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F E D E R A L

R E S E R V E

statistical

SELECTED INTEREST RATES AND BOND PRICES
(Yields in per cent per annum) 1/

Federal funds (effective rate) 2/
Commercial paper (prime, 90 to 119 days)
Commercial paper (prime, 4 to 6 mos.)
Finance paper placed directly (3 to 6 mos.) . . . .
Bankers1 acceptances (prime, 90 days)
Prime loan (large business prime rate-majority) . .
Discount rate (Federal Reserve Bank of New York). .
U.S. Government securities 3/
Auction Average (Issue date):

Market Yields:
1-year bill
Treasury constant maturities;
- 2-year
3-year
7-year
10-year
20-year

. . . . . . .
4/
c

/
•
.

Coupon issues due in: 5/
3 to 5 years
. .
10 years or more (long-term) 6/. . . . . .
Price of long-term Treasury bonds 6/77
Corporate
Asa .
Baa .
State and

bonds (Moody's), all industries . . . . . . . . V. .... . . . . . . . . ....
....
local government Aaa (Moody's).. . . . .

Conventional mortgages 8/
SEE BACK FOR FOOTNOTES.




.

release

For Immediate Release
April 3, 1979

Weekly
Mar. 17
10.21
9.98
10.03
9.85
10.00
11.75
9.50

Mar. 24
10.09
9.90
9.95
9.70
9.97
11.75
9.50

Mar. 31
10.00
9.76
9.81
9.51
9.82
11.75
9.50

9.364
9.415
9.485

9.475
9.457

9.498
9.483

9.498
9.437

9.265
9.349

9.457
9.458

9.44
9.45
9.40

9.51
9.51
9.43

9.54
9.47
9.37

9.46
9.43
9.29

9.32
9.41
9.39

9.48
9.47
9.38

10.30
.W.36
89
9.80
- V . 4 5 j* - 9.39
9.28
9.20
9.22
9.13
9.18
9.11
9.12
9.08
9.08
9.03

10.31
: 9.82
9.39
"9.20
9.16
9.12
9.07
9.03

y10.22
9.79
9.38
9.21
9.15
9.12
9.08
9.03

10.11 ,, 10.24
9.72
9.%2
9.33
949
9.18
9.13
9.13
9.11
9.09
9.10
9.05
9.03
9.01
• 9.00

10.25
9. >79
9.38
9.20
9.15
9.12
9.08
9.03

9.32
8.49
47.59

9.24
8.45
47.85

9.24
8,45
47.84

, 9.24
8.45
47.85

9.23
8.43
47.94

9.16
8.43
47.97

9,25
8.45
47.84

9,73
9; 36
10.21
5.80

9.75
9.35
10.23
5.80

9.76
9 38
10.24
5.80

: 9.78
9.38
10.28
5.80

9.77
9.35
10.28
5.90

9.63
9.26
10.08
5.66

9 76
9.37
10.26
5.82

10.43

10.40

10.40

10.45

10.45

10.41

10.43

Mar. 3
10.06
9.96
10.03
9.84
10.03
11.75
9.50

Mar. 10
10.07
9.95
10.01
9.84
9.97
11.75
9.50

9.451
9.498
9.44
9.50
9.50

Monthly
Feb.
Mar.
10.06
10.09
9.95
9.90
10.01
9.96
9.85
9.73
10.01
9.94
11.75
11.75
9.50
9.50

INTEREST RATES
(Yields in per cent per annum)
Federal
funds

Comm.
paper
90-119
days

3-mo
bill

6-mo
bill

1-yr
bill

1-yr

2-yr

Treasury constant maturities
3-vr
5-yr
7-yr
10-yr

20-yr

30-yr

10.05
10.11

9.96
9.97

9.40
9.41

9.48
9.49

9.49
9.47

10.41
10.38

9.87
9.87

9.44
9.44

9.28
9.26

9.22
9.20

9.17
9.16

9.14
% 12

9.09
9.09

10.15
9,95
10.04
10,02
10.17

9.97
9.96
9.94
9.95
9.95

9.40
9.42
9.42
9.42
9.52

9.46
9.45
9.43
9.40
9.53

9.40
9.42
9.38
9.34
9.48

10.30
10.32
10.27
10.22
10.38

9.83
9.83
9.81
9.76
9.79

9.41
9.41
9.39
9.35
9.38

9.22
9.20
9.18
9.18
9.20

9.14
9.13
9.12
9.12
9.15

9.11
9.14
9.10
9.10
9.11

9.09
9.09
*.06
9.06
9.08

9.02
9.06
9.02
9.01
9.04

15
16

10.30
10.22
10.39
10.14
10.19

9.98
9.98
9.98
9.98
9.97

9.51
9.51
9.52
9.49
9.52

9.50
9.50
9.51
9.50
9.52

9.42
9.42
9.44
9.43
9.43

10.31
10.30
10.32
10.31
10.30

9.81
9.80
9.82 *
9.82
9.84

9.38
9.38
9.40
9.40
9.40

9.18
9.20
9.21
9.21
9.22

9.13
9.15
9.16
9.16
9.18

9.11
9.11
9.12
9.14
9.12

9.07
9.06
9.08
9.08
9.08

9.02
9.02
9.04
9.05
9.03

19
20
21
22
23

10.11
9,93
9.91
10.01
10.01

9.96
9.93
9.89
9.86
9.85

9.50
9.52
9.56
9.56
9.55

9.50
9.47
9.47
9.47
9,44

9.40
9.38
9.38
9.36
9.33

10.27
10.24
10.24
10.21
10.16

9.81
9.79
9.79
9.77
9.77

9.38
9.39
9.39
9.37
9.36

9.21
9.21
9.21
9.20
9.20

9.16
9.15
9.15
9.15
9.15

9.12
9.13
9.13
9.12
9.12

9.07
9.09
9.08
9.07
9.08

9.03
9.04
9.03
9.03
9.02

26
27
28
29
30

10.08
10.03
9.83
10.01
10.07

9.78
9.79
9.78
9.73
9.72

9.54
9.49
9.43
9.39
9.44

9.44
9.44
9.40
9.41
9.47

9.31
9.29
9.24
9.27
9.35

10.14
10.11
10.05
10.08
10.17

9.76
9.73
9.71
9.67
9.72

9.35
9.34
9.32
5.29
9.34

9.20
9.18
9.16
9.15
9.19

9.16
9.13
9.11
9.10
9.14

9.12
9.11
9.07
9.06
9.11

9.06
9.06
9.04
9.03
9.07

9.03
9.01
8.99
8.99
9.02

Daily
19*9
Marsh
r

%
5
6
7
8

*
12
IS

1/
~
2/
1/
4/
5/
Z/
7/
S/

'

U.S. Government Securities 3/

Average of daily figure* except for State and local Government and conventional mortgagee, which are based on Thursday
and Friday figure*, respectively,
7-day average for etateewt week ended on preceding Wednesday*
Bill* quoted on bank discount basis.
Yield* on actively traded issues adjusted to constant maturities. Source: U.S. Treasury.
Unweighted average of all Issues outstanding.
Bonds neither due nor callable in less than 10 years, including a number of very low yielding "flower" bonds.
Derived from "long-term" yields above on the basis of an assumed 20-year bond with a 3 per cent coupon.
Contract interest rates on commitments for first mortgages. Source: VHLMC.