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14
12
10
8
MFederal Funds
SHORT TERM INTEREST RATESMonthly Averages
Prime Rate
***\\\ /.••**&. Commercial Paper
ThroughWeek Ending
April 18, 1979
I I I JLLI I I l i mil I I I _LJSNJMMJSN'JMMJSNJMMJSNJMMJSNJM
1974 1975 1976 1977 1978 1979
%
14
12
10
8
Office of the Secretary of the TreasuryOffice of Government Financing
April 24, 1979-9
%
12
11
10
8
SHORT TERM INTEREST RATESWeekly Averages
Prime Rate
3 MonthTreasury Bill
Week EndingApril 18, 1979
I I I I ll I I I ll I I I I I I I I I I I I IOct
Office of the Secretary of the TreasuryOffice of Government Financing
Nov
1978
Dec Jan Feb Mar
1979
Apr
%
12
11
10
8
-7
April 24, 1979-7
o//o
-10
LONG MARKET RATESMonthly Averages
%
y\ New Aa Corporates /•!.«•'"
10 — s •w / —
•/vk New Conventional«••••
9
' V*W....../ *-•
Mortgages
\\ /
^/^N8
^.^S 4tk- "\/ -^^ / V
"•""^ Treasury ^\M . ^ ^20-Year \ \s "~ Through
Week Ending
\ April 20, 19797
\/ vy +• •-'v
New 20-Year "\• %••••..
6
i i i i i I I I I I I I I I I I
Municipal Bonds\
i i i i i i i i i i i ii i Ml I I I
8
-7
JSNJMMJSNJMMJSNJMMJSNJMMJ SNJM
1974 1975 1976 1977 1978 1979
Office of the Secretary of the TreasuryOffice of Government Financing April 24, 1979-8
11
10
8
INTERMEDIATE AND LONG MARKET RATESWeekly Averages
New Conventional
Mortgages ^
New AaCorporates
Treasury 10-YearTreasury 20-Year
New 20-YearMunicipal Bonds
Week EndingApril 20, 1979
^Treasury 7-Year
%
11
10
8
I l I I ll- i I iOct Nov
1978
J_
Dec Jan
Monthly, weekly data not available
I I ll I I I ll l 1Feb Mar
1979
I I I I I
Office of the Secretary of the TreasuryOfficeof Government Financing
Apr
April 24, 1979-6
%
11
MARKET YIELDS ON GOVERNMENTSBid Yields
%
10
January 26, 1979i i i
«I I I I I I
%
— 11
10), 1979
10 12 14 16 18 20 22 24 26 28 30 10
8
I I I I I I I0
Office of the Secretary of the TreasuryOffice of Government Financing
I I I I I I I I I I Mill
Years to Maturity
8
J_L I I I I I I10
April 24, 1979 3
TREASURY FINANCING REQUIREMENTSJanuary-March 1979
$BilUses
Special Issues
Nonmarketables^KM—
CouponMaturities
Office of the Secretary of the TreasuryOffice of Government Financing
y2 A Agencyt MaturitieMaturities
Cash Deficit
38% Sources
Gov't Acc't Sales
Federal ReserveCertificate
Coupon a iRefundings t|
Net MarketBorrowing
Decrease inCash Balance
April 24, 1979-14
$Bil
30
20
10
0
TREASURY FINANCING REQUIREMENTSApril — June 1979
Uses
Gov't Acc't Investment M
Federal Reservex^^^^--Certificate|#|1
Coupon ±;Maturities t
Non- A1 '\marketables
Q1/2^Agency Maturities
^Increase in Cash Balanced/
Sources
^Special Issues
Coupon.Refundings'
Net MarketBorrowing
3/4
Cash SurplusM
J7 Assumes $14 billion June 30, 1979 cash balance.Office of the Secretary of the TreasuryOfficeof Government Financing
April 24, 1979- 15
NET MARKET BORROWINGApril — June 1979
Total +.8
Done: 14 yr. - 10 mo. bond +1.5
2 yr. note +.7Weekly bills —.8
Cash management bills:April Issues 13.0
April Retirements — 14.0
June Retirements —3.0
Total —4.0
Total Done —2.6
To be Done +3.4
Office of the Secretary of the TreasuryOffice of Government Financing Anril 24 1979 19
$Bil
20
10
0
-10
and Loan \/Accounts Balance
TREASURY OPERATING CASH BALANCESemi-Monthly
Total
Operating }i
1 1 1 1 1 1 1
Without—New—»Borrowing
V
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun1978 1979
Office of the Secretary of the TreasuryOffice of Government Financing Aprif24, 1979- 13
-10
I H "I IV I II III IV I II III IV I || III IV I1975 1976 1977 1978 1979
J/ Excludes Federal Reserve and Government Account Transactions.Office of the Secretary of the TreasuryOffice of Government Financing
TREASURY NET MARKET BORROWING^Calendar Year Quarters
COUPONS
[MM Over 10 yrs.
