Bond Prices Mostly Lower
NEW YORK (AP) _ Treasury bond prices were mostly lower at midday Thursday.
The price of the Treasury’s 10-year note was down 1/16 point, or 63 cents per $1,000 in face value, around midday Thursday, while its yield was virtually unchanged at 4.57 percent.
The 30-year bonds were up 3/32 point and yielded 5.31 percent, down from 5.34 percent late Wednesday.
Yields on one-month Treasury bills fell to 2.30 percent as the discount fell 0.02 percentage point to 2.27 percent. Yields on three-month Treasury bills fell to 2.18 percent as the discount fell 0.02 percentage point to 2.15 percent. Six-month yields fell to 2.17 percent as the discount fell 0.01 percentage point to 2.13 percent.
Prices on two-year Treasury notes were down 1/32 point and yielded 2.77 percent, up from 2.75 percent late Wednesday.
Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.