Full text of H.15 Selected Interest Rates : August 29, 1977

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R E S E R V E

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SCLECILD INTERCST RATES AND BONO PRICES
( Y i el d in per cent, per annum)
Calendar week ending August 27, 19/7

Tor Immediate.* Release
August 29, 11m

Aug.
Aug.
Aug.”
Aug.
Aug.
T in s
Last
Instrument*.
22
2.1
24
25
26
Week
Week
Ieder.il Iunds f e l f«?c~Lfverafte).
. T
6T o o "
6.99"
5V*)9
" 6 . 0 1 " T.VOtT
5.9)
17
5 . ^ - r 17
Commercial paper (prime, CU1 to 119 days)!
5. '10
5.88
5.00
5.88
5.88
b.BO
5.88
Crmiiierci.iI paper (prime, *1 to 6 mos.) . !
6.00
5.95
6.00
5.90
5.90
5.95
I inance paper placed d i r e c t l y (3 to G mos.)
5.88
5.08
5.80
5.80
5.88
5.88
Bankers' acceptances (prime, 90 days)
5.98
5.98
5.95
5.93
5.93
5.9b
Prime loan (la rg e business prime ra te-m a jority)
7.00
7.00
7.00
7.00
7.00
7.00**
Discount rate (Federal Reserve Bank o f New York)
5.25
5.25
5.25
5.25
5.25
5.25
Yields on li.S. Government s e c u r i t i e s :
2/
Auction Average (Issue d a t e ) :
3-.uonth b i l l ...........................................................
5.553
.609
5.553
6-month b i l l ......................................
5.091
5.301
.978
1-year b i l l . ,
6.105
.......................................................
?!iri et Y ield
3-month b i l l ...........................................................
5.47
5.55
5.55
5.53
5.54
;>. jo
I
6-month b i l l ...........................................
5.87
5.88
5.09
5.87
5.86
5.87
5.92
I-year b i l l ...........................................
6.04
6.01
6.03
6.01
5.99
6.02
■
Treasury coupon m a tu rities:
3/
1year ........................
6.46
6.43
6.42
6.40
6.30
2year ........................
6.66
6.64
6.67
6.62
6.62
3- year ..................................
6.79
6.79
6.79
6.78
6.74
5-year ..................................
7.05
7.02
7.01
6.98
6.93
/-y e a r ..................................
7.20
7.24
7.20
7.16
7.12
10-year ..................................
7.39
7.36
7.35
7.32
7.27
20-year ..................................
7.03
7.61
7.59
7.53
7.56
30- y e a r .....................
7.67
7.65
7.05
7.62
7.50
Coupon issues duo in:
■1/
9 to 12 months ......................................
6.43
6.41
6.40
6.34
6.36
6
6.50***
3 to 6 y e a r s ...........................................
6.93
6.90
6.9/
6.09
6.04
(». 1
6.87
10 years or more......................................
0.96
6.94
6.92
6.91
6.09
7.00
6.92
Price o f long-term bonds
5 / 6 / .....................
58.11
57.73
57.96
57.88
57.59
57.85
57.28
Average y ie ld s on corporate bonds (Moody's)
8.35
0.35
8.34
8.32
8.34
8.33
8.35
A a a .........................................................................
7.99
/ .97
7.96
7.97
7.99
/.%
7.93
B a d ........................................................................
0.01
0.01
8.91
8.02
8.81
a. 00
8.81
State and 1oca 1 govcrument ( Moody' s ) .
5.27
7
7-day average for statement week ended on piece*
discount ja s i s .
Yields on .actively traded issues adjusted to constant m at ur i ti es .
Source: II.S. Treasury Department.
Unweighted average of a l l issues outstanding.
5/ Bonds neither duo nor c a l l ab l e in less than 10 years.
Derived from "long-term" y i e l d above on the basis of an assumed 20-year bond with a 3 per cent coupon.
-V. of voek ending August 2H, 1976.
** As of August 22. *** August 19 revised to 6.44.




.

Year
Ago*
"5 .7 8 1/
5.30
5.43
5.40
b. iO
7.00
5.50

5.138
5.380

5.92
6.98
6.79
50.87
8.83
0.4 3
9.57
5.49