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H.15

U. S. GOVERNMENT SECURITY YIELDS AND PRICES
Calendar week ending July 23, 1966
July
18

July
19

July
20

Yields (per cent per annum)
Auction average:
3-month bills
6-month bills

Note:

*

July
22

4.996
5.095

Market yield:
3-month bills
6-month bills
1-year bills
Other issues, due in
9-12 months, 1/
Issues, due in 3-5
years 2/
Bonds, due or callable
in 10 years or more 3^!
Price
Bonds, due or callable
in 10 years or more 4/

July
21

Week!Ly averages
Last
Year
This
ago *
week
week

4.996
5.095

4.876
4.999

3.833
3.913

4.93
5.04
5.03

4.89
5.00
4.98

4.90
4.98
4.95

4.88
5.00
4.94

4.84
4.95
4.92

4.89
4.99
4.96

4.85
5.00
4.98

3.82
3.89
3.87

5.27

5.24

5.24

5.21

5.21

5.23

5.21

3.95

5.21

5.20

5.22

5.24

5.24

5.22

5.24

4.11

4.76

4. 75

4.74

4.75

4.74

4.75

4.78

4.14

j
77.57 {77.68 77.57 177.68 77.59 77.20 84.55
1
I
Yields are averages of those computed by the Federal Reserve Bank of New York
on the basis of closing bid prices. Yields on Treasury bills are computed on
a bank discount basis.
77.46

As of July 24, 1965.

1/

Currently includes the 4-1/4 per cent note of May 15, 1967.

2/

Currently includes the following note and bonds:
4 per cent bond of 10/1/69
4 per cent bond of 8/15/70
4 per cent bond of 2/15/70
5 per cent note of 11/15/70

3/

Currently
3-1/4 per
4
per
3-1/2 per
3-1/4 per
3-1/2 per

4/

Prices derived from average market yields on the basis of an assumed 3 per cent,
20-year bond.

includes the following bonds due or callable in 10-years or more:
cent of 1978-83
4-1/4 per cent of 1987-92
cent of 1980
4
per cent of 1988-93
cent of 1980
4-1/8 per cent of 1989-94
cent of 1985
3
per cent of 1995
cent of 1990
3-1/2 per cent of 1998

GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD

July 25,1966.