Full text of H.15 Selected Interest Rates : December 10, 1984
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•iJM^ FEDERAL RESERVE statistical release For Immediate rtleas* DECEBBER 1 0 , 1984 SELECTED INTEREST RATES Yields in percent per annum instruments FEDERAL F08DS (EFFECTI?B> 1 / COBBESCIAL PAPER 2 / 3 / 1-BOHTH 3-fiONTH S-HO NTH FINANCE PAPER PLACED DIBBCTLY 2 / 1-HO NTH 3-SQNTH 6-HOSTH BANK ESS ACCEPTANCES {TOP BATED) 2 / 3-HONTH 6-HONTH CDS (SSCONDAfiY BARKET) 1-HOKTH 3-BO NTH 6-8ONT8 BANK PHiag LOAN 1/4/ DISCOUNT BINDOB BOBRO1IHG 1 / 5 / U.S.GOVERNMENT SECURITIES T3EAS0BY BILLS AUCTION A?EBAGB 2 / 6 / 3-HO NTH 6-HOHTH 1-YSAfi AUCTION AVERAGE (IBFESTBEBT) 6 / 3-BONTB 6-HONTH SECONDARY BARKET 2 / 3-BONTH 6-BO NT H 1-YEAS TRg&SORY CONSTANT BATORITIES 7 / 8 / t-I2AB 2-YEAR 3-YEAB 5-YEAR 7-YSAB 10-YEAR 20-YEAB 30-YEAB COBPOSITB OVER tO YEABS(LOHG-TEBB)9/ Week ending DEC 3 DEC 4 DEC 5 DEC 6 DBC 7 DEC 7 NO? 30 NO? 9.27 8.80 8.35 8.93 8.62 8.83 9.00 9.43 8.72 8.72 8.80 8.73 8.75 8.82 8.62 8.65 8.77 8.67 8.71 8.85 8.69 8.76 8.89 8.69 8.72 8.83 8.61 8.64 8.69 9.01 9.03 9.06 8.69 8.48 8.44 8.64 8.48 8.44 8.60 8.46 8.42 8.62 8.43 8.34 8.71 8.43 8.39 8.65 8.46 8.41 8.48 8.49 8.48 8.92 8.83 8.82 8.75 8.90 8.70 8.80 8.70 8.80 8.80 8.90 8.75 8.90 8.74 8.86 8.67 8.72 9.00 9.02 8.84 8.98 9.23 11.25 8.50 8.81 8.94 9.16 11,25 8.50 8.73 8.85 9.07 11.25 8.50 8.78 8.91 9.15 11.25 8.50 8.79 8.94 9.19 11.25 8.50 8.79 8.92 9.16 11.25 8.50 8.70 8.81 9.02 11.66 8.50 9.09 9.18 9.39 11.77 8.83 8.52 8.67 8.52 8.67 8.43 8.50 8.74c 8.79 8.99 9. 10r 8.83 9.19 6.83 9.19 8.73 9.01 9. 11 9.55 8.41 8. 61 8.89 8.49 8.59 8.82 8.47 8.58 8.81 8.48 8.66 8.89 8.35 8.61 8.87 6.44 8.61 8.86 8.41 8.55 8.78 8.61 8.81 9.01 9.66 10.50 10.84 11.23 11.51 11.56 11.69 11.56 9.59 10.44 10.74 11.16 11.45 11.52 11.65 11.53 9.58 10.40 10.74 11.14 11.46 11.52 11.65 11.53 9.68 10.49 10.81 11.23 11.55 11.61 11.74 11.62 9.65 10.51 10.85 11.31 11.64 11.70 11.83 11.70 9.63 10.47 10.80 11.21 11.52 11.58 11.71 11.59 9.55 10.37 10.67 11.09 11.32 11.39 11.54 11.43 9.82 10.65 10.90 11.33 11.49 11.57 11.66 11.56 11.26 11.22 11.23 11.32 11.40 11.29 11. 12 11.25 12,1? 