The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
OCT ? S 1373 .... O F RICHMOND October 2 4 , 1973 Ruluuue N u . 633 1 H-13 Division of International Finance, Statistical & Data Management Unit n SELECTED INTEREST & EXCHANGE RATES FOR MAJOR COUNTRIES & THE US. W E E K L Y SERIES O F C H A R T S BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.13 October 2 4 , Release No. 1973 633 TABLE OF CONTENTS PARTI. EXCHANGE RATES AND GOLD PRICES C h a r t 1 A , I B , & 1C - Spot Exchange Rates, Major Currencies against U.S. Dollar Chart 2A and B - 3-Month Forward Exchange Rates, Major Currencies against U.S. Dollar Chart 3A and B - 3-Month Forward Exchange Rates, Major Currencies against U.K. Pound Chart 4 - Gold Price in London PART II. SHORT-TERM INTEREST RATES Chart 5 Chart 6A and B Chart 7A and B Chart 8A and B Chart 9A and B Chart 10A and B Chart 11 Chart 12A and B - Call Money Rates London: Euro-$ Deposit Rates New York - London: Yields on U.S. Dollar Funds London: Covered Yields on U.S. Dollar Funds Interest Arbitrage: United States-United Kingdom Interest Arbitrage: U.S.-Germany and U.S.-Switzerland Interest Arbitrage: United States-Canada Selected Short-term Interest Rates PART III. LONG-TERM INTEREST RATES AND STOCK INDICES Chart 13 Chart 14 - Long-Term Bond Yields - Industrial Stock Indices PART IV. SELECTED CENTRAL BANK DISCOUNT RATES AND LATEST FIGURES PLOTTED ON THE CHARTS NOTE: This series is a continuation of the CAPITAL MARKETS DEVELOPMENTS ABROAD, which was published under that title through December 31, 1968. The changes in the format and order of the charts are explained in the Supplement to the series, which accompanied issue dated January 1, 1969. All series and their sources are fully described in a Supplement dated January 1, 1972. 3 SPOT EXCHANGE RATES - MAJOR CURRENCIES AGAINST U.S. DOLLAR 40 30 GERMAN MARK N/J BELGIAN FRANC / SWISS FRANC JAPANESE YEN CANADIAN DOLLAR Per cent above average market rate in January 1972 Central against U.S. dollar M J 1972 S D M J S 1973 Weekly averages (week e n d i n g on Friday) of daily offered rates in the New York market as per cent above or below Smithsonian central rates. D 4 Chart I B SPOT EXCHANGE RATES - MAJOR CURRENCIES AGAINST U.S. DOLLAR Weekly averages 30 20 FRENCH FRANC / DUTCH GUILDER I T A L I A N LIRA U.K. P O U N D M J 1972 S D M J S 1973 Weekly averages (week ending on Friday) of daily offered rates in the New York market as per cent above or below Smithsonian central rates. D Chart 1C SPOT EXCHANGE RATES - MAJOR CURRENCIES AGAINST U.S. DOLLAR Weekjy averages. DUTCH GUILDER! GERMAN MARK /; SWISS FRANC / 20 JAPANESE YEN FRENCH FRANC f BELGIUM FRANC DUTCH GUILDER ITALIAN LIRA CANADIAN DOLLAR Per cent above average market rate in January 1972 dollar U.K. P O U N D Below „ JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEPT. 1973 Weekly averages (week ending on Friday) of daily offered