Home > Monetary Policy > Monetary Policy Report > MPR: July 15, 2014 > Part 1: Recent Economic and Financial Developments

Board of Governors of the Federal Reserve System

Accessible versions of figures in Part 1

Table data presented with the Monetary Policy Report submitted to the Congress on July 15, 2014, pursuant to section 2B of the Federal Reserve Act

Figure 1. Net Change in Payroll Employment

3-month moving averages
Thousands of jobs

Period	Total nonfarm	Private
January 2008	76.67	46.33
February 2008	8.67	-19.00
March 2008	-50.33	-72.67
April 2008	-126.67	-147.33
May 2008	-158.67	-180.67
June 2008	-189.33	-214.00
July 2008	-188.00	-227.33
August 2008	-213.67	-241.67
September 2008	-307.00	-313.67
October 2008	-395.00	-388.67
November 2008	-563.67	-561.33
December 2008	-645.33	-651.67
January 2009	-753.33	-763.33
February 2009	-732.00	-737.33
March 2009	-775.00	-776.33
April 2009	-737.00	-769.67
May 2009	-621.33	-635.00
June 2009	-501.67	-507.00
July 2009	-382.67	-330.67
August 2009	-336.67	-310.00
September 2009	-256.67	-215.00
October 2009	-213.67	-214.67
November 2009	-143.67	-142.33
December 2009	-162.33	-172.67
January 2010	-90.33	-75.67
February 2010	-105.00	-83.33
March 2010	41.33	31.67
April 2010	119.00	89.00
May 2010	307.67	133.00
June 2010	215.00	132.00
July 2010	111.00	108.00
August 2010	-75.00	115.67
September 2010	-53.33	114.67
October 2010	47.33	141.00
November 2010	107.00	151.67
December 2010	149.67	147.33
January 2011	92.67	105.00
February 2011	103.00	129.67
March 2011	150.00	175.33
April 2011	234.00	258.00
May 2011	212.00	239.00
June 2011	213.67	224.00
July 2011	141.67	190.33
August 2011	148.33	176.67
September 2011	149.67	204.00
October 2011	175.33	190.00
November 2011	189.33	212.00
December 2011	181.00	196.67
January 2012	240.00	259.00
February 2012	260.67	271.33
March 2012	276.33	279.33
April 2012	188.33	192.00
May 2012	149.67	159.67
June 2012	98.00	102.67
July 2012	119.33	126.00
August 2012	132.67	127.67
September 2012	157.00	155.67
October 2012	178.67	183.33
November 2012	196.33	208.33
December 2012	214.00	227.00
January 2013	204.67	215.00
February 2013	230.33	232.33
March 2013	206.00	215.33
April 2013	208.00	205.00
May 2013	181.00	191.33
June 2013	201.00	203.67
July 2013	183.00	197.67
August 2013	184.00	183.67
September 2013	171.67	167.67
October 2013	201.00	193.33
November 2013	225.00	224.00
December 2013	198.33	201.67
January 2014	167.33	174.67
February 2014	150.00	151.00
March 2014	189.67	189.00
April 2014	243.00	226.33
May 2014	243.67	234.00
June 2014	272.00	254.67

Note: The data extend through June 2014.

Source: Department of Labor, Bureau of Labor Statistics.

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Figure 2. Labor Force Participation Rate and Employment-to-Population Ratio

Monthly
Percent

Period	Labor force participation rate	Employment-to-population ratio
January 2000	67.29	64.59
February 2000	67.33	64.56
March 2000	67.26	64.55
April 2000	67.33	64.74
May 2000	67.09	64.37
June 2000	67.11	64.45
July 2000	66.90	64.20
August 2000	66.93	64.19
September 2000	66.86	64.22
October 2000	66.83	64.24
November 2000	66.95	64.31
December 2000	67.02	64.39
January 2001	67.23	64.42
February 2001	67.12	64.27
March 2001	67.16	64.29
April 2001	66.92	64.00
May 2001	66.74	63.84
June 2001	66.69	63.68
July 2001	66.76	63.70
August 2001	66.51	63.24
September 2001	66.77	63.45
October 2001	66.74	63.17
November 2001	66.74	63.04
December 2001	66.71	62.89
January 2002	66.46	62.68
February 2002	66.76	62.97
March 2002	66.64	62.81
April 2002	66.69	62.73
May 2002	66.73	62.86
June 2002	66.61	62.75
July 2002	66.54	62.68
August 2002	66.56	62.75
September 2002	66.73	62.95
October 2002	66.55	62.75
November 2002	66.37	62.47
December 2002	66.32	62.37
January 2003	66.37	62.49
February 2003	66.37	62.46
March 2003	66.28	62.38
April 2003	66.42	62.41
May 2003	66.36	62.30
June 2003	66.54	62.34
July 2003	66.21	62.13
August 2003	66.11	62.10
September 2003	66.07	62.05
October 2003	66.08	62.14
November 2003	66.13	62.27
December 2003	65.94	62.20
January 2004	66.10	62.33
February 2004	65.98	62.31
March 2004	66.03	62.21
April 2004	65.92	62.26
May 2004	65.96	62.27
June 2004	66.07	62.36
July 2004	66.10	62.46
August 2004	65.97	62.40
September 2004	65.83	62.29
October 2004	65.92	62.33
November 2004	66.02	62.49
December 2004	65.91	62.38
January 2005	65.84	62.38
February 2005	65.93	62.38
March 2005	65.88	62.45
April 2005	66.06	62.66
May 2005	66.14	62.75
June 2005	66.06	62.73
July 2005	66.08	62.80
August 2005	66.15	62.91
September 2005	66.15	62.82
October 2005	66.09	62.81
November 2005	66.05	62.72
December 2005	65.97	62.77
January 2006	66.01	62.91
February 2006	66.14	62.99
March 2006	66.15	63.05
April 2006	66.12	63.00
May 2006	66.13	63.08
June 2006	66.19	63.13
July 2006	66.13	62.99
August 2006	66.20	63.11
September 2006	66.11	63.12
October 2006	66.20	63.27
November 2006	66.29	63.30
December 2006	66.37	63.44
January 2007	66.40	63.31
February 2007	66.27	63.27
March 2007	66.25	63.33
April 2007	65.92	62.96
May 2007	65.95	63.03
June 2007	66.05	63.04
July 2007	65.98	62.90
August 2007	65.78	62.74
September 2007	66.00	62.91
October 2007	65.82	62.71
November 2007	66.04	62.93
December 2007	66.02	62.74
January 2008	66.23	62.93
February 2008	66.00	62.78
March 2008	66.06	62.70
April 2008	65.94	62.66
May 2008	66.11	62.51
June 2008	66.05	62.38
July 2008	66.05	62.23
August 2008	66.06	62.02
September 2008	65.95	61.90
October 2008	66.01	61.72
November 2008	65.85	61.36
December 2008	65.80	61.00
January 2009	65.69	60.56
February 2009	65.79	60.29
March 2009	65.56	59.85
April 2009	65.67	59.78
May 2009	65.72	59.57
June 2009	65.65	59.41
July 2009	65.50	59.31
August 2009	65.36	59.08
September 2009	65.09	58.74
October 2009	65.01	58.52
November 2009	65.00	58.57
December 2009	64.62	58.25
January 2010	64.77	58.46
February 2010	64.86	58.48
March 2010	64.92	58.51
April 2010	65.16	58.70
May 2010	64.89	58.63
June 2010	64.64	58.54
July 2010	64.61	58.51
August 2010	64.72	58.56
September 2010	64.61	58.49
October 2010	64.41	58.32
November 2010	64.57	58.24
December 2010	64.31	58.30
January 2011	64.18	58.35
February 2011	64.17	58.37
March 2011	64.19	58.43
April 2011	64.21	58.38
May 2011	64.15	58.36
June 2011	64.04	58.21
July 2011	63.97	58.21
August 2011	64.09	58.32
September 2011	64.17	58.38
October 2011	64.07	58.41
November 2011	64.08	58.54
December 2011	63.98	58.54
January 2012	63.70	58.48
February 2012	63.86	58.55
March 2012	63.81	58.56
April 2012	63.66	58.47
May 2012	63.77	58.55
June 2012	63.80	58.58
July 2012	63.68	58.46
August 2012	63.50	58.38
September 2012	63.59	58.64
October 2012	63.74	58.76
November 2012	63.59	58.66
December 2012	63.63	58.61
January 2013	63.64	58.60
February 2013	63.52	58.60
March 2013	63.31	58.53
April 2013	63.37	58.60
May 2013	63.42	58.66
June 2013	63.46	58.67
July 2013	63.35	58.71
August 2013	63.20	58.62
September 2013	63.16	58.61
October 2013	62.76	58.24
November 2013	62.98	58.58
December 2013	62.79	58.60
January 2014	62.96	58.82
February 2014	63.02	58.79
March 2014	63.18	58.94
April 2014	62.81	58.87
May 2014	62.84	58.89
June 2014	62.83	59.00

Note: Both series are a percent of the population aged 16 and over.

Source: Department of Labor, Bureau of Labor Statistics.

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Figure 3. Change in Labor Market Conditions Index

Monthly

Period	Index
January 2003	-3.77
February 2003	-4.99
March 2003	-5.71
April 2003	-5.80
May 2003	-3.84
June 2003	-0.94
July 2003	1.66
August 2003	4.29
September 2003	6.77
October 2003	8.83
November 2003	9.89
December 2003	10.03
January 2004	9.43
February 2004	8.92
March 2004	9.15
April 2004	9.58
May 2004	9.28
June 2004	7.19
July 2004	4.89
August 2004	3.78
September 2004	4.57
October 2004	6.63
November 2004	7.73
December 2004	8.01
January 2005	7.48
February 2005	7.86
March 2005	8.32
April 2005	8.77
May 2005	8.27
June 2005	7.86
July 2005	7.11
August 2005	6.03
September 2005	3.87
October 2005	2.71
November 2005	4.28
December 2005	7.53
January 2006	10.89
February 2006	11.48
March 2006	10.10
April 2006	6.63
May 2006	3.02
June 2006	0.58
July 2006	0.13
August 2006	0.93
September 2006	1.96
October 2006	2.26
November 2006	2.98
December 2006	3.78
January 2007	4.68
February 2007	4.53
March 2007	4.39
April 2007	2.81
May 2007	1.19
June 2007	-1.53
July 2007	-3.63
August 2007	-5.41
September 2007	-5.59
October 2007	-4.54
November 2007	-3.24
December 2007	-3.31
January 2008	-4.57
February 2008	-6.92
March 2008	-9.24
April 2008	-11.35
May 2008	-13.12
June 2008	-13.48
July 2008	-13.90
August 2008	-14.51
September 2008	-17.65
October 2008	-23.36
November 2008	-30.55
December 2008	-36.16
January 2009	-38.69
February 2009	-37.97
March 2009	-35.36
April 2009	-29.38
May 2009	-20.41
June 2009	-10.94
July 2009	-3.70
August 2009	-0.27
September 2009	0.94
October 2009	1.36
November 2009	3.29
December 2009	5.58
January 2010	8.14
February 2010	8.56
March 2010	9.27
April 2010	9.40
May 2010	9.44
June 2010	7.85
July 2010	5.38
August 2010	3.14
September 2010	2.36
October 2010	3.18
November 2010	4.44
December 2010	6.44
January 2011	7.83
February 2011	9.71
March 2011	9.95
April 2011	8.75
May 2011	5.78
June 2011	3.02
July 2011	1.62
August 2011	1.47
September 2011	2.66
October 2011	4.86
November 2011	7.89
December 2011	10.24
January 2012	11.54
February 2012	10.85
March 2012	8.60
April 2012	5.04
May 2012	1.85
June 2012	-0.43
July 2012	-0.56
August 2012	0.90
September 2012	2.94
October 2012	4.52
November 2012	4.88
December 2012	4.74
January 2013	4.59
February 2013	5.28
March 2013	5.46
April 2013	4.84
May 2013	3.74
June 2013	3.25
July 2013	3.35
August 2013	3.46
September 2013	3.61
October 2013	3.76
November 2013	4.83
December 2013	5.05
January 2014	4.53
February 2014	3.05
March 2014	3.34
April 2014	4.90
May 2014	6.24
June 2014	6.55

Note: Data are three-month moving averages. The index is estimated using a dynamic factor model to measure the primary source of common variation among 19 labor market indicators. The index has a mean of zero and a standard deviation of 100; an increase indicates an improvement in labor market conditions.

Source: Federal Reserve Board staff estimates based on data from the Conference Board; Department of Labor, Bureau of Labor Statistics and Employment and Training Administration; National Federation of Independent Business.

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Figure 4. Measures of Labor Underutilization

Monthly
Percent

Period	Unemployment rate	U-4	U-5	U-6
January 2002	5.7	5.9	6.7	9.5
February 2002	5.7	5.9	6.6	9.5
March 2002	5.7	6.0	6.6	9.4
April 2002	5.9	6.1	6.8	9.7
May 2002	5.8	6.1	6.7	9.5
June 2002	5.8	6.0	6.7	9.5
July 2002	5.8	6.1	6.8	9.6
August 2002	5.7	6.0	6.7	9.6
September 2002	5.7	5.9	6.6	9.6
October 2002	5.7	5.9	6.6	9.6
November 2002	5.9	6.1	6.8	9.7
December 2002	6.0	6.2	6.9	9.8
January 2003	5.8	6.1	6.9	10.0
February 2003	5.9	6.2	6.9	10.2
March 2003	5.9	6.2	6.9	10.0
April 2003	6.0	6.3	6.9	10.2
May 2003	6.1	6.4	7.0	10.1
June 2003	6.3	6.6	7.2	10.3
July 2003	6.2	6.5	7.1	10.3
August 2003	6.1	6.4	7.1	10.1
September 2003	6.1	6.3	7.1	10.4
October 2003	6.0	6.2	7.0	10.2
November 2003	5.8	6.1	6.8	10.0
December 2003	5.7	5.9	6.6	9.8
January 2004	5.7	6.0	6.8	9.9
February 2004	5.6	5.9	6.6	9.7
March 2004	5.8	6.1	6.8	10.0
April 2004	5.6	5.9	6.5	9.6
May 2004	5.6	5.9	6.6	9.6
June 2004	5.6	5.9	6.6	9.5
July 2004	5.5	5.8	6.5	9.5
August 2004	5.4	5.8	6.4	9.4
September 2004	5.4	5.6	6.4	9.4
October 2004	5.5	5.7	6.5	9.7
November 2004	5.4	5.6	6.3	9.4
December 2004	5.4	5.6	6.3	9.2
January 2005	5.3	5.6	6.4	9.3
February 2005	5.4	5.7	6.4	9.3
March 2005	5.2	5.5	6.2	9.1
April 2005	5.2	5.4	6.1	8.9
May 2005	5.1	5.4	6.0	8.9
June 2005	5.0	5.3	6.0	9.0
July 2005	5.0	5.3	5.9	8.8
August 2005	4.9	5.1	5.9	8.9
September 2005	5.0	5.3	5.9	9.0
October 2005	5.0	5.2	5.9	8.7
November 2005	5.0	5.3	5.9	8.7
December 2005	4.9	5.1	5.8	8.6
January 2006	4.7	5.0	5.7	8.4
February 2006	4.8	5.0	5.7	8.4
March 2006	4.7	5.0	5.6	8.2
April 2006	4.7	5.0	5.5	8.1
May 2006	4.6	4.8	5.5	8.2
June 2006	4.6	4.9	5.6	8.4
July 2006	4.7	5.0	5.7	8.5
August 2006	4.7	5.0	5.7	8.4
September 2006	4.5	4.7	5.3	8.0
October 2006	4.4	4.6	5.3	8.2
November 2006	4.5	4.7	5.4	8.1
December 2006	4.4	4.6	5.2	7.9
January 2007	4.6	4.9	5.6	8.4
February 2007	4.5	4.8	5.4	8.2
March 2007	4.4	4.6	5.3	8.0
April 2007	4.5	4.7	5.4	8.2
May 2007	4.4	4.7	5.3	8.2
June 2007	4.6	4.8	5.5	8.3
July 2007	4.7	4.9	5.5	8.4
August 2007	4.6	4.9	5.5	8.4
September 2007	4.7	4.8	5.5	8.4
October 2007	4.7	4.9	5.6	8.4
November 2007	4.7	4.9	5.5	8.4
December 2007	5.0	5.2	5.8	8.8
January 2008	5.0	5.3	6.0	9.2
February 2008	4.9	5.1	5.9	9.0
March 2008	5.1	5.3	5.9	9.1
April 2008	5.0	5.2	5.8	9.2
May 2008	5.4	5.7	6.3	9.7
June 2008	5.6	5.8	6.5	10.1
July 2008	5.8	6.1	6.7	10.5
August 2008	6.1	6.3	7.1	10.8
September 2008	6.1	6.4	7.1	11.0
October 2008	6.5	6.8	7.5	11.8
November 2008	6.8	7.2	8.0	12.6
December 2008	7.3	7.7	8.4	13.6
January 2009	7.8	8.3	9.1	14.2
February 2009	8.3	8.8	9.5	15.2
March 2009	8.7	9.1	9.9	15.8
April 2009	9.0	9.4	10.2	15.9
May 2009	9.4	9.8	10.6	16.5
June 2009	9.5	10.0	10.8	16.5
July 2009	9.5	9.9	10.8	16.4
August 2009	9.6	10.0	10.9	16.7
September 2009	9.8	10.2	11.0	16.7
October 2009	10.0	10.5	11.4	17.1
November 2009	9.9	10.4	11.2	17.1
December 2009	9.9	10.4	11.3	17.1
January 2010	9.7	10.4	11.2	16.7
February 2010	9.8	10.5	11.3	17.0
March 2010	9.9	10.5	11.2	17.1
April 2010	9.9	10.6	11.3	17.2
May 2010	9.6	10.3	10.9	16.6
June 2010	9.4	10.1	10.9	16.4
July 2010	9.5	10.1	11.0	16.4
August 2010	9.5	10.2	10.9	16.5
September 2010	9.5	10.2	10.9	16.8
October 2010	9.5	10.2	11.0	16.6
November 2010	9.8	10.5	11.3	16.9
December 2010	9.4	10.1	10.9	16.6
January 2011	9.1	9.7	10.7	16.1
February 2011	9.0	9.6	10.6	16.0
March 2011	9.0	9.5	10.4	15.9
April 2011	9.1	9.7	10.5	16.1
May 2011	9.0	9.5	10.3	15.8
June 2011	9.1	9.7	10.7	16.1
July 2011	9.0	9.7	10.6	16.0
August 2011	9.0	9.6	10.5	16.1
September 2011	9.0	9.6	10.5	16.3
October 2011	8.8	9.4	10.3	15.9
November 2011	8.6	9.3	10.2	15.6
December 2011	8.5	9.1	10.0	15.2
January 2012	8.2	8.8	9.8	15.1
February 2012	8.3	8.9	9.8	15.0
March 2012	8.2	8.7	9.6	14.5
April 2012	8.2	8.7	9.5	14.6
May 2012	8.2	8.7	9.6	14.8
June 2012	8.2	8.7	9.6	14.8
July 2012	8.2	8.7	9.7	14.9
August 2012	8.1	8.6	9.6	14.7
September 2012	7.8	8.3	9.3	14.7
October 2012	7.8	8.3	9.2	14.4
November 2012	7.8	8.3	9.2	14.4
December 2012	7.9	8.5	9.4	14.4
January 2013	7.9	8.4	9.3	14.4
February 2013	7.7	8.3	9.3	14.3
March 2013	7.5	8.0	8.9	13.8
April 2013	7.5	8.0	8.9	13.9
May 2013	7.5	8.0	8.8	13.8
June 2013	7.5	8.1	9.0	14.2
July 2013	7.3	7.9	8.7	13.9
August 2013	7.2	7.8	8.6	13.6
September 2013	7.2	7.7	8.6	13.6
October 2013	7.2	7.7	8.6	13.7
November 2013	7.0	7.4	8.2	13.1
December 2013	6.7	7.2	8.1	13.1
January 2014	6.6	7.1	8.1	12.7
February 2014	6.7	7.2	8.1	12.6
March 2014	6.7	7.1	8.0	12.7
April 2014	6.3	6.7	7.6	12.3
May 2014	6.3	6.7	7.6	12.2
June 2014	6.1	6.5	7.3	12.1

Note: U-4 measures total unemployed plus discouraged workers, as a percent of the labor force plus discouraged workers. Discouraged workers are a subset of marginally attached workers who are not currently looking for work because they believe no jobs are available for them. U-5 measures total unemployed plus all marginally attached to the labor force, as a percent of the labor force plus persons marginally attached to the labor force. Marginally attached workers are not in the labor force, want and are available for work, and have looked for a job in the past 12 months. U-6 measures total unemployed plus all marginally attached workers plus total employed part time for economic reasons, as a percent of the labor force plus all marginally attached workers. The shaded bar indicates a period of business recession as defined by the National Bureau of Economic Research (December 2007-June 2009).

Source: Department of Labor, Bureau of Labor Statistics.

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Figure 5. Measures of Change in Hourly Compensation

Quarterly
Percent change from year earlier

Period	Employment cost index	Compensation per hour, nonfarm business sector
2004:Q1	3.83	4.51
2004:Q2	3.90	4.70
2004:Q3	3.76	4.93
2004:Q4	3.85	3.99
2005:Q1	3.48	4.94
2005:Q2	3.13	3.48
2005:Q3	2.90	2.99
2005:Q4	2.88	3.20
2006:Q1	2.65	4.60
2006:Q2	2.83	4.08
2006:Q3	3.02	2.93
2006:Q4	3.20	4.10
2007:Q1	3.17	4.44
2007:Q2	3.15	4.38
2007:Q3	3.12	4.58
2007:Q4	3.00	3.88
2008:Q1	3.17	2.38
2008:Q2	2.96	2.48
2008:Q3	2.84	3.04
2008:Q4	2.45	3.04
2009:Q1	1.86	-0.48
2009:Q2	1.48	1.87
2009:Q3	1.20	1.71
2009:Q4	1.19	1.22
2010:Q1	1.65	3.13
2010:Q2	1.92	1.84
2010:Q3	2.00	1.72
2010:Q4	2.09	1.58
2011:Q1	1.98	4.01
2011:Q2	2.33	2.45
2011:Q3	2.14	2.54
2011:Q4	2.22	0.96
2012:Q1	2.12	1.43
2012:Q2	1.84	2.24
2012:Q3	1.92	1.63
2012:Q4	1.83	5.27
2013:Q1	1.90	1.58
2013:Q2	1.89	2.08
2013:Q3	1.88	2.35
2013:Q4	1.96	0.32
2014:Q1	1.70	2.27

Note: For nonfarm business compensation, change is over four quarters; for the employment cost index, change is over the 12 months ending in the last month of each quarter.

Source: Department of Labor, Bureau of Labor Statistics.

Monthly
Percent change from year earlier

Period	Average hourly earnings
March 2007	3.64
April 2007	3.32
May 2007	3.73
June 2007	3.86
July 2007	3.45
August 2007	3.54
September 2007	3.23
October 2007	3.28
November 2007	3.32
December 2007	3.11
January 2008	3.11
February 2008	3.05
March 2008	3.03
April 2008	2.83
May 2008	3.02
June 2008	2.67
July 2008	3.00
August 2008	3.28
September 2008	3.27
October 2008	3.32
November 2008	3.59
December 2008	3.63
January 2009	3.53
February 2009	3.47
March 2009	3.18
April 2009	3.22
May 2009	2.84
June 2009	2.74
July 2009	2.59
August 2009	2.44
September 2009	2.30
October 2009	2.34
November 2009	2.05
December 2009	1.82
January 2010	1.96
February 2010	1.81
March 2010	1.77
April 2010	1.76
May 2010	1.90
June 2010	1.76
July 2010	1.85
August 2010	1.71
September 2010	1.89
October 2010	1.88
November 2010	1.65
December 2010	1.74
January 2011	1.96
February 2011	1.83
March 2011	1.82
April 2011	1.91
May 2011	2.04
June 2011	2.13
July 2011	2.26
August 2011	1.94
September 2011	1.94
October 2011	2.11
November 2011	2.02
December 2011	1.98
January 2012	1.71
February 2012	1.92
March 2012	2.14
April 2012	2.05
May 2012	1.78
June 2012	1.95
July 2012	1.77
August 2012	1.86
September 2012	1.99
October 2012	1.46
November 2012	1.90
December 2012	2.11
January 2013	2.15
February 2013	2.10
March 2013	1.88
April 2013	1.97
May 2013	2.05
June 2013	2.17
July 2013	1.91
August 2013	2.21
September 2013	2.04
October 2013	2.25
November 2013	2.16
December 2013	1.94
January 2014	1.98
February 2014	2.10
March 2014	2.14
April 2014	1.97
May 2014	2.09
June 2014	1.96

Note: Change is over the 12 months ending in June. The series begins in March 2007.

Source: Department of Labor, Bureau of Labor Statistics.

Return to text

Figure 6. Change in the Chain-Type Price Index for Personal Consumption Expenditures

Monthly
Percent

Period	Total	Excluding food and energy
January 2008	3.35	2.14
February 2008	3.23	2.02
March 2008	3.19	2.16
April 2008	3.24	2.19
May 2008	3.40	2.28
June 2008	3.90	2.32
July 2008	4.20	2.31
August 2008	4.02	2.26
September 2008	3.73	2.11
October 2008	2.87	1.85
November 2008	1.20	1.69
December 2008	0.38	1.41
January 2009	0.18	1.23
February 2009	0.18	1.21
March 2009	-0.22	1.11
April 2009	-0.31	1.25
May 2009	-0.61	1.16
June 2009	-0.71	1.10
July 2009	-1.18	0.97
August 2009	-0.84	0.97
September 2009	-0.77	1.03
October 2009	0.08	1.33
November 2009	1.46	1.42
December 2009	2.06	1.49
January 2010	2.18	1.56
February 2010	1.98	1.54
March 2010	2.19	1.56
April 2010	2.02	1.33
May 2010	1.93	1.35
June 2010	1.38	1.32
July 2010	1.55	1.36
August 2010	1.42	1.33
September 2010	1.35	1.20
October 2010	1.27	0.98
November 2010	1.20	0.99
December 2010	1.39	0.95
January 2011	1.42	1.00
February 2011	1.69	1.07
March 2011	1.96	1.05
April 2011	2.30	1.23
May 2011	2.58	1.35
June 2011	2.64	1.40
July 2011	2.69	1.50
August 2011	2.79	1.62
September 2011	2.87	1.65
October 2011	2.67	1.71
November 2011	2.63	1.77
December 2011	2.45	1.89
January 2012	2.48	2.01
February 2012	2.44	1.99
March 2012	2.29	2.04
April 2012	1.98	1.96
May 2012	1.60	1.86
June 2012	1.65	1.92
July 2012	1.50	1.86
August 2012	1.58	1.70
September 2012	1.70	1.71
October 2012	1.85	1.76
November 2012	1.59	1.67
December 2012	1.54	1.60
January 2013	1.37	1.54
February 2013	1.53	1.50
March 2013	1.19	1.39
April 2013	0.90	1.21
May 2013	1.04	1.16
June 2013	1.26	1.15
July 2013	1.33	1.13
August 2013	1.11	1.19
September 2013	0.93	1.20
October 2013	0.80	1.13
November 2013	1.00	1.17
December 2013	1.15	1.20
January 2014	1.18	1.09
February 2014	0.85	1.08
March 2014	1.13	1.20
April 2014	1.61	1.42
May 2014	1.77	1.49

Note: The data extend through May 2014; changes are from one year earlier.

Source: Department of Commerce, Bureau of Economic Analysis.

Return to text

Figure 7. Prices of Oil and Nonfuel Commodities

Period	Oil (dollars per barrel)	Nonfuel commodities (January 2, 2008 = 100)
10 January 2008	97.82	101.50
17 January 2008	91.96	102.10
24 January 2008	89.68	101.90
31 January 2008	92.98	103.15
7 February 2008	90.95	104.92
14 February 2008	95.41	106.32
21 February 2008	98.40	108.54
28 February 2008	99.69	111.53
6 March 2008	100.88	113.91
13 March 2008	105.26	112.20
20 March 2008	104.83	110.99
27 March 2008	100.40	109.93
3 April 2008	102.13	109.25
10 April 2008	107.01	111.96
17 April 2008	111.44	113.61
24 April 2008	114.64	114.39
1 May 2008	114.59	114.88
8 May 2008	117.21	114.89
15 May 2008	122.74	116.11
22 May 2008	127.05	114.35
29 May 2008	129.56	112.90
5 June 2008	126.34	111.85
12 June 2008	132.67	113.05
19 June 2008	135.19	114.75
26 June 2008	135.50	116.14
3 July 2008	142.25	117.68
10 July 2008	137.81	115.16
17 July 2008	140.18	115.75
24 July 2008	129.16	114.06
31 July 2008	125.19	113.49
7 August 2008	120.15	111.19
14 August 2008	113.08	109.18
21 August 2008	110.76	109.37
28 August 2008	115.57	109.63
4 September 2008	110.39	106.70
11 September 2008	102.49	103.28
18 September 2008	92.89	102.00
25 September 2008	100.74	102.73
2 October 2008	96.20	100.35
9 October 2008	85.71	94.21
16 October 2008	71.95	88.66
23 October 2008	65.54	84.94
30 October 2008	60.71	83.01
6 November 2008	60.45	79.76
13 November 2008	55.50	77.68
20 November 2008	50.71	75.92
27 November 2008	49.59	73.65
4 December 2008	46.60	72.84
11 December 2008	40.91	71.94
18 December 2008	44.14	72.98
25 December 2008	38.46	73.72
1 January 2009	35.30	74.47
8 January 2009	44.52	76.94
15 January 2009	42.25	77.17
22 January 2009	44.06	77.04
29 January 2009	44.69	76.85
5 February 2009	43.63	76.05
12 February 2009	45.57	75.90
19 February 2009	42.30	74.97
26 February 2009	41.97	73.86
5 March 2009	44.16	73.63
12 March 2009	44.18	73.18
19 March 2009	46.04	72.44
26 March 2009	51.19	73.95
2 April 2009	48.58	75.54
9 April 2009	51.74	77.11
16 April 2009	52.33	77.98
23 April 2009	49.16	79.43
30 April 2009	48.99	79.82
7 May 2009	53.16	81.07
14 May 2009	56.70	83.76
21 May 2009	57.60	84.19
28 May 2009	60.35	84.60
4 June 2009	66.75	87.38
11 June 2009	69.23	87.76
18 June 2009	70.21	86.45
25 June 2009	68.98	84.93
2 July 2009	68.23	85.50
9 July 2009	61.58	84.40
16 July 2009	60.72	84.90
23 July 2009	65.67	87.14
30 July 2009	69.13	87.97
6 August 2009	72.69	89.67
13 August 2009	73.39	90.54
20 August 2009	71.05	89.54
27 August 2009	73.44	89.72
3 September 2009	69.77	90.02
10 September 2009	68.56	90.81
17 September 2009	68.57	91.74
24 September 2009	68.90	91.66
1 October 2009	65.82	90.29
8 October 2009	67.29	89.83
15 October 2009	71.47	90.86
22 October 2009	76.73	92.30
29 October 2009	76.80	93.87
5 November 2009	76.53	94.81
12 November 2009	76.69	95.92
19 November 2009	77.00	97.18
26 November 2009	76.63	98.70
3 December 2009	77.24	99.94
10 December 2009	74.70	99.75
17 December 2009	71.48	100.04
24 December 2009	73.28	99.70
31 December 2009	76.71	101.40
7 January 2010	79.72	103.62
14 January 2010	78.88	103.50
21 January 2010	75.41	103.30
28 January 2010	72.66	102.16
4 February 2010	73.00	98.89
11 February 2010	70.43	99.08
18 February 2010	74.28	100.64
25 February 2010	76.41	101.97
4 March 2010	77.47	103.28
11 March 2010	79.31	104.55
18 March 2010	79.10	104.42
25 March 2010	79.02	104.48
1 April 2010	80.53	103.97
8 April 2010	83.53	105.16
15 April 2010	85.28	105.61
22 April 2010	84.70	106.69
29 April 2010	86.16	107.01
6 May 2010	84.06	106.34
13 May 2010	78.85	104.40
20 May 2010	74.50	102.61
27 May 2010	70.06	102.34
3 June 2010	73.26	101.29
10 June 2010	72.81	99.54
17 June 2010	75.61	101.47
24 June 2010	76.95	102.16
1 July 2010	74.96	101.58
8 July 2010	73.15	101.12
15 July 2010	76.11	101.25
22 July 2010	76.61	101.83
29 July 2010	77.99	103.75
5 August 2010	83.63	106.26
12 August 2010	80.57	106.83
19 August 2010	76.40	108.33
26 August 2010	73.78	108.91
2 September 2010	76.17	109.83
9 September 2010	76.89	111.58
16 September 2010	79.11	112.64
23 September 2010	78.70	115.16
30 September 2010	79.88	116.58
7 October 2010	84.38	116.64
14 October 2010	84.49	118.07
21 October 2010	82.90	117.41
28 October 2010	82.84	118.00
4 November 2010	84.78	118.47
11 November 2010	88.05	120.02
18 November 2010	85.10	117.58
25 November 2010	83.68	116.81
2 December 2010	87.35	117.18
9 December 2010	90.98	120.63
16 December 2010	91.33	121.30
23 December 2010	93.75	122.73
30 December 2010	94.09	124.45
6 January 2011	94.96	125.70
13 January 2011	98.11	127.90
20 January 2011	98.96	129.79
27 January 2011	96.70	131.61
3 February 2011	99.88	133.93
10 February 2011	98.98	135.49
17 February 2011	102.02	135.69
24 February 2011	106.52	134.51
3 March 2011	112.72	136.47
10 March 2011	114.35	137.30
17 March 2011	112.17	134.05
24 March 2011	114.82	135.37
31 March 2011	115.10	137.43
7 April 2011	121.29	138.86
14 April 2011	124.04	139.04
21 April 2011	122.93	138.33
28 April 2011	124.21	137.22
5 May 2011	123.96	136.07
12 May 2011	114.40	133.44
19 May 2011	112.10	133.87
26 May 2011	112.39	134.22
2 June 2011	116.05	135.67
9 June 2011	115.43	134.83
16 June 2011	118.80	134.57
23 June 2011	112.72	133.25
30 June 2011	109.54	132.42
7 July 2011	112.40	132.41
14 July 2011	117.22	132.46
21 July 2011	117.41	133.28
28 July 2011	118.13	133.64
4 August 2011	116.84	133.28
11 August 2011	106.83	130.13
18 August 2011	108.77	130.19
25 August 2011	108.43	129.59
1 September 2011	112.16	130.43
8 September 2011	112.84	130.20
15 September 2011	113.12	129.13
22 September 2011	112.14	126.50
29 September 2011	105.77	122.82
6 October 2011	102.61	121.12
13 October 2011	107.71	121.66
20 October 2011	111.49	121.82
27 October 2011	110.51	122.16
3 November 2011	110.03	122.18
10 November 2011	113.09	120.69
17 November 2011	112.98	119.28
24 November 2011	108.44	117.46
1 December 2011	108.94	117.37
8 December 2011	110.17	117.05
15 December 2011	108.16	115.06
22 December 2011	105.48	114.41
29 December 2011	108.17	115.33
5 January 2012	109.61	116.16
12 January 2012	113.15	116.04
19 January 2012	111.97	116.67
26 January 2012	110.53	118.49
2 February 2012	111.44	120.13
9 February 2012	114.59	120.02
16 February 2012	118.12	119.16
23 February 2012	120.74	119.73
1 March 2012	123.60	120.80
8 March 2012	123.75	120.67
15 March 2012	125.70	121.17
22 March 2012	124.41	120.77
29 March 2012	124.72	119.91
5 April 2012	123.88	119.25
12 April 2012	121.64	118.07
19 April 2012	119.72	117.39
26 April 2012	118.57	117.52
3 May 2012	119.45	117.93
10 May 2012	113.79	116.62
17 May 2012	111.99	115.41
24 May 2012	108.12	115.06
31 May 2012	106.58	113.60
7 June 2012	99.90	112.95
14 June 2012	98.74	114.40
21 June 2012	96.40	115.07
28 June 2012	91.45	113.95
5 July 2012	96.89	115.31
12 July 2012	99.59	115.16
19 July 2012	102.91	115.77
26 July 2012	105.06	115.53
2 August 2012	105.94	115.37
9 August 2012	109.37	117.05
16 August 2012	113.71	117.15
23 August 2012	114.96	118.19
30 August 2012	113.86	118.31
6 September 2012	114.38	118.13
13 September 2012	114.82	118.32
20 September 2012	114.71	118.76
27 September 2012	110.02	119.06
4 October 2012	111.65	119.20
11 October 2012	112.41	117.69
18 October 2012	114.81	116.90
25 October 2012	110.45	115.93
1 November 2012	109.12	114.59
8 November 2012	108.00	114.52
15 November 2012	108.42	114.71
22 November 2012	110.28	114.59
29 November 2012	110.45	115.40
6 December 2012	110.64	116.64
13 December 2012	108.12	116.48
20 December 2012	108.94	116.73
27 December 2012	109.44	116.46
3 January 2013	110.79	116.23
10 January 2013	111.52	116.17
17 January 2013	111.39	116.69
24 January 2013	111.74	117.37
31 January 2013	113.78	116.96
7 February 2013	116.12	117.25
14 February 2013	118.29	116.05
21 February 2013	117.42	115.25
28 February 2013	113.92	114.70
7 March 2013	111.00	115.16
14 March 2013	110.18	115.83
21 March 2013	109.08	115.79
28 March 2013	108.39	115.78
4 April 2013	109.98	115.25
11 April 2013	105.61	115.26
18 April 2013	101.37	114.66
25 April 2013	100.12	114.10
2 May 2013	102.50	114.55
9 May 2013	103.86	114.50
16 May 2013	103.06	114.10
23 May 2013	103.82	113.97
30 May 2013	101.90	113.65
6 June 2013	101.88	114.11
13 June 2013	103.18	114.60
20 June 2013	105.01	114.17
27 June 2013	101.00	113.15
4 July 2013	103.10	112.97
11 July 2013	107.41	113.24
18 July 2013	109.04	112.68
25 July 2013	109.07	113.13
1 August 2013	107.83	112.40
8 August 2013	109.14	112.35
15 August 2013	108.40	113.42
22 August 2013	110.27	113.56
29 August 2013	112.09	113.76
5 September 2013	115.13	113.47
12 September 2013	114.01	113.30
19 September 2013	110.52	113.08
26 September 2013	109.20	112.90
3 October 2013	108.48	112.46
10 October 2013	109.52	111.85
17 October 2013	110.78	111.74
24 October 2013	109.72	110.13
31 October 2013	108.28	109.99
7 November 2013	106.85	109.65
14 November 2013	105.55	109.92
21 November 2013	108.12	110.22
28 November 2013	110.13	111.01
5 December 2013	111.32	111.13
12 December 2013	110.59	111.38
19 December 2013	109.16	110.39
26 December 2013	111.13	109.46
2 January 2014	111.63	109.61
9 January 2014	107.87	109.56
16 January 2014	106.94	110.04
23 January 2014	107.19	110.34
30 January 2014	107.52	109.81
6 February 2014	106.65	110.37
13 February 2014	108.50	110.43
20 February 2014	109.53	111.90
27 February 2014	110.01	113.45
6 March 2014	109.46	115.93
13 March 2014	108.20	116.37
20 March 2014	107.19	116.87
27 March 2014	106.88	118.18
3 April 2014	106.94	118.72
10 April 2014	106.27	118.91
17 April 2014	108.32	119.72
24 April 2014	109.44	120.08
1 May 2014	109.20	120.42
8 May 2014	107.94	120.98
15 May 2014	108.71	120.60
22 May 2014	110.06	120.08
29 May 2014	110.36	119.93
5 June 2014	109.55	119.65
12 June 2014	109.50	118.93
19 June 2014	113.11	118.48
26 June 2014	114.47	119.42
3 July 2014	112.72	119.39
10 July 2014	110.30	118.68

Note: The data are weekly averages of daily data through July 10, 2014. The price of oil is the spot price of Brent crude oil, and the price of nonfuel commodities is an index of 23 primary-commodity prices.

