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F E D E R A L R E S E R V E statistical release
2,15{519)

SELECTED INTEREST RATES AND BOND PRICES
(Yields in per cent per annum)
Calendar week ending June 9, 1979

For Immediate Release
June 11, 1979

June
June
June
June
June
This
Instruments
5
6
8
Week
7
4
10.19
10.26
10.23
10.17
10.26
10.23 2/
Federal funds (effective rate)
9.94
9.93
9.93
9.91
9.91
9.92
C ^ercial paper (prime, 90 to 119 days)
9.86
9.91
9.91
9.83
L .oercial paper (prime, 4 to 6 mos.) «
9.87
9.88
9.61
9.61
9.66
9.66
9.58
9.62
Finance paper placed directly (3 to 6 mos.) . . .
9.94
9.94
9.88
9.93
9.83
9.90
Bankers1 acceptances (prime, 90 days)
11.75
11.75
11.75
11.75
11.75
11.75
Prime loan (large business prime rate-majority) •
9.50
9.50
9.50
9.50
9.50
9.50
Discount rate (Federal Reserve Bank of New York).
Yields on U.S. Government securities: Zj
Auction Average (Issue date):
9.554
9.554
3-month bill
9.425
9.425
6-month bill
1-year bill
Market Yields:
9.18
9.44
9.29
9.35
9.36
9.54
3-month bill
9.33
9.24
9.44
9.27
9.19
9.29
6-month bill
8.98
8.94
8.89
8.82
9.09
8.94
1-year bill
Treasury constant maturities: kj
9.92
9.79
9.73
9.58
9.67
9.74
1-year
9.56
9.50
9.43
9.29
9.25
9.41
2-year
•
9.15
9.19
8.97
9.07
8.93
9.06
3-year
8.82
8.91
9.01
8.97
8.84
8.91
5-year
9.02
9.00
8.95
8.87
8.88
8.94
7-year
9.02
9.06
8.89
8.90
8.97
8.97
10-year
8.88
9.01
9.07
9.05
8.89
8.98
20-year
9.00
8.90
9.04
8.98
9.07
8.91
30-year
Coupon issues due in: 5J
9.08
8.96
8.88
9.04
8.87
8.97
3 to 5 years
1
9.88
9.93
9.90
9.87
9.94
9.90
Average yields on corporate bonds (Moody s)
9.48
9.34
9.47
9.43
9.33
9.41
Aaa • . .
10.44
10.43
10.45
10.44
10.45
10.44
Baa . •
5.75
5.75
State and local government Aaa (MoodyTs). .
1/ As of week ending June 10, 1978,
2/ 7-day average for statement week ended on preceding Wednesday.
3/ Bills quoted on bank discount basis.
Source: U.S. Treasury.
4/ Yields on actively traded issues adjusted to constant maturities.
5_/ Unweighted average for all issues outstanding.



Last
Year
Week
Ago 1/
10.28 2/ 7.47 2
9.92
7.41 "
7.45
9.91
7.25
9.70
7.54
9.93
8.50
11.75
9.50
7.00
9.526
9.409

6.626
7.095

9.55
9.44
9.05

6.62
7.12
7.36

9.88
9.54
9.19
9.01
9.01
9.04
9.06
9.06

7.89
8.07
8.16
8.25
8.30
8.38
8.47
8.45

9.08

8.18

9.94
9.48
10.45
5.75

9.13
8.74
9.63
5.65