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BOARD OF GOVERNORS I OF THE 1 CX FEDERAL RESERVE SYSTEM R&S 100-992 June 3» 19U4. U. S . GOVERNMENT SECURITY YIELDS AND PRICES AND HIGH-GRADE, CORPORATE BOND YIELDS , '^ (Yields i n per cent per annum) Per io d 1944 2 3 4 Yields on U. S. Government s e c u r i t i e s P a r t i a l l y Taxable bonds 9 - t o I'd• 3 - t o 5-year tax-exempt W month taxable bonds, 15 7- t o 9 y e a r s certificates Treasury and years years and of notes over , over indebtedness 1.32 1/.81 .80 .80 .80 .80 .80 7 8 9 10 11 • 79 .79 ..79 .79 .80 13 14 .81 -17 18 .81 .81 .81 .81 it .81 .81 5/ 1.33 .1.33 1.33 1.90 M9 Y.99. 1.89 1.95 1.94 1.9U 1.94 2 . to 2 .to 1.33 1.33 1.33 1.33 1.33 1.33 1.89 1.90 1.90 1.90 ; 1.90 1.90 1.94 1.95 1.95 1.95 1.95 1.95 1.34 1.34 1.4o 1.39 1.39 1.91 1.91 1.91 1.91 1.91 1.91 1.95 1.95 1.95 1.95 1*95 1.95 1.92 1.93 1.92 1.92 •* 1. 93 . 1.93 1.96 1.95 1:94 1.94 1.9U* 1.94 1.9& 1.9U 1.94 1.9U 1.94 1.94 1.94 1.94 1.94 1.94 1.1:0 20 21 22 23 21* 25. .80 .80 .80 1.39 1.40 1.39 1.39 1.39 1.39 27 28 29 30 31 .80 .80 .80 .80 .80 1.39 1.39 1.39 1.39 1.39 .80 l/ 2j 2.65 2.67 00.17 00.18 00.20 2.66 2.66 2.to 2 . to 2.to 2.to 2 . to 2-to 00.2k 2.65 00.25 2.65 2.6k 2.W 2'.L£ 2 . to 2.Zj8 2 .iiS 00.25 00.24 2. to 2.1*9 00.20 00.24 ' 2.61: 2.63 2.6k 2.1|S 2.13 00.26 00.26 00.32 2.64, 2.64 2.63 2.1& 2.llS 00.30 00.30 2MB 2.W 2.US 2.1|8 ' 2,18 2.L8 2.W 2.ItS 00.27 00.27 00.27 2.64 2.64 2.64 00.33 2.62 2.62 2.62 00.30 00.29 2.62 2.62' 2.62 2.62 2.61 00.27 00.27 00.27 , 2.65 00.24 0C.2U 00.2k 00.21; Number of i s s u e s decreased from 2, to 1 on March 1. Number of i s s u e s increased from 1 t o 2 on March 15* Yield Price • on of highU. S. grade Governcorporate ment bonds bonds ' . E&S 100-992 June 3 , I9i|l4U. 3 . G0VER5JMENT SECURITY YIELDS AND PRICES A^>SIGH-GRADE CORPORATE BOND YIELDS . (Yields in per cent per annum) Yields on U. S . Government secur i t i e s 9 - t o 12- 3 - to 5-year P a r t i a l l y Taxable tax-exempt month . taxable bonds, 15 7 t o 9 certificates Treasury years years and of over indebtedness Period 19W, 1/ .82 . - .80 .80 • .80 ' .80 " .80 3 b 5 , 6 8 10 11 12 - '13 lk • ; 17 18, 19 20 ^ 21 22 t ^ .79 .79 • 78 U78 •70,-78 . • .77 .77 .77 .76 .76 .76 21+ . 25 26 ' 27 28 29 .76 • 76 .76 • 77 .77 •77 l/ ) - r t^onds IS years and over Yield Price on of U. S. - highgrade Governcorporate ment bonds bonds 1.39 1.94 1.9U 2.2jB 100.27 2.61 1.38 1.37 1.37 1.37 1.36 1.9L 1.93 1.93 1.93 1.93 1.9h 1.9U 1.95 1.95 1.95 2.1S 2.1)8 2.148 2.148 2.1+8 100.21+ 100.25 100.25 100.26 100.26 2.62 2.61 2.62 2.61 2.62 1.36 1.36 -1.36 1.36 1.35 1.35 1.93 1.92 1.92 1.93 1.93 1.93 1.95 1.95 1.95 1.95 1.95 1.95 2.1+8 .100.26 2.[|8 * 100.202.1+0 100.27 2.1+0 100.27 100.27 = 2.I4O 100.27 2.148 1.35 1.35 1.35: 1.35 '1.35 1.35 1.93 1.93 1.93 1.93 1.93 1.93 1.95 1.95 1.95 1.95 *1.95 • 1.95 2.1+8 2.I4D' 2.W 2.I4S 2.I4S. 2.16 1.35 1.35 1.35 1.35 1.35 1.35 1.9L 1.94 1.95 1.9& 1.96 1.96 1.95 1.95 1.96 1.96 1.96 ' I.96 2.148 2.14s 2.1+9 2.1+9 2.1+9 2.1+9 ' * 1 i < : Number of i s s u e s increased from 1 t o 2 on April 1. 