rates in the New York market as per cent above or below Smithsonian central rates. b Chart 2A 3-NIONTH FORWARD EXCHANGE - MAJOR CURRENCES AGAINST U S. DOLLAR u m v r " Per cent per annum Weekly averages , I I I I I I 1 I I I 1 I I I I I ' 1 I 1 1 CANADIAN DOLLAR U.K. P O U N D DISCOUNT - PREMIUM + GERMAN MARK DISCOUNT PREMIUM DUTCH GUILDER DISCOUNT - 1970 1972 1971 * Canadian Dollar Rate not supported by Bank of Canada. See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 2-3. 1973 I 1 1 I | t 1 3-MONTH FORWARD EXCHANGE - MAJOR CURRENCES AGAINST U.S. DOLLAR Per cent per annum Weekly averages 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I I 1 1 1 1 1 1 1 1 | 1 1 1 1 1 1 1 1 1 1 1 I I | 1 1 | 1 1 PREMIUM + FRENCH FRANC - - DISCOUNT — — PREMIUM + SWISS FRANC I - ~ DISCOUNT 1 1 1 1 1 1 1 1 1 1 1 M J S D 1970 1 1 1 I I M 1 1 1 1 1 1 J 1 1 i 1 1 i i ! i i 1 i S 1971 See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 2-3. 1 1 1 1 1 I 1972 1973 i 1 i i 6 3-MONTH FORWARD EXCHANGE - MAJOR CURRENCIES AGAINST U.K. POUND Per Friday figures cent per annum PREMIUM GERMAN MARK U.S. DOLLAR DISCOUNT - M J S D 1970 M J S D 1971 See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, p. 3. M S 1972 D M J 1973 S D 1 3-MONTH FORWARD EXCHANGE - MAJOR CURRENCIES AGAINST U.K. POUND Friday figures Per cent per annum PREMIUM + SWISS FRANC FRENCH FRANC DISCOUNT - S D 1970 J s D 1971 See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, p. 3. M J 1972 S D M J 1973 s D lo Chart 4 GOLD PRICE IN LONDON, 12.5 Kg BARS Week's average of afternoon fixings M J S 1971 U.S. dollar equivalent per fine ounce D M J 1972 See DESCRIPTION AND SOURCES of DATA, January 1, 1973, p. 4. S D J 1973 S D Chart 5A CALL MONEY RATES DOLLAR FUNDS Weekly averages Per cent per annum OVERNIGHT EURO-DOLLAR DEPOSITS CALL EURO-DOLLAR DEPOSITS FEDERAL FUNDS DIFFERENTIAL EURO-DOLLAR OVER FEDERAL FUNDS EURO-DOLLAR FAVORMEDERAL FUNDS EURO-CURRENCIES Weekly averages Per cent per annum EURO-DM EURO-SWISS FRANC M f J 1970 S D J S D 1971 * Changed from CALL to OVERNIGHT Euro dollar deposits, May 10, 1971 1, 1973, pp. 4-6. DigitizedSee forDESCRIPTION FRASER AND SOURCES OF DATA, January J 1972 S D M J 1973 S D \v Chart 5B CALL MONEY RATES S E L E C T E D F O R E I G N A N D EEC C U R R E N C I E S Friday figures Per cent per annum FRANCE NETHERLANDS 8 JAPAN CANADA U.K. U.K. GERMANY 0 M J 1970 S D M J 1971 S D s D 1972 France, Day-to day Money; Netherlands, Call Money, weekly average; Japan, Unconditional Money; Canada, Day-to-day Loans, weekly average; Germany, Call Money; U.K., 2-day Local Authority Deposits. 