Chart 1
| Month and Year |
Federal Funds |
10 Year Treasury |
30 Year Mortgage |
| Jan 1976 |
4.87 |
7.74 |
9.02 |
| Feb 1976 |
4.77 |
7.79 |
8.81 |
| Mar 1976 |
4.84 |
7.73 |
8.76 |
| Apr 1976 |
4.82 |
7.56 |
8.73 |
| May 1976 |
5.29 |
7.9 |
8.77 |
| Jun 1976 |
5.48 |
7.86 |
8.85 |
| Jul 1976 |
5.31 |
7.83 |
8.93 |
| Aug 1976 |
5.29 |
7.77 |
9.00 |
| Sep 1976 |
5.25 |
7.59 |
8.98 |
| Oct 1976 |
5.02 |
7.41 |
8.93 |
| Nov 1976 |
4.95 |
7.29 |
8.81 |
| Dec 1976 |
4.65 |
6.87 |
8.79 |
| Jan 1977 |
4.61 |
7.21 |
8.72 |
| Feb 1977 |
4.68 |
7.39 |
8.67 |
| Mar 1977 |
4.69 |
7.46 |
8.69 |
| Apr 1977 |
4.73 |
7.37 |
8.75 |
| May 1977 |
5.35 |
7.46 |
8.82 |
| Jun 1977 |
5.39 |
7.28 |
8.86 |
| Jul 1977 |
5.42 |
7.33 |
8.94 |
| Aug 1977 |
5.9 |
7.4 |
8.94 |
| Sep 1977 |
6.14 |
7.34 |
8.90 |
| Oct 1977 |
6.47 |
7.52 |
8.92 |
| Nov 1977 |
6.51 |
7.58 |
8.92 |
| Dec 1977 |
6.56 |
7.69 |
8.96 |
| Jan 1978 |
6.7 |
7.96 |
9.02 |
| Feb 1978 |
6.78 |
8.03 |
9.16 |
| Mar 1978 |
6.79 |
8.04 |
9.20 |
| Apr 1978 |
6.89 |
8.15 |
9.36 |
| May 1978 |
7.36 |
8.35 |
9.58 |
| Jun 1978 |
7.6 |
8.46 |
9.71 |
| Jul 1978 |
7.81 |
8.64 |
9.74 |
| Aug 1978 |
8.04 |
8.41 |
9.79 |
| Sep 1978 |
8.45 |
8.42 |
9.76 |
| Oct 1978 |
8.96 |
8.64 |
9.86 |
| Nov 1978 |
9.76 |
8.81 |
10.11 |
| Dec 1978 |
10.03 |
9.01 |
10.35 |
| Jan 1979 |
10.07 |
9.1 |
10.39 |
| Feb 1979 |
10.06 |
9.1 |
10.41 |
| Mar 1979 |
10.09 |
9.12 |
10.43 |
| Apr 1979 |
10.01 |
9.18 |
10.50 |
| May 1979 |
10.24 |
9.25 |
10.69 |
| Jun 1979 |
10.29 |
8.91 |
11.04 |
| Jul 1979 |
10.47 |
8.95 |
11.09 |
| Aug 1979 |
10.94 |
9.03 |
11.09 |
| Sep 1979 |
11.43 |
9.33 |
11.30 |
| Oct 1979 |
13.77 |
10.3 |
11.64 |
| Nov 1979 |
13.18 |
10.65 |
12.83 |
| Dec 1979 |
13.78 |
10.39 |
12.90 |
| Jan 1980 |
13.82 |
10.8 |
12.88 |
| Feb 1980 |
14.13 |
12.41 |
13.04 |
| Mar 1980 |
17.19 |
12.75 |
15.28 |
| Apr 1980 |
17.61 |
11.47 |
16.33 |
| May 1980 |
10.98 |
10.18 |
14.26 |
| Jun 1980 |
9.47 |
9.78 |
12.71 |
| Jul 1980 |
9.03 |
10.25 |
12.19 |
| Aug 1980 |
9.61 |
11.1 |
12.56 |
| Sep 1980 |
