IN BRIEF

Executive resigns post at City National Bank

John Guedry, 48, executive vice president of City National Bank, says he is resigning to "pursue other interests in the public service arena."

Bank spokesman Paul Stowell said City National policy prohibits disclosing further information about Guedry's plans while Guedry is employed at the bank, leaving political observers intrigued.

Guedry was chief executive officer of Business Bank of Nevada when City National acquired the bank in 2007.

"I very much believe in City National Bank, and the direction the leadership is heading," Guedry said in a letter Tuesday to employees.

Following Guedry's departure on July 1, Larry Charlton will be acting Nevada regional executive.

Guedry has worked as director of sales and marketing for Community Bank, senior vice president of Nevada Title Co. and vice president and director of sales at Valley Bank.

NEW YORK

Bond prices decline, sending yields higher

Bond yields are heading higher again, a troubling trend for potential homebuyers or mortgage holders looking to refinance.

In late trading, the 10-year Treasury note fell 1.34 points to 94.13, and its yield rose to 3.71 percent from 3.54 percent late Wednesday.

The yield on the 30-year bond rose to 4.59 percent from 4.44 percent, as its price fell 2.09 points to 94.63.