Treasury bond prices were higher at midday.
The price of the Treasury's main 30-year bond was up 29-32
point, or $9.06\ per $1,000 in face value, around midday, while its
yield fell to 6.55 percent from 6.62 percent late Monday, the
highest level since the 6.69 percent of Sept. 11, 1997.
Yields on three-month Treasury bills fell to 5.43 percent as the
discount fell 0.08 percentage point from Monday's auction to 5.28
percent. Six-month yields fell to 5.76 percent as the discount fell
0.07 percentage point from the weekly auction to 5.52 percent.
One-year yields fell to 5.99 percent as the discount fell 0.06
point to 5.67 percent.
Yields are the interest bonds pay by maturity, while the
discount is the interest at which they are sold.
