%mlink(STRY:; PHOTO:; AUDIO:%)

NEW YORK (AP) _ Bond prices were mixed on Tuesday, with shorter-term notes falling and longer-term notes rising as stock markets took a drubbing.

The price of the benchmark 10-year Treasury note fell 9/32 point, or $2.81 per $1,000 in face value. Its yield, which moves in the opposite direction, rose to 4.87 percent, compared with 4.86 percent late Friday.

The 30-year Treasury bond rose 1/32 point to yield 5.38 percent, up from 5.37 percent Friday, according to Moneyline Telerate.

On equities markets, the Dow closed down 157.90 at 9,745.14, the lowest finish since Feb. 7. The technology-based Nasdaq tumbled 54.59 to 1,750.61, its worst showing since Nov. 2.

In other trading, the benchmark 2-year note rose 1/32 point while its yield was steady at 2.93 percent. Intermediate maturities were steady to 3/32 point higher.

Yields on one-month Treasury bills were 1.72 percent as the discount rose 0.03 percentage point to 1.70 percent. Yields on three-month Treasury bills were 1.75 percent as the discount rose .04 percentage point to 1.73 percent. Six-month yields were 1.85 percent, as the discount rose 0.03 percentage point to 1.82 percent.

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

The federal funds rate, the interest on overnight loans between banks, was 1.81 percent, unchanged from Friday.

In the tax-exempt market, the Bond Buyer index of 40 actively traded municipal bonds rose to 104 23/32, down from 104 25/32. The average yield to maturity held steady at 5.28 percent.