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Bond Prices Mostly Higher

September 8, 1999

NEW YORK (AP) _ Treasury bond prices were mostly higher at midday.

The price of the Treasury’s main 30-year bond was up 5-32 point, or $1.56 1/4 per $1,000 in face value, around midday, while its yield fell to 6.06 percent from 6.07 percent late Tuesday. Prices and yields move in opposite directions.

Yields on three-month Treasury bills fell to 4.81 percent as the discount fell 0.01 percentage point, from the weekly auction, to 4.68 percent. Six-month yields remained unchanged at 5.13 percent as the discount held at the 4.93 percent of Tuesday’s auction. One-year yields rose to 5.25 percent as the discount rose 0.02 point to 4.99 percent.

Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.

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