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F E D E R A L R E S E R V E statistical release
SELECTED INTEREST RATES AND BOND PRICES
(Yields in per cent per annum)
Calendar week ending April 21, 1979
April
April
April
April
Instruments
18
16
17
19
10.18
9.98
10.02
10.03
Federal funds (effective rate)
,
9.93
10.13
10.11
9.69
Commercial paper (prime, 90 to 119 days). . . . ,
9.96
10.14
10.15
9.76
Commercial paper (prime, 4 to 6 mos,)
9.77
9.83
9.82
9.46
Finance paper placed directly (3 to 6 mos.) . . .
10.13
9.85
9.98
9.79
Bankers1 acceptances (prime, 90 days)
,
11.75
11.75
11.75
11.75
Prime loan (large business prime rate-majority) ,
9.50
9.50
9.50
9.50
Discount rate (Federal Reserve Bank of New York)
Yields on U.S. Government securities: !3/
Auction Average (Issue date)
3-month bill
9.613
9.627
6-month bill
1-year bill
,
Market Yields;
9.66
9.50
9.30
9.29
3-month bill
.
9.64
9.49
9.36
9.36
6-month bill . ;
9.35
9.24
9.14
9.14
1-year bill
Treasury constant maturities: 4/
10.20
10.07
9.95
9.95
1-year
9.86
9.77
9.71
9.68
2-year
9.50
9.43
9.41
9.45
3-year
9.29
9.22
9.20
9.24
5-year
9.24
9.18
9.16
20
7-year
, . . . *
9.19
9.15
9.15
16
10-year
9.10
9.10
9.14
12
20-year
. ,
9.06
9.06
9.09
07
30-year
Coupon issues due in: J>/
9.32
9.37
9.29
9.29
3 to 5 years
. .. , , .

For Immediate Release
April 23, 1979

H.15(519)

9.82
9.39
10.35

9.82
Average yields on corporate bonds (Moody*s) . . .
9.39
Aaa
. . . •
10.35
Baa
State and local government: Aaa (Moody f s). . . . .
1/ As of we~ek ending April 27?, 1978,
2/ 7-day average for statement week ended on preceding Wednesday.
3/ Bills quoted on bank disc*-.:mt basis.
<4/ Yields on actively traded lr#ues adjusted to constant maturities.
"5/ Unweighted average for all issues outstanding,




9.82
9.39
10.36

9.83
9.39
10.37
5.75

Source:

April
20
10.07
9.65
9.70
9.33
9.75
11.75
9.50

This
Last
Week
Week
9.96 27 9.93 2/
9.90
10.04 "
10.05
9.94
9.64
9.77
10.05
9.90
11.75
11.75
9.50
9.50

Year
Ago 1/
6.78 2/
6.82
6.86
6.72
6.92
8.00
6.50

9.613
9.627

9.649
9.572

6.140
6.563

9.31
9.40
9.21

9.41
9.45
9.22

9.70
9.65
9.37

6.22
6.70
6.93

10.02
9.73
9.43
9.26
9.22
9.19
9.12
9.11

10.04
9.75
9.44
24
20
17
12
9.08

10.24
9.83
9.46
9.28
9.23
9.18
9.11
9.07

42
72
83
96
8.04
8.12
8.30
8.31

9.32

9.32

9.34

7.87

9.83
9.40
10.36

9.82
9.39
10.36
5.75

9.79
9.37
10.33
5.85

8.89
8.57
9.33
5.40

U.S. Treasury.