Bond Prices Are Lower
NEW YORK (AP) _ Treasury bond prices were lower at midday Tuesday.
The price of the Treasury’s 10-year note was down 23/32 point, or $7.188 per $1,000 in face value, around midday Tuesday, while its yield rose to 4.95 percent from 4.86 percent late Monday. Prices and yields move in opposite directions.
The 30-year bonds were down 22/32 point and yielded 5.41 percent, up from 5.37 percent late Tuesday.
Yields on three-month Treasury bills were 4.31 percent as the discount rose 0.01 percentage point from Monday’s auction to 4.21 percent. Six-month yields were 4.27 percent as the discount rose 0.01 percentage point from the weekly auction to 4.13 percent. One-year yields rose to 4.25 percent as the discount rose 0.09 percentage point to 4.08 percent.
Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.