Bond Prices Mostly Lower
Jan. 23, 2002
NEW YORK (AP) _ Treasury bond prices were mostly lower at midday Wednesday.
The price of the Treasury's 10-year note was down 1/16 point, or 63 cents per $1,000 in face value, around midday Wednesday, while its yield rose to 4.91 percent from 4.90 percent late Tuesday. Prices and yields move in opposite directions.
The 30-year bonds were down 1/8 point and yielded 5.39 percent, up from 5.38 percent late Tuesday, according to Moneyline Telerate.
Two-year Treasury notes were unchanged, and continued to yield of 2.92 percent.
Yields on one-month Treasury bills rose to 1.65 percent as the discount rose 0.01 percentage point to 1.64 percent. Yields on three-month Treasury bills remained 1.67 percent as the discount held at 1.65 percent. Six-month yields rose to 1.75 percent as the discount rose 0.02 percentage point to 1.72 percent.
Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.