Full text of H.15 Selected Interest Rates : May 19, 1986
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FEDERAL RESERVE statistical release hese data are released each Monday. The availability of the release will be announced when the information <s available, on (202) 452-3206. ir'«se data are released each Monday. The availability of the release well De announced, when the ; nformation is available, on (202i 452-3206. For Immediate release H.15 (519) SELECTED INTEREST RATES MAY 19, I''18 6 Yields in percent per annum instruments FEDERAL FUNDS (EFFECTIVE) 1/ COMMERCIAL PAPER 2/3/ 1-MONTH 3-MONTH FINANCE PAPER PLACED DIRECTL* 2/ 1-MONTH 3-MCNTH 6-MONTH BANKERS ACCEPTANCES (TOP RATED) 2/ 3-MONTH 6-MONTH CDS (SECONDARY MARKET) 1-MONTH 3-MCNTH 6-MONTH BANK PRIME LOAN 1/4/ DISCOUNT WINDOW BORROWING 1/5/ U.S.GOVERNMENT SECURITIES TREASURY BILLS AUCTION AVERAGE 2/ 6/ 3-MONTH 6-MONTH 1-YEAP AUCTION AVERAGE(INVESTMENT) 6/ 3-MONTH 6-MONTH SECONDARY MARKET 2/ 3-MONTH 6-MONTH i-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 A-UTILITY 10/ r.TATE £ LOCAL BONDS 11' CONVENTIONAL MORTGAGES 12/ 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 1986 1956 1 19S6 1986 1986 MAY 12 MAY 13 MAY i 14 MAY 15 MAY 16 6 .92 6.85 6.82 7 .00 6 .80 6 .82 6.87 6 .99 6 .69 6.56 6.45 6.74 6.61 6.52 6.70 5.5'? 6.50 6.75 6 .63 6 . 52 6.73 6 .68 6 .60 6 .73 6.61 6.52 6 .66 6 . 5S 6.75 6.42 t . 60 fa . 4 7 6 .64 6.82 6.44 6.34 6.79 6.45 6.34 6 .81 6 . M5 6 .29 6.80 6.7? 6.70 6 . '« 6 •:.. 4 3 6.27 6.,: s 6 .44 6.64 6.52 6 .68 6 .57 6.48 6 .39 6 .29 6 ^8 6 .68 6 .80 6.74 6.73 8.50 6.70 6.64 6.65 3.50 6.50 6 .60 6 . / q C; 6 0 6 . 57 6.07 6.10 6 . 1? 6 .07 6 .09 6 . 06 o 07 5 ;)4 6.2 5 6.38 6.25 6 . 37 6 . ZA 6 .35 6.14 6.15 6.24 6 .05 6 . 06 6.08 6.10 6 .08 6 .06 649 6.82 6.98 7.19 6 .44 6 .; 0 6 .£6 7 . 34 7.16 7 .30 7.64 6.65 7.09 7.28 7.1:3 7.7 1 7.75 7.92 7 .48 7.77 6. :>6 6.11 6 .50 6.52 6 .44 6 , <4 0 6 .67 6.61 6 .62 & . 50 6 .50 6.69 6.6 7 6.67 8.50 6,50 6.51 6 . 42 6.64 6.59 6.60 8.50 6.50 6.61 6 . t> 2 8.50 6.50 . '•"!> 6 .60 6 . 50 6.07 6.10 h.17 6.25 6 . 38 This week 6.13 6.15 6.21 6.09 6.10 6.20 6.09 6.06 6.17 6.17 6 . 16 6.25 6.21 6.27 6 .61 6.98 7.14 •' .41 7 .57 7 .67 7.85 7.41 6.61 7.00 7.18 7.46 7 59 7.6 3 7.83 7.42 6.56 7.00 7.17 7.48 7.6 2 7,66 7.84 7.43 6 .65 7.16 7 .37 7 .67 7 .£0 7 .79 8 . 00 7 .50 6 80 / .94 8.03 7.97 8.07 8.26 8.05 9.09 10.22 9.08 10.26 9.13 10. 35 9.20 10.38 9.53 9.12 JO.;: 9 9.10 10.25 6 . 38 / . 52 7 . *f> 7 89 7 .99 7 .99 8. 10 7 . ?3 10.08 9.53 7. bS 10.08 Last week 6 . 53 6 .30 8.50 6.50 7 .44 7 .66 7.45 8 . 98 10. .16 9.4? 7.36 10.00 ArR o . 36 8.83 6.83 7.05 : "•• . SO . " . * 7 .59 8."9 10.19 9 . ?* 7.2G 9.94 1-iEEKlY riOUKf-S ARE AVERAGES OF 7 CALENDAR PAYS ENDING ON WEDNESDAY OF THE CURRENT WEEK; MONTH1. Y RC;jPr:0 INCLUDE EACH CALENDAR DAY TN THE M'JNTH. QUO,ED ON DANK-DISCOUNT BASIS. RATES ON COMMERCIAL PAPER PLACED FOR FIRMS WHOSE BOND RATING IS AA OR THE EQUIVALENT. RATE CHARGED BY BANKS ON T,HORT-rERM BUSINESS LOANS. RATE i OR THE FEDERAL RESERVE BANK OF NEW YORK. AUCTION DATE. YIELDS ON ACTIVELY TRADED ISSUES ADJUSTED TO CONSTANT MATURITIES. SOURCE: U.S. TREASURY. SFE REVERSE FOR A DESCRIPTOR OF" THF CONSTANT MATURITY SERIES. UNWEIGHTED AVERAGE OF ALL ISSUES OUTSTANDING OF BONDS NEITHER DUE NOR CALLABLE IN LESS THAN 10 YEARS, INCiUDING ONE VERY LOW YIELDING "FLOWER" BOND. ESTIMATE OF THE YIELD ON A RECENTLY-OFFERED, A-RATED 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 R M E S ON C O M M I T M E N T S FOR FIXED-RATE FIRST M O R T G A G E S . S O U R C E : FHLMC. NOTE: W E E K LuY A N D M O N T H L Y FIGURES A R E AVERAGE? OF DAIiY RATES, EXCEPT FOR STATE & LOCAL B O N D S . h:-«lC ARf. BA'^El; ON T H U R S D A Y ^IGURf.L-, A h D CONVENTIONAL M O R T G A G E S A N D A - U T I L I T Y BONDS, bJTH OF U ICH AkF 3A5ED ON FRIDAY FIGURES** AS -','F i M E H »5 K ^ r:A>E DATE OF JUNE 2 4 , l!i83, TREASURY B i n AUCTION AVERAGES WILL BE R E P O R T E D ON THt .V.fCTlON DATT INSTEAD OF THE ISSUE DAT?;. 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 : MAY : 14 : 1986 : MAY : 7 1986 : MAY : 14 : 6.82 6.08 6.56 6.58 6.79 7.77 6.87 : 6.0 8 : 6.56 : 6.55 : 6.74 7.66 6.87 : 6.0 5 : 6.50 : 6.52 : 6.72 : : : : : : : 7.62 • 1986 APR 16 7.0 8 6.09 6.70 6.70 6.88 7.47 FEDERAL FUNDS RATES ARE AVERAGES OF EFFECTIVE RATES FOR SEVEN CALENDAR DAYS ENDING ON WEDNESDAY. QUOTED ON BANK DISCOUNT BASIS. " 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.