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F E D E R A L

R E S E R V E

statistical

For Immediate Release
April 5, 1977

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

G. 13

re I e as e

Monthly
Mar.
Feb.
4.69
4.68
4.75
4.76
4.87
4.82
4.77
4.75
4.80
4.73
6.25
6.25
5.25
5.25

Weekly
Mar. 19
4.62
4.75
4.88
4.75
4.81
6.25
5.25

Mar. 26
4.77
4.75
4.88
4.75
4.79
6.25
5.25

Apr. 2
4.74
4.75
4.88
4.85
4.76
6.25
5.25

4.652
4.965
5.226

4.545
4.813

4.553
4.826

4.609
4.870

4.662
4.896

4.613
4.883

4.66
4.93
5.23

4.63
4.92
5.22

4.59
4.87
5.18

4.57
4.85
5.17

4.57
4.81
5.15

4.67
4.90
5.16

4.60
4.88
5.19

5.55
6.11
6.49
6.96
7.22
7.46
7.75
7.81

5.52
6.12
6.50
6.96
7.23
7.49
7.76
7.82

5.49
6.08
6.46
6.90
7.17
7.45
7.72
7.78

5.49
6.06
6.44
6.89
7.18
7.45
7.71
7.77

5.45
6.05
6.45
6.94
7.22
7.45
7.74
7.79

5.47
6.09
6.44
6.83
7.16
7.39
7.64
n.a.

5.50
6.09
6.47
6.93
7.20
7.46
7.74
7.80

5.55
6.76
3 to 5 years. .
.
7.21
10 years or more (long-term) 5/ . . . .
55.78
Price of long-term Treasury bonds 5 / 6 / . . . . .
8.51
Average yields on corporate bonds {Moody's). . .
8.10
9.16
5.20
State and local government Aaa (Moody's) . . . .

5.54
6.77
7.22
55.67
8.52
8.12
9.15
5.23

5.50
6.71
7.20
55.85
8.50
8.09
9.10
5.20

5.46
6.68
7.18
55.95
8.51
8.09
9.09
5.20

5.45
6.70
7.19
55.91
8.53
8.10
9.11
5.20

5.50
6.69
7.15
56.23
8.48
8.04
9.12
5.17

5.50
6.73
7.20
55.83
8.51
8.10
9.12
5.21

Mar. 5
Instruments
4.68
Federal funds (effective rate) 1/. . . . ...
4.75
Commercial paper (prime, 90 to 119 days) . . • •
4.85
Commercial paper (prime, 4 to 6 mos.). . . . . .
4.75
Bankers' acceptances (prime, 90 days). . . . . . .
4.83
Prime loan (large business prime rate-majority).
6.25
Discount rate (Federal Reserve Bank of New York)
5.25
Yields on U.S. Government securities 2/
Auction Average (Issue date):
4.708
6-month bill
. • • • • • • .
• .* 4.943
Market Yields:
3-month bill

. . • ....

.

1-year bill
Treasury constant maturities 3/
1

I
1/
*

3-year
5-year.
. . . . . . .
7-year. . . . . . . . . . . . . . . . .
10-year
... . . . . . . .
20-year. . . . . . . . . . . . . . . . .
30-year
Coupon issues due in: 4/

Mar. 12
4.63
4.75
4.85
4.75
4.84
6.25
5.25

Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury Department.
Unweighted average of all issues outstanding. 5/ Bonds neither due nor callable in less than 10 years.
Derived from "long-term" yield above on the basis of an assumed 20-year bond with a 3 per cent coupon.
Averages of daily figures except for state and local governments, which are based on Thursday figures.




INTEREST RATES
(Yields in per cent per annum)

G.13 continued
April 5, 1977

Daily
Mar. 1977
1

2
3
4
7

8
9

14
15

16
17
18

21

22
23
24
25

28
31
1/

4.70
4.65
4.68
4.66

Comm.
paper
90-119
days
4.75
4.75
4.75
4.75

3-mo.
bill
4.70
4.64
4.61
4.63

6-mo
bill
4.97
4.91
4.91
4.93

1-yr.
bill
5.27
5.21
5.20
5.22

Coupons due in:
Treasury constant maturities
1-yr.I 2-yr.| 3-.yr.| 5-.yr.I 7-yr.l 10-yr.l 20-yr. |30-yr. 3-5 yrs. [ Over 10
7.23
6.79
7.84
7.77
7.49
5.62 6.16 6.54 6.99 7.26
7.21
6.76
7.81
7.75
7.45
5.54 6.12 6.47 6.93 7.19
7.19
6.73
7.79
7.73
7.43
5.53 6.08 6.43 6.90 7.17
7.22
7.82
6.77
7.76
7.48
5.52 6.10 6.50 6.98 7.24

4.70
4.63
4.41
4.65
4.62

4.75
4.75
4.75
4.75
4.75

4.65
4.66
4.63
4.62
4.59

4.96
4.97
4.93
4.91
4.85

5.25
5.25
5.23
5.22
5.15

5.54
5.54
5.53
5.54
5.45

6.12

4.67
4.61
4.57
4.67
4.66

4.75
4.75
4.75
4.75
4.75

4.57
4.57
4.62
4.62
4.59

4.83
4.84
4.91
4.91
4.87

5.13
5.16
5.21
5.22
5.17

5.44
5.47
5.49
5.55
5.50

6.06
6.06
6.08

4.72
4.69
5.34
4.76
4.75

4.75
4.75
4.75
4.75
4.75

4.56
4.56
4.54
4.59
4.62

4.82
4.83
4.82
4.88
4.88

5.14
5.15
5.14
5.21
5.21

5.48
5.47
5.46
5.50
5.53

4.74
4.67
4.74
4.72

4.75
4.75
4.75
4.75

4.59
4.59
4.57
4.54

4.84
4.84
4.81
4.78

5.17
5.17
5.15
5.12

5.48
5.48
5.45
5.40

Federal
funds

U. S. Government Securities 1/

Bills quoted on a bank discount basis.




6.51
6.54
6.53
6.49
6.44

6.99
6.99
6.97
6.95
6.90

7.24
7.25
7.24
7.22
7.20

7.50
7.52
7.50
7.49
7.44

7.76
7.78
7.76
7.76
7.73

7.84
7.84
7.81
7.81
7.80

6.79

6.77
6.76
6.72

7.24
7.24
7.22
7.22
7.20

6.44
6.46
6.47
6.50
6.44

6.89
6.87
6.90
6.94
6.90

7.17
7.16
7.17
7.20
7.16

7.45
7.44
7.44
7.47
7.44

7.74
7.71
7.72
7.72
7.70

7.80
7.78
7.79
7.78
7.76

6.72
6.71
6.71
6.73
6.70

7.22
7.20
7.19
7.20
7.18

6.03
6.04
6.04
6.07

6.41
6.42
6.43
6.46
6.50

6.88

7.43
7.43
7.44
7.46
7.48

7.69
7.70
7.72
7.73
7.73

7.74
7.77
7.78
7.78
7.78

6.67

6.90
6.94

7.15
7.15
7.18
7.19
7.23

6.69
6.72

7.17
7.18
7.18
7.19
7.20

6.11

6.50
6.46
6.43
6.42

6.96
6.93
6.95
6.94

7.22
7.22
7.22
7.21

7.47
7.47
7.44
7.42

7.74
7.77
7.73
7.72

7.80
7.80
7.80
7.79

6.73
6.71
6.69
6.69

7.20
7.20
7.19
7.18

6.14

6.12
6.11
6.09

6.14

6.08

6.10

6.08
6.05

6.01

6.87

6.88

6.80

6.66

6.68