10.87 |
11.51 |
13.20 |
| Oct 1980 |
12.81 |
11.75 |
13.79 |
| Nov 1980 |
15.85 |
12.68 |
14.21 |
| Dec 1980 |
18.9 |
12.84 |
14.79 |
| Jan 1981 |
19.08 |
12.57 |
14.90 |
| Feb 1981 |
15.93 |
13.19 |
15.13 |
| Mar 1981 |
14.7 |
13.12 |
15.40 |
| Apr 1981 |
15.72 |
13.68 |
15.58 |
| May 1981 |
18.52 |
14.1 |
16.40 |
| Jun 1981 |
19.1 |
13.47 |
16.70 |
| Jul 1981 |
19.04 |
14.28 |
16.83 |
| Aug 1981 |
17.82 |
14.94 |
17.29 |
| Sep 1981 |
15.87 |
15.32 |
18.16 |
| Oct 1981 |
15.08 |
15.15 |
18.45 |
| Nov 1981 |
13.31 |
13.39 |
17.83 |
| Dec 1981 |
12.37 |
13.72 |
16.92 |
| Jan 1982 |
13.22 |
14.59 |
17.40 |
| Feb 1982 |
14.78 |
14.43 |
17.60 |
| Mar 1982 |
14.68 |
13.86 |
17.16 |
| Apr 1982 |
14.94 |
13.87 |
16.89 |
| May 1982 |
14.45 |
13.62 |
16.68 |
| Jun 1982 |
14.15 |
14.3 |
16.70 |
| Jul 1982 |
12.59 |
13.95 |
16.82 |
| Aug 1982 |
10.12 |
13.06 |
16.27 |
| Sep 1982 |
10.31 |
12.34 |
15.43 |
| Oct 1982 |
9.71 |
10.91 |
14.61 |
| Nov 1982 |
9.2 |
10.55 |
13.83 |
| Dec 1982 |
8.95 |
10.54 |
13.62 |
| Jan 1983 |
8.68 |
10.46 |
13.25 |
| Feb 1983 |
8.51 |
10.72 |
13.04 |
| Mar 1983 |
8.77 |
10.51 |
12.80 |
| Apr 1983 |
8.8 |
10.4 |
12.78 |
| May 1983 |
8.63 |
10.38 |
12.63 |
| Jun 1983 |
8.98 |
10.85 |
12.87 |
| Jul 1983 |
9.37 |
11.38 |
13.42 |
| Aug 1983 |
9.56 |
11.85 |
13.81 |
| Sep 1983 |
9.45 |
11.65 |
13.73 |
| Oct 1983 |
9.48 |
11.54 |
13.54 |
| Nov 1983 |
9.34 |
11.69 |
13.44 |
| Dec 1983 |
9.47 |
11.83 |
13.42 |
| Jan 1984 |
9.56 |
11.67 |
13.37 |
| Feb 1984 |
9.59 |
11.84 |
13.23 |
| Mar 1984 |
9.91 |
12.32 |
13.39 |
| Apr 1984 |
10.29 |
12.63 |
13.65 |
| May 1984 |
10.32 |
13.41 |
13.94 |
| Jun 1984 |
11.06 |
13.56 |
14.42 |
| Jul 1984 |
11.23 |
13.36 |
14.67 |
| Aug 1984 |
11.64 |
12.72 |
14.47 |
| Sep 1984 |
11.3 |
12.52 |
14.35 |
| Oct 1984 |
9.99 |
12.16 |
14.13 |
| Nov 1984 |
9.43 |
11.57 |
13.64 |
| Dec 1984 |
8.38 |
11.5 |
13.18 |
| Jan 1985 |
8.35 |
11.38 |
13.08 |
| Feb 1985 |
8.5 |
11.51 |
14.92 |
| Mar 1985 |
8.58 |
11.86 |
13.17 |
| Apr 1985 |
8.27 |
11.43 |
13.20 |
| May 1985 |
7.97 |
10.85 |
12.91 |
| Jun 1985 |
7.53 |
10.16 |
12.22 |
| Jul 1985 |
7.88 |
10.31 |
12.03 |
| Aug 1985 |
7.9 |
10.33 |
12.19 |
| Sep 1985 |
7.92 |
10.37 |
12.19 |
| Oct 1985 |
7.99 |
10.24 |
12.14 |
| Nov 1985 |
8.05 |
9.78 |
11.78 |
| Dec 1985 |
8.27 |
9.26 |
11.26 |
| Jan 1986 |
8.14 |
9.19 |
10.88 |
| Feb 1986 |
7.86 |
8.7 |
10.71 |
| Mar 1986 |
7.48 |
7.78 |
10.08 |
| Apr 1986 |
6.99 |
7.3 |
9.94 |
| May 1986 |
6.85 |
7.71 |
10.14 |
| Jun 1986 |
6.92 |
7.8 |
10.68 |
| Jul 1986 |
6.56 |
7.3 |
10.51 |
| Aug 1986 |
6.17 |
7.17 |
10.20 |
| Sep 1986 |
5.89 |
7.45 |
10.01 |
| Oct 1986 |
5.85 |
7.43 |
9.97 |
| Nov 1986 |
6.04 |
7.25 |
9.70 |
| Dec 1986 |
6.91 |
7.11 |
9.31 |
| Jan 1987 |
6.43 |
7.08 |
9.20 |
| Feb 1987 |
6.1 |
7.25 |
9.08 |
| Mar 1987 |
6.13 |
7.25 |
9.04 |
| Apr 1987 |
6.37 |
8.02 |
9.83 |
| May 1987 |
6.85 |
8.61 |
10.60 |
| Jun 1987 |
6.73 |
8.4 |
10.54 |
| Jul 1987 |
6.58 |
8.45 |
10.28 |
| Aug 1987 |
6.73 |
8.76 |
10.33 |
| Sep 1987 |
7.22 |
9.42 |
10.89 |
| Oct 1987 |
7.29 |
9.52 |
11.26 |
| Nov 1987 |
6.69 |
8.86 |
10.65 |
| Dec 1987 |
6.77 |
8.99 |
10.65 |
| Jan 1988 |
6.83 |
8.67 |
10.43 |
| Feb 1988 |
6.58 |
8.21 |
9.89 |
| Mar 1988 |
6.58 |
8.37 |
9.93 |
| Apr 1988 |
6.87 |
8.72 |
10.20 |
| May 1988 |
7.09 |
9.09 |
10.46 |
| Jun 1988 |
7.51 |
8.92 |
10.46 |
| Jul 1988 |
7.75 |
9.06 |
10.43 |
| Aug 1988 |
8.01 |
9.26 |
10.60 |
| Sep 1988 |
8.19 |
8.98 |
10.48 |
| Oct 1988 |
8.3 |
8.8 |
10.30 |
| Nov 1988 |
8.35 |
8.96 |
10.27 |
| Dec 1988 |
8.76 |
9.11 |
10.61 |
| Jan 1989 |
9.12 |
9.09 |
10.73 |
| Feb 1989 |
9.36 |
9.17 |
10.65 |
| Mar 1989 |
9.85 |
9.36 |
11.03 |
| Apr 1989 |
9.84 |
9.18 |
11.05 |
| May 1989 |
9.81 |
8.86 |
10.77 |
| Jun 1989 |
9.53 |
8.28 |
10.20 |
| Jul 1989 |
9.24 |
8.02 |
9.88 |
| Aug 1989 |
8.99 |
8.11 |
9.99 |
| Sep 1989 |
9.02 |
8.19 |
10.13 |
| Oct 1989 |
8.84 |
8.01 |
9.95 |
| Nov 1989 |
8.55 |
7.87 |
9.77 |
| Dec 1989 |
8.45 |
7.84 |
9.74 |
| Jan 1990 |
8.23 |
8.21 |
9.90 |
| Feb 1990 |
8.24 |
8.47 |
10.20 |
| Mar 1990 |
8.28 |
8.59 |
10.27 |
| Apr 1990 |
8.26 |
8.79 |
10.37 |
| May 1990 |
8.18 |
8.76 |
10.48 |
| Jun 1990 |
8.29 |
8.48 |
10.16 |
| Jul 1990 |
8.15 |
8.47 |
10.04 |
| Aug 1990 |
8.13 |
8.75 |
10.10 |
| Sep 1990 |
8.2 |
8.89 |
10.18 |
| Oct 1990 |
8.11 |
8.72 |
10.18 |
| Nov 1990 |
7.81 |
8.39 |
10.01 |
| Dec 1990 |
7.31 |
8.08 |
9.67 |
| Jan 1991 |
6.91 |
8.09 |
9.64 |
| Feb 1991 |
6.25 |
7.85 |
9.37 |
| Mar 1991 |
6.12 |
8.11 |
9.50 |
| Apr 1991 |
5.91 |
8.04 |
9.49 |
| May 1991 |
5.78 |
8.07 |
9.47 |
| Jun 1991 |
5.9 |
8.28 |
9.62 |
| Jul 1991 |
5.82 |
8.27 |
9.58 |
| Aug 1991 |
5.66 |
7.9 |
9.24 |
| Sep 1991 |
5.45 |
7.65 |
9.01 |
| Oct 1991 |
5.21 |
7.53 |
8.86 |
| Nov 1991 |
4.81 |
7.42 |
8.71 |
| Dec 1991 |
4.43 |
7.09 |
8.50 |
| Jan 1992 |
4.03 |
7.03 |
8.43 |
| Feb 1992 |
4.06 |
7.34 |
8.76 |
| Mar 1992 |
3.98 |
7.54 |
8.94 |
| Apr 1992 |
3.73 |
7.48 |
8.85 |
| May 1992 |
3.82 |
7.39 |
8.67 |
| Jun 1992 |
3.76 |
7.26 |
8.51 |
| Jul 1992 |
3.25 |
6.84 |
8.13 |
| Aug 1992 |
3.3 |
6.59 |
7.98 |
| Sep 1992 |
3.22 |
6.42 |
7.92 |
| Oct 1992 |
3.1 |
6.59 |
8.09 |
| Nov 1992 |
3.09 |
6.87 |
8.31 |
| Dec 1992 |
2.92 |
6.77 |
8.22 |
| Jan 1993 |
3.02 |
6.6 |
8.02 |
| Feb 1993 |
3.03 |
6.26 |
7.68 |
| Mar 1993 |
3.07 |
5.98 |
7.50 |
| Apr 1993 |
2.96 |
5.97 |
7.47 |
| May 1993 |
3 |
6.04 |
7.47 |
| Jun 1993 |
3.04 |
5.96 |
7.42 |
| Jul 1993 |
3.06 |
5.81 |
7.21 |
| Aug 1993 |
3.03 |
5.68 |
7.11 |
| Sep 1993 |
3.09 |
5.36 |
6.92 |
| Oct 1993 |
2.99 |
5.33 |
6.83 |
| Nov 1993 |
3.02 |
5.72 |
7.16 |
| Dec 1993 |
2.96 |
5.77 |
7.17 |
| Jan 1994 |
3.05 |
5.75 |
7.06 |
| Feb 1994 |
3.25 |
5.97 |
7.15 |
| Mar 1994 |
3.34 |
6.48 |
7.68 |
| Apr 1994 |
3.56 |
6.97 |
8.32 |
| May 1994 |
4.01 |
7.18 |
8.60 |
| Jun 1994 |
4.25 |
7.1 |
8.40 |
| Jul 1994 |
4.26 |
7.3 |
8.61 |
| Aug 1994 |
4.47 |
7.24 |
8.51 |
| Sep 1994 |
4.73 |
7.46 |
8.64 |
| Oct 1994 |
4.76 |
7.74 |
8.93 |
| Nov 1994 |
5.29 |
7.96 |
9.17 |
| Dec 1994 |
5.45 |
7.81 |
9.20 |
| Jan 1995 |
5.53 |
7.78 |
9.15 |
| Feb 1995 |
5.92 |
7.47 |
8.83 |
| Mar 1995 |
5.98 |
7.2 |
8.46 |
| Apr 1995 |
6.05 |
7.06 |
8.32 |
| May 1995 |
6.01 |
6.63 |
7.96 |
| Jun 1995 |
6 |
6.17 |
7.57 |
| Jul 1995 |
5.85 |
6.28 |
7.61 |
| Aug 1995 |
5.74 |
6.49 |
7.86 |
| Sep 1995 |
5.8 |
6.2 |
7.64 |
| Oct 1995 |
5.76 |
6.04 |
7.48 |
| Nov 1995 |
5.8 |
5.93 |
7.38 |
| Dec 1995 |
5.6 |
5.71 |
7.20 |
| Jan 1996 |
5.56 |
5.65 |
7.03 |
| Feb 1996 |
5.22 |
5.81 |
7.08 |
| Mar 1996 |
5.31 |
6.27 |
7.62 |
| Apr 1996 |
5.22 |
6.51 |
7.93 |
| May 1996 |
5.24 |
6.74 |
8.07 |
| Jun 1996 |
5.27 |
6.91 |
8.32 |
| Jul 1996 |
5.4 |
6.87 |
8.25 |
| Aug 1996 |
5.22 |
6.64 |
8.00 |
| Sep 1996 |
5.3 |
6.83 |
8.23 |
| Oct 1996 |
5.24 |
6.53 |
7.92 |
| Nov 1996 |
5.31 |
6.2 |
7.62 |
| Dec 1996 |
5.29 |
6.3 |
7.60 |
| Jan 1997 |
5.25 |
6.58 |
7.82 |
| Feb 1997 |
5.19 |
6.42 |
7.65 |
| Mar 1997 |
5.39 |
6.69 |
7.90 |
| Apr 1997 |
5.51 |
6.89 |
8.14 |
| May 1997 |
5.5 |
6.71 |
7.94 |
| Jun 1997 |
5.56 |
6.49 |
7.69 |
| Jul 1997 |
5.52 |
6.22 |
7.50 |
| Aug 1997 |
5.54 |
6.3 |
7.48 |
| Sep 1997 |
5.54 |
6.21 |
7.43 |
| Oct 1997 |
5.5 |
6.03 |
7.29 |
| Nov 1997 |
5.52 |
5.88 |
7.21 |
| Dec 1997 |
5.5 |
5.81 |
7.10 |
| Jan 1998 |
5.56 |
5.54 |
6.99 |
| Feb 1998 |
5.51 |
5.57 |
7.04 |
| Mar 1998 |
5.49 |
5.65 |
7.13 |
| Apr 1998 |
5.45 |
5.64 |
7.14 |
| May 1998 |
5.49 |
5.65 |
7.14 |
| Jun 1998 |
5.56 |
5.5 |
7.00 |
| Jul 1998 |
5.54 |
5.46 |
6.95 |
| Aug 1998 |
5.55 |
5.34 |
6.92 |
| Sep 1998 |
5.51 |
4.81 |
6.72 |
| Oct 1998 |
5.07 |
4.53 |
6.71 |
| Nov 1998 |
4.83 |
4.83 |
6.87 |
| Dec 1998 |
4.68 |
4.65 |
6.72 |
| Jan 1999 |
4.63 |
4.72 |
6.79 |
| Feb 1999 |
4.76 |
5 |
6.81 |
| Mar 1999 |
4.81 |
5.23 |
7.04 |
| Apr 1999 |
4.74 |
5.18 |
6.92 |
| May 1999 |
4.74 |
5.54 |
7.15 |
| Jun 1999 |
4.76 |
5.9 |
7.55 |
| Jul 1999 |
4.99 |
5.79 |
7.63 |
| Aug 1999 |
5.07 |
5.94 |
7.94 |
| Sep 1999 |
5.22 |
5.92 |
7.82 |
| Oct 1999 |
5.2 |
6.11 |
7.85 |
| Nov 1999 |
5.42 |
6.03 |
7.74 |
| Dec 1999 |
5.3 |
6.28 |
7.91 |
| Jan 2000 |
5.45 |
6.66 |
8.21 |
| Feb 2000 |
5.73 |
6.52 |
8.33 |
| Mar 2000 |
5.85 |
6.26 |
8.24 |
| Apr 2000 |
6.02 |
5.99 |
8.15 |
| May 2000 |
6.27 |
6.44 |
8.52 |
| Jun 2000 |
6.53 |
6.1 |
8.29 |
| Jul 2000 |
6.54 |
6.05 |
8.15 |
| Aug 2000 |
6.5 |
5.83 |
8.03 |
| Sep 2000 |
6.52 |
5.8 |
7.91 |
| Oct 2000 |
6.51 |
5.74 |
7.80 |
| Nov 2000 |
6.51 |
5.72 |
7.75 |
| Dec 2000 |
6.4 |
5.24 |
7.38 |
| Jan 2001 |
5.98 |
5.16 |
7.03 |
| Feb 2001 |
5.49 |
5.1 |
7.05 |
| Mar 2001 |
5.31 |
4.89 |
6.95 |
| Apr 2001 |
4.8 |
5.14 |
7.08 |
| May 2001 |
4.21 |
5.39 |
7.15 |
| Jun 2001 |
3.97 |
5.28 |
7.16 |
| Jul 2001 |
3.77 |
5.24 |
7.13 |
| Aug 2001 |
3.65 |
4.97 |
6.95 |
| Sep 2001 |
3.07 |
4.73 |
6.82 |
| Oct 2001 |
2.49 |
4.57 |
6.62 |
| Nov 2001 |
2.09 |
4.65 |
6.66 |
| Dec 2001 |
1.82 |
5.09 |
7.07 |
| Jan 2002 |
1.73 |
5.04 |
7.00 |
| Feb 2002 |
1.74 |
4.91 |
6.89 |
| Mar 2002 |
1.73 |
5.28 |
7.01 |
| Apr 2002 |
1.75 |
5.21 |
6.99 |
| May 2002 |
1.75 |
5.16 |
6.81 |
| Jun 2002 |
1.75 |
4.93 |
6.65 |
| Jul 2002 |
1.73 |
4.65 |
6.49 |
| Aug 2002 |
1.74 |
4.26 |
6.29 |
| Sep 2002 |
1.75 |
3.87 |
6.09 |
| Oct 2002 |
1.75 |
3.94 |
6.11 |
| Nov 2002 |
1.34 |
4.05 |
6.07 |
| Dec 2002 |
1.24 |
4.03 |
6.05 |
| Jan 2003 |
1.24 |
4.05 |
5.92 |
| Feb 2003 |
1.26 |
3.9 |
5.84 |
| Mar 2003 |
1.25 |
3.81 |
5.75 |
| Apr 2003 |
1.26 |
3.96 |
5.81 |
| May 2003 |
1.26 |
3.57 |
5.48 |
| Jun 2003 |
1.22 |
3.33 |
5.23 |
| Jul 2003 |
1.01 |
3.98 |
5.63 |
| Aug 2003 |
1.03 |
4.45 |
6.26 |
| Sep 2003 |
1.01 |
4.27 |
6.15 |
| Oct 2003 |
1.01 |
4.29 |
5.95 |
| Nov 2003 |
1 |
4.3 |
5.93 |
| Dec 2003 |
0.98 |
4.27 |
5.88 |
| Jan 2004 |
1 |
4.15 |
5.74 |
| Feb 2004 |
1.01 |
4.08 |
5.64 |
| Mar 2004 |
1 |
3.83 |
5.45 |
| Apr 2004 |
1 |
4.35 |
5.29 |
| May 2004 |
1 |
4.72 |
5.77 |
| Jun 2004 |
1.03 |
4.73 |
6.42 |
| Jul 2004 |
1.26 |
4.5 |
6.2 |
| Aug 2004 |
1.43 |
4.28 |
6.01 |
| Sep 2004 |
1.61 |
4.13 |
5.88 |
| Oct 2004 |
1.86 |
4.21 |
5.91 |
| Nov 2004 |
1.93 |
4.19 |
5.7 |
| Dec 2004 |
2.25 |
4.21 |
5.69 |
| Jan 2005 |
2.31 |
4.23 |
5.71 |
| Feb 2005 |
2.5 |
4.17 |
5.48 |
| Mar 2005 |
2.56 |
4.48 |
5.87 |
| Apr 2005 |
3.00 |
4.28 |
5.75 |