Bond Prices Edge Higher at Midday
Jul. 08, 2003
NEW YORK (AP) _ Treasury bond prices edged higher at midday Tuesday.
The price of the Treasury's 10-year note was up 1/16 point, or 62 cents per $1,000 in face value, around midday, while its yield fell to 3.72 percent from 3.74 percent late Monday. Prices and yields move in opposite directions.
The 30-year bonds were up 3/16 point and yielded 4.73 percent, down from 4.74 percent late Monday, according to Moneyline Telerate.
Two-year Treasury notes were unchanged and its yield stood at 1.35 percent.
Yields on one-month Treasury bills rose to 0.90 percent as the discount rose 0.03 percentage point to 0.89 percent. Yields on three-month Treasury bills rose to 0.91 percent as the discount rose 0.02 percentage point to 0.89 percent. Six-month yields were at 0.96 percent as the discount fell 0.01 percentage point to 0.93 percent.
Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.