Source: CRB Data Center: Final Markets, Commodity Research Bureau.

Return to text

Figure 8. Median Inflation Expectations

SPF Expectations for Next 10 Years

Period	Percent
2007:Q1	2.00
2007:Q2	2.00
2007:Q3	2.10
2007:Q4	2.10
2008:Q1	2.20
2008:Q2	2.20
2008:Q3	2.20
2008:Q4	2.20
2009:Q1	2.20
2009:Q2	2.28
2009:Q3	2.15
2009:Q4	2.10
2010:Q1	2.10
2010:Q2	2.15
2010:Q3	2.11
2010:Q4	2.00
2011:Q1	2.10
2011:Q2	2.27
2011:Q3	2.25
2011:Q4	2.16
2012:Q1	2.15
2012:Q2	2.20
2012:Q3	2.20
2012:Q4	2.10
2013:Q1	2.00
2013:Q2	2.00
2013:Q3	2.00
2013:Q4	2.00
2014:Q1	2.00
2014:Q2	2.00

Note: The SPF data for inflation expectations for personal consumption expenditures are quarterly and extend from 2007:Q1 through 2014:Q2.

Source: Survey of Professional Forecasters (SPF).

Michigan Survey Expectations for Next 5 to 10 Years

Period	Percent
January 2001	2.9
February 2001	3.0
March 2001	3.0
April 2001	3.1
May 2001	3.0
June 2001	3.0
July 2001	2.9
August 2001	3.0
September 2001	2.9
October 2001	2.7
November 2001	2.8
December 2001	3.0
January 2002	2.7
February 2002	2.8
March 2002	2.8
April 2002	2.8
May 2002	3.0
June 2002	2.8
July 2002	2.8
August 2002	2.9
September 2002	2.5
October 2002	2.8
November 2002	2.8
December 2002	2.8
January 2003	2.7
February 2003	2.7
March 2003	2.8
April 2003	2.7
May 2003	2.8
June 2003	2.7
July 2003	2.7
August 2003	2.7
September 2003	2.7
October 2003	2.8
November 2003	2.7
December 2003	2.8
January 2004	2.8
February 2004	2.9
March 2004	2.9
April 2004	2.7
May 2004	2.8
June 2004	2.9
July 2004	2.8
August 2004	2.7
September 2004	2.8
October 2004	2.8
November 2004	2.7
December 2004	2.8
January 2005	2.7
February 2005	2.8
March 2005	2.9
April 2005	3.0
May 2005	2.9
June 2005	2.8
July 2005	2.9
August 2005	2.8
September 2005	3.1
October 2005	3.2
November 2005	3.0
December 2005	3.1
January 2006	2.9
February 2006	2.9
March 2006	2.9
April 2006	3.1
May 2006	3.2
June 2006	2.9
July 2006	2.9
August 2006	3.2
September 2006	3.0
October 2006	3.1
November 2006	3.0
December 2006	3.0
January 2007	3.0
February 2007	2.9
March 2007	2.9
April 2007	3.1
May 2007	3.1
June 2007	2.9
July 2007	3.1
August 2007	2.9
September 2007	2.9
October 2007	2.8
November 2007	2.9
December 2007	3.1
January 2008	3.0
February 2008	3.0
March 2008	2.9
April 2008	3.2
May 2008	3.4
June 2008	3.4
July 2008	3.2
August 2008	3.2
September 2008	3.0
October 2008	2.9
November 2008	2.9
December 2008	2.6
January 2009	2.9
February 2009	3.1
March 2009	2.6
April 2009	2.8
May 2009	2.9
June 2009	3.0
July 2009	3.0
August 2009	2.8
September 2009	2.8
October 2009	2.9
November 2009	3.0
December 2009	2.7
January 2010	2.9
February 2010	2.7
March 2010	2.7
April 2010	2.7
May 2010	2.9
June 2010	2.8
July 2010	2.9
August 2010	2.8
September 2010	2.7
October 2010	2.8
November 2010	2.8
December 2010	2.8
January 2011	2.9
February 2011	2.9
March 2011	3.2
April 2011	2.9
May 2011	2.9
June 2011	3.0
July 2011	2.9
August 2011	2.9
September 2011	2.8
October 2011	2.7
November 2011	2.7
December 2011	2.7
January 2012	2.7
February 2012	2.9
March 2012	3.0
April 2012	2.9
May 2012	2.7
June 2012	2.8
July 2012	2.7
August 2012	3.0
September 2012	2.8
October 2012	2.7
November 2012	2.8
December 2012	2.9
January 2013	2.9
February 2013	3.0
March 2013	2.8
April 2013	2.9
May 2013	2.9
June 2013	2.9
July 2013	2.8
August 2013	2.9
September 2013	3.0
October 2013	2.8
November 2013	2.9
December 2013	2.7
January 2014	2.9
February 2014	2.9
March 2014	2.9
April 2014	2.9
May 2014	2.8
June 2014	2.9

Note: The Michigan survey data are monthly.

Source: Thomson Reuters/University of Michigan Surveys of Consumers.

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Figure 9. Inflation Compensation

Series: Inflation compensation, 5-year (carry adjusted) and 5 to 10 years ahead

Horizon: 2001 to 2014

Description: Data are plotted as two curves. Units are percent. The curves cross at various points in 2005. There is a horizontal zero line.

The 5-year (carry adjusted) series starts at the beginning of 2001 at about 1.3 and increases to about 2 by Q2 before dipping below 1.2 in the beginning of 2002. The series rises and falls again between 1.2 and 2 from 2002:Q1 to 2002:Q4. The series then steadily increases to around 2.6 by mid-2005 before declining slightly over Q3 and then increasing to around 2.6 by the beginning of 2006. The series generally remains around this level until early 2008, when it falls slightly to around 1.8; by mid-2008, it increases to around 2.5. It then falls to about negative 1.5 over the second half of 2008 and finishes the year at about negative 1. The series gradually increases in 2009; it returns to positive in early 2009 and, after briefly dipping slightly below 0, reaches about 1.5 by mid-2009, ending the year around 2. In 2010, the series generally falls through the first three quarters to about 1 but ends the year at around 1.9. In early 2011, the series rises slightly to about 2.25 and then falls to about 1.5 by Q3. It ends the year at around 1.75. In early 2012, the series increases to around 2 before decreasing to about 1.75 and then generally rising to end the year at around 2.5. The series falls to about 2 by Q2 of 2013 and stays at this level for the rest of the year and the first half of 2014, ending on July 10, 2014.

The 5-to-10-years-ahead series starts at the beginning of 2001 around 2 and rises steadily to about 3 by 2002:Q2. It then dips to 2.3 in 2003:Q2 but reaches back up to 3 by Q3, where it stays until the beginning of 2004. The series falls gradually to about 2.8 by the end of 2004:Q1 before rising to about 3.3 by mid-2004. It then falls to about 2.75 by Q3 and ends 2004 at about 3. It falls to around 2.5 by mid-2005 and generally remains at that level until around late 2008, when it first jumps to about 3.5 before quickly falling to about 2 by the end of 2008. The series generally increases through 2009 and ends the year around 3.25. In 2010, the series gradually falls to about 2 by Q3 and then increases slightly to end the year around 3. In early 2011, the series falls to just under 3, is about 2.3 by Q3, and ends the year around 2.5. The series generally rises in 2012 and ends just under 3. It remains around this level until mid-2013, when it drops to about 2.5. The series generally stays at this level through the first half of 2014, ending on July 10, 2014.

Note: The data are daily. Inflation compensation is the difference between yields on nominal Treasury securities and Treasury Inflation-Protected Securities (TIPS) of comparable maturities, based on yield curves fitted to off-the-run nominal Treasury securities and on- and off-the-run TIPS. The 5-year measure is adjusted for the effect of indexation lags.

Source: Federal Reserve Bank of New York; Barclays TIPS Pricing; Federal Reserve Board staff estimates.

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Figure 10. Change in Real Gross Domestic Product and Gross Domestic Income

Percent, annual rate

Period	Gross domestic product	Gross domestic income
2008	-2.81	-2.23
2009	-0.24	0.34
2010	2.77	2.51
2011	2.01	2.27
2012	1.95	2.61
2013:H1	1.81	2.83
2013:H2	3.38	2.19
2014:Q1	-2.93	-2.61

Source: Department of Commerce, Bureau of Economic Analysis.

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Figure 11. Change in Real Imports and Exports of Goods and Services

Percent, annual rate

Period	Imports	Exports
2008	-5.88	-2.89
2009	-6.21	0.41
2010	11.66	9.76
2011	3.54	4.57
2012	0.11	2.36
2013:H1	3.72	3.22
2013:H2	1.95	6.63
2014:Q1	1.80	-8.87

Source: Department of Commerce, Bureau of Economic Analysis.

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Figure 12. U.S. Trade and Current Account Balances

Quarterly
Percent of nominal GDP

Period	Trade	Current account
1995:Q1	-1.47	-1.67
1995:Q2	-1.54	-1.68
1995:Q3	-1.05	-1.40
1995:Q4	-0.97	-1.19
1996:Q1	-1.19	-1.39
1996:Q2	-1.26	-1.48
1996:Q3	-1.50	-1.77
1996:Q4	-1.18	-1.52
1997:Q1	-1.41	-1.72
1997:Q2	-1.11	-1.35
1997:Q3	-1.16	-1.51
1997:Q4	-1.37	-1.96
1998:Q1	-1.59	-1.98
1998:Q2	-1.84	-2.28
1998:Q3	-1.96	-2.58
1998:Q4	-1.92	-2.61
1999:Q1	-2.23	-2.65
1999:Q2	-2.58	-2.92
1999:Q3	-2.85	-3.24
1999:Q4	-3.02	-3.39
2000:Q1	-3.51	-3.86
2000:Q2	-3.48	-3.84
2000:Q3	-3.69	-4.12
2000:Q4	-3.79	-4.14
2001:Q1	-3.69	-4.07
2001:Q2	-3.30	-3.61
2001:Q3	-3.36	-3.93
2001:Q4	-3.27	-3.28
2002:Q1	-3.41	-3.84
2002:Q2	-3.75	-4.21
2002:Q3	-3.84	-4.16
2002:Q4	-4.25	-4.47
2003:Q1	-4.40	-4.81
2003:Q2	-4.31	-4.55
2003:Q3	-4.23	-4.48
2003:Q4	-4.24	-4.29
2004:Q1	-4.51	-4.59
2004:Q2	-4.94	-5.15
2004:Q3	-5.05	-5.16
2004:Q4	-5.36	-5.73
2005:Q1	-5.17	-5.30
2005:Q2	-5.29	-5.53
2005:Q3	-5.49	-5.64
2005:Q4	-5.85	-6.27
2006:Q1	-5.63	-5.80
2006:Q2	-5.54	-5.86
2006:Q3	-5.73	-6.21
2006:Q4	-5.09	-5.41
2007:Q1	-5.00	-5.59
2007:Q2	-4.97	-5.24
2007:Q3	-4.80	-4.69
2007:Q4	-4.72	-4.34
2008:Q1	-5.06	-4.95
2008:Q2	-5.03	-4.78
2008:Q3	-5.10	-4.75
2008:Q4	-4.05	-4.16
2009:Q1	-2.64	-2.69
2009:Q2	-2.27	-2.46
2009:Q3	-2.74	-2.60
2009:Q4	-2.99	-2.82
2010:Q1	-3.22	-2.97
2010:Q2	-3.46	-3.08
2010:Q3	-3.44	-3.15
2010:Q4	-3.11	-2.68
2011:Q1	-3.52	-3.11
2011:Q2	-3.59	-3.12
2011:Q3	-3.43	-2.77
2011:Q4	-3.58	-2.84
2012:Q1	-3.60	-3.09
2012:Q2	-3.42	-2.94
2012:Q3	-3.14	-2.74
2012:Q4	-3.08	-2.58
2013:Q1	-2.93	-2.55
2013:Q2	-2.92	-2.55
2013:Q3	-2.87	-2.40
2013:Q4	-2.63	-2.04
2014:Q1	-2.98	-2.61

Source: Department of Commerce, Bureau of Economic Analysis.

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Figure 13. U.S. Net Financial Inflows

Billions of dollars, annual rate

Period	U.S. private (including banking)	Foreign private (including banking)	U.S. official	Foreign official
2008	866.57	-123.23	-534.46	554.63
2009	-617.95	-165.22	489.09	480.23
2010	-915.66	935.61	5.71	397.24
2011	-355.43	712.39	-119.54	243.34
2012	-209.74	162.38	80.87	397.05
2013:H1	-692.16	739.49	3.97	238.33
2013:H2	-492.07	606.26	8.16	333.84
2014:Q1	-561.07	782.64	0.39	117.69

Note: Negative numbers indicate a balance of payments outflow, generated when U.S. residents, on net, purchase foreign assets or when foreign residents, on net, sell U.S. assets. A negative number for "U.S. private" or "U.S. official" indicates an increase in U.S. residents' holdings of foreign assets. U.S. official flows include the foreign currency acquired when foreign central banks draw on their swap lines with the Federal Reserve.

Source: Department of Commerce, Bureau of Economic Analysis.

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Figure 14. Change in Real Personal Consumption Expenditures and Disposable Personal Income

Percent, annual rate

Period	Personal consumption expenditures	Disposable personal income
2008	-1.97	1.12
2009	-0.12	-0.64
2010	3.09	2.55
2011	2.01	1.39
2012	2.04	3.62
2013:H1	2.03	-2.11
2013:H2	2.63	1.82
2014:H1	1.05	2.19

Note: The reading for 2014:H1 is the annualized May/Q4 change.

Source: Department of Commerce, Bureau of Economic Analysis.

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Figure 15. Prices of Existing Single-Family Houses

Monthly
Peak = 100

Period	S&P/Case-Shiller 20-city index	FHFA index	CoreLogic price index
January 2003	66.05	74.32	66.14
February 2003	66.53	74.78	66.57
March 2003	66.98	75.05	67.05
April 2003	67.39	75.51	67.47
May 2003	67.83	75.91	67.96
June 2003	68.21	76.28	68.46
July 2003	68.79	76.85	69.05
August 2003	69.47	77.42	69.80
September 2003	70.31	78.05	70.54
October 2003	71.14	78.51	71.29
November 2003	72.03	79.12	72.07
December 2003	72.97	79.76	72.81
January 2004	73.87	80.34	73.88
February 2004	74.80	80.96	74.81
March 2004	75.97	81.47	75.94
April 2004	77.12	82.17	76.87
May 2004	78.29	82.96	77.94
June 2004	79.53	83.81	79.07
July 2004	80.53	84.52	80.04
August 2004	81.33	85.12	80.82
September 2004	82.11	85.78	81.66
October 2004	82.90	86.40	82.61
November 2004	83.77	87.24	83.58
December 2004	84.74	87.97	84.55
January 2005	85.93	88.61	86.03
February 2005	87.25	89.24	87.49
March 2005	88.71	90.16	89.43
April 2005	89.78	90.94	90.38
May 2005	90.77	91.67	91.43
June 2005	91.73	92.45	92.55
July 2005	92.63	93.37	93.56
August 2005	93.56	94.07	94.49
September 2005	94.68	94.94	95.49
October 2005	95.77	95.49	96.22
November 2005	96.86	96.11	96.96
December 2005	97.85	96.67	97.66
January 2006	98.63	97.35	98.53
February 2006	99.40	97.53	99.12
March 2006	99.87	97.94	100.00
April 2006	100.00	98.10	99.61
May 2006	99.94	98.40	99.34
June 2006	99.61	98.36	98.84
July 2006	99.19	98.40	98.37
August 2006	98.75	98.66	98.08
September 2006	98.53	98.63	98.17
October 2006	98.50	98.81	98.33
November 2006	98.56	99.09	98.39
December 2006	98.47	99.20	98.52
January 2007	98.61	99.55	98.01
February 2007	98.77	99.51	97.57
March 2007	98.87	100.00	97.10
April 2007	98.17	100.00	96.30
May 2007	97.28	99.52	95.41
June 2007	96.24	99.15	94.52
July 2007	95.27	98.71	93.64
August 2007	94.28	98.31	92.71
September 2007	93.46	97.90	91.86
October 2007	92.42	97.16	90.87
November 2007	90.93	96.54	89.85
December 2007	89.57	96.12	89.12
January 2008	88.14	95.22	88.14
February 2008	86.41	94.78	86.92
March 2008	84.99	93.94	85.65
April 2008	83.44	92.90	84.16
May 2008	82.04	91.91	83.01
June 2008	80.91	91.34	81.91
July 2008	79.56	90.54	80.80
August 2008	78.41	89.71	79.76
September 2008	76.99	88.89	78.63
October 2008	75.62	88.00	77.34
November 2008	74.35	86.52	76.01
December 2008	72.92	86.46	74.71
January 2009	71.47	87.31	73.09
February 2009	70.47	87.45	72.09
March 2009	69.34	86.47	71.37
April 2009	68.52	85.92	70.95
May 2009	68.14	85.71	71.13
June 2009	68.38	85.65	71.42
July 2009	68.83	85.44	71.70
August 2009	69.37	85.28	71.89
September 2009	69.69	85.13	71.94
October 2009	70.03	85.43	72.07
November 2009	70.36	85.70	72.36
December 2009	70.75	84.73	72.37
January 2010	71.10	84.93	72.56
February 2010	71.10	84.33	72.34
March 2010	71.14	84.46	72.65
April 2010	71.23	84.51	72.68
May 2010	71.27	84.62	72.62
June 2010	71.17	83.59	72.20
July 2010	70.80	83.02	71.62
August 2010	70.33	83.01	71.02
September 2010	69.88	82.20	70.51
October 2010	69.43	82.30	70.27
November 2010	69.27	82.01	70.13
December 2010	69.14	81.52	69.87
January 2011	69.00	81.10	69.76
February 2011	68.77	80.28	69.39
March 2011	68.42	79.50	68.96
April 2011	68.25	79.60	68.77
May 2011	68.00	79.45	68.65
June 2011	67.94	79.79	68.58
July 2011	67.81	79.97	68.62
August 2011	67.60	79.80	68.55
September 2011	67.31	80.18	68.56
October 2011	66.96	79.76	68.48
November 2011	66.64	80.18	68.31
December 2011	66.41	80.47	68.04
January 2012	66.38	80.31	68.79
February 2012	66.39	80.63	69.20
March 2012	66.69	81.37	69.74
April 2012	67.03	81.94	70.15
May 2012	67.61	82.40	70.71
June 2012	68.27	82.71	71.09
July 2012	68.53	82.85	71.52
August 2012	68.89	83.24	72.01
September 2012	69.31	83.54	72.48
October 2012	69.83	84.16	73.00
November 2012	70.37	84.63	73.77
December 2012	71.10	85.06	74.15
January 2013	71.81	85.65	75.37
February 2013	72.60	86.47	76.08
March 2013	73.84	87.48	77.08
April 2013	75.03	87.86	77.93
May 2013	75.76	88.70	78.82
June 2013	76.42	89.27	79.07
July 2013	76.93	89.89	79.57
August 2013	77.69	90.27	80.21
September 2013	78.49	90.48	80.92
October 2013	79.34	90.96	81.66
November 2013	80.04	90.90	82.35
December 2013	80.64	91.58	82.43
January 2014	81.31	91.94	84.04
February 2014	81.94	92.41	85.06
March 2014	82.96	93.06	85.46
April 2014	83.12	93.07	85.63
May 2014	ND	ND	85.74

Note: The S&P/Case-Shiller and FHFA data extend through April 2014. The CoreLogic data extend through May.

Source: Federal Housing Finance Agency (FHFA); Case-Shiller data via S&P Capital IQ Solutions' Capital IQ Platform; staff calculations based on data provided by CoreLogic.

ND No data. Return to table

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Figure 16. Wealth-to-Income Ratio

Quarterly

Period	Ratio
1994:Q1	5.07
1994:Q2	5.03
1994:Q3	5.04
1994:Q4	4.99
1995:Q1	5.01
1995:Q2	5.08
1995:Q3	5.14
1995:Q4	5.20
1996:Q1	5.23
1996:Q2	5.23
1996:Q3	5.22
1996:Q4	5.22
1997:Q1	5.21
1997:Q2	5.40
1997:Q3	5.50
1997:Q4	5.48
1998:Q1	5.64
1998:Q2	5.65
1998:Q3	5.44
1998:Q4	5.74
1999:Q1	5.77
1999:Q2	5.92
1999:Q3	5.82
1999:Q4	6.14
2000:Q1	6.15
2000:Q2	6.02
2000:Q3	6.00
2000:Q4	5.83
2001:Q1	5.62
2001:Q2	5.76
2001:Q3	5.45
2001:Q4	5.70
2002:Q1	5.64
2002:Q2	5.44
2002:Q3	5.28
2002:Q4	5.38
2003:Q1	5.36
2003:Q2	5.50
2003:Q3	5.50
2003:Q4	5.71
2004:Q1	5.88
2004:Q2	5.92
2004:Q3	5.96
2004:Q4	6.13
2005:Q1	6.30
2005:Q2	6.36
2005:Q3	6.44
2005:Q4	6.50
2006:Q1	6.55
2006:Q2	6.47
2006:Q3	6.47
2006:Q4	6.61
2007:Q1	6.59
2007:Q2	6.58
2007:Q3	6.53
2007:Q4	6.36
2008:Q1	6.03
2008:Q2	5.72
2008:Q3	5.58
2008:Q4	5.23
2009:Q1	5.12
2009:Q2	5.16
2009:Q3	5.32
2009:Q4	5.36
2010:Q1	5.42
2010:Q2	5.29
2010:Q3	5.39
2010:Q4	5.55
2011:Q1	5.57
2011:Q2	5.56
2011:Q3	5.30
2011:Q4	5.44
2012:Q1	5.55
2012:Q2	5.52
2012:Q3	5.69
2012:Q4	5.66
2013:Q1	6.00
2013:Q2	6.07
2013:Q3	6.18
2013:Q4	6.36
2014:Q1	6.43

Note: The ratio is household net worth to disposable personal income.

Source: For net worth, Federal Reserve Board, flow of funds data; for income, Department of Commerce, Bureau of Economic Analysis.

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Figure 17. Household Debt Service

Quarterly

Period	Percent of disposable income
1980:Q1	10.62
1980:Q2	10.71
1980:Q3	10.46
1980:Q4	10.25
1981:Q1	10.31
1981:Q2	10.46
1981:Q3	10.36
1981:Q4	10.42
1982:Q1	10.50
1982:Q2	10.56
1982:Q3	10.46
1982:Q4	10.42
1983:Q1	10.39
1983:Q2	10.42
1983:Q3	10.42
1983:Q4	10.47
1984:Q1	10.52
1984:Q2	10.65
1984:Q3	10.76
1984:Q4	10.92
1985:Q1	11.25
1985:Q2	11.34
1985:Q3	11.63
1985:Q4	11.75
1986:Q1	11.77
1986:Q2	11.84
1986:Q3	11.94
1986:Q4	12.08
1987:Q1	11.95
1987:Q2	12.09
1987:Q3	11.96
1987:Q4	11.83
1988:Q1	11.77
1988:Q2	11.76
1988:Q3	11.71
1988:Q4	11.59
1989:Q1	11.58
1989:Q2	11.75
1989:Q3	11.81
1989:Q4	11.77
1990:Q1	11.66
1990:Q2	11.63
1990:Q3	11.60
1990:Q4	11.62
1991:Q1	11.60
1991:Q2	11.46
1991:Q3	11.35
1991:Q4	11.15
1992:Q1	10.87
1992:Q2	10.69
1992:Q3	10.55
1992:Q4	10.48
1993:Q1	10.43
1993:Q2	10.37
1993:Q3	10.43
1993:Q4	10.39
1994:Q1	10.41
1994:Q2	10.47
1994:Q3	10.60
1994:Q4	10.72
1995:Q1	10.90
1995:Q2	11.10
1995:Q3	11.21
1995:Q4	11.25
1996:Q1	11.26
1996:Q2	11.29
1996:Q3	11.34
1996:Q4	11.39
1997:Q1	11.35
1997:Q2	11.35
1997:Q3	11.36
1997:Q4	11.31
1998:Q1	11.17
1998:Q2	11.19
1998:Q3	11.17
1998:Q4	11.23
1999:Q1	11.30
1999:Q2	11.45
1999:Q3	11.58
1999:Q4	11.57
2000:Q1	11.52
2000:Q2	11.68
2000:Q3	11.86
2000:Q4	12.09
2001:Q1	12.19
2001:Q2	12.41
2001:Q3	12.34
2001:Q4	12.63
2002:Q1	12.41
2002:Q2	12.34
2002:Q3	12.39
2002:Q4	12.37
2003:Q1	12.37
2003:Q2	12.27
2003:Q3	12.13
2003:Q4	12.19
2004:Q1	12.16
2004:Q2	12.10
2004:Q3	12.21
2004:Q4	12.22
2005:Q1	12.53
2005:Q2	12.53
2005:Q3	12.56
2005:Q4	12.58
2006:Q1	12.57
2006:Q2	12.68
2006:Q3	12.78
2006:Q4	12.85
2007:Q1	12.88
2007:Q2	12.96
2007:Q3	13.06
2007:Q4	13.18
2008:Q1	13.05
2008:Q2	12.68
2008:Q3	12.78
2008:Q4	12.74
2009:Q1	12.66
2009:Q2	12.31
2009:Q3	12.15
2009:Q4	11.88
2010:Q1	11.65
2010:Q2	11.34
2010:Q3	11.15
2010:Q4	10.98
2011:Q1	10.75
2011:Q2	10.66
2011:Q3	10.55
2011:Q4	10.47
2012:Q1	10.30
2012:Q2	10.22
2012:Q3	10.22
2012:Q4	9.98
2013:Q1	10.12
2013:Q2	10.02
2013:Q3	9.95
2013:Q4	9.98
2014:Q1	9.94

Note: Debt service payments consist of estimated required payments on outstanding mortgage and consumer debt. On July 30, 2014, the data in figure 17 were corrected to extend through 2014:Q1, as originally noted.

Source: Federal Reserve Board, statistical release, "Household Debt Service and Financial Obligations Ratios."

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Figure 18. Changes in Household Debt

Billions of dollars, monthly rate

Period	Mortgages	Consumer credit	Sum
2007	701.36	153.83	855.18
2008	-32.44	34.91	2.48
2009	-161.37	-97.83	-259.20
2010	-504.89	94.61	-410.29
2011	-215.14	108.51	-106.63
2012	-215.80	167.67	-48.13
2013	-95.58	173.77	78.19
2014:Q1	-82.88	179.85	96.97

Note: Changes are calculated from year-end to year-end.

Source: Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States."

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Figure 19. Consumer Sentiment Indexes

Monthly
Index

Period	Real income expectations	Consumer sentiment
December 1978	-1.22	-0.46
January 1979	-1.29	-0.54
February 1979	-1.41	-0.61
March 1979	-1.46	-0.68
April 1979	-1.57	-0.78
May 1979	-1.62	-0.88
June 1979	-1.71	-0.98
July 1979	-1.75	-1.13
August 1979	-1.82	-1.22
September 1979	-1.86	-1.32
October 1979	-1.88	-1.43
November 1979	-1.93	-1.51
December 1979	-1.96	-1.54
January 1980	-1.98	-1.58
February 1980	-1.98	-1.63
March 1980	-2.02	-1.71
April 1980	-1.94	-1.80
May 1980	-1.97	-1.91
June 1980	-1.83	-1.96
July 1980	-1.74	-1.94
August 1980	-1.72	-1.92
September 1980	-1.62	-1.88
October 1980	-1.53	-1.79
November 1980	-1.41	-1.70
December 1980	-1.37	-1.68
January 1981	-1.23	-1.65
February 1981	-1.18	-1.65
March 1981	-1.04	-1.58
April 1981	-1.00	-1.44
May 1981	-0.83	-1.28
June 1981	-0.79	-1.18
July 1981	-0.70	-1.10
August 1981	-0.61	-1.04
September 1981	-0.60	-1.04
October 1981	-0.59	-1.07
November 1981	-0.64	-1.17
December 1981	-0.54	-1.17
January 1982	-0.47	-1.17
February 1982	-0.36	-1.17
March 1982	-0.31	-1.20
April 1982	-0.23	-1.25
May 1982	-0.20	-1.31
June 1982	-0.17	-1.36
July 1982	-0.19	-1.42
August 1982	-0.19	-1.50
September 1982	-0.12	-1.52
October 1982	-0.03	-1.50
November 1982	0.08	-1.44
December 1982	0.17	-1.39
January 1983	0.16	-1.39
February 1983	0.14	-1.34
March 1983	0.22	-1.21
April 1983	0.30	-1.05
May 1983	0.37	-0.88
June 1983	0.42	-0.70
July 1983	0.51	-0.51
August 1983	0.58	-0.34
September 1983	0.62	-0.20
October 1983	0.61	-0.09
November 1983	0.67	0.03
December 1983	0.67	0.19
January 1984	0.77	0.39
February 1984	0.89	0.54
March 1984	0.94	0.68
April 1984	0.94	0.72
May 1984	0.91	0.76
June 1984	0.95	0.78
July 1984	0.95	0.80
August 1984	1.07	0.86
September 1984	1.14	0.93
October 1984	1.26	0.98
November 1984	1.26	1.01
December 1984	1.28	1.00
January 1985	1.24	0.98
February 1985	1.13	0.95
March 1985	1.08	0.90
April 1985	1.10	0.89
May 1985	1.08	0.85
June 1985	1.04	0.85
July 1985	1.03	0.84
August 1985	0.93	0.79
September 1985	0.89	0.73
October 1985	0.81	0.68
November 1985	0.77	0.65
December 1985	0.76	0.65
January 1986	0.79	0.65
February 1986	0.80	0.67
March 1986	0.83	0.68
April 1986	0.82	0.69
May 1986	0.85	0.71
June 1986	0.87	0.73
July 1986	0.94	0.75
August 1986	0.96	0.77
September 1986	0.96	0.77
October 1986	1.00	0.81
November 1986	1.04	0.82
December 1986	1.00	0.79
January 1987	0.97	0.75
February 1987	0.97	0.71
March 1987	0.91	0.68
April 1987	0.90	0.66
May 1987	0.85	0.63
June 1987	0.75	0.58
July 1987	0.65	0.56
August 1987	0.62	0.55
September 1987	0.55	0.56
October 1987	0.54	0.52
November 1987	0.51	0.46
December 1987	0.47	0.45
January 1988	0.45	0.45
February 1988	0.48	0.46
March 1988	0.55	0.49
April 1988	0.54	0.48
May 1988	0.55	0.50
June 1988	0.60	0.52
July 1988	0.62	0.52
August 1988	0.63	0.54
September 1988	0.75	0.57
October 1988	0.71	0.60
November 1988	0.72	0.67
December 1988	0.69	0.70
January 1989	0.67	0.75
February 1989	0.63	0.77
March 1989	0.54	0.77
April 1989	0.50	0.77
May 1989	0.49	0.75
June 1989	0.40	0.72
July 1989	0.36	0.71
August 1989	0.34	0.66
September 1989	0.22	0.65
October 1989	0.21	0.64
November 1989	0.20	0.63
December 1989	0.23	0.62
January 1990	0.21	0.59
February 1990	0.20	0.55
March 1990	0.23	0.53
April 1990	0.27	0.54
May 1990	0.30	0.54
June 1990	0.35	0.53
July 1990	0.40	0.50
August 1990	0.30	0.41
September 1990	0.24	0.26
October 1990	0.06	0.06
November 1990	-0.03	-0.11
December 1990	-0.12	-0.28
January 1991	-0.11	-0.46
February 1991	-0.18	-0.59
March 1991	-0.20	-0.61
April 1991	-0.29	-0.69
May 1991	-0.41	-0.78
June 1991	-0.43	-0.82
July 1991	-0.49	-0.85
August 1991	-0.47	-0.82
September 1991	-0.39	-0.75
October 1991	-0.29	-0.65
November 1991	-0.27	-0.63
December 1991	-0.21	-0.61
January 1992	-0.25	-0.61
February 1992	-0.21	-0.62
March 1992	-0.23	-0.70
April 1992	-0.13	-0.73
May 1992	-0.05	-0.72
June 1992	0.02	-0.73
July 1992	0.01	-0.78
August 1992	-0.01	-0.82
September 1992	-0.01	-0.87
October 1992	0.07	-0.90
November 1992	0.15	-0.79
December 1992	0.22	-0.64
January 1993	0.29	-0.49
February 1993	0.33	-0.37
March 1993	0.34	-0.30
April 1993	0.24	-0.24
May 1993	0.24	-0.24
June 1993	0.14	-0.23
July 1993	0.16	-0.23
August 1993	0.20	-0.22
September 1993	0.21	-0.20
October 1993	0.15	-0.14
November 1993	0.07	-0.17
December 1993	0.03	-0.19
January 1994	0.02	-0.15
February 1994	0.07	-0.11
March 1994	0.08	-0.07
April 1994	0.13	-0.02
May 1994	0.14	0.06
June 1994	0.20	0.13
July 1994	0.19	0.21
August 1994	0.19	0.30
September 1994	0.14	0.40
October 1994	0.14	0.46
November 1994	0.19	0.53
December 1994	0.18	0.58
January 1995	0.19	0.60
February 1995	0.15	0.62
March 1995	0.12	0.61
April 1995	0.15	0.61
May 1995	0.14	0.59
June 1995	0.14	0.60
July 1995	0.20	0.63
August 1995	0.25	0.66
September 1995	0.30	0.65
October 1995	0.33	0.63
November 1995	0.28	0.61
December 1995	0.30	0.58
January 1996	0.26	0.52
February 1996	0.26	0.48
March 1996	0.33	0.50
April 1996	0.29	0.50
May 1996	0.27	0.50
June 1996	0.24	0.50
July 1996	0.24	0.50
August 1996	0.26	0.49
September 1996	0.26	0.53
October 1996	0.29	0.58
November 1996	0.38	0.65
December 1996	0.39	0.69
January 1997	0.43	0.74
February 1997	0.46	0.82
March 1997	0.43	0.86
April 1997	0.48	0.92
May 1997	0.52	1.01
June 1997	0.58	1.10
July 1997	0.55	1.18
August 1997	0.55	1.24
September 1997	0.58	1.32
October 1997	0.63	1.38
November 1997	0.63	1.43
December 1997	0.70	1.47
January 1998	0.76	1.53
February 1998	0.86	1.60
March 1998	0.91	1.65
April 1998	0.98	1.70
May 1998	1.00	1.72
June 1998	1.08	1.73
July 1998	1.15	1.71
August 1998	1.26	1.71
September 1998	1.38	1.68
October 1998	1.39	1.62
November 1998	1.39	1.59
December 1998	1.35	1.58
January 1999	1.32	1.56
February 1999	1.32	1.55
March 1999	1.38	1.54
April 1999	1.30	1.51
May 1999	1.32	1.52
June 1999	1.31	1.53
July 1999	1.35	1.53
August 1999	1.24	1.53
September 1999	1.18	1.58
October 1999	1.19	1.62
November 1999	1.24	1.65
December 1999	1.29	1.68
January 2000	1.36	1.73
February 2000	1.36	1.76
March 2000	1.31	1.76
April 2000	1.39	1.80
May 2000	1.41	1.82
June 2000	1.40	1.82
July 2000	1.36	1.83
August 2000	1.44	1.85
September 2000	1.42	1.85
October 2000	1.40	1.87
November 2000	1.36	1.87
December 2000	1.38	1.82
January 2001	1.32	1.70
February 2001	1.31	1.56
March 2001	1.28	1.46
April 2001	1.22	1.32
May 2001	1.15	1.19
June 2001	1.12	1.10
July 2001	1.12	0.99
August 2001	1.11	0.89
September 2001	1.08	0.72
October 2001	1.09	0.56
November 2001	1.08	0.40
December 2001	1.09	0.34
January 2002	1.14	0.32
February 2002	1.13	0.33
March 2002	1.16	0.35
April 2002	1.21	0.38
May 2002	1.24	0.42
June 2002	1.23	0.42
July 2002	1.19	0.39
August 2002	1.18	0.36
September 2002	1.20	0.39
October 2002	1.18	0.38
November 2002	1.19	0.38
December 2002	1.16	0.36
January 2003	1.09	0.29
February 2003	0.99	0.22
March 2003	0.95	0.10
April 2003	0.92	0.05
May 2003	0.92	0.02
June 2003	0.95	0.00
July 2003	0.97	0.02
August 2003	0.91	0.03
September 2003	0.91	0.04
October 2003	0.92	0.10
November 2003	0.93	0.17
December 2003	0.87	0.20
January 2004	0.91	0.35
February 2004	0.95	0.45
March 2004	0.95	0.57
April 2004	0.89	0.63
May 2004	0.81	0.61
June 2004	0.77	0.65
July 2004	0.73	0.69
August 2004	0.70	0.74
September 2004	0.64	0.78
October 2004	0.56	0.79
November 2004	0.47	0.79
December 2004	0.51	0.82
January 2005	0.42	0.76
February 2005	0.42	0.76
March 2005	0.37	0.74
April 2005	0.31	0.69
May 2005	0.30	0.67
June 2005	0.27	0.68
July 2005	0.26	0.67
August 2005	0.21	0.63
September 2005	0.16	0.51
October 2005	0.10	0.39
November 2005	0.05	0.32
December 2005	0.02	0.28
January 2006	-0.04	0.25
February 2006	-0.11	0.20
March 2006	-0.15	0.18
April 2006	-0.09	0.17
May 2006	-0.13	0.12
June 2006	-0.19	0.05
July 2006	-0.20	-0.03
August 2006	-0.17	-0.08
September 2006	-0.13	-0.02
October 2006	0.02	0.11
November 2006	0.09	0.18
December 2006	0.09	0.18
January 2007	0.15	0.22
February 2007	0.20	0.25
March 2007	0.22	0.25
April 2007	0.19	0.24
May 2007	0.22	0.31
June 2007	0.22	0.31
July 2007	0.18	0.35
August 2007	0.11	0.36
September 2007	0.03	0.34
October 2007	-0.10	0.26
November 2007	-0.11	0.15
December 2007	-0.19	0.04
January 2008	-0.24	-0.09
February 2008	-0.35	-0.22
March 2008	-0.42	-0.35
April 2008	-0.56	-0.52
May 2008	-0.64	-0.71
June 2008	-0.80	-0.90
July 2008	-0.87	-1.10
August 2008	-0.95	-1.24
September 2008	-0.94	-1.33
October 2008	-1.01	-1.48
November 2008	-1.12	-1.63
December 2008	-1.21	-1.73
January 2009	-1.28	-1.85
February 2009	-1.27	-1.94
March 2009	-1.31	-2.03
April 2009	-1.25	-2.01
May 2009	-1.27	-1.95
June 2009	-1.18	-1.85
July 2009	-1.19	-1.82
August 2009	-1.16	-1.80
September 2009	-1.17	-1.78
October 2009	-1.20	-1.69
November 2009	-1.22	-1.61
December 2009	-1.16	-1.53
January 2010	-1.18	-1.44
February 2010	-1.23	-1.32
March 2010	-1.21	-1.21
April 2010	-1.24	-1.16
May 2010	-1.23	-1.13
June 2010	-1.21	-1.09
July 2010	-1.25	-1.08
August 2010	-1.28	-1.06
September 2010	-1.29	-1.10
October 2010	-1.27	-1.12
November 2010	-1.25	-1.09
December 2010	-1.29	-1.07
January 2011	-1.35	-1.08
February 2011	-1.38	-1.05
March 2011	-1.46	-1.09
April 2011	-1.52	-1.11
May 2011	-1.60	-1.10
June 2011	-1.70	-1.13
July 2011	-1.66	-1.16
August 2011	-1.70	-1.25
September 2011	-1.82	-1.31
October 2011	-1.86	-1.35
November 2011	-1.95	-1.41
December 2011	-2.00	-1.44
January 2012	-2.00	-1.43
February 2012	-1.98	-1.45
March 2012	-1.95	-1.39
April 2012	-1.94	-1.34
May 2012	-1.86	-1.31
June 2012	-1.86	-1.30
July 2012	-1.89	-1.24
August 2012	-1.89	-1.12
September 2012	-1.84	-0.99
October 2012	-1.82	-0.84
November 2012	-1.75	-0.71
December 2012	-1.75	-0.69
January 2013	-1.72	-0.70
February 2013	-1.74	-0.69
March 2013	-1.70	-0.67
April 2013	-1.64	-0.67
May 2013	-1.63	-0.63
June 2013	-1.52	-0.56
July 2013	-1.46	-0.47
August 2013	-1.38	-0.42
September 2013	-1.37	-0.43
October 2013	-1.32	-0.49
November 2013	-1.34	-0.54
December 2013	-1.29	-0.48
January 2014	-1.22	-0.43
February 2014	-1.14	-0.40
March 2014	-1.15	-0.39
April 2014	-1.17	-0.34
May 2014	-1.18	-0.36
June 2014	-1.16	-0.37

Note: Data are 12-month moving averages. Average values since 1978 equal zero. Real income expectations are calculated as the net percent of survey respondents expecting family income to go up more than prices during the next year or two.

