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. Z.oo
G.

14
Period

1959 - December

1
2
3
4
5

U.S. GOVERNMENT SECURITY YIELDS AND PRICES
'
(Yields in per cent per annum)
U. S. Government security yields
Market yield
IOther issues Issues, due
Auction average
3-month 6-month 3-month 6-month 9-12 month due in 9-12 in 3 to 5
months l/
years 2/
bills
bills
bi^ls
bills
bills
4.86
4.82
4.91
4.44
4.99
4.91
4.90
5.00
4.56
\4.93
\4.88
4.94
5.01
4,95
4.891
4.501
4.55
4.98
4.89
4.95
4.53
5.03
Closed

7
8
9
10
11
12
14
15
16
17
18
19
21
22
23
24
25
26
28 .
29
30 ..
31

4.969

4.638

4.52
4.48
4.46
4.47
4.48

4.85
4.82
4.80
4.80
4.80

5.01
4.97
4.94
.4.95
4.97

4.45
4.44
4.48
4.55
4.55

4.75
4.72
4,74
4.80
4.83

4.06
4.94
4.94
4.98
4.98

4.61
4.60
4.63
4.46

4.94
4.92
4.93
4.82

5.02
5.01
5.01
4.98

4.44
4.37
4.37
4.40

4.88
4.91
4,94
4.92

5,01
5.02
5-04
5.03

Closed

|
|

4.22
4.22
4.22
4.22
4.22

83.63
83.63
83.63
83.63
: 83.63

4.92
4.93
4.94
4.99
4.99

4.21
4.22
4.24
4.28
4.31

83.75
83-63
83.39
82.92
82.56

5.02
5.03
4.99
4.97

^ 5.00
5.01
5,00
4.98

4.31
4.33
4.33
4.32

82.56
82.33
82,33
82.44

4.99
5.00
5.00
; 5.00

5.01
5-01
5.00
4.95

4.34
4.37
4.39
4.39

82.21
81.86
81.63
' ,81.63

'

4.99
4.98
4.98
4.99
4.99

4.91
4.93
4.93
4.92
4.92

4.99
4.99
4.95
4.99
4,99

I

4.834

4.535
Closed
-

4.940

4.670
Closed
Closed

4.516

Price,
j
longLongj
term
|
term
bonds l/. bonds 4/ 1
4.19
83.99
|
4.21
83.75
4.23
83.51
f
4.24
83.39
i

I
1
1
|

4.942

'

!
GOVERNMENT FINANCE SECTION, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM




January 12, I960

1
I
:
j
|
5
!
.1
t
;
j
1
i
i

.

-

Period
Weeklv average:
1959 - December

2

-

»

U . S . GOVERNMENT SECURITY YIELDS AND PRICES
(Yields in per cent per annum)
U. S. Government security yields
Auction average
Market yield
Other issues Issues, due Long6-month 3-month
3-month
6-month 9-12 month due in 9-12 in 3 to 5
ter%
bills
bills
bills
bills
bills
months l/
years 2/ , bo:. Is ?/'

G. 14

Price.
longterm
bonds 4/

4.501
4.638
4.535
4.670

* 4.891
4.969
4.834
4.940

4.50
4.48
4.49
4.57

4.86
4.81
4.77
4.90

4.98
4.97
4.96
5.01

4.93
4.99
4.98
5.00

4.90
4.92
• 4.95
5.00c

4,21
4.22
4.25
4.32

83 73
83.63
83.25
; 82.42

Monthly average:
1959 - December
1958 - December

4.572
2.814

4.915

4.49
2.77

4.85

4.99

4.98
3.24

4.95
3.65

4 C 27
3.80

83.00
88.90

Yearly average:
1959

3.405

3.832

3.37

3.79

4.11

4.33

4.07

85.49

.

Note:

5
12
19
26

Yields are averages of those compute# by the Federal Reserve Bank of New York on the basis of closing bid prices.
Rates on new bill issues are the average of accepted tenders in Monday auction.

l/ Includes the 4-3/4 per cent certificate cf November 15, I960.
2/ Includes the following notes and bonds:
.£-5/8 per cent note of 2/15/63.
2-1/4 per cent bond-of 12/59-62

4
- per cent note of 5^15/63
4-3/4 per cent note of 5/15/64
5
per cent note of 8/15/64

3/ Currently includes the following bonds due or callable in ten years cr more:
3-7/8 per cent of 1974
3-l/4 per cent of 1985
3-1/4 per cent of 1978:83
3-1/2 per cent of 1990
4per cent of 1980
3
per cent of 1995
4/ Prices derived from average market yields on basis of an assumed 3 per cent, 20-year bond.
GOVERNMENT FINANCE SECTION, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
J

'




o,

January 12, 196Q