Treasury Bond Prices Rise
NEW YORK (AP) _ Treasury bond prices were higher at midday.
The price of the Treasury’s 10-year note was up 1/2 point, or $5 per $1,000 in face value, around midday, while its yield fell to 6.11 percent from 6.17 percent late Thursday. Prices and yields move in opposite directions.
The 30-year bonds were up 9-32 point and yielded 5.92 percent, down from 5.94 percent late Thursday.
Yields on three-month Treasury bills rose to 5.81 percent as the discount climbed 0.12 percentage point to 5.66 percent. Six-month yields fell to 6.21 percent as the discount lost 0.03 percentage point to 5.95 percent. One-year yields fell to 6.21 percent as the discount dropped 0.09 percentage point to 5.86 percent.
Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.