Source: Thomson Reuters/University of Michigan Surveys of Consumers.

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Figure 20. Change in Real Business Fixed Investment

Percent, annual rate

Period	Structures	Equipment and intangible capital
2007	17.11	3.91
2008	-1.20	-11.76
2009	-27.11	-6.00
2010	-3.96	11.98
2011	8.34	8.70
2012	9.26	3.86
2013	-0.69	3.53
2014:Q1	-7.74	0.81

Source: Department of Commerce, Bureau of Economic Analysis.

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Figure 21. Corporate Bond Yields by Securities Rating

Series: High-yield, Triple-B, and Double-A

Horizon: 1997 to 2014

Description: Daily data are plotted as three curves. Units are percentage points. The behavior of all three curves follows a similar pattern.

The high-yield series starts at the beginning of 1997 just under 10. The series declines generally to about 8.8 in 1998:Q1 before increasing generally to about 13 by the end of 2000. The series then decreases, bottoming out around 7.3 in early 2005. It fluctuates in small increments around 8 before beginning to increase in mid-2007. At the beginning of 2008:Q4 the series jumps quickly, and it nearly reaches 20 in 2009. It then declines quickly to around 14, jumps again to about 17 in 2009:Q1, and then continues to decline generally, landing near 7 in early 2012. After increasing slightly to around 7.7 in mid-2012, the series resumes its fall, reaching below 6 in 2013:Q2. The series increases to above 7 in 2013:Q3 but then falls consistently through 2014:Q2, ending just below 6 on July 10, 2014.

The Triple-B series starts at the beginning of 1997 at about 7.5. It declines generally to about 6.5 in 1998:Q4. The series fluctuates between about 6 and about 8 until mid-2003, when it decreases generally to around 5. It gradually climbs back up to 7 by mid-2008, and then increases quickly, reaching near 10 later in that year. The series sharply declines throughout 2009, reaching about 6 by the end of the year; it then continues to decline more gradually, dipping below 4 near the end of 2012 and again in 2013:Q1. The series then increases, reaching about 4.6 in 2014:Q1 before falling to just above 4, where it ends on July 10, 2014.

The Double-A series starts at the beginning of 1997 at about 7. The series declines generally to about 5.5 in 1998:Q4 before increasing generally to about 8 in 2000:Q2. The series then decreases generally to just above 4 in mid-2003. It remains between about 5 and 6 through the beginning of 2008. Then it increases quickly, reaching about 8.5 during 2008:Q4. The series sharply declines in late 2008 and early 2009, and then continues to fall more gradually until it reaches about 2.5 by the end of 2012. The series increases through the beginning of 2014 to around 4 but then falls consistently through Q2 and the beginning of July before ending at about 3.5 on July 10, 2014.

Note: The yields shown are yields on 10-year bonds.

Source: BofA Merrill Lynch Global Research, used with permission.

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Figure 22. Selected Components of Net Financing for Nonfinancial Businesses

Billions of dollars, monthly rate

Period	Commercial paper	Bonds	Bank loans	Sum
2006	1.87	18.23	11.44	31.54
2007	0.94	26.92	19.76	47.62
2008	0.64	18.79	15.31	34.74
2009	-6.09	34.31	-28.00	0.22
2010	2.04	36.55	-8.65	29.94
2011	2.78	34.23	10.47	47.48
2012	1.17	48.30	13.84	63.31
2013:H1	0.00	47.92	7.22	55.14
2013:H2	2.37	58.79	8.79	69.95
2014:Q1	6.01	55.17	8.01	69.19

Note: The data for the components except bonds are seasonally adjusted.

Source: Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States."

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Figure 23. Change in Real Government Expenditures on Consumption and Investment

Percent, annual rate

Period	Federal	State and local
2008	8.37	0.22
2009	3.94	1.30
2010	3.25	-4.03
2011	-3.89	-2.80
2012	-2.27	-0.30
2013	-6.18	0.20
2014:Q1	0.65	-1.65

Source: Department of Commerce, Bureau of Economic Analysis.

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Figure 24. Federal Receipts and Expenditures

Annual
Percent of nominal GDP

Period	Receipts	Expenditures
1997	18.62	18.87
1998	19.23	18.45
1999	19.21	17.89
2000	19.94	17.62
2001	18.84	17.63
2002	17.03	18.48
2003	15.73	19.06
2004	15.55	18.96
2005	16.71	19.18
2006	17.59	19.40
2007	17.93	19.05
2008	17.10	20.21
2009	14.60	24.41
2010	14.62	23.37
2011	14.97	23.42
2012	15.22	21.98
2013	16.68	20.77
2014	17.27	20.42

Note: Through 2013, receipts and expenditures are for fiscal years (October to September); gross domestic product (GDP) is for the four quarters ending in Q3. For 2014, receipts and expenditures are for the 12 months ending in June, and GDP is the average of 2013:Q4 and 2014:Q1. Receipts and expenditures are on a unified-budget basis.

Source: Office of Management and Budget.

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Figure 25. Federal Government Debt Held by the Public

Annual

Period	Percent of nominal GDP
1964	37.23
1965	34.38
1966	31.87
1967	31.20
1968	30.48
1969	27.62
1970	27.26
1971	26.93
1972	25.66
1973	23.96
1974	22.53
1975	24.64
1976	26.42
1977	26.06
1978	25.50
1979	24.20
1980	25.05
1981	24.28
1982	27.54
1983	31.09
1984	32.36
1985	34.65
1986	38.00
1987	38.91
1988	39.03
1989	38.67
1990	40.28
1991	43.44
1992	45.89
1993	47.37
1994	46.98
1995	47.14
1996	46.28
1997	43.99
1998	41.26
1999	37.91
2000	33.10
2001	31.39
2002	32.30
2003	33.91
2004	34.93
2005	34.96
2006	34.86
2007	34.68
2008	39.18
2009	52.56
2010	60.02
2011	64.99
2012	69.09
2013	70.98
2014	73.88

Note: The data are for the third quarter of each year. The data for gross domestic product (GDP) are at an annual rate.

Source: Department of Commerce, Bureau of Economic Analysis; Department of the Treasury, Financial Management Service.

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Figure 26. State and Local Government Employment Change

Period	Thousands of jobs, monthly average
2008	13.42
2009	-10.83
2010	-21.50
2011	-23.83
2012	-2.75
2013:H1	1.83
2013:H2	5.50
2014:H1	12.83

Source: Department of Labor, Bureau of Labor Statistics.

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Figure 27. Change in Residential Investment

Percent, annual rate

Period	Percent change
2008	-24.32
2009	-10.80
2010	-5.19
2011	5.61
2012	15.48
2013:H1	13.36
2013:H2	0.79
2014:Q1	-4.17

Source: Department of Commerce, Bureau of Economic Analysis.

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The Slow Recovery of Housing Activity: Figure A. Private Housing Starts and Permits

Monthly
Millions of units, annual rate

Period	Multifamily starts	Single-family starts	Single-family permits
January 2005	0.41	1.74	1.65
February 2005	0.42	1.79	1.63
March 2005	0.28	1.58	1.58
April 2005	0.40	1.66	1.65
May 2005	0.31	1.71	1.64
June 2005	0.35	1.72	1.68
July 2005	0.33	1.72	1.72
August 2005	0.37	1.73	1.72
September 2005	0.36	1.79	1.80
October 2005	0.33	1.74	1.74
November 2005	0.34	1.81	1.73
December 2005	0.37	1.63	1.66
January 2006	0.45	1.82	1.69
February 2006	0.32	1.80	1.64
March 2006	0.37	1.60	1.55
April 2006	0.31	1.51	1.50
May 2006	0.37	1.57	1.45
June 2006	0.35	1.45	1.39
July 2006	0.31	1.42	1.31
August 2006	0.29	1.36	1.28
September 2006	0.34	1.38	1.22
October 2006	0.28	1.21	1.18
November 2006	0.28	1.29	1.16
December 2006	0.40	1.25	1.20
January 2007	0.28	1.13	1.17
February 2007	0.29	1.19	1.14
March 2007	0.29	1.20	1.15
April 2007	0.29	1.20	1.06
May 2007	0.29	1.13	1.04
June 2007	0.32	1.13	1.00
July 2007	0.31	1.04	0.98
August 2007	0.37	0.96	0.92
September 2007	0.25	0.94	0.86
October 2007	0.39	0.88	0.82
November 2007	0.36	0.83	0.80
December 2007	0.23	0.81	0.74
January 2008	0.31	0.77	0.71
February 2008	0.38	0.72	0.66
March 2008	0.28	0.73	0.64
April 2008	0.33	0.68	0.66
May 2008	0.29	0.68	0.63
June 2008	0.40	0.65	0.61
July 2008	0.31	0.62	0.57
August 2008	0.24	0.61	0.54
September 2008	0.28	0.54	0.53
October 2008	0.24	0.54	0.47
November 2008	0.19	0.46	0.42
December 2008	0.16	0.40	0.36
January 2009	0.13	0.36	0.34
February 2009	0.22	0.36	0.38
March 2009	0.15	0.35	0.36
April 2009	0.09	0.39	0.39
May 2009	0.13	0.41	0.43
June 2009	0.10	0.48	0.46
July 2009	0.09	0.51	0.49
August 2009	0.10	0.49	0.49
September 2009	0.08	0.51	0.48
October 2009	0.06	0.48	0.47
November 2009	0.09	0.50	0.48
December 2009	0.10	0.48	0.51
January 2010	0.10	0.51	0.50
February 2010	0.08	0.53	0.51
March 2010	0.09	0.54	0.54
April 2010	0.12	0.57	0.48
May 2010	0.13	0.46	0.44
June 2010	0.09	0.45	0.43
July 2010	0.12	0.43	0.41
August 2010	0.18	0.42	0.40
September 2010	0.15	0.45	0.40
October 2010	0.11	0.44	0.41
November 2010	0.09	0.45	0.42
December 2010	0.11	0.43	0.45
January 2011	0.20	0.43	0.42
February 2011	0.13	0.39	0.38
March 2011	0.17	0.43	0.40
April 2011	0.14	0.42	0.40
May 2011	0.15	0.41	0.41
June 2011	0.17	0.44	0.41
July 2011	0.19	0.43	0.42
August 2011	0.16	0.42	0.43
September 2011	0.23	0.42	0.43
October 2011	0.17	0.44	0.44
November 2011	0.25	0.47	0.45
December 2011	0.17	0.52	0.46
January 2012	0.21	0.52	0.46
February 2012	0.24	0.47	0.49
March 2012	0.22	0.47	0.48
April 2012	0.25	0.50	0.48
May 2012	0.19	0.52	0.50
June 2012	0.23	0.52	0.50
July 2012	0.22	0.52	0.52
August 2012	0.22	0.54	0.52
September 2012	0.25	0.59	0.56
October 2012	0.30	0.61	0.57
November 2012	0.26	0.57	0.57
December 2012	0.36	0.62	0.59
January 2013	0.28	0.62	0.60
February 2013	0.30	0.65	0.61
March 2013	0.38	0.61	0.61
April 2013	0.26	0.59	0.62
May 2013	0.32	0.60	0.62
June 2013	0.23	0.60	0.63
July 2013	0.30	0.60	0.62
August 2013	0.27	0.62	0.63
September 2013	0.28	0.58	0.62
October 2013	0.33	0.60	0.63
November 2013	0.40	0.71	0.65
December 2013	0.36	0.68	0.62
January 2014	0.31	0.58	0.60
February 2014	0.34	0.59	0.59
March 2014	0.32	0.64	0.60
April 2014	0.41	0.66	0.60
May 2014	0.38	0.63	0.62

Note: The data extend through May 2014.

Source: Department of Commerce, Bureau of the Census.

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The Slow Recovery of Housing Activity: Figure B. Pending Home Sales Index and Existing Home Sales

Period	Pending home sales (Index, 2001 = 100)	Existing home sales (Thousands, annual rate)
January 2001	101.70	5,100
February 2001	107.00	5,230
March 2001	101.80	5,450
April 2001	98.60	5,320
May 2001	101.40	5,270
June 2001	98.40	5,430
July 2001	97.70	5,430
August 2001	97.50	5,480
September 2001	89.80	5,230
October 2001	98.10	5,250
November 2001	102.20	5,240
December 2001	108.70	5,490
January 2002	106.20	5,860
February 2002	106.10	5,900
March 2002	103.40	5,630
April 2002	103.60	5,670
May 2002	99.40	5,640
June 2002	98.60	5,510
July 2002	100.60	5,410
August 2002	102.00	5,360
September 2002	102.80	5,520
October 2002	100.90	5,680
November 2002	104.40	5,730
December 2002	103.20	5,970
January 2003	105.70	6,030
February 2003	99.30	6,020
March 2003	103.50	5,860
April 2003	105.60	5,840
May 2003	106.00	5,940
June 2003	110.60	5,940
July 2003	113.30	6,270
August 2003	108.10	6,520
September 2003	108.30	6,580
October 2003	110.70	6,390
November 2003	110.30	6,230
December 2003	109.10	6,490
January 2004	111.80	6,230
February 2004	113.90	6,410
March 2004	120.90	6,660
April 2004	117.40	6,730
May 2004	121.80	6,850
June 2004	119.50	6,920
July 2004	121.00	6,840
August 2004	121.90	6,700
September 2004	124.00	6,680
October 2004	126.10	6,850
November 2004	124.10	6,960
December 2004	124.20	6,890
January 2005	122.60	7,100
February 2005	124.50	6,880
March 2005	123.80	6,960
April 2005	127.00	7,120
May 2005	125.40	7,080
June 2005	125.80	7,180
July 2005	126.90	7,140
August 2005	126.70	7,230
September 2005	125.90	7,250
October 2005	123.70	7,100
November 2005	120.60	7,030
December 2005	118.30	6,840
January 2006	118.30	6,720
February 2006	117.50	6,840
March 2006	115.20	6,830
April 2006	113.40	6,700
May 2006	112.60	6,580
June 2006	110.90	6,480
July 2006	109.20	6,320
August 2006	109.20	6,340
September 2006	108.80	6,280
October 2006	107.60	6,360
November 2006	109.80	6,340
December 2006	112.80	6,400
January 2007	107.10	5,740
February 2007	107.90	5,790
March 2007	104.80	5,460
April 2007	100.80	5,290
May 2007	99.00	5,270
June 2007	99.60	5,120
July 2007	92.80	5,070
August 2007	85.60	4,870
September 2007	87.80	4,580
October 2007	89.50	4,430
November 2007	88.80	4,460
December 2007	87.00	4,410
January 2008	86.20	4,170
February 2008	88.60	4,120
March 2008	82.40	4,160
April 2008	88.50	4,110
May 2008	84.50	4,140
June 2008	88.90	4,090
July 2008	87.90	4,150
August 2008	88.30	4,190
September 2008	93.50	4,270
October 2008	85.00	4,090
November 2008	79.90	3,770
December 2008	90.20	4,010
January 2009	83.10	3,820
February 2009	83.50	3,970
March 2009	83.70	3,860
April 2009	90.40	3,900
May 2009	93.00	4,000
June 2009	95.10	4,100
July 2009	99.90	4,370
August 2009	102.10	4,450
September 2009	106.40	4,620
October 2009	110.50	5,020
November 2009	96.30	5,440
December 2009	92.90	4,400
January 2010	93.80	4,190
February 2010	97.90	4,270
March 2010	101.20	4,490
April 2010	110.90	4,820
May 2010	78.80	4,880
June 2010	77.10	4,450
July 2010	81.30	3,450
August 2010	81.80	3,680
September 2010	82.00	3,840
October 2010	86.30	3,830
November 2010	88.90	4,020
December 2010	89.20	4,270
January 2011	89.50	4,450
February 2011	88.10	4,150
March 2011	88.20	4,240
April 2011	85.20	4,150
May 2011	88.20	4,130
June 2011	90.40	4,190
July 2011	90.80	4,150
August 2011	90.80	4,410
September 2011	89.30	4,340
October 2011	92.20	4,350
November 2011	94.60	4,400
December 2011	96.00	4,370
January 2012	96.70	4,510
February 2012	96.80	4,520
March 2012	98.70	4,460
April 2012	98.30	4,530
May 2012	99.00	4,590
June 2012	99.20	4,410
July 2012	102.20	4,600
August 2012	101.40	4,840
September 2012	103.50	4,780
October 2012	103.90	4,830
November 2012	103.10	4,960
December 2012	103.00	4,900
January 2013	104.40	4,870
February 2013	104.90	4,950
March 2013	105.70	4,960
April 2013	107.70	4,990
May 2013	109.60	5,150
June 2013	110.80	5,160
July 2013	108.20	5,380
August 2013	107.10	5,330
September 2013	104.00	5,260
October 2013	101.90	5,130
November 2013	100.70	4,830
December 2013	94.90	4,870
January 2014	94.70	4,620
February 2014	94.20	4,600
March 2014	97.40	4,590
April 2014	97.90	4,660
May 2014	103.90	4,890

Note: The data are monthly and extend through May 2014. Total existing home sales includes single-family and condo and co-op sales.

Source: National Association of Realtors.

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The Slow Recovery of Housing Activity: Figure C. Contribution to Growth in Total Residential Investment

Percent change, annual rate

Period	Single-family	Multifamily	Commissions	Improvements	Other	Sum
2011:H1	-0.24	0.20	0.22	0.14	1.79	2.21
2011:H2	2.36	1.27	2.51	2.17	0.60	9.17
2012:H1	7.51	2.23	4.75	-0.81	0.01	14.35
2012:H2	9.39	2.45	4.08	0.60	-0.08	16.98
2013:Q1	8.27	2.29	1.57	0.31	0.07	12.51
2013:Q2	4.16	2.04	3.92	2.86	1.23	14.21
2013:Q3	1.35	0.86	3.38	4.18	0.55	10.32
2013:Q4	0.05	2.54	-8.10	-2.29	-0.08	-7.91
2014:Q1	5.10	1.19	-8.88	-0.67	-0.88	-4.17

Source: Department of Commerce, Bureau of Economic Analysis.

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The Slow Recovery of Housing Activity: Figure D. Mortgage Rates and Housing Affordability

Series: Mortgage rate, and housing affordability index

Horizon: 2005 to 2014

Description: Data are plotted as two curves. Units are percent for the mortgage rate series and an index for the housing affordability series. The curves move in opposite directions from 2005 to 2014, with the mortgage rate series mostly decreasing and the housing affordability index series mostly increasing. The curves cross in 2008.

The mortgage rate series starts in January 2005 at about 5.75 and dips and rises four times before reaching its peak around 6.75 by mid-2006. The series remains volatile, staying within the range of about 5 to 6.5, until the end of 2008, when it begins a steady decline. The series reaches three small peaks--about 5.5 in June 2009, a bit above 5 in early 2010, and about 5 in February 2011--before reaching its lowest point, around 3.25, at the end of 2012. The series sharply increases to about 4.5 in August 2013 and then decreases to around 4 on July 9, 2014, where it ends.

The housing affordability index series starts in January 2005 around 120 and then dips and rises once to about 110 before declining to its lowest point at about 100 in mid-2006. The series then generally increases while dipping and rising several times. It reaches about 180 in April 2009, then continues to move up and down in several large steps. The series reaches its highest point at a little above 210 in early 2013; it then declines rapidly to a little below 160 around the middle of the year. The series climbs to another small peak, reaching about 170 at the beginning of 2014, before declining to about 165, where it ends in April 2014.

Note: The housing affordability index data are monthly through April 2014 and the mortgage rate data are weekly through July 9, 2014. At an index value of 100, a median-income family has exactly enough income to qualify for a median-priced home mortgage. Housing affordability is seasonally adjusted by Board staff.

Source: For housing affordability index, National Association of Realtors; for mortgage rate, Freddie Mac Primary Mortgage Market Survey and Loansifter.

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Figure 28. Change in Output per Hour

Percent, annual rate

Period	Percent change
1948-1973	2.67
1974-1995	1.52
1996-2000	2.92
2001-2007	2.61
2008-present	1.38

Note: The data are for the nonfarm business sector. Changes for the first four periods are measured from Q4 of the year immediately preceding the period through Q4 of the final year of the period. The final period is measured from 2007:Q4 through 2014:Q1.

Source: Department of Labor, Bureau of Labor Statistics.

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Figure 29. Yields on Nominal Treasury Securities

