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Treasury Bonds Move Higher

November 12, 1998

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

The price of the Treasury’s main 30-year bond was up 9-32 point, or $2.81 per $1,000 in face value, around midday, while its yield slipped to 5.27 percent from 5.29 percent late Tuesday.

The bond market was closed Wednesday in observance of Veterans Day.

Yields on three-month Treasury bills fell to 4.50 percent as the discount lost 0.04 percentage point to 4.40 percent. Six-month yields fell to 4.56 percent as the discount lost 0.02 percentage point to 4.41 percent. One-year yields were unchanged at 4.51 percent as the discount held at 4.31 percent.

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

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