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Bond Prices Mixed at Midday

November 7, 2002

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NEW YORK (AP) _ Treasury bond prices were mixed at midday Thursday.

The price of the Treasury’s 10-year note was up 25/32 point, or $7.813 per $1,000 in face value, around midday Thursday, while its yield fell to 3.94 percent from 4.03 percent late Wednesday. Prices and yields move in opposite directions.

The 30-year bonds were up 1 25/32 point and yielded 4.94 percent, down from 5.06 percent late Wednesday, according to Moneyline Telerate.

Two-year Treasury notes were down 1/32 point and yielded 1.85 percent, up from 1.83 percent late Wednesday.

Yields on one-month Treasury bills fell to 1.20 percent as the discount fell 0.02 percentage point to 1.19 percent. Three-month Treasury bills yielded 1.22 percent as the discount fell 0.01 percentage point to 1.19 percent. Six-month Treasury bills were unchanged, yielding 1.26 percent with a discount of 1.23 percent.

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

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