Capitalytics

**Regression for Moody's BAA Curve**

	Dependent variable (+/- SE):

	Moody's BAA Curve

Constant	5.763 (+/- 0.287)
	p = 0.000^***
SP500 Stock Price Index	-0.001 (+/- 0.0001)
	p = 0.000^***
US Fed Reserve O-N Loan Rate	-0.578 (+/- 0.138)
	p = 0.0002^***
US Avg Retail Gasoline Price ($-gal; all grades, all formulations)	0.319 (+/- 0.082)
	p = 0.0005^***
LN_6-month Treasury Yield	0.197 (+/- 0.054)
	p = 0.001^***
1-year Treasury Yield_2	0.168 (+/- 0.024)
	p = 0.00000^***

Observations	40
R²	0.889
Adjusted R²	0.872
Residual Std. Error	0.257 (df = 34)
F Statistic	54.332^*** (df = 5; 34)

Note:	^p<0.1; ^p<0.05; ^**p<0.01