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Treasury Bond Prices Up at Midday

November 12, 1999

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

The price of the Treasury’s main 30-year bond was up 17-32 point, or $5.31 1/4 per $1,000 in face value, around midday, while its yield fell to 6.05 percent from 6.09 percent late Wednesday. Bond markets were closed Thursday in observance of the Veterans Day holiday.

Yields on three-month Treasury bills rose to 5.22 percent as the discount rose 0.03 percentage point to 5.08 percent. Six-month yields rose to 5.41 percent as the discount rose 0.02 percentage point to 5.19 percent. One-year yields rose to 5.49 percent as the discount rose 0.01 point to 5.20 percent.

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

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