Capitalytics

**Regression for 7-year Treasury Yield**

	Dependent variable (+/- SE):

	7-year Treasury Yield

Constant	0.570 (+/- 0.090)
	p = 0.00001^***
SP500 Stock Price Index	-0.0001 (+/- 0.00001)
	p = 0.00001^***
US Fed Reserve O-N Loan Rate	0.416 (+/- 0.075)
	p = 0.00003^***
Moody's BAA Curve	-0.172 (+/- 0.021)
	p = 0.00000^***
Real disposable income growth	0.039 (+/- 0.010)
	p = 0.002^***
Nominal disposable income growth	-0.035 (+/- 0.010)
	p = 0.003^***
Unemployment Rate	-0.034 (+/- 0.006)
	p = 0.00002^***
CPI Inflation Rate	0.020 (+/- 0.007)
	p = 0.010^***
BBB corporate yield	-0.179 (+/- 0.024)
	p = 0.00000^***
30-year Mortgate Rate	0.100 (+/- 0.021)
	p = 0.0002^***
US Avg Retail Gasoline Price ($-gal; all grades, all formulations)	-0.055 (+/- 0.015)
	p = 0.002^***
30-year Treasury Yield	-0.711 (+/- 0.214)
	p = 0.004^***
LN_30-year Treasury Yield	3.488 (+/- 0.653)
	p = 0.00004^***
20-year Treasury Yield	1.224 (+/- 0.212)
	p = 0.00002^***
LN_20-year Treasury Yield	-3.109 (+/- 0.517)
	p = 0.00001^***
1-month Treasury Yield	-0.318 (+/- 0.069)
	p = 0.0002^***
LN_1-month Treasury Yield	-0.153 (+/- 0.016)
	p = 0.000^***
3-year Treasury Yield	0.672 (+/- 0.030)
	p = 0.000^***
LN_3-year Treasury Yield	0.293 (+/- 0.034)
	p = 0.00000^***
LN_1-year Treasury Yield	-0.114 (+/- 0.020)
	p = 0.00002^***
6-month Treasury Yield_2	-0.015 (+/- 0.003)
	p = 0.00003^***

Observations	40
R²	1.000
Adjusted R²	1.000
Residual Std. Error	0.015 (df = 19)
F Statistic	13,294.540^*** (df = 20; 19)

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