0-10 yrs.
BILLS
3.3
9.4
16.
I-0.3
0.8
$Bil
20
0.610
6.4
n0
•10
April 18. 1979-9
TREASURY NET BORROWING FROM NONMARKETABLE ISSUES$Bil.
10
8
ISavings Bonds &Other
| State &Local Series
Foreign Nonmarketables
1.4 1.5
——
9.8
1.4 1.0
-1.8
_LI II HI IV I II III IV I II III IV I II III IV I
1975 1976 1977 1978 1979
Office of the Secretary of the TreasuryOffice of Government Financing April 18, 1979*20
CUMULATIVE NET CASH FLOW IN E AND H SAVINGS BONDS 1/
$ Mil
800
600
400
200 r-
0
-200
-400 —
-600 —
-800
-1000
-1200 —
-1400 —
Office of the Secretary of the TreasuryOffice of Government Financing
1979
M
1977
-..tfsrfiU5-"" 1976..^^"^1975
1M J J
Month of year-i/Cash sales less redemptions
N
$ Mil
800
600
400
200
0
-200
-400
-600
-800
-1000
-1200
-1400
April 18, 1979-3
$Mil
800
600
400
443?;
200
0
Office of the Secretary of the TreasuryOffice of Government Financing
SALES OF E AND H SAVINGS BONDS
H Bonds
E Bonds $ 500 and Over
E Bonds $ 200 and Under
$Mil
800
600
400
:462s i::436
M M J S N
1977
M M J SNJM
1978 1979
-200
0
April 18, 1979-24
$Mil
1200
1000
800-
600-
400-
200-
Office of the Secretary of the TreasuryOffice of Government Financing
REDEMPTIONS OF E AND H SAVINGS BONDS
I |H Bonds
]E Bonds $500 and Over
liilE Bonds $200 and Under
April 24, 1979-4
PRIVATE HOLDINGS OF TREASURY MARKETABLE DEBT$bii BY MATURITY400
350
300
250
200
150
100
50
01969
Office of the Secretary of the TreasuryOffice of Government Financing
COUPONS12/2 Over 10 yrs
1970 1971 1972 1973 1974 1975
As of December 31
380.0
1976 1977 1978 1979March
April 18, 1979 18
AVERAGE LENGTH OF THE MARKETABLE DEBTPrivately Held
L| June 19675 Years1 Month
March 1979
3 Years4 Months
1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978
Office of the Secretary of the TreasuryOffice of Government Financing April 18,1979-2
OWNERSHIP OF THE MATURING ISSUESMay 1979 — April 1980*
(In Millions of Dollars)
TotalSavings Institutions
Stats & Other
Maturing Issues Privately Commercial Long- Intermediate- Local Corpora Private ForeignHeld Banks term 1/
Investorsterm ^J
Investors
GeneralFunds
tions Holders
7 7/8%Nt. 5-15-79 1,719 899 4 121 85 52 445 1136 1/8% Nt. 5-31-79 1,848 515 1 140 256 74 216 6467 3/4% Nt. 6-30-79 1,625 725 17 215 51 33 468 1166 1/8%Nt. 6-30-79 2,012 557 10 309 155 128 56 7976 1/4% Nt. 7-31-79 3,021 872 39 330 420 278 122 9606 1/4%Nt. 8-15-79 2,739 771 29 178 109 85 773 7946 7/8%Nt. 8-15-79 2,109 960 22 231 100 180 263 3536 5/8%Nt. 8-31-79 3,025 936 11 338 209 354 164 1,0138 1/2% Nt. 9-30-79 1,851 660 46 249 58 7 740 916 5/8%Nt. 9-30-79 3,517 944 5 238 413 426 300 1,1917 1/4% Nt. 10-31-79 3,877 1,220 44 273 267 357 396 1,3206 1/4%Nt. 11-15-79 3,111 1,180 37 478 229 557 140 4906 5/8%Nt. 11-15-79 461 147 37 51 31 17 178 07%Nt. 11-15-79 1,806 673 19 219 45 280 570 07 1/8% Nt. 11-30-79 4,308 1,415 41 360 395 513 260 1,3247 1/2% Nt. 12-31-79 1,869 805 8 272 124 33 407 2207 1/8% Nt. 12-31-79 3,304 1,016 91 256 413 398 300 8307 1/2%Nt. 1-31-80 3,510 1,517 64 392 275 200 535 5276 1/2%Nt. 2-15-80 3,147 1,383 70 309 129 728 80 4487 5/8% Nt. 2-29-80 3,478 1,408 44 433 264 215 388 7267 1/2% Nt. 3-31-80 5,352 2,344 50 661 193 396 602 1,1067 3/4%Nt. 4-30-80 2,741 1,232 15 155 164 126 353 696
Total 60,430 22,179 704 6,208 4,385 5,437 7,756 13,761
* Amounts for investor classes are based on the February 1979 Treasury Ownership Survey.^/Includes State and local pension funds and life insurance companies.