1, 1973, pp. 4-6. DESCRIPTION AND SOURCES OF DATA, January Digitized forSeeFRASER M J 1973 S D 13 Chart 6A LONDON: EURO DOLLAR DEPOSIT RATES Per cent per annum Friday figures OVERNIGHT CALL 7-DAY 12 1-MONTH M J S D M 1970 J S D 1971 * May 1 2 / 7 1 - c h a n g e d to Overnight Euro-Dollar Deposits * • July 1 - c h a n g e d to 7 Day Euro-Dollar See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, p. 6. M J 1972 S D M J 1973 S D LONDON: EURO-DOLLAR DEPOSIT RATES Per cent per annum Friday figures 12 f\y ~ 1 - 10 - V\ 3-MONTH - i 1 1 1 1 1 1 1 1 1 1 1 i 1 i i 1 i i 1 i i • i - I i i A~ l i i I i i 10 - ^ iA i / 6-MONTH - i 1 i i 1 i i 1 i i • i 1970 l i i I i i l i i 1971 See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, p. 6. i i Li i j 1972 i i I i i • 1 1 1 1 1 1 1 1 1 1 1973 NEW YORK-LONDON: YIELDS ON U.S. DOLLAR FUNDS 3-MONTH DOLLAR DEPOSIT RATES-SECONDARY MARKET Per cent per annum Wednesday figures 12 A- - y xy A I r V ty/x J r ) DOLLAR DEPOSIT 10 \ - y - U.S. CERTIFUGATE OF DEPOSIT 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I ! ! 1 i 1 I ! ! , 1 1 i 1 1 ; ! 1 1 1 I 1 1 1 1 1 1 1 • FAVOR EURO-DOLLAR DIFFERENTIAL j\ W v \ M \AIV .1 - A EURO-DO LLAR OVER U.S. CERTIFIC:ATE OF DEPOSIT , , 1 , , 1 , , 1 , , M J S D 1970 I I 1 I I 1 l l 1 i l M J S D l l 1 l I 1 I l 1 I I M 1971 See DESCRIPTION ANDSOURCESOF DATA, January 1, 1973, pp. 6-7. J S 1972 Q i i 1 i i 1 i i M J 1973 S i i D | ; Chart 7B NEW YORK-LONDON: COST OF U S. DOLLAR FUNDS 3 - M O N T H D O L L A R DEPOSIT R A T E S - P R I M A R Y M A R K E T Wednesday figures P#]7c«nt per annum EURO DOLLAR DEPOSIT ADJUSTED1 A 10 EURO DOLLAR DEPOSIT U.S. C E R T I F I C A T E OF D E P O S I T ADJUSTED EURO DOLLAR OVER " U.S. CERTIFICATE OF DEPOSIT ADJUSTED' M J S D 1970 M J S D 1971 * Adjusted for Reserve Requirement * * Adjusted for 10% Marginal Reserve Requirement * * * A d j u s t e d for 20% Marginal Reserve Requirement DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 6-7. DigitizedSeefor FRASER M J 1972 S D M J 1973 S D 17 Chart 8A LONDON: COVERED YIELDS ON U.S. DOLLAR FUNDS H I R E P U R C H A S E / S T E R L I N G C D ' s v s EURO D O L L A R RATES Friday figures Per cent per annum 12 EURO DOLLAR DEPOSIT HIRE PURCHASE COVERED 1 Ay Ha/V I „ I I I I I I I I I I I I I I I I I I I I DIFFERENTIAL \ .A STERLING CD s COVERED I I I I I I I I I I I I I I I I I I I rv 1 ; I I FAVOR STERLING CD's A, A 1 FAVOR EURO-DOLLAR 1 1 1 1 1 1 1 1 1 1 1 M J 1 1 1 1 1 1 1 1 1 1 1 S 1970 J 1971 s 1 1 1 1 1 1 1 1 1 1 1 j 1972 Hire Purchase suspended August 11, 1972 and Sterling Certificates of Deposit begin August 11, 1972. See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 7-8. s 1 1 1 1 1 1 1 1 1 1 1 j 1973 s I 0 \ Chart 88 LONDON: COVERED YIELDS O N U.S. DOLLAR FUNDS LOCAL A U T H O R I T Y A N D EURO DOLLAR RATES Per cent per annum Friday figures 12 EURO DOLLAR DEPOSIT LOCAL AUTHORITY DEPOSIT COVERED FAVOR LOCAL AUTHORITY - DIFFERENTIAL A V v / M 1 1 1 1 1 1 1 1 1 M J S D iA A 'VV X i : 11111I 11111 111111 M 1970 J S D M 1971 See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 7-8. J S 1972 FAVOR EURO DOLLAR i i 11111111111 1 M D M J 1973 S D 11 INTEREST ARBITRAGE: UNITED KINGDOM AND UNITED