U.S. Treasury Bond Prices Higher
Jun. 03, 2003
NEW YORK (AP) _ Treasury bond prices were higher at midday Tuesday.
The price of the Treasury's 10-year note was up 1/2 point, or $5.00 per $1,000 in face value, around midday Tuesday, while its yield fell to 3.35 percent from 3.41 percent late Monday. Prices and yields move in opposite directions.
The 30-year bonds were up 29/32 point and yielded 4.37 percent, down from 4.42 percent late Monday, according to Moneyline Telerate.
Two-year Treasury notes were up 3/32 point and yielded 1.26 percent, down from 1.31 percent late Monday.
Yields on one-month Treasury bills were 1.16 percent as the discount was unchanged at 1.14 percent. Yields on three-month Treasury bills fell to 1.11 percent as the discount fell 0.01 percentage point to 1.09 percent. Six-month yields fell to 1.10 percent as the discount fell 0.01 percentage point to 1.07 percent.
Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.