Full text of H.15 Selected Interest Rates : April 28, 1986

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FEDERAL RESERVE statistical release
For immediate release

H.15 (519)

SELECTED INTEREST RATES

APRIL 28, 1986

Yields In percent per annum

Instruments
FEDERAL FUNDS (EFFECTIVE) 1/
COMMERCIAL PAPER 2/3/
1-MONTH
3-MONTH
6-MONTH
FINANCE PAPER PLACED DIRECTLY 2/
1-MONTH
3-MONTH
6-MONTH
BANKERS ACCEPTANCES (TOP RATED) 2/
3-MONTH
6-MONTH
CDS (SECONDARY MARKET)
1-MONTH
3-MONTH
6-MONTH
BANK PRIME LOAN 1/4/
DISCOUNT WINDOW BORROWING 1/5/
U.S.GOVERNMENT SECURITIES
TREASURY BILLS
AUCTION AVERAGE 2/ 6/
3-MONTH
6-MONTH
1-YEAR
AUCTION AVERAGE(INVESTMENT) 6/
3-MONTH
6-MONTH
SECONDARY MARKET 2/
3-MONTH
6-MONTH

1-YEAR
TREASURY CONSTANT MATURITIES 7/8/
1-YEAR
2-YEAR
3-YEAR
5-YEAR
7-YEAR
10-YEAR
20-YEAR
30-YEAR
COMPOSITE
OVER 10 YEARS(LONG-TERM)9/
CORPORATEf BONDS
MOODY S SEASONED

AAA
BAA

1986
APR

1986
APR

1986
APR

1986
APR

1986
APR

This

Last

21

22

23

24

25

ween

weeK

7.00

7,14

7.37

6.99

6.78

6.92

6.97

7.48

,.50
>.35
>.24

6.53
6.39
6.27

6.63
6.47
6.40

(.58
(.49
(.38

6.59
6.49
6.42

(.57
(.44
(.34

(.57
(.41
(.30

7.30
7.20
7.08

>.45
, .21
>. 17

6.53
6.29
6.23

6.49
6.27
6.22

(.56
(.21
(.17

6.61
6.25
6.22

(.53
(.25
((.20

(.44
(.33
(.32

7.24
7.15
7.10

(.30
(.22

6.44
6.32

6.45
6.35

6.50
6.42

6.52
6.43

6.44
6.3.4

(.30
(.21

7.09
6.94

(.53
(.39
(.39
(.50
6.50

6.55
6.41
6.42
8.50
6.50

6.70
6.52
6.52
8.50
6.50

6.65
6.51
6.50
8.50
6.50

6.65
6.53
6.53
8.50
6.50

6.62
6.47
6.47
8.79
6.79

(.58
(.44
6.41
9.00
7.00

7.33
7.24
7.23
9.10
7.10

5.86
5.87

5.86
5.87

5.84
5.93

6.59
6.60
6.61

6.03
6.13

6.03
6.13

(.01
(.20

6.79
6.92

i

6.11
6.16
6.22

6.14
6.21
6.25

6.03
6.06
6.08

I5.87
i5.85

6.56
6.57
6.59

i5.97
7.11
7.27
7.36
7.63
7.45

6.62
6.89
7.17
7.31
7.41
7.51
7.72
7.59

6.65
6.91
7.26
7.39
7.49
7.58
7.78
7.61

6.46
6.70
6.94
7.10
7.24
7.35
7.57
7.42

(.21
(.47
(.59
(.80
(.92
7.10
7.33
7.22

7.03
7.21
7.30
7.46
7.67
7.78
8.09
7.96

7.54

7.71

7.82

7.88

7.66

7.39 •

8.13

8.84
10.06

8.91
10.12

8.99
10.21

9.02
10.26
9.25

8. -$0
10.13
9.25
7.22
9.86

5.87
5.88
5.87

5.95
5.97
5.95

6.23
6.46
6.57
6.75
6.88
7.04
7.27
7.16

6.32
6.58
6.74
6.93
7.13
7.25
7.47
7.28

7.36
8.72
10.01

iS.09

(.10
i5.10
<S.48

iS.67

A-UTILITY 10/
STATE 8 LOCAL BONDS 11/
'CONVENTIONAL MORTGAGES 12/
1.

