Full text of H.13 Selected Interest and Exchange Rates, Weekly Series of Charts : August 18, 1965

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DIVISION OF INTERNATIONAL FINANCE

BOARD OF GOVERNORS

H 13
*
No. 209

August 18, 1965

CAPITAL MARKET DEVELOPMENTS ABROAD
I.
II.

I.

Nine Charts on Financial Markets Abroad
Latest Figures Plotted in H.13 Chart Series, 1965

Nine Charts on Financial Markets Abroad

Chart 1 - International Money Market Yields for
U.S. Dollar Investors
Chart 2 - Interest Arbitrage, United States/Canada
Chart 3 - Interest Arbitrage, New York/London
Chart 4 - Interest Arbitrage for German Commercial
Banks
Chart 5 - Short-term Interest Rates
Chart 6 - Long-term Bond Yields
Chart 7 - Industrial Stock Indices
Chart 8 - Spot Exchange Rates - Major Currencies
Against U.S. Dollar
Chart 9 - 3-month Forward Exchange Rates

OFFICIAL USE ONLY
(Decontrolled after six months)




INTERNATIONAL MONEY
3-MONTH

M A R K E T Y I E L D S FOR U . S . D O L L A R I N V E S T O R S

EURO D O L L A R D E P O S I T V S . C E R T I F I C A T E O F D E P O S I T

U.S. C I t T I f ICATI OF DEPOSIT

EURO-DOLLAR

OVER

|

SELECTED I N T E R N A T I O N A L M O N E Y RATES




EURO-DOHA*

COMMERCI

DEPOSIT RATES ( L O N D O N )

I N T E R E S T A R B I T R A G E , U N I T E D STATES / C A N A D A
Friday

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P

M O N T H T R E A S U R Y BILL RATES

BILL

RATE D I F F E R E N T I A L A N D F O R W A R D C A N A D I A N D O L L A R

3 - MONTH COVERED

Thurtdoy

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RATE D I F F E R E N T I A L S

(NET

INCENTIVES)-

INTEREST A R B I T R A G E , N E W Y O R K / L O N D O N
3 - M O N T H T R E A S U R Y BILL R A T E S

RATE D I F F E R E N T I A L A N D

3-MONTH

FORWARD STERLING

!

RATE D I F F E R E N T I A L W I T H

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FORWARD EXCHANGE COVER

(NET I N C E N T I V E )

INTEREST A R B I T R A G E FOR G E R M A N C O M M E R C I A L
Friday

BANKS

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E U R O - D O L L A R D E P O S I T RATES i

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GERMAN TREASURY BILLS

RATE D I F F E R E N T I A L A N D

F O R W A R D DEUTSCHE MARK

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INTERBANK tOAN RATI

SfREAD IN fAVOR OF fRANKfURT

FORWARD RATE

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RATE D I F F E R E N T I A L W I T H

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SHORT-TERM

INTEREST

R A T E S *

I U I O - D O U A I - LONDON

1 I I II II 11 I. I II II II 11 II 11 II II II I II II II II I 11 II 11 II I I II I I K K _

CAMASA

^

3 monlh Ir e o sur y bill roles for oil
and Switzerland (3 month deposit rote)

"F" 3 month role lor U S dollar deposits in




LONG-TERM BOND YIILDS




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I N D U S T R I A L

S T O C K

I N D I C E S

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H o c k i t r o d a d on the Tokyo enchonge

S P O T E X C H A N G E RATES - M A J O R C U R R E N C I E S A G A I N S T U . S . D O L L A R




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3 - M O N T H F O R W A R D E X C H A N G E RATES
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AGAINST U S

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A G A I N S T POUND STERLING - L O N D O N

A G A I N S T POUND STERLING - L O N D O N




^ A v

August 18, 1965

H. 13
No. 209
III. Latest Figures Plotted In H. 13 Chart Series, 1965
Per cent
per annum

Chart 1
Upper panel
(Wednesday,

A ng.

11

(Friday,Aug. 13
,
except as noted)

)

Euro-$ deposit

4.63

U.S. certif. of deposit

4.30

Treasury bills:
U.S.
U.K.

Lower panels
(Friday, Aug. 13

)

Euro-dollar deposits:

Finance Co. paper:

Call
7-day
30-day
90-day
180-day

4. 125
4.250
4.438
4.625
5.000

U.S.

4.25

Canada

5.19

Hire-purchase paper, U.K.

i

5.36

Germany

3.88

Canada

4.00

3^75.

Euro-$ deposit (London)

4^63.

Japan: composite rate
(Date: Apr. 30
)

7. 921

Chart 6
Bonds:

(Friday, Aug. 13

U.S. govt.
(Wed. , Aug. 11

)

Canada

4. fin

U. S.

3.81

Spread favor Canada

+0. 19

Forward Canadian dollar

4-0.14

Net incentive (Canada +)

+0.33

)

4^22_

U.K. war loan
(Thurs., Aug. 5

W4_

German Fed. Railway
(Fri. , Aug. 13

7.08

Swiss Confederation
(Fri. , Aug. 6

3.93

Canadian govt.
(Wed. , Aug. 11

Chart 3
(Friday, Aug. 13
Treasury bills:

3.81

Swiss 3-month deposits
(Date: ,Tll1 v 15
)

4.32

Chart 2

Treasury bills:

Per cent
per annum

Chart 5

)

U.K.

5.36

U. S.

3.81

Spread favor U.K.

4-1.55

Forward pound

-2.49

Net incentive (U.K. +)

-0.94

Digitized forFor
FRASER
description and sources
September 23, 1964.


Netherlands government
perpetual
(Fri. ,
Aug. 6
)*

5.25

Additional rates:
July 30
5.28

of data see special annex to H. 13 Number 164,