The rate reference guide to the U.S. treasury market, 1984-1995

the long version

The Rate Reference Guide to the U.S. Treasury Market has been developed by Barclays de Zoete Wedd, the international investment banking arm of Barclays Bank PLC, to provide investors, salespeople, traders, analysts, professors, and students of international finance with a comprehensive guide to the rate structure and history of the U.S. Treasury securities market over the past 12 years. This definitive work is a historical guide to recent events in the U.S. Treasury market that have determined the structure of benchmark interest rates. The book opens with an overview that examines the domestic and international economic, political, and market events that have shaped the Treasury market and the structure of interest rates from 1984-1995. Movements in the currency and commodity markets, oil price developments, and monetary policy are then reviewed and summarized. The remaining portion of the guide is divided by year. Data are presented by month and day for the following: 3-month bill, 30-year bond, yield spread, and bond equivalent yields. Graphs and tables are highlighted to show the specific market factors, be they economic or political in nature, that acted to influence the movement of the Treasury securities within each month.