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Treasury Bond Prices Rise

July 7, 2000

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

The price of the Treasury’s 10-year note was up 1/2 point, or $5 per $1,000 in face value, around midday Friday, while its yield fell to 5.97 percent from 6.04 percent late Thursday. Prices and yields move in opposite directions.

The 30-year bonds were up 25-32 point and yielded 5.85 percent, down from 5.90 percent late Thursday.

Yields on three-month Treasury bills rose to 6.01 percent as the discount rose 0.01 percentage point to 5.85 percent. Six-month yields hovered below 6.19 percent as the discount remained steady around 5.93 percent. One-year yields fell to 6.04 percent as the discount fell 0.02 point to 5.73 percent.

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

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