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statistical

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

0.13(415)
Instruments

Apr. 7
9.95
9.83
9.85
9.66
9.90
11.75
9.50

Commercial paper (prime, 90 to 119 days)
Finance paper placed directly (3 to 6 aos.)
Prime loan (large business prime rate-majority). . .
Discount rate (Federal Reserve Bank of Neir York) . .
U.S. Government securities 3/
Auction Average (Issue date):

1-year bill
Market Yields:

Treasury constant maturities:

3-year
5-year

V

...
• . . . . # • .

Coupon issues due in:

r e l e a s e

For Immediate Release
May 2, 1979

Weekly
Apr. 14
Apr. 21
9.93
9.96
10.04
9.90
10.05
9.94
9.77
9.64
9.90
10.05
11.75
11.75
9.50
9.50

Monthly
April
March
10.01
10.09
9.85
9.90
9.87
9.96
9.64
9.73
9.90
9.94
11.75
11.75
9.50
9.50

Apr. 28
10.0?
9.65
9.68
9.51
9.75
11.75
9.50

9.593
9.496
9.230

9.649
9.572

9.613
9.627

9.115
9.295

9.457
9.458

9.493
9.498

9.53
9.46
9.26

9.70
9.65
9.37

9.41
9.45
9.22

9.23
9.40
9.27

9.48
9.47
9.38

9.46
9.49
9.28

10.09
9.72
9.34
9.18
9.12
9.09
9.05
9.01

•10.24
'9*83
' 9,46
9.28
9.23
9.18
9ill
9.07

10.04 ,
9.75
9.44
9.24
9.20
"< 9.17
9.12
' 9.06 :

10:12
9.80
9.47
9.28
9.26
9.25
9.20
9.15

10.25
9.79
9.38
> 9.20
9.15
9.12
9.08
9.03

10.12
9.78
9.43
9.25
9.21
9.18
•> 9.12
9.08

4/

V . . .4.
* . .

5/

^? 9.34 •
9.24
8.40
. —&«4.3 .
, 48.09 ... - 47,94..

47.96

9.35
8 *.47
47 . 6)Z Z

Baa . . . . . . . . . . . . . . .
. . . . . .
State and local government Aaa (Moody*s) •

9.76
9.31
10.29
5.85

9.79
9.37
10.33
5,85

9.:82 ™
9.39
10.36
5.75

9.86
9.44
10.36
5.75

Conventional mortgages 8/

10.48

10.48

10.50

10.53

10 yearsormore..(longTterm)_6/_..#
Price of long-term Treasury bonds 6/7/ . , - . . L.

SEE BACK FOR FOOTNOTES.




.

9.32

"—

9.25
.-8 s ,4 5.

9.32
_8.44
47.89

9.76
9.37
10.26
5.82

9.81
9.38
10.33
5.80

10.43

10.50

h

INTEREST RATES
(Yields in per cent per annum)
Daily
1479
April

Federal
funds

Comm.
paper
90-119
days

3-mo
bill

6-mo
bill

1-yr
bill

1-yr

2-yr

Treasury constant maturities
3-yr
5-yr
7-yr i 1.0-y*

U .S. Government Securities 3/

9.20 < ' 9.14
9.19
9.13 ;
9.18
9.12
9.15 ' 9.09
9.19 v '9.14

2
3
4
5
6

10.03
9.75
9.62
10.00
10.03

9.73
9.76
9.86
9.88
9.91

9.54
9.52
9.49
9.49
9.60

9.5i
9.49
9.40
9.40
9.51

9.36
9.30
9.21
9.17
9.27

10.18
10.11
10.00
10.02
10.13

9.74
9.73
9.71
9.68
9.75

9.35
9.35
9.33
9.32
9.36

9
10
11
12
13

10.02
10.03
9.38
10.02
9.83

9.95
10.02
10.08
10.10
M

9.62
9.75
9.72
9.69

9.62
9.66
9.66
9.65

9.36
9.38
9.38
9.37

10.22
10.25
10.24
10.23

9.81
9.81
9.85
9.85

9.42
9.23
9.45 » 9.27 ;
9.30 d
9.49
9i49 ' 9.30)0
C
L

16
17
18
19
20

10 03
9.98
10.18
10,02
10.07

10.11
10.13
9.93
9.69
9.65

9.66
9.50
9.29
9.30
9.31

9.64
9.49
9.36
9.36
9.40

9.35
9.24
9.14
9.14
9.21

10.20
10.07
9.95
9.95
10.02

9.86
9.77
9.71
9.68
9.73

9.50
9.45
9.43
9.41
9.43

23
24
25
26
27

10.22
10.25
9.96
10.05
10.16

9.73
9.68
9.62
9.57
9.65

9.20
9.10
9.07
9.14
9.66

9.33
9.36
9.33
9.37
9.63

9.17
9.20
9.23
9.29
9.48

9.97
10.01
10.04
10.17
10.39

9.73
9.75
9.77
9.80
9.93

30

10.43

9.86

9.56

9.57

9.39

10.29

9.91

E

K

R

A

T

9:11
9.10
9.09
9.07
9.10

?
2Q-y&" 30-yr'
i fi
9.08< > 9.02
9.01
9.05
91.04 ' 9.00 v
8.99
9.02
9.06^ > 9.01 ;
i )•

9.18
9.22 |
9.25
9.25 i
O

9.14
9.17
9.20
9:20
S

9.08)
9.04
9.09) ; 9.07 r
9L12J :v9.08 d
9.13 * 9.09K
E
D

9.29
9.24
9.22
9.20
9.26

9.24
9.20
9.18
9.16
9.22

9.17
9.16
9.15
9.15
9.19

9.14
9.12
9.10
9.10
9.12

9.09
9.07
9.06
9.06
9.11

9.45
9.46
9.44
9.44
9.56

9.26
9.29
9.26
9.28
9.33

9.23
9.25
9.24
9.26
9.31

9.21
9.24
9.23
9.27
9.32

9.17
9.18
9.18
9.21
9.24

9.13
9.14
9.13
9.18
9.19

9.53

9.35

9.33

9.35

9.26

9.22

1/ Average of daily figures except for State and local Government and conventional mortgagee, which are based on
"
Thursday and Friday figures, respectively.
2/
7-day average for statement week ended on preceding Wednesday.
37 Bills quoted on bank discount basis.
4/ Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury.
*5/ Unweighted average of all issues outstanding.
6/ Bonds neither due nor callable in less than 10 years, including a number of very low yielding "flower" bonds.
7/ Derived from "long-term" yields above on the basis of an assumed 20-year bond with a 3 per cent coupon,
15/ Contract interest rates on commitments for first mortgages. Source: F H U C .