STATES Per cent per annum Friday figures 3 - M O N T H TREASURY B I L L RATES U.K. LOCAL A U T H O R I T Y D E P O S I T S * UNCOVERED NEW YORK NEW YORK I 1 I M 11 1 1 I J I M I I 1 I 1 I I I I I I I I S 1970 * Plotted for comparison purposes See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 8-9 I I 1 I I I I I I I I I I 1 1 1 I I I I I 1 I Chart 9B INTEREST ARBITRAGE: UNITED KINGDOM AND UNITED STATES Friday figures Per cent per annum PREMIUM RATE DIFFERENTIAL AND 3-MONTH FORWARD STERLING SPREAD IN FAVOR OF LONDON FORWARD RATE DISCOUNT RATE DIFFERENTIAL WITH FORWARD EXCHANGE COVER FAVOR LONDON FAVOR NEW YORK M J S D M 1970 J S D 1971 See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp.8-9. M J 1972 S D M J 1973 S D Chart 10A 3-MONTH FUNDS INTEREST ARBITRAGE: EURO DOLLAR-GERMAN MARK FRANKFURT INTERBANK LOAN RATE VS. LONDON EURO-DOLLAR RATE 14.38 Wednesday rates Per cent per annum GERMAN INTERBANK LOAN RATE EURODOLLAR COVERED FAVOR FRANKFURT DIFFERENTIAL FAVOR EURO-DOLLAR M J s D 1970 J S D 1971 See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 9-10.. No quotation M J 1972 S D M J 1973 S D Chart 10B 3 - M O N T H F U N D S INTEREST ARBITRAGE: EURO DOLLAR - SWISS F R A N C Z U R I C H D E P O S I T R A T E VS. L O N D O N E U R O - D O L L A R RATE Wednesday rates Per cent per annum SWISS DEPOSIT RATE X EURO-DOLLAR COVERED FAVOR ZURICH DIFFERENTIAL FAVOR EURO-DOLLAR I I 1 I I 1 I I 1 I I 1 I I I I I I I 1 1 I I I I I 1 I M 1970 See DESCRIPTION AND SOURCES OF DATA, January 1. 1973, pp. 9-10. I I I J 1972 I 1 1 I S 1 I D I 1 I M I 1 I J 1973 I I I I -ft Chart 11 3-MONTH INTEREST ARBITRAGE: CANADA - UNITED STATES Fnaay figures Per cent per annum BILL RATES UNITED STATES TREASURY BILLS CAN. FIN. CO, PAPER CANADIAN TREASURY BILLS i i T BILL RATE DIFFERENTIAL A N D FORWARD CANADIAN DOLLAR PREMIUM GROSS SPREAD IN FAVOR OF CANADA DISCOUNT FAVOR CANADA COVERED RATE DIFFERENTIALS PRIME FINANCE PAPER TREASURY BILLS FAVOR U.S.. M J S D M 1970 J S D 1971 See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 10-11. M J 1972 S D M J 1973 S D V' Chart 12A SELECTED SHORT-TERM INTEREST RATES* Per cent per annum - I v V v x f 1-vt l r K J 1 1 r XA -A w 1 1 G E R M A N Y j / f f M I / A L / 1 - Vy u.s. i i Li l IJ 1 1 1 M 1 1 1 1 1 1 L 1 J l i i I i i 1 m i i 1 i i l i i 1 i i i i i i 1 1 1 1 1 1 1 1 1 1 r-" ^ - - i .. in /' r i " 1 7% - i 1 U . K . + 1 Vy u.s. 1 1 1 1 1 1 1 1 1 1 1 I i 1 i i 1 j l L l _ l 1 1 1 1 ! 1 1 1 1 1 1 1 1 1 i i t m 1 1 i i i 1 1 1 1 1 1 1 i i J A P A N MONTHLY I I 1 1 1 I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1971 1972 1973 1974 1970 * 3-month treasury bill rates for all countries except Japan(Average rate on bank loans and discounts) and Germany (interbank loan rate) See DESCRIPTION AND SOURCES uF D A T A , January i , 1973, pp. 11-12. Chart 12B SELECTED SHORT-TERM INTEREST RATES Per cent per annum Vv, W A n s/'i»] V vrt O-DOLLAR - LONDOr '1 i// - 1 - L AMS.8. i i 1 i i 1 i i 1 i i 1 1 1 1 1 1 1 1 1 11 11 1 1 1 1 1 1 1i i1 11 i i 1 i M l i i i i 1 i i 1 i i 1 i i - \ x'—i r V/x \ \ J \ A l V' i V i L'V i_ V | 11111111111 1111 "'A 11 i i 1 11 iTl /j ,_J—\_j 1 I I 1 1 1 1 1 1 1970 u | SWITZERLAND) 1 1 1 1 1 1 1 1 l l l l l 1 M l 1 1 i i 1 i i 1 i i 1 i i - U.S. Vi r/ \ » / VV /W*\ vA> *V M i Jr~ i / II 1 II 1 I I 1 I I 1971 CANADA 1 1 1 II 1 II 1972 See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 11-12. 1 1 1 i rl II 1 i i 1 i i 1973 i i 1 i i 1 i i 1 i i 1974 Chart 13 LONG-TERM BOND YIELDS Weekly figures Per cent per annum, NETHERLANDS U.S. SWITZERLAND 11 U.K. GERMANY/ / / :ANADA Monthly figures U.S. C O R P O R A T E : DOLLAR EURO-BONDS Aaa BONDS DM EURO BONDS 1970 1971 1972 See DESCRIPTION AND SOURCES OF DATA, January 1, 1973, pp. 12 15 1973 1974 T TRIAL STOCK INDEXES i, 1958=100 Ratio scale, 58=100 320 UNITED STATES A 240 w I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I 160 1200 960 SWITZERLAND SWITZERLAND \ _ J 640 480 UNITED KINGDOM JAPAN ! GERMANY p ^ 320 GERMANY 240 I I M I I I I 1 I M 1970 1 1 1 I I I 1 I I 1971 I i 1 I 1 I I 1-1 I 1 1- I I I 1 I I I I I I I 1972 1973 160 October 24, H. 13 Release No. 1973 IV. SELECTED CENTRAL BANK DISCOUNT RATES 633 Country Current Rate In Effect Since Previous Rate In Effect Since E.E.C.: Belgium France Germany Italy Netherlands ""United Kingdom Switzerland 6.5 11.0 6.0 Sept. 1973 9.5 August 2, 6.0 May 3 , 4.5 Oct. 20, 7.0 June 1 , April 7.0 Oct. 4.5 1973 1973 4.0 11.50 July 5, August 2, 1973 10, 1973 14, 16, 1973 6.5 August J u l y 27, 1973 9.00 July 3.75 Sept. Jan. 1, 1973 1973 1973 1972 7, 20, 1973 1973 15, 1973 Canada 6.75 August 6.25 June 10, Japan 7.0 Aug. 29, 1973 6.0 July 2, 1973 United States 7.5 Aug. 14, 1973 7.0 July 1, 1973 7, 1973 1973 " - E f f e c t i v e O c t o b e r 1 3 , 1972, t h e Bank o f E n g l a n d r e p l a c e d i t s t r a d i t i o n a l Bank Rate w i t h a f l u c t u a t i n g "minimum l e n d i n g r a t e " b a s e d on a v e r a g e Treasury b i l l tender r a t e . H. 13 O c t o b e r 2 4 , 1973 Release No. 633 LATEST FIGURES PLOTTED ON THE CHARTS Chart Panel Series Rate Date 1A & 1C Swiss franc • Oct. I B & 1C U.K. pound " I B & 1C 1A & 1C French franc " -6.3 21.8 " 15.6 Japanese yen „ Belgian franc 1A&1C I B & 1C 19 Italian lire 27.4 23.4 2.9 " 1A & 1C Canadian dollar " 0.6 1A & 1C I B & 1C German mark " 34.1 Dutch guilder H 2A German mark ii Swiss franc " U.K. pound 2B Upper 30.7 3.76 4.80 -3.74 " Dutch guilder 11 " -0.49 0.35 French franc " -1.39 3A German mark n " 7.16 3.22 3B U.S. dollar Swiss franc " 5.06 French franc " 1.52 Canadian dollar 4 5A Gold price, U.S. dollar per ounce Upper Overnight Euro-S deposits Federal Funds Middle Differential Lower Euro-currencies: Euro DM Euro Swiss Fr. 56 Upper Lower - „ 101.90 " 9.68 10.07 " -0.39 Oct. Oct. 17 17 " 6.05 3.65 Japan, Unconditional Money Oct. 13 8.75 U.K., 2-day Local Author. Deps. Oct. 12 12.38 Canada, Day-to-day Loans Oct. 10 6.41 France, Day-to-Day Money Oct. 9 O c t . 