# Rate

Rate of interest in money and capital markets

The Bond Buyer

Long-term or capital market

Government securities

State and local

General obligation

20-bond index

Not seasonally adjusted

Monthly

The 20-Bond Index uses 20 general obligation bonds with 20 year maturities. The Moody's arithmetic average rating of the 20 bonds is Al.



# Released on 06/06/2005

slbond

01/1953 2.44



# 02/1953 2.59

03/1953 2.65

04/1953 2.67

05/1953 2.82

06/1953 3.03

07/1953 2.95

08/1953 2.90

09/1953 2.87

10/1953 2.71

11/1953 2.60

12/1953 2.59

01/1954 2.50

02/1954 2.42



# 03/1954 2.39

04/1954 2.47

05/1954 2.49

06/1954 2.47

07/1954 2.32

08/1954 2.26

09/1954 2.31

10/1954 2.34

11/1954 2.32

12/1954 2.36

01/1955 2.40

02/1955 2.43

03/1955 2.44

04/1955 2.41

05/1955 2.38

06/1955 2.41

07/1955 2.54

08/1955 2.60

09/1955 2.58

10/1955 2.51

11/1955 2.45

12/1955 2.57

01/1956 2.50

02/1956 2.44



# 03/1956 2.57

04/1956 2.70

05/1956 2.68

06/1956 2.54

07/1956 2.65

08/1956 2.80

09/1956 2.93

10/1956 2.95

11/1956 3.16

12/1956 3.22

01/1957 3.18

02/1957 3.00

03/1957 3.09

04/1957 3.13

05/1957 3.27



# 06/1957 3.41

07/1957 3.39

08/1957 3.54



# 09/1957 3.53

10/1957 3.42



# 11/1957 3.37

12/1957 3.04

01/1958 2.91

02/1958 3.02

03/1958 3.06

04/1958 2.96

05/1958 2.92

06/1958 2.97

07/1958 3.09

08/1958 3.35

09/1958 3.54

10/1958 3.45

11/1958 3.32

12/1958 3.33

01/1959 3.42

02/1959 3.36



# 03/1959 3.30

04/1959 3.39

05/1959 3.57

06/1959 3.71

07/1959 3.71



# 08/1959 3.58



# 1 of 7 6/8/2005 5:33 PM 10f7 Rate

Rate of interest in money and capital markets

The Bond Buyer

Long-term or capital market

Government securities

State and local

General obligation

20-bond index

Not seasonally adjusted



# Monthly

The 20-Bond Index uses 20 general obligation bonds with 20 year maturities. The Moody's arithmetic average rating of the 20 bonds is AI.



# Released on 06/06/2005

slbond



# 01/1953 2.44

02/1953 2.59

03/1953 2.65

04/1953 2.67

05/1953 2.82

06/1953 3.03

07/1953 2.95

08/1953 2.90

09/1953 2.87

10/1953 2.71

11/1953 2.60

12/1953 2.59

01/1954 2.50

02/1954 2.42

03/1954 2.39

04/1954 2.47

05/1954 2.49

06/1954 2.47

07/1954 2.32

08/1954 2.26

09/1954 2.31

10/1954 2.34

11/1954 2.32

12/1954 2.36

01/1955 2.40

02/1955 2.43

03/1955 2.44

04/1955 2.41

05/1955 2.38

06/1955 2.41

07/1955 2.54

08/1955 2.60

09/1955 2.58

10/1955 2.51

11/1955 2.45

12/1955 2.57

01/1956 2.50

02/1956 2.44

03/1956 2.57

04/1956 2.70

05/1956 2.68

06/1956 2.54

07/1956 2.65

08/1956 2.80

09/1956 2.93

10/1956 2.95

11/1956 3.16

12/1956 3.22

01/1957 3.18

02/1957 3.00

03/1957 3.09

04/1957 3.13

05/1957 3.27

06/1957 3.41

07/1957 3.39

08/1957 3.54

09/1957 3.53

10/1957 3.42

11/1957 3.37

12/19,57 3.04

01/1958 2.91

02/1958 3.02

03/1958 3.06

04/1958 2.96

05/1958 2.92

06/1958 2.97

07/1958 3.09

08/1958 3.35

09/1958 3.54

10/1958 3.45

11/1958 3.32

12/1958 3.33

01/1959 3.42

02/1959 3.36

03/1959 3.30

04/1959 3.39

05/1959 3.57

06/1959 3.71

07/1959 3.71

08/1959 3.58



# 6/8/2005 5:33 PM

# N N N O N O N O M N m 0 0 M N N N m N N N 0 N N N M N N P r O N N 0 N N M O O O N N 0 N N O O M NOM 0 0 r N r N N N N O N N C N U) N N N 0 M^ U) N N O 0 0) N O N N N M N N

