[Economic Indicators June, 1995] [Page Number 30] [From the U.S. Government Publishing Office, www.gpo.gov] INTEREST RATES AND BOND YIELDS Interest rates fell in June. ____________________________________________________________________________________________________________________________________________ [Percent per annum] -------------------------------------------------------------------------------------------------------------------------------------------------------- U.S. Treasury security yields High-grade ---------------------------------------- municipal Corporate Prime Discount Prime rate New-home Period 3-month Constant maturities\2\ bonds Aaa bonds commercial rate (N.Y. charged by mortgage bills (new -------------------------- (Standard & (Moody's) paper, 6 F.R. banks\4\ yields issues)\1\ 3-year 10-year Poor's)\3\ months\1\ Bank)\4\ (FHFB)\5\ -------------------------------------------------------------------------------------------------------------------------------------------------------- 1985.............................. 7.48 9.64 10.62 9.18 11.37 8.01 7.69 9.93 11.55 1986.............................. 5.98 7.06 7.68 7.38 9.02 6.39 6.33 8.33 10.17 1987.............................. 5.82 7.68 8.39 7.73 9.38 6.85 5.66 8.21 9.31 1988.............................. 6.69 8.26 8.85 7.76 9.71 7.68 6.20 9.32 9.19 1989.............................. 8.12 8.55 8.49 7.24 9.26 8.80 6.93 10.87 10.13 1990.............................. 7.51 8.26 8.55 7.25 9.32 7.95 6.98 10.01 10.05 1991.............................. 5.42 6.82 7.86 6.89 8.77 5.85 5.45 8.46 9.32 1992.............................. 3.45 5.30 7.01 6.41 8.14 3.80 3.25 6.25 8.24 1993.............................. 3.02 4.44 5.87 5.63 7.22 3.30 3.00 6.00 7.20 1994.............................. 4.29 6.27 7.09 6.19 7.97 4.93 3.60 7.15 7.49 1994:June......................... 4.18 6.27 7.10 6.14 7.97 4.86 3.50-3.50 7.25-7.25 7.62 July........................ 4.39 6.48 7.30 6.19 8.11 5.13 3.50-3.50 7.25-7.25 7.71 Aug......................... 4.50 6.50 7.24 6.19 8.07 5.19 3.50-4.00 7.25-7.75 7.67 Sept........................ 4.64 6.69 7.46 6.33 8.34 5.32 4.00-4.00 7.75-7.75 7.70 Oct......................... 4.96 7.04 7.74 6.50 8.57 5.70 4.00-4.00 7.75-7.75 7.76 Nov......................... 5.25 7.44 7.96 6.96 8.68 6.01 4.00-4.75 7.75-8.50 7.81 Dec......................... 5.64 7.71 7.81 6.76 8.46 6.62 4.75-4.75 8.50-8.50 7.83 1995:Jan.......................... 5.81 7.66 7.78 6.53 8.46 6.63 4.75-4.75 8.50-8.50 8.18 Feb......................... 5.80 7.25 7.47 6.24 8.26 6.38 4.75-5.25 8.50-9.00 8.28 Mar......................... 5.73 6.89 7.20 6.10 8.12 6.30 5.25-5.25 9.00-9.00 8.21 Apr......................... 5.67 6.68 7.06 6.01 8.03 6.19 5.25-5.25 9.00-9.00 8.15 May......................... 5.70 6.27 6.63 5.90 7.65 6.07 5.25-5.25 9.00-9.00 7.99 June........................ 5.50 5.80 6.17 5.83 7.30 5.79 5.25-5.25 9.00-9.00 .......... Week ended: 1995:June 10...................... 5.48 5.83 6.20 5.69 7.28 5.75 5.25-5.25 9.00-9.00 .......... 17..................... 5.57 5.83 6.21 5.84 7.37 5.82 5.25-5.25 9.00-9.00 .......... 24..................... 5.46 5.73 6.10 5.84 7.27 5.79 5.25-5.25 9.00-9.00 .......... July 1...................... 5.35 5.83 6.17 5.93 7.31 5.76 5.25-5.25 9.00-9.00 .......... 8..................... 5.53 5.74 6.12 6.05 7.29 5.71 5.25-5.25 9.00-8.75 .......... -------------------------------------------------------------------------------------------------------------------------------------------------------- \1\Bank-discount basis. \2\Yields on the more actively traded issues adjusted to constant maturities by the Treasury Department. \3\Weekly data are Wednesday figures. \4\Average effective rate for year; opening and closing rate for month and week. \5\Effective rate (in the primary market) on conventional mortgages, reflecting fees and charges as well as contract rate and assumed, on the average, repayment at end of 10 years. Sources: Department of the Treasury, Board of Governors of the Federal Reserve System, Federal Housing Finance Board, Moody's Investors Service, and Standard & Poor's Corporation.