Treasury prices mixed ahead of holiday weekend

AP News
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Posted: Apr 21, 2011 4:34 PM
Treasury prices mixed ahead of holiday weekend

Government bond prices were little changed Thursday ahead of the long holiday weekend and auctions of new debt next week.

The price of the 10-year Treasury note rose 6.25 cents per $100 invested in late trading. Its yield, which moves in the opposite direction, slipped 3.40 to percent from 3.41 percent late Wednesday.

The bond market closed early Thursday and is closed Friday for the Good Friday holiday. Traders often take cautious positions ahead of long weekends and auctions of new debt.

The Treasury will auction $35 billion in two-year notes Tuesday, $35 billion in five-year notes Wednesday and $29 billion in seven-year notes Thursday.

Investors are also wary that Greece could announce a debt restructuring over the weekend.

In other trading, the price of the 30-year bond slipped 9.38 cents per $100 invested, while its yield was unchanged at 4.47 percent. The yield on the two-year note was unchanged at 0.67 percent.

The yield on the three-month T-bill dipped to 0.04 percent from 0.05 percent. Its discount was 0.05 percent.