Anon

62 The Basics of financial economeTrics

TAbLE 3.5 (continued)

Date

10-Yr.

Treas.

Yield

Exp.

Infl.

Real

Rate Date

10-Yr.

Treas.

Yield

Exp.

Infl.

Real

Rate Date

10-Yr.

Treas.

Yield

Exp.

Infl.

Real
Rate
1975 1978 1981
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

7.5

7.39

7.73

8.23

8.06

7.86

8.06

8.4

8.43

8.15

8.05

8

5.243

5.343

5.431

5.518

5.585

5.639

5.687

5.716

5.738

5.753

5.759

5.761

2.962

2.827

2.710

2.595

2.477

2.384

2.311

2.271

2.241

2.210

2.200

2.186

Jan

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec

7.96

8.03

8.04

8.15

8.35

8.46

8.64

8.41

8.42

8.64

8.81

9.01

6.832

6.890

6.942

7.003

7.063

7.124

7.191

7.263

7.331

7.400

7.463

7.525

1.068

0.995

0.923

0.854

0.784

0.716

0.598

0.482

0.397

0.365

0.322

0.284

Jan

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec

12.57

13.19

13.12

13.68

14.1

13.47

14.28

14.94

15.32

15.15

13.39

13.72

8.520

8.594

8.649

8.700

8.751

8.802

8.877

8.956

9.039

9.110

9.175

9.232

1.132
1.242
1.336
1.477
1.619
1.755
1.897
2.037
2.155
2.256
2.305
2.392
1976 1979 1982
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

7.74

7.79

7.73

7.56

7.9

7.86

7.83

7.77

7.59

7.41

7.29

6.87

5.771

5.777

5.800

5.824

5.847

5.870

5.900

5.937

5.981

6.029

6.079

6.130

2.166

2.164

2.138

2.101

2.060

2.034

1.988

1.889

1.813

1.753

1.681

1.615

Jan

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec

9.1

9.1

9.12

9.18

9.25

8.91

8.95

9.03

9.33

10.3

10.65

10.39

7.582

7.645

7.706

7.758

7.797

7.821

7.834

7.837

7.831

7.823

7.818

7.818

0.254

0.224

0.174

0.108

0.047

−0.025

−0.075

−0.101

−0.085

0.011

0.079

0.154

Jan

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec

14.59

14.43

13.86

13.87

13.62

14.3

13.95

13.06

12.34

10.91

10.55

10.54

9.285

9.334

9.375

9.417

9.456

9.487

9.510

9.524

9.519

9.517

9.502

9.469

2.497
2.612
2.741
2.860
2.958
3.095
3.183
3.259
3.321
3.363
3.427
3.492
1977 1980 1983
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

7.21

7.39

7.46

7.37

7.46

7.28

7.33

7.4

7.34

7.52

7.58

7.69

6.176

6.224

6.272

6.323

6.377

6.441

6.499

6.552

6.605

6.654

6.710

6.768

1.573

1.527

1.474

1.427

1.397

1.340

1.293

1.252

1.217

1.193

1.154

1.119

Jan

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec

10.8

12.41

12.75

11.47

10.18

9.78

10.25

11.1

11.51

11.75

12.68

12.84

7.825

7.828

7.849

7.879

7.926

7.989

8.044

8.109

8.184

8.269

8.356

8.446

0.261

0.418

0.615

0.701

0.716

0.702

0.695

0.716

0.740

0.795

0.895

1.004

Jan

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec

10.46

10.72

10.51

10.4

10.38

10.85

11.38

11.85

11.65

11.54

11.69

11.83

9.439

9.411

9.381

9.340

9.288

9.227

9.161

9.087

9.012

8.932

8.862

8.800

3.553

3.604

3.670

3.730

3.806

3.883

3.981

4.076

4.152

4.204

4.243

4.276