End of
period

Central-government securities
(bullet issues)¹⁾

Mortgage-credit bonds
(annuity loans)¹⁾

Average
bond
yield²⁾

Minimum
coupon
rate³⁾

Maturity, years

10

5

2

30

20

10

Per cent per annum

1987

11.15

10.58

10.34

12.79

12.61

11.67

11.73

10

1988

9.03

8.98

8.53

9.92

9.82

9.32

9.78

9

1989

10.26

10.56

11.30

10.49

10.57

10.38

10.79

9

1990

10.50

10.71

10.79

11.15

11.17

10.62

11.01

9

1991

8.76

9.14

9.34

9.80

9.83

9.63

9.90

8

1992

8.91

9.67

9.87

10.17

10.34

10.55

10.25

8

1993

6.09

5.71

5.50

7.11

7.17

7.21

7.74

6

1994

9.14

8.77

8.06

9.73

9.53

9.00

9.17

6

1995

7.23

6.26

5.08

8.36

7.98

7.12

7.40

6

1996

6.52

5.34

3.98

7.87

7.09

6.31

6.55

4

1997

5.63

5.12

4.47

7.28

7.11

5.60

6.16

4

1996 Jan.

7.06

5.90

4.78

8.33

7.97

6.96

7.21

6

Feb.

7.60

6.33

5.00

8.85

8.43

7.18

7.51

6

March

7.53

6.58

4.73

8.69

8.13

7.05

7.35

6

April

7.20

6.27

4.31

8.44

7.91

6.87

7.05

6

May

7.45

6.49

4.61

8.69

8.10

6.85

7.25

6

June

7.44

6.47

4.61

8.73

8.07

6.98

7.25

6

July

7.34

6.38

5.05

8.69

8.07

6.81

7.18

6

Aug.

7.33

6.27

4.86

8.52

7.83

6.63

7.10

6

Sept.

6.94

5.81

4.44

8.17

7.43

6.39

6.81

6

Oct.

6.85

5.76

4.40

8.13

7.45

6.40

6.77

4

Nov.

6.62

5.52

4.25

7.98

7.24

6.23

6.65

4

Dec.

6.52

5.34

3.98

7.87

7.09

6.31

6.55

4

1997 Jan.

6.48

5.23

4.03

7.97

7.41

6.11

6.46

4

Feb.

6.20

5.03

3.97

7.66

7.13

5.90

6.28

4

March

6.69

5.45

4.40

7.99

7.47

6.22

6.60

4

April

6.49

5.23

4.18

7.88

7.35

6.14

6.43

4

May

6.60

5.12

4.12

7.78

7.29

6.01

6.41

4

June

6.29

4.81

3.87

7.58

7.07

5.90

6.20

4

July

5.97

4.89

4.27

7.40

7.02

5.90

6.10

4

Aug.

6.25

5.22

4.54

7.61

7.23

6.03

6.33

4

Sept.

5.99

5.18

4.59

7.42

7.11

5.96

6.25

4

Oct.

6.16

5.41

4.79

7.58

7.31

6.11

6.40

4

Nov.

5.93

5.27

4.70

7.38

7.13

5.75

6.29

4

Dec.

5.63

5.12

4.47

7.28

7.11

5.60

6.16

4

Note: The redemption yield calculated for a full year by the Copenhagen Stock Exchange.
¹⁾ If no open series with the relevant maturities exist for a given period, series (closed if necessary) with approx. corresponding residual maturities are used.
²⁾ The calculation includes all central-government bonds and a selection of mortgage-credit bonds. The average yield is weighted on the basis of the market value of the circulating amounts.
³⁾ In accordance with the Danish Capital Gains Act.
I beregningen indgår samtlige statsobligationer og et udvalg af realkreditobligationer. Gennemsnitsrenten er sammenvejet på grundlag af kursværdien af de cirkulerende beløb.