19 Oct. 5 11.00 14.25 7.98 Germany, Call Money Netherlands. Call Money H. 13 October 24, 1973 Release No. 633 IV-3 Chart Panel 6A 6B Series Date Euro-$ Overnight Rate Oct. Euro-$ 1-month Rate H Euro-S 3-month Rate •• Rate 19 10.25 9.75 Euro-$ 6-month Rate 7A- Upper 9.38 Euro-$ 3-month Deposits Oct. 17 U.S. Certificate of Deposits 7B Lower Differential Upper Euro-S 3-month Deposits " 0.47 O c t . 17 9.75 >• 10.60 U.S. Certificate of Deposits (Adj.) 9.63 Differential: on Adj. Euro-$ Deposits H 0.97 on Unadj. Euro-$ Deposits 8A Upper 0.12 Euro-$ 3-month Deposits Oct. 5 S t e r l i n g CD's ( c o v e r e d ) 8B 10.72 9.46 Lower Differential Upper Euro-$ 3-month Deposits " 10.72 Local Authority Deposits (covered) " 9.43 Differential " -1.29 Lower 9A -1.26 U.S. Treasury Bill rate Oct. U.K. Treasury Bill rate Local Authority Deposit (uncovered) 9B 9.75 9.28 Euro-$ 3-month Deposits (Adj.) Lower 9.63 Upper j Spread (+= favor London) 6.98 10.56 Oct. 12 Oct. 19 3-month Forward Pound Lower 19 ii 12.91 3.58 3.68 Net Incentive (+= favor London) i ii -0.10 j H.13 October 24, 1973 Release No. 633 IV-4 Chart Panel Series 10A Upper Euro-) Deposits (covered) Rate Date Oct. 17 German Interbank Loan rate 10B Lower Differential Upper Euro-) Deposits (covered) 8.12 4.95 Swiss Deposit rate 11 Lower Differential Upper Canadian Finance Paper 4.50 -0.45 Oct. 19 U.S. Treasury Bill rate 6.30 U.S. Prime Finance paper (not plotted) 7.75 Bill rate differential -0.68 Forward Canadian dollar 12A Third Net incentive on bills Bottom Net incentive on Finance Paper Upper U.K. Treasury Bill rate 0.08 -0.60 1.33 10.56 U.S. Treasury Bill rate 6.98 German Interbank Loan rate Lower Japanese Average rate Canadian Treasury Bill rate U.S. Treasury Bill rate 12B 9.00 6.98 Canadian Treasury Bill rate Second 6.26 14.38 ii 14.38 Aug. Oct. 19 7.302 6.30 M 6.98 Euro-$ Deposits II 9.75 Swiss 3-month Deposit rate II 4.50 U.S. Treasury Bill rate " 6.98 . 3 2 O c t o b e r 2 4 , 1973 R e l e a s e No. 633 IV-5 Chart Panel Series 13 Upper Netherlands Canada * United States Switzerland Germany Middle Oct. 5 8.15 Oct. 10 7.67 Oct. 19 6.80 Oct. 5 5.75 Oct. 12 9.77 United Kingdom U.S. Corp. DM Euro-bonds S U.S. Corp. Aaa bonds 14 Switzerland Upper Germany United States United Kingdom Middle Canada Lower It U.S. Corp. Dollar Euro-bonds . Series G Lower ** Rate Date e r i e s G 11.27 Aug. 8.46 Aug. 7.68 Sept. 7.63 S e p t , . 28 Oct. 12 „ 366.2 261.8 251.93 Oct. 19 245.48 Oct. 12 308.59 Japan H United States „ 770.35 251.93 * New --Average yield on selected 10 year constant maturity bonds due or callable in 10 years; ** Beginning week ended September 5, 1970, the Japanese index plotted is that of all industrial and other stocks on the First Section of the Tokyo Stock Exchange.
@FedFRASER