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Treasury Bond Prices Fall

May 28, 1999

NEW YORK (AP) _ Treasury bond prices were lower at midday.

The price of the Treasury’s main 30-year bond was off 1-16 point, or 62 1/2 cents per $1,000 in face value, around midday, while its yield rose to 5.85 percent from 5.84 percent late Thursday. Prices and yields move in opposite directions.

Yields on three-month Treasury bills rose to 4.64 percent as the discount gained 0.01 percentage point to 4.52 percent. Six-month yields were unchanged at 4.81 percent as the discount held at 4.63 percent. One-year yields rose to 4.97 percent as the discount added 0.01 percentage point to 4.72 percent.

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

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