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FEDERAL

R ESEKVE

s t a t i s t i coi

SELECTED INTEREST RATES AND BOND PRICES
(Yields in per cent per annum)
Calendar week ending April 22, 1978

H.15
Instrument s*
3
2
1

Federal funds (effective rate). . . . ........
Commercial paper (prime, 90 to 119 days). . . .
Commercial paper (prime, 4 to 6 mos.) ........
Finance paper placed directly (3 to 6 mos.) . . .
Bankers' acceptances (prime, 90 days) ........
Prime loan (large business prime rate-majority) .
Discount rate (Federal Reserve Bank of New York)
Yields on U.S. Government securities:
3/
Auction Average (Issue date) :
3-month bill
.........................
6-month bill
.........................
1-yeai bill
.........................
Market Yields:
3-month bill
.........................
6-month bill
.........................
1-year bill
.........................
Treasury constant maturities:
4/
1year
......................
2year
......................
3year
......................
5-year
...........................
7-year
...........................
iQ/^year
...........................
20-year
...........................
30-year
...........................

For Immediate Release
April 24, 1978

Apr.
17
6.85
6.79
6.84
6.75

Apr,
18
6.76
6.79
6.85
6.75

Apr.
19
6.78
6.80
6.85
6.70

Apr.
20
6.93
6.84
6.86
6.70

6.80
8.00
6.50

6.78
8.00
6.50

6.95
8.00
6.50

7.03
8.00
6.50

Apr.
21
6.97
6.86
6.89
, 6.70
7.05
8.00
6.50

6.140
6.563

This
Week
6.78 2/
6.82
6.86
6.72
6.92
8.00
6.50

Las t
Week
6.74 2/
6.80
6.85
6.75
6.84
8.00
6.50

Year
Ago
4.71
4.75
4.86
4.75
4.76
6.25
5.25

6.140
6.563

6.373
6.743

4.494
4.708

6.10
6.55
6.83

6.15
6.58
6.83

6.32
6.78
6.98

6.30
6.80
7.01

6.25
6.79
7.00

6.22
6.70
6.93

6.29
6.70
6.91

4.51
4.76
5.04

7.31
7.60
7.74
7.88
7.99
8.08
8.27
8.30

7.31
7.62
7.73
7.8 9
7.99
8.08
8.27
8.29

7.48
7.77
7.87
7.99
8.05
8.13
8.30
8.31

7.51
7.79
7.89
8.01
8.08
8.14
8.32
8.32

7.49
7.81
7.91
8.02
8.09
8.16
H.33
8.34

7.42
7.72
7.83
7.96
8.04
8.12
8. 30
8.31

7.40
7.68
7.81
7.95
8.04
8.15
8.33
8.35

5.41
5.91
6.23
6.70
7.04
7.31
7.62
7.68

8.91
8.58
9.36

8.89
8.57
9.33
5.40

8.87
8.56
9.30
5.40

8.46
7.99
9.05
5.20

Average yields on corporate bonds (Moody's)
8.88
8.88
8.89
8.88
A a a ...................................
8.57
8.58
8.57
8.57
B a a ...................................
9.30
9.33
9.31
9.33
1
State and local government Aaa (Moody's). .
5.40
1/ As of week ending April 23, 1^77.
27 7-day average for statement week ended on preceding Wednesday.
2J
Bills quoted on bank discount basis.
4/ Yields on actively traded issues adjusted to constant maturities.
Source:
U.S.




r e l e a s e

Treasury Department.