Full text of H.15 Selected Interest Rates : March 11, 1985
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FEDERAL RESERVE statistical release H.15 (519* For immediate release flAfiCH 1 1 , 1985 SELECTED INTEREST RATES Yields in percent per annum Instruments FEDEBAL FUMDS (EFFECTIfB) 1 / COHHBBCIAL PAPBB 2 / 3 / 1-flOMTH 3-80MTH 6-HOHTH FIBANCE PAPEB PLACED DIBECTLI 2 / 1-HOBTH 3-HOMTH 6-JIOHTH BAMKEBS ACCEPTABCES (TOP BATED) 2 / 3-HOMTH 6-HOBTH CDS (SECOVDABT MARKET) 3-HONTH 6-HOHTH BAHK PRIMS LOAB / / DISCOUNT 1INDOB BOBBQBIBG 1 / 5 / U . S . GOVEBMBEBT SECUBITIES TBEASUBI BILLS AUCTION AVEBAGE 2 / 6 / 3-aONTB 6-flONTH 1-TEAB AOCTIOM A?EBAGE(IBVESTBBHfy 6 / 3-BOMTH 6-HOMTfl SECOHDABT flABKET 2/ 3-8OBTB 6-flOHTH 1-IEAB TBEASOBI COMSTABT HATOBITIES 7/8/ 1-IBAB 2-TEAB 3-TEAB 5-IEAB 7-IEAB 10-TEAB 20-IEAB 30-IEAB COMPOSITE OTEB 10 TEABS(LOIG-TEBH)9/ COBPOBATE BOHDS MOODT'S SEASOM1D AAA BAA A-UTILITI 1 0 / STATE S LOCAL BOIDS 1 1 / COHfEHTIOBAL SOBTGAGES 1 2 / 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Week ending HAB flAB 1 8 flAB 4 SAB 5 flAB 6 HAS 8.73 8.53 8.21 8.47 8.42 8.63 8.40 8.50 8.81 9.05 9.38 8.82 9.08 9.43 8.77 9.03 9.37 8.82 9.11 9.49 8.80 9*05 9.43 8.60 9.06 9.42 8.55 8.75 9.05 8.46 8.54 8.69 8.74 8.73 8.60 8.82 8.76 8.63 8.77 8.70 8.63 8.78 8.71 8.63 8.79 8.75 8.63 8.78 8.73 8.62 8.54 8.48 8.41 8.42 8.25 8.20 9.15 9.45 9.10 9.45 9.10 9.40 9.20 9.50 8.S5 9.25 9.10 9.41 8.80 9. 13 8.55 8.69 8.81 9.20 9.82 10.50 8.00 8.86 9.24 9.91 10.50 8.00 8.71 9.16 9.80 10.50 8.00 8.81 9.29 9.92 10.50 8.00 8.82 9.21 9.83 10.50 8.00 8.80 9.22 9.86 10.50 8.00 8.62 8.91 9.47 10.50 8.00 8.50 8.69 9.04 10.50 8.00 8.73 8.98 8.73 8.98 8.36 8.53 8.22 8.34 8.46 9.05 9.54 9.05 9.54 8.66 9.04 8.51 8.83 7 F£B 8.70 9.00 9.10 8.68 8.94 9.04 3.69 8.94 9.08 8.80 9.12 9.25 8.58 8.85 8.96 8.69 8.97 9.09 8.47 8.70 8.84 8.27 8.^9 8.56 9.91 10.78 11.12 11.57 11.87 11.93 12.14 11.91 9.84 10.71 11.05 11.49 11.80 11.86 12.05 11.83 9.88 10.75 11.09 11,53 11.86 11.92 12.14 11.89 10.08 10.83 11.19 11.61 11.91 1U94 12.17 11.93 9.76 10.56 10.90 11.37 11.69 11.71 11.95 11.71 9.89 10.73 11.07 11.51 11.83 11.87 12.09 11.85 9.61 10.53 10.91 11.47 11.78 11.83 12.06 11.80 9.29 10.17 10.55 11.13 11.44 11.51 11.70 11.47 11.85 11.78 11. 8« 11.88 11.68 11.81 11.77 11.35 12.55 13.62 12.51 13.60 12.58 13.62 12.64 13,63 12.49 13.70 13.14 12.55 13.63 13.14 9.75 13.10 12.47 13.51 13. 18 9.71 13.02 12.13 13.23 12.76 9.65 12.92 9.75 13.10 SEEKLI FIGOBBS ABE AfEfiAGES OF 7 CALBIDAB DAIS BHDIMG 01 HEDMESDAf OF TBB C M B I S * SBEl: MOMTftLI FIGOftES IHCL0DB EACfi CAl.tiMDAB DAI IS THE SOiTfi. QUOTED 0 1 BABK-DISCOOBT B A S I S . HATES OB COS8EBCIAL PAPEB PLACED FOB FIBHS 1HOSE BOMD BATIIG I S AA OB TBB ECOIfALElT. BATE CHAHGED BI 8ABKS OB SHOBT-TEBJi BOSIBESS LOAIS. BATE FOB TBE FEDERAL BESEBfE BANK OF MEI IOBK. ISSUE DATE. IIELDS 01 ACTIfELI TBADED ISS0ES ADJUSTED TO COBSTABT BATOBITIBS. SOCBCE2 U.S. TBEASOBI. SEE BEYEBSE FOB A DESCBIPTOB OF THE COMSTAMT BATOBITI SE1IBS. UHBEIGHTED AfEBAGB OF ALL ISSUES OUTSTAHDIHG OF BOBDS IEITBEB DOB BOB CALLABLE II LESS THAI 10 IEABS, IMCLODIMG SEfEBAL fEBI LO1 IIELDIHG "FLOiEB" BOMDS. ESTIHATB OF THE H E L D OB A BECEMTLI-OFFEBED, A-BATBD UTILITI BOBD «ITH A BATUBIfl OF 30 IEABS AMD CALL PBOTECTIOi OF 5 IEABS; FBIDAI QUOTATIONS. BOBD BOIEB IMDEI, GEMEBAL OBLIGATION, 20 IEABS TO BATOBITI, S U E D QOALITI; THOBSDAI QUOTATIONS. COMTBACT IMTBBEST BATES 0 1 CQHBITHBBTS FOB FIXED-BATB FIBST HOBTGAGES. SCUBCB2 FBL«C. MOTE: HEEKLI AID HOBTHLI FIGOBES ABE ATEBAGES OF DAILI BATES, EXCEPT FOB STAIB & LOCAL BOIDS, SBICH ABE BASBD OB THOBSDAI FIGOBES, ABD COB?EMTIOBAL HOBTGAGBS ABD A - D T I L I I I BOBDS, BOTH OF HBICa ABE BASED OH FBIDAI FIGUfiBS. SELECTED INTEREST RATES YIELDS IN PERCENT PER ANNUM WEEK ENDING WEDNESDAY WEEK ENDED 1985 : MAR : 6 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/ 8.63 : 8.65 R.99 : 9.12 9.58 : 12.11 4 WEEKS ENDED 1985 : FEB : 27 : 8.40 8.40 8.66 8.86 9.24 11.99 : : • : • : 1985 : MAR . 6 : FEB 8.51 : 8.36 : 8.66 : 8.82 : 9.20 : 11.82 : 8.42 7.95 8.19 8.32 8.60 11.46 1985 13 1. 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.