Treasury Bond Prices Fall
NEW YORK (AP) _ Treasury bond prices were lower at midday Wednesday.
The price of the Treasury’s 10-year note was down 7/32 point, or $2.18 per $1,000 in face value, around midday Wednesday, while its yield rose to 5.83 percent from 5.80 percent late Tuesday. Prices and yields move in opposite directions.
The 30-year bonds were down 1/2 point and yielded 5.88 percent, up from 5.85 percent late Tuesday.
Yields on three-month Treasury bills rose to 6.17 percent as the discount rose .01 percentage point to 6.00 percent. Six-month yields rose to 6.24 percent as the discount rose .03 percentage point to 5.98 percent. One-year yields rose to 6.07 percent as the discount rose .02 point to 5.75 percent.
Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.