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MAV

/ifik.

FEDERAL

BP/
h

«ir« « « j » BMM

,M

RESERVE

Instruments
Federal funds (effective rate).....................
Cowmerclal paper (prlw, 9M t 119 days)..........
Commercial paper (prime, 4 to h m o s . ) ........ .. ,
Finance paper placed directly (") to 6 mos.) . . . .
Bankers' acceptances (prime, 90 days) ............
Prime loan (large huslne** prime rate-ma|orlty) . •
Discount rate (Federal P«**>eiv«' Rani- » New York). .
Yields on U.S. Government secutitfesAuction Average (Issue date)
3-month bill
...............................
6-month b i l l . .
....
1-year bill
. . . . . . .
.
...
Market Yields:
3-month bill
.
.
.......................
6-month hill
...............................
1-year hill
.
.
.......... ............
Treasury constant maturities: 4/
1-year ........
.......................
2-year ........ .........................
3-year ...................................
5-year ...................................
7-year ...................................
10-year ...................................
20-year ....................... ..........
30-year ...................................
Coupon issues due In: 5/
3 to 5 years .............................
Average yields on corporate bonds (Moody's) . . . ,
A a a ............................................
B a a .......................................
State and local government Aaa (Moody's). ,

Oct.
9
M
A
R

Oct.
10
9.06
8.87
8.91
8.67
9.00
9.75
8.00

statistical

, . i . c,.

Oct.
11
8.30
8.9?
8.97
8.69
9.08
9.75
8.00

*

Oct.
12
8.81
8.93
8.99
8.74
9.10
9.75
8.00

Oct.
13
T 7 T
8.95
9.00
8.75
9.08
10.00
8.00

Lnr ■ 'uir Pe lease

this
Last
Week
Week
8.71 2 r ~ 8.86 i f
8.92
\ 8.70 ~
8.97
8.75
8.71
8.54
9.06
8.89
10.00
9.75
8.00
8.00

K
E

8.256
8.422

Year
Ago 1/
6.4T77
6.50 ~
6.54
6.38
6.64
7.50
5.75

8.256
8.422

8.161
8.377

6.156
6.381

T

r

8.21
8.42
8.27

8.09
8.42
8.29

7.78
8.35
8.26

7.82
8.36
8.29

7.98
8.39
8.28

8.14
8.39
8.23

6.32
| 6.52
6.61

8.91
8.70
8.47
8.50
8.54
8.58
8.62
8.61

8.93
8.70
8.48
8.51
8.53
8.56
8.62
8.61

8.90
8.69
8.47
8.47
8.49
8.51
8.60
8.58

8.98
8.69
8.47
8.47
8.50
8.52
8.60
8.59

8.93
8.70
8.47
8.49
8.52
8.54
: 8.61
8.60

8.88
8.69
8.50
8.52
8.56
8.58
8.64
8.63

7.05
7.14
7.18
7.3?
7.47
7.54
7.72
7.79

8.48

8.47

8.46

8.46

8 47

8 48

7.21

9.14
8.84
9.51

9.16
8.86
9 53

9.16
8.85
9 65
5.50

9.16
8.86
Q 54

9.15
8.85
9.52
5.50

9.10
8.81
9.48
5.50

8.41
! 8.04
8.86
5.35

f
o
c
E
D

9.12
8.83
9.47

2/
3/

7-day average for statement week ended on preceding Wednesday.
Bills quoted on bank discount bCCiC*

Z/

Yields on actively trailed Issue* adjusted to constant maturities
Unweighted average of all Issues outstanding.




U V - . M M t W I t u i M ta tM V d T M I'k / *H T f.- f, r rfV. I rVHVJ

SELECTED INTEREST RATES AND BOND PRICES
(Yield* In per cent per atinum)
Calendar week ending October 14, 1978

.15

5/

iv t x a o c w

Source:

U.S. Treasury.