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I'

F E D E R A L

R E S E R V E

statistical

SELLClfD INTERfSr RATES AND BOND PRICES
( Y i e l d In per rent per annum)
Calendar week ending Apri l 9, 1977

INSTRUMENTS

Apr.
A
e r r
A. 75
A. 88
A. 88
A . 78
6.25
5.25

Apr.
6
4.48
4.75
4.88
A. 88
A. 78
6.25
5.25

Apr.
6
4.08
4.75
4.88
4.88
A. 80
6.25
5. ?5

Apr.
7

release
For Immediate Release
Apri l 11, 1977

AprT"
8

iTTTs
Week
~“ O ' 0 T
4.75 '
4.88
4.88
4.79
6.25
5.25

Tear
Last
Ago*
Week
“ *.74 V ~4.7T~1/
4.75 "
5.18
4.88
5.38
5.18
4.85
4.76
5.05
6.25
6.75
5.50
5.25

Fetter a1 T unds T eTF l»c t fve r a t e ) . . . . . 7 ~ . ’ ~
I
Co mer cl al paper (prime, 90 to 119 days). . . .
4.75
Coinnerclal paper (prime, 4 to 6 mos. ) .................
A. 88
Finance paper placed d i r e c t l y (3 to 6 mos.) . .
4.88
Bankers' acceptances (prime, 90 days) .................
4.80
M
Prime loan (l arge business prime rate-inajori t y )
6.25
Discount rate (federal Reserve Bank of New York)
5.25
A
Yields on U.S. Government s ecu ri ti es 2/
Auction Average (Issue d at e) ;
R
3-month h i l l
...........................................................
4.585
4.609
4.585
4.957
6-month h i l l
...........................................................
4.846
A.0A6
K
4.870
5.293
1-year b i l l
...........................................................
5.158
Y-l ^ s .
3-month hi 11 ...................................................
A. 55
4.60
4.58
4.58
4.58
4.91
4.57
6-month h i l l
...................................................
4.84
A . 83
4.86
4.82
4.84
T
4.81
5.22
1- year b i l l
...................................................
5.14
5.15
5.15
5.13
5.14
5.59
5.15
Treasury constant maturities 3/
1- ycar ........................................................
5.A3
5.A3
5.43
5.41
5.4.3
c
5.45
5.96
2 - year ........................................................
6.03
6.01
6.04
6.02
6.03
6.05
n.a.
3- year ........................................................
6. AS
6.AA
6*46
6.43
6.88
6.45
L
6.45
5-year ...........................................................
6.9A
6.95
6.95
6.93
6.94
6.94
7.28
/-year ...........................................................
/. 22
7.23
7.22
7.21
7.22
7 ,?2
7.46
0
10-year ...........................................................
7.A4
7.47
7.46
/ .43
7.45
7.57
7.45
20-year ...........................................................
7.73
7.7?
7.70
/.??
7.73r** 7.84
7.72
S
30-year ...........................................................
7.78
7.78
7.78
7.78
7.78
7.79
n .a.
Coupon issues due in: A/
F
9 to 12 months ...........................................
5.AA
5.41
5.42
5.40
5.42
5.94
5.45
3 to 5 years
...............................................
6.70
6.71
6.71
6.69
6.70
D
6.70
7.04
10 years or more ( lo ng- te rm) .................
7.19
7.19
7.19
7.18
7.19
7.19
6.72
Price of long-term Treasury bonds 5/6/ . .
55.91
55.91
55.91
55.91
55.98
55.93
59.42
Average yields on corporate bonds [Moody's)
8.53
8.52
8.5?
8.52
8.5?
8.53
9.16
A a a ............................................................................
8.10
8.09
8.10
8.10
8.10
8.10
8.42
B a a ............................................................................
9.11
9.12
9.11
9.11
9.11
9.11
10.01
State and loca 1_gov^rnment Aaa ( Moody *_s) . _.
5.17
5.74
5.20
_ S-L7. ...
1/
_______ B i l l s 2quoted
/
on bank discount basis.
Yields on a c t i v el y traded issues adjusted to constant m a t u r i t i e s . ' Source U.S. Treasury Department.
Unweighted average of a l l issues outstanding.
5/ Bonds neither due nor cal labl e in less than 10 years.
Dprived from "long-term" y i e l d above on the basis of an assumed 20-year bond with a 3 per cent coupon.
As of April 10, 1976.
** The day of March 29 was revised to 7 . /A.