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Bond Prices Mostly Higher

March 18, 2002

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

The price of the Treasury’s 10-year note was up 1/8 point, or $1.25 per $1,000 in face value, around midday Monday, while its yield fell to 5.31 percent from 5.33 percent late Friday. Prices and yields move in opposite directions.

The 30-year bonds were up 5/16 point and yielded 5.73 percent, down from 5.75 percent late Friday, according to Moneyline Telerate.

Two-year Treasury notes were down 1/32 point and yielded 3.61 percent, up from 3.59 percent late Friday.

Yields on one-month Treasury bills fell to 1.76 percent as the discount fell 0.01 percentage point to 1.74 percent. Yields on three-month Treasury bills held at 1.84 percent as the discount remained 1.82 percent. Six-month yields rose to 2.07 percent as the discount rose 0.01 percentage point to 2.03 percent.

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

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