Treasury Bond Prices Mostly Lower
NEW YORK (AP) _ Treasury bond prices were mostly lower at midday.
The price of the Treasury’s main 30-year bond was up 1/2 point, or $5.00 per $1,000 in face value, around midday, while its yield fell to 6.48 percent from 6.52 percent late Thursday. Prices and yields move in opposite directions.
Prices fell, however, for shorter-term bonds.
Yields on three-month Treasury bills rose to 5.62 percent as the discount rose 0.03 percentage point to 5.46 percent. Six-month yields rose to 5.88 percent as the discount rose 0.09 percentage point to 5.63 percent. One-year yields rose to 6.22 percent as the discount rose 0.07 point to 5.87 percent.
Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.