Full text of G.13 Selected Interest Rates : February 3, 1978

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FEDERAL

RESERVE

statistic

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

G.13
Instruments

K

Jan. 7
6.69

Weekly
Jan. 14
Jan. 21
6.58
6.78
6.73
6.82
6.77
6.85
6.65
6.75
6.98
6.89

r e l e a s e

For Immediate Release
February 3, 1978
Jan. 28
6.72
6.77
6.83
6.75
6.85

Monthly
Jan.
Dec.
6.70
6.56
6.61
6.75
6.64
6.79
6.52
6.69

federal funds (effective rate) 2/. . . .
ommercial paper (prime, 90 to 119 days).
6.66
Commercial paper (prime, 4 to 6 mos.) . .
6.69
Finance paper placed direct (3 to 6 mos.)
6.58
Bankers* acceptances (prime, 90 days) . ;
6.71
6.60
6.86
Prime loan (large business prime rate-majority)
7.75
8.00
8.00
8.00
7.75
7.93
Discount rate (Federal Reserve Bank of New York)
6.00
6.50
6.00
6.50
6.50
6.37
Yields on U.S. Government securities 3/
Auction Average (Issue date):
3-month bill
6.682
6.144
6.535
6.063
6.429
6.448
6-month bill . . . . . .
6.848
6.423
6.759
6.377
6.709
6.685
1-year bill
6.552
Market Yields:
3-month bill . . . .
6.60
6.20
6.48
6.07
6.44
6.44
6-month bill . . . . . . . . .
6.45
6.84
6.74
6.40
6.72
6.70
1-year bill
.
6.57
6.94
6.84
6.52
6.82
6.80
Treasury constant maturities 4/
1-year . . . . . . . . .
7.03
7.43
7.34
7.30
6.96*
7.28
2-year . . . . . . . . .
7.26
7.18
7.59
7.52
7.55
7.49
•
3-year
.
7.40
7.71
7.66
7.65
7.30
7.61
5-year . . . . . . . . .
7.59
7.85
7.48
7.81
7.79
7.77
7-year
.
7.72
7.93
7.89
7.89
7.59
7.86
10-year
7.83
8.01
7.69
7.98
7.98
7.96
20-year . . . . . . . . .
8.01
8.18
8.17
8.16
7.87
8.14
30-year . . . . . .
8.08
8.21
8.21
8.19
7.94
8.18
Coupon issues due in: 5/
3 to 5 years . . . .
7.78
7.52
7.75
7.40
7.74
7.71
10 years or more (long-term) 6/. .
7.36
7.54
7.54
7.23
7.55
7.50
Price of long-term Treasury bonds 6/7/ . .
54.76
53.52
53.52
53.45
55.62
53.74
Average yields on corporate bonds (Moody's)
8.64
8.72
8.76
8.79
8.54
8.74
Aaa . . . . . . .
8.30
8.40
8.44
8.47
8.19
8.41
Baa . .
. . . . . . •
. . . . . . .
9.10
9.16
9.21
9.20
8.99
9.17
State and local government Aaa (Moody's).
5.15
5.25
5.20
5.20
5.07
5.20
jL/ Average of daily figures except for State and local Government, which are based on Thursday figures.
2/ 7-day average for statement week ended on preceding Wednesday. 3/ Bills quoted on bank discount basis.
4J 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.
JJ Derived from "long-term" yields above on the basis of an assumed 20-year bond with a 3 per cent coupon.
* December 15 revised to 6.93; weekly average to 6.94.




f§)

INTEREST RATES
(Yields in per cent per annum)

G.13 continued

Daily
1978

Comm.
Federal paper
funds 90-119
days

U.S. Government Securities 1J
3-mo
bill

6-mo
bill

1-yr
bill

1-yr

Coupons due in:
Treasury constant maturities
2-yr 3-yr 5-yr 7-yr 10-yr 20--yr 30--yr 3-5 yrs Over 10

Jan. 2
3
4
5
6

M
7.05
6.68
6.56
6.50

A
6.69
6.69
6.64
6.63

R
6.18
6.16
6.20
6.25

K
6.45
6.43
6.44
6.48

E
6.55
6.53
6.58
6.62

T
7.00
7.00
7.04
7.07

7.24
7.24
7.26
7.28

7.39
7.38
7.39
7.42

7.58
7.58
7.58
7.60

C
7.72
7.71
7.71
7.74

L
7.83
7.82
7.83
7.85

0
8..00
8,,00
8..00
8 .02

S
8,,08
8,,08
8,.07
8..10

E
7.50
7.52
7.52
7.54

D
7.36
7.38
7.37
7.31

9
10
11
12
13

6.67
6.65
6.69
6.76
6.78

6.70
6.72
6.74
6.74
6.76

6.64
6.65
6.68
6.56
6.48

6.83
6.86
6.90
6.85
6.78

6.93
6.93
7.00
6.94
6.88

7.42
7.42
7.50
7.43
7.38

7.58
7.58
7.60
7.60
7.57

7.73
7.72
7.72
7.72
7.68

7.86
7.85
7.87
7.87
7.82

7.93
7.94
7.95
7.94
7.89

8.01
8.02
8.03
8.02
7.98

8 .17
8 .18
8 .18
8 .20
8 .16

8,.21
8,.20
8,.22
8 .22
8 .20

7.72
7.80
7.81
7.79
7.78

7.53
7.53
7.54
7.55
7.53

16
17
18
19
20

6.93
6.77
6.68
6.76
6.64

6.84
6.83
6.84
6.80
6.80

6.46
6.50
6.50
6.48
6.48

6.76
6.74
6.74
6.73
6.73

6.86
6.83
6.85
6.84
6.84

7.36
7.34
7.35
7.32
7.31

7.55
7.54
7.54
7.55
7.55

7.66
7.65
7.66
7.67
7.67

7.82
7.81
7.81
7.81
7.81

7.91
7.89
7.90
7.88
7.88

7.98
7.98
7.98
7.97
7.97

8 .17
8 .17
8 .16
8 .16
8 .16

8 .21
8 .19
8 .19
8 .19
8 .19

7.76
7.75
7.75
7.75
7.75

7.54
7.54
7.54
7.53
7.53

23
24
25

6.79
6.78
6.77
6.76
6.76

6.43
6.44
6.46
6.43
6.42

6.70
6.74
6.75
6.72
6.71

6.81

7.30
7.30
7.31
7.29
7.28

7.53
7.53
7.53
7.51
7.48

7.66
7.66

7.88
7.89
7.91
7.89
7.88

8.19

8.00

8.15
8.17
8.19

7.64
7.63

7.78
7.80
7.82
7.78
7.77

7.97
7.99

27

6.76
6.75
6.87
6.83
6.69

7.98
7.97

8.18 8.21
8.18 8.21

7.74
7.75
7.76
7.74
7.73

7.54
7.54
7.55
7.55
7.55

30
31

6.72
6.79

6.77
6.76

6.43
6.42

6.72
6.69

7.27

7.47
7.47

7.60
7.57

7.75
7.72

7.85
7.83

7.96
7.94

8.17

8.20

7.71
7.67

7.54
7.53

26

1/

6.83
6.84

6.81
6.81
6.80
6.78

Bills quoted on a bank discount basis.




7.26

7.68

8.20

8.23

8.16 8.18