Daily
Percent

Date	5-year	10-year	30-year
3 January 2000	6.50	6.58	6.61
4 January 2000	6.40	6.49	6.53
5 January 2000	6.51	6.62	6.64
6 January 2000	6.46	6.57	6.58
7 January 2000	6.42	6.52	6.55
10 January 2000	6.49	6.57	6.59
11 January 2000	6.57	6.67	6.68
12 January 2000	6.63	6.72	6.71
13 January 2000	6.54	6.63	6.65
14 January 2000	6.59	6.69	6.69
17 January 2000	ND	ND	ND
18 January 2000	6.65	6.75	6.75
19 January 2000	6.62	6.73	6.72
20 January 2000	6.67	6.79	6.74
21 January 2000	6.67	6.79	6.71
24 January 2000	6.59	6.69	6.65
25 January 2000	6.60	6.70	6.64
26 January 2000	6.62	6.69	6.60
27 January 2000	6.67	6.68	6.53
28 January 2000	6.68	6.66	6.45
31 January 2000	6.71	6.68	6.49
1 February 2000	6.68	6.62	6.43
2 February 2000	6.69	6.60	6.32
3 February 2000	6.56	6.49	6.17
4 February 2000	6.64	6.53	6.23
7 February 2000	6.76	6.64	6.34
8 February 2000	6.74	6.59	6.22
9 February 2000	6.77	6.56	6.32
10 February 2000	6.78	6.67	6.35
11 February 2000	6.77	6.63	6.29
14 February 2000	6.72	6.56	6.22
15 February 2000	6.74	6.56	6.26
16 February 2000	6.75	6.56	6.27
17 February 2000	6.76	6.58	6.23
18 February 2000	6.72	6.49	6.16
21 February 2000	ND	ND	ND
22 February 2000	6.62	6.36	6.08
23 February 2000	6.66	6.44	6.14
24 February 2000	6.56	6.36	6.13
25 February 2000	6.50	6.36	6.17
28 February 2000	6.53	6.37	6.16
29 February 2000	6.61	6.42	6.15
1 March 2000	6.59	6.39	6.16
2 March 2000	6.59	6.40	6.15
3 March 2000	6.60	6.39	6.13
6 March 2000	6.64	6.42	6.16
7 March 2000	6.60	6.39	6.16
8 March 2000	6.59	6.38	6.17
9 March 2000	6.56	6.35	6.16
10 March 2000	6.61	6.39	6.19
13 March 2000	6.57	6.36	6.17
14 March 2000	6.52	6.31	6.11
15 March 2000	6.50	6.29	6.07
16 March 2000	6.47	6.26	6.05
17 March 2000	6.45	6.20	6.01
20 March 2000	6.45	6.18	5.99
21 March 2000	6.44	6.13	5.97
22 March 2000	6.41	6.13	5.97
23 March 2000	6.39	6.08	5.92
24 March 2000	6.51	6.20	6.00
27 March 2000	6.51	6.21	5.99
28 March 2000	6.46	6.17	5.98
29 March 2000	6.46	6.18	5.99
30 March 2000	6.35	6.06	5.89
31 March 2000	6.32	6.03	5.84
3 April 2000	6.30	6.00	5.84
4 April 2000	6.16	5.90	5.77
5 April 2000	6.17	5.90	5.81
6 April 2000	6.20	5.93	5.80
7 April 2000	6.18	5.86	5.71
10 April 2000	6.11	5.80	5.69
11 April 2000	6.19	5.89	5.77
12 April 2000	6.27	5.97	5.84
13 April 2000	6.24	5.94	5.81
14 April 2000	6.11	5.85	5.79
17 April 2000	6.23	6.01	5.92
18 April 2000	6.27	6.05	5.92
19 April 2000	6.23	5.99	5.85
20 April 2000	6.24	5.99	5.83
21 April 2000	ND	ND	ND
24 April 2000	6.23	6.00	5.86
25 April 2000	6.39	6.14	5.95
26 April 2000	6.40	6.14	5.95
27 April 2000	6.51	6.23	6.00
28 April 2000	6.56	6.23	5.97
1 May 2000	6.59	6.29	5.98
2 May 2000	6.60	6.32	6.03
3 May 2000	6.66	6.40	6.11
4 May 2000	6.70	6.46	6.19
5 May 2000	6.77	6.51	6.20
8 May 2000	6.83	6.57	6.25
9 May 2000	6.75	6.53	6.22
10 May 2000	6.69	6.47	6.18
11 May 2000	6.67	6.43	6.16
12 May 2000	6.76	6.51	6.20
15 May 2000	6.73	6.47	6.17
16 May 2000	6.72	6.43	6.12
17 May 2000	6.74	6.48	6.18
18 May 2000	6.79	6.56	6.24
19 May 2000	6.71	6.51	6.22
22 May 2000	6.66	6.44	6.18
23 May 2000	6.68	6.45	6.17
24 May 2000	6.71	6.47	6.19
25 May 2000	6.64	6.39	6.11
26 May 2000	6.57	6.33	6.06
29 May 2000	ND	ND	ND
30 May 2000	6.62	6.38	6.09
31 May 2000	6.54	6.29	6.02
1 June 2000	6.44	6.20	5.95
2 June 2000	6.37	6.15	5.94
5 June 2000	6.33	6.12	5.91
6 June 2000	6.35	6.14	5.91
7 June 2000	6.35	6.13	5.89
8 June 2000	6.37	6.13	5.89
9 June 2000	6.36	6.13	5.89
12 June 2000	6.33	6.09	5.88
13 June 2000	6.32	6.11	5.94
14 June 2000	6.26	6.06	5.91
15 June 2000	6.26	6.05	5.93
16 June 2000	6.19	5.99	5.88
19 June 2000	6.20	6.00	5.89
20 June 2000	6.23	6.03	5.90
21 June 2000	6.32	6.11	5.96
22 June 2000	6.32	6.12	5.98
23 June 2000	6.37	6.19	6.04
26 June 2000	6.29	6.11	5.99
27 June 2000	6.29	6.10	5.95
28 June 2000	6.28	6.11	5.97
29 June 2000	6.21	6.04	5.88
30 June 2000	6.18	6.03	5.90
3 July 2000	6.12	6.00	5.87
4 July 2000	ND	ND	ND
5 July 2000	6.12	5.99	5.86
6 July 2000	6.16	6.05	5.91
7 July 2000	6.11	6.01	5.87
10 July 2000	6.13	6.04	5.88
11 July 2000	6.16	6.06	5.89
12 July 2000	6.20	6.09	5.89
13 July 2000	6.15	6.01	5.81
14 July 2000	6.25	6.10	5.88
17 July 2000	6.31	6.17	5.93
18 July 2000	6.30	6.16	5.92
19 July 2000	6.31	6.16	5.92
20 July 2000	6.15	6.01	5.81
21 July 2000	6.14	6.01	5.79
24 July 2000	6.18	6.04	5.81
25 July 2000	6.17	6.04	5.81
26 July 2000	6.16	6.04	5.82
27 July 2000	6.14	6.02	5.78
28 July 2000	6.16	6.04	5.78
31 July 2000	6.16	6.04	5.79
1 August 2000	6.12	6.00	5.74
2 August 2000	6.09	5.98	5.77
3 August 2000	6.07	5.95	5.74
4 August 2000	6.02	5.91	5.72
7 August 2000	6.07	5.97	5.76
8 August 2000	6.03	5.93	5.73
9 August 2000	6.03	5.81	5.73
10 August 2000	6.00	5.76	5.68
11 August 2000	6.07	5.79	5.72
14 August 2000	6.07	5.78	5.70
15 August 2000	6.11	5.81	5.72
16 August 2000	6.13	5.83	5.73
17 August 2000	6.13	5.81	5.72
18 August 2000	6.09	5.78	5.69
21 August 2000	6.10	5.79	5.71
22 August 2000	6.07	5.78	5.71
23 August 2000	6.02	5.73	5.68
24 August 2000	6.00	5.73	5.67
25 August 2000	6.00	5.73	5.67
28 August 2000	6.05	5.78	5.72
29 August 2000	6.08	5.81	5.75
30 August 2000	6.07	5.81	5.74
31 August 2000	5.98	5.73	5.67
1 September 2000	5.92	5.68	5.67
4 September 2000	ND	ND	ND
5 September 2000	5.92	5.69	5.67
6 September 2000	5.95	5.72	5.71
7 September 2000	5.97	5.76	5.72
8 September 2000	5.95	5.73	5.70
11 September 2000	5.97	5.77	5.73
12 September 2000	5.97	5.78	5.76
13 September 2000	5.94	5.74	5.73
14 September 2000	5.96	5.79	5.81
15 September 2000	5.93	5.84	5.90
18 September 2000	5.93	5.88	5.96
19 September 2000	5.93	5.86	5.92
20 September 2000	5.98	5.91	5.97
21 September 2000	5.96	5.88	5.93
22 September 2000	5.93	5.85	5.92
25 September 2000	5.94	5.84	5.90
26 September 2000	5.90	5.81	5.86
27 September 2000	5.89	5.83	5.90
28 September 2000	5.90	5.82	5.89
29 September 2000	5.85	5.80	5.88
2 October 2000	5.86	5.83	5.93
3 October 2000	5.88	5.87	5.94
4 October 2000	5.94	5.90	5.95
5 October 2000	5.92	5.87	5.91
6 October 2000	5.88	5.82	5.85
9 October 2000	ND	ND	ND
10 October 2000	5.86	5.80	5.83
11 October 2000	5.82	5.77	5.83
12 October 2000	5.74	5.73	5.82
13 October 2000	5.73	5.73	5.80
16 October 2000	5.77	5.74	5.81
17 October 2000	5.68	5.68	5.77
18 October 2000	5.68	5.66	5.77
19 October 2000	5.69	5.66	5.76
20 October 2000	5.69	5.64	5.73
23 October 2000	5.66	5.59	5.68
24 October 2000	5.70	5.63	5.71
25 October 2000	5.74	5.67	5.75
26 October 2000	5.75	5.69	5.74
27 October 2000	5.79	5.72	5.74
30 October 2000	5.83	5.74	5.76
31 October 2000	5.83	5.77	5.79
1 November 2000	5.79	5.74	5.78
2 November 2000	5.78	5.74	5.79
3 November 2000	5.86	5.83	5.86
6 November 2000	5.91	5.87	5.89
7 November 2000	5.84	5.87	5.90
8 November 2000	5.83	5.87	5.89
9 November 2000	5.76	5.82	5.85
10 November 2000	5.76	5.82	5.88
13 November 2000	5.72	5.77	5.85
14 November 2000	5.72	5.76	5.81
15 November 2000	5.69	5.72	5.77
16 November 2000	5.66	5.68	5.75
17 November 2000	5.67	5.71	5.78
20 November 2000	5.65	5.68	5.76
21 November 2000	5.65	5.67	5.74
22 November 2000	5.60	5.62	5.68
23 November 2000	ND	ND	ND
24 November 2000	5.63	5.63	5.67
27 November 2000	5.63	5.64	5.71
28 November 2000	5.57	5.59	5.67
29 November 2000	5.51	5.55	5.66
30 November 2000	5.42	5.48	5.60
1 December 2000	5.46	5.52	5.64
4 December 2000	5.45	5.53	5.66
5 December 2000	5.36	5.43	5.59
6 December 2000	5.26	5.32	5.52
7 December 2000	5.26	5.32	5.51
8 December 2000	5.32	5.35	5.55
11 December 2000	5.33	5.37	5.54
12 December 2000	5.33	5.36	5.53
13 December 2000	5.24	5.29	5.48
14 December 2000	5.19	5.23	5.45
15 December 2000	5.15	5.20	5.44
18 December 2000	5.10	5.17	5.44
19 December 2000	5.12	5.19	5.47
20 December 2000	5.00	5.08	5.42
21 December 2000	4.94	5.03	5.41
22 December 2000	4.93	5.02	5.40
25 December 2000	ND	ND	ND
26 December 2000	4.92	5.04	5.41
27 December 2000	4.99	5.11	5.45
28 December 2000	5.02	5.13	5.44
29 December 2000	4.99	5.12	5.46
1 January 2001	ND	ND	ND
2 January 2001	4.76	4.92	5.35
3 January 2001	4.94	5.14	5.49
4 January 2001	4.82	5.03	5.44
5 January 2001	4.66	4.93	5.41
8 January 2001	4.65	4.94	5.42
9 January 2001	4.73	4.98	5.43
10 January 2001	4.83	5.10	5.49
11 January 2001	4.85	5.14	5.55
12 January 2001	4.97	5.25	5.63
15 January 2001	ND	ND	ND
16 January 2001	4.96	5.24	5.60
17 January 2001	4.87	5.19	5.52
18 January 2001	4.74	5.12	5.47
19 January 2001	4.84	5.19	5.56
22 January 2001	4.87	5.25	5.61
23 January 2001	4.96	5.30	5.65
24 January 2001	4.98	5.33	5.67
25 January 2001	4.94	5.29	5.61
26 January 2001	4.93	5.29	5.64
29 January 2001	4.97	5.32	5.69
30 January 2001	4.91	5.24	5.59
31 January 2001	4.85	5.19	5.54
1 February 2001	4.78	5.10	5.46
2 February 2001	4.86	5.17	5.51
5 February 2001	4.88	5.18	5.48
6 February 2001	4.92	5.22	5.51
7 February 2001	4.91	5.10	5.52
8 February 2001	4.93	5.10	5.44
9 February 2001	4.85	5.03	5.38
12 February 2001	4.86	5.05	5.42
13 February 2001	4.90	5.07	5.43
14 February 2001	4.99	5.13	5.44
15 February 2001	5.06	5.19	5.50
16 February 2001	4.94	5.11	5.46
19 February 2001	ND	ND	ND
20 February 2001	4.94	5.11	5.46
21 February 2001	4.96	5.14	5.49
22 February 2001	4.94	5.15	5.52
23 February 2001	4.86	5.10	5.49
26 February 2001	4.81	5.05	5.45
27 February 2001	4.75	4.96	5.34
28 February 2001	4.70	4.92	5.34
1 March 2001	4.67	4.87	5.29
2 March 2001	4.75	4.95	5.38
5 March 2001	4.78	4.98	5.36
6 March 2001	4.78	4.99	5.38
7 March 2001	4.72	4.92	5.32
8 March 2001	4.70	4.89	5.30
9 March 2001	4.75	4.95	5.32
12 March 2001	4.72	4.92	5.31
13 March 2001	4.75	4.95	5.34
14 March 2001	4.62	4.84	5.28
15 March 2001	4.55	4.81	5.29
16 March 2001	4.54	4.78	5.28
19 March 2001	4.58	4.82	5.30
20 March 2001	4.52	4.78	5.27
21 March 2001	4.49	4.77	5.28
22 March 2001	4.44	4.73	5.25
23 March 2001	4.52	4.80	5.30
26 March 2001	4.56	4.85	5.36
27 March 2001	4.73	5.00	5.45
28 March 2001	4.68	4.97	5.47
29 March 2001	4.67	4.98	5.48
30 March 2001	4.62	4.93	5.46
2 April 2001	4.66	4.98	5.49
3 April 2001	4.60	4.94	5.48
4 April 2001	4.58	4.94	5.50
5 April 2001	4.63	4.98	5.53
6 April 2001	4.52	4.89	5.46
9 April 2001	4.56	4.93	5.50
10 April 2001	4.70	5.09	5.63
11 April 2001	4.75	5.12	5.60
12 April 2001	4.83	5.17	5.61
13 April 2001	ND	ND	ND
16 April 2001	4.94	5.28	5.70
17 April 2001	4.87	5.21	5.65
18 April 2001	4.75	5.14	5.65
19 April 2001	4.86	5.27	5.77
20 April 2001	4.88	5.29	5.79
23 April 2001	4.78	5.20	5.73
24 April 2001	4.78	5.22	5.75
25 April 2001	4.88	5.28	5.78
26 April 2001	4.79	5.20	5.71
27 April 2001	4.94	5.34	5.81
30 April 2001	4.97	5.35	5.78
1 May 2001	4.94	5.30	5.75
2 May 2001	4.95	5.31	5.71
3 May 2001	4.87	5.22	5.64
4 May 2001	4.83	5.21	5.65
7 May 2001	4.82	5.21	5.68
8 May 2001	4.68	5.24	5.72
9 May 2001	4.65	5.20	5.67
10 May 2001	4.76	5.31	5.75
11 May 2001	4.99	5.51	5.88
14 May 2001	4.94	5.46	5.85
15 May 2001	4.95	5.50	5.89
16 May 2001	4.95	5.48	5.86
17 May 2001	4.99	5.46	5.80
18 May 2001	4.99	5.41	5.76
21 May 2001	4.99	5.41	5.75
22 May 2001	4.99	5.42	5.78
23 May 2001	4.96	5.41	5.79
24 May 2001	5.05	5.52	5.87
25 May 2001	5.04	5.52	5.86
28 May 2001	ND	ND	ND
29 May 2001	5.06	5.54	5.86
30 May 2001	5.07	5.54	5.86
31 May 2001	4.94	5.43	5.78
1 June 2001	4.94	5.39	5.71
4 June 2001	4.93	5.35	5.69
5 June 2001	4.84	5.29	5.66
6 June 2001	4.83	5.27	5.65
7 June 2001	4.88	5.33	5.72
8 June 2001	4.93	5.38	5.73
11 June 2001	4.87	5.32	5.69
12 June 2001	4.82	5.27	5.65
13 June 2001	4.81	5.28	5.66
14 June 2001	4.76	5.26	5.65
15 June 2001	4.74	5.27	5.68
18 June 2001	4.73	5.27	5.70
19 June 2001	4.72	5.26	5.69
20 June 2001	4.72	5.24	5.67
21 June 2001	4.70	5.22	5.64
22 June 2001	4.63	5.14	5.58
25 June 2001	4.65	5.16	5.59
26 June 2001	4.74	5.24	5.65
27 June 2001	4.82	5.26	5.62
28 June 2001	4.92	5.35	5.68
29 June 2001	4.97	5.42	5.75
2 July 2001	4.88	5.37	5.70
3 July 2001	4.91	5.41	5.73
4 July 2001	ND	ND	ND
5 July 2001	4.95	5.44	5.76
6 July 2001	4.90	5.41	5.75
9 July 2001	4.88	5.37	5.70
10 July 2001	4.82	5.32	5.68
11 July 2001	4.81	5.31	5.69
12 July 2001	4.80	5.27	5.65
13 July 2001	4.82	5.27	5.64
16 July 2001	4.76	5.21	5.59
17 July 2001	4.78	5.22	5.59
18 July 2001	4.66	5.12	5.52
19 July 2001	4.69	5.13	5.53
20 July 2001	4.70	5.15	5.54
23 July 2001	4.68	5.13	5.53
24 July 2001	4.67	5.13	5.52
25 July 2001	4.74	5.20	5.58
26 July 2001	4.71	5.19	5.59
27 July 2001	4.64	5.13	5.55
30 July 2001	4.63	5.11	5.53
31 July 2001	4.57	5.07	5.51
1 August 2001	4.62	5.11	5.53
2 August 2001	4.69	5.17	5.57
3 August 2001	4.72	5.20	5.59
6 August 2001	4.71	5.19	5.59
7 August 2001	4.72	5.20	5.60
8 August 2001	4.61	4.99	5.52
9 August 2001	4.66	5.04	5.54
10 August 2001	4.61	4.99	5.52
13 August 2001	4.57	4.97	5.52
14 August 2001	4.59	4.97	5.51
15 August 2001	4.62	5.00	5.52
16 August 2001	4.58	4.95	5.48
17 August 2001	4.49	4.84	5.43
20 August 2001	4.55	4.91	5.46
21 August 2001	4.50	4.87	5.44
22 August 2001	4.53	4.91	5.44
23 August 2001	4.52	4.89	5.41
24 August 2001	4.55	4.93	5.45
27 August 2001	4.57	4.94	5.47
28 August 2001	4.48	4.85	5.41
29 August 2001	4.43	4.78	5.36
30 August 2001	4.42	4.79	5.37
31 August 2001	4.46	4.85	5.39
3 September 2001	ND	ND	ND
4 September 2001	4.63	4.99	5.50
5 September 2001	4.61	4.97	5.48
6 September 2001	4.48	4.86	5.41
7 September 2001	4.39	4.80	5.39
10 September 2001	4.41	4.84	5.43
11 September 2001	ND	ND	ND
12 September 2001	ND	ND	ND
13 September 2001	4.03	4.64	5.39
14 September 2001	3.92	4.57	5.35
17 September 2001	3.99	4.63	5.41
18 September 2001	4.01	4.72	5.55
19 September 2001	3.90	4.69	5.56
20 September 2001	3.97	4.75	5.62
21 September 2001	3.94	4.70	5.59
24 September 2001	4.00	4.73	5.58
25 September 2001	3.97	4.72	5.58
26 September 2001	3.91	4.65	5.50
27 September 2001	3.87	4.58	5.45
28 September 2001	3.93	4.60	5.42
1 October 2001	3.90	4.55	5.38
2 October 2001	3.87	4.53	5.34
3 October 2001	3.86	4.50	5.32
4 October 2001	3.88	4.53	5.31
5 October 2001	3.87	4.52	5.31
8 October 2001	ND	ND	ND
9 October 2001	3.96	4.62	5.39
10 October 2001	3.96	4.61	5.36
11 October 2001	4.03	4.69	5.41
12 October 2001	4.01	4.68	5.42
15 October 2001	3.97	4.62	5.38
16 October 2001	3.93	4.59	5.35
17 October 2001	3.93	4.59	5.32
18 October 2001	3.93	4.58	5.32
19 October 2001	3.96	4.63	5.36
22 October 2001	3.98	4.63	5.36
23 October 2001	4.01	4.66	5.38
24 October 2001	3.96	4.61	5.32
25 October 2001	3.89	4.56	5.28
26 October 2001	3.88	4.53	5.27
29 October 2001	3.82	4.50	5.25
30 October 2001	3.76	4.44	5.22
31 October 2001	3.66	4.30	4.89
1 November 2001	3.66	4.24	4.79
2 November 2001	3.77	4.37	4.96
5 November 2001	3.71	4.31	4.86
6 November 2001	3.54	4.30	4.86
7 November 2001	3.47	4.22	4.79
8 November 2001	3.58	4.32	4.87
9 November 2001	3.62	4.34	4.88
12 November 2001	ND	ND	ND
13 November 2001	3.69	4.41	4.92
14 November 2001	3.83	4.54	5.02
15 November 2001	4.10	4.79	5.22
16 November 2001	4.24	4.91	5.30
19 November 2001	4.12	4.80	5.22
20 November 2001	4.17	4.88	5.30
21 November 2001	4.31	4.98	5.35
22 November 2001	ND	ND	ND
23 November 2001	4.40	5.04	5.39
26 November 2001	4.41	5.05	5.39
27 November 2001	4.32	4.98	5.37
28 November 2001	4.33	4.98	5.36
29 November 2001	4.10	4.79	5.24
30 November 2001	4.08	4.78	5.27
3 December 2001	4.04	4.75	5.26
4 December 2001	3.99	4.70	5.22
5 December 2001	4.24	4.92	5.35
6 December 2001	4.38	5.04	5.47
7 December 2001	4.50	5.20	5.60
10 December 2001	4.46	5.17	5.58
11 December 2001	4.38	5.13	5.55
12 December 2001	4.29	5.02	5.47
13 December 2001	4.40	5.13	5.53
14 December 2001	4.52	5.24	5.59
17 December 2001	4.54	5.26	5.61
18 December 2001	4.46	5.16	5.52
19 December 2001	4.38	5.08	5.45
20 December 2001	4.42	5.08	5.43
21 December 2001	4.45	5.12	5.45
24 December 2001	4.49	5.18	5.49
25 December 2001	ND	ND	ND
26 December 2001	4.55	5.22	5.52
27 December 2001	4.46	5.13	5.49
28 December 2001	4.46	5.15	5.54
31 December 2001	4.38	5.07	5.48
1 January 2002	ND	ND	ND
2 January 2002	4.52	5.20	5.56
3 January 2002	4.48	5.16	5.54
4 January 2002	4.50	5.18	5.57
7 January 2002	4.39	5.09	5.49
8 January 2002	4.39	5.10	5.51
9 January 2002	4.38	5.10	5.51
10 January 2002	4.27	5.00	5.42
11 January 2002	4.14	4.92	5.37
14 January 2002	4.15	4.91	5.38
15 January 2002	4.14	4.88	5.34
16 January 2002	4.16	4.88	5.36
17 January 2002	4.28	4.98	5.41
18 January 2002	4.23	4.94	5.36
21 January 2002	ND	ND	ND
22 January 2002	4.27	4.96	5.39
23 January 2002	4.36	5.05	5.48
24 January 2002	4.40	5.07	5.47
25 January 2002	4.46	5.10	5.47
28 January 2002	4.48	5.12	5.47
29 January 2002	4.35	5.02	5.40
30 January 2002	4.37	5.02	5.41
31 January 2002	4.42	5.07	5.44
1 February 2002	4.37	5.02	5.40
4 February 2002	4.29	4.94	5.35
5 February 2002	4.29	4.92	5.35
6 February 2002	4.30	4.92	5.38
7 February 2002	4.33	4.93	5.42
8 February 2002	4.28	4.90	5.39
11 February 2002	4.29	4.91	5.41
12 February 2002	4.36	4.97	5.45
13 February 2002	4.40	5.01	5.47
14 February 2002	4.35	4.95	5.42
15 February 2002	4.27	4.86	5.37
18 February 2002	ND	ND	ND
19 February 2002	4.28	4.88	ND
20 February 2002	4.28	4.88	ND
21 February 2002	4.27	4.88	ND
22 February 2002	4.23	4.84	ND
25 February 2002	4.26	4.86	ND
26 February 2002	4.33	4.93	ND
27 February 2002	4.22	4.84	ND
28 February 2002	4.27	4.88	ND
1 March 2002	4.43	4.98	ND
4 March 2002	4.43	5.02	ND
5 March 2002	4.44	5.02	ND
6 March 2002	4.45	5.06	ND
7 March 2002	4.65	5.22	ND
8 March 2002	4.77	5.33	ND
11 March 2002	4.77	5.33	ND
12 March 2002	4.75	5.32	ND
13 March 2002	4.69	5.28	ND
14 March 2002	4.83	5.40	ND
15 March 2002	4.80	5.35	ND
18 March 2002	4.79	5.32	ND
19 March 2002	4.78	5.33	ND
20 March 2002	4.87	5.40	ND
21 March 2002	4.88	5.39	ND
22 March 2002	4.90	5.40	ND
25 March 2002	4.92	5.41	ND
26 March 2002	4.85	5.35	ND
27 March 2002	4.85	5.35	ND
28 March 2002	4.91	5.42	ND
29 March 2002	ND	ND	ND
1 April 2002	4.93	5.44	ND
2 April 2002	4.84	5.36	ND
3 April 2002	4.76	5.30	ND
4 April 2002	4.76	5.28	ND
5 April 2002	4.68	5.22	ND
8 April 2002	4.70	5.25	ND
9 April 2002	4.67	5.22	ND
10 April 2002	4.68	5.24	ND
11 April 2002	4.66	5.22	ND
12 April 2002	4.60	5.18	ND
15 April 2002	4.57	5.15	ND
16 April 2002	4.62	5.20	ND
17 April 2002	4.64	5.24	ND
18 April 2002	4.64	5.23	ND
19 April 2002	4.62	5.21	ND
22 April 2002	4.62	5.19	ND
23 April 2002	4.62	5.18	ND
24 April 2002	4.53	5.11	ND
25 April 2002	4.52	5.10	ND
26 April 2002	4.49	5.08	ND
29 April 2002	4.55	5.13	ND
30 April 2002	4.53	5.11	ND
1 May 2002	4.49	5.08	ND
2 May 2002	4.54	5.13	ND
3 May 2002	4.48	5.08	ND
6 May 2002	4.50	5.10	ND
7 May 2002	4.43	5.09	ND
8 May 2002	4.58	5.24	ND
9 May 2002	4.53	5.20	ND
10 May 2002	4.46	5.15	ND
13 May 2002	4.54	5.23	ND
14 May 2002	4.64	5.32	ND
15 May 2002	4.59	5.28	ND
16 May 2002	4.52	5.20	ND
17 May 2002	4.60	5.27	ND
20 May 2002	4.53	5.21	ND
21 May 2002	4.49	5.18	ND
22 May 2002	4.43	5.13	ND
23 May 2002	4.46	5.16	ND
24 May 2002	4.47	5.16	ND
27 May 2002	ND	ND	ND
28 May 2002	4.46	5.16	ND
29 May 2002	4.41	5.11	ND
30 May 2002	4.36	5.06	ND
31 May 2002	4.37	5.08	ND
3 June 2002	4.36	5.06	ND
4 June 2002	4.31	5.04	ND
5 June 2002	4.35	5.08	ND
6 June 2002	4.30	5.04	ND
7 June 2002	4.36	5.10	ND
10 June 2002	4.34	5.07	ND
11 June 2002	4.29	5.02	ND
12 June 2002	4.24	4.98	ND
13 June 2002	4.20	4.94	ND
14 June 2002	4.10	4.83	ND
17 June 2002	4.14	4.89	ND
18 June 2002	4.13	4.88	ND
19 June 2002	4.01	4.76	ND
20 June 2002	4.11	4.85	ND
21 June 2002	4.06	4.79	ND
24 June 2002	4.13	4.87	ND
25 June 2002	4.13	4.88	ND
26 June 2002	3.99	4.75	ND
27 June 2002	4.08	4.84	ND
28 June 2002	4.09	4.86	ND
1 July 2002	4.08	4.85	ND
2 July 2002	3.99	4.77	ND
3 July 2002	4.00	4.78	ND
4 July 2002	ND	ND	ND
5 July 2002	4.13	4.90	ND
8 July 2002	4.07	4.84	ND
9 July 2002	3.98	4.78	ND
10 July 2002	3.85	4.66	ND
11 July 2002	3.86	4.66	ND
12 July 2002	3.82	4.63	ND
15 July 2002	3.85	4.66	ND
16 July 2002	3.93	4.75	ND
17 July 2002	3.89	4.71	ND
18 July 2002	3.82	4.66	ND
19 July 2002	3.76	4.61	ND
22 July 2002	3.65	4.51	ND
23 July 2002	3.59	4.47	ND
24 July 2002	3.60	4.49	ND
25 July 2002	3.51	4.43	ND
26 July 2002	3.46	4.43	ND
29 July 2002	3.68	4.62	ND
30 July 2002	3.71	4.65	ND
31 July 2002	3.53	4.51	ND
1 August 2002	3.46	4.47	ND
2 August 2002	3.27	4.33	ND
5 August 2002	3.21	4.29	ND
6 August 2002	3.36	4.42	ND
7 August 2002	3.24	4.35	ND
8 August 2002	3.35	4.40	ND
9 August 2002	3.28	4.27	ND
12 August 2002	3.24	4.22	ND
13 August 2002	3.15	4.12	ND
14 August 2002	3.19	4.06	ND
15 August 2002	3.28	4.17	ND
16 August 2002	3.41	4.32	ND
19 August 2002	3.40	4.29	ND
20 August 2002	3.25	4.17	ND
21 August 2002	3.28	4.20	ND
22 August 2002	3.37	4.30	ND
23 August 2002	3.31	4.25	ND
26 August 2002	3.29	4.22	ND
27 August 2002	3.37	4.29	ND
28 August 2002	3.31	4.22	ND
29 August 2002	3.24	4.16	ND
30 August 2002	3.22	4.14	ND
2 September 2002	ND	ND	ND
3 September 2002	3.04	3.98	ND
4 September 2002	3.02	3.96	ND
5 September 2002	2.95	3.91	ND
6 September 2002	3.10	4.05	ND
9 September 2002	3.11	4.05	ND
10 September 2002	3.08	4.00	ND
11 September 2002	3.15	4.07	ND
12 September 2002	3.07	3.98	ND
13 September 2002	3.00	3.92	ND
16 September 2002	3.00	3.90	ND
17 September 2002	2.97	3.87	ND
18 September 2002	2.96	3.86	ND
19 September 2002	2.87	3.79	ND
20 September 2002	2.86	3.79	ND
23 September 2002	2.76	3.70	ND
24 September 2002	2.76	3.69	ND
25 September 2002	2.83	3.77	ND
26 September 2002	2.86	3.79	ND
27 September 2002	2.74	3.69	ND
30 September 2002	2.63	3.63	ND
1 October 2002	2.75	3.72	ND
2 October 2002	2.74	3.71	ND
3 October 2002	2.74	3.70	ND
4 October 2002	2.73	3.69	ND
7 October 2002	2.67	3.64	ND
8 October 2002	2.70	3.65	ND
9 October 2002	2.65	3.61	ND
10 October 2002	2.68	3.68	ND
11 October 2002	2.83	3.83	ND
14 October 2002	ND	ND	ND
15 October 2002	3.11	4.07	ND
16 October 2002	3.11	4.06	ND
17 October 2002	3.20	4.16	ND
18 October 2002	3.17	4.14	ND
21 October 2002	3.28	4.24	ND
22 October 2002	3.29	4.27	ND
23 October 2002	3.26	4.26	ND
24 October 2002	3.18	4.16	ND
25 October 2002	3.10	4.12	ND
28 October 2002	3.03	4.10	ND
29 October 2002	2.89	3.97	ND
30 October 2002	2.87	3.99	ND
31 October 2002	2.81	3.93	ND
1 November 2002	2.92	4.01	ND
4 November 2002	3.00	4.07	ND
5 November 2002	3.00	4.10	ND
6 November 2002	3.01	4.09	ND
7 November 2002	2.86	3.88	ND
8 November 2002	2.87	3.85	ND
11 November 2002	ND	ND	ND
12 November 2002	2.83	3.84	ND
13 November 2002	2.82	3.84	ND
14 November 2002	3.01	4.03	ND
15 November 2002	3.05	4.05	ND
18 November 2002	3.04	4.02	ND
19 November 2002	3.02	3.99	ND
20 November 2002	3.13	4.08	ND
21 November 2002	3.20	4.14	ND
22 November 2002	3.26	4.18	ND
25 November 2002	3.26	4.19	ND
26 November 2002	3.14	4.08	ND
27 November 2002	3.34	4.26	ND
28 November 2002	ND	ND	ND
29 November 2002	3.28	4.22	ND
2 December 2002	3.31	4.22	ND
3 December 2002	3.33	4.24	ND
4 December 2002	3.25	4.18	ND
5 December 2002	3.19	4.13	ND
6 December 2002	3.13	4.09	ND
9 December 2002	3.08	4.06	ND
10 December 2002	3.07	4.06	ND
11 December 2002	3.02	4.01	ND
12 December 2002	3.03	4.01	ND
13 December 2002	3.08	4.07	ND
16 December 2002	3.14	4.15	ND
17 December 2002	3.11	4.13	ND
18 December 2002	3.03	4.06	ND
19 December 2002	2.91	3.96	ND
20 December 2002	2.93	3.97	ND
23 December 2002	2.95	3.98	ND
24 December 2002	2.92	3.95	ND
25 December 2002	ND	ND	ND
26 December 2002	2.89	3.93	ND
27 December 2002	2.79	3.83	ND
30 December 2002	2.76	3.82	ND
31 December 2002	2.78	3.83	ND
1 January 2003	ND	ND	ND
2 January 2003	3.05	4.07	ND
3 January 2003	3.03	4.05	ND
6 January 2003	3.10	4.09	ND
7 January 2003	3.04	4.04	ND
8 January 2003	3.01	4.00	ND
9 January 2003	3.23	4.19	ND
10 January 2003	3.20	4.16	ND
13 January 2003	3.17	4.15	ND
14 January 2003	3.10	4.10	ND
15 January 2003	3.10	4.10	ND
16 January 2003	3.11	4.10	ND
17 January 2003	3.05	4.05	ND
20 January 2003	ND	ND	ND
21 January 2003	3.00	4.01	ND
22 January 2003	2.94	3.95	ND
23 January 2003	2.97	3.98	ND
24 January 2003	2.93	3.94	ND
27 January 2003	2.97	3.98	ND
28 January 2003	2.99	4.00	ND
29 January 2003	3.07	4.06	ND
30 January 2003	3.02	4.00	ND
31 January 2003	3.02	4.00	ND
3 February 2003	3.05	4.01	ND
4 February 2003	2.99	3.96	ND
5 February 2003	3.07	4.02	ND
6 February 2003	3.02	3.97	ND
7 February 2003	2.97	3.96	ND
10 February 2003	3.03	3.99	ND
11 February 2003	3.00	3.98	ND
12 February 2003	2.92	3.93	ND
13 February 2003	2.85	3.89	ND
14 February 2003	2.91	3.95	ND
17 February 2003	ND	ND	ND
18 February 2003	2.92	3.94	ND
19 February 2003	2.87	3.88	ND
20 February 2003	2.82	3.85	ND
21 February 2003	2.86	3.90	ND
24 February 2003	2.82	3.86	ND
25 February 2003	2.77	3.81	ND
26 February 2003	2.75	3.78	ND
27 February 2003	2.75	3.76	ND
28 February 2003	2.69	3.71	ND
3 March 2003	2.66	3.68	ND
4 March 2003	2.62	3.65	ND
5 March 2003	2.58	3.63	ND
6 March 2003	2.63	3.67	ND
7 March 2003	2.56	3.63	ND
10 March 2003	2.51	3.59	ND
11 March 2003	2.54	3.60	ND
12 March 2003	2.57	3.60	ND
13 March 2003	2.75	3.74	ND
14 March 2003	2.72	3.72	ND
17 March 2003	2.82	3.82	ND
18 March 2003	2.93	3.91	ND
19 March 2003	2.98	3.98	ND
20 March 2003	3.02	4.01	ND
21 March 2003	3.12	4.11	ND
24 March 2003	2.98	3.98	ND
25 March 2003	2.97	3.97	ND
26 March 2003	2.94	3.96	ND
27 March 2003	2.92	3.95	ND
28 March 2003	2.86	3.92	ND
31 March 2003	2.78	3.83	ND
1 April 2003	2.78	3.84	ND
2 April 2003	2.89	3.94	ND
3 April 2003	2.87	3.93	ND
4 April 2003	2.88	3.96	ND
7 April 2003	2.99	4.03	ND
8 April 2003	2.91	3.95	ND
9 April 2003	2.87	3.93	ND
10 April 2003	2.89	3.95	ND
11 April 2003	2.95	4.00	ND
14 April 2003	3.02	4.04	ND
15 April 2003	2.96	3.98	ND
16 April 2003	2.95	3.96	ND
17 April 2003	2.99	3.98	ND
18 April 2003	ND	ND	ND
21 April 2003	3.03	4.00	ND
22 April 2003	3.01	4.01	ND
23 April 2003	3.02	4.02	ND
24 April 2003	2.92	3.93	ND
25 April 2003	2.88	3.91	ND
28 April 2003	2.90	3.92	ND
29 April 2003	2.94	3.96	ND
30 April 2003	2.85	3.89	ND
1 May 2003	2.82	3.88	ND
2 May 2003	2.90	3.94	ND
5 May 2003	2.87	3.92	ND
6 May 2003	2.76	3.84	ND
7 May 2003	2.64	3.72	ND
8 May 2003	2.62	3.70	ND
9 May 2003	2.61	3.69	ND
12 May 2003	2.58	3.64	ND
13 May 2003	2.58	3.63	ND
14 May 2003	2.47	3.53	ND
15 May 2003	2.52	3.53	ND
16 May 2003	2.43	3.46	ND
19 May 2003	2.41	3.46	ND
20 May 2003	2.34	3.38	ND
21 May 2003	2.37	3.39	ND
22 May 2003	2.32	3.34	ND
23 May 2003	2.33	3.34	ND
26 May 2003	ND	ND	ND
27 May 2003	2.34	3.41	ND
28 May 2003	2.35	3.44	ND
29 May 2003	2.27	3.34	ND
30 May 2003	2.30	3.37	ND
2 June 2003	2.37	3.43	ND
3 June 2003	2.25	3.34	ND
4 June 2003	2.19	3.30	ND
5 June 2003	2.25	3.34	ND
6 June 2003	2.29	3.37	ND
9 June 2003	2.20	3.29	ND
10 June 2003	2.12	3.20	ND
11 June 2003	2.16	3.21	ND
12 June 2003	2.10	3.18	ND
13 June 2003	2.08	3.13	ND
16 June 2003	2.14	3.18	ND
17 June 2003	2.26	3.27	ND
18 June 2003	2.34	3.37	ND
19 June 2003	2.28	3.35	ND
20 June 2003	2.31	3.40	ND
23 June 2003	2.24	3.32	ND
24 June 2003	2.21	3.29	ND
25 June 2003	2.32	3.38	ND
26 June 2003	2.49	3.55	ND
27 June 2003	2.52	3.58	ND
30 June 2003	2.46	3.54	ND
1 July 2003	2.48	3.56	ND
2 July 2003	2.47	3.56	ND
3 July 2003	2.55	3.67	ND
4 July 2003	ND	ND	ND
7 July 2003	2.63	3.74	ND
8 July 2003	2.65	3.75	ND
9 July 2003	2.63	3.73	ND
10 July 2003	2.59	3.70	ND
11 July 2003	2.52	3.66	ND
14 July 2003	2.60	3.74	ND
15 July 2003	2.81	3.94	ND
16 July 2003	2.87	3.97	ND
17 July 2003	2.88	3.98	ND
18 July 2003	2.93	4.00	ND
21 July 2003	3.10	4.19	ND
22 July 2003	3.07	4.17	ND
23 July 2003	3.04	4.12	ND
24 July 2003	3.08	4.20	ND
25 July 2003	3.10	4.22	ND
28 July 2003	3.21	4.31	ND
29 July 2003	3.33	4.42	ND
30 July 2003	3.27	4.34	ND
31 July 2003	3.38	4.49	ND
1 August 2003	3.37	4.44	ND
4 August 2003	3.24	4.35	ND
5 August 2003	3.37	4.47	ND
6 August 2003	3.25	4.32	ND
7 August 2003	3.19	4.30	ND
8 August 2003	3.17	4.27	ND
11 August 2003	3.26	4.38	ND
12 August 2003	3.23	4.37	ND
13 August 2003	3.43	4.58	ND
14 August 2003	3.42	4.55	ND
15 August 2003	3.42	4.55	ND
18 August 2003	3.37	4.49	ND
19 August 2003	3.27	4.38	ND
20 August 2003	3.35	4.45	ND
21 August 2003	3.51	4.53	ND
22 August 2003	3.47	4.48	ND
25 August 2003	3.52	4.53	ND
26 August 2003	3.50	4.50	ND
27 August 2003	3.55	4.54	ND
28 August 2003	3.42	4.42	ND
29 August 2003	3.46	4.45	ND
1 September 2003	ND	ND	ND
2 September 2003	3.63	4.61	ND
3 September 2003	3.61	4.60	ND
4 September 2003	3.50	4.52	ND
5 September 2003	3.28	4.35	ND
