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. Oof c ov/ •.

FEDERAL
Wi6

G.14 '

V^

\
X

^A.uc-trtbn average
3-month
6-month
bills
bills

Periods
1973 - J u l y 2
3
4
5
6
7 '
9
10
11
12
13
14
16
17
' 18
19
20
21
23
24
25
26
. 27
28
30
31

CLOSED
7.987

8.011

RESERVE

.,•<

U . S . GOVERNMENT SECURITY YIELDS AND PRICES
( Y i e l d s i n per c e n t per annum)

-

U . S . Government s e c u r i t y y i e l d s
Market y i e l d *
Other i s s u e s
3-month
6-month
1-year
due in 9 - 1 2
bills
bills
bills
months 1/
7.90
7.99
7.87
7.90
7.98
7.94
7.64
7.90
7.95
7.92

7.90
7.96

7.65
7.68

7.92
7 .89
7.68
7.63
7.78

7.98
7.89
7.79
7.76
7.90

7.71
7.64
7.59
- 7.58
7.71

8.019

7.85
7.96^
8.03
8.13
8.17

7.92
8.07
8.13
8.34
8.40

8.03
8.18 8.17
8.23
8.25
8.23
8.32

7.14
7.19

6.42
6.43

61.78
61.70

8.-11
8.09
7.99
8,07
8.19,

7.31
7.26
7.26
7.29
7.34

6.44
6.42
6.42
6.42
6.44

61.62
61.78
61.78
61.78
61.62

7.77
7.80
7.89
8.10
8,29

8.26
8.28
8.35
8.58

7.37
7.39
7.43
7.56
7.66

6.46
. 6.4,7
6.48
6 . 53
6.55

61.46
61.38
61.30
60.90
60.74

8.25
8.32
8.33
8.37
8.47

8.16
8.26
8.38
8.41
8.49

8.60
8.66
8.73
8.78
8.90

7.64
7.69
7.71
7.86
7.92

6.57
6.57
6.58
6.69
6.79

60.58
60.58
60.50
59.64
58.87

8.43
8.40

8.45
8.37

8.93
8.92

7.93
7.99

6.81
6.84

58.71
58.49

CLOSED

7.967

8.023

CLOSED

8.114

8.272

CLOSED




P r i c e of
longterm
bonds 4 /
61.54
61.54

Longterm
bonds 3/
6.45
6.45

7.99
8.03

CLOSED

7.991

I s s u e s , due
in 3 to
5 y e a r s 2/
7.12
7.15

•

.

.

517

conL inued
C.14

U.S. GOVERNMENT SECURITY YIELDS AND PRICES
( Y i e l d s i n per c e n t per annum)

Auction average
3-month
6-month
bills
bills

Per i ods
Week e n d i n g :
1973 - J u l y 7
14
21
28

!
'
1
1
!

Month e n d i n g :
1973 - J u l y
1972 - J u l y
Note:

J_/

2/

4/

3-month
bills

7.987
7.991
7.967
8.114

8.011
' 8.019
8.023
8.272

7.94
7.78
8.03
8.17

8.015
4.059

8.081
4.583

8.01
3.98

Market y i e l d *
6-month
bills
bills
*•

Other issues
due in 9-12
months 1/

7.95
7.86
8.17
"8.35

7.71
7.65
7.97
8.34

!
1
!

8.12
4.50

7.97
4.90

j
i

7 96
8-09
8.40
8-73

'

I s s u e s , due
Longi n 3 to
' term
years V
bonds l /

j
:

8-37
4.89

|
i

Longterm
hnnHc /,/

7.15
7.29
7.48
7.76

'
'

6.44
6.43
6.50
6.64

61.64
61.72
61.16
60.0 3

7.49
5.86

'.6.53
5.57

60.87
69.23

|

Y i e l d s a r e a v e r a g e s of t h o s e computed by the F e d e r a l Reserve Bank of New York on t h e b a s i s of c l o s i n g bid
p r i c e s , ^ y i e l d s on T r e a s u r y b i l l s a r e computed on a bank d i s c o u n t b a s i s .

I n c l u d e s the 4 - 1 / 4 per c e n t bond of May 15, 1974 and the 7 - 1 / 4 per c e n t n o t e of May 15, 1974.
Currently
6 - 1 / 2 per
7 - 1 / 2 per
6 - 1 / 4 per

includes
c e n t of
c e n t of
c e n t of

the"following notes:
8/15/76
8/15/76
11/15/76

Currently
6 - 3 / 8 per
3 - 1 / 4 per
6 - 1 / 8 per
3 - 1 / 2 per
4 - 1 / 4 per

includes
c e n t of
c e n t of
c e n t of
c e n t of
c e n t of

the f o l l o w i n g bonds due or c a l l a b l e in 10 y e a r s
1984
4
1985
6-3/4
1986
4-1/8
1990
3
1987-92
7
3-1/2

Prices derived

8
per c e n t of 2 / 1 5 / 7 7
7 - 3 / 4 per c e n t of 8 / 1 5 / 7 7
6 - 1 / 4 per c e n t of 2 / 1 5 / 7 8
or
per
per
per
per
per
per

cent
cent
cent
cent
cent
cent

of
of
of
of
of
of

1988-93
1993
1989-94
1995
1993-98
199H

from a v e r a g e market y i e l d s on t h e b a s i s of an assumed 3 per c e n t , 2 0 - y e a r bond.


GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD


August 3, 1973