clarinews@clarinet.com (02/01/90)
_ _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_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _W_e_d_n_e_s_d_a_y_ _ _T_u_e_s_d_a_y_ _ _Y_e_a_r_ _a_g_o
Federal funds rate 8.24 8.23 9.02
91-day Treasury bills 8.01 8.00 8.37
182-day Treasury bills 8.13 8.14 8.40
1-year Treasury bills 8.09 8.08 8.35
3-year Treasury notes 8.33 8.38 9.10
7-year Treasury notes 8.33 8.46 9.02
30-year Treasury bond--(new) 8.45 8.56 8.82
10-year US West Corp --(new) 8.96 9.03 9.53
30-year Bell Telephone bond 9.49 9.59 9.77
GNMA 8.5 15-year mortgage 9.25 9.38 9.03
GNMA 8 30-year mortgage 9.30 9.33 9.81
FNMA 8.5 30-year mortgage 9.45 9.51 9.76
Freddie Mac30-year mortgage 9.43 9.49 9.72
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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.