8 September 2003	3.32	4.41	ND
9 September 2003	3.28	4.37	ND
10 September 2003	3.18	4.28	ND
11 September 2003	3.24	4.35	ND
12 September 2003	3.15	4.27	ND
15 September 2003	3.12	4.28	ND
16 September 2003	3.12	4.29	ND
17 September 2003	3.06	4.20	ND
18 September 2003	3.09	4.19	ND
19 September 2003	3.11	4.17	ND
22 September 2003	3.16	4.26	ND
23 September 2003	3.13	4.24	ND
24 September 2003	3.07	4.16	ND
25 September 2003	3.05	4.12	ND
26 September 2003	2.95	4.04	ND
29 September 2003	2.98	4.09	ND
30 September 2003	2.85	3.96	ND
1 October 2003	2.84	3.96	ND
2 October 2003	2.90	4.03	ND
3 October 2003	3.12	4.21	ND
6 October 2003	3.06	4.17	ND
7 October 2003	3.15	4.27	ND
8 October 2003	3.14	4.27	ND
9 October 2003	3.17	4.32	ND
10 October 2003	3.15	4.29	ND
13 October 2003	ND	ND	ND
14 October 2003	3.23	4.37	ND
15 October 2003	3.30	4.43	ND
16 October 2003	3.40	4.47	ND
17 October 2003	3.33	4.41	ND
20 October 2003	3.33	4.41	ND
21 October 2003	3.31	4.38	ND
22 October 2003	3.21	4.29	ND
23 October 2003	3.24	4.34	ND
24 October 2003	3.13	4.24	ND
27 October 2003	3.21	4.30	ND
28 October 2003	3.11	4.23	ND
29 October 2003	3.20	4.31	ND
30 October 2003	3.29	4.36	ND
31 October 2003	3.27	4.33	ND
3 November 2003	3.34	4.40	ND
4 November 2003	3.28	4.33	ND
5 November 2003	3.35	4.38	ND
6 November 2003	3.43	4.45	ND
7 November 2003	3.47	4.48	ND
10 November 2003	3.49	4.49	ND
11 November 2003	ND	ND	ND
12 November 2003	3.45	4.44	ND
13 November 2003	3.29	4.30	ND
14 November 2003	3.19	4.22	ND
17 November 2003	3.14	4.18	ND
18 November 2003	3.14	4.17	ND
19 November 2003	3.22	4.24	ND
20 November 2003	3.14	4.16	ND
21 November 2003	3.15	4.15	ND
24 November 2003	3.24	4.23	ND
25 November 2003	3.20	4.19	ND
26 November 2003	3.27	4.25	ND
27 November 2003	ND	ND	ND
28 November 2003	3.38	4.34	ND
1 December 2003	3.46	4.40	ND
2 December 2003	3.43	4.38	ND
3 December 2003	3.46	4.41	ND
4 December 2003	3.42	4.38	ND
5 December 2003	3.23	4.23	ND
8 December 2003	3.28	4.29	ND
9 December 2003	3.33	4.32	ND
10 December 2003	3.28	4.30	ND
11 December 2003	3.21	4.27	ND
12 December 2003	3.23	4.26	ND
15 December 2003	3.26	4.28	ND
16 December 2003	3.21	4.24	ND
17 December 2003	3.18	4.19	ND
18 December 2003	3.17	4.16	ND
19 December 2003	3.16	4.15	ND
22 December 2003	3.19	4.18	ND
23 December 2003	3.30	4.28	ND
24 December 2003	3.20	4.20	ND
25 December 2003	ND	ND	ND
26 December 2003	3.17	4.17	ND
29 December 2003	3.23	4.24	ND
30 December 2003	3.26	4.29	ND
31 December 2003	3.25	4.27	ND
1 January 2004	ND	ND	ND
2 January 2004	3.36	4.38	ND
5 January 2004	3.39	4.41	ND
6 January 2004	3.26	4.29	ND
7 January 2004	3.25	4.27	ND
8 January 2004	3.24	4.27	ND
9 January 2004	3.05	4.11	ND
12 January 2004	3.04	4.11	ND
13 January 2004	2.98	4.05	ND
14 January 2004	2.96	4.01	ND
15 January 2004	2.97	3.99	ND
16 January 2004	3.03	4.04	ND
19 January 2004	ND	ND	ND
20 January 2004	3.05	4.08	ND
21 January 2004	3.02	4.05	ND
22 January 2004	2.96	3.99	ND
23 January 2004	3.06	4.09	ND
26 January 2004	3.13	4.16	ND
27 January 2004	3.07	4.11	ND
28 January 2004	3.22	4.22	ND
29 January 2004	3.22	4.22	ND
30 January 2004	3.17	4.16	ND
2 February 2004	3.18	4.18	ND
3 February 2004	3.12	4.13	ND
4 February 2004	3.15	4.15	ND
5 February 2004	3.21	4.20	ND
6 February 2004	3.12	4.12	ND
9 February 2004	3.08	4.09	ND
10 February 2004	3.13	4.13	ND
11 February 2004	3.03	4.05	ND
12 February 2004	3.07	4.10	ND
13 February 2004	3.01	4.05	ND
16 February 2004	ND	ND	ND
17 February 2004	3.02	4.05	ND
18 February 2004	3.03	4.05	ND
19 February 2004	3.02	4.05	ND
20 February 2004	3.08	4.10	ND
23 February 2004	3.03	4.05	ND
24 February 2004	3.01	4.04	ND
25 February 2004	2.98	4.02	ND
26 February 2004	3.01	4.05	ND
27 February 2004	3.01	3.99	ND
1 March 2004	2.98	4.00	ND
2 March 2004	3.04	4.05	ND
3 March 2004	3.06	4.07	ND
4 March 2004	3.02	4.04	ND
5 March 2004	2.81	3.85	ND
8 March 2004	2.74	3.78	ND
9 March 2004	2.68	3.73	ND
10 March 2004	2.71	3.74	ND
11 March 2004	2.72	3.74	ND
12 March 2004	2.73	3.78	ND
15 March 2004	2.74	3.78	ND
16 March 2004	2.65	3.70	ND
17 March 2004	2.66	3.71	ND
18 March 2004	2.72	3.76	ND
19 March 2004	2.75	3.80	ND
22 March 2004	2.69	3.74	ND
23 March 2004	2.69	3.73	ND
24 March 2004	2.68	3.73	ND
25 March 2004	2.70	3.75	ND
26 March 2004	2.81	3.85	ND
29 March 2004	2.86	3.91	ND
30 March 2004	2.86	3.91	ND
31 March 2004	2.80	3.86	ND
1 April 2004	2.87	3.91	ND
2 April 2004	3.15	4.15	ND
5 April 2004	3.24	4.24	ND
6 April 2004	3.19	4.19	ND
7 April 2004	3.19	4.19	ND
8 April 2004	3.22	4.21	ND
9 April 2004	ND	ND	ND
12 April 2004	3.26	4.25	ND
13 April 2004	3.37	4.35	ND
14 April 2004	3.44	4.40	ND
15 April 2004	3.45	4.42	ND
16 April 2004	3.39	4.37	ND
19 April 2004	3.42	4.39	ND
20 April 2004	3.45	4.43	ND
21 April 2004	3.52	4.45	ND
22 April 2004	3.46	4.40	ND
23 April 2004	3.58	4.48	ND
26 April 2004	3.57	4.46	ND
27 April 2004	3.52	4.43	ND
28 April 2004	3.60	4.50	ND
29 April 2004	3.66	4.55	ND
30 April 2004	3.63	4.53	ND
3 May 2004	3.63	4.53	ND
4 May 2004	3.66	4.56	ND
5 May 2004	3.71	4.61	ND
6 May 2004	3.72	4.63	ND
7 May 2004	3.96	4.79	ND
10 May 2004	3.95	4.81	ND
11 May 2004	3.94	4.79	ND
12 May 2004	3.96	4.83	ND
13 May 2004	4.01	4.85	ND
14 May 2004	3.92	4.79	ND
17 May 2004	3.83	4.70	ND
18 May 2004	3.87	4.74	ND
19 May 2004	3.93	4.79	ND
20 May 2004	3.86	4.72	ND
21 May 2004	3.91	4.76	ND
24 May 2004	3.90	4.75	ND
25 May 2004	3.89	4.73	ND
26 May 2004	3.81	4.67	ND
27 May 2004	3.74	4.60	ND
28 May 2004	3.81	4.66	ND
31 May 2004	ND	ND	ND
1 June 2004	3.86	4.71	ND
2 June 2004	3.91	4.74	ND
3 June 2004	3.89	4.71	ND
4 June 2004	3.97	4.78	ND
7 June 2004	3.95	4.78	ND
8 June 2004	3.96	4.78	ND
9 June 2004	4.01	4.82	ND
10 June 2004	4.00	4.81	ND
11 June 2004	ND	ND	ND
14 June 2004	4.10	4.89	ND
15 June 2004	3.90	4.69	ND
16 June 2004	3.96	4.74	ND
17 June 2004	3.93	4.71	ND
18 June 2004	3.94	4.72	ND
21 June 2004	3.91	4.70	ND
22 June 2004	3.92	4.72	ND
23 June 2004	3.90	4.71	ND
24 June 2004	3.85	4.66	ND
25 June 2004	3.85	4.66	ND
28 June 2004	3.97	4.76	ND
29 June 2004	3.92	4.70	ND
30 June 2004	3.81	4.62	ND
1 July 2004	3.74	4.57	ND
2 July 2004	3.62	4.48	ND
5 July 2004	ND	ND	ND
6 July 2004	3.65	4.49	ND
7 July 2004	3.67	4.50	ND
8 July 2004	3.65	4.49	ND
9 July 2004	3.64	4.49	ND
12 July 2004	3.62	4.46	ND
13 July 2004	3.66	4.50	ND
14 July 2004	3.68	4.50	ND
15 July 2004	3.69	4.50	ND
16 July 2004	3.56	4.38	ND
19 July 2004	3.57	4.38	ND
20 July 2004	3.68	4.47	ND
21 July 2004	3.72	4.50	ND
22 July 2004	3.71	4.48	ND
23 July 2004	3.69	4.45	ND
26 July 2004	3.73	4.49	ND
27 July 2004	3.85	4.62	ND
28 July 2004	3.82	4.61	ND
29 July 2004	3.80	4.60	ND
30 July 2004	3.71	4.50	ND
2 August 2004	3.68	4.48	ND
3 August 2004	3.67	4.45	ND
4 August 2004	3.66	4.45	ND
5 August 2004	3.64	4.43	ND
6 August 2004	3.40	4.24	ND
9 August 2004	3.45	4.28	ND
10 August 2004	3.52	4.32	ND
11 August 2004	3.51	4.30	ND
12 August 2004	3.47	4.27	ND
13 August 2004	3.42	4.22	ND
16 August 2004	3.45	4.26	ND
17 August 2004	3.39	4.21	ND
18 August 2004	3.41	4.23	ND
19 August 2004	3.39	4.22	ND
20 August 2004	3.42	4.24	ND
23 August 2004	3.46	4.28	ND
24 August 2004	3.46	4.28	ND
25 August 2004	3.46	4.26	ND
26 August 2004	3.42	4.22	ND
27 August 2004	3.43	4.23	ND
30 August 2004	3.40	4.19	ND
31 August 2004	3.33	4.13	ND
1 September 2004	3.32	4.13	ND
2 September 2004	3.40	4.20	ND
3 September 2004	3.52	4.30	ND
6 September 2004	ND	ND	ND
7 September 2004	3.48	4.26	ND
8 September 2004	3.40	4.18	ND
9 September 2004	3.41	4.22	ND
10 September 2004	3.40	4.19	ND
13 September 2004	3.38	4.16	ND
14 September 2004	3.35	4.15	ND
15 September 2004	3.39	4.18	ND
16 September 2004	3.29	4.08	ND
17 September 2004	3.35	4.14	ND
20 September 2004	3.28	4.07	ND
21 September 2004	3.28	4.05	ND
22 September 2004	3.26	4.00	ND
23 September 2004	3.30	4.02	ND
24 September 2004	3.33	4.04	ND
27 September 2004	3.29	4.01	ND
28 September 2004	3.28	4.02	ND
29 September 2004	3.37	4.10	ND
30 September 2004	3.38	4.14	ND
1 October 2004	3.44	4.21	ND
4 October 2004	3.44	4.19	ND
5 October 2004	3.44	4.18	ND
6 October 2004	3.51	4.23	ND
7 October 2004	3.53	4.26	ND
8 October 2004	3.39	4.15	ND
11 October 2004	ND	ND	ND
12 October 2004	3.35	4.12	ND
13 October 2004	3.32	4.09	ND
14 October 2004	3.26	4.03	ND
15 October 2004	3.31	4.07	ND
18 October 2004	3.31	4.07	ND
19 October 2004	3.32	4.07	ND
20 October 2004	3.26	4.01	ND
21 October 2004	3.29	4.01	ND
22 October 2004	3.26	4.00	ND
25 October 2004	3.25	3.99	ND
26 October 2004	3.26	4.01	ND
27 October 2004	3.37	4.11	ND
28 October 2004	3.34	4.09	ND
29 October 2004	3.30	4.05	ND
1 November 2004	3.36	4.11	ND
2 November 2004	3.34	4.10	ND
3 November 2004	3.35	4.09	ND
4 November 2004	3.37	4.10	ND
5 November 2004	3.51	4.21	ND
8 November 2004	3.51	4.22	ND
9 November 2004	3.53	4.22	ND
10 November 2004	3.56	4.25	ND
11 November 2004	ND	ND	ND
12 November 2004	3.53	4.20	ND
15 November 2004	3.53	4.20	ND
16 November 2004	3.56	4.21	ND
17 November 2004	3.47	4.14	ND
18 November 2004	3.48	4.12	ND
19 November 2004	3.57	4.20	ND
22 November 2004	3.56	4.18	ND
23 November 2004	3.58	4.19	ND
24 November 2004	3.61	4.20	ND
25 November 2004	ND	ND	ND
26 November 2004	3.64	4.24	ND
29 November 2004	3.72	4.34	ND
30 November 2004	3.72	4.36	ND
1 December 2004	3.72	4.38	ND
2 December 2004	3.75	4.40	ND
3 December 2004	3.61	4.27	ND
6 December 2004	3.59	4.24	ND
7 December 2004	3.60	4.23	ND
8 December 2004	3.53	4.14	ND
9 December 2004	3.54	4.19	ND
10 December 2004	3.52	4.16	ND
13 December 2004	3.54	4.16	ND
14 December 2004	3.53	4.14	ND
15 December 2004	3.48	4.09	ND
16 December 2004	3.58	4.19	ND
17 December 2004	3.59	4.21	ND
20 December 2004	3.59	4.21	ND
21 December 2004	3.57	4.18	ND
22 December 2004	3.57	4.21	ND
23 December 2004	3.58	4.23	ND
24 December 2004	ND	ND	ND
27 December 2004	3.65	4.30	ND
28 December 2004	3.66	4.31	ND
29 December 2004	3.69	4.33	ND
30 December 2004	3.64	4.27	ND
31 December 2004	3.63	4.24	ND
3 January 2005	3.64	4.23	ND
4 January 2005	3.72	4.29	ND
5 January 2005	3.73	4.29	ND
6 January 2005	3.71	4.29	ND
7 January 2005	3.73	4.29	ND
10 January 2005	3.75	4.29	ND
11 January 2005	3.73	4.26	ND
12 January 2005	3.72	4.25	ND
13 January 2005	3.68	4.20	ND
14 January 2005	3.71	4.23	ND
17 January 2005	ND	ND	ND
18 January 2005	3.72	4.21	ND
19 January 2005	3.73	4.20	ND
20 January 2005	3.68	4.17	ND
21 January 2005	3.65	4.16	ND
24 January 2005	3.65	4.14	ND
25 January 2005	3.71	4.20	ND
26 January 2005	3.73	4.21	ND
27 January 2005	3.75	4.22	ND
28 January 2005	3.69	4.16	ND
31 January 2005	3.71	4.14	ND
1 February 2005	3.71	4.15	ND
2 February 2005	3.73	4.15	ND
3 February 2005	3.76	4.18	ND
4 February 2005	3.68	4.09	ND
7 February 2005	3.67	4.07	ND
8 February 2005	3.68	4.05	ND
9 February 2005	3.58	4.00	ND
10 February 2005	3.65	4.07	ND
11 February 2005	3.70	4.10	ND
14 February 2005	3.70	4.08	ND
15 February 2005	3.71	4.10	ND
16 February 2005	3.78	4.16	ND
17 February 2005	3.78	4.19	ND
18 February 2005	3.86	4.27	ND
21 February 2005	ND	ND	ND
22 February 2005	3.88	4.29	ND
23 February 2005	3.87	4.27	ND
24 February 2005	3.91	4.29	ND
25 February 2005	3.91	4.27	ND
28 February 2005	4.00	4.36	ND
1 March 2005	4.02	4.38	ND
2 March 2005	4.00	4.38	ND
3 March 2005	4.02	4.39	ND
4 March 2005	3.97	4.32	ND
7 March 2005	3.99	4.31	ND
8 March 2005	4.05	4.38	ND
9 March 2005	4.16	4.52	ND
10 March 2005	4.13	4.48	ND
11 March 2005	4.22	4.56	ND
14 March 2005	4.20	4.52	ND
15 March 2005	4.22	4.54	ND
16 March 2005	4.18	4.52	ND
17 March 2005	4.14	4.47	ND
18 March 2005	4.18	4.51	ND
21 March 2005	4.18	4.53	ND
22 March 2005	4.31	4.63	ND
23 March 2005	4.30	4.61	ND
24 March 2005	4.30	4.60	ND
25 March 2005	ND	ND	ND
28 March 2005	4.33	4.64	ND
29 March 2005	4.30	4.60	ND
30 March 2005	4.26	4.56	ND
31 March 2005	4.18	4.50	ND
1 April 2005	4.13	4.46	ND
4 April 2005	4.13	4.47	ND
5 April 2005	4.15	4.48	ND
6 April 2005	4.09	4.44	ND
7 April 2005	4.13	4.49	ND
8 April 2005	4.17	4.50	ND
11 April 2005	4.13	4.45	ND
12 April 2005	4.05	4.38	ND
13 April 2005	4.03	4.38	ND
14 April 2005	3.99	4.37	ND
15 April 2005	3.90	4.27	ND
18 April 2005	3.90	4.27	ND
19 April 2005	3.85	4.21	ND
20 April 2005	3.86	4.22	ND
21 April 2005	3.97	4.32	ND
22 April 2005	3.92	4.26	ND
25 April 2005	3.94	4.26	ND
26 April 2005	3.96	4.28	ND
27 April 2005	3.92	4.25	ND
28 April 2005	3.85	4.19	ND
29 April 2005	3.90	4.21	ND
2 May 2005	3.88	4.21	ND
3 May 2005	3.90	4.21	ND
4 May 2005	3.87	4.20	ND
5 May 2005	3.82	4.19	ND
6 May 2005	3.95	4.28	ND
9 May 2005	3.99	4.29	ND
10 May 2005	3.93	4.23	ND
11 May 2005	3.91	4.21	ND
12 May 2005	3.87	4.18	ND
13 May 2005	3.83	4.12	ND
16 May 2005	3.83	4.13	ND
17 May 2005	3.82	4.12	ND
18 May 2005	3.77	4.07	ND
19 May 2005	3.84	4.11	ND
20 May 2005	3.88	4.13	ND
23 May 2005	3.83	4.07	ND
24 May 2005	3.78	4.04	ND
25 May 2005	3.81	4.08	ND
26 May 2005	3.82	4.08	ND
27 May 2005	3.82	4.08	ND
30 May 2005	ND	ND	ND
31 May 2005	3.76	4.00	ND
1 June 2005	3.63	3.91	ND
2 June 2005	3.65	3.89	ND
3 June 2005	3.73	3.98	ND
6 June 2005	3.73	3.96	ND
7 June 2005	3.70	3.92	ND
8 June 2005	3.73	3.95	ND
9 June 2005	3.76	3.98	ND
10 June 2005	3.84	4.05	ND
13 June 2005	3.87	4.09	ND
14 June 2005	3.89	4.13	ND
15 June 2005	3.90	4.12	ND
16 June 2005	3.87	4.09	ND
17 June 2005	3.88	4.09	ND
20 June 2005	3.88	4.11	ND
21 June 2005	3.84	4.06	ND
22 June 2005	3.72	3.95	ND
23 June 2005	3.74	3.96	ND
24 June 2005	3.69	3.92	ND
27 June 2005	3.69	3.90	ND
28 June 2005	3.76	3.97	ND
29 June 2005	3.77	3.99	ND
30 June 2005	3.72	3.94	ND
1 July 2005	3.84	4.06	ND
4 July 2005	ND	ND	ND
5 July 2005	3.90	4.11	ND
6 July 2005	3.86	4.08	ND
7 July 2005	3.83	4.05	ND
8 July 2005	3.89	4.11	ND
11 July 2005	3.91	4.11	ND
12 July 2005	3.94	4.15	ND
13 July 2005	3.96	4.17	ND
14 July 2005	3.98	4.19	ND
15 July 2005	3.98	4.18	ND
18 July 2005	4.01	4.22	ND
19 July 2005	3.99	4.20	ND
20 July 2005	3.99	4.17	ND
21 July 2005	4.09	4.28	ND
22 July 2005	4.04	4.23	ND
25 July 2005	4.06	4.25	ND
26 July 2005	4.06	4.24	ND
27 July 2005	4.09	4.27	ND
28 July 2005	4.04	4.20	ND
29 July 2005	4.12	4.28	ND
1 August 2005	4.16	4.32	ND
2 August 2005	4.17	4.34	ND
3 August 2005	4.13	4.30	ND
4 August 2005	4.15	4.32	ND
5 August 2005	4.24	4.40	ND
8 August 2005	4.28	4.42	ND
9 August 2005	4.25	4.41	ND
10 August 2005	4.24	4.40	ND
11 August 2005	4.18	4.32	ND
12 August 2005	4.11	4.24	ND
15 August 2005	4.15	4.27	ND
16 August 2005	4.10	4.23	ND
17 August 2005	4.15	4.28	ND
18 August 2005	4.08	4.21	ND
19 August 2005	4.08	4.21	ND
22 August 2005	4.08	4.22	ND
23 August 2005	4.07	4.20	ND
24 August 2005	4.06	4.19	ND
25 August 2005	4.06	4.18	ND
26 August 2005	4.09	4.20	ND
29 August 2005	4.08	4.20	ND
30 August 2005	4.03	4.16	ND
31 August 2005	3.87	4.02	ND
1 September 2005	3.85	4.02	ND
2 September 2005	3.85	4.03	ND
5 September 2005	ND	ND	ND
6 September 2005	3.89	4.09	ND
7 September 2005	3.93	4.15	ND
8 September 2005	3.94	4.15	ND
9 September 2005	3.94	4.14	ND
12 September 2005	3.98	4.18	ND
13 September 2005	3.93	4.14	ND
14 September 2005	3.96	4.17	ND
15 September 2005	3.99	4.22	ND
16 September 2005	4.05	4.26	ND
19 September 2005	4.02	4.25	ND
20 September 2005	4.06	4.26	ND
21 September 2005	4.01	4.19	ND
22 September 2005	3.99	4.19	ND
23 September 2005	4.07	4.25	ND
26 September 2005	4.11	4.30	ND
27 September 2005	4.13	4.30	ND
28 September 2005	4.11	4.26	ND
29 September 2005	4.14	4.29	ND
30 September 2005	4.18	4.34	ND
3 October 2005	4.25	4.39	ND
4 October 2005	4.24	4.38	ND
5 October 2005	4.23	4.36	ND
6 October 2005	4.23	4.37	ND
7 October 2005	4.23	4.35	ND
10 October 2005	ND	ND	ND
11 October 2005	4.27	4.39	ND
12 October 2005	4.32	4.45	ND
13 October 2005	4.32	4.48	ND
14 October 2005	4.34	4.48	ND
17 October 2005	4.36	4.50	ND
18 October 2005	4.34	4.49	ND
19 October 2005	4.32	4.47	ND
20 October 2005	4.33	4.46	ND
21 October 2005	4.26	4.39	ND
24 October 2005	4.32	4.45	ND
25 October 2005	4.41	4.54	ND
26 October 2005	4.46	4.60	ND
27 October 2005	4.43	4.57	ND
28 October 2005	4.46	4.58	ND
31 October 2005	4.45	4.57	ND
1 November 2005	4.47	4.58	ND
2 November 2005	4.50	4.61	ND
3 November 2005	4.55	4.65	ND
4 November 2005	4.56	4.66	ND
7 November 2005	4.55	4.65	ND
8 November 2005	4.49	4.57	ND
9 November 2005	4.55	4.64	ND
10 November 2005	4.49	4.55	ND
11 November 2005	ND	ND	ND
14 November 2005	4.54	4.61	ND
15 November 2005	4.51	4.56	ND
16 November 2005	4.43	4.49	ND
17 November 2005	4.39	4.46	ND
18 November 2005	4.43	4.50	ND
21 November 2005	4.39	4.46	ND
22 November 2005	4.34	4.43	ND
23 November 2005	4.38	4.47	ND
24 November 2005	ND	ND	ND
25 November 2005	4.34	4.43	ND
28 November 2005	4.32	4.41	ND
29 November 2005	4.40	4.48	ND
30 November 2005	4.42	4.49	ND
1 December 2005	4.45	4.52	ND
2 December 2005	4.45	4.52	ND
5 December 2005	4.50	4.57	ND
6 December 2005	4.42	4.49	ND
7 December 2005	4.43	4.52	ND
8 December 2005	4.36	4.47	ND
9 December 2005	4.44	4.54	ND
12 December 2005	4.46	4.56	ND
13 December 2005	4.44	4.54	ND
14 December 2005	4.36	4.45	ND
15 December 2005	4.38	4.47	ND
16 December 2005	4.36	4.45	ND
19 December 2005	4.37	4.45	ND
20 December 2005	4.40	4.47	ND
21 December 2005	4.42	4.49	ND
22 December 2005	4.38	4.44	ND
23 December 2005	4.32	4.38	ND
26 December 2005	ND	ND	ND
27 December 2005	4.30	4.34	ND
28 December 2005	4.32	4.38	ND
29 December 2005	4.33	4.37	ND
30 December 2005	4.35	4.39	ND
2 January 2006	ND	ND	ND
3 January 2006	4.30	4.37	ND
4 January 2006	4.28	4.36	ND
5 January 2006	4.29	4.36	ND
6 January 2006	4.32	4.38	ND
9 January 2006	4.32	4.38	ND
10 January 2006	4.36	4.43	ND
11 January 2006	4.39	4.46	ND
12 January 2006	4.35	4.42	ND
13 January 2006	4.28	4.36	ND
16 January 2006	ND	ND	ND
17 January 2006	4.27	4.34	ND
18 January 2006	4.28	4.34	ND
19 January 2006	4.31	4.38	ND
20 January 2006	4.31	4.37	ND
23 January 2006	4.30	4.36	ND
24 January 2006	4.32	4.40	ND
25 January 2006	4.41	4.49	ND
26 January 2006	4.44	4.53	ND
27 January 2006	4.45	4.52	ND
30 January 2006	4.46	4.54	ND
31 January 2006	4.47	4.53	ND
1 February 2006	4.51	4.57	ND
2 February 2006	4.51	4.57	ND
3 February 2006	4.50	4.54	ND
6 February 2006	4.51	4.55	ND
7 February 2006	4.52	4.57	ND
8 February 2006	4.55	4.56	ND
9 February 2006	4.55	4.54	4.51
10 February 2006	4.59	4.59	4.55
13 February 2006	4.58	4.58	4.56
14 February 2006	4.61	4.62	4.60
15 February 2006	4.60	4.61	4.58
16 February 2006	4.59	4.59	4.57
17 February 2006	4.55	4.54	4.51
20 February 2006	ND	ND	ND
21 February 2006	4.59	4.57	4.53
22 February 2006	4.57	4.53	4.48
23 February 2006	4.63	4.56	4.51
24 February 2006	4.64	4.58	4.52
27 February 2006	4.66	4.59	4.55
28 February 2006	4.61	4.55	4.51
1 March 2006	4.63	4.59	4.56
2 March 2006	4.68	4.64	4.62
3 March 2006	4.71	4.68	4.66
6 March 2006	4.76	4.74	4.72
7 March 2006	4.76	4.74	4.72
8 March 2006	4.75	4.73	4.72
9 March 2006	4.75	4.74	4.72
10 March 2006	4.77	4.76	4.74
13 March 2006	4.78	4.77	4.77
14 March 2006	4.68	4.71	4.71
15 March 2006	4.69	4.73	4.75
16 March 2006	4.60	4.65	4.70
17 March 2006	4.62	4.68	4.72
20 March 2006	4.61	4.66	4.70
21 March 2006	4.68	4.71	4.74
22 March 2006	4.69	4.70	4.73
23 March 2006	4.73	4.73	4.75
24 March 2006	4.66	4.67	4.70
27 March 2006	4.69	4.70	4.73
28 March 2006	4.79	4.79	4.80
29 March 2006	4.79	4.81	4.84
30 March 2006	4.83	4.86	4.89
31 March 2006	4.82	4.86	4.90
3 April 2006	4.85	4.88	4.90
4 April 2006	4.82	4.87	4.91
5 April 2006	4.79	4.84	4.90
6 April 2006	4.84	4.90	4.96
7 April 2006	4.89	4.97	5.04
10 April 2006	4.89	4.97	5.04
11 April 2006	4.86	4.93	5.00
12 April 2006	4.91	4.98	5.05
13 April 2006	4.97	5.05	5.11
14 April 2006	ND	ND	ND
17 April 2006	4.93	5.01	5.08
18 April 2006	4.87	4.99	5.07
19 April 2006	4.91	5.04	5.13
20 April 2006	4.92	5.04	5.14
21 April 2006	4.92	5.01	5.10
24 April 2006	4.90	4.99	5.07
25 April 2006	4.98	5.07	5.16
26 April 2006	5.02	5.12	5.18
27 April 2006	4.95	5.09	5.18
28 April 2006	4.92	5.07	5.17
1 May 2006	4.99	5.14	5.23
2 May 2006	4.98	5.12	5.20
3 May 2006	5.01	5.15	5.24
4 May 2006	5.03	5.16	5.23
5 May 2006	4.99	5.12	5.20
8 May 2006	5.01	5.12	5.19
9 May 2006	5.01	5.13	5.20
10 May 2006	5.03	5.13	5.19
11 May 2006	5.04	5.14	5.23
12 May 2006	5.08	5.19	5.29
15 May 2006	5.04	5.15	5.26
16 May 2006	4.99	5.10	5.22
17 May 2006	5.03	5.16	5.28
18 May 2006	4.96	5.08	5.18
19 May 2006	4.96	5.05	5.14
22 May 2006	4.94	5.04	5.13
23 May 2006	4.98	5.07	5.16
24 May 2006	4.93	5.03	5.13
25 May 2006	4.97	5.07	5.17
26 May 2006	4.95	5.06	5.16
29 May 2006	ND	ND	ND
30 May 2006	4.99	5.09	5.19
31 May 2006	5.04	5.12	5.21
1 June 2006	5.03	5.11	5.20
2 June 2006	4.90	5.00	5.10
5 June 2006	4.95	5.02	5.10
6 June 2006	4.95	5.01	5.08
7 June 2006	4.97	5.02	5.09
8 June 2006	4.95	5.00	5.06
9 June 2006	4.95	4.98	5.03
12 June 2006	4.95	4.99	5.03
13 June 2006	4.93	4.97	5.01
14 June 2006	5.03	5.05	5.09
15 June 2006	5.08	5.10	5.13
16 June 2006	5.10	5.13	5.17
19 June 2006	5.12	5.14	5.18
20 June 2006	5.13	5.15	5.19
21 June 2006	5.14	5.16	5.19
22 June 2006	5.18	5.20	5.23
23 June 2006	5.21	5.23	5.26
26 June 2006	5.22	5.25	5.28
27 June 2006	5.19	5.21	5.24
28 June 2006	5.23	5.25	5.28
29 June 2006	5.17	5.22	5.26
30 June 2006	5.10	5.15	5.19
3 July 2006	5.11	5.15	5.20
4 July 2006	ND	ND	ND
5 July 2006	5.19	5.23	5.27
6 July 2006	5.15	5.19	5.23
7 July 2006	5.10	5.14	5.18
10 July 2006	5.10	5.13	5.17
11 July 2006	5.07	5.10	5.14
12 July 2006	5.08	5.10	5.14
13 July 2006	5.04	5.08	5.12
14 July 2006	5.02	5.07	5.11
17 July 2006	5.04	5.07	5.10
18 July 2006	5.10	5.13	5.16
19 July 2006	5.02	5.06	5.10
20 July 2006	4.98	5.03	5.08
21 July 2006	4.99	5.05	5.10
24 July 2006	4.99	5.05	5.11
25 July 2006	5.02	5.07	5.13
26 July 2006	4.99	5.04	5.10
27 July 2006	4.98	5.07	5.11
28 July 2006	4.92	5.00	5.07
31 July 2006	4.91	4.99	5.07
1 August 2006	4.90	4.99	5.07
2 August 2006	4.88	4.96	5.05
3 August 2006	4.90	4.96	5.04
4 August 2006	4.84	4.91	5.00
7 August 2006	4.86	4.93	5.00
8 August 2006	4.85	4.93	5.02
9 August 2006	4.86	4.92	5.05
10 August 2006	4.86	4.93	5.06
11 August 2006	4.91	4.97	5.09
14 August 2006	4.95	5.00	5.12
15 August 2006	4.88	4.93	5.05
16 August 2006	4.81	4.87	5.00
17 August 2006	4.82	4.87	5.00
18 August 2006	4.78	4.84	4.97
21 August 2006	4.77	4.82	4.96
22 August 2006	4.77	4.82	4.95
23 August 2006	4.77	4.82	4.95
24 August 2006	4.78	4.81	4.94
25 August 2006	4.76	4.79	4.93
28 August 2006	4.77	4.80	4.94
29 August 2006	4.77	4.79	4.93
30 August 2006	4.72	4.76	4.91
31 August 2006	4.70	4.74	4.88
1 September 2006	4.68	4.73	4.87
4 September 2006	ND	ND	ND
5 September 2006	4.73	4.78	4.93
6 September 2006	4.75	4.80	4.95
7 September 2006	4.74	4.80	4.94
8 September 2006	4.71	4.78	4.92
11 September 2006	4.74	4.80	4.95
12 September 2006	4.71	4.78	4.91
13 September 2006	4.70	4.77	4.90
14 September 2006	4.74	4.79	4.92
15 September 2006	4.76	4.80	4.92
18 September 2006	4.77	4.81	4.93
19 September 2006	4.69	4.74	4.86
20 September 2006	4.70	4.73	4.85
21 September 2006	4.60	4.65	4.78
22 September 2006	4.55	4.60	4.74
25 September 2006	4.51	4.56	4.70
26 September 2006	4.55	4.59	4.71
27 September 2006	4.56	4.60	4.73
28 September 2006	4.57	4.63	4.76
29 September 2006	4.59	4.64	4.77
2 October 2006	4.56	4.62	4.76
3 October 2006	4.56	4.62	4.76
4 October 2006	4.50	4.57	4.72
5 October 2006	4.55	4.61	4.76
6 October 2006	4.64	4.70	4.84
9 October 2006	ND	ND	ND
10 October 2006	4.71	4.75	4.88
11 October 2006	4.75	4.78	4.91
12 October 2006	4.74	4.79	4.91
13 October 2006	4.77	4.81	4.94
16 October 2006	4.76	4.79	4.92
17 October 2006	4.73	4.78	4.91
18 October 2006	4.74	4.77	4.89
19 October 2006	4.75	4.79	4.91
20 October 2006	4.76	4.79	4.91
23 October 2006	4.80	4.83	4.95
24 October 2006	4.81	4.83	4.95
25 October 2006	4.75	4.78	4.89
26 October 2006	4.69	4.73	4.84
27 October 2006	4.64	4.68	4.80
30 October 2006	4.64	4.68	4.78
31 October 2006	4.57	4.61	4.72
1 November 2006	4.52	4.57	4.68
2 November 2006	4.55	4.60	4.72
3 November 2006	4.70	4.72	4.81
6 November 2006	4.69	4.71	4.79
7 November 2006	4.63	4.66	4.76
8 November 2006	4.61	4.64	4.73
9 November 2006	4.60	4.62	4.73
10 November 2006	4.57	4.59	4.69
13 November 2006	4.60	4.61	4.71
14 November 2006	4.57	4.57	4.66
15 November 2006	4.62	4.61	4.69
16 November 2006	4.67	4.66	4.74
17 November 2006	4.60	4.61	4.69
20 November 2006	4.60	4.60	4.68
21 November 2006	4.58	4.58	4.66
22 November 2006	4.57	4.57	4.65
23 November 2006	ND	ND	ND
24 November 2006	4.55	4.55	4.63
27 November 2006	4.54	4.54	4.62
28 November 2006	4.50	4.51	4.59
29 November 2006	4.51	4.52	4.61
30 November 2006	4.45	4.46	4.56
1 December 2006	4.39	4.43	4.54
4 December 2006	4.39	4.43	4.55
5 December 2006	4.39	4.45	4.57
6 December 2006	4.44	4.48	4.60
7 December 2006	4.45	4.49	4.60
8 December 2006	4.53	4.56	4.66
11 December 2006	4.50	4.52	4.63
12 December 2006	4.45	4.49	4.60
13 December 2006	4.54	4.58	4.69
14 December 2006	4.58	4.60	4.72
15 December 2006	4.57	4.60	4.72
18 December 2006	4.57	4.60	4.72
19 December 2006	4.57	4.60	4.73
20 December 2006	4.57	4.60	4.73
21 December 2006	4.52	4.55	4.70
22 December 2006	4.59	4.63	4.76
25 December 2006	ND	ND	ND
26 December 2006	4.58	4.61	4.73
27 December 2006	4.64	4.66	4.78
28 December 2006	4.69	4.70	4.81
29 December 2006	4.70	4.71	4.81
1 January 2007	ND	ND	ND
2 January 2007	4.68	4.68	4.79
3 January 2007	4.66	4.67	4.77
4 January 2007	4.61	4.62	4.72
5 January 2007	4.65	4.65	4.74
8 January 2007	4.66	4.66	4.74
9 January 2007	4.65	4.66	4.74
10 January 2007	4.68	4.69	4.77
11 January 2007	4.73	4.74	4.82
12 January 2007	4.76	4.77	4.86
15 January 2007	ND	ND	ND
16 January 2007	4.74	4.75	4.85
17 January 2007	4.78	4.79	4.88
18 January 2007	4.75	4.75	4.85
19 January 2007	4.78	4.78	4.87
22 January 2007	4.77	4.76	4.84
23 January 2007	4.81	4.81	4.90
24 January 2007	4.81	4.81	4.91
25 January 2007	4.85	4.87	4.96
26 January 2007	4.87	4.88	4.98
29 January 2007	4.89	4.90	4.99
30 January 2007	4.86	4.88	4.98
31 January 2007	4.82	4.83	4.93
1 February 2007	4.84	4.84	4.93
2 February 2007	4.82	4.83	4.93
5 February 2007	4.80	4.81	4.91
6 February 2007	4.76	4.77	4.87
7 February 2007	4.74	4.74	4.86
8 February 2007	4.73	4.73	4.81
9 February 2007	4.78	4.79	4.87
12 February 2007	4.80	4.80	4.88
13 February 2007	4.81	4.82	4.90
14 February 2007	4.72	4.74	4.83
15 February 2007	4.68	4.70	4.81
16 February 2007	4.68	4.69	4.79
19 February 2007	ND	ND	ND
20 February 2007	4.67	4.68	4.78
21 February 2007	4.68	4.69	4.79
22 February 2007	4.72	4.73	4.83
23 February 2007	4.67	4.68	4.79
26 February 2007	4.62	4.63	4.73
27 February 2007	4.46	4.50	4.62
28 February 2007	4.52	4.56	4.68
1 March 2007	4.50	4.56	4.68
2 March 2007	4.46	4.52	4.65
5 March 2007	4.45	4.51	4.64
6 March 2007	4.48	4.53	4.66
7 March 2007	4.45	4.50	4.64
8 March 2007	4.45	4.51	4.65
9 March 2007	4.55	4.59	4.72
12 March 2007	4.50	4.56	4.69
13 March 2007	4.41	4.50	4.66
14 March 2007	4.44	4.53	4.69
15 March 2007	4.46	4.54	4.69
16 March 2007	4.47	4.55	4.70
19 March 2007	4.50	4.58	4.72
20 March 2007	4.47	4.56	4.71
21 March 2007	4.43	4.53	4.70
22 March 2007	4.49	4.60	4.78
23 March 2007	4.52	4.62	4.80
26 March 2007	4.48	4.60	4.79
27 March 2007	4.50	4.62	4.81
28 March 2007	4.50	4.62	4.83
29 March 2007	4.53	4.64	4.83
30 March 2007	4.54	4.65	4.84
2 April 2007	4.54	4.65	4.84
3 April 2007	4.56	4.67	4.85
4 April 2007	4.55	4.66	4.85
5 April 2007	4.57	4.68	4.87
6 April 2007	4.67	4.76	4.92
9 April 2007	4.66	4.75	4.92
10 April 2007	4.63	4.73	4.91
11 April 2007	4.66	4.74	4.92
12 April 2007	4.66	4.74	4.91
13 April 2007	4.68	4.76	4.93
16 April 2007	4.67	4.74	4.89
17 April 2007	4.61	4.69	4.85
18 April 2007	4.56	4.66	4.81
19 April 2007	4.57	4.68	4.84
20 April 2007	4.57	4.68	4.85
23 April 2007	4.55	4.66	4.83
24 April 2007	4.51	4.63	4.80
25 April 2007	4.55	4.66	4.83
26 April 2007	4.59	4.69	4.87
27 April 2007	4.59	4.71	4.89
30 April 2007	4.51	4.63	4.81
1 May 2007	4.54	4.64	4.81
2 May 2007	4.55	4.65	4.82
3 May 2007	4.59	4.68	4.84
4 May 2007	4.55	4.65	4.80
7 May 2007	4.55	4.64	4.79
8 May 2007	4.54	4.63	4.80
9 May 2007	4.58	4.67	4.83
10 May 2007	4.56	4.65	4.83
11 May 2007	4.58	4.67	4.85
14 May 2007	4.61	4.69	4.86
15 May 2007	4.63	4.71	4.88
16 May 2007	4.62	4.71	4.88
17 May 2007	4.68	4.76	4.91
18 May 2007	4.74	4.81	4.96
21 May 2007	4.71	4.79	4.94
22 May 2007	4.76	4.83	4.98
