Full text of G.13 Selected Interest Rates : July 6, 1977

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FEDERAL

R E S E R V E

statistical

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

G.13
Instruments

June 4 June 11
5.36
5.31
5.48
5.48
5.53
5.51
5.38
5.38
5.42
5.42
6.75
6.75
5.25
5.25

Weekly
June 18
5.37
5.40
5.50
5.38
5.41
6.75
5.25

release

For Immediate Release
July 6, 1977
June 25
5.43
5.40
5.48
5.38
5.39
6.75
5.25

July 2
5.43
5.38
5.44
5.38
5.35
6.75
5.25

Monthly
May
June
5.35
5.39
5.26
5.42
5.35
5.49
5.13
5.38
5,34
5.39
6.75
6.41
5.25
5.25

Federal funds ( e f f e c t i v e rate) 1/ . . . . .
Commercial paper (prime, 90 to 119 days). .
Commercial paper (prime, 4 to 6 mos.) . . .
Finance paper placed d i r e c t l y (3 to 6 mos.)
Bankers' acceptances (prime, 90 days) .
Prime loan (large business prime rate-majority)
Discount r a t e (Federal Reserve Bank of New York)
Yields on U.S. Government s e c u r i t i e s 2/
Auction Average (Issue d a t e ) :
4.993
5.048
5.012 4.965
5.000
4.942
5.004
3-month b i l l . . . . . . . . . . . .
5.192
5.234
5.222
5.173
5.167
5.193
5.198
6-month b i l l . .
5.408
1-year b i l l
. . ....
.
x
Market Yields:
5.03
5.06
5.01
5.01
4.97
4.96
5.02
3-month b i l l . . . . . . . . . . . . . .
5.23
5.24
5.20
5.19
5.22
5.20
5.21
6-month b i l l . . . . . . . . . . . . . .
5.42
5.41
5.39
5.41
5.43
5.40
5.43
1-year b i l l
. . . . . . . . . . . . . .
Treasury constant maturities 3/
5.86
5.83
5.72
5.80
5.84
5.80
5.79
1-year* *
. . . . . .
6.20
6.11
6.07
6.16
6.11
6.25
6.13
2-year . . . . . . . . . . . . . . . .
6.46
6.49
6.35
6.35
6.32
6.55
6.39
3-year . . . . . . . . . . . . . . . .
6.87
6.68
6.76
6.84
6.72
6 72
6.94
5-year
.
7.26
7.05
7.13
6.98
7.01
7.01
7.17
7-year .
. . .
7.35
7.22
7.46
7.28
7.38
7.25
7.24
10-year . . . . . . . . . . . . . . . .
7.57
7.64
7.68
7.74
7.63
7.63
7.68
20-year . . . . . . . . . . . . . . . .
7.64
7.57
7.80
7.68
7.61
7.61
7.74
30-year . .
. . . .
Coupon issues due i n : 4/
5.76
5.81
5.68
5.83
5.80
5.75
5.74
9 to 12 months
. .
6.58
6.68
6.76
6.54
6.49
6.71
6.56
3 to 5 years
. . . . . . . . . . . .
6.99
6.95
7.17
7.07
6.96
6.90
7.10
10 years or more (long-term) 5 / . . . .
56.06
57.38
58.05
57.59
57.66
56.81
56.58
Price of long-term Treasury bonds 5 / 6 / . . . . .
8.38
8.47
8.35
8.32
8.36
8.45
8.42
Average yields on corporate bonds (Moody's) . .
7.95
8.05
7.91
7.94
7.94
7.98
8.00
Aaa
8.91
8.87
8.88
9.01
8.89
8.95
8.98
Baa
. . . . . . . .
5.21
5.23
5.18
5.20
5.20
5.20
5.26
State and local government Aaa (Moody's).
7-day average f o r statement week ended on preceding Wednesday. 2/ Bills quoted on bank discount b a s i s .
Yields on actively traded issues adjusted to constant m a t u r i t i e s .
Source: U.S. Treasury Department.
Unweighted average of a l l issues outstanding. 5/ Bonds neither due nor callable in less than 10 years.
Derived from "long-term" y i e l d above on the basis of an assumed 20-year bond with a 3 per cent coupon.
Averages of daily figures except f o r s t a t e and local governments, which are based on Thursday f i g u r e s .
May 25 revised to 5.88; wk. avg. to 5.91.

