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FEDERAL

RESERVE

statistical

release

.

U.S. GOVERNMENT SECURITY YIELDS AND PRICES
Calendar week ending February 23, 1974

H. 15

Feb.
18
Yields (per cent per annum")
Auction Average:
3-month bills
6-month bills

Feb.
19

Feb.
20

C

Feb.
21

Feb.
22

7.018
6.787

Weekly Average
This
Last
Year
week
week
ago*

7.018
6 .787

7.081
6.882

5.45.
5.65.

L
Market Yields:
3-month bills
6-month bills
1-year bills
Other issues, due in
9-12 months 1/
Issues, due in 3-5
years 2/
Bonds, due or callable
in 10 years or more 3/
Prices
Bonds, due or callable
in 10 years or more 4/
NOTE:

*

s

7.03
6.80
6.39

7.04
6.82
6.40

7.09
6.90
6.43

7.10
6.95
6.45

7.07
6.87
6.42

7.06
6.86
6.41

5.58
5.84
5.95

E

6.83

6.86

6.87

6.93

6.87

6.83

6.16

D

6.73

6.74

6.77

6.78

6.76

6.70

6.67

6.53

6.55

6.57

6.57

6.56

6.50

6.15

60.90

60.74

60.58

60.58

60.70

61.12

64.03

0

Yields are averages of those computed by the Federal Reserve Bank of New York
on the basis of closing bid prices. Yields on Treasury bills are computed
on a bank discount basis.

As of February 24, 1973.

1/

Currently includes the 5-7/8 per cent note of December 31, 1974, the 5-3/4 per
cent note of February 15, 1975, and the 5-7/8 per cent note of February 15, 1975.

2/

Currently includes the following notes:
6-7/8 per cent of 5/15/77
7-3/4 per cent of 8/15/77
includes
cent of
cent of
cent of
cent of
cent of
cent of

6-1/4 per cent of 2/15/78
6
per cent of 11/15/78

3/

Currently
6-3/8 per
3-1/4 per
6-1/8 per
3-1/2 per
4-1/4 per
4
per

the following bonds due or callable in 10 years or more:
1984
6-3/4 per cent of 1993
1985
7-1/2 per cent of 1988-93
1986
4-1/8 per cent of 1989-94
1990
3
per cent of 1995
1987-92
7
per cent of 1993-98
1988-93
3-1/2 per cent of 1998

4/

Prices derived from average market yields on the basis of an assumed 3 per
cent, 20-year bond.
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD

FEBRUARY 25, 1974