23 May 2007	4.79	4.86	5.01
24 May 2007	4.79	4.86	5.00
25 May 2007	4.80	4.86	5.01
28 May 2007	ND	ND	ND
29 May 2007	4.82	4.88	5.01
30 May 2007	4.83	4.88	5.01
31 May 2007	4.86	4.90	5.01
1 June 2007	4.92	4.95	5.06
4 June 2007	4.91	4.93	5.02
5 June 2007	4.96	4.98	5.07
6 June 2007	4.94	4.97	5.08
7 June 2007	5.05	5.11	5.20
8 June 2007	5.06	5.12	5.22
11 June 2007	5.07	5.14	5.24
12 June 2007	5.18	5.26	5.35
13 June 2007	5.13	5.20	5.28
14 June 2007	5.16	5.23	5.30
15 June 2007	5.10	5.16	5.26
18 June 2007	5.07	5.15	5.26
19 June 2007	5.00	5.09	5.20
20 June 2007	5.05	5.14	5.24
21 June 2007	5.06	5.16	5.28
22 June 2007	5.02	5.14	5.25
25 June 2007	4.97	5.09	5.20
26 June 2007	4.99	5.10	5.22
27 June 2007	4.97	5.09	5.20
28 June 2007	5.02	5.12	5.22
29 June 2007	4.92	5.03	5.12
2 July 2007	4.90	5.00	5.09
3 July 2007	4.95	5.05	5.14
4 July 2007	ND	ND	ND
5 July 2007	5.05	5.16	5.24
6 July 2007	5.10	5.19	5.28
9 July 2007	5.07	5.16	5.25
10 July 2007	4.93	5.03	5.14
11 July 2007	4.98	5.09	5.18
12 July 2007	5.03	5.13	5.22
13 July 2007	5.01	5.11	5.19
16 July 2007	4.95	5.05	5.14
17 July 2007	4.98	5.08	5.16
18 July 2007	4.91	5.02	5.10
19 July 2007	4.94	5.04	5.12
20 July 2007	4.85	4.96	5.07
23 July 2007	4.86	4.97	5.07
24 July 2007	4.82	4.94	5.05
25 July 2007	4.80	4.92	5.04
26 July 2007	4.61	4.79	4.95
27 July 2007	4.60	4.80	4.95
30 July 2007	4.64	4.82	4.97
31 July 2007	4.60	4.78	4.92
1 August 2007	4.60	4.76	4.90
2 August 2007	4.62	4.77	4.91
3 August 2007	4.52	4.71	4.87
6 August 2007	4.52	4.72	4.89
7 August 2007	4.60	4.77	4.92
8 August 2007	4.69	4.84	5.01
9 August 2007	4.58	4.79	5.02
10 August 2007	4.59	4.81	5.03
13 August 2007	4.57	4.78	5.01
14 August 2007	4.51	4.73	4.99
15 August 2007	4.41	4.69	5.00
16 August 2007	4.26	4.60	4.92
17 August 2007	4.35	4.68	5.00
20 August 2007	4.32	4.64	4.98
21 August 2007	4.27	4.60	4.95
22 August 2007	4.34	4.63	4.96
23 August 2007	4.36	4.62	4.93
24 August 2007	4.42	4.63	4.88
27 August 2007	4.39	4.60	4.87
28 August 2007	4.25	4.53	4.86
29 August 2007	4.31	4.57	4.88
30 August 2007	4.21	4.51	4.83
31 August 2007	4.25	4.54	4.83
3 September 2007	ND	ND	ND
4 September 2007	4.26	4.56	4.84
5 September 2007	4.16	4.48	4.78
6 September 2007	4.20	4.51	4.79
7 September 2007	4.03	4.38	4.70
10 September 2007	4.00	4.34	4.65
11 September 2007	4.07	4.37	4.65
12 September 2007	4.11	4.41	4.68
13 September 2007	4.22	4.49	4.75
14 September 2007	4.18	4.47	4.72
17 September 2007	4.21	4.48	4.72
18 September 2007	4.19	4.50	4.77
19 September 2007	4.20	4.53	4.83
20 September 2007	4.35	4.69	4.96
21 September 2007	4.31	4.64	4.89
24 September 2007	4.31	4.63	4.88
25 September 2007	4.26	4.63	4.89
26 September 2007	4.27	4.63	4.90
27 September 2007	4.22	4.58	4.84
28 September 2007	4.23	4.59	4.83
1 October 2007	4.24	4.56	4.79
2 October 2007	4.20	4.54	4.77
3 October 2007	4.24	4.55	4.79
4 October 2007	4.22	4.54	4.77
5 October 2007	4.33	4.65	4.87
8 October 2007	ND	ND	ND
9 October 2007	4.38	4.67	4.87
10 October 2007	4.37	4.65	4.86
11 October 2007	4.36	4.66	4.87
12 October 2007	4.42	4.70	4.91
15 October 2007	4.40	4.69	4.91
16 October 2007	4.34	4.66	4.90
17 October 2007	4.22	4.57	4.82
18 October 2007	4.17	4.52	4.78
19 October 2007	4.03	4.41	4.68
22 October 2007	4.08	4.42	4.68
23 October 2007	4.06	4.41	4.69
24 October 2007	3.99	4.36	4.64
25 October 2007	4.01	4.37	4.66
26 October 2007	4.04	4.41	4.68
29 October 2007	4.04	4.39	4.66
30 October 2007	4.06	4.40	4.68
31 October 2007	4.16	4.48	4.74
1 November 2007	4.02	4.36	4.64
2 November 2007	3.93	4.31	4.61
5 November 2007	3.96	4.35	4.63
6 November 2007	3.99	4.38	4.66
7 November 2007	3.92	4.34	4.67
8 November 2007	3.81	4.28	4.67
9 November 2007	3.77	4.23	4.61
12 November 2007	ND	ND	ND
13 November 2007	3.84	4.26	4.61
14 November 2007	3.86	4.28	4.61
15 November 2007	3.71	4.17	4.54
16 November 2007	3.68	4.15	4.52
19 November 2007	3.57	4.07	4.47
20 November 2007	3.52	4.06	4.49
21 November 2007	3.40	4.00	4.46
22 November 2007	ND	ND	ND
23 November 2007	3.42	4.01	4.43
26 November 2007	3.23	3.83	4.26
27 November 2007	3.38	3.95	4.36
28 November 2007	3.50	4.03	4.41
29 November 2007	3.42	3.94	4.35
30 November 2007	3.41	3.97	4.40
3 December 2007	3.28	3.89	4.34
4 December 2007	3.28	3.89	4.34
5 December 2007	3.28	3.92	4.39
6 December 2007	3.39	4.02	4.49
7 December 2007	3.51	4.12	4.58
10 December 2007	3.54	4.15	4.60
11 December 2007	3.32	3.98	4.47
12 December 2007	3.41	4.05	4.51
13 December 2007	3.54	4.18	4.61
14 December 2007	3.63	4.24	4.66
17 December 2007	3.57	4.20	4.62
18 December 2007	3.53	4.14	4.55
19 December 2007	3.46	4.06	4.47
20 December 2007	3.45	4.04	4.46
21 December 2007	3.58	4.18	4.58
24 December 2007	3.65	4.23	4.62
25 December 2007	ND	ND	ND
26 December 2007	3.72	4.30	4.68
27 December 2007	3.64	4.21	4.61
28 December 2007	3.52	4.11	4.51
31 December 2007	3.45	4.04	4.45
1 January 2008	ND	ND	ND
2 January 2008	3.28	3.91	4.35
3 January 2008	3.26	3.91	4.37
4 January 2008	3.18	3.88	4.36
7 January 2008	3.16	3.86	4.34
8 January 2008	3.16	3.86	4.35
9 January 2008	3.10	3.82	4.32
10 January 2008	3.16	3.91	4.44
11 January 2008	3.06	3.82	4.39
14 January 2008	3.08	3.81	4.37
15 January 2008	3.00	3.72	4.28
16 January 2008	3.00	3.74	4.32
17 January 2008	2.90	3.66	4.25
18 January 2008	2.86	3.66	4.28
21 January 2008	ND	ND	ND
22 January 2008	2.64	3.52	4.23
23 January 2008	2.64	3.51	4.23
24 January 2008	2.85	3.68	4.36
25 January 2008	2.81	3.61	4.28
28 January 2008	2.80	3.61	4.29
29 January 2008	2.87	3.69	4.34
30 January 2008	2.96	3.78	4.44
31 January 2008	2.82	3.67	4.35
1 February 2008	2.75	3.62	4.32
4 February 2008	2.78	3.68	4.37
5 February 2008	2.66	3.61	4.33
6 February 2008	2.67	3.61	4.37
7 February 2008	2.79	3.74	4.51
8 February 2008	2.69	3.64	4.43
11 February 2008	2.67	3.62	4.41
12 February 2008	2.71	3.66	4.46
13 February 2008	2.71	3.70	4.52
14 February 2008	2.81	3.85	4.67
15 February 2008	2.76	3.76	4.58
18 February 2008	ND	ND	ND
19 February 2008	2.93	3.89	4.66
20 February 2008	3.02	3.93	4.65
21 February 2008	2.80	3.77	4.54
22 February 2008	2.81	3.79	4.58
25 February 2008	2.98	3.91	4.67
26 February 2008	2.92	3.88	4.66
27 February 2008	2.89	3.85	4.65
28 February 2008	2.73	3.71	4.55
29 February 2008	2.50	3.53	4.41
3 March 2008	2.48	3.54	4.42
4 March 2008	2.53	3.63	4.52
5 March 2008	2.59	3.70	4.60
6 March 2008	2.50	3.62	4.57
7 March 2008	2.45	3.56	4.55
10 March 2008	2.37	3.46	4.45
11 March 2008	2.61	3.60	4.53
12 March 2008	2.49	3.49	4.40
13 March 2008	2.53	3.56	4.47
14 March 2008	2.37	3.44	4.35
17 March 2008	2.23	3.34	4.29
18 March 2008	2.42	3.48	4.35
19 March 2008	2.36	3.38	4.22
20 March 2008	2.36	3.34	4.17
21 March 2008	ND	ND	ND
24 March 2008	2.64	3.56	4.33
25 March 2008	2.61	3.51	4.30
26 March 2008	2.55	3.51	4.33
27 March 2008	2.61	3.56	4.38
28 March 2008	2.51	3.47	4.33
31 March 2008	2.46	3.45	4.30
1 April 2008	2.65	3.57	4.40
2 April 2008	2.72	3.60	4.38
3 April 2008	2.75	3.61	4.40
4 April 2008	2.63	3.50	4.32
7 April 2008	2.75	3.57	4.36
8 April 2008	2.72	3.58	4.37
9 April 2008	2.59	3.49	4.31
10 April 2008	2.66	3.55	4.34
11 April 2008	2.57	3.49	4.30
14 April 2008	2.60	3.53	4.35
15 April 2008	2.68	3.60	4.42
16 April 2008	2.82	3.72	4.54
17 April 2008	2.90	3.75	4.54
18 April 2008	2.95	3.77	4.51
21 April 2008	2.95	3.75	4.48
22 April 2008	2.96	3.74	4.46
23 April 2008	2.98	3.77	4.49
24 April 2008	3.15	3.87	4.56
25 April 2008	3.20	3.91	4.61
28 April 2008	3.14	3.86	4.57
29 April 2008	3.11	3.85	4.55
30 April 2008	3.03	3.77	4.49
1 May 2008	3.06	3.78	4.49
2 May 2008	3.18	3.89	4.57
5 May 2008	3.14	3.88	4.58
6 May 2008	3.15	3.93	4.64
7 May 2008	3.09	3.87	4.61
8 May 2008	2.99	3.79	4.50
9 May 2008	2.98	3.77	4.53
12 May 2008	3.00	3.78	4.53
13 May 2008	3.17	3.90	4.62
14 May 2008	3.22	3.92	4.63
15 May 2008	3.10	3.83	4.56
16 May 2008	3.12	3.85	4.58
19 May 2008	3.09	3.83	4.56
20 May 2008	3.02	3.78	4.53
21 May 2008	3.09	3.81	4.55
22 May 2008	3.24	3.92	4.63
23 May 2008	3.15	3.85	4.57
26 May 2008	ND	ND	ND
27 May 2008	3.25	3.93	4.65
28 May 2008	3.36	4.03	4.71
29 May 2008	3.41	4.08	4.76
30 May 2008	3.41	4.06	4.72
2 June 2008	3.28	3.98	4.68
3 June 2008	3.21	3.92	4.63
4 June 2008	3.26	3.98	4.71
5 June 2008	3.34	4.06	4.75
6 June 2008	3.20	3.94	4.65
9 June 2008	3.41	4.02	4.64
10 June 2008	3.54	4.11	4.70
11 June 2008	3.49	4.10	4.72
12 June 2008	3.68	4.23	4.77
13 June 2008	3.73	4.27	4.79
16 June 2008	3.73	4.25	4.77
17 June 2008	3.66	4.23	4.78
18 June 2008	3.57	4.16	4.72
19 June 2008	3.67	4.22	4.76
20 June 2008	3.57	4.16	4.71
23 June 2008	3.65	4.19	4.71
24 June 2008	3.52	4.10	4.65
25 June 2008	3.54	4.12	4.65
26 June 2008	3.44	4.07	4.62
27 June 2008	3.36	3.99	4.53
30 June 2008	3.34	3.99	4.53
1 July 2008	3.33	4.01	4.55
2 July 2008	3.31	3.99	4.51
3 July 2008	3.28	3.99	4.53
4 July 2008	ND	ND	ND
7 July 2008	3.23	3.95	4.51
8 July 2008	3.19	3.91	4.46
9 July 2008	3.11	3.85	4.42
10 July 2008	3.10	3.83	4.42
11 July 2008	3.27	3.96	4.52
14 July 2008	3.20	3.90	4.47
15 July 2008	3.12	3.87	4.48
16 July 2008	3.20	3.97	4.59
17 July 2008	3.35	4.07	4.65
18 July 2008	3.42	4.11	4.66
21 July 2008	3.41	4.09	4.64
22 July 2008	3.48	4.14	4.67
23 July 2008	3.51	4.16	4.69
24 July 2008	3.37	4.03	4.60
25 July 2008	3.45	4.13	4.69
28 July 2008	3.34	4.06	4.63
29 July 2008	3.39	4.09	4.64
30 July 2008	3.36	4.07	4.64
31 July 2008	3.25	3.99	4.59
1 August 2008	3.23	3.97	4.57
4 August 2008	3.23	3.98	4.58
5 August 2008	3.28	4.04	4.63
6 August 2008	3.30	4.06	4.68
7 August 2008	3.16	3.92	4.56
8 August 2008	3.21	3.94	4.55
11 August 2008	3.27	3.99	4.61
12 August 2008	3.16	3.91	4.55
13 August 2008	3.21	3.94	4.57
14 August 2008	3.15	3.89	4.52
15 August 2008	3.11	3.84	4.47
18 August 2008	3.07	3.82	4.44
19 August 2008	3.07	3.83	4.47
20 August 2008	3.00	3.79	4.43
21 August 2008	3.08	3.84	4.46
22 August 2008	3.14	3.87	4.46
25 August 2008	3.04	3.79	4.40
26 August 2008	3.06	3.79	4.40
27 August 2008	3.02	3.77	4.38
28 August 2008	3.09	3.79	4.38
29 August 2008	3.10	3.83	4.43
1 September 2008	ND	ND	ND
2 September 2008	3.00	3.74	4.36
3 September 2008	2.95	3.71	4.32
4 September 2008	2.87	3.64	4.27
5 September 2008	2.91	3.66	4.27
8 September 2008	2.96	3.66	4.26
9 September 2008	2.90	3.62	4.20
10 September 2008	2.91	3.65	4.23
11 September 2008	2.87	3.64	4.20
12 September 2008	2.97	3.74	4.32
15 September 2008	2.59	3.47	4.12
16 September 2008	2.64	3.48	4.08
17 September 2008	2.52	3.41	4.08
18 September 2008	2.67	3.54	4.14
19 September 2008	3.01	3.78	4.36
22 September 2008	3.04	3.83	4.41
23 September 2008	3.03	3.85	4.43
24 September 2008	2.91	3.80	4.40
25 September 2008	3.09	3.88	4.40
26 September 2008	3.05	3.85	4.36
29 September 2008	2.70	3.61	4.13
30 September 2008	2.98	3.85	4.31
1 October 2008	2.87	3.77	4.22
2 October 2008	2.68	3.66	4.16
3 October 2008	2.64	3.63	4.11
6 October 2008	2.45	3.48	3.99
7 October 2008	2.45	3.50	4.01
8 October 2008	2.70	3.72	4.09
9 October 2008	2.79	3.84	4.14
10 October 2008	2.77	3.89	4.15
13 October 2008	ND	ND	ND
14 October 2008	3.01	4.08	4.27
15 October 2008	2.90	4.04	4.25
16 October 2008	2.84	3.99	4.25
17 October 2008	2.83	3.98	4.32
20 October 2008	2.82	3.91	4.26
21 October 2008	2.63	3.76	4.20
22 October 2008	2.56	3.65	4.07
23 October 2008	2.57	3.63	3.99
24 October 2008	2.64	3.76	4.11
27 October 2008	2.67	3.79	4.12
28 October 2008	2.75	3.89	4.19
29 October 2008	2.77	3.93	4.26
30 October 2008	2.84	4.00	4.30
31 October 2008	2.80	4.01	4.35
3 November 2008	2.71	3.96	4.33
4 November 2008	2.56	3.81	4.20
5 November 2008	2.50	3.73	4.13
6 November 2008	2.46	3.75	4.19
7 November 2008	2.56	3.83	4.25
10 November 2008	2.51	3.82	4.21
11 November 2008	ND	ND	ND
12 November 2008	2.37	3.75	4.17
13 November 2008	2.43	3.84	4.34
14 November 2008	2.33	3.72	4.22
17 November 2008	2.32	3.68	4.20
18 November 2008	2.22	3.53	4.14
19 November 2008	2.08	3.38	3.96
20 November 2008	1.94	3.10	3.64
21 November 2008	2.02	3.20	3.70
24 November 2008	2.24	3.35	3.78
25 November 2008	2.06	3.11	3.63
26 November 2008	2.01	2.99	3.54
27 November 2008	ND	ND	ND
28 November 2008	1.93	2.93	3.45
1 December 2008	1.71	2.72	3.22
2 December 2008	1.65	2.68	3.18
3 December 2008	1.60	2.67	3.17
4 December 2008	1.51	2.55	3.06
5 December 2008	1.67	2.67	3.11
8 December 2008	1.76	2.77	3.16
9 December 2008	1.61	2.67	3.06
10 December 2008	1.62	2.69	3.09
11 December 2008	1.55	2.64	3.07
12 December 2008	1.55	2.60	3.07
15 December 2008	1.50	2.53	2.98
16 December 2008	1.34	2.37	2.86
17 December 2008	1.35	2.20	2.66
18 December 2008	1.26	2.08	2.53
19 December 2008	1.35	2.13	2.55
22 December 2008	1.40	2.16	2.60
23 December 2008	1.53	2.18	2.63
24 December 2008	1.54	2.20	2.63
25 December 2008	ND	ND	ND
26 December 2008	1.51	2.16	2.61
29 December 2008	1.45	2.13	2.63
30 December 2008	1.47	2.11	2.58
31 December 2008	1.55	2.25	2.69
1 January 2009	ND	ND	ND
2 January 2009	1.72	2.46	2.83
5 January 2009	1.67	2.49	3.00
6 January 2009	1.68	2.51	3.04
7 January 2009	1.66	2.52	3.05
8 January 2009	1.60	2.47	3.04
9 January 2009	1.51	2.43	3.04
12 January 2009	1.45	2.34	2.99
13 January 2009	1.44	2.33	3.00
14 January 2009	1.36	2.24	2.89
15 January 2009	1.36	2.23	2.86
16 January 2009	1.47	2.36	2.89
19 January 2009	ND	ND	ND
20 January 2009	1.48	2.40	2.97
21 January 2009	1.60	2.56	3.15
22 January 2009	1.61	2.62	3.25
23 January 2009	1.64	2.65	3.32
26 January 2009	1.67	2.70	3.39
27 January 2009	1.59	2.59	3.26
28 January 2009	1.70	2.71	3.44
29 January 2009	1.87	2.87	3.57
30 January 2009	1.85	2.87	3.58
2 February 2009	1.75	2.76	3.47
3 February 2009	1.88	2.89	3.64
4 February 2009	1.91	2.95	3.65
5 February 2009	1.89	2.95	3.63
6 February 2009	1.97	3.05	3.70
9 February 2009	1.99	3.07	3.69
10 February 2009	1.79	2.90	3.54
11 February 2009	1.76	2.78	3.45
12 February 2009	1.73	2.75	3.47
13 February 2009	1.88	2.89	3.68
16 February 2009	ND	ND	ND
17 February 2009	1.65	2.64	3.47
18 February 2009	1.81	2.74	3.54
19 February 2009	1.89	2.85	3.68
20 February 2009	1.81	2.78	3.56
23 February 2009	1.84	2.78	3.53
24 February 2009	1.89	2.80	3.49
25 February 2009	2.06	2.95	3.59
26 February 2009	2.07	2.98	3.66
27 February 2009	1.99	3.02	3.71
2 March 2009	1.86	2.91	3.64
3 March 2009	1.87	2.93	3.67
4 March 2009	1.97	3.01	3.69
5 March 2009	1.82	2.83	3.51
6 March 2009	1.83	2.83	3.50
9 March 2009	1.90	2.89	3.59
10 March 2009	1.99	2.99	3.70
11 March 2009	1.96	2.95	3.67
12 March 2009	1.92	2.89	3.63
13 March 2009	1.87	2.89	3.66
16 March 2009	1.91	2.97	3.76
17 March 2009	2.00	3.02	3.83
18 March 2009	1.54	2.51	3.57
19 March 2009	1.64	2.61	3.62
20 March 2009	1.66	2.65	3.65
23 March 2009	1.69	2.68	3.69
24 March 2009	1.70	2.68	3.60
25 March 2009	1.84	2.81	3.73
26 March 2009	1.80	2.76	3.66
27 March 2009	1.79	2.78	3.62
30 March 2009	1.72	2.73	3.60
31 March 2009	1.67	2.71	3.56
1 April 2009	1.65	2.68	3.51
2 April 2009	1.74	2.77	3.57
3 April 2009	1.87	2.91	3.70
6 April 2009	1.90	2.95	3.73
7 April 2009	1.87	2.93	3.72
8 April 2009	1.83	2.86	3.66
9 April 2009	1.90	2.96	3.76
10 April 2009	ND	ND	ND
13 April 2009	1.81	2.88	3.69
14 April 2009	1.71	2.80	3.64
15 April 2009	1.71	2.82	3.66
16 April 2009	1.79	2.86	3.72
17 April 2009	1.91	2.98	3.79
20 April 2009	1.82	2.88	3.69
21 April 2009	1.87	2.94	3.74
22 April 2009	1.92	2.98	3.82
23 April 2009	1.89	2.96	3.80
24 April 2009	1.96	3.03	3.89
27 April 2009	1.87	2.95	3.84
28 April 2009	1.97	3.05	3.97
29 April 2009	2.01	3.12	4.01
30 April 2009	2.02	3.16	4.05
1 May 2009	2.03	3.21	4.09
4 May 2009	2.03	3.19	4.06
5 May 2009	2.05	3.20	4.06
6 May 2009	2.06	3.18	4.09
7 May 2009	2.15	3.29	4.25
8 May 2009	2.15	3.29	4.28
11 May 2009	2.04	3.17	4.18
12 May 2009	2.02	3.17	4.16
13 May 2009	1.98	3.11	4.09
14 May 2009	1.98	3.10	4.06
15 May 2009	2.01	3.14	4.09
18 May 2009	2.09	3.22	4.18
19 May 2009	2.12	3.25	4.21
20 May 2009	2.05	3.19	4.14
21 May 2009	2.16	3.35	4.30
22 May 2009	2.23	3.45	4.38
25 May 2009	ND	ND	ND
26 May 2009	2.30	3.50	4.45
27 May 2009	2.43	3.71	4.59
28 May 2009	2.46	3.67	4.54
29 May 2009	2.34	3.47	4.34
1 June 2009	2.55	3.71	4.55
2 June 2009	2.52	3.65	4.50
3 June 2009	2.43	3.56	4.45
4 June 2009	2.56	3.72	4.58
5 June 2009	2.85	3.84	4.63
8 June 2009	2.95	3.91	4.65
9 June 2009	2.86	3.86	4.64
10 June 2009	2.93	3.98	4.76
11 June 2009	2.87	3.88	4.69
12 June 2009	2.81	3.81	4.65
15 June 2009	2.75	3.76	4.61
16 June 2009	2.70	3.67	4.48
17 June 2009	2.69	3.68	4.50
18 June 2009	2.86	3.86	4.63
19 June 2009	2.82	3.79	4.52
22 June 2009	2.75	3.72	4.45
23 June 2009	2.71	3.65	4.37
24 June 2009	2.74	3.72	4.44
25 June 2009	2.58	3.55	4.33
26 June 2009	2.53	3.52	4.30
29 June 2009	2.53	3.51	4.31
30 June 2009	2.54	3.53	4.32
1 July 2009	2.51	3.55	4.34
2 July 2009	2.43	3.51	4.32
3 July 2009	ND	ND	ND
6 July 2009	2.40	3.52	4.35
7 July 2009	2.36	3.47	4.31
8 July 2009	2.23	3.33	4.17
9 July 2009	2.33	3.44	4.31
10 July 2009	2.22	3.32	4.20
13 July 2009	2.27	3.38	4.25
14 July 2009	2.37	3.50	4.38
15 July 2009	2.52	3.63	4.48
16 July 2009	2.46	3.59	4.45
17 July 2009	2.52	3.67	4.53
20 July 2009	2.46	3.61	4.47
21 July 2009	2.36	3.50	4.38
22 July 2009	2.43	3.58	4.45
23 July 2009	2.60	3.72	4.58
24 July 2009	2.57	3.70	4.55
27 July 2009	2.63	3.75	4.62
28 July 2009	2.63	3.72	4.56
29 July 2009	2.69	3.69	4.50
30 July 2009	2.66	3.67	4.44
31 July 2009	2.53	3.52	4.31
3 August 2009	2.66	3.66	4.42
4 August 2009	2.68	3.70	4.45
5 August 2009	2.73	3.80	4.57
6 August 2009	2.73	3.79	4.53
7 August 2009	2.84	3.89	4.61
10 August 2009	2.75	3.80	4.52
11 August 2009	2.69	3.71	4.44
12 August 2009	2.70	3.72	4.53
13 August 2009	2.58	3.59	4.44
14 August 2009	2.51	3.55	4.41
17 August 2009	2.43	3.48	4.33
18 August 2009	2.48	3.51	4.35
19 August 2009	2.43	3.45	4.28
20 August 2009	2.43	3.42	4.24
21 August 2009	2.58	3.56	4.36
24 August 2009	2.50	3.48	4.27
25 August 2009	2.48	3.45	4.22
26 August 2009	2.46	3.44	4.20
27 August 2009	2.48	3.47	4.23
28 August 2009	2.46	3.46	4.21
31 August 2009	2.39	3.40	4.18
1 September 2009	2.33	3.38	4.19
2 September 2009	2.26	3.29	4.09
3 September 2009	2.29	3.33	4.15
4 September 2009	2.36	3.45	4.27
7 September 2009	ND	ND	ND
8 September 2009	2.38	3.47	4.31
9 September 2009	2.38	3.48	4.33
10 September 2009	2.29	3.36	4.19
11 September 2009	2.29	3.34	4.18
14 September 2009	2.37	3.42	4.22
15 September 2009	2.41	3.47	4.27
16 September 2009	2.46	3.48	4.26
17 September 2009	2.41	3.42	4.19
18 September 2009	2.49	3.49	4.24
21 September 2009	2.47	3.49	4.23
22 September 2009	2.45	3.46	4.20
23 September 2009	2.40	3.44	4.21
24 September 2009	2.37	3.40	4.17
25 September 2009	2.36	3.34	4.10
28 September 2009	2.33	3.31	4.04
29 September 2009	2.34	3.31	4.03
30 September 2009	2.31	3.31	4.03
1 October 2009	2.20	3.21	3.97
2 October 2009	2.22	3.24	4.01
5 October 2009	2.21	3.24	4.01
6 October 2009	2.25	3.27	4.07
7 October 2009	2.16	3.21	3.99
8 October 2009	2.22	3.27	4.09
9 October 2009	2.36	3.40	4.22
12 October 2009	ND	ND	ND
13 October 2009	2.28	3.34	4.16
14 October 2009	2.36	3.45	4.28
15 October 2009	2.41	3.49	4.31
16 October 2009	2.37	3.43	4.24
19 October 2009	2.36	3.41	4.21
20 October 2009	2.30	3.35	4.16
21 October 2009	2.38	3.42	4.22
22 October 2009	2.39	3.44	4.24
23 October 2009	2.46	3.51	4.29
26 October 2009	2.53	3.59	4.37
27 October 2009	2.41	3.49	4.29
28 October 2009	2.37	3.44	4.25
29 October 2009	2.44	3.53	4.35
30 October 2009	2.31	3.41	4.23
2 November 2009	2.33	3.45	4.26
3 November 2009	2.36	3.50	4.34
4 November 2009	2.39	3.57	4.41
5 November 2009	2.35	3.57	4.41
6 November 2009	2.30	3.54	4.40
9 November 2009	2.31	3.52	4.40
10 November 2009	2.31	3.50	4.41
11 November 2009	ND	ND	ND
12 November 2009	2.28	3.45	4.41
13 November 2009	2.28	3.43	4.36
16 November 2009	2.19	3.33	4.26
17 November 2009	2.19	3.33	4.26
18 November 2009	2.21	3.36	4.29
19 November 2009	2.18	3.35	4.29
20 November 2009	2.20	3.36	4.30
23 November 2009	2.20	3.37	4.29
24 November 2009	2.15	3.32	4.25
25 November 2009	2.11	3.28	4.23
26 November 2009	ND	ND	ND
27 November 2009	2.03	3.21	4.21
30 November 2009	2.01	3.21	4.20
1 December 2009	2.03	3.28	4.26
2 December 2009	2.09	3.32	4.26
3 December 2009	2.14	3.39	4.33
4 December 2009	2.24	3.48	4.40
7 December 2009	2.19	3.44	4.40
8 December 2009	2.12	3.40	4.39
9 December 2009	2.15	3.45	4.41
10 December 2009	2.19	3.49	4.50
11 December 2009	2.26	3.55	4.49
14 December 2009	2.30	3.56	4.48
15 December 2009	2.35	3.60	4.52
16 December 2009	2.35	3.61	4.52
17 December 2009	2.24	3.50	4.42
18 December 2009	2.30	3.55	4.46
21 December 2009	2.43	3.69	4.56
22 December 2009	2.49	3.76	4.60
23 December 2009	2.51	3.77	4.61
24 December 2009	2.57	3.82	4.68
25 December 2009	ND	ND	ND
28 December 2009	2.62	3.85	4.69
29 December 2009	2.62	3.82	4.64
30 December 2009	2.61	3.80	4.61
31 December 2009	2.69	3.85	4.63
1 January 2010	ND	ND	ND
4 January 2010	2.65	3.85	4.65
5 January 2010	2.56	3.77	4.59
6 January 2010	2.60	3.85	4.70
7 January 2010	2.62	3.85	4.69
8 January 2010	2.57	3.83	4.70
11 January 2010	2.58	3.85	4.74
12 January 2010	2.49	3.74	4.62
13 January 2010	2.55	3.80	4.71
14 January 2010	2.51	3.76	4.63
15 January 2010	2.44	3.70	4.58
18 January 2010	ND	ND	ND
19 January 2010	2.48	3.73	4.60
20 January 2010	2.45	3.68	4.54
21 January 2010	2.38	3.62	4.50
22 January 2010	2.37	3.62	4.50
25 January 2010	2.39	3.66	4.55
26 January 2010	2.38	3.65	4.56
27 January 2010	2.43	3.66	4.55
28 January 2010	2.41	3.68	4.57
29 January 2010	2.34	3.63	4.51
1 February 2010	2.38	3.68	4.56
2 February 2010	2.37	3.67	4.55
3 February 2010	2.40	3.73	4.62
4 February 2010	2.29	3.62	4.53
5 February 2010	2.23	3.59	4.51
8 February 2010	2.26	3.62	4.52
9 February 2010	2.32	3.67	4.58
10 February 2010	2.39	3.72	4.65
11 February 2010	2.39	3.73	4.69
12 February 2010	2.35	3.69	4.66
15 February 2010	ND	ND	ND
16 February 2010	2.32	3.66	4.63
17 February 2010	2.40	3.74	4.70
18 February 2010	2.46	3.79	4.74
19 February 2010	2.48	3.78	4.71
22 February 2010	2.47	3.80	4.73
23 February 2010	2.37	3.69	4.63
24 February 2010	2.40	3.70	4.63
25 February 2010	2.33	3.64	4.58
26 February 2010	2.30	3.61	4.55
1 March 2010	2.28	3.61	4.56
2 March 2010	2.27	3.62	4.57
3 March 2010	2.27	3.63	4.58
4 March 2010	2.28	3.61	4.56
5 March 2010	2.35	3.69	4.64
8 March 2010	2.36	3.72	4.68
9 March 2010	2.34	3.71	4.68
10 March 2010	2.39	3.73	4.69
11 March 2010	2.43	3.73	4.66
12 March 2010	2.42	3.71	4.62
15 March 2010	2.42	3.71	4.63
16 March 2010	2.37	3.66	4.59
17 March 2010	2.38	3.65	4.56
18 March 2010	2.44	3.68	4.59
19 March 2010	2.48	3.70	4.58
22 March 2010	2.43	3.67	4.57
23 March 2010	2.44	3.69	4.60
24 March 2010	2.62	3.84	4.72
25 March 2010	2.65	3.91	4.77
26 March 2010	2.59	3.86	4.75
29 March 2010	2.60	3.88	4.76
30 March 2010	2.60	3.88	4.75
31 March 2010	2.55	3.84	4.72
1 April 2010	2.59	3.89	4.74
2 April 2010	2.67	3.96	4.81
5 April 2010	2.75	4.01	4.85
6 April 2010	2.71	3.98	4.84
7 April 2010	2.62	3.89	4.74
8 April 2010	2.64	3.91	4.75
9 April 2010	2.65	3.90	4.74
12 April 2010	2.60	3.87	4.70
13 April 2010	2.58	3.84	4.68
14 April 2010	2.61	3.88	4.72
15 April 2010	2.57	3.86	4.72
16 April 2010	2.49	3.79	4.67
19 April 2010	2.54	3.83	4.70
20 April 2010	2.56	3.82	4.67
21 April 2010	2.52	3.77	4.61
22 April 2010	2.57	3.80	4.65
23 April 2010	2.61	3.84	4.67
26 April 2010	2.60	3.83	4.67
27 April 2010	2.46	3.71	4.56
28 April 2010	2.53	3.80	4.63
29 April 2010	2.49	3.76	4.60
30 April 2010	2.43	3.69	4.53
3 May 2010	2.47	3.72	4.53
4 May 2010	2.38	3.63	4.43
5 May 2010	2.31	3.58	4.39
6 May 2010	2.13	3.41	4.19
7 May 2010	2.17	3.45	4.28
10 May 2010	2.27	3.57	4.41
11 May 2010	2.26	3.56	4.42
12 May 2010	2.29	3.56	4.47
13 May 2010	2.27	3.55	4.47
14 May 2010	2.16	3.44	4.32
17 May 2010	2.20	3.47	4.35
18 May 2010	2.11	3.38	4.26
19 May 2010	2.13	3.36	4.24
20 May 2010	2.04	3.25	4.13
21 May 2010	2.02	3.20	4.07
24 May 2010	2.04	3.23	4.12
25 May 2010	2.01	3.18	4.07
26 May 2010	2.06	3.21	4.11
27 May 2010	2.18	3.34	4.24
28 May 2010	2.10	3.31	4.22
31 May 2010	ND	ND	ND
1 June 2010	2.09	3.29	4.19
2 June 2010	2.14	3.35	4.24
3 June 2010	2.17	3.39	4.29
4 June 2010	1.98	3.20	4.13
7 June 2010	1.95	3.17	4.11
8 June 2010	1.98	3.18	4.10
9 June 2010	1.99	3.20	4.12
10 June 2010	2.12	3.33	4.25
11 June 2010	2.03	3.24	4.15
14 June 2010	2.07	3.28	4.20
15 June 2010	2.10	3.32	4.23
16 June 2010	2.06	3.27	4.18
17 June 2010	2.01	3.21	4.13
18 June 2010	2.04	3.24	4.15
21 June 2010	2.05	3.26	4.17
22 June 2010	1.98	3.18	4.10
23 June 2010	1.93	3.13	4.05
24 June 2010	1.93	3.14	4.09
25 June 2010	1.90	3.12	4.07
28 June 2010	1.83	3.05	4.01
29 June 2010	1.78	2.97	3.94
30 June 2010	1.79	2.97	3.91
1 July 2010	1.80	2.96	3.88
2 July 2010	1.82	3.00	3.94
5 July 2010	ND	ND	ND
6 July 2010	1.76	2.95	3.89
7 July 2010	1.79	3.00	3.96
8 July 2010	1.80	3.04	4.00
9 July 2010	1.85	3.07	4.04
12 July 2010	1.85	3.08	4.05
13 July 2010	1.90	3.15	4.10
14 July 2010	1.82	3.07	4.03
15 July 2010	1.76	3.00	3.97
16 July 2010	1.70	2.96	3.95
19 July 2010	1.73	2.99	3.99
20 July 2010	1.71	2.98	3.99
21 July 2010	1.66	2.90	3.89
22 July 2010	1.69	2.96	3.95
23 July 2010	1.75	3.02	4.01
26 July 2010	1.76	3.03	4.03
27 July 2010	1.82	3.08	4.08
28 July 2010	1.75	3.03	4.07
29 July 2010	1.70	3.03	4.08
30 July 2010	1.60	2.94	3.98
2 August 2010	1.64	2.99	4.06
3 August 2010	1.55	2.94	4.04
4 August 2010	1.62	2.98	4.07
5 August 2010	1.57	2.94	4.05
6 August 2010	1.51	2.86	4.00
9 August 2010	1.54	2.86	4.01
10 August 2010	1.46	2.79	4.00
11 August 2010	1.44	2.72	3.93
12 August 2010	1.48	2.74	3.94
13 August 2010	1.47	2.68	3.87
16 August 2010	1.40	2.58	3.72
17 August 2010	1.44	2.64	3.77
18 August 2010	1.46	2.64	3.73
19 August 2010	1.41	2.58	3.66
20 August 2010	1.47	2.62	3.67
23 August 2010	1.43	2.60	3.65
24 August 2010	1.36	2.50	3.57
25 August 2010	1.40	2.54	3.59
26 August 2010	1.38	2.50	3.53
27 August 2010	1.49	2.66	3.69
30 August 2010	1.39	2.54	3.60
31 August 2010	1.33	2.47	3.52
1 September 2010	1.41	2.58	3.65
2 September 2010	1.43	2.63	3.72
3 September 2010	1.49	2.72	3.79
6 September 2010	ND	ND	ND
7 September 2010	1.41	2.61	3.67
8 September 2010	1.46	2.66	3.72
9 September 2010	1.57	2.77	3.84
10 September 2010	1.59	2.81	3.88
13 September 2010	1.51	2.74	3.83
14 September 2010	1.43	2.68	3.79
15 September 2010	1.46	2.74	3.87
16 September 2010	1.48	2.77	3.92
17 September 2010	1.46	2.75	3.90
20 September 2010	1.43	2.72	3.87
21 September 2010	1.34	2.61	3.79
22 September 2010	1.33	2.56	3.74
23 September 2010	1.34	2.56	3.73
24 September 2010	1.37	2.62	3.79
27 September 2010	1.31	2.54	3.70
28 September 2010	1.25	2.48	3.66
29 September 2010	1.28	2.52	3.69
30 September 2010	1.27	2.53	3.69
1 October 2010	1.26	2.54	3.71
4 October 2010	1.23	2.50	3.71
5 October 2010	1.21	2.50	3.74
6 October 2010	1.16	2.41	3.67
7 October 2010	1.14	2.41	3.72
8 October 2010	1.11	2.41	3.75
11 October 2010	ND	ND	ND
12 October 2010	1.14	2.44	3.80
13 October 2010	1.13	2.46	3.84
14 October 2010	1.18	2.52	3.91
15 October 2010	1.20	2.59	3.98
18 October 2010	1.14	2.52	3.93
19 October 2010	1.11	2.50	3.90
20 October 2010	1.11	2.51	3.89
21 October 2010	1.15	2.57	3.95
22 October 2010	1.17	2.59	3.94
25 October 2010	1.20	2.59	3.91
26 October 2010	1.27	2.67	4.00
27 October 2010	1.34	2.75	4.06
28 October 2010	1.23	2.69	4.05
29 October 2010	1.17	2.63	3.99
1 November 2010	1.17	2.66	4.01
2 November 2010	1.15	2.63	3.93
3 November 2010	1.11	2.67	4.09
4 November 2010	1.04	2.53	4.04
5 November 2010	1.10	2.58	4.12
8 November 2010	1.13	2.60	4.12
9 November 2010	1.27	2.72	4.25
10 November 2010	1.23	2.65	4.25
11 November 2010	ND	ND	ND
12 November 2010	1.35	2.76	4.26
15 November 2010	1.51	2.92	4.38
16 November 2010	1.49	2.85	4.26
17 November 2010	1.49	2.89	4.31
18 November 2010	1.51	2.90	4.29
19 November 2010	1.54	2.88	4.25
22 November 2010	1.44	2.80	4.20
23 November 2010	1.40	2.77	4.18
24 November 2010	1.56	2.93	4.29
25 November 2010	ND	ND	ND
26 November 2010	1.53	2.87	4.21
29 November 2010	1.51	2.84	4.16
30 November 2010	1.47	2.81	4.12
1 December 2010	1.64	2.97	4.24
2 December 2010	1.68	3.01	4.27
3 December 2010	1.64	3.03	4.32
6 December 2010	1.53	2.95	4.25
7 December 2010	1.74	3.15	4.39
8 December 2010	1.87	3.26	4.45
9 December 2010	1.90	3.23	4.41
10 December 2010	1.98	3.32	4.43
13 December 2010	1.91	3.29	4.39
