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Bond Prices Lower at Midday

October 29, 2003

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

The price of the Treasury’s 10-year note was down 3/8 point, or $3.75 per $1,000 in face value, while its yield rose to 4.23 percent from 4.18 percent late Tuesday. Prices and yields move in opposite directions.

The 30-year bonds were down 17/32 point and yielded 5.13 percent, up from 5.09 percent late Tuesday, according to Moneyline Telerate.

Two-year Treasury notes were down 1/16 point and yielded 1.69 percent, up from 1.67 percent late Tuesday.

Yields on one-month Treasury bills were 0.97 percent as the discount held at 0.95 percent. Yields on three-month Treasury bills fell to 0.96 percent as the discount fell 0.01 percentage point to 0.94 percent. Six-month yields were 1.03 percent as the discount held at 1.01 percent.

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

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