Bond Prices Lower at Midday
Oct. 23, 2001
NEW YORK (AP) _ Treasury bond prices were lower at midday Tuesday.
The price of the Treasury's 10-year note was down 5/32 point, or $1.56 per $1,000 in face value, around midday Tuesday, while its yield rose to 4.64 percent from 4.62 percent late Monday. Prices and yields move in opposite directions.
The 30-year bonds were down 1/4 point and yielded 5.39 percent, up from 5.37 percent late Monday, according to Bridge Telerate news service.
Yields on one-month Treasury bills rose to 2.31 percent as the discount rose 0.02 percentage point to 2.28 percent. Yields on three-month Treasury bills fell to 2.19 percent as the discount fell 0.01 percentage point from Monday's auction to 2.16 percent. Six-month yields fell to 2.15 percent as the discount fell 0.02 percentage point from the weekly auction to 2.11 percent.
Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.
Prices on two-year Treasury notes were down 1/32 point, and the securities yielded 2.77 percent, up from 2.75 percent late Monday. Intermediate maturities were down between 2/32 and 3/32 point.