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G. lit U . S . GOVERNMENT SECURITY YIELDS AND PRICES (Yields In per cent per annum) Period 1959-Feb. 2 3 k 5 6 7 U S. Government security yields 6-mo]ith b i l l s 3-month b i l l s Issuesjdue Iosues,due Market Rate on Market Rate on in 9 t o 12 3 to 5 yield new issues yield new issues months 1 / years 2/ > 2,75 3.12 3 Mb 3.94 2.80 3.17 3.48 3.95 2.75 3.iii 3.1*8 . 3.9k 2.721 2,59 3,07 3.107 3Mb 3.95 2.60 3.10 3.37 3.9k Closed 2,78 2.70 2.70 Closed 2.70 lk Closed 9 10 11 12 13 16 17 18 19 20 21 2 066 2.58 2.68 2.6L 2.58 Closed 23 Closed 2h 2.6k 25 2.82 26 2.82 27 2.76 28 Closed Weekly average: 1959-Feb. 7 lU 21 28 Monthly average: 1959-Feb. Monthly average: 1958-Feb. R&S 100-7318 3.hi 3.39 3.95 3.9k 3.92 8^20 3 . 9 2 1 87/^33 3-92 87\.33 3.326 3.37 3.88 3.91 87 Ut5 • w 3M 3.81 3.80 3.76 3.75 3.7b 3.91 3.91 3.92 3.92 3.91 87.1)5 3.253 3,636 3.35 3.28 3.25 87 i33 87.33 87.k5 3.27 3.37 3.37 3.33 3.77 3.77 3.77 3.76 3.91 3.90 3.90 3.88 . 87.45 87.58 87,58 87.8k 3.25 3.17 3.20 2.810 2.726 3.18 3.16 3.06 3.10 3.06 2.96 , Price, Long- longterm term bonds3i/ bonds!*/ 3.93 87.20 3,93 87.20 3,93 87.20 3.93 87.20 3.93 87.20 3.W* 8?ih5 r -|" 2.589 3.05 3.20 3.16 3.10 2.978 2.70 2.72 2.63 2.76 2.721 2.810 2.726 2.589 3.12 3.20 3.07 3.13 3,107 3.326 3.253 2.978 3.bb 3.bo 3.33 3.3L 3.9k 3.92 3.77 3.77 3.93 3.92 3.91 3.90 87.20 87.33 87.1*0 87.61 . 2.70 2.712 3.12 3.166 3.38 3.85" 3.92 87.38 1.51 1.562 1.93 2.67 3.26 96.20 . ,1 Note: l/ ~ 2/ ~~ 3/ b/ ~ Yields are averages of those computed by the Federal Reserve Bank of New York on the basis of closing bid p r i c e s . Rate on new b i l l issues are the average of accepted tenders in Monday auction* r.: Currently includes the 3-3/8 per cent c e r t i f i c a t e of November 15), 1959, and L the 3-1/2 per cent note 'of November 15, 1959, and beginning February 16, the 3-3A per cent c e r t i f i c a t e of February 15>, I960, Currently includes the following notes and bonds: k per cent note of 8/15/62 2-l/lt per cent bond of 6/5^-62 3-3A per cent note of 11/15/62 2-l/U per cent bond of 12/59-62 2-5/8 per cent note of 2/15/63 . and the 3-5/8 per cent note of 2/15/62 thru February 15* Currently includes the following bonds due or callable in ten years or more: L per cent of 1969 3-1A per cent of 1985 3-7/8 per cent of 19 7U 3-1/2 per cent of 1990 3 - l A per, cent of 1978-83 3 per cent of 199$ b per cent of 1980 Prices derived from average market yields on basis of an assumed 3 per cent, 20-year bond. _/ GOVERNMENT FINANCE SECTION, BOARD OF GOVERNORS March U, 1959
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