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Treasury bond prices lower at midday

2/4/2004

NEW YORK -- Treasury bond prices were lower at midday Wednesday.

The price of the Treasury's 10-year note was down 7/32 point, or $2.19 per $1,000 in face value, while its yield rose to 4.13 percent from 4.10 percent late Tuesday. Prices and yields move in opposite directions.

The 30-year bonds were down 3/8 point and yielded 4.98 percent, up from 4.95 percent late Tuesday, according to Moneyline Telerate.

Two-year Treasury notes were down 1/32 point and yielded 1.77 percent, up from 1.76 percent late Tuesday.

Yields on one-month Treasury bills rose to 0.89 percent as the discount rose 0.03 percentage point to 0.88 percent. Yields on three-month Treasury bills held at 0.93 percent as the discount held at 0.91 percent. Six-month yields held at 1.01 percent as the discount held at 0.99 percent.

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

© Copyright 2004 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

 

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