13.43 12.13 13.41 \ 12.19 13.43 12.23 13.43 12.27 13.42 13.04 12.20 13.42 13.04 9.95 13.20 12.05 13.33* 12.90 10.04 13.42 12.29 13.48 12.98 10.17 13.64 C OJSPtrHitT E BOH DS HOODY'S SEASONED hkk BAA A-UTILITY 10/ STATE & LOCAL BOHDS 1 1 / CONVENTIONAL MORTGAGES 12/ 1. 9.95 13.20 SBEKLI FIGURES ABE AYERAGES OF 7 CALENDAR DAYS ENDIHG OH HBDHESDAI OF TBB CUBBBBT HEEK; MONTHLY FIGUBES INCLUDE EACH CALENDAR DAY I I THE BOITH. 2. Q3OTBD 0 8 BANK-DISCOUNT BASIS. 3. RATES ON COHBEBCIAL PAPER PLACED FOB FIRBS IHOS2 BOHD BATIiG I S AA OB TBB BQUI?ALEUT. 4. RATS CHARGED BY BANKS ON SHO8T-TERB BUSINESS LOANS. 5. HAT8 POS THE FEDEBAL RESERfE BANK OF NEW YORK. 6. ISSOE DATE. SOOBCE: U . S . TBBASUBY. ?. YIELDS OS ACTI?ELY TRADED ISSUES ADJUSTED TO CONSTANT BATURITIES. 3, SEE SEfEESE FOR A DESCRIPTOR OF THE CONSTANT HATOBITY SEBIBS. 9* USVEIGBTBD AVERAGB OF ALL ISSUES OUTSTANDIMG OF BOHDS NEITHES DUE MOB CALLABLE IB LESS THAB 10 YEABS, INCLUDING SE7EBAL ?BRY LOU YIELDING "FLOHER" BONDS. 10. BSTIHATB OF THB YIELD OH A RECBHTLY-OPFBRED, A-RATED UTILITY BOND WITH A BATDBITY OP 3 0 YEAIS AND CALL PEOTSCTIOH OF 5 YEARS; FRIDAY QUOTATIONS. 11* BQUD B0YE2 IND2X, GEIERAL OBLIGATION, 20 YEARS TO BATUBITY, BIXED QUALITY; THURSDAY QUOTATIONS. 12. CONTHACT INTEREST BATES 0 1 COHHITHBNTS FOB FIIBD-RATE FIRST BORTGAGES. SOURCE: FHLBC. *The rare for November 28 was r e v i s e d to 1 3 . 3 3 . _ mm% „ , „ „ . _ «« MPIO HOTK; WEEKLY AND BOSTHLI FIGURES ARE AVERAGES OF DAILY RATES, EXCEPT FOR STA1E & LOCAL BONDS, BHICH ARE BASED ON THURSDAY FIGURES, AND COMYEMTIOITAL BORTGAGBS AND A-UTILIIY BONDS, BOTH OF MHICH ABB BASED OH FRIDAY FIGURES. SELECTED INTEREST RATES YIELDS IN PERCENT PER ANNUM WEEK ENDING WEDNESDAY WEEK ENDED 1984 : DEC : 5 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/ 8.83 : 8.43 8.67 : 8.87 9.14 . 11.65 4 WEEKS> ENDED 1984 : NOV : 28 : 9.00 8.42 8.68 8.84 9.21 11.46 • : : : : : 1984 : DEC : 5 : 1984 NOV 14 9.21 : 8.54 : 8.91 : 9.08 : 9.40 : 11.66 : 9.65 9.05 9.44 9.63 9.94 11.75 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 ARE1, 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, 4, 5, 7, 10, 20, AND 30 YEARS. THIS METHOD PERMITS ESTIMATION OF THE YIELD FOR A 10-YEAH MATURITY, FOR EXAMPLE, EVEN IF NO OUTSTANDING SECURITY HAS EXACTLY 10 YEARS REMAINING TO MATURITY.