Bond Prices Are Higher Thursday
May. 09, 2002
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NEW YORK (AP) _ Treasury bond prices were higher at midday Thursday.
The price of the Treasury's 10-year note was up 1/16 point, or $0.625 per $1,000 in face value, around midday Thursday, while its yield fell to 5.22 percent from 5.23 percent late Wednesday. Prices and yields move in opposite directions.
The 30-year bonds were up 1/8 point and yielded 5.66 percent, down from 5.67 percent late Wednesday, according to Moneyline Telerate.
Two-year Treasury notes were up 1/16 point and yielded 3.29 percent, down from 3.33 percent late Wednesday.
Yields on one-month Treasury bills fell to 1.73 percent as the discount fell 0.03 percentage point to 1.70 percent. Yields on three-month Treasury bills fell to 1.74 percent as the discount fell 0.01 percentage point to 1.72 percent. Six-month yields fell to 1.88 percent as the discount fell 0.01 percentage point to 1.85 percent.
Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.