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FEDERAL
r 13

'

RESERVE

statistical

SELECTED INTEREST RATES AND BOND PRICES
(Yields In per cent per annum) V

e

*

r.l.as.

For Immediate Release
March 6, 1979
Monthly
Feb.
Jan.
10.06
10.07
9.95
10.25
10.01
10.32
9.85
10.10
10.01
10.29
11.75
11.75
9.50
9.50

Weekly
Feb. 17
10.15
9.96
10.02
9.86
9.96
11.75
9.50

Feb. 24
9.97
9.97
10.03
9.88
10.06
11.75
9.50

Mar. 3
10.06
9.96
10.03
9.84
11.03
11.75
9.50

9.186
9.307
9.348

9.257
9.342

9.293
9.370

9.451
9.498

9.351
9.501

9.265
9.349

9.28
9.34
9.31

9.24
9.37
9.34

9.28
9.36
9.35

9.41
9.50
9.49

9.44
9.50
9.50

9.35
9.47
9.54

9.32
9.41
9.39

10.13
9.62
9.15r*
8.94
8.93
8.94
8.89
8.85

10.19
9.64
9.20
9.05
9.05
9.05
9.00
8.96

10.19
9.68
9.28
9.13
9.12
9.12
9.04
9.01

10.33
9.81
9.39
9.24
9.21
9.17
9.09
9.06

10.36
9.89
9.45
9.28
9.22
9.18
9.12
9.08

10.41
9.86
9.50
9.20
9.14
9.10
8.98
8.94

10.24
9.72
9.29
9.13
9.11
9.10
9.03
9.00

9.02
8.32
48.58

9.07
8.39
48.17

9.16
8.44
47.91

9.25
8.47
47.71

9.32
8.49
47.59

9.36
8.43
47.97

9.16
8.43
47.97

State and local government Aaa (Moody's). . . . .

9.60
9.19
10.07
5.70

9.60
9.23
10.04
5.60

9.61
9.25
10.04
5.60

9.65
9.28
10.10
5.75

9.73
9.36
10.21
5.80

9.65
9.25
10.13
5.95

9.63
9.26
10.08
5.66

Conventional mortgages 8/

10.40

10.43

10.40

10.40

10.43

10.39

10.41

Instruments
Commercial paper (prime, 90 to 119 days)
Commercial paper (prime, 4 to 6 moa.) . . . . . .
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 Hew York).
U.S. Government securities 3/ ,
Auction Average (Issue date):

Market Yields:
1-year bill
. * . . . . . . . • • • . . •
Treasury constant maturities: 4/

10-year
20-year
. . . . . . . . . . . . . . . .
30-year
. . . . . . . .
Coupon issues due in: 5/
3 to 5 years
Price of long-term Treasury bonds

6/7/ . . . . .

Corporate bonds (Moody's), all industries . . . .

SEE BACK FOR FOOTNOTES,



Feb. 3
10.12
9.99
10.07
9.86
9.92
11.75
9.50

Feb. 10
10.06
9.94
9.99
9.83
10.03
11.75
9.50

9.324
9.376

INTEREST RATES
(Yields in per cent per annum)
Daily
1979

Federal
funds

Comm.
paper
90-119
days

3-mo
bill

6-mo
bill

1-yr
bill

1-yr

2-yr

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

U.S . Government Securities y

:

20-yr-

30-yr

1
2

10.05
10.11

9.96
9.95

9.25
9.25

9.31
9.28

9.28
9.21

10.14
10.05

9.61
9.48

9.16
8.99

8^95
8.84

8.93
8.86

8.94
8.89

8.89
8.86

8.85
8.84

5
6
7
8
9

10.26
10.27
9.48
10.05
10.00

9.93
9.92
9.94
9.95
9.95

9.18
9.21
9.25
9.24
9.31

9.34
9.34
9.40
9.36
9.40

9.28
9.30
9.39
9.35
9.39

10.13
10.15
10.25
10.20
10.24

9.53
9.58
9.67
9.70
9.70

9.05
9.13
9.24
9.27
9.29

8,92
9,00
9.11
9.11
9.12

8.94
9.01
9.09
9.09
9.10

8.95
9.00
9.09
9.09
9.11

8.91
8.94
9.03
9.04
9.06

8.88
8.92
9.00
9.00
9.02

12
13
14
15
16

9.97
10.55
10.49
10.07
9.98

9.95
9.97
9.96
9.95

9.29
9.27
9.26
9.29

H
9.35
9.35
9.35
9.37

A

19
20
21
22
23

10.05
9.76
9.99
10.02

9.97
9.96
9.97
9.96

9.38
9.42
9.41
9.44

H
9.44
9.47
9.52
9.55

A

26
27
28

10.09
10.01
10.24

9.96
9.96
9.97

9.46
9.47
9.45

9.54
9.50
9.49

1/
""
2/
3/
%J
*5/
1[/
7/
*

R
9.36
9.35
9.34
9.35

K

R
9.41
9.48
9.53
9.55

K

9.53
9.50
9.50

E
10.20
10.19
10.18
10.18

T

E
10.24
10.32
10.37
10.39

T

10.37
10.33
10.33

9.69
9.67
9.68
9.68
9.69
9.71
9.90
9.92
9.91
9.89
9.89

C

L
9.28
9.28
9.28
9.28

0

S
9.12
9.13
9.13
9.14

E

D
9.10
9.12
9.12
9.12

9.11
9.12
9.12
9.11

9.04
9.04
9.04
9.04;

9.00
9.00
9.01
9.01

C

L
9.30
9.34
9.45
9.47

O

S
9.17
9.20
9.29
9.31

E

D
9.15
9.17
9.25
9.26

9.12
9.15
9.20
9.21

9.05
9.07
9.12;
9.13

9.02
9.04
9.08
9.10

9.23
9.24
9.22

9.20
9.19
9.17

9.12
9.12
9.12

9.08
9.08
9.08

9.46
9.46
9.45

9.28
9.30
9.29

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 per cent coupon.
Contract interest rates on commitments for first mortgages. Source: FHLMC.
February 2 revised to 8.99.