N^ r^ N m^ N^ C M ^ N N N N^ M N N O N N N N N N N N N N N M N N N N N N N^ N N N N N N N N M^^ N ^ r N^ r^ ^^^ O^ N N m^ N m

m m M M M M M M M m m m M M M M M M M M m m m M M M M M M M M M M M m M m M M M M M M M M M M M M M M M M M M m m M m m M M M M m M M M M M M M M M M M M M M M M M M P 0 M M M M M M M M M P m P 0 0 0 0 0)

0 0 0 0 0 0 N N N N N N N N N N N N N m m M M m P N N N N N N N N N N N N ---- r r r r r r r r r r r r 0-



# rn m m m rn rn rn rn m rn rn rn rn rn m m rn rn m rn rn rn rn m rn rn rn rn m rn m m m m m m rn rn rn m m m rn rn rn m m rn m rn rn m rn rn rn rn ------

- rn m rn rn rn rn rn m m rn rn N N N

O N N N N M P N r W O N N N N M N 0 W O N N N N M P N N N N M C N r W O N N N N m P N O m N N N N m N r O O N N N N M N r O m O N N N N M N. r O m O N N N N

O N N N O O O O O O O O O N N N O O O O O O O O O N N N O O O O O O O O O N N N O O O O O O O O O N N N O O O O O O O O O^ N N O O O O O O O O O N N N O O O O O O O O O N N N O O O O .... N ...09/19593.7810/19593.6211/19593.5512/19593.7001119603.7202/19603.6003/19603.5704/19603.5605/19603.6006/19603.5507/19603.5008/19603.3309/19603.4210/19603.5311/19603.4012/19603.4001119613.3902/19613.3103/19613.4504/19613.4805/19613.4306/19613.5207/19613.5108/19613.5209/19613.5310/19613.4211/19613.4112/19613.4701/19623.3402/19623.2103/19623.1404/19623.0605/19623.1106/19623.2507/19623.2708/19623.2309/19623.1110/19623.0211/19623.0412/19623.0701/19633.1002/19633.1503/19633.0504/19633.1005/19633.1106/19633.2107/19633.2208/19633.1309/19633.2010/19633.2011/19633.3012/19633.2701119643.2202/19643.1403/19643.2804/19643.2805/19643.2006/19643.2007/19643.1808/19643.1909/19643.2310/19643.2511119643.1812/19643.1301/19653.0602/19653.0903/19653.1704/19653.1505/19653.1706/19653.2407/19653.2708/19653.2409/19653.3510/19653.4011/19653.4512/19653.5401/19663.5202/19663.6403/19663.7204/19663.5605/19663.6506/19663.7707/19663.9508/19664.1209/19664.1210/19663.9311/19663.8612/19663.8601119673.5402/19673.5203/19673.5504/19673.6005/19673.8906/19673.9607/19674.0208/19673.9909/19674.1210/19674.2911/19674.3412/19674.4301/19684.2902/19684.312of76/8/20055:33PM

# M N N O N N M N N O O m O N N N N O M N r~ r~ M r O N N r O ti N N ti M O M ti O N N M N N N 0 N O N N O O M N M N r ti N N M N r - rn M N r m O C) 0 N N

M N M N ti M r O NOM W N O O N M M M N ti O W M O N N N M M M M M ti ti N N O N N N r N O M r O ti C M C M 0 O r

P P M N N O N r N N N N ^^ N N N N N N N N N N N N N N N N r--^^^^. r r r r r r ... m m

CC CC CC m O O O O ti ti N N N N N N N N N N N N M M M M M M LU N N CC N N CC CC CC N CC N N CC CC CC CC 0 CC CC O

\ \

\\\ N r

O O O O O \ \

W

O O \ \

O ti

N N \ \ \ \ \ \ \ \ \ \ \ \ \

N ti N M .. m r m M ON

ti 0 .........

