Full text of H.15 Selected Interest Rates : March 24, 1986

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FEDERAL RESERVE statistical release
H.15 (519)

For immediate release

SELECTED INTEREST RATES

MARCH 24, 1986

Yields in percent per annum

Instruments

1986

1986

1986

1986

1986

MAR

MAR

MAR

MAR

MAR

20

21

7.60

7.55

7.38

7.25

7.17

7.47

7.52

7.86

7.25
7.12
7.00

7.25
7.17
7.03

7.23 7.13
7.03

7.19
7.12
7.00

7.19
6.99

7.22
7.13
7.01

7.20
7.13
7.04

7.70
7.63
7.54

7.21
7.10
7.06

7.24
7.14
7.06

7.25
7.16
7.08

7.07
7.05
7.00

7.16
7.12
7.06

7.19
7.11
7.05

7.18
7.14

7.11

7 .68
7.47
7 .40

7.03
6.86

7.04
6.90

7.05
6.90

7.03
6.86

7.03
6.88

7.04
6.88

7.05
6.95

7.54
7.41

7.24
7.14
7.14
9.00
7.00

7.29
7.18
7.17
9.00
7.00

7.29
7.17
7.16
9.00
7.00

7.27
7.17
7.16
9.00
7.00

7.28
7.17
7.15
9.00
7.00

7.27
7.17
7.16
9.00
7.00

7.24
7.19
7.18
9.07
7.07

7.69
7.69
7.70
9.50
7.50

6.52
6.55

6.52
6.55

6.55
6.54
6.61

7.03
7.08
7.19

6.72
6.87

6.72
6.87

6.75
6.86

7.25
7.44

17

FEDERAL FUNDS (EFFECTIVE) 1/
COMMERCIAL PAPER 2/3/
1-MONTH
3-MONTH
6-MONTH
FINANCE PAPER PLACED DIRECTLY 2/
1-MONTH
3-MONTH
6-MONTH
BANKERS ACCEPTANCES (TOP RATED) 2/
3-MONTH
6-MONTH
CDS (SECONDARY MARKET)
1-MONTH
3-MONTH
6-MONTH
BANK PRIME LOAN 1/4/
DISCOUNT NINDON BORROWING 1/5/
U.S.GOVERNMENT SECURITIES
TREASURY BILLS
AUCTION AVERAGE 2/ 6/
3-MONTH
6-MONTH
1-YEAR
AUCTION AVERAGE(INVESTMENT) 6/
3-MONTH
6-MONTH
SECONDARY MARKET 2/
3-MONTH
6-MONTH
1-YEAR
TREASURY CONSTANT MATURITIES 7/8/
1-YEAR
2-YEAR
3-YEAR
5-YEAR
7-YEAR
10-YEAR
20-YEAR
30-YEAR
COMPOSITE
OVER 10 YEARS(L0NG-TERM)9/
CORPORATE BONDS
MOODY"S SEASONED

AAA
BAA

18

19

*

FEB

6.56
6.60
6.59

6.54
6.58
6.59

6.49
6.56
6.58

6.44
6.51
6.56

6.41
6.49
6.54

6.49
6.55
6.57

6.59
6.58
6.59

7.06
7.11
7.11

7.03
7.22
7.27
7.42
7.68
7.77
8.15
7.97

7.03
7.23
7.29
7.48
7.76
7.83
8.20
8.00

7.02
7.17
7.30
7.46
7.72
7.82
8.14
8.00

7.00
7.17
7.29
7.45
7.69
7.78
8.10
7.95

6.98
7.19
7.28
7.47
7.70
7.80
8.13
7.98

7.01
7.20
7.29
7.46
7.71
7.80
8.14
7.98

7.03
7.17
7.26
7.40
7.61
7.72
8.09
7.95

7.61
7.97
8.10
8.34
8.58
8.70
9.08
8.93

8.15

8.20

8.18

8.14

8.16

8.17

8.14

9.07

9.00
10.45

9.05
10.51

9.04
10.53

9.02
10.51

9.03
10.49
9.38

9.03

8.98

10.50

10.50*
9.37 r

9.67
11.11
10.20
7.44
10.71

A-UTILITY 10/
STATE S LOCAL BONDS 11/
CONVENTIONAL MORTGAGES 12/

2,
3.
4.
5.
6.
7.
8.
9.

7.11

1986

Last
week

This
week

9.38
7.34
10.01

7,34
10.01

6.89
10.01

WEEKLY FIGURES ARE AVERAGES OF 7 CALENDAR DAYS ENDING ON WEDNESDAY OF THE CURRENT WEEK;
DAY IN THE MONTH.
RATING IS AA OR THE
RATE FOR THE FEDERAL RESERVE BANK OF NEW YORK.
AUCTION DATE.

10.
11.
12.

S0URCEt
B 0 N D S

; X l T I 0 N i

N E I T H E R

D U E

N0R

ATEDUTUITY B N D W I

°

™

u s

-

T R E A S U R Y

C A L L A B L E I N

AMATURITY

LESS

-

T H A N 1 0

YEflRS

F 3 YEARS AN

° °

5 2 H ? B ? ^ . . J 2 5 ' 6 E N E R A L OBLIGATION, 20 YEARS TO MATURITY, MIXED QUALITY; THURSDAY QUOTATIONS
CONTRACT
INTEREST RATES ON COMMITMENTS FOR FIXED-RATE FIRST MORTGAGES. SOURCE. FHLMC
NOTE> MEEKLY AND MONTHLY FIGURES ARE AVERAGES OF DAILY RATES, EXCEPT FOR STATE 8 LOCAL BONDS
»«HEA^^^

° A S S IBI H&H5 L K?i 8 & 2 S

uNE 4

i i^!5rEASURY

* Daily rate for March 10 W * R revised to iC.55.




BIU AUCTI0N AVERAGES WIU BE REP0RTED

'

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/

4 WEEKS ENDED

1986
MAR
19

1986
MAR
12

1986
MAR
19

1986
FEB
19

7.47
6.54
14
16
39
8.14

52
62
18
26
41
8.20

7.67
6.79
36
41
59
8.36

7.87
7.06
7.64
7.71
7.91
9.19

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.