Full text of H.15 Selected Interest Rates : June 17, 1985
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FEDERAL RESERVE statistical release H.15 (519) For Immediate release JOKE 1 7 , 1985 SELECTED INTEREST RATES Yields In percent per annum JUNE JONS 10 11 7.76 FEDERAL FOiDS (EFFECTIVE) 1 / ;OHflERCIAL PAPBI 2 / 3 / 7.44 1-MOUTH 7.42 3-MO NTH 7.42 6-HONTH 'INANCE PAPER PLACED DIRECTLY 2 / 7.44 1-HOHTH 7.19 5-HO NTH 7.18 6-HONTfl 3AHKERS ACCEPTANCES (TOP RATED) 2 / 7.40 3-HONTH 7.46 6-HONTH :DS (SECONDARY MARKET) 7.47 1-HOSTH 7.54 3 - BO NTH 7.65 6 - HO NT H 10.00 3ANK PRIME LOAN 1/4/ 7.50 )ISCOUNT HINDOI BORR0MIB6 1 / 5 / J . S . GOVERNMENT SECURITIES TREASURY BILLS AUCTION AVERAGE 2 / 6 / 3-HONTH 6-HONTH 1-YEAR AUCTION AVERAGE (INVESTMENT) 6 / 3-HONTH 6-HONTB SECONDARY MARKET 2 / 7.23 3-BOUTH 7.34 6-HONTH 7.49 1-YBAR TREASORI CONSTANT MATURITIES 7 / 8 / 8.04 1-IEAR 8.87 2-YEAH 9.21 3-YEAH 9.68 5-IEAR 10.13 7-YBAR 10.16 1 0 - 1 EAR Instruments 20-YBAB 30-YEAR COBPOSITE OVER 1 0 TEARS(LO0G-TEflfl)9/ :ORPORATE BONDS BOODT'S SEASONED AAA BAA A-UTILITY 1 0 / STATE 5 LOCAL BONDS 1 1 / :ONVENTIONAL HORTGAGES 1 2 / 1. 2. 3. 4. 5. 6. 7. 8. 9. 1. 11. 12. Week ending JUNE 14 7 J0NB 12 JONE 7.62 7.40 7.38 7.27 7.62 7.75 7.97 7.46 7.45 7.45 7.38 7.37 7.37 7.40 7.39 7.40 7.37 7.36 7.37 7.41 7.40 7.40 7.37 7.33 7.31 7.80 7.83 7.88 7.46 7.29 7.28 7.38 7.28 7.28 7.36 7.20 7.20 7.28 7.13 7.13 7.38 7.22 7.21 7.34 7.19 7.17 7.74 7.71 7.69 7.40 7.38 7.35 7.35 7.40 7.45 7.25 7.25 7.36 7.38 7.30 7.25 7.77 7.81 7.49 7.51 7.65 10.00 7.50 7.42 7.44 7.52 10.00 7.50 7.46 7.52 7.66 10.00 7.50 7.41 7.43 7.49 10.00 7.50 7.45 7.49 7.59 10.00 7.50 7.38 7.39 7.46 10.00 7.50 7.83 7.92 8.08 10.31 7.81 7.21 7.35 7.18 7.21 7.35 7.18 7.03 7.16 7.56 7.75 7.94 7.45 7.74 7.45 7.74 7.26 7.53 7.82 8.18 7.01 7. 10 7.25 7.48 7.f 5 7.85 13 JONB 14 BAY 7.15 7.23 7.38 7.09 7.18 7.34 6.97 7.14 7.33 6.70 6.85 7.03 7.03 7.15 7.31 10.59 10.47 7.92 8.78 9.15 9.63 10.04 10.08 10.50 10.41 7.88 8.76 9.10 9.65 10.09 10.16 10.55 10.46 7.87 8.76 9.07 9.67 10.14 10.21 10.61 10.51 7.54 8.45 8.78 9.39 9.90 9.98 10.41 10.31 7.85 8.72 9.06 9.60 10.06 10.12 10.53 10.43 7.80 8.63 8.97 9.45 9.93 10.00 10.46 10.37 8.46 9.39 9.75 10.34 10.72 10.85 11. 19 11.05 10.40 10.31 10.34 10.40 10.21 10.33 10.27 10.96 10.94 12.31 10.89 12.30 • 10.88 12.31 10.92 12.35 10.79 12.32 11.50 10.88 12.32 11.50 8.66 12.27 10.93 12.36 11.57 8.60 12.39 11.72 13.15 12.25 9.01 12.91 8.66 12.27 WEEKLY FIGURES ARE AVERAGES OF 7 CALENDAR DAIS ENDING ON WEDNESDAY OF IBB CURRENT HEBE; HONTHLI FIGURES INCLUDE EACH CALENDAR DAI IN THE »ONTH. QUOTED ON BAHI-DISCOUNT B A S I S . RATES ON COMMERCIAL PAPER PLACED FOR FIRMS WHOSE BOND BATING I S AA OR TBE BCOIVALENT. RATB CHARGED BT BANKS ON SHORT-TERM BUSINESS LOANS. RATE FOR THB FEDERAL RESERVE BANK OF NBB IORK. ISSUE DATB. YIELDS ON ACTIVELY TRADED ISSUES ADJUSTED TO CONSTANT MATURITIES. SOURCE* U.S. TREASURY. SEE REVERSE FOB A DESCRIPTON OF THE CONSTANT MATURITY SERIBS. UNWEIGHTED AVERAGE OF ALL ISSUES OUTSTANDING OF BONDS NEITHER DUB NpR CALLABLE IN LESS THAN 10 YEARS, ^ l ^ \ ^ l ^ ^ ^ ^ »""" D "ILI" B0"D "ITH ' "TOfiI" 0P 30 IE"S " BONDEBOYER I N D B I , GENERAL OBLIGATION, 20°YEARS TO MATURITY, BIXED QUALITY; THURSDAY QUOTATIONS. CONTRACT INTEREST RATES ON COMMITMENTS FOR FIXED-RATE FIRST MORTGAGES. SOOBCE: FHLHC. IOTB: WEEKLY AND MONTHLY FIGURES ARE AVERAGES OF DAILY RATES, EXCEPT FOR STA1E & LOCAL BONDS, WHICH ARE BASED ON THURSDAY FIGURES, AND CONVENTIONAL MORTGAGES AND A - 0 T I L I T I BONDS, BOTH OF WHICH ARE BASED ON FRIDAY FIGURES. SELECTED INTEREST RATES YIELDS IN PERCENT PER ANNUM WEEK ENDING WEDNESDAY WEEK ENDED 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/ 1985 : JUNE : 12 : 198 5 : JUNE : 5 7.62 s; 7.12 : 7.37 : 7.46 : 7.58 : 10.53 7.75 : 7.04 : 7.40 : 7.45 •: 7.63 : 10.56 4 WEEKS ENDED 1985 : JUNE : 12 : 7 .72 7. 18 7 .49 7.57 7 .77 10.76 :: : : : : 1985 MAY22 8.15 7.64 7.99 8.09 8.31 11.39 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 ARE 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, 5, 7, 10, 20, AND 30 YEARS. THIS METHOD PERMITS ESTIMATION OF THE YIELD FOR A 10-YEAR MATURITY, FOR EXAMPLE, EVEN IF NO OUTSTANDING SECURITY HAS EXACTLY 10 YEARS REMAINING TO MATURITY.