Bloomberg reports the price of a 30-year Treasury bond as 100-17, with a coupon rate of 3.00% and a yield-to-maturity of 2.97%. What is the price of this bond?
a. $98.54
b. $99.03
c. $100.17
d. $100.53
e. $101.98
One year ago, the price of 30 year Treasury bonds was 97-19. What has happened to the yield-to- maturity on 30-year Treasuries over the last year?
a. Yields have increased
b. Yields have decreased
c. Yields have stayed the same
d. Not enough information to answer this question
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