7.22
9.86

5.84

1986
MAR

8.66
10.13
9.15
7.16
9.92

9.00
10.50
9.41
7.08
10.08

WEEKLY FIGURES ARE AVERAGES OF 7 CALENDAR DAYS ENDING ON WEDNESDAY OF THE CURRENT WEEK;
MONTHLY FIGURES INCLUDE EACH CALENDAR DAY IN THE MONTH.

3*
4*.
5.

RATESDONMCOMMERCIAL°PAPERAPLACED FOR FIRMS WHOSE BOND RATING IS AA OR THE EQUIVALENT.
RATE CHARGED BY BANKS ON SHORT-TERM BUSINESS LOANS.
RATE FOR THE FEDERAL RESERVE BANK OF NEW YORK.

'*

N
YIELDS
ONAACTIVELY TRADED ISSUES ADJUSTED TO CONSTANT MATURITIES.
fc

i*_ __.._"_—_."—. — _.._^_.«»kw«*ti «*^ <vu«r ««nufTiuT MATURITY SERIES

SOURCE: U.S. TREASURY.

OF BONDS NEITHER DUE NOR CALLABLE IN LESS THAN 10 YEARS,

^ i r a E i W f S S S ^ R f f l t S l f i H U l T O UTILITY BOND HITH A MATURITY OF. 30 YEARS AND CALL
£ 8 K Y E R I N D E X Y E O E N E R A L I O B L I 6 A T I O N " 2 0 Y E A R S TO MATURITY, MIXED QUALITY; THURSDAY QUOTATIONS.
CONTRACT INTEREST RATK ON COMMITMENTS FOR FIXED-RATE FIRST MORTGAGES. SOURCE. FHLMC.

11

12-.
M0TE

«

'

AS

p
ON THE AUCTION DATE INSTEAD OF THE ISSUE DATE.




BILL AUCTION AVERAGES HILL BE REPORTED

SELECTED INTEREST RATES
YIELDS IN PERCENT PER ANNUM
WEEK ENDING WEDNESDAY
WEEK ENDED

FEDERAL FUNDS (EFFECTIVE) 1/
3-MONTH TREASURY BILL 2/
3-MONTH COMMERCIAL PAPER 2/
3-MONTH CD (SECONDARY MARKET)
3-MONTH EURODOLLAR 3/
U. S. GOVERNMENT BOND 4/

4 WEEKS ENDED

1986 :
APR
23

1986 :
APR :
16 ::

1986 :
APR ::
23 !:

1986
MAR
26

6.92 .
5.92
6.36 :
6.42
6.56 :
7.39

6.97
5.89
6.51
6.49
6.71
7.39

7.08 s
6.09 ::
6.70 !
6.70 :
6.88 :
7.47 s:

7.41
6.48
7.13
7.17
7.36
7.98

:
::
;
::
:
!!

FEDERAL FUNDS RATES ARE AVERAGES OF EFFECTIVE RATES FOR
SEVEN CALENDAR DAYS ENDING ON WEDNESDAY.
2. QUOTED ON BANK DISCOUNT BASIS. "
3. FOR INDICATION PURPOSES ONLY.
4. YIELD AT 20-YEAR CONSTANT MATURITY. SOURCE: U.S. TREASURY

DESCRIPTION OF THE TREASURY CONSTANT MATURITY SERIES
YIELDS ON TREASURY SECURITIES AT "CONSTANT MATURITY" ARE
ESTIMATED FROM THE TREASURY'S DAILY YIELD CURVE. THIS CURVE, WHICH
RELATES THE YIELD ON A SECURITY TO ITS TIME TO MATURITY, IS BASED ON
THE CLOSING MARKET BID YIELDS ON ACTIVELY-TRADED TREASURY SECURITIES
IN THE OVER-THE-COUNTER MARKET. THESE MARKET YIELDS ARE CALCULATED
FROM COMPOSITES OF QUOTATIONS REPORTED BY FIVE LEADING U.S.GOVERNMENT
SECURITIES DEALERS TO THE FEDERAL RESERVE BANK OF NEW YORK.
THE CONSTANT YIELD VALUES ARE READ FROM THE YIELD CURVE AT
FIXED MATURITIES, CURRENTLY 1, 2, 3, 5, 7, 10, 20, AND 30 YEARS.
THIS METHOD PERMITS ESTIMATION OF THE YIELD FOR A 10-YEAR MATURITY,
FOR EXAMPLE, EVEN IF NO OUTSTANDING SECURITY HAS EXACTLY 10 YEARS
REMAINING TO MATURITY.