Bond Prices Mostly Higher
NEW YORK (AP) _ Treasury bond prices were mostly higher at midday Tuesday.
The price of the Treasury’s 10-year note was up 3/32 point, or 94 cents per $1,000 in face value, around midday Tuesday, while its yield, which moves in the opposite direction, fell to 5.48 percent from 5.49 percent on Friday. Bond markets closed early Friday and were closed Monday for Memorial Day.
The 30-year bonds were up 7/16 point and yielded 5.82 percent, down from 5.85 percent on Friday.
Yields on three-month Treasury bills were 3.66 percent and the discount was 3.59 percent. Six-month yields fell to 3.66 percent as the discount held at 3.56 percent. One-year yields fell to 3.67 percent as the discount fell 0.01 percentage point to 3.55 percent.
Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.