NEW YORK — Bond prices fell on Friday as stocks rose on Wall Street.
The price of the benchmark 10-year Treasury note sank 1/2 point, or $5.00 per $1,000 in face value. Its yield rose to 4.80 percent compared with 4.73 percent late Thursday.
The 30-year Treasury bond declined 5/8 point to yield 5.31 percent, up from 5.26 percent a day earlier, according to Bridge Telerate news service.
The decline in bond prices came as the Dow Jones industrial average rose 115.30 to close at 9,504.78. The NASDAQ composite index was up 30.98 at 1,928.68 and Wall Street's broadest measure, the Standard & Poor's 500, rose 22.25 to 1,139.83.
In other bond trading, short-term Treasury securities were down 1/8 point, and intermediate maturities were lower by 5/16 point.
Yields on three-month Treasury bills climbed to 4.28 percent and the discount was up 0.02 percentage points to 4.19 percent. Six-month yields were 4.30 percent as the discount gained 0.03 percentage points to 4.16 percent. One-year yields were 4.16 percent as the discount picked up 0.06 percentage points to 4.00 percent.
The federal funds rate, the interest on overnight loans between banks, remained steady at 5.06 percent.
In the tax-exempt market, the Bond Buyer index of 40 actively traded municipal bonds slipped 1/8 to 105 15/32. The average yield to maturity remained steady at 5.24 percent.