. . \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \

N M. N .. W. O N N N M

. ........ H ti 0 0 0 0 \ \ \ \ \

N- r W m

0 0 0 0 0 \ \

O ti

N N \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \

N N N M P r O N N N N M N r W O H N

ti 0 0 0 0 0 0 0 0 0 ti H H O 0 0 0 0 0 0 0 0 N N ti \ \ \ \ \

ti N M P

0 0 0 0 0 \ \ \ \

r

0 0 0 0 \ \

0 ti

ti ti \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \

N ti N M a W O ti N ti N M N 0

ti 0 0 0 0 0 0 0 0 0 .N N 0 0 0 0 0 0 0 003/19684.5404119684.3405119684.5406119684.4907119684.3308/19684.2109/19684.3810/19684.4911119684.6012119684.8201/19694.8502119694.9803119695.2604119695.1905/19695.3306/19695.7507/19695.7508/19696.0009/19696.2610/19696.0911119696.3012119696.8201/19706.6302/19706.2203/19706.0504/19706.6505/19707.0006/19706.9307/19706.4208/19706.1709/19706.3110/19706.3711119705.7112/19705.4701/19715.3502119715.2303/19715.1704/19715.3705/19715.9006/19715.9507/19716.0608/19715.8209/19715.3710/19715.0611/19715.2012/19715.2101/19725.1202/19725.2803/19725.3104/19725.4305/19725.3006119725.3307119725.4108/19725.3009119725.3610119725.1811/19725.0212119725.0501/19735.0502/19735.1303/19735.2904/19735.1505/19735.1506/19735.1707/19735.4008/19735.4809/19735.1010/19735.0511/19735.1812/19735.1201/19745.2202/19745.2003/19745.4004119745.7305/19746.0206/19746.1307/19746.6808119746.7109119746.7610/19746.5711/19746.6112/19747.0501/19756.8202/19756.3903/19756.7304/19756.9505/19756.9706/19756.9407/19757.0708/19757.1709119757.4410/19757.3911/19757.4312/19757.3101/19767.0702/19766.9403/19766.9104/19766.6005/19766.8706/19766.8707/19766.7908/19766.6130f76/8/20055:33PM

# 0 0 0 0 0 0 0 O o 0 0 0 0 0 0 0 0 0 0 r^ 0 o

N^NNO^mJO1^ OW N^N^ ---- -W N--- OIU ^P W NN NNO^ W J^U^ W NNNNO^mJmU^ W NNNNO^mJOIU^ W N N NN OI U.^ W N f- N1-•Oi0 m JOIU^A W N^Nr OtD

\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ ------- ----------- \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \

---- - N N N N N N N N N F-^ i-^ f-^ F-^ I-^ I-^ F^ 1-^ I^ I^ N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-^ I-^ I-^ N N N N N N N N N N N N N N N N N N N N N H N N N N N N N N N N N N N N N N

O m m ^..^ m m LD lfl W m O O m m m m m m m m- - m------ O m

m m m m m m m m m m m m m 0 0 m 0 0 0 m 0 ... J J J J J J J J J J J J J J J J J J J J J J J J J J J J J J J J J J J J m m m m m m m m m m m m m m m m m

U N^^^^^^^^^^^^ W W W W W W W W W W W W N N N N N N N N N N N N N N N N N N N N N N N N O O O O O O O O O O O O i0 i0 iD i0 ^0 i0 ^0 ^0 i0 ^p lp ip m m m m m m m m m m m m J J J J J J J J J J J J 4\ 01 01 ^

N r N N N N N N N N N N N N N N H H H H H N N N N N N F+

lO ip l0 0 O l0 0 0 0 lO l0 O^ O N N N N N N N W NNNNN N O ^O O lO lO m m J J m lO m J J J J 0^ 6l 6^ Ol Ol T dl d> al a> U U U U U U U U U U U U U

O lO lO tO tO lO lO lO lO l0 ^O lO lO lO l0 ^0 0 0 0 0 m Ol Ol al 41 41 D1 41 U U U U ^ ^ m

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

01 U N0 F' NOW NJ 01 .P l0 l0 O^ W m J 0 U J U t-' O N U U 0 01 N N J> N0 U m t0 N- m OJ NJ N 0) Ol J 01 0) O 0) N U- 00 O\ NJ NJ U O1 ~~ W N W O U N NJ NJ N N W W .P U t' NJ N N O J NJ J U 0 01 U 01 NJ 01 J J

