Full text of H.15 Selected Interest Rates : April 3, 1978

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F E D E R A L

R E S c R V E

statistical

SELECTED INTEREST RATES AND BOND PRICES
(Vlelds In per cent per annum)
Calendar week ending April 1, 1978

H .15
Instruments

Mar .
27
6.89
6.75
6.80
6.75
6.79

Mar.
28
6.84
6.76
6.80
6.75
6.78

Mar.
29

Mar.
30
6.91
6.75
6.80
6.75
6.80

release

For Immediate Release
April 3, 1978
Mar.
31
6.97
6.75
6.80
6.75
6.85

This
Week
6.82 2 /
6.75
6.80
6.75
6.80

Last
Week
6.77 2/
6.75
6.80
6.74
6.76

Year
Ago 1/
4.74 2/
4.75
4.88
4.85
4.76
6.25
5.25

Federal funds (effective rate)..................
6.88
Commercial paper (prime, 90 to 119 davs)........
6.76
Commercial paper (prime, 4 to 6 mos.) ..........
6.80
Finance paper placed directly (3 to 6 mos.) . . .
6.75
Bankers’ acceptances (prime, 90 days) ..........
6.80
Prime loan (large business prime rate*-ma jor ity) .
8.00
8.00
8.00
8.00
8.00
8.00
8.00
Discount rate (Federal Reserve Bank of New York).
6.50
6.50
6.50
6.50
6.50
6.50
6.50
Yields on U.S. Government securities:
3/
Auction Average (Issue date):
3 -month bill ............................
6.310
6.310
6.207
4.609
6-month bill ............................
6.547
6.666
6.666
4.870
1 -year bill
............................
Market Yields:
3-month bill
............................
6.28
6.28
6.28
6.37
6.47
6.34
6 .2 1 *
4.57
......................
6 -month bill . .
6.63
6.62
6.69
6.66
4.81
6.74
6.57
6.63
....................
1 -year bill
.
6.85
6.94
6.83
6.77
6.85
6.98
5.15
6.89
Treasury constant mutmlfles:
........
L-year
................ ............
7.34
7.33
7.42
7.36
7.48
7.39
7.25
5.45
2 -year
........
...
........
7.61
7.64
7.64
7.64
7.54
7.70
7.65
6.05
3-year
................
........
7.76
7.78
7.78
7.78
7.83
7.79
7.65
6.45
5-year
................
. . . . . .
7.94
7.94
7.91
7.94
7.81
6.94
7.95
7.97
7-year
..............................
8.00
8.02
8.03
8.02
8.02
7.90
8.05
7.22
1 0 -year
.......... ..................
8.12
8.12
8.11
8.12
8.12
7.98
8.15
7.45
20 -year
..............................
8.26
8.26
8.26
8.27
8.17
8.31
8.25
7.73
30-year
. . ..........................
8.28
8.10
8.29
8.30
8.29
8.33
8.19
7.79
Coupon issues due In: 5
3 to 5 years ..........................
10 years or more (long term)............
S
F
0
E
E
0
T
N
0
T
E
5/
Price of long-term Treasury bonds 5/ ..........
Average yields on corporate bonds (Moody’s) . . .
8.82
8.80
8.81
8.81
8.81
8.78
8.83
8.53
8.46
8.48
A a a ........................................
8.46
8.50
8.10
8.49
8.48
8.45
9.25
9.21
9.23
9.26
9.26
9.11
B a a .........................................
9.25
9.25
State and local government Aaa (Moody's)........
5.10
5.10
5.20
5.10
1/ As of week ending April 2 , 1977. 2/ 7-day average for statement week ended on preceding Wednesday.
2.1
quoted on bank discount basis. 4/ Yields on actively traded issues adjusted to constant maturites. Source: U.S.
Treasury Department.
5/ The 9 12 month, 3-5 year, and long-term series are no longer being published in the weekly
H.15 release. As announced early last year, these series are being phased out of all Board publications, inasmuch
as the Treasury constant maturity yield series are more than adequate replacements. * The figure in this column
last week was erroneously reported as 6.26, Instead of 6.27.