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F E D E R A L R E S E R V E statistical release
For Immediate Release
July 3, 1979

SELECTED INTEREST RATES AND BOND PRICES
(Yields in percent per annua) 1/

G.13(415)

Monthly
May
June
10.24
10.29
9.76
9.95
9.71
9.98
9.44
9.75
9.79
9.98
11.65
11.75
9.50
9.50

Weekly
June 16
10.23
9.77
9.71
9.46
9.73
11.75
9.50

June 23
10.28
9.66
9.61
9.35
9.76
11.50
9.50

June 30
10.32
9.67
9.61
9.29
9.72
11.50
9.50

9.554
9.425

8.957
9.047

8.869
8.873

8.802
8.903
8.829

9.55
9.44
9.05

9.36
9.29
8.94

8.97
9.01
8.74

8.96
8.99
8.84

8.83
8.88
8.64

9.61
9.54
9.27

9.06
9.06
8.81

9.88
9.54
9.19
9.01
9.01
9.04
9.06
9.06

9.74
9.41
9.06
8.91
8.94
8.97
8.98
8.98

9.48
9.15
8.90
8.80
8.82
8.88
8.89
8.90

9.61
9.25
8.99
8.89
8.87
8.95
8.93
8.93

9.39
9.00
8.81
8.76
8.78
8.83
8.82
8.85

10.12
9.78
9.42
9.24
9.23
9.25
9.21
9.19

9.57
9.22
8.95
8.85
8.86
8.91
8.91
8.92

9.08
8.44
47.89

8.97
8.37
48.27

8.85
8.29
48.76

8.93
8.32
48.57

8.78
8.25
" 48.99

9.30
8.55
47.24

8.89
8.32
48.61

State and local government Aaa (Moody's)

9.94
9.48
10.45
5.75

9.90
9.41
10.44
5.75

9.81
9.25
10.39
5.40

9.76
9.23
10.35
5.50

9.72
9.23
10.32
5.50

9.96
9.50
10.47
5.81

9.81
9.29
10.38
5.54

Conventional mortgages 8/

10.90

11.03

11.05

11.10

11.10

10.69

11.04

Instruments
Commercial paper (prime, 90 to 119 days)

Bankers 1 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):

1-year bill
Market Yields:
3-month bill

. . . . . . .

Treasury constant maturities:

30-year
. .
Coupon issues due in:

June 9
10.23
9.92
9.88
9.62
9.90
11.75
9.50

9.526
9.409
9.153

9.579c
9.531c

9.046
9.062

4/

. . . . . .
5/

Corporate bonds (Moody*s), all industries

c - Corrected.
SEE BACK FOR OTHER FOOTNOTES.




June 2
10.28
9.92
9.91
9.70
9.93
11.75
9.50

. . . .

INTEREST RATES
(Yields in percent per annum)
Daily
1979
June

4
5

6
7

8
11

12
13
14
15

18
IB

20
21
22
25

26
27

28
29

1/
~
2/
3/
4/
5/
6/
~
7/
8/

Comm.
paper
90-119
days

3-mo
bill

6-mo
bill

1-yr
bill

10.24

9.91

9.52

9.44

10.23
10.19
10.17
10.26
10.26

9.91
9.93
9.94
9.93
9,91

9.54
9.44
9.35
9.29
9.18

9.44
9.33
9.27
9.24
9.19

10,31
10.24
10.01
10.29
10.31

9.91
9.88
9.67
9.70

9.15
8.89
8.90
8.95
9.15

8.80
8.61

9.68

9.06
8.38
8.87
8.90
9,15

10.40
10.24
10.13
10.22
10.26

9.68
9.67
9.62
9.66
9.69

8.95
8.97
8.94
8.96
8.99

8.96
8.96
8.93
9.01
9.08

8.84

10.43
10.30
10*50
10.54
10.54

9.68
9.69
9.67
9.65
9.66

8.75
8.76

8.91
8.84

8.82

8.73
8.64
8.56

8.90
8.95

8.95

8.65

Federal
funds

U.S. Government Securities

8.81

8.88

3/

1-yr

2-yr

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

9.08

9.91

9.56

9.21

9.01

9.02

9.05

9.07

9.07

9.09
8.98
8.94
8.89

9.92
9.79
9.73
9.67
9.58

9.56
9.50
9.43
9.29
9.25

9.19
9.15
9.07
8.97
8.93

9.01
8.97
8.91

8.84

9.02
9.00
8.95
8.87
8.88

9.06
9.02
8.97
8.89
8.90

9.07
9.05
9.01
8.88
8.89

9.07
9.04
9.00
8.90
8.91

9.57
9.33
9.39
9.42
9.71

9.27
9.05
9.08
9.12
9.24

8.96

9.00

8.87
8.71
8.75
8.79
8.90

8.90
8.74
8.77
8.80
8.91

8.94
8.79
8.83
8.87
8.96

8.92
8.84
8.86
8.88
8.93

8.94
8.84
8.87
8.89
8.94

9.59
9.55
9.56
9.67
9.69

9.26
9.24
9.25
9.25
9.27

9.00

8.86

8.97
8.98
9.02

8.87

8.94

8.86
8.86
8.86
8.87
8.92

8.95
8.95
8.94
8.93
8.98

8.93
8.93
8.93
8.92
8.92

8.93
8.94
8.92
8.92
8.95

9.51
9.40
9.31
9.35
9.40

9.20
8.97
8.92
8.95
8.97

8.96
8.79
8.74
8.77
8.78

8.89
8.76
8.72
8.71
8.74

8.90
8.78
8.74
8.73
8.74

8.93
8.82
8.80
8.80
8.81

8.89
8.81
8.79
8.80
8.82

8.92
8.84
8.83
8.84
8.83

8.82
8.67
8.70
8.94

8.81

8.82
8.87

8.88

8.60

8.82
8.84

8.88
8.98

8.82

8.88

8.88

20-yr

30-yr

Average of daily figures except for State and local Government and conventional mortgages, which are based
on Thursday and Friday figures, respectively.
7-day average for statement week ended on preceding Wednesday.
Bills quoted on bank discount basis.
Yields 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 percent coupon.
Contract interest rates on commitments for first mortgages. Source: FHLMC.