Full text of H.15 Selected Interest Rates : April 29, 1985

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FEDERAL RESERVE statistical release
For immediate release
APRIL 2 9 , 1985

H.15 (519)

SELECTED INTEREST RATES
Yields in percent per annum
1 nstruments

FEDERAL FUNDS (EFFECTI?E) 1 /
COHBERCIAL PAPEfi 2 / 3 /
1-BOMTU
3-HONTH
6-HONTH
FINANCE PAPEH PLACED DIBECTLI 2 /
1-HOHTH
3-HO NTH
6-flONTH
BANKERS ACCEPTANCES (TOP RATED) 2 /
3-flONTH
6-BO NTH
CDS (SECONDARY BARRET)
1-HONTH
3-HONTH
6-BONTH
BANK PRIHE LOAN
1/4/
DISCOUNT i l N D O l BORROWING 1 / 5 /
O.S.GOVERNMENT SECURITIES
THEASORI BILLS
AUCTIOS AVERAGE 2 / 6 /
3-HONTH
6-HONTH
1-IEAR
AUCTION AVERAGE (IHVESTBBNT) 6 /
3-BONTH
6-HONTH
SECONDARY HARKET 2 /
3-HONTH
6 - HO NT B
1-YEAR
TREASURY CONSTANT HATORXTIES 7 / 8 /
1-YBAB
2-YEAR
3-YEAR
5-YEAR
7-YEAR
10- YE AH
20-YEAR
30-YEAR
COHPOSITE
OVER 10 YBARS(LOI6-TERH)9/
CORPORATE BONDS
BOODY'S SEASONED
AAA'
BAA

A-UTILXTY 10/
STATE S LOCAL BONDS 1 1 /
CONVENTIONAL BORT6AGSS 12/
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.

Week ending
APR
26

APR
26

APR
19

BAR

8.23

8.14

7.69

8.46

8.58

7.99
8.09
8.20

8.04
8.10
8.24

8.05
8.13
8.29

7.99
8.08
8.20

8.23
8.26
8.31

8.74
8.90
9.23

7.98
7.95
7.89

8.01
7.94
7.90

8.03
7.95
7.90

8.07
7.97
7.91

8.00
7.95
7.90

8. 18
8.14
8.16

8.70
8.67
8.65

8.03
8.05

8.08
8.20

8.05
8.15

8.10
8.25

8.10
8.25

8,07
8.18

8.22
8.25

8.88
9.20

7.96
8.19
8.37
10.50
8.00

8.00
8.17
8.38
10.50
8.00

7.98
8.20
8.42
10.50
8.00

7.98
8.18
8.51
10.50
8.00

8. 10
8.27
8.60
10.50
8.00

8.00
8.20
8.46
10.50
8.00

8.31
8.39
8.54
10.50
8.00

8.73
9.02
9.60
10.50
8.00

7.62
7.87

7.62
7.87

8.04
8.27
8.44

8.57
8.92
9.24

7.88
8.31

7.88
8.31

8.32
8.75

8.88
9.47

APR
22

APR
23

APR
24

APR
25

7.52

7.88

7.81

7.91
8.01
8.11

7.97
8.06
8.15

7.89
7.93
7.89

7.67
7.88
8.11

7.78
8.01
8.23

7.75
7.99
8.21

7.83
8.07
8.29

7.81
8.04
8.27

7.77
8.00
8.22

7.86
8.06
8.27

8.52
8.90
9.06

8.77
9.72
10. 15
10.67
11.03
11. 13
11.45
11.23

8.90
9.88
10.29
10.79
11.13
11.25
11.56
11.34

8.88
9.81
10.27
10.77
11.15
11.25
11.58
11.36

8.96
9.90
10.37
10.87
11.27
11.37
11.67
11.44

8.93
9.88
10.36
10.87
11.23
11.35
11.65
11.42

8.69
9.84
10.29
10.79
11. 16
11.27
11.58
11.36

8.95
9.88
10.28
10.81
11.15
11.24
11.51
11.29

9.86
10.71
11.05
11.52
11.82
11.86
12.06
11.81

11.18

11.29

11.31

11.40

11.39

11.31

11.25

11.78

11.98
13.34

12.07
13.40

12.10
13.43

12.16
13.43

12.14
13.44
12.65

12.09
13.41
12.65
9.39
13.12

12.09
13.44
12.53
9.25
13.16

12.56
13.69
13.17
9.77
13.17

9.39
13.12

WEEKLY FIGURES ARE AYBRAGBS OF 7 CALENDAR DAYS ENDING ON WEDNESDAY OF THE CURRENT IBEK;
HOVTHLY FIGURES INCLUDE EACH CALENDAR DAY IN THE MONTH>
QUOTED ON BANK-DISCOUNT BASIS.
RATES ON COHHERCIAL PAPER PLACED FOR FIRHS WHOSB BOND RATING I S AA OR THE EQUIVALENT.
RATE CHARGED BY BANKS ON SHORT-TERB BUSINESS LOANS.
RATS FOR THE FEDERAL RESERVE BAIK OF NEi YORK.
ISSUE DATE.
YIELDS ON ACTIVELY TRADED ISSUES ADJUSTED TO CONSTANT HATURITIES.
SOURCE: U . S . TREASURY.
SEE REVERSE FOR A DESCRIPTOR OF THE CONSTANT MATURITY SERIES.
UNWEIGHTED AVERAGB OF ALL ISSUES OUTSTANDING OF BONDS NEITHER DUB NOR CILLABLB IN LESS THAN 10 YEARS,
INCLUDING SEVERAL VERY LOW YIELDING "FLOWER1* BONDS.
ESTIMATE OF THE YIELD ON A RECEITLY-OFFERED, A-RATEO UTILITY BOND WITH A BATURITY OF 3 0 YEARS AND CALL
PROTECTION OF 5 YEARS; FRIDAY QUOTATIONS.
BOND BUYER I N D B I , GENERAL OBLIGATION, 20 YEARS TO MATURITY, MIXED QUALITY; THURSDAY QUOTATIONS.
CONTRACT INTEREST RATES ON COMMITMENTS FOR FIXED-RATE FIRST MORTGAGES.
SOURCE: FHLHC.

NOTE: WEEKLY AND MONTHLY FIGURES IBB AVERAGES OF DAILY RATES, EXCEPT FOR STA1E 6 LOCAL BONDS,
WHICH ARE BASED ON THURSDAY FIGURES, AND CONVENTIONAL MORTGAGES AND A-UTILITY BONDS,
BOTH OF WHICH ARE BASES ON FRIDAY FIGURES.




SELECTED INTEREST RATES
YIELDS IN PERCENT PER ANNUM
WEEK ENDING WEDNESDAY
WEEK ENDED
1985 :
APR
24 :
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/

7.69
7.74
8.07
8.20
8.49
11.49

4 WEEKS ENDED

1985 :
APR :
17 ;:

8.46
:
7.98
:
8.43
:
8.55
:» 8.71
: 11.60

1985 .:
APR :
24 :

1985
APR
3

:
8.32 :
:
8.00 :
: 8.46 ::
:
8.58 :
: 8.80 ::
: 11.73 ::

8.58
8.43
8.85
8.96
9.22
12.03

1. 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.