I




INTEREST RATES
(Yields in per cent per annum)

6 . 1 3 continued
July 6 , 1977

Federal
funds

Comm.
paper
90-119
days

3-mo
bill

6-mo
bill

1-yr
bill

U.S. Government S e c u r i t i e s 1J
Treasury constant m a t u r i t i e s
1 - y r 2 - y r 3-yr 5 - y r 7-yr 10-yr 20-yr 30-yr

1
2
3

5.24
5.37
5.32

5.50
5.50
5.40

5.04
5.04
5.02

5.23
5.24
5.21

5.42
5.44
5.41

5.85
5.86
5.85

6.24
6.20
6.19

6.48
6.50
6.48

6.87
6.87
6.86

7.18
7.18
7.16

7.38
7.39
7.36

7.68
7.68
7.66

7.75
7.74
7.72

6
7
8
9
10

5.32
5.23
5.30
5.33
5.34

5.50
5.40
5.50
5.50
5.50

5.04
5.05
5.06
5.08
5.06

5.24
5.24
5.24
5.25
5.21

5.84
5.84
5.83
5.84
5.82

6.18
6.17
6.15

6.48
6.46
6.45
6.49
6.42

6.87
6.85
6.84
6.85
6.78

7.15
7.14
7.13
7.14
7.07

13
14
15
16
17

5.37
5.30
5.54
5.38
5.37

5.40
5.40
5.40
5.40
5.40

5.03
5.01
5.02
5.02
4.99

5.19
5.19
5.20
5.22
5.20

5.44
5.43
5.43
5.45
5.41
5.38
5.38
5.41
5.43
5.4G

5.81
5.77
5.82
5.82
5.80

6.13
6.08

6.40
6.30
6.36
6.36
6.34

6.74
6.68
6.73
6.74
6.72

7.02
6.98
7.01
7.02
7.02

7.37
7.36
7.36
7.35
7.30
7.27
7.22
7.23
7.24
7.24

7.67
7.68
7.70
7.69
7.67
7.64
7.60
7.62
7.64
7.64

20
21
22
23
24

5.39
5.36
5.77
5.40
5.43

5.40
5.40
5.40
5.40
5.40

5.01
5.03
5.02
5.02
4.98

5.22
5.23
5.22
5.23
5.19

5.42
5.42
5.41
5.43
5.39

5.78
5.81
582
5.84
5.70

6.11 6.36 6.74 7.04 7.27

27
28
29
30

5.42
5 29
5.63
5.64

5.38
5.38
5.38
5.38

4.93
4.96
4.97
4.98

5.17
5.17
5.18
5.19

5.38
5.36
5.38
5.39

5.72
5.70
5.72
5,72

6.06
6.06
6.05

Daily
June 1977

^
*

fc
W
1/

B i l l s quoted on a bank discount b a s i s .




6.16

6.15

6.11
6.12
6.10
6.12

6.12
6.12
6.10

6.08

Coupons due i n :
3-5 yr$ Over 10
7.10
7.10
7.09

7.72
7.67
7.67
7.67
7.66
7.62
7.59
7.60
7.62
7.62

6.70
6.70
6.70
6.70
6.69
6.69
6.68
6.63
6.59
6.53
6.55
6.56
6.55

7.09
7.08
7.07
7.06
7.03
6.98
6.95
6.95
6.96
6.96

6.35
6.34
6.36
6.34

6.74
6.70
6.72
6.68

7.01
7.00
7.01
6.97

7.26
7.25
7.26
7.20

7.65
7.65
7.63
7.64
7.60

7.63
7.62
7.61
7.61
7.59

6.57
6.55
6.53
6.54
6.49

6.97
6.97
6.95
6.95
6.91

6.30
6.30
6.30
6.33

6.65
6.64
6.68
6.70

6.96
6.93
6.98
7.00

7.20
7.16
7.19
7.20

7.60
7.58
7.52
7.57

7.58
7.56
7.56
7.58

6.47
6.45
6.48
6.51

6.90
6.88
6.89
6.90