Printer Friendly

OREGON PIPER JAFFRAY INCOME INDEX

 Week Ending Previous
 01/07/94 Week Change(+)
 SHORT TERM
 Prime Rate 6.00% 6.00% ---
 Money Market Mutual Funds 2.78% 2.76% +.02%
 Bank Money Market Savings 2.27% 2.28% -.01%
 Bank Interest Bearing Check. Acct. 1.42% 1.42% ---
 3 Month Treasury Bills 3.10% 3.00% +.10%
 3 Month Bank Cert. Of Dep. 3.10% 3.10% ---
 6 Month Treasury Bills 3.30% 3.25% +.05%
 1 Year Treasury Bills 3.55% 3.50% +.05%


INTERMEDIATE TERM
 2 Year Cert. Of Dep. 4.10% 4.05% +.05%
 5 Year Cert. Of Dep. 5.15% 4.55% +.60%
 5 Year Treasury Notes 5.15% 5.15% ---
 10 Year Treasury Notes 5.80% 5.75% +.05%
 5 Year Zero Coupon Bonds 5.35% 5.18% +.17%
 10 Year Zero Coupon Bonds 6.20% 6.00% +.20%
 5 Year Finance Co. Notes 5.80% 5.70% +.10%
 10 Year Finance Co. Notes 6.25% 6.35% -.10%
 U.S. Backed GNMA Bonds 6.20% 6.13% +.07%


LONG TERM
 20 Year Zero Coupon Bonds 6.95% 6.89% +.06%
 30 Year Treasury Bonds 6.34% 6.30% +.04%
 30 Year A-rated Indust. Bonds 7.20% 7.15% +.05%
 30 Year A-rated Utility Bonds 7.15% 7.00% +.15%


TAX EXEMPT MUNICIPAL BONDS - OREGON
 5 Year A1-rated Gen'l. Oblig. 3.75% 3.80% -.05%
 5 Year A1-rated Housing Rev. 3.90% 3.90% ---
 10 Year A1-rated Gen'l. Oblig. 4.40% 4.40% ---
 10 Year A1-rated Housing Rev. 4.60% 4.60% ---
 20 Year A1-rated Gen'l. Oblig. 5.20% 5.20% ---
 20 Year A1-rated Housing Rev. 5.40% 5.40% ---
 The above rates, gathered and supplied by Piper Jaffray Inc., are representative rates available from banks, savings institutions and broker/dealer firms in the area. Rates may vary according to locality, size of purchase and rating. They do not include issues that are subject to alternative minimum tax and do not reflect transaction charges, if any. The figures for investments with maturities shorter than a year reflect annualized rates of return.
 Fixed Income Marketing
 Rich Johnson 612/342-6662
 PIPER JAFFRAY INCOME INDEX
 MARKET COMMENTARY
 WEEK ENDING 01/07/94
 The bond market has rallied this week after seeing yields on 30- year Treasuries getting over 6.4% early in the week. An increasing number of analysts are now feeling that first and second quarter growth will not be as robust as the fourth quarter of '93. The 30-year Treasury due February 2023 closed Thursday to yield 6.34%, up from 6.30% last week.
 -0- 01/07/94
 /CONTACT: Judy Milbauer Morke, 612-342-6541, or Suzanne Oney, 612-342-6543, both of Piper Jaffray/
 (PJC)


CO: Piper Jaffray Companies, Inc. ST: Oregon IN: FIN SU: ECO

CP -- MN001G -- 0139 01/07/94 11:54 EST
COPYRIGHT 1994 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 7, 1994
Words:462
Previous Article:JEFFERSON SAVINGS BANCORP ANNOUNCES STOCK REPURCHASE PROGRAM
Next Article:ACORDIA DIRECTOR STEPS DOWN
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters