[Economic Indicators March, 1996]
[Page Number 30]
[From the U.S. Government Publishing Office, www.gpo.gov]
INTEREST RATES AND BOND YIELDS
Interest rates rose in March.
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[Percent per annum]
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U.S. Treasury security yields High-grade
---------------------------------------- municipal Prime Discount New-home
Constant maturities\2\ bonds Corporate commercial rate (N.Y. Prime rate mortgage
Period 3-month -------------------------- (Standard Aaa bonds paper, 6 F.R. charged by yields
bills (new & (Moody's) months\1\ Bank)\4\ banks\4\ (FHFB)\5\
issues)\1\ 3-year 10-year Poor's)\3\
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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
1995............................... 5.51 6.25 6.57 5.95 7.59 5.93 5.21 8.83 7.87
1995: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 7.73
July......................... 5.47 5.89 6.28 5.98 7.41 5.68 5.25-5.25 9.00-8.75 7.78
Aug.......................... 5.41 6.10 6.49 6.07 7.57 5.75 5.25-5.25 8.75-8.75 7.75
Sept......................... 5.26 5.89 6.20 5.88 7.32 5.66 5.25-5.25 8.75-8.75 7.69
Oct.......................... 5.30 5.77 6.04 5.77 7.12 5.71 5.25-5.25 8.75-8.75 7.58
Nov.......................... 5.35 5.57 5.93 5.61 7.02 5.59 5.25-5.25 8.75-8.75 7.46
Dec.......................... 5.16 5.39 5.71 5.42 6.82 5.43 5.25-5.25 8.75-8.50 7.40
1996:Jan........................... 5.02 5.20 5.65 5.42 6.81 5.23 5.25-5.00 8.50-8.50 7.32
Feb.......................... 4.87 5.14 5.81 5.45 6.99 4.99 5.00-5.00 8.50-8.25 7.20
Mar.......................... 4.96 5.79 6.27 5.82 7.35 5.26 5.00-5.00 8.25-8.25 ..........
Week ended:
1996:Mar9.......................... 4.89 5.52 6.08 5.62 7.21 5.12 5.00-5.00 8.25-8.25 ..........
16....................... 4.95 5.90 6.37 5.86 7.42 5.31 5.00-5.00 8.25-8.25 ..........
23....................... 5.02 5.91 6.36 5.91 7.41 5.33 5.00-5.00 8.25-8.25 ..........
30....................... 4.99 5.89 6.32 5.87 7.39 5.32 5.00-5.00 8.25-8.25 ..........
Apr6......................... 5.07 ........... ........... ........... ........... ........... 5.00- 8.25- ..........
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\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.