U.S. Treasury Bond Prices Higher
Jun. 04, 2003
NEW YORK (AP) _ Treasury bond prices were higher at midday Wednesday.
The price of the Treasury's 10-year note was up 3/32 point, or 93 cents per $1,000 in face value, around midday Wednesday, while its yield was unchanged at 3.33 percent from late Tuesday. Prices and yields move in opposite directions.
The 30-year bonds were unchanged in price and yielded 4.38 percent, up marginally from 4.37 percent late Tuesday, according to Moneyline Telerate.
Two-year Treasury notes were essentially unchanged and yielded 1.20 percent, unchanged from 1.20 percent late Tuesday.
Yields on one-month Treasury bills fell to 1.16 percent as the discount fell 0.01 percentage point to 1.13 percent. Yields on three-month Treasury bills fell to 1.06 percent as the discount fell 0.02 percentage point to 1.03 percent. Six-month yields were unchanged at 1.04 percent as the discount was unchanged at 1.02 percent.
Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.