent late Thursday, according to Moneyline Telerate.
Two-year Treasury notes were up 1/32 point and yielded 1.77 percent, down from 1.79 percent late Thursday.
Yields on one-month Treasury bills held at 0.92 percent as the discount held at 0.90 percent. Yields on three-month Treasury bills fell to 0.93 percent as the discount fell 0.01 percentage point to 0.91 percent. Six-month yields fell to 1 percent as the discount fell 0.01 percentage point to 0.98 percent.
Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.