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F E D E R A L R E S E R V E statistical release
SELECTED INTEREST RATES AND BOND PRICES
(Yields in per cent per annum)
Calendar week ending May 5, 1979

H.15(519)

Instruments
Federal funds (effective rate) . ,
Commercial paper (prime, 90 to I19 days) . . . .
Commercial paper (prime, 4 to 6 mos.)
Finance paper placed directly (3 to 6 mos,). . .
Bankers1 acceptances (prime, 90 days)
Prime loan (large business prime rate-majority).
Discount rate (Federal Reserve Bank of New York)
Yields on U.S. Government securities: J3/
Auction Average (Issue date):
3-month bill
6-month bill
1-year bill
Market Yields:
3-month bill
6-month bill
1-year bill
Treasury constant maturities: 4-/
1-year

April
30
10.43
9.86
9.88
9.65
9.99
11.75
9.50

May
1
10.38
9.85
9.88
9.66
9.91
11.75
9.50

May
2
10.20
9.87
9.91
9.65
9.99
11.75
9.50

For Immediate Release
May 7, 1979
May
3
10.24
9.86
9.90
9.66
10.00
11.75
9.50

May
4
10.25
9.92
9.97
9.71
10.05
11.75
9.50

9.498
9.570

This
Week
10.22 If
9.87
9.91
9.67
9.99
11.75
9.50

Last
Week
10.09 2/
9.65
9.68
9 51
9 75
11 75
9.50

9.498
9.570

9.115
9.295

6.460
6.935

Year
Ago 1/
7.27 2/
6.94
6.99
6.83
7.18
8.25
6.50

9.235
9.56
9.57
9.39

9.50
9.56
9.35

9.55
9.59
9.39

9.61
9.63
9.44

9.68
9.63
9.44

9.58
9.60
9.40

9.23
9.40
9.27

6.38
6.90
7.16

10.29
9.91
9.53
9.35
9.33
9.35
9.26
9.22

10.24
9,91
9.54
9.35
9.33
9.36
25
21

10.28
9.91
9.54
9.34
9.32
9.34
9.27
9.22

10.34
9.93
9.55
9.36
9.34
9.38
9.29
9.27

10.33
9.93
9.55
9.38
9.37
9.39
9.32
9.29

10.30
9.92
9.54
9.36
9.34
9.36
9.28
9.24

10.12
9.80
9.47
9.28
9.26
9.25
9.20
9.15

68
,92
,99
8.09
8.16
8.28
8.40
8.40

9.42

9.41

9.41

9.42

9.44

9.42

9.35

8.02

9.89
9.90
Average yields on corporate bonds (Moody's),
9.50
9.50
Aaa
10.36
10.36
Baa
State and local government Aaa (Moody's) . ,
T7 As of week ending May 6, 1978.
2/ 7-day average for statement week ended on preceding Wednesday.
3^/ Bills quoted on bank discount basis.
4/ Yields on actively traded issues adjusted to constant maturities.
5/ Unweighted average for all issues outstanding.

9.92
9.50
10.41

9.93
9.51
10.43
5.80

9.95
9.53
10.44

9.92
9.51
10.40
5.80

9.86
9.44
10.36
5.75

8.95
8.62
9.41
5.45

2-year

••

3-year
5-year
7-year
10-year
20-year
30-year
Coupon issues due in: 5/
3 to 5 years




Source:

U.S. Treasury.