14 December 2010	2.08	3.49	4.54
15 December 2010	2.11	3.53	4.59
16 December 2010	2.06	3.47	4.57
17 December 2010	1.97	3.33	4.41
20 December 2010	1.99	3.36	4.44
21 December 2010	1.99	3.35	4.44
22 December 2010	2.02	3.36	4.45
23 December 2010	2.09	3.41	4.47
24 December 2010	ND	ND	ND
27 December 2010	2.08	3.36	4.42
28 December 2010	2.18	3.50	4.53
29 December 2010	2.03	3.35	4.41
30 December 2010	2.06	3.38	4.43
31 December 2010	2.01	3.30	4.34
3 January 2011	2.02	3.36	4.39
4 January 2011	2.01	3.36	4.44
5 January 2011	2.14	3.50	4.55
6 January 2011	2.09	3.44	4.53
7 January 2011	1.96	3.34	4.48
10 January 2011	1.93	3.32	4.47
11 January 2011	1.98	3.37	4.49
12 January 2011	1.99	3.40	4.52
13 January 2011	1.93	3.34	4.50
14 January 2011	1.95	3.35	4.53
17 January 2011	ND	ND	ND
18 January 2011	1.97	3.39	4.56
19 January 2011	1.95	3.37	4.53
20 January 2011	2.06	3.47	4.60
21 January 2011	2.04	3.44	4.57
24 January 2011	2.03	3.43	4.55
25 January 2011	1.96	3.35	4.48
26 January 2011	2.03	3.45	4.59
27 January 2011	1.98	3.42	4.57
28 January 2011	1.92	3.36	4.53
31 January 2011	1.95	3.42	4.58
1 February 2011	2.02	3.48	4.62
2 February 2011	2.10	3.52	4.64
3 February 2011	2.18	3.58	4.67
4 February 2011	2.27	3.68	4.73
7 February 2011	2.29	3.68	4.71
8 February 2011	2.39	3.75	4.76
9 February 2011	2.33	3.65	4.71
10 February 2011	2.40	3.70	4.75
11 February 2011	2.38	3.64	4.71
14 February 2011	2.37	3.62	4.67
15 February 2011	2.35	3.61	4.66
16 February 2011	2.37	3.62	4.67
17 February 2011	2.30	3.58	4.66
18 February 2011	2.30	3.59	4.70
21 February 2011	ND	ND	ND
22 February 2011	2.16	3.46	4.60
23 February 2011	2.21	3.49	4.59
24 February 2011	2.19	3.46	4.54
25 February 2011	2.16	3.42	4.51
28 February 2011	2.13	3.42	4.49
1 March 2011	2.11	3.41	4.48
2 March 2011	2.16	3.46	4.54
3 March 2011	2.30	3.58	4.64
4 March 2011	2.17	3.49	4.60
7 March 2011	2.19	3.51	4.61
8 March 2011	2.22	3.56	4.66
9 March 2011	2.16	3.48	4.60
10 March 2011	2.05	3.37	4.53
11 March 2011	2.06	3.40	4.54
14 March 2011	2.00	3.36	4.52
15 March 2011	2.00	3.33	4.47
16 March 2011	1.87	3.22	4.38
17 March 2011	1.91	3.25	4.42
18 March 2011	1.96	3.28	4.43
21 March 2011	2.04	3.34	4.45
22 March 2011	2.07	3.34	4.44
23 March 2011	2.07	3.36	4.44
24 March 2011	2.14	3.42	4.48
25 March 2011	2.20	3.46	4.51
28 March 2011	2.23	3.47	4.51
29 March 2011	2.25	3.50	4.54
30 March 2011	2.21	3.47	4.52
31 March 2011	2.24	3.47	4.51
1 April 2011	2.24	3.46	4.48
4 April 2011	2.20	3.45	4.49
5 April 2011	2.28	3.50	4.51
6 April 2011	2.32	3.56	4.58
7 April 2011	2.29	3.58	4.63
8 April 2011	2.31	3.59	4.63
11 April 2011	2.31	3.59	4.64
12 April 2011	2.22	3.52	4.58
13 April 2011	2.19	3.49	4.55
14 April 2011	2.23	3.51	4.53
15 April 2011	2.14	3.43	4.47
18 April 2011	2.09	3.40	4.45
19 April 2011	2.09	3.39	4.43
20 April 2011	2.15	3.43	4.47
21 April 2011	2.14	3.42	4.47
22 April 2011	ND	ND	ND
25 April 2011	2.10	3.39	4.46
26 April 2011	2.05	3.34	4.39
27 April 2011	2.06	3.39	4.45
28 April 2011	2.00	3.34	4.42
29 April 2011	1.97	3.32	4.40
2 May 2011	1.96	3.31	4.38
3 May 2011	1.96	3.28	4.36
4 May 2011	1.95	3.25	4.33
5 May 2011	1.88	3.18	4.26
6 May 2011	1.87	3.19	4.29
9 May 2011	1.84	3.17	4.30
10 May 2011	1.91	3.23	4.34
11 May 2011	1.87	3.19	4.31
12 May 2011	1.89	3.22	4.37
13 May 2011	1.86	3.18	4.32
16 May 2011	1.83	3.15	4.28
17 May 2011	1.80	3.12	4.23
18 May 2011	1.87	3.18	4.29
19 May 2011	1.85	3.17	4.30
20 May 2011	1.82	3.15	4.30
23 May 2011	1.80	3.13	4.27
24 May 2011	1.81	3.12	4.26
25 May 2011	1.81	3.13	4.28
26 May 2011	1.72	3.07	4.23
27 May 2011	1.71	3.07	4.24
30 May 2011	ND	ND	ND
31 May 2011	1.68	3.05	4.22
1 June 2011	1.60	2.96	4.15
2 June 2011	1.65	3.04	4.25
3 June 2011	1.60	2.99	4.22
6 June 2011	1.60	3.01	4.25
7 June 2011	1.59	3.01	4.27
8 June 2011	1.52	2.98	4.20
9 June 2011	1.60	3.01	4.22
10 June 2011	1.58	2.99	4.18
13 June 2011	1.59	3.00	4.20
14 June 2011	1.70	3.11	4.30
15 June 2011	1.55	2.98	4.19
16 June 2011	1.52	2.93	4.16
17 June 2011	1.53	2.94	4.19
20 June 2011	1.55	2.97	4.19
21 June 2011	1.57	2.99	4.21
22 June 2011	1.58	3.01	4.22
23 June 2011	1.48	2.93	4.17
24 June 2011	1.40	2.88	4.17
27 June 2011	1.47	2.95	4.28
28 June 2011	1.62	3.05	4.33
29 June 2011	1.70	3.14	4.39
30 June 2011	1.76	3.18	4.38
1 July 2011	1.80	3.22	4.40
4 July 2011	ND	ND	ND
5 July 2011	1.70	3.16	4.39
6 July 2011	1.66	3.12	4.35
7 July 2011	1.74	3.17	4.37
8 July 2011	1.57	3.03	4.27
11 July 2011	1.49	2.94	4.20
12 July 2011	1.47	2.92	4.19
13 July 2011	1.45	2.92	4.17
14 July 2011	1.51	2.98	4.25
15 July 2011	1.46	2.94	4.26
18 July 2011	1.45	2.94	4.29
19 July 2011	1.45	2.91	4.19
20 July 2011	1.49	2.96	4.25
21 July 2011	1.56	3.03	4.31
22 July 2011	1.53	2.99	4.26
25 July 2011	1.55	3.03	4.31
26 July 2011	1.51	2.99	4.28
27 July 2011	1.56	3.01	4.29
28 July 2011	1.52	2.98	4.26
29 July 2011	1.35	2.82	4.12
1 August 2011	1.32	2.77	4.07
2 August 2011	1.23	2.66	3.93
3 August 2011	1.25	2.64	3.89
4 August 2011	1.12	2.47	3.70
5 August 2011	1.23	2.58	3.82
8 August 2011	1.11	2.40	3.68
9 August 2011	0.91	2.20	3.56
10 August 2011	0.93	2.17	3.54
11 August 2011	1.02	2.34	3.82
12 August 2011	0.96	2.24	3.72
15 August 2011	0.99	2.29	3.75
16 August 2011	0.95	2.23	3.67
17 August 2011	0.92	2.17	3.57
18 August 2011	0.90	2.08	3.45
19 August 2011	0.90	2.07	3.39
22 August 2011	0.94	2.10	3.42
23 August 2011	0.95	2.15	3.47
24 August 2011	1.05	2.29	3.63
25 August 2011	0.98	2.23	3.60
26 August 2011	0.94	2.19	3.54
29 August 2011	0.99	2.28	3.63
30 August 2011	0.94	2.19	3.53
31 August 2011	0.96	2.23	3.60
1 September 2011	0.90	2.15	3.51
2 September 2011	0.88	2.02	3.32
5 September 2011	ND	ND	ND
6 September 2011	0.88	1.98	3.26
7 September 2011	0.92	2.05	3.36
8 September 2011	0.88	2.00	3.32
9 September 2011	0.81	1.93	3.26
12 September 2011	0.87	1.94	3.24
13 September 2011	0.89	2.00	3.32
14 September 2011	0.91	2.03	3.32
15 September 2011	0.95	2.09	3.36
16 September 2011	0.94	2.08	3.34
19 September 2011	0.85	1.97	3.22
20 September 2011	0.85	1.95	3.20
21 September 2011	0.88	1.88	3.03
22 September 2011	0.79	1.72	2.78
23 September 2011	0.89	1.84	2.89
26 September 2011	0.92	1.91	2.99
27 September 2011	0.97	2.00	3.08
28 September 2011	0.99	2.03	3.10
29 September 2011	0.98	1.99	3.03
30 September 2011	0.96	1.92	2.90
3 October 2011	0.87	1.80	2.76
4 October 2011	0.90	1.81	2.77
5 October 2011	0.96	1.92	2.87
6 October 2011	1.01	2.01	2.96
7 October 2011	1.08	2.10	3.02
10 October 2011	ND	ND	ND
11 October 2011	1.14	2.18	3.11
12 October 2011	1.17	2.24	3.19
13 October 2011	1.11	2.19	3.15
14 October 2011	1.12	2.26	3.22
17 October 2011	1.08	2.18	3.13
18 October 2011	1.07	2.19	3.17
19 October 2011	1.05	2.18	3.17
20 October 2011	1.07	2.20	3.19
21 October 2011	1.08	2.23	3.26
24 October 2011	1.10	2.25	3.27
25 October 2011	1.01	2.14	3.13
26 October 2011	1.09	2.23	3.22
27 October 2011	1.20	2.42	3.45
28 October 2011	1.13	2.34	3.36
31 October 2011	0.99	2.17	3.16
1 November 2011	0.90	2.01	2.99
2 November 2011	0.89	2.03	3.03
3 November 2011	0.91	2.09	3.10
4 November 2011	0.88	2.06	3.09
7 November 2011	0.88	2.04	3.05
8 November 2011	0.92	2.10	3.13
9 November 2011	0.88	2.00	3.03
10 November 2011	0.90	2.04	3.12
11 November 2011	ND	ND	ND
14 November 2011	0.91	2.04	3.09
15 November 2011	0.93	2.06	3.10
16 November 2011	0.90	2.01	3.05
17 November 2011	0.88	1.96	2.98
18 November 2011	0.94	2.01	2.99
21 November 2011	0.92	1.97	2.96
22 November 2011	0.91	1.94	2.91
23 November 2011	0.88	1.89	2.82
24 November 2011	ND	ND	ND
25 November 2011	0.93	1.97	2.92
28 November 2011	0.91	1.97	2.93
29 November 2011	0.93	2.00	2.96
30 November 2011	0.96	2.08	3.06
1 December 2011	0.97	2.11	3.12
2 December 2011	0.92	2.05	3.03
5 December 2011	0.93	2.04	3.02
6 December 2011	0.94	2.08	3.09
7 December 2011	0.89	2.02	3.04
8 December 2011	0.86	1.99	3.00
9 December 2011	0.89	2.07	3.10
12 December 2011	0.87	2.03	3.06
13 December 2011	0.85	1.96	2.98
14 December 2011	0.86	1.92	2.91
15 December 2011	0.86	1.92	2.92
16 December 2011	0.81	1.86	2.86
19 December 2011	0.82	1.82	2.79
20 December 2011	0.88	1.94	2.93
21 December 2011	0.91	1.98	3.00
22 December 2011	0.91	1.97	2.99
23 December 2011	0.97	2.03	3.05
26 December 2011	ND	ND	ND
27 December 2011	0.96	2.02	3.04
28 December 2011	0.91	1.93	2.91
29 December 2011	0.88	1.91	2.90
30 December 2011	0.83	1.89	2.89
2 January 2012	ND	ND	ND
3 January 2012	0.89	1.97	2.98
4 January 2012	0.89	2.00	3.03
5 January 2012	0.88	2.02	3.06
6 January 2012	0.86	1.98	3.02
9 January 2012	0.85	1.98	3.02
10 January 2012	0.86	2.00	3.04
11 January 2012	0.82	1.93	2.96
12 January 2012	0.84	1.94	2.97
13 January 2012	0.80	1.89	2.91
16 January 2012	ND	ND	ND
17 January 2012	0.79	1.87	2.89
18 January 2012	0.82	1.92	2.96
19 January 2012	0.87	2.01	3.05
20 January 2012	0.91	2.05	3.10
23 January 2012	0.93	2.09	3.15
24 January 2012	0.92	2.08	3.15
25 January 2012	0.81	2.01	3.13
26 January 2012	0.77	1.96	3.10
27 January 2012	0.75	1.93	3.07
30 January 2012	0.73	1.87	2.99
31 January 2012	0.71	1.83	2.94
1 February 2012	0.72	1.87	3.01
2 February 2012	0.71	1.86	3.01
3 February 2012	0.78	1.97	3.13
6 February 2012	0.76	1.93	3.08
7 February 2012	0.82	2.00	3.14
8 February 2012	0.82	2.01	3.14
9 February 2012	0.86	2.04	3.20
10 February 2012	0.81	1.96	3.11
13 February 2012	0.85	1.99	3.14
14 February 2012	0.81	1.92	3.06
15 February 2012	0.81	1.93	3.09
16 February 2012	0.87	1.99	3.14
17 February 2012	0.88	2.01	3.16
20 February 2012	ND	ND	ND
21 February 2012	0.92	2.05	3.20
22 February 2012	0.88	2.01	3.15
23 February 2012	0.88	1.99	3.13
24 February 2012	0.89	1.98	3.10
27 February 2012	0.84	1.92	3.04
28 February 2012	0.84	1.94	3.07
29 February 2012	0.87	1.98	3.08
1 March 2012	0.89	2.03	3.15
2 March 2012	0.84	1.99	3.11
5 March 2012	0.87	2.00	3.13
6 March 2012	0.83	1.96	3.08
7 March 2012	0.85	1.98	3.12
8 March 2012	0.89	2.03	3.18
9 March 2012	0.90	2.04	3.19
12 March 2012	0.92	2.04	3.17
13 March 2012	0.99	2.14	3.26
14 March 2012	1.13	2.29	3.43
15 March 2012	1.11	2.29	3.41
16 March 2012	1.13	2.31	3.41
19 March 2012	1.20	2.39	3.48
20 March 2012	1.22	2.38	3.46
21 March 2012	1.15	2.31	3.38
22 March 2012	1.13	2.29	3.37
23 March 2012	1.10	2.25	3.31
26 March 2012	1.09	2.26	3.33
27 March 2012	1.04	2.20	3.29
28 March 2012	1.05	2.21	3.31
29 March 2012	1.01	2.18	3.27
30 March 2012	1.04	2.23	3.35
2 April 2012	1.03	2.22	3.35
3 April 2012	1.10	2.30	3.41
4 April 2012	1.05	2.25	3.37
5 April 2012	1.01	2.19	3.32
6 April 2012	0.89	2.07	3.21
9 April 2012	0.90	2.06	3.18
10 April 2012	0.85	2.01	3.13
11 April 2012	0.89	2.05	3.18
12 April 2012	0.90	2.08	3.22
13 April 2012	0.86	2.02	3.14
16 April 2012	0.85	2.00	3.12
17 April 2012	0.88	2.03	3.15
18 April 2012	0.86	2.00	3.13
19 April 2012	0.84	1.98	3.12
20 April 2012	0.86	1.99	3.12
23 April 2012	0.83	1.96	3.08
24 April 2012	0.86	2.00	3.12
25 April 2012	0.86	2.01	3.15
26 April 2012	0.83	1.98	3.13
27 April 2012	0.82	1.96	3.12
30 April 2012	0.82	1.95	3.12
1 May 2012	0.84	1.98	3.16
2 May 2012	0.82	1.96	3.11
3 May 2012	0.82	1.96	3.12
4 May 2012	0.78	1.91	3.07
7 May 2012	0.79	1.92	3.07
8 May 2012	0.77	1.88	3.03
9 May 2012	0.77	1.87	3.03
10 May 2012	0.79	1.89	3.07
11 May 2012	0.75	1.84	3.02
14 May 2012	0.73	1.78	2.95
15 May 2012	0.74	1.76	2.91
16 May 2012	0.75	1.76	2.90
17 May 2012	0.74	1.70	2.80
18 May 2012	0.75	1.71	2.80
21 May 2012	0.75	1.75	2.80
22 May 2012	0.78	1.79	2.88
23 May 2012	0.74	1.73	2.81
24 May 2012	0.77	1.77	2.86
25 May 2012	0.76	1.75	2.85
28 May 2012	ND	ND	ND
29 May 2012	0.76	1.74	2.85
30 May 2012	0.69	1.63	2.72
31 May 2012	0.67	1.59	2.67
1 June 2012	0.62	1.47	2.53
4 June 2012	0.68	1.53	2.56
5 June 2012	0.68	1.57	2.63
6 June 2012	0.73	1.66	2.73
7 June 2012	0.72	1.66	2.75
8 June 2012	0.71	1.65	2.77
11 June 2012	0.69	1.60	2.71
12 June 2012	0.75	1.67	2.77
13 June 2012	0.71	1.61	2.70
14 June 2012	0.73	1.64	2.73
15 June 2012	0.68	1.60	2.70
18 June 2012	0.69	1.59	2.67
19 June 2012	0.71	1.64	2.73
20 June 2012	0.74	1.65	2.72
21 June 2012	0.73	1.63	2.68
22 June 2012	0.76	1.69	2.75
25 June 2012	0.72	1.63	2.69
26 June 2012	0.75	1.66	2.71
27 June 2012	0.73	1.65	2.70
28 June 2012	0.69	1.60	2.67
29 June 2012	0.72	1.67	2.76
2 July 2012	0.67	1.61	2.69
3 July 2012	0.69	1.65	2.74
4 July 2012	ND	ND	ND
5 July 2012	0.68	1.62	2.72
6 July 2012	0.64	1.57	2.66
9 July 2012	0.63	1.53	2.62
10 July 2012	0.63	1.53	2.60
11 July 2012	0.64	1.54	2.60
12 July 2012	0.63	1.50	2.57
13 July 2012	0.63	1.52	2.58
16 July 2012	0.60	1.50	2.56
17 July 2012	0.62	1.53	2.59
18 July 2012	0.60	1.52	2.59
19 July 2012	0.62	1.54	2.61
20 July 2012	0.59	1.49	2.55
23 July 2012	0.57	1.47	2.52
24 July 2012	0.57	1.44	2.47
25 July 2012	0.56	1.43	2.46
26 July 2012	0.58	1.45	2.49
27 July 2012	0.65	1.58	2.63
30 July 2012	0.61	1.53	2.58
31 July 2012	0.60	1.51	2.56
1 August 2012	0.63	1.56	2.60
2 August 2012	0.61	1.51	2.55
3 August 2012	0.67	1.60	2.65
6 August 2012	0.65	1.59	2.65
7 August 2012	0.71	1.66	2.72
8 August 2012	0.73	1.68	2.75
9 August 2012	0.74	1.69	2.78
10 August 2012	0.71	1.65	2.74
13 August 2012	0.71	1.65	2.74
14 August 2012	0.75	1.73	2.82
15 August 2012	0.80	1.80	2.90
16 August 2012	0.83	1.83	2.96
17 August 2012	0.81	1.81	2.93
20 August 2012	0.80	1.82	2.93
21 August 2012	0.80	1.80	2.90
22 August 2012	0.71	1.71	2.82
23 August 2012	0.71	1.68	2.79
24 August 2012	0.72	1.68	2.79
27 August 2012	0.70	1.65	2.76
28 August 2012	0.69	1.64	2.75
29 August 2012	0.69	1.66	2.77
30 August 2012	0.66	1.63	2.75
31 August 2012	0.59	1.57	2.68
3 September 2012	ND	ND	ND
4 September 2012	0.62	1.59	2.69
5 September 2012	0.62	1.60	2.70
6 September 2012	0.68	1.68	2.80
7 September 2012	0.64	1.67	2.81
10 September 2012	0.66	1.68	2.83
11 September 2012	0.67	1.70	2.84
12 September 2012	0.70	1.77	2.92
13 September 2012	0.65	1.75	2.95
14 September 2012	0.72	1.88	3.09
17 September 2012	0.73	1.85	3.03
18 September 2012	0.71	1.82	3.00
19 September 2012	0.70	1.79	2.97
20 September 2012	0.70	1.80	2.96
21 September 2012	0.68	1.77	2.95
24 September 2012	0.68	1.74	2.91
25 September 2012	0.66	1.70	2.86
26 September 2012	0.63	1.64	2.79
27 September 2012	0.64	1.66	2.83
28 September 2012	0.62	1.65	2.82
1 October 2012	0.62	1.64	2.81
2 October 2012	0.61	1.64	2.81
3 October 2012	0.61	1.64	2.82
4 October 2012	0.63	1.70	2.89
5 October 2012	0.67	1.75	2.96
8 October 2012	ND	ND	ND
9 October 2012	0.67	1.74	2.93
10 October 2012	0.66	1.72	2.89
11 October 2012	0.67	1.70	2.86
12 October 2012	0.67	1.69	2.83
15 October 2012	0.67	1.70	2.85
16 October 2012	0.70	1.75	2.91
17 October 2012	0.78	1.83	2.98
18 October 2012	0.79	1.86	3.02
19 October 2012	0.77	1.79	2.94
22 October 2012	0.79	1.83	2.95
23 October 2012	0.77	1.79	2.91
24 October 2012	0.76	1.80	2.93
25 October 2012	0.82	1.86	2.98
26 October 2012	0.76	1.78	2.92
29 October 2012	0.74	1.74	2.87
30 October 2012	ND	ND	ND
31 October 2012	0.72	1.72	2.85
1 November 2012	0.73	1.75	2.89
2 November 2012	0.73	1.75	2.91
5 November 2012	0.70	1.72	2.88
6 November 2012	0.75	1.78	2.92
7 November 2012	0.67	1.68	2.83
8 November 2012	0.65	1.62	2.77
9 November 2012	0.65	1.61	2.75
12 November 2012	ND	ND	ND
13 November 2012	0.63	1.59	2.72
14 November 2012	0.63	1.59	2.73
15 November 2012	0.62	1.58	2.72
16 November 2012	0.62	1.58	2.73
19 November 2012	0.64	1.61	2.76
20 November 2012	0.67	1.66	2.82
21 November 2012	0.69	1.69	2.83
22 November 2012	ND	ND	ND
23 November 2012	0.70	1.70	2.83
26 November 2012	0.68	1.66	2.80
27 November 2012	0.66	1.64	2.79
28 November 2012	0.64	1.63	2.79
29 November 2012	0.63	1.62	2.79
30 November 2012	0.61	1.62	2.81
3 December 2012	0.63	1.63	2.80
4 December 2012	0.63	1.62	2.78
5 December 2012	0.61	1.60	2.78
6 December 2012	0.60	1.59	2.76
7 December 2012	0.63	1.64	2.81
10 December 2012	0.62	1.63	2.80
11 December 2012	0.64	1.66	2.83
12 December 2012	0.66	1.72	2.90
13 December 2012	0.70	1.74	2.90
14 December 2012	0.70	1.72	2.87
17 December 2012	0.74	1.78	2.94
18 December 2012	0.78	1.84	3.00
19 December 2012	0.77	1.82	2.99
20 December 2012	0.77	1.81	2.98
21 December 2012	0.75	1.77	2.93
24 December 2012	0.77	1.79	2.94
25 December 2012	ND	ND	ND
26 December 2012	0.76	1.77	2.94
27 December 2012	0.72	1.74	2.89
28 December 2012	0.72	1.73	2.88
31 December 2012	0.72	1.78	2.95
1 January 2013	ND	ND	ND
2 January 2013	0.76	1.86	3.04
3 January 2013	0.81	1.92	3.12
4 January 2013	0.82	1.93	3.10
7 January 2013	0.82	1.92	3.10
8 January 2013	0.79	1.89	3.06
9 January 2013	0.77	1.88	3.06
10 January 2013	0.80	1.91	3.08
11 January 2013	0.78	1.89	3.05
14 January 2013	0.78	1.89	3.05
15 January 2013	0.75	1.86	3.02
16 January 2013	0.75	1.84	3.01
17 January 2013	0.79	1.89	3.06
18 January 2013	0.77	1.87	3.03
21 January 2013	ND	ND	ND
22 January 2013	0.76	1.86	3.02
23 January 2013	0.76	1.86	3.02
24 January 2013	0.78	1.88	3.04
25 January 2013	0.87	1.98	3.14
28 January 2013	0.89	2.00	3.15
29 January 2013	0.90	2.03	3.18
30 January 2013	0.88	2.03	3.19
31 January 2013	0.88	2.02	3.17
1 February 2013	0.88	2.04	3.21
4 February 2013	0.85	2.00	3.17
5 February 2013	0.88	2.04	3.21
6 February 2013	0.84	2.00	3.18
7 February 2013	0.83	1.99	3.17
8 February 2013	0.84	1.99	3.17
11 February 2013	0.85	1.99	3.16
12 February 2013	0.88	2.02	3.19
13 February 2013	0.92	2.05	3.23
14 February 2013	0.86	2.00	3.17
15 February 2013	0.87	2.01	3.18
18 February 2013	ND	ND	ND
19 February 2013	0.89	2.03	3.21
20 February 2013	0.88	2.02	3.20
21 February 2013	0.86	1.99	3.17
22 February 2013	0.84	1.97	3.15
25 February 2013	0.78	1.88	3.08
26 February 2013	0.78	1.88	3.08
27 February 2013	0.78	1.91	3.11
28 February 2013	0.77	1.89	3.10
1 March 2013	0.75	1.86	3.06
4 March 2013	0.76	1.88	3.08
5 March 2013	0.77	1.90	3.10
6 March 2013	0.81	1.95	3.15
7 March 2013	0.85	2.00	3.20
8 March 2013	0.90	2.06	3.25
11 March 2013	0.90	2.07	3.26
12 March 2013	0.88	2.03	3.22
13 March 2013	0.89	2.04	3.22
14 March 2013	0.88	2.04	3.25
15 March 2013	0.84	2.01	3.22
18 March 2013	0.81	1.96	3.18
19 March 2013	0.79	1.92	3.13
20 March 2013	0.81	1.96	3.19
21 March 2013	0.81	1.95	3.15
22 March 2013	0.80	1.93	3.13
25 March 2013	0.80	1.93	3.14
26 March 2013	0.79	1.92	3.13
27 March 2013	0.76	1.87	3.09
28 March 2013	0.77	1.87	3.10
29 March 2013	ND	ND	ND
1 April 2013	0.76	1.86	3.08
2 April 2013	0.78	1.88	3.10
3 April 2013	0.73	1.83	3.05
4 April 2013	0.69	1.78	2.99
5 April 2013	0.68	1.72	2.87
8 April 2013	0.71	1.76	2.91
9 April 2013	0.70	1.78	2.94
10 April 2013	0.74	1.84	3.01
11 April 2013	0.74	1.82	3.01
12 April 2013	0.70	1.75	2.92
15 April 2013	0.69	1.72	2.88
16 April 2013	0.71	1.75	2.91
17 April 2013	0.71	1.73	2.89
18 April 2013	0.71	1.72	2.87
19 April 2013	0.72	1.73	2.88
22 April 2013	0.70	1.72	2.88
23 April 2013	0.71	1.74	2.90
24 April 2013	0.70	1.73	2.89
25 April 2013	0.71	1.74	2.91
26 April 2013	0.68	1.70	2.87
29 April 2013	0.68	1.70	2.88
30 April 2013	0.68	1.70	2.88
1 May 2013	0.65	1.66	2.83
2 May 2013	0.65	1.66	2.82
3 May 2013	0.73	1.78	2.96
6 May 2013	0.74	1.80	2.98
7 May 2013	0.75	1.82	3.00
8 May 2013	0.75	1.81	2.99
9 May 2013	0.75	1.81	3.01
10 May 2013	0.82	1.90	3.10
13 May 2013	0.83	1.92	3.13
14 May 2013	0.85	1.96	3.17
15 May 2013	0.84	1.94	3.16
16 May 2013	0.79	1.87	3.09
17 May 2013	0.84	1.95	3.17
20 May 2013	0.85	1.97	3.18
21 May 2013	0.84	1.94	3.14
22 May 2013	0.91	2.03	3.21
23 May 2013	0.91	2.02	3.20
24 May 2013	0.90	2.01	3.18
27 May 2013	ND	ND	ND
28 May 2013	1.02	2.15	3.31
29 May 2013	1.02	2.13	3.27
30 May 2013	1.01	2.13	3.28
31 May 2013	1.05	2.16	3.30
3 June 2013	1.03	2.13	3.27
4 June 2013	1.05	2.14	3.30
5 June 2013	1.02	2.10	3.25
6 June 2013	1.01	2.08	3.23
7 June 2013	1.10	2.17	3.33
10 June 2013	1.13	2.22	3.36
11 June 2013	1.12	2.20	3.33
12 June 2013	1.15	2.25	3.37
13 June 2013	1.11	2.19	3.33
14 June 2013	1.04	2.14	3.28
17 June 2013	1.06	2.19	3.35
18 June 2013	1.07	2.20	3.34
19 June 2013	1.24	2.33	3.41
20 June 2013	1.31	2.41	3.49
21 June 2013	1.42	2.52	3.56
24 June 2013	1.48	2.57	3.56
25 June 2013	1.49	2.60	3.60
26 June 2013	1.45	2.55	3.58
27 June 2013	1.38	2.49	3.54
28 June 2013	1.41	2.52	3.52
1 July 2013	1.39	2.50	3.48
2 July 2013	1.38	2.48	3.47
3 July 2013	1.42	2.52	3.49
4 July 2013	ND	ND	ND
5 July 2013	1.60	2.73	3.68
8 July 2013	1.51	2.65	3.63
9 July 2013	1.50	2.65	3.64
10 July 2013	1.54	2.70	3.68
11 July 2013	1.40	2.60	3.64
12 July 2013	1.43	2.61	3.64
15 July 2013	1.40	2.57	3.61
16 July 2013	1.38	2.55	3.58
17 July 2013	1.33	2.52	3.57
18 July 2013	1.35	2.56	3.63
19 July 2013	1.31	2.50	3.56
22 July 2013	1.32	2.50	3.55
23 July 2013	1.33	2.53	3.58
24 July 2013	1.40	2.61	3.65
25 July 2013	1.38	2.61	3.65
26 July 2013	1.36	2.58	3.61
29 July 2013	1.37	2.61	3.66
30 July 2013	1.39	2.63	3.67
31 July 2013	1.38	2.60	3.64
1 August 2013	1.49	2.74	3.77
2 August 2013	1.36	2.63	3.69
5 August 2013	1.39	2.67	3.73
6 August 2013	1.39	2.67	3.73
7 August 2013	1.38	2.61	3.68
8 August 2013	1.36	2.58	3.65
9 August 2013	1.36	2.57	3.63
12 August 2013	1.39	2.61	3.67
13 August 2013	1.49	2.71	3.75
14 August 2013	1.48	2.71	3.75
15 August 2013	1.54	2.77	3.81
16 August 2013	1.60	2.84	3.86
19 August 2013	1.63	2.88	3.89
20 August 2013	1.57	2.82	3.86
21 August 2013	1.64	2.87	3.90
22 August 2013	1.71	2.90	3.88
23 August 2013	1.66	2.82	3.80
26 August 2013	1.61	2.79	3.77
27 August 2013	1.56	2.72	3.70
28 August 2013	1.62	2.78	3.75
29 August 2013	1.60	2.75	3.70
30 August 2013	1.62	2.78	3.70
2 September 2013	ND	ND	ND
3 September 2013	1.68	2.86	3.79
4 September 2013	1.74	2.90	3.80
5 September 2013	1.85	2.98	3.88
6 September 2013	1.77	2.94	3.87
9 September 2013	1.71	2.90	3.84
10 September 2013	1.78	2.96	3.88
11 September 2013	1.72	2.93	3.85
12 September 2013	1.72	2.92	3.85
13 September 2013	1.71	2.90	3.84
16 September 2013	1.65	2.88	3.87
17 September 2013	1.62	2.86	3.84
18 September 2013	1.43	2.69	3.75
19 September 2013	1.49	2.76	3.80
20 September 2013	1.50	2.75	3.77
23 September 2013	1.48	2.72	3.73
24 September 2013	1.44	2.67	3.67
25 September 2013	1.41	2.63	3.65
26 September 2013	1.43	2.66	3.69
27 September 2013	1.40	2.64	3.68
30 September 2013	1.39	2.64	3.69
1 October 2013	1.42	2.66	3.72
2 October 2013	1.38	2.63	3.70
3 October 2013	1.36	2.62	3.71
4 October 2013	1.41	2.66	3.73
7 October 2013	1.41	2.65	3.70
8 October 2013	1.43	2.66	3.70
9 October 2013	1.43	2.68	3.73
10 October 2013	1.44	2.71	3.75
11 October 2013	1.42	2.70	3.74
14 October 2013	ND	ND	ND
15 October 2013	1.45	2.75	3.78
16 October 2013	1.41	2.69	3.72
17 October 2013	1.35	2.61	3.66
18 October 2013	1.35	2.60	3.65
21 October 2013	1.38	2.63	3.68
22 October 2013	1.30	2.54	3.61
23 October 2013	1.30	2.51	3.59
24 October 2013	1.32	2.53	3.61
25 October 2013	1.30	2.53	3.60
28 October 2013	1.31	2.54	3.61
29 October 2013	1.29	2.53	3.62
30 October 2013	1.30	2.55	3.63
31 October 2013	1.31	2.57	3.63
1 November 2013	1.37	2.65	3.69
4 November 2013	1.36	2.63	3.70
5 November 2013	1.39	2.69	3.76
6 November 2013	1.34	2.67	3.77
7 November 2013	1.31	2.63	3.71
8 November 2013	1.42	2.77	3.84
11 November 2013	ND	ND	ND
12 November 2013	1.47	2.80	3.86
13 November 2013	1.41	2.75	3.83
14 November 2013	1.34	2.69	3.79
15 November 2013	1.36	2.71	3.80
18 November 2013	1.33	2.67	3.76
19 November 2013	1.37	2.71	3.80
20 November 2013	1.39	2.80	3.90
21 November 2013	1.38	2.79	3.89
22 November 2013	1.37	2.75	3.84
25 November 2013	1.37	2.74	3.83
26 November 2013	1.34	2.71	3.80
27 November 2013	1.36	2.74	3.81
28 November 2013	ND	ND	ND
29 November 2013	1.37	2.75	3.82
2 December 2013	1.43	2.81	3.86
3 December 2013	1.40	2.79	3.84
4 December 2013	1.45	2.84	3.90
5 December 2013	1.49	2.88	3.92
6 December 2013	1.51	2.88	3.90
9 December 2013	1.50	2.86	3.88
10 December 2013	1.46	2.81	3.83
11 December 2013	1.50	2.86	3.87
12 December 2013	1.55	2.89	3.91
13 December 2013	1.55	2.88	3.88
16 December 2013	1.55	2.89	3.90
17 December 2013	1.52	2.85	3.88
18 December 2013	1.55	2.89	3.90
19 December 2013	1.63	2.94	3.91
20 December 2013	1.66	2.89	3.82
23 December 2013	1.68	2.94	3.85
24 December 2013	1.73	2.99	3.90
25 December 2013	ND	ND	ND
26 December 2013	1.74	3.00	3.92
27 December 2013	1.74	3.02	3.94
30 December 2013	1.71	2.99	3.90
31 December 2013	1.75	3.04	3.96
1 January 2014	ND	ND	ND
2 January 2014	1.72	3.00	3.92
3 January 2014	1.73	3.01	3.93
6 January 2014	1.70	2.98	3.90
7 January 2014	1.69	2.96	3.88
8 January 2014	1.77	3.01	3.90
9 January 2014	1.75	2.97	3.88
10 January 2014	1.64	2.88	3.80
13 January 2014	1.60	2.84	3.77
14 January 2014	1.65	2.88	3.80
15 January 2014	1.68	2.90	3.81
16 January 2014	1.66	2.86	3.77
17 January 2014	1.64	2.84	3.75
20 January 2014	ND	ND	ND
21 January 2014	1.67	2.85	3.74
22 January 2014	1.72	2.87	3.75
23 January 2014	1.62	2.79	3.68
24 January 2014	1.58	2.75	3.64
27 January 2014	1.61	2.78	3.67
28 January 2014	1.59	2.77	3.68
29 January 2014	1.52	2.69	3.62
30 January 2014	1.55	2.72	3.65
31 January 2014	1.49	2.67	3.61
3 February 2014	1.44	2.61	3.55
4 February 2014	1.46	2.64	3.59
5 February 2014	1.50	2.70	3.66
6 February 2014	1.52	2.73	3.67
7 February 2014	1.47	2.71	3.67
10 February 2014	1.48	2.70	3.66
11 February 2014	1.54	2.75	3.69
12 February 2014	1.59	2.80	3.72
13 February 2014	1.51	2.73	3.70
14 February 2014	1.53	2.75	3.69
17 February 2014	ND	ND	ND
18 February 2014	1.50	2.71	3.68
19 February 2014	1.53	2.73	3.71
20 February 2014	1.57	2.76	3.73
21 February 2014	1.56	2.73	3.69
24 February 2014	1.57	2.75	3.70
25 February 2014	1.53	2.70	3.66
26 February 2014	1.50	2.67	3.63
27 February 2014	1.49	2.65	3.60
28 February 2014	1.51	2.66	3.59
3 March 2014	1.46	2.60	3.55
4 March 2014	1.54	2.70	3.64
5 March 2014	1.54	2.70	3.64
6 March 2014	1.57	2.74	3.68
7 March 2014	1.65	2.80	3.72
10 March 2014	1.64	2.79	3.73
11 March 2014	1.62	2.77	3.70
12 March 2014	1.59	2.73	3.66
13 March 2014	1.53	2.66	3.60
14 March 2014	1.55	2.65	3.59
17 March 2014	1.58	2.70	3.63
18 March 2014	1.56	2.68	3.62
19 March 2014	1.75	2.78	3.66
20 March 2014	1.73	2.79	3.67
21 March 2014	1.73	2.75	3.61
24 March 2014	1.76	2.74	3.57
25 March 2014	1.76	2.75	3.59
26 March 2014	1.70	2.71	3.55
27 March 2014	1.70	2.69	3.52
28 March 2014	1.74	2.73	3.55
31 March 2014	1.73	2.73	3.56
1 April 2014	1.74	2.77	3.60
2 April 2014	1.80	2.82	3.65
3 April 2014	1.79	2.80	3.62
4 April 2014	1.71	2.74	3.59
7 April 2014	1.68	2.71	3.56
8 April 2014	1.67	2.69	3.54
9 April 2014	1.65	2.71	3.57
10 April 2014	1.59	2.65	3.52
11 April 2014	1.58	2.63	3.48
14 April 2014	1.61	2.65	3.48
15 April 2014	1.63	2.64	3.46
16 April 2014	1.67	2.65	3.45
17 April 2014	1.75	2.73	3.52
18 April 2014	ND	ND	ND
21 April 2014	1.74	2.73	3.52
22 April 2014	1.76	2.73	3.50
23 April 2014	1.73	2.70	3.47
24 April 2014	1.74	2.70	3.46
25 April 2014	1.72	2.68	3.45
28 April 2014	1.73	2.70	3.47
29 April 2014	1.74	2.71	3.49
30 April 2014	1.69	2.67	3.47
1 May 2014	1.66	2.63	3.41
2 May 2014	1.67	2.60	3.37
5 May 2014	1.68	2.63	3.41
6 May 2014	1.68	2.61	3.38
7 May 2014	1.65	2.62	3.40
8 May 2014	1.63	2.61	3.45
9 May 2014	1.63	2.62	3.47
12 May 2014	1.67	2.66	3.49
13 May 2014	1.62	2.61	3.45
14 May 2014	1.57	2.54	3.37
15 May 2014	1.55	2.50	3.33
16 May 2014	1.56	2.52	3.34
19 May 2014	1.56	2.54	3.39
20 May 2014	1.53	2.52	3.38
21 May 2014	1.55	2.54	3.42
22 May 2014	1.57	2.56	3.43
23 May 2014	1.55	2.54	3.40
26 May 2014	ND	ND	ND
27 May 2014	1.56	2.52	3.37
28 May 2014	1.50	2.44	3.29
29 May 2014	1.52	2.45	3.31
30 May 2014	1.54	2.48	3.33
2 June 2014	1.60	2.54	3.38
3 June 2014	1.65	2.60	3.43
4 June 2014	1.65	2.61	3.45
5 June 2014	1.63	2.59	3.44
6 June 2014	1.66	2.60	3.44
9 June 2014	1.69	2.62	3.45
10 June 2014	1.71	2.64	3.47
11 June 2014	1.70	2.65	3.47
12 June 2014	1.66	2.58	3.41
13 June 2014	1.70	2.60	3.41
16 June 2014	1.71	2.61	3.40
17 June 2014	1.77	2.66	3.44
18 June 2014	1.71	2.61	3.43
19 June 2014	1.71	2.64	3.47
20 June 2014	1.71	2.63	3.44
23 June 2014	1.72	2.63	3.45
24 June 2014	1.70	2.59	3.41
25 June 2014	1.68	2.57	3.38
26 June 2014	1.64	2.53	3.35
27 June 2014	1.64	2.54	3.36
30 June 2014	1.62	2.53	3.34
1 July 2014	1.66	2.58	3.40
2 July 2014	1.71	2.64	3.46
3 July 2014	1.74	2.65	3.47
4 July 2014	ND	ND	ND
7 July 2014	1.74	2.63	3.44
8 July 2014	1.70	2.58	3.38
9 July 2014	1.68	2.57	3.37
10 July 2014	1.66	2.55	3.38

