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Treasury Bond Prices Fall Sharply

October 9, 1998

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

The price of the Treasury’s main 30-year bond was down 2 1-16 point, or $20.63 per $1,000 in face value, around midday, while its yield rose to 5.13 percent from 5.01 percent late Thursday.

Yields on three-month Treasury bills fell to 3.84 percent as the discount dropped 0.09 percentage point to 3.76 percent. Six-month yields fell to 4.00 percent as the discount declined 0.13 percentage point to 3.88 percent. One-year yields fell to 4.03 percent as the discount lost 0.12 percentage point to 3.87 percent.

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

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