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Bond Prices Are Lower at Midday

April 21, 2003

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

The price of the Treasury’s 10-year note was down 11/32 point, or $3.438 per $1,000 in face value, around midday Monday, while its yield rose to 4.00 percent from 3.96 percent late Thursday. Prices and yields move in opposite directions. Markets were closed Friday in observance of Good Friday.

The 30-year bonds were down 7/32 point and yielded 4.92 percent, up from 4.89 percent late Thursday, according to Moneyline Telerate.

Two-year Treasury notes were down 1/16 point and yielded 1.72 percent, up from 1.68 percent late Thursday.

Yields on one-month Treasury bills rose to 1.14 percent as the discount rose 0.01 percentage point to 1.12 percent. Yields on three-month Treasury bills rose to 1.18 percent as the discount rose 0.01 percentage point to 1.16 percent. Six-month yields rose to 1.21 percent as the discount rose 0.02 percentage point to 1.18 percent.

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

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