clarinews@clarinet.com (02/03/90)
_ _U_P_I_ _C_R_E_D_I_T_ _M_A_R_K_E_T_ _Y_I_E_L_D_S
_S_o_u_r_c_e_:_ _S_a_l_o_m_o_n_ _B_r_o_t_h_e_r_s_ _I_n_c_.
_S_e_c_u_r_i_t_y_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _F_r_i_d_a_y_ _T_h_u_r_s_d_a_y_ _ _Y_e_a_r_ _a_g_o
Federal funds rate 8.24 8.25 9.09
91-day Treasury bills 8.07 8.02 8.48
182-day Treasury bills 8.16 8.12 8.52
1-year Treasury bills 8.15 8.09 8.47
3-year Treasury notes 8.42 8.35 9.19
7-year Treasury notes 8.46 8.38 9.04
30-year Treasury bond--(new) 8.51 8.53 8.84
10-year US West Corp --(new) 8.96 8.96 9.53
30-year Bell Telephone bond 9.54 9.49 9.77
GNMA 8.5 15-year mortgage 9.25 9.20 9.83
GNMA 8 30-year mortgage 9.33 9.30 9.81
FNMA 8.5 30-year mortgage 9.46 9.43 9.77
Freddie Mac30-year mortgage 9.44 9.41 9.74
------
Quotations are representative of all sectors and maturities of the
credit markets: Treasuries; top-rated corporates as represented by
telephone issues; quality municipal AA- and A-rated bonds and the
increasingly important government-backed mortgage bonds.
Municipal General Obligation year-ago yields are weekly averages.
Government mortgage yields are corporate bond equivalents.