Treasury Bond Prices Up at Midday
NEW YORK (AP) _ Treasury bond prices were higher at midday Tuesday.
The price of the Treasury’s 10-year note was up 1/32 point, or 31.25 cents per $1,000 in face value, around midday Tuesday, while its yield hovered around 5.24 percent, unchanged from late Friday. Prices and yields move in opposite directions.
The 30-year bonds were up 3/32 point and yielded 5.62 percent, down from 5.63 percent late Friday.
Yields on three-month Treasury bills held steady at 5.31 percent as the discount hovered above late Friday’s 5.18 percent. Six-month yields fell to 5.21 percent as the discount fell 0.01 percentage point to 5.02 percent. One-year yields fell to 4.95 percent as the discount fell 0.01 point to 4.74 percent.
Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.