Ut' UJUOlON J^p 61 ^^ia W ip^TmN W NF^.^OmO014\m 6l W m.^UmN Jm^lO W Nm.^JJN T^9TOd>F'.O J W W ^p W OJ OJUNOmN O W NUm W ^OlOlO W lONmN W IO^NI^ J l0 .A F^ N W NUNi0mJ^lO OIL09/19766.5110/19766.3011/19766.2912/19765.9401119775.8702119775.8803/19775.8904/19775.7205/19775.7506/19775.6207/19775.6308119775.6209119775.5110/19775.6411/19775.4912/19775.5701/19785.7102/19785.6203/19785.6104119785.7905/19786.0306119786.2207119786.2808/19786.1209/19786.0910/19786.1311/19786.1912/19786.5001/19796.4602/19796.3103/19796.3304119796.2805/19796.2506/19796.1207/19796.1308/19796.2009/19796.5210/19797.0811/19797.3012/19797.2201/19807.3502119808.1603/19809.1604119808.6305/19807.5906/19807.6307/19808.1308119808.6709/19808.9410119809.1111/19809.5612/198010.2001/19819.6602/198110.0903/198110.16041198110.6205/198110.77061198110.6707/198111.1408/198112.2609/198112.9210/198112.83111198111.8912/198112.9101/198213.2802/198212.97031198212.8204/198212.5805/198211.9506/198212.44071198212.2808/198211.23091198210.6610/19829.68111198210.0612119829.9601/19839.5002119839.5803119839.2004/19839.0405/19839.1106/19839.5207/19839.5308/19839.7209/19839.5810/19839.6611/19839.7412/19839.8901/19849.6302/19849.6403119849.9404119849.96051198410.4906/198410.6707/198410.4208/19849.9909/198410.1010/198410.2511/198410.1712/19849.9501/19859.5102119859.6540f76/8/20055:33PM

# r N N 0 ti m r m m N m 0 N N O N N N 0 O N 0 0 m m N N 0 0 0~ N N 0 0 N N^ O N 0 0 N 0 N M 0 m 0 m O N N M N O O m M T m r r N M 10 N N(N N r M M r N

r P O m O N O N P 0 N m N N ti m N O r r m N r T M N P N O O N N ti ti N N M M N ti M C O m N O m m r N r N a M N m r r N P



# rn m m m m m rn rn m m m r r r r r r r r ^^ w- r m r r r m m r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r m m m m N N N N N N N

N N N . r r r r r r r r r r r r m m 0 N N N N N N N N N N N N M

m m m m m m m m m m m m m m m m m m m m m ^^^^^^ M^^^^



# rn m m rn rn rn rn ... ......... rn rn m m m rn m rn rn m rn rn m m rn m m m m m m m m m m rn m rn m rn'rn rn rn rn rn rn rn m m m rn m rn rn m rn

ti ti ti



# - - - - - - - - - - - - - - - - - - - - - - -- - - -- - -

N N r m^ 0 P O O N N N r m ^ M^ N^ r m^ O ti N N N M ti N ti N M^ N^ r m^ O ti N ti N M N^ r m m O ti N ti N M C N^ r m^ O N N ti N M^ N^ r m N M^ N^ ^ O N N N N M N^ r m m O ti N ti N M^ N^ r m

O O O O O O O ti ti ti 0 0 0 0 0 0 0 0 0 N N N O 0 0 0 0 0 0 0 0 ti ti ti 0 0 0 0 0 0 0 0 0 ti ti ti 0 0 0 0 0 0 0 0 0 N N ti 0 0 0 0 0 0 0 0 0 N ti N O 0 0 0 0 0 0 0 0^ N ti 0 0 0 0 0 0 0 0 0 ti ti ti 0 0 0 0 0 0 0 003/19859.7704/19859.4205/19859.0106/19858.6907/19858.8108/19859.0809/19859.2710/19859.0811/19858.5412/19858.4201/19868.0802/19867.4403/19867.0804/19867.1905/19867.5406/19867.8707/19867.5108/19867.2109/19867.1110/19867.0811/19866.8412/19866.8701/19876.6602/19876.6103/19876.6504/19877.5505/19878.0006/19877.7907/19877.7208/19877.8209/19878.2610/19878.7011/19877.9512/19877.9601/19887.6902/19887.4903/19887.7404/19887.8105/19887.9106/19887.7807/19887.7608/19887.7909/19887.6610/19887.4611/19887.4612/19887.6101/19897.3502/19897.4403/19897.5904/19897.4905/19897.2506/19897.0207/19896.9608/19897.0609/19897.2610/19897.2211/19897.1412/19896.9801/19907.1002/19907.2203/19907.2904/19907.3905/19907.3506/19907.2407/19907.1908/19907.3209/19907.4310/19907.4911/19907.1812/19907.0901/19917.0802/19916.9103/19917.1004/19917.0205/19916.9506/19917.1307/19917.0508/19916.9009/19916.8010/19916.6811/19916.7312/19916.6901/19926.5402/19926.7403/19926.7604/19926.6705/19926.5706/19926.4907/19926.1308/19926.1609/19926.2510/19926.4111/19926.3612/19926.2201/19936.1602/19935.8703/19935.6404/19935.7605/19935.7306/19935.6307/19935.5708/19935.455of76/8/20055:33PM

