Full text of H.15 Selected Interest Rates : February 22, 1977

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SKI.KCTl'.l» INTKKI'.NT BAITS AND BOND I’KLCF.S

(Yi«'I(In in per cent per annum)
Calendar week null up, l*«*l»ri»m*y ID, ID//

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For Immediate Release
February 2?, 1D77
r*

Feb.
Fob.
' T i b . .. ~ t .1”
Feb. .
This
Last
Year
IA
15
16
17
18
Week
Week
Ago*
A .68
A. 73
A.6D
Federal funds (elfcctive rate) ...............
A. 7D
A". 72
7»77o T 7 — 7»."So' 1/ 7f7 /U1/
A ./5
Common*ial paper (prime, DO to 11D days) . . . . A .75
A. /5
A .75
A. /5
4.75
4.75 ~
5.22
A ./5
Conmercial paper (prime, A to 6 mo:i.) ........ A .88
A ./5
A. 75
4.78
A. 75
4.80
5.28
Finance paper placed directly (3 to 6 mos.). . . A. 75
A .7 5
A. 75
A. /5
A. 75
4.75
A. 75
5.13
A. /9
Bankers' acceptances (prime, DO days).......... A. 70
A .81
A .75
4.78
A. 75
A. 82
5.02
(<.25
•’rime loan (large business prime rate-majority)* 6.25
6.25
6.25
6.25
6.25
6.25
6.75
Discount rale (Federal Reserve Bank ol New York) 5.25
5.25
5.25
6.25
5.25
5.25
5.25
5.50
Yields on U.S. Government securities 2/ . . .
.
Auction Average (Issue date): .............
3-month bill ...........................
A. 633
4.633
A. 625
4.854
6-month b i l l ...........................
A. 862
4.8A0
4.862
5.171
i yiiit lull......... ..................
Market Yields:
A. 63
3-month bill ...........................
A. 63
A. 61
A. 62
A. 66
4.63
A. 62
4.87
A .86
(•-month b i l l ...........................
A. 85
A u80
A. 82
A. 86
4.84
A. 85
5.22
5.09
5.1 !
1-year bill.............................
5. 06
5.04
5.12
5.08
5.11
5.58
Treasury constant maturities 3/
1-year...............................
5.36
5.39
5.A0
5.33
5.38
5.37
5. A0
5.96
6.06
6.0A
2-year...............................
6.02
5.99
6.06
6.03
6.03
n.n.
6.38
6.35
3-year...............................
6.29
6.32
6.A0
6.30
6.35
7.10
6.76
6.72
5-year...............................
6.67
6.70
6.82
6.7 3
6.75
7.44
7.16
7.1A
/-year...............................
7.10
7.05
7.18
7.13
7.12
7.70
/. 38
10-year...............................
7.36
7.3A
7.26.
7.A1
7.35
7.35
7.79
7.6A
20-year. . ...........................
7.62
7.57
7.57,
7.64
7.61
7.60
8.06
Coupon issues due in: A/
5. AA
9 to 12 months..................... . 5.A 3
5.50
5.AA
5.A3
5.43
5.A6
5.79
6.61
3 to 3 years.........................
6.62
6.58
6.55
6.65
6.60
-6.64
7.20
10 years or more (long-term) .......... 7.13
7.15
7.09
7.08
7.13
7.12
7.12
6.94
Price of long-term Treasury bonds 5/0/ . . . . 56.3A
56.20
56.63
56.71
56.3A
56.44
56.39
57.77
8.A 8
Average yields on corporate bonds (Moody's). . . 8.A 7
8.A 8
8 .Ad
8.A 8
8.48
8.A6
9.23
8.0A
8.03
8.03
8 .0A
8.0A
8.04
8.01
3.56
9.09
9.10
9. 11
D. 13
9.1A
9. 11
9.09
10.09
State and local government Aaa (Moody's) . . . .
5.15
5.15
5.17
6.06
J_/ 7-day average for statement week ended on preceding Wednesday. 2/ Bills quotei imi bank discount 1•as is.
y
Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury Department.
4/ Unweighted average of nil issues outstanding. 5/ Bonds neither due nor callable in less than 10 years.
H/ Derived from "long-term" yield above on the basis of an assumed 20-yenr bond with a 3 per cent coupon.
As of February 21, 107b.



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