Capitalytics

**Regression for 3-year Treasury Yield**

	Dependent variable (+/- SE):

	3-year Treasury Yield

Constant	-1.456 (+/- 0.141)
	p = 0.00005^***
SP500 Stock Price Index	0.0003 (+/- 0.00001)
	p = 0.00001^***
US Fed Reserve O-N Loan Rate	-0.494 (+/- 0.031)
	p = 0.00001^***
Moody's BAA Curve	0.267 (+/- 0.017)
	p = 0.00001^***
Nominal GDP growth	0.011 (+/- 0.001)
	p = 0.00001^***
Real disposable income growth	-0.067 (+/- 0.006)
	p = 0.00004^***
Nominal disposable income growth	0.058 (+/- 0.006)
	p = 0.0001^***
Unemployment Rate	0.161 (+/- 0.008)
	p = 0.00000^***
CPI Inflation Rate	-0.055 (+/- 0.004)
	p = 0.00002^***
BBB corporate yield	0.311 (+/- 0.015)
	p = 0.00000^***
30-year Mortgate Rate	-0.087 (+/- 0.012)
	p = 0.0004^***
Prime Rate	-0.072 (+/- 0.013)
	p = 0.002^***
Home Price Index	-0.002 (+/- 0.0003)
	p = 0.0004^***
Market Volatility Index	-0.006 (+/- 0.001)
	p = 0.00002^***
LN_Market Volatility Index	0.124 (+/- 0.013)
	p = 0.0001^***
30-year Treasury Yield	-1.239 (+/- 0.114)
	p = 0.00004^***
20-year Treasury Yield	-1.140 (+/- 0.090)
	p = 0.00002^***
LN_20-year Treasury Yield	4.327 (+/- 0.301)
	p = 0.00001^***
10-year Treasury Yield	-0.844 (+/- 0.082)
	p = 0.00005^***
LN_10-year Treasury Yield	1.829 (+/- 0.184)
	p = 0.0001^***
1-month Treasury Yield	0.344 (+/- 0.033)
	p = 0.00005^***
LN_1-month Treasury Yield	0.574 (+/- 0.027)
	p = 0.00000^***
7-year Treasury Yield	2.298 (+/- 0.063)
	p = 0.00000^***
LN_7-year Treasury Yield	-3.374 (+/- 0.143)
	p = 0.00000^***
3-month Treasury Yield	0.107 (+/- 0.010)
	p = 0.00004^***
5-year Treasury Yield	0.470 (+/- 0.055)
	p = 0.0002^***
LN_5-year Treasury Yield	-1.109 (+/- 0.128)
	p = 0.0002^***
6-month Treasury Yield	-0.171 (+/- 0.039)
	p = 0.005^***
LN_6-month Treasury Yield	-1.137 (+/- 0.072)
	p = 0.00001^***
LN_1-year Treasury Yield	1.459 (+/- 0.081)
	p = 0.00001^***
1-year Treasury Yield_2	-0.064 (+/- 0.005)
	p = 0.00003^***
6-month Treasury Yield_2	0.086 (+/- 0.007)
	p = 0.00002^***
3-month Treasury Yield_2	-0.015 (+/- 0.001)
	p = 0.00003^***
30-year Treasury Yield_2	0.056 (+/- 0.011)
	p = 0.003^***

Observations	40
R²	1.000
Adjusted R²	1.000
Residual Std. Error	0.003 (df = 6)
F Statistic	268,026.900^*** (df = 33; 6)

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