clarinews@clarinet.com (01/19/90)
_ _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_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _T_h_u_r_s_d_a_y_ _W_e_d_n_e_s_d_a_y_ _Y_e_a_r_ _a_g_o
Federal funds rate 8.25 8.26 9.07
91-day Treasury bills 8.05 7.95 8.25
182-day Treasury bills 8.08 7.97 8.28
1-year Treasury bills 8.04 7.90 8.26
3-year Treasury notes 8.26 8.11 9.13
7-year Treasury notes 8.30 8.17 9.07
30-year Treasury bond--(new) 8.34 8.25 8.88
10-year US West Corp --(new) 8.95 8.82 9.24
30-year Bell Telephone bond 9.34 9.31 9.77
GNMA 8.5 15-year mortgage 9.08 8.97 9.86
GNMA 8 30-year mortgage 9.18 9.09 9.85
FNMA 8.5 30-year mortgage 9.37 9.30 9.81
Freddie Mac30-year mortgage 9.36 9.29 9.78
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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.