.^/Includes casualty and liability insurance companies, mutual savings banks, savingsand loan associations,and corporate pension trust funds.
Office of the Secretary of the TreasuryOffice of Government Financing April 24, 1979 - 5
$Bil.6
4
2
0
6h
4
2
0
6
4
2
0
6
4
2
0
6
4
2
0
4.7
3.5|
TREASURY MARKETABLE MATURITIESPrivately Held, Excluding Bills and Exchange Notes
1979
19805.4r- ^
f^4 2 2.7tri901t
7^3 5!3" 5.23.8*4,3 ~
I
5.0
3^4^3.1 Kj 3.4 12.95.7
I 8-
6
4
2
0
4
2
0
4.5
m
m
2.8
1.2
1984
1985
1986
3.4
I.3.2
7.5
5.0 5r^
nan
4.71981 5.4
5.0
I
4.3
5.8
I
2.5B
1
2.6
2.9
6.4
I
2.5
2.4
1982
2.5
1983
1.0
1.8
2.9
2.4
4.6
2.2
3.3
2.7
n2 -
ol—
2
0
2.2
4.1
I1987
2.4 1988
1989
1.8
2.3
F M A M J A S O N D FMAM JJASOND
Office of the Secretary of the TreasuryOffice of Government Financing
(Securities issued prior to 1977 BESJNew issues calendar year 1978]New issues calendar year 1977 111 Issued or announced through April 20, 1979
April 24, 1979- 11
$Bil
2 -
o;21
0
6|4
2
0
2
0
2
0
2
0
2
0
2
0
ol
21-
o.l—
1.8
I
1.9
3.0
1.4
TREASURY MARKETABLE MATURITIESPrivately Held, Excluding Bills and Exchange Notes
1990$Bil
2
o!2|
oi2
0|2
0
2|0
2.2
I2000 y?
1991
1992
3.1
1993 23
1994
1995
1996
1997
1998
1999.8
1.4
1.1
2i|-
02
2-
01—
s2.7
2.1
B
2001
2002
2003
2004
2005
2006
2007
2008 1.4
2009
2010
2011
1.2
_a.3.6
FMAMJ JASON
^| Securities issued prior to 197788! New issues calendar year 1977
FMAMJ A S O N D
Office of the Secretary of the TreasuryOffice of Government Financing
£29 New issues calendar year 1978
j j Issued or announced through April 20, 1979April 24, 1979 - 12
$Bil
0
NET NEW MONEY IN AGENCY FINANCE, QUARTERLYPrivately Held
FCA
• h. Ill i III 1.1.
1111
* *
FHLB^ ..ill1II'r
I II III IV I II III IV I II III IV I II III IV I II III IV
1975 1976 1977 1978 1979
$BII-
? -
1 -
^ m * 1 ,lFNMA
• •_ ml11- 1"
*
GNMAMortgageSecurities
Backed
I II III IV I II III IV I II III IV I II III IV I II III IV
1975 1976 1977 1978 1979
Office of the Secretary of the TreasuryOffice of Government Financing
* Less than $50 million.
1/Includes FHLB discount notes, bonds, and FHLMC certificates,mortgage-backed bonds, and mortgage participation certificates.
April 24. 1979 2
Office of the Secretary of the TreasuryOffice of Government Financing
AGENCY MATURITIES^/Privately Held
* Less than $50 million
1987
9 1-1 B
III!1991
1988
1.31.0 a
I.I.1992
1989 1990
.2
1993 1994
1 -
.3 ±
1
0
1
I II Ml IV I II III IV I II III IV I II III IV I II III IV I
Calendar Years Quarterly
XI Issued or announced through April 23, 1979
1995 1996 19971.1
l-_.
.1
1998
.1 -2 -2 .1
" 1999
.1
2000 2001 2002
.2
2003 2004 2005
- J.
2006
.1 .1
" 2007
• 1
2008
.3 .4• •
2009
.2
2010
IV I II III IV I II III IV
April 24, 1979- 18