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NEW YORK (AP) _ Bond prices were mostly lower on Monday as stock prices soared.

The price of the benchmark 10-year Treasury note fell 1/8 points, or $1.25 per $1,000 in face value. Its yield, which moves in the opposite direction, rose to 5.00 from 4.98 percent late Friday.

The 30-year Treasury bond rose 1/8 point to yield 5.49, down from 5.50 percent on Friday, according to Moneyline Telerate.

In securities trading, the Dow closed up 217.96 at 10,586.82, while the tech-focused Nasdaq composite index gained 56.58, or 3.1 percent, to 1,859.32.

In other bond trading, the benchmark 2-year note declined 1/32 point, to yield 3.20, up from 3.19 percent on Friday. Intermediate maturities fell 1/16 point.

Yields on one-month Treasury bills were 1.75 percent as the discount fell 0.01 percentage point to 1.73 percent. Yields on three-month Treasury bills were 1.78 percent as the discount rose 0.01 percentage point to 1.76 percent. Six-month yields were 1.91 percent, as the discount rose 0.03 percentage point to 1.88 percent.

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

The federal funds rate, the interest on overnight loans between banks, fell to 1.75 from 1.81 percent on Friday.

In the tax-exempt market, the Bond Buyer index of 40 actively traded municipal bonds fell to 104 3/4, from 104 15/16 on Friday. The average yield to maturity rose to 5.28 percent, compared with 5.27 percent on Friday.