Full text of H.15 Selected Interest Rates : March 30, 1992
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FEDERAL RESERVE statistical release Those data arc released each Monday. The availability of the release will be announced when the information is available, on (202) 452-3206. H.15 For immediate release March 30, 1992 (519) SELECTED INTEREST RATES Yields in percent per annum Instruments FEDERAL FUNDS (EFFECTIVE)1 2 3 COMMERCIAL PAPER3 4 5 1-MONTH 3-MONTH 6-MONTH FINANCE PAPER PLACED DIRECTLY3 * 6 1-MONTH 3-MONTH 6-MONTH BANKERS ACCEPTANCES (TOP RATED) 3 4 7 3-MONTH 6-MONTH CDS (SECONDARY MARKET) 3 8 1-MONTH 3-MONTH 6-MONTH EURODOLLAR DEPOSITS (LONDON) 3 9 1-MONTH 3-MONTH 6-MONTH BANK PRIME LOAN2 3 1 0 DISCOUNT WINDOH BORROHING2 ll U.S. GOVERNMENT SECURITIES TREASURY BILLS AUCTION AVERAGE3 * 1 2 3-MONTH 6-MONTH 1-YEAR AUCTION AVERAGE(INVESTMENT)12 3-MONTH 6-MONTH SECONDARY MARKET3 * 3-MONTH 6-MONTH 1-YEAR TREASURY CONSTANT MATURITIES13 1-YEAR 2-YEAR 3-YEAR 5-YEAR 7-YEAR 10-YEAR 30-YEAR COMPOSITE OVER 10 YEARS(LONG-TERM I 14 CORPORATE BONDS MOODY'S SEASONED AAA BAA 1 i Last ' week 1*)9^ This week 3.94 4.04 4.06 1 4.32 4.34 4.43 4. il 4.11 4.13 ' . 4.23 4.24 4.17 4.01 4.02 3.96 4.19 4.31 4.21 4.36 4.00 4,02 4.20 4.24 4.43 4.22 4.25 4.42 4.28 4.29 4.50 4.05 4.07 4.13 4.19 4.25 4.44 6.50 3.50 4.20 4.26 4.48 6.50 3.50 4.25 4.30 4.51 6.50 3.50 4.04 4.05 4.15 6.50 3.50 4.08 4.27 4.08 4.27 4.09 4.27 3.84 3.94 4.01 4.18 4.43 4.18 4.43 4.19 4.43 3.95 4.09 1992 1992 MAR 23 MAR 24 1992 1992 1992 MAR 25 MAR MAR 2b 27 3.98 3.86 3.95 4.07 3.85 4.31 4.34 4.44 4.29 4.32 4.42 4.25 4.27 4.37 4.23 4.24 4.36 4.25 4.26 4.38 4.21 4.25 4.23 4.22 4.23 4.16 4.15 4.18 4.18 4.10 4.14 4.12 4.12 4.17 4.16 4.16 4.19 4.17 4.25 4.38 4.20 4.32 4.18 4.28 4.18 4.28 4.16 4.30 4.28 4.31 4.51 4.26 4.28 4.46 4.21 4.22 4.37 4.16 4.18 4.35 4.25 4.31 4.56 6.50 3.50 4.25 4.31 4.50 6.50 3.50 4.19 4.25 4.44 6.50 3.50 4.13 4.19 4.44 6.50 3.50 : 4.27 : 4.29 4.39 FEB 4.08 4.25 4.50 4.05 4.19 4.42 4.01 4.16 4.38 4.01 4.15 4.36 4.01 4.14 4.36 4.03 4.18 4.40 4.06 4.23 4.50 3.84 3.93 4.08 4.74 5.87 6.37 7.10 7.37 7.62 8.04 4.66 5.78 6.26 7.00 7.27 7.53 7.94 4.62 5.72 6.22 6.96 7.25 7.53 7.94 4.60 5.69 6.23 6.98 7.29 7.57 7.99 4.60 5.68 6.22 6.97 7.27 7.54 7.94 4.64 5.75 6.26 7.00 7.29 7.56 7.97 4.73 5.84 6.33 7.08 7.37 7.63 8.03 4.29 5.21 5.72 6.58 6.96 7.34 7.85 8.00 7.90 7.89 7.94 7.90 7.93 8.00 7.78 8.36 9.30 8.36 9.24 8.36 9.24 8.37 9.27 8.35 9.21 8.87 8.36 9.25 8.87 6.77 8.98 8.38 9.31 8.98 6.79 9.03 8.29 9.23 8.79 6.74 A-UTILITY 15 STATE & LOCAL BONDS 16 CONVENTIONAL MORTGAGES17 j | SEE OVERLEAF FOR FOOTNOTES 6.77 8.98 FOOTNOTES 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. The daily effective federal funds rate is a weightcid average of rates on trades through N.Y. brokers. Meekly figures are averages of 7 calendar days endi.ng on Heohesday of the current week* •onthly figures include each calendar day in the month. Annualized using a 360-day year or bank interest. Quoted on a discount basis. An average of offering rates on commercial paper pLaced by several leading dealers for firms whose bond rating is AA or the equivalent. An average of offering rates on paper directly placed by finance companies. Representative closing yields for acceptances of the highest rated money center banks. An average of dealer offering rates on nationally traded certificates of deposit. Bid rates for Eurodollar deposits at 11 a.m. London time. One of several base rates used by banks to price short-term business loans. Rate for the Federal Reserve Bank of New York. Auction date for daily data*, weekly and monthly averages computed on an issue-date basis. Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury. Unweighted average of rates on all outstanding bords neither due nor callable in less than 10 years, including one very low yielding "flower" bond. Estimate of the yield on a recently offered* A-ra"ted utility bond with a maturity of 30 years and call protection of 5 years> Friday quotations. Bond Buyer Index, general 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 business days unless otherwise noted. DESCRIPTION OF THE TREASURY CONSTANT MATURITY SERIES Yields on Treasury securities at 'constant maturity* are interpolated by the U.S. Treasury from the 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 ovei—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 maturity yield values are read from the yield curve at fixed maturities, currently 1, 2, 3, 5, 7, 10, and 30 years. This method provides a yield for a 10-year maturity* for example* even if no outstanding security has exactly 10 years remaining to maturity.