2.62 2.61 2.62 2.61 2.62 2.62 100.28 100.27 100.23 100.20 100.28 100.26 2.62 2.63 2.62 2.61 2.61 2.60 100.26 100.25 100.22 100.21 100.21 100.21 | 2.60 2.60 2.60 2.61 2.60 2.60 R&S 100-992 June 3» 19W+ U. S. GOVERNMENT SECURITY YIELDS AND PRICES \ND HIGH-GRADE CORPORATE BOND YIELDS ' ; (Yields in per cent, per annum) Period Yields on U. S. Government s e c u r i t i e s P a r t i a l l y Taxable 9 - t o 123 ' t o 5-year, tax-exempt month taxable bonds, 15 7 t o 9 certificates Treasury years y e a r s and of n e t e a over indebtedness igUt May 1 2 3 h 5 6 3 ^ • 78 .77 • 77 .77 .77 .77 4 Yield Price of on , bonds highU. S . 15 grade years Governcorporate . ment and bonds bonds over 100.20 100.20 100.20 100.20 100.20 100.20 2.60 2.60 2.61 2.60 2.60 2.60 1.94 1.94 1.9k 1.95 1.95 1.95 100.20 2.1+9 100.20 2.49 100.20 2.1+9 100.20 2.49 2.1+9 • 100.20 100.20 2.1+9 2.59 2.59 2.59 1.35 1.35 1.35 1.35 1.34 1.3k 1.96j^ 1.9T 1.95 . t 1.95 : 1.95 1.95 1.96 '1.95 1.95 1.95 1.95 1.95 1.95 1.9L - 1.95 1.95" = 1.95 < 1.95 2.U9 2.1+9, 2,1+9 2.1+9 2.1+9 2.1+9 ,, ? B 8 9 10 11 12 13 • 7ip .76 1.3U 1.31+ 1.31+ 1.31+ 1.31+ 1.31+ 15 16 17 18 19 20 .77 • 78 .78 * .78 .78 .78 1.35 1.35 -1.35 1.35 1.35 1.35 1.95 1.95 1.95" 1.94 1.94 1.94 1.95 1.95 1.95 %.95 ]|.95 1.95 2.1+9 2.1+92.1+9 2.1+9 2.1+9 2.1+9 100.19 100.18 100.17 100.17 100.17 100.17 2.59 ,2.58 2.59, 2.57' -2.57 2.57. J 22 23 21+ 25 26 27 • 79 .79 .79 .79 .79 .79 1.35 1.35 1.35 1.35 1.35 1.35 1.94 1.9141.91+ 1.94 1.94' 1.9U 1.96 1.95 1.95 1.95 1.95 1.95 2.1+9 2.1+9 ' 2.1+9 2.1+9 2.1+9 2.1+9: 100.17 100.17 100.17 100.17 100.17 100.17 2.57 2.57 2.57 2.57 2.58 2.58 , .79 .79 1.35 1.34 1.9»3 1.93" 1.95 1.95 100.17 100.17 2.57 2,57 29 31 ,76 .75 .75 ' • - 2.1+9 • 2.1+9 2.59 - 2-59 ~ • 4 RESEARCH LIBRARY , SEP 6 R&S 100-1156 . , FEDERAL Rr;r- v;rf'-tN-< •3.C-"'G.OVERNUE NT SECURITY YEEMJ3aAND PRICES AND HIGH-GRADE CORHMTK BONU VJELL)& " ( Y i e l d s in p e r cent p e r annum) u. 3 -.79 .79 .79 1.3L 1.33 1.33 ^1.93 1.91 1-91 1.95 1.95 1.95 2.1*9 2.1*9 1 2.1*9 100 . 1 7 100 . 1 7 100 . 1 7 r . 2.57 r . 2.56 r . 2.57 5- .7% 1.33 1.33 1.33 1.33 1.33 1.33 l.,92 1.92 1.92 1.92 1.92 1.95 1.95 1.95 1.95 1-95 1.95 . 2.1*9 2.1*9 2.1*9 2.1*9 2.1*9 2.1*9* 100 . 1 7 100 . 1 7 100 . 1 7 100 .17 100 .17 100,.17 r . 2.^6 r . 2.58 2.58 2.58 2.58 2.58 1.33 1.3L l.3k 1.3L 1.35 "1.35- 1.92 1.92 1.92 1.91 1.91 1.91 1.95 1.95 1.95 1.95 1.95 l.?5 2.1*9 2.1*9 ,2.1*9 2.1*9 2.1*? 2.1*9 100,.17 100 .17 100,.16 100,.16 100,,16 100,,16 r . 2.57 2.57 r . 2.58 2.58 2.58 r* 2.59 .80 .90 . .79 1.35 1.35 1.35 1.35 1.35 1.35 1.90 1.91 1.91 1.91 1.89 1.95 1.95 1.95 1.95 1.95 1.95 2.1d . 2.hi 2.1*9 2.1*9: 2-1*91 2J*9i: .79 .79 •79 •79 .79 1.35 1.35 1.3/4 1.33 1.33 I.69 1.59 I.89 1.89 1.90 1.95 1.95 1.95 1.95 1.95 2.1*91 2.1*9; 2.1*9 i 2.1*9? 2.1*9' 191*1* June 1 2 • 6 7 89 .7? .79 • 79 .79 • 79 10 •• 12 13 ' ; 11* • 15 16 .79 .79 • 79 • 79 .78 27 ."78 19 20 • 75. .78 •79 • 2122 ' '23 21 26 27 , •Yield on highgrade corporate bonds on U . S . 3- t o 5-year taxable Treasury • notes Period , Government s e c u r i t i e s Partially Taxable bonds tax-exempt ia b o n d s , 15 years 7 to 9 y e a r s and years anci" pver oyer Yields 9 - t o 12month ' certificates of indebtednes s 28 29 5° ; r 1.92 1.90 Price of U. S. Government bonds . 100.,16 r . 2 . 5 8 100.,16 r . 2 . 5 9 100. ,16 2.59 100.,16 2.59 100..15 2.60 100.< } 5 \ 2.59 100. 15 100. 15 100. 15 100. 15 100. 15 2.59 . r , 2.60 2.60 2.60 2.59 1 r. Revised. ' X ) I