SHORT-TERM INTEREST RATES
Weekly Average
Percent 7.0 6.5 6.0 5.5 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 1999 2000 2001 2002 Source: FRBNY; U.S. Treasury 2003 2004 2005 2006 2007 2008 2009 3 4 3-month T-bill Discount rate 6 Federal funds 7 Federal Funds as of Oct 27: 3-Month T-Bill as of Oct 28: Discount Rate as of Oct 27: 0.92 0.77 1.75 8 Percent 9
LONG-TERM INTEREST RATES
Weekly Average
Seasoned corporate bonds (Moody’s AAA) Corporate AAA as of Oct 24: 6.24 U.S. 10 Year as of Oct 28: 3.89
5
U.S. Government 10-year yield 2006 2007 2008 2009
1999 2000 2001 2002 2003 2004 2005 Source: Federal Reserve Board; Moody’s; U.S. Treasury
TREASURY YIELD CURVE
Percent 6.5
5.5
4.5
3.5
2.5
Oct 28, ‘08
1.5
Oct 30, ‘07
0.5 1Y2Y 5Y 10Y 20Y 3M 6M Source: U.S. Treasury Note: This chart begins reporting the 30 Year Treasury yield on February 9, 2006. (The first day of its reintroduction.) 30Y
29-Oct-08