# ^ o 0 0 0 0 0^^ r o o O o 0 0 0 0 o^^^ o 0 0 o r r o 0 0 ^^ o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

-- - - --------

- 0 0 0 0 o 0 0 o 0 0

N N N O O J U- W N N N N T U- W N N N N - U- W N N N N O- W J- U W N N N N O W J U- W N N N - J- U- W N N N N O- W J T U- W N N N N O O J T W N N N

N N N N N N N N N N N N N N N N N N N N N N N N N N

.... O O O O O O O O O O O O O O OO O O O O w .. w w w w w .. r. ^ ^

N N N N N r N N N N N N N 0 0 0 0 0 0 0 0 0 0 0 0^^^^^^^^^^ ^^ W O O O W O O W O O W W J J J J J J J J J J J J T T T T^ m^^^^^^ U U U U U U U U U U U U^^^^^^^^^^^^ W W W W

U U U U U U U U U U U U U^ U U^^ U U U U U U U U U U U U^ U^^ U U U U U U U U U U U U U U U U U U U U U U U U U^ U U U U U U^ U U U^ ^^^^^^ U U U

UUU U N U N U U U U ^^ T^ T U UUU U

N N O O O N N N N N N N U U U O J W O O O M w U W W N N N N N N O N W W W W U J W J J U J O J O O O O O N N U U N N N N N N O -J N N

^ U^ U^ W O O^ J W^ O N^^^ N W O O U W O m U^ N^^^ J^ 0 0 W^ W W W^ O^ N O W N O^^ W W O N U W O O^ W N^^ N J^ N N W^^ W W U^ O N^ N^ U N O N W O J N O r W^^ W N O^ U J U U09/19935.2910/19935.2511/19935.4712/19935.3501/19945.3102/19945.4003/19945.9104/19946.2305/19946.1906/19946.1107/19946.2308/19946.2109/19946.2810/19946.5211/19946.9712/19946.8001/19956.5302/19956.2203/19956.1004/19956.0205/19955.9506/19955.8407/19955.9208/19956.0609/19955.9110/19955.8011/19955.6412/19955.4501/19965.4302/19965.4303/19965.7904/19965.9405/19965.9806/19966.0207/19965.9208/19965.7609/19965.8710/19965.7211/19965.5912/19965.6401/19975.7202/19975.6303/19975.7604/19975.8805/19975.7006/19975.5307/19975.3508/19975.4109/19975.3910/19975.3811/19975.3312/19975.1901/19985.0602/19985.1003/19985.2104/19985.2305/19985.2006/19985.1207/19985.1408/19985.1009/19984.9910/19984.9311/19985.0312/19984.9801/19995.0102/19995.0303/19995.1004/19995.0805/19995.1806/19995.3707/19995.3608/19995.5809/19995.6910/19995.9211/19995.8612/19995.9501/20006.0802/20006.0003/20005.8304/20005.75OS/20.006.0006/20005.8007/20005.6308/20005.5109/20005.5610/20005.5911/20005.5412/20005.2201/20015.1002/20015.1803/20015.1304/20015.27OS/20015.2906/20015.2007/20015.2008/20015.0309/20015.0910/20015.0511/20015.0412/20015.2501/20025.1660f76/8/20055:33PM

# 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

- W N N N N O- O U W N N N N O O N W N N N r O- W W N

\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \

N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

W W W W^^^^^^^^^^^^ W W W W W W W W W W W W N N N N N N N N N N N

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