Capitalytics

**Regression for 1-year Treasury Yield**

	Dependent variable (+/- SE):

	1-year Treasury Yield

Constant	1.184 (+/- 0.093)
	p = 0.00000^***
SP500 Stock Price Index	0.00005 (+/- 0.00001)
	p = 0.00001^***
US Fed Reserve O-N Loan Rate	-0.304 (+/- 0.016)
	p = 0.000^***
Moody's AAA Curve	-0.184 (+/- 0.042)
	p = 0.002^***
Moody's BAA Curve	0.282 (+/- 0.023)
	p = 0.00000^***
Nominal GDP growth	-0.013 (+/- 0.001)
	p = 0.000^***
Real disposable income growth	-0.049 (+/- 0.002)
	p = 0.000^***
Nominal disposable income growth	0.049 (+/- 0.002)
	p = 0.000^***
Unemployment Rate	-0.111 (+/- 0.007)
	p = 0.000^***
BBB corporate yield	-0.202 (+/- 0.014)
	p = 0.00000^***
Prime Rate	0.113 (+/- 0.007)
	p = 0.000^***
Dow Total Stock Market Index	-0.00001 (+/- 0.00000)
	p = 0.000^***
Market Volatility Index	-0.004 (+/- 0.0004)
	p = 0.00000^***
US Avg Retail Gasoline Price ($-gal; all grades, all formulations)	0.076 (+/- 0.005)
	p = 0.00000^***
LN_20-year Treasury Yield	-1.724 (+/- 0.118)
	p = 0.00000^***
LN_10-year Treasury Yield	0.280 (+/- 0.018)
	p = 0.000^***
LN_1-month Treasury Yield	-0.188 (+/- 0.015)
	p = 0.00000^***
7-year Treasury Yield	-1.562 (+/- 0.105)
	p = 0.000^***
LN_7-year Treasury Yield	4.740 (+/- 0.234)
	p = 0.000^***
6-month Treasury Yield	1.027 (+/- 0.040)
	p = 0.000^***
LN_6-month Treasury Yield	0.348 (+/- 0.017)
	p = 0.000^***
3-year Treasury Yield	0.565 (+/- 0.073)
	p = 0.00001^***
LN_3-year Treasury Yield	-1.865 (+/- 0.097)
	p = 0.000^***
3-year Treasury Yield_2	0.049 (+/- 0.005)
	p = 0.00000^***
6-month Treasury Yield_2	-0.016 (+/- 0.003)
	p = 0.0004^***
3-month Treasury Yield_2	-0.007 (+/- 0.001)
	p = 0.00001^***
10-year Treasury Yield_2	0.021 (+/- 0.001)
	p = 0.00000^***
20-year Treasury Yield_2	0.062 (+/- 0.004)
	p = 0.000^***
Market Volatility Index_2	0.0001 (+/- 0.00001)
	p = 0.000^***

Observations	40
R²	1.000
Adjusted R²	1.000
Residual Std. Error	0.004 (df = 11)
F Statistic	252,348.200^*** (df = 28; 11)

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