Printer Friendly

Interest rates and bond yields.

INTEREST RATES AND BOND YIELDS

Interest rates were mixed in February.

[GRAPHIC OMITTED]

[Percent per annum]

                   U.S. Treasury security yields

                  3-month     Constant maturities (2)
               bills (new
Period         issues) (1)   3-year   10-year   30-year

1997                  5.07     6.10      6.35      6.61
1998                  4.81     5.14      5.26      5.58
1999                  4.66     5.49      5.65      5.87
2000                  5.85     6.22      6.03      5.94
2001                  3.45     4.09      5.02      5.49
2002                  1.62     3.10      4.61      *
2003                  1.02     2.10      4.01      *
2004                  1.38     2.78      4.27      *
2005                  3.16     3.93      4.29      *
2006                  4.73     4.77      4.80      4.91
2006: Feb             4.41     4.64      4.57      4.54
      Mar             4.51     4.74      4.72      4.73
      Apr             4.59     4.89      4.99      5.06
      May             4.72     4.97      5.11      5.20
      June            4.79     5.09      5.11      5.15
      July            4.96     5.07      5.09      5.13
      Aug             4.98     4.85      4.88      5.00
      Sept            4.82     4.69      4.72      4.85
      Oct             4.89     4.72      4.73      4.85
      Nov             4.95     4.64      4.60      4.69
      Dec             4.85     4.58      4.56      4.68
2007: Jan             4.96     4.79      4.76      4.85
      Feb             5.02     4.75      4.72      4.82
Week ended:
2007: Feb 10          5.01     4.80      4.77      4.86
          17          5.03     4.78      4.75      4.84
          24          5.04     4.73      4.70      4.80
      Mar  3          5.04     4.55      4.55      4.67
          10          4.97     4.51      4.53      4.66

                                               Discount window
                    High grade               (N.Y. F.R. Bank) (4,5)
               municipal bonds   Corporate
               (Standard &   Aaa bonds   Primary   Discount
Period            Poor's) (3)    (Moody's)   credit       rate

1997                      5.55        7.26      ...        5.00
1998                      5.12        6.53      ...        4.92
1999                      5.43        7.04      ...        4.62
2000                      5.77        7.62      ...        5.73
2001                      5.19        7.08      ...        3.40
2002                      5.05        6.49      ...        1.17
2003                      4.73        5.67      2.12      *
2004                      4.63        5.63      2.34      *
2005                      4.29        5.24      4.19      *
2006                      4.42        5.59      5.96      *
2006: Feb                 4.41        5.35      5.50      *
      Mar                 4.44        5.53      5.75      *
      Apr                 4.60        5.84      5.75      *
      May                 4.61        5.95      6.00      *
      June                4.64        5.89      6.25      *
      July                4.64        5.85      6.25      *
      Aug                 4.43        5.68      6.25      *
      Sept                4.30        5.51      6.25      *
      Oct                 4.32        5.51      6.25      *
      Nov                 4.17        5.33      6.25      *
      Dec                 4.17        5.32      6.25      *
2007: Jan                 4.29        5.40      6.25      *
      Feb                 4.21        5.39      6.25      *
Week ended:
2007: Feb 10              4.26        5.42      6.25      *
          17              4.24        5.41      6.25      *
          24              4.22        5.37      6.25      *
      Mar  3              4.13        5.25      6.25      *
          10              4.12        5.25      6.25      *

               Prime rate   Federal           New-home
               charged by     funds    mortgage yields
Period         banks (5)    rate (6)        (FHFB) (7)

1997                 8.44       5.46              7.71
1998                 8.35       5.35              7.07
1999                 8.00       4.97              7.04
2000                 9.23       6.24              7.52
2001                 6.91       3.88              7.00
2002                 4.67       1.67              6.43
2003                 4.12       1.13              5.80
2004                 4.34       1.35              5.77
2005                 6.19       3.22              5.94
2006                 7.96       4.97              6.63
2006: Feb            7.50       4.49              6.40
      Mar            7.75       4.59              6.53
      Apr            7.75       4.79              6.64
      May            8.00       4.94              6.69
      June           8.25       4.99              6.79
      July           8.25       5.24              6.81
      Aug            8.25       5.25              6.87
      Sept           8.25       5.25              6.72
      Oct            8.25       5.25              6.69
      Nov            8.25       5.25              6.55
      Dec            8.25       5.24              6.37
2007: Jan            8.25       5.25              6.35
      Feb            8.25       5.26              ...
Week ended:
2007: Feb 10         8.25       5.25              ...
          17         8.25       5.26              ...
          24         8.25       5.25              ...
      Mar  3         8.25       5.28              ...
          10         8.25       5.25              ...

(1) Bank-discount basis.

(2) Yields  on actively traded issues adjusted to constant maturities.

(3) Weekly data are Wednesday figures.

(4) Discount window borrowing for primary credit and discount rate
(adjustment credit). The rate for primary credit replaced the rate for
adjustment credit.

(5) Average effective rate for year; rate in effect at end of month or
week.

(6) Daily effective rate; weighted average of rates on brokered trades.

(7) 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.

* Discount rate (adjustment credit) series was discontinued after
January 8, 2003. Series for 30-year constant maturity was discontinued
on February 18, 2002, and reintroduced on February 9, 2006.

Source: Department of the Treasury, Board of Governors of the Federal
Reserve System, Federal Housing Finance Board, Moody's Investors
Service, and Standard & Poor's.
COPYRIGHT 2007 Superintendent of Documents
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:MONEY, CREDIT, AND SECURITY MARKETS
Publication:Economic Indicators
Date:Feb 1, 2007
Words:870
Previous Article:Consumer credit.
Next Article:Common stock prices and yields.
Topics:


Related Articles
Interest rates and bond yields.
Interest rates and bond yields.
Interest rates and bond yields.
Interest rates and bond yields.
Interest rates and bond yields.
Interest rates and bond yields.
Interest rates and bond yields.
Interest rates and bond yields.
Interest rates and bond yields.
Interest rates and bond yields.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters