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FEDERAL

RESERVE

statistical

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

G.13
Instruments

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

Coupon issues due in:

For Immediate Release
April 4, 1978
Monthly
Feb.
Mar.
6.79
6.78
6.76
6.75
6.80
6.80
6.73
6.74
6.79
6.82
8.00
8.00
6.50
6.50

Mar. 4
6.80
6.75
6.80
6.73
6.80
8.00
6.50

Mar. 11
6.76
6.75
6.79
6.73
6.80
8.00
6.50

Weekly
Mar. 18
6.77
6.75
6.79
6.73
6.80
8.00
6.50

Mar. 25
6.77
6.75
6.80
6.74
6.76
8.00
6.50

Apr. 1
6.82
6.75
6.80
6.75
6.80
8.00
6.50

6.429
6.709

6.349
6.676

6.302
6.624

6.207
6.547

6.310
6.666

6.457
6.740

6.319
6.644

6.39
6.70
6.84

6.29
6.64
6.81

6.27
6.61
6.80

6.21
6.57
6.77

6.34
6.66
6.89

6.45
6.74
6.86

6.29
6.63
6.82

7.34
7.59
7.71
7,87
7.95
8.04
8.21
8.25

7.29
7.56
7.69
7.85
7.94
8.03
8.21
8.23

7.28
7.54
7.64
7.81
7.91
8.00
8.17
8.20

7.25
7.54
7.65
7.81
7.90
7.98
8.17
8.19

7.39
7.65
7.79
7.94
8.02
8.12
8.27
8.30

7.34
7.57
7.67
7.83
7.94
8.03
8.22
8.25

7.31
7.58
7.70
7.86
7.95
8.04
8.21
8.23

Market Yields:

Treasury constant maturities

release

4/

5j

7.76
7.76
7.83
7.71
7.72
7.77
7.78
7.63
7.68
7.60r*
7.60
7.60
7.62
7.64
52.90
53.09r*
52.58
53.08
53.09
52.93
52.84
8.80
8.78
8.81
8.78
8,79
8.81
Average yields on corporate bonds (Moody's) .... .... . . 8.80
8.47
8.47
8.48
8.45
8.45
8.48
8.49
9.22
9.20
9.25
9.21
9.22
9.22
9.21
5.24
5.10
5.11
5.10
5.10
5.10
5.15
State and local government Aaa (Moody's).
jLf Average ui uaxxj- xxgutco
—
o
»
„4
,
.
, , , "T",
average for statement week ended on preceding Wednesday. 3/ Bills quoted on bank discount basis. 4/ Yields on
actively traded issues adjusted to constant maturities. Source: U . S . Treasury Department. 5/ Unweighted average
of all issues outstanding. 6/ Bonds neither due nor callable in less than 10 years. 7/ Derived from "long-term
yields above on the basis of an assumed 20-year bond with a 3 per cent coupon. * Revisions for yield and price
FRASER

Digitized for
week ending Feb. 18, 7.63 and 52.88; Feb. 25, 7.66 and 52.71.


,
. . INTEREST RATES
(Yields in per. cent per annum)

G.13 continued
Daily
March
1978

Comm.
Federal paper
funds 90-119
days

U.S. Government Securities 1/2/
3-mo
bill

6-mb
bill

1-yr
bill

1-yr

2-yr

Treasury constant maturities
3-yr
5-yr
7--yr 10-yr 20-yr

30,-yr

1
2
3

6 86
6 .78
6 77

6.75
6.75
6.75

6.42
6.39
6.34

6.73
6.69
6.68

6 .86
>6 .85
6 .85

7.35
7.37
7.36

7.59
7.59
7.59

7.71
7.71
7.71

7..87
7,.87
7..87

7. 96
7..96
7..96

8.05
8.04
8.04

8.22
8.22
8.22

8.26
8.25
8.24

6
7
8
9
10

6 .81
6 .72
6 .72
6 .76
6,.77

6.75
6.75
6.75
6.75
6.75

6.32
6.32
6.29
6.25
6.28

6.67
6.65
6.63
6.63
6.62

6 .83
6 .81
6 .80
6 .81
6 .82

7.31
7.28
7.27
7.28
7.30

7.58
7.56
7.54
7.56
7.54

7.71
7.70
7.69
7.68
7.65

7,.87
7..85
7,.85
7..85
7,.82

7.,96
7..94
7..95
7..95
7..92

8.05
8.03
8.03
8.02
8.00

8.23
8.21
8.21
8.20
8.18

8.25
8.23
8.23
8.22
8.21

13
14
15
16
17

6,.81
6..75
6,.77
6,.76
6,.75

6.75
6.75
6.75
6.75
6.75

6.27
6.30
6.27
6.25
6.24

6.62
6.64
6.62
6.60
6.59

6 .81
6 .82
6 .80
6 .79
6 .78

7.29
7.30
7.28
7.27
7.26

7.54
7.54
7.54
7.54
7.55

7.64
7,.82
7.64 .. 7,.81
7.64
7 .81
7.64
7 .82
7.64
7 .81

7..91
7..91
7,.91
7,.91
7..90

7.99
7.99
8.00
8.00
8.00

8.17
8.17
8.17
8.17
8.17

8.20
8.20
8.20
8.20
8.20

20
21
22
23
24

6 .84
6 .76
6 .78
6,.77
6 .78

6.75
6.75
6.75
6.75

6.16
6.22
6.22
6.24

6.53
6.56
6.58
6.60
M
A

6 .72
6 .75
6 .78
6 .81
K
R

7.20
7.23
7.26
7.29
E
T

7.53
7.53
7.54
7.56

7.62
7.63
7.66
7.69
C

7 .78
7 .79
7 .81
7 .86
0
L

7,.88
7.88
7,.90
7.93
E
£

7.97
7.97
7.98
8.01
D

8.15
8.15
8.16
8.20

8.18
8.18
8.19
8.22

27
28
29
30
31

6,.89
6..84
6.88
6,.91
6.97

6.75
6.76
6.76
6.75
6.75

6.28
6.28
6.28
6.37
6.47

6.63
6.63
6.62
6.69
6.74

6 .85
6 .83
6 .85
6 .94
6 .98

7.34
7,33
7.36
7.42
7.48

7.61
7.64
7.64
7.64
7.70

7.76
7.78
7.78
7.78
7.83

7 .91
7.94
7 .94
7 .95
7 .97

8,.00
8.,03
8..02
8,.02
8,.05

8.12
8.12
8.11
8.12
8.15

8.26
8.25
8.26
8.26
8.31

8.30
8.29
8.28
8.29
8.33

If
2/

Bills quoted on a bank discount basis.
Daily data for two series—coupons due. in 3t5 yrs. and Over 10.—will no longer be published.