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—R&g" G. l h S. GOVERNMENT SECURITY YIELDS AND PRICES (Yields in per cent per annum) Price of longUo So Government security yields term bonds Long-term 3-month b i l l s 9-12 Old bonds year month Market Rate taxable 3/ Old Ih/New series yield on new taxable issues 3/ 2 / series series issues Issues 1/ 3.66 3.58 86.48 3.86 3.64 3.18 87.19 3.60 3.56 3.79 3.65 3 J.U 87.17 3.60 3.56 3.82 3.67 3,23... Closed 87.29 3.55 3.82 3.59 3.21 3.238 3.68 Closed Period 1957 - July 9 10 11 12 13 ' il17 ' 18 19 20 22 23 # 26 27 29 $ Weekly -average: 1957 - July 6 13 3.12 3.10 JLOfl3.171 3.15 3.11 Closed 3,06 3.06 2M-, 3.02 3.00 3.092 Closed 3.08 3.12 3.22 3 .2% - 3.158 3.26 Closed 3.30 3.33 3^38-. 3.86 >.85 3.83 3.57 3.58 3.60 3.59 3.58 3.54 3.56 3.56 3.56 3.56 87.56 87.44 87.19 87.31 87.44 3.68 3.69 3.70 3.69 3.72 3.86 3.90 3.88 3.90 3.95 3.59 3.62 3.62 3.64 3.66 3.56 3.56 3.56 3.58 3.58 87.29 87.04 86.96 3.73 3.74 3.73 3.76 3.75 4.01 3.98 3-98 3.97 3.95 3.69 3.69 3.69 3.68 3.67 3.58 3.59 3.62 3.62 3.63 86.23 86.25 86.27 86.35 86.48 3.76 3.76 3.76 3.97 3.91 3.90 3.68 3.65 3.64 3.62 3.62 3.62 86.42 86.75 86.77 87.03 87.39 86.95 86.32 3.67 3.66 3.70 3.70 3.69 3.79 3.82 27 t Monthly average: 3.19 3.13 3.04 3.18 3.16 3.238 3.171 3.092 3.1-58 3.165 3.66 3.68 3.70 3.74 3.71 3.82 3.83 3.90 3.98 3.89 3.61 3.58 3.63 3.68 3.63 3.56 3.56 3.57 3,61 3.58 Monthly average July 1956: 2.31 2.33k 2.62 2.97 2i97 3.05 20 86.81 86.65 86. 93.94 D "Note: Yields are averages of those computed by the Federal Reserve ank of New York on the basis of closing bid prices. Rate on new b i l l issue i s average of accepted tenders in Monday auction. . , 1/ 2-1/2 per cent bond of 3/57-58, 3-l/2 per cent c e r t i f i c a t e of U/15/58, 2-3/8 per cent bond of 6/l5/58, 2-7/8 per cent .note of 6/15/58. • , 2/ Includes the 2-1/8 per cent bond of l l / l 5 / 6 0 , 2-3/h per cent bond of 9/15/61, 2-1/2 per cent bond of l l / l 5 / 6 l , and the 3-5/8 per cent note of 2/15/62. 3/ Includes the following taxable marketable bonds due or callable in 10 t o 20 years: 2-1/2 per cent series of 6/67-72, 9/67-72, and 12/67-72. h/ 3-1/U per cent bond of 6/78-83, and 3 per cent bond of 2/15/95. http://fraser.stlouisfed.org/ August 6, 1957 GOVERNMENT FINANCE SECTION, BOARD OF GOVERNORS . Federal Reserve Bank of St. Louis