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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