Note: The Treasury ceased publication of the 30-year constant maturity series on February 18, 2002, and resumed that series on February 9, 2006.

Source: Department of the Treasury.

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Figure 30. Yield and Spread on Agency Mortgage-Backed Securities

Series: Yield and spread

Horizon: 2000 to 2014

Description: Daily data are plotted as two curves. Units are percent for yield and basis points for spread. The curves cross at various points between 2002 and 2003 and between 2008 and 2011.

The yield series starts at the beginning of 2000 around 8, then begins to fall by midyear; it declines generally until mid-2003, nearly reaching 4. After that it increases generally for several years, reaching nearly 6.5 in mid-2006. The series fluctuates around that level until mid-2008, then drops sharply to around 4 by the end of that year. The series remains between 4 and 5 until mid-2010, when it starts to decline, reaching just above 3 late that year. It increases to just over 4 in late 2010, then declines generally until late 2012, bottoming out around 2. The series increases sharply in early 2013 and continues to fluctuate around 3.5 throughout the remainder of 2013. The series ends on a slight downward trend at approximately 3.2 on July 10, 2014.

The spread series starts at the beginning of 2000 around 135, then increases to about 180 and fluctuates near that level for about two years. The series then decreases to about 140 near mid-2002 before increasing again to fluctuate around 180 until early 2003. At that time the series begins a general decline, gradually falling until it reaches about 100 in the beginning of 2007. It then increases sharply, reaching about 280 by early 2008; it dips briefly but returns to that level by the end of the year. The series generally declines to about 125 by mid-2009 but then increases to over 175 by mid-2011. General declines over the next year precede a sharp drop to around 80 in late 2012. In early 2013 the series rises to around 150. The series ends on a slight downward trend at approximately 110 on July 10, 2014.

Note: The data are daily. Yield shown is for the Fannie Mae 30-year current coupon, the coupon rate at which new mortgage-backed securities would be priced at par, or face, value. Spread shown is to the average of the 5- and 10-year nominal Treasury yields.

Source: Department of the Treasury; Barclays Live.

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Figure 31. 10-Year Nominal Benchmark Yields in Advanced Foreign Economies

Series: United Kingdom, Germany, and Japan

Horizon: 2012 to 2014

Description: Daily data are plotted as three curves. Units are percent.

The United Kingdom and Germany series both begin at about 2 in January 2012. The United Kingdom series generally increases until reaching a high of about 2.5 in March 2012. The Germany series has a similar contour but is slightly lower than the United Kingdom curve. Both series then generally decrease from March until July 2012, when the United Kingdom series reaches a low of about 1.5 and the Germany series reaches a low of about 1.

The United Kingdom series then generally increases from July 2012 until February 2013, when it reaches a high of about 2.25. The series declines slightly until April 2013, when it begins to increase again until it reaches about 3 in September 2013. While the Germany series has a similar profile, it fluctuates around 1.5 from July 2012 until April 2013, when it hits a low of about 1.25. From April to September 2013, the series increases until it reaches a high of about 2. Both series then generally decline. The United Kingdom series reaches a low of about 2.5 in October 2013 and immediately begins to increase, whereas the Germany series also reaches its low of about 1.75 in October 2013 but does not begin to increase until December 2013. Both series continue trending upward until they reach highs in January 2014 of about 3 for the United Kingdom and about 2 for Germany. Between January and July 2014, the United Kingdom series first drops somewhat, then fluctuates between about 2.75 and 2.5, ending on July 10, 2014, slightly over 2.5. Over the same period the Germany series declines more steadily, ending around 1.25 on July 10, 2014.

The Japan series begins at about 1 in January 2012. It trends downward gradually until April 2013, when it reaches a low of about 0.5. During May 2013 it quickly increases to about 1. The series remains around 1 until July 2013, when it begins to decline gradually. This decline continues until November 2013, when the series reaches a low of about 0.5. It then increases until January 2014 to a high of about 0.75 before declining to a low of about 0.5 in February 2014. From March to July 2014, the Japan series remains flat slightly above 0.5, then dips down toward 0.5 by its end on July 10, 2014.

Source: Bloomberg.

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Figure 32. Equity Prices

Series: Dow Jones bank index, and S&P 500 index

Horizon: 1996 to 2014

Description: Daily data are plotted as two curves. Units are an index in which the base date of December 31, 2007, is equal to 100. The curves cross multiple times between late 1999 and early 2001 and throughout 2008.

The Dow Jones bank index series starts at the beginning of 1996 just below 50. The series increases generally, reaching about 110 in early 1998. After quickly falling to about 75, the series fluctuates from lows of around 80 to highs of around 100 until early 2003, when it begins to increase. It generally continues to increase until around 2007. After reaching about 140, the series begins to decline generally around mid-2007, falling to just above 20, where it bottoms out in early 2009. It increases to about 50 by mid-2009 and fluctuates around 50 through mid-2011. The series then falls below 40 in the fall of 2011 before increasing generally. It passes 70 in late 2013 and fluctuates at approximately 75 until it ends on July 10, 2014.

The S&P 500 index series starts at the beginning of 1996 just above 40. The series increases generally for a few years, reaching about 60 around mid-1997, about 70 in early 1998, about 80 near mid-1998, around 90 in early 1999, and about 100 by the beginning of 2000. The series remains around 100 during 2000; from early 2001 until mid-2002 it generally declines. For about one year the series fluctuates around 60. The series then increases generally, reaching 80 around the end of 2004 and 100 by mid-2007. It starts to fall near the beginning of 2008, reaching a low of about 50 in early 2009. The series then increases generally, reaching about 80 in early 2010 and fluctuating around this level until late 2011, when it resumes increasing. The series reaches about 125 around the start of 2014 and continues to increase until it ends at approximately 135 on July 10, 2014.

Source: Dow Jones bank index; Standard & Poor's 500 index via Bloomberg.

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Figure 33. Dollar-Roll-Implied Financing Rates (Front Month), Fannie Mae 30-Year

Series: 4.0 percent coupon and 3.5 percent coupon

Horizon: 2011 to 2014

Description: Daily data are plotted as two curves. Units are percent. The curves cross in mid- and late 2012 and at several points in 2013 and 2014. There is a horizontal zero line. A vertical line labeled "fails charge announced" intersects the x-axis in early 2011, and another vertical line labeled "fails charge implemented" intersects the x-axis in early 2012.

The 3.5 percent coupon series starts at the beginning of 2011 just above zero. The series fluctuates between zero and about 0.25 through the first half of 2011, dipping below zero slightly on three occasions. The third occasion coincides with the line labeled "fails charge announced." The series decreases in late 2011, going negative on three occasions and reaching past negative 0.25. The series sharply increases to nearly 0.5 by the end of 2011, before falling barely negative right at year-end. In early 2012 it decreases sharply after crossing the line labeled "fails charge implemented," nearly reaching negative 1.0 before returning to a level between zero and negative 0.5 for a period. Near mid-2012, the series falls to about negative 1.5, then fluctuates between negative 1.0 and negative 1.5. In late 2012 the series begins to increase generally and is around negative 1.0 near year-end. In early 2013, the series jumps up to near zero, quickly retraces its path, then gradually increases again, reaching zero midyear. The series then fluctuates around the zero line through late 2013. The series generally declines to around negative 0.7 throughout the first half of 2014, until it sharply increases in July, ending on July 10, 2014, at approximately negative 0.2.

The 4.0 percent coupon series starts in mid-2012 at about negative 0.5. It jumps to just above zero before falling to around negative 1.0 for a short time. The series quickly increases, peaking just below 0; then it declines to about negative 0.75. Near the end of 2012 the series increases, going positive twice briefly, and falls negative once again. In early 2013 the series quickly rises to around 0.5 and remains roughly level until midyear, when it sharply declines to about negative 0.8. The series gradually trends upward for a period, crossing 0 at various points throughout late 2013. The series generally declines to around negative 0.4 throughout the first half of 2014, until it sharply increases in July, ending on July 10, 2014, at approximately 0.

Note: The 4.0 percent coupon data series begins on June 1, 2012.

Source: J.P. Morgan.

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Figure 34. Profitability of Bank Holding Companies

Percent, annual rate

Period	Return on assets	Return on equity
1997:Q1	1.19	15.21
1997:Q2	1.18	15.10
1997:Q3	1.22	15.73
1997:Q4	1.27	16.40
1998:Q1	1.11	14.49
1998:Q2	1.22	15.76
1998:Q3	1.04	13.32
1998:Q4	1.06	14.37
1999:Q1	1.24	16.36
1999:Q2	1.28	16.96
1999:Q3	1.37	18.11
1999:Q4	1.32	17.44
2000:Q1	1.29	17.53
2000:Q2	0.91	12.57
2000:Q3	1.19	16.19
2000:Q4	1.13	15.15
2001:Q1	0.99	13.21
2001:Q2	0.93	12.08
2001:Q3	0.86	11.06
2001:Q4	0.93	11.89
2002:Q1	1.15	14.68
2002:Q2	1.11	14.00
2002:Q3	1.14	14.25
2002:Q4	1.03	13.11
2003:Q1	1.16	14.59
2003:Q2	1.24	15.77
2003:Q3	1.28	16.43
2003:Q4	1.35	17.16
2004:Q1	1.27	16.33
2004:Q2	1.03	13.10
2004:Q3	1.19	14.67
2004:Q4	1.24	14.83
2005:Q1	1.18	14.20
2005:Q2	1.20	14.38
2005:Q3	1.25	15.17
2005:Q4	1.20	14.60
2006:Q1	1.16	14.11
2006:Q2	1.20	14.90
2006:Q3	1.23	15.46
2006:Q4	1.32	16.11
2007:Q1	1.03	12.63
2007:Q2	1.12	14.09
2007:Q3	0.73	9.60
2007:Q4	-0.12	-1.70
2008:Q1	0.14	2.13
2008:Q2	-0.09	-1.35
2008:Q3	-0.66	-8.62
2008:Q4	-1.62	-21.78
2009:Q1	0.04	0.87
2009:Q2	-0.02	-0.37
2009:Q3	0.12	1.52
2009:Q4	0.09	1.01
2010:Q1	0.42	4.94
2010:Q2	0.57	6.53
2010:Q3	0.40	4.53
2010:Q4	0.50	5.41
2011:Q1	0.60	6.37
2011:Q2	0.46	4.94
2011:Q3	0.92	9.78
2011:Q4	0.58	6.08
2012:Q1	0.57	5.60
2012:Q2	0.73	7.23
2012:Q3	0.73	7.17
2012:Q4	0.87	8.27
2013:Q1	0.82	7.47
2013:Q2	0.92	8.53
2013:Q3	0.87	8.09
2013:Q4	0.92	8.52
2014:Q1	0.83	7.44

Note: The data, which are seasonally adjusted, are quarterly.

Source: Federal Reserve Board, Reporting Form FR Y-9C, Consolidated Financial Statements for Bank Holding Companies.

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Figure 35. Change in Total Bank Credit

Quarterly

Period	4-quarter percent change
1993:Q1	4.65
1993:Q2	5.73
1993:Q3	6.22
1993:Q4	5.78
1994:Q1	6.63
1994:Q2	6.45
1994:Q3	6.92
1994:Q4	6.77
1995:Q1	6.42
1995:Q2	8.04
1995:Q3	7.81
1995:Q4	7.48
1996:Q1	6.55
1996:Q2	3.68
1996:Q3	2.57
1996:Q4	3.30
1997:Q1	4.68
1997:Q2	7.18
1997:Q3	9.06
1997:Q4	9.85
1998:Q1	11.36
1998:Q2	10.58
1998:Q3	10.22
1998:Q4	11.21
1999:Q1	7.79
1999:Q2	6.30
1999:Q3	5.84
1999:Q4	5.18
2000:Q1	7.61
2000:Q2	9.67
2000:Q3	10.22
2000:Q4	8.35
2001:Q1	7.18
2001:Q2	5.44
2001:Q3	4.26
2001:Q4	3.92
2002:Q1	3.18
2002:Q2	2.82
2002:Q3	3.88
2002:Q4	7.90
2003:Q1	10.17
2003:Q2	12.61
2003:Q3	11.65
2003:Q4	6.37
2004:Q1	5.35
2004:Q2	5.08
2004:Q3	5.35
2004:Q4	7.97
2005:Q1	9.08
2005:Q2	8.93
2005:Q3	10.16
2005:Q4	10.12
2006:Q1	9.24
2006:Q2	9.61
2006:Q3	9.16
2006:Q4	8.84
2007:Q1	8.75
2007:Q2	7.92
2007:Q3	8.31
2007:Q4	9.29
2008:Q1	9.00
2008:Q2	7.25
2008:Q3	4.84
2008:Q4	3.08
2009:Q1	-0.28
2009:Q2	-1.93
2009:Q3	-4.50
2009:Q4	-7.42
2010:Q1	-7.43
2010:Q2	-7.64
2010:Q3	-5.38
2010:Q4	-2.87
2011:Q1	-1.75
2011:Q2	-0.50
2011:Q3	0.33
2011:Q4	1.54
2012:Q1	3.07
2012:Q2	4.17
2012:Q3	4.60
2012:Q4	3.92
2013:Q1	3.69
2013:Q2	3.06
2013:Q3	1.82
2013:Q4	1.54
2014:Q1	2.17
2014:Q2	3.71

Note: The data are seasonally adjusted and extend through 2014:Q2.

Source: Federal Reserve Board, Statistical Release H.8, "Assets and Liabilities of Commercial Banks in the United States."

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Figure 36. Change in Use of Financial Leverage by Hedge Funds

Quarterly

Period	Net percent
2011:Q3	-42.86
2011:Q4	-55.00
2012:Q1	-20.00
2012:Q2	-22.73
2012:Q3	-4.55
2012:Q4	9.00
2013:Q1	27.00
2013:Q2	22.00
2013:Q3	-18.00
2013:Q4	-9.00
2014:Q1	0.00
2014:Q2	4.00

Note: The data begin in 2011:Q3 and extend through 2014:Q2. Net percent equals the percent of dealers that reported an increase in the use of leverage (chose the response "increased considerably" or "increased somewhat") minus the percent of dealers that reported a decrease in the use of leverage (chose the response "decreased considerably" or "decreased somewhat").

Source: Federal Reserve Board, Senior Credit Officer Opinion Survey on Dealer Financing Terms.

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Figure 37. Equity Indexes for Selected Foreign Economies

Series: Emerging markets, euro area, Japan, and China

Horizon: 2012 to 2014

Description: Daily data are plotted as four curves. Units are an index in which the base date of January 4, 2012, is equal to 100.

Starting in January 2012, all four series increase moderately from 100. The emerging markets and China series peak at about 115 in late February 2012. The euro area and Japan series peak at about 110 and 115, respectively, in mid-March 2012. The emerging markets, euro area, and Japan series begin to decline in March 2012 and reach between 90 and 95 in early June 2012. The China series dips briefly to around 105 in March and April 2012.

From May through November 2012, the China series declines steadily, reaching a low in early December near 90. The euro area, emerging markets, and Japan series follow a similar contour, trending upward from June 2012 until August 2012, when the euro area and emerging markets series reach about 105 and the Japan series reaches about 100. The three series then fluctuate around these levels through November 2012.

In November 2012, all four series begin to increase at a greater rate through the start of 2013. The Japan series continues to grow fairly steadily for several months, increasing to about 170 in May 2013. Later that month, it begins to fall precipitously until it hits a low of about 140 in June 2013. The series fluctuates between about 140 and 150 through the end of the month. In July 2013, the series begins to increase significantly; it reaches more than 160 in mid-July 2013 before beginning a volatile decline that reaches a low of about 150 at the end of August 2013. The series then increases through the end of September 2013 to a high of about 165, but it sharply decreases to a low of about 155 near the beginning of October 2013. The series generally increases from October 2013 to January 2014, when it reaches a high of about 175. At the end of January 2014 the series begins a steep decline, and it reaches a low of about 155 in early February. The series remains volatile within a small range around 160 between February and May 2014, then quickly increases to roughly 170, where it ends on July 10, 2014.

The China, emerging markets, and euro area series increase from November 2012 through early 2013, reaching highs of around 110, 115, and 120, respectively. In February 2013, the China series and the emerging market series begin following a similar contour of gradual decrease, with a sharp fall to about 90 for the China series and about 95 for the emerging markets series in June 2013. Between June 2013 and September 2013 both series generally increase, with the emerging markets series reaching a high of around 110 and the China series reaching a little over 100. China then declines through January 2014 to around 90, and the emerging markets series declines though February 2014 to around 100. From January to July 2014 the China series remains mostly unchanged, fluctuating between about 90 and 100 until it ends near 95 on July 10, 2014. The emerging markets series remains roughly flat near 100 from February to March 2014, then increases fairly steadily to end around 115 on July 10, 2014.

The euro area series fluctuates between about 110 and 120 from February 2013 to April 2013, then increases through the end of May 2013 to peak at about 125. It then falls to a low of about 110 in late June 2013, after which it begins a general increase, reaching about 125 in August 2013, 135 in November 2013, and 140 in January 2014. The series is roughly level around 140 until it climbs up to 145 in June 2014; it drops just below 140 when it ends on July 10, 2014.

Source: For emerging markets, Morgan Stanley Emerging Markets MXEF Capital Index; for the euro area, Dow Jones Euro STOXX Index; for Japan, Tokyo Stock Price Index (TOPIX); for China, Shanghai Composite Index; all via Bloomberg.

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Figure 38. U.S. Dollar Exchange Rate Against Broad Index and Selected Major Currencies

Daily
January 4, 2012 = 100

Date	Broad	Pound	Yen	Renminbi
4 January 2012	100.00	100.00	100.00	100.00
5 January 2012	100.54	101.02	100.65	100.11
6 January 2012	100.67	101.34	100.50	100.23
9 January 2012	100.70	101.31	100.26	100.32
10 January 2012	100.21	100.96	100.21	100.32
11 January 2012	100.50	102.04	100.29	100.33
12 January 2012	100.17	102.04	100.10	100.37
13 January 2012	100.46	102.20	100.29	100.20
16 January 2012	ND	ND	ND	ND
17 January 2012	99.95	101.84	100.16	100.31
18 January 2012	99.63	101.48	100.17	100.27
19 January 2012	99.27	100.99	100.72	100.35
20 January 2012	99.32	100.63	100.38	100.62
23 January 2012	98.94	100.36	100.31	100.62
24 January 2012	99.14	100.28	101.43	100.62
25 January 2012	99.23	100.44	101.89	100.62
26 January 2012	98.35	99.57	101.03	100.62
27 January 2012	98.20	99.50	100.00	100.62
30 January 2012	98.42	99.67	99.48	100.59
31 January 2012	98.47	99.26	99.56	100.22
1 February 2012	98.02	98.67	99.26	100.21
2 February 2012	97.77	98.89	99.28	100.12
3 February 2012	97.75	99.11	99.82	100.14
6 February 2012	97.71	98.77	99.82	100.28
7 February 2012	97.50	98.41	100.26	100.17
8 February 2012	97.54	98.85	100.29	100.00
9 February 2012	97.52	98.74	100.97	100.01
10 February 2012	98.00	99.30	101.16	100.08
13 February 2012	97.79	99.10	101.10	100.05
14 February 2012	98.11	99.66	102.23	100.09
15 February 2012	98.10	99.54	102.01	100.09
16 February 2012	98.26	99.01	102.73	100.12
17 February 2012	98.17	98.89	103.46	100.07
20 February 2012	ND	ND	ND	ND
21 February 2012	97.94	99.00	103.98	100.03
22 February 2012	98.16	99.75	104.72	100.03
23 February 2012	98.03	99.61	104.60	100.06
24 February 2012	97.84	98.54	105.48	100.06
27 February 2012	97.90	98.69	104.88	100.11
28 February 2012	97.74	98.43	104.90	100.08
29 February 2012	97.69	98.04	105.76	99.99
1 March 2012	97.74	98.03	105.84	100.10
2 March 2012	98.07	98.65	106.36	100.07
5 March 2012	98.22	98.54	106.19	100.20
6 March 2012	98.76	99.48	105.45	100.22
7 March 2012	98.63	99.31	105.71	100.25
8 March 2012	98.21	98.84	106.29	100.35
9 March 2012	98.37	99.75	107.71	100.27
12 March 2012	98.62	100.15	107.21	100.50
13 March 2012	98.51	99.38	107.80	100.52
14 March 2012	98.92	99.69	109.26	100.59
15 March 2012	98.76	99.80	108.61	100.54
16 March 2012	98.51	98.69	108.69	100.45
19 March 2012	98.28	98.39	108.65	100.40
20 March 2012	98.60	98.62	109.05	100.42
21 March 2012	98.67	98.67	109.05	100.45
22 March 2012	98.78	98.93	107.59	100.08
23 March 2012	98.59	98.58	107.39	100.13
26 March 2012	98.31	98.11	108.03	100.31
27 March 2012	98.26	97.91	108.44	100.19
28 March 2012	98.57	98.63	107.90	100.16
29 March 2012	98.71	98.28	107.30	100.18
30 March 2012	98.43	97.83	107.47	100.05
2 April 2012	98.22	97.60	107.15	100.06
3 April 2012	98.15	97.95	107.17	100.05
4 April 2012	98.79	98.48	107.75	100.05
5 April 2012	98.85	98.84	107.37	100.29
6 April 2012	98.90	98.49	106.36	100.18
9 April 2012	98.94	98.48	106.10	100.25
10 April 2012	99.24	98.75	105.56	100.26
11 April 2012	99.15	98.40	105.48	100.21
12 April 2012	98.74	98.11	105.46	100.20
13 April 2012	99.01	98.66	105.62	100.13
16 April 2012	99.20	98.57	104.93	100.33
17 April 2012	98.74	98.16	105.27	100.12
18 April 2012	98.93	97.62	106.01	100.14
19 April 2012	99.08	97.38	106.38	100.14
20 April 2012	98.81	96.99	106.42	100.22
23 April 2012	99.09	97.12	105.84	100.23
24 April 2012	98.83	96.92	105.91	100.21
25 April 2012	98.77	96.85	106.06	100.16
26 April 2012	98.65	96.60	105.35	100.18
27 April 2012	98.33	96.30	104.96	100.24
30 April 2012	98.31	96.38	104.08	99.76
1 May 2012	98.31	96.41	104.55	100.24
2 May 2012	98.59	96.57	104.58	100.20
3 May 2012	98.67	96.62	104.80	100.18
4 May 2012	99.03	96.84	104.12	100.19
7 May 2012	99.07	96.58	104.17	100.21
8 May 2012	99.40	96.78	104.06	100.21
9 May 2012	99.76	96.95	103.86	100.25
10 May 2012	99.71	96.76	104.21	100.32
11 May 2012	99.73	97.25	104.15	100.25
14 May 2012	100.28	97.03	104.11	100.43
15 May 2012	100.55	97.59	104.45	100.37
16 May 2012	100.94	98.15	104.75	100.45
17 May 2012	100.98	98.83	103.36	100.49
18 May 2012	101.15	99.05	103.21	100.48
21 May 2012	101.10	99.04	103.43	100.53
22 May 2012	101.11	99.13	104.30	100.45
23 May 2012	101.90	99.66	103.46	100.64
24 May 2012	101.83	99.62	103.64	100.81
25 May 2012	101.99	99.94	103.86	100.79
28 May 2012	ND	ND	ND	ND
29 May 2012	101.92	100.05	103.60	100.85
30 May 2012	102.36	100.68	102.93	101.01
31 May 2012	102.74	101.51	102.10	101.18
1 June 2012	102.76	101.66	102.00	101.19
4 June 2012	102.56	101.66	102.11	101.11
5 June 2012	102.65	101.84	102.46	101.16
6 June 2012	102.08	101.05	103.17	101.10
7 June 2012	101.83	100.52	103.90	101.10
8 June 2012	102.24	101.33	103.64	101.21
11 June 2012	102.08	100.79	103.68	101.19
12 June 2012	102.12	100.49	103.60	101.21
13 June 2012	101.89	100.52	103.48	101.18
14 June 2012	101.88	100.68	103.40	101.21
15 June 2012	101.58	99.90	102.57	101.12
18 June 2012	101.68	99.83	102.96	100.95
19 June 2012	101.11	99.40	102.92	100.95
20 June 2012	101.23	99.29	103.73	101.04
21 June 2012	101.70	100.03	104.56	101.12
22 June 2012	102.00	100.36	105.01	101.12
25 June 2012	102.24	100.53	103.68	101.10
26 June 2012	102.06	100.12	103.63	101.09
27 June 2012	101.92	100.57	104.11	100.99
28 June 2012	102.05	100.87	103.48	101.00
29 June 2012	100.96	99.69	104.08	100.94
2 July 2012	100.98	99.74	103.57	100.87
3 July 2012	100.70	99.59	104.03	100.92
4 July 2012	ND	ND	ND	ND
5 July 2012	101.25	100.69	104.26	100.98
6 July 2012	101.73	101.02	103.82	101.11
9 July 2012	101.73	100.84	103.89	101.22
10 July 2012	101.58	100.85	103.60	101.13
11 July 2012	101.63	100.68	103.94	101.18
12 July 2012	101.96	101.38	103.40	101.26
13 July 2012	101.60	100.57	103.29	101.35
16 July 2012	101.42	100.02	102.76	101.34
17 July 2012	101.39	100.16	103.08	101.25
18 July 2012	101.13	100.01	102.75	101.19
19 July 2012	101.08	99.48	102.50	101.24
20 July 2012	101.39	100.05	102.36	101.26
23 July 2012	101.98	100.81	102.22	101.45
24 July 2012	102.31	100.75	101.97	101.46
25 July 2012	102.10	101.03	102.00	101.49
26 July 2012	101.42	99.71	102.03	101.43
27 July 2012	100.99	99.43	102.44	101.38
30 July 2012	101.10	99.64	101.98	101.35
31 July 2012	100.86	99.69	101.85	101.06
1 August 2012	100.91	100.27	101.97	101.17
2 August 2012	101.44	100.89	102.01	101.16
3 August 2012	100.64	99.92	102.50	101.24
6 August 2012	100.45	100.08	101.94	101.27
7 August 2012	100.53	99.87	102.65	101.15
8 August 2012	100.56	99.87	102.30	101.06
9 August 2012	100.62	100.10	102.56	101.01
10 August 2012	100.53	99.74	102.03	101.05
13 August 2012	100.62	99.67	102.16	101.06
14 August 2012	100.65	99.66	102.79	101.02
15 August 2012	100.73	99.69	102.88	101.08
16 August 2012	100.64	99.36	103.35	101.14
17 August 2012	100.77	99.62	103.68	101.02
20 August 2012	100.68	99.56	103.56	101.03
21 August 2012	100.36	99.05	103.59	100.98
22 August 2012	100.48	98.97	103.27	100.91
23 August 2012	100.14	98.46	102.32	100.94
24 August 2012	100.32	98.88	102.57	100.95
27 August 2012	100.36	98.97	102.60	100.98
28 August 2012	100.26	98.80	102.37	100.93
29 August 2012	100.45	98.73	102.66	100.91
30 August 2012	100.69	99.01	102.44	100.88
31 August 2012	100.23	98.58	102.11	100.86
3 September 2012	ND	ND	ND	ND
4 September 2012	100.22	98.42	102.18	100.83
5 September 2012	100.18	98.31	102.16	100.87
6 September 2012	99.96	98.22	102.97	100.77
7 September 2012	99.41	97.64	101.90	100.77
10 September 2012	99.37	97.68	102.03	100.69
11 September 2012	99.12	97.31	101.43	100.65
12 September 2012	99.09	97.06	101.54	100.51
13 September 2012	99.01	96.98	100.95	100.56
14 September 2012	98.16	96.27	102.01	100.32
17 September 2012	98.30	96.16	102.61	100.36
18 September 2012	98.53	96.23	102.49	100.39
19 September 2012	98.48	96.42	102.24	100.24
20 September 2012	98.77	96.54	102.11	100.15
21 September 2012	98.54	96.23	101.94	100.17
24 September 2012	98.84	96.54	101.59	100.24
25 September 2012	98.62	96.34	101.60	100.18
26 September 2012	99.00	96.86	101.43	100.12
27 September 2012	98.74	96.43	101.23	100.13
28 September 2012	98.79	96.94	101.62	99.85
1 October 2012	98.66	96.88	101.72	99.84
2 October 2012	98.61	96.61	101.73	99.84
3 October 2012	98.83	97.27	102.46	99.84
4 October 2012	98.45	96.74	102.30	99.84
5 October 2012	98.26	96.55	102.58	99.84
8 October 2012	ND	ND	ND	ND
9 October 2012	98.83	97.82	102.02	99.90
10 October 2012	98.85	97.69	102.06	99.83
11 October 2012	98.70	97.57	102.30	99.72
12 October 2012	98.63	97.28	102.13	99.57
15 October 2012	98.59	97.32	102.71	99.62
16 October 2012	98.49	97.12	102.92	99.52
17 October 2012	98.16	96.74	102.69	99.36
18 October 2012	98.31	96.88	103.34	99.30
19 October 2012	98.71	97.72	103.36	99.35
22 October 2012	98.71	97.57	104.12	99.37
23 October 2012	99.00	98.15	104.06	99.26
24 October 2012	99.04	97.65	104.09	99.26
25 October 2012	98.93	97.02	104.38	99.17
26 October 2012	99.05	97.14	103.85	99.27
29 October 2012	99.22	97.59	104.08	99.12
30 October 2012	98.98	97.23	103.78	99.13
31 October 2012	99.05	97.06	104.25	99.10
1 November 2012	99.02	96.88	104.51	99.13
2 November 2012	99.18	97.52	105.02	99.16
5 November 2012	99.38	97.88	104.55	99.22
6 November 2012	99.19	97.83	104.69	99.23
7 November 2012	99.33	97.89	104.13	99.20
8 November 2012	99.42	97.87	103.99	99.18
9 November 2012	99.56	98.28	103.63	99.22
12 November 2012	ND	ND	ND	ND
13 November 2012	99.59	98.45	103.57	98.92
14 November 2012	99.65	98.67	104.59	98.90
15 November 2012	99.76	98.57	105.84	99.03
16 November 2012	99.89	98.56	106.00	99.07
19 November 2012	99.44	98.30	105.87	99.05
20 November 2012	99.43	98.19	106.57	99.02
21 November 2012	99.54	98.13	107.41	98.98
22 November 2012	ND	ND	ND	ND
23 November 2012	99.16	97.54	107.38	98.94
26 November 2012	99.16	97.65	107.08	98.91
27 November 2012	99.15	97.57	107.24	98.86
28 November 2012	99.22	97.76	106.73	98.94
29 November 2012	99.10	97.58	107.02	98.95
30 November 2012	98.99	97.57	107.64	98.93
3 December 2012	98.90	97.11	107.25	98.95
4 December 2012	98.86	97.15	106.76	98.91
5 December 2012	98.84	97.12	107.46	98.90
6 December 2012	98.96	97.34	107.32	98.95
7 December 2012	98.94	97.55	107.42	98.98
10 December 2012	98.86	97.32	107.42	98.98
11 December 2012	98.75	97.11	107.49	99.24
12 December 2012	98.70	96.94	108.37	99.30
13 December 2012	98.69	96.95	108.95	99.01
14 December 2012	98.64	96.90	108.92	99.16
17 December 2012	98.56	96.51	109.15	99.08
18 December 2012	98.45	96.20	109.55	99.02
19 December 2012	98.42	96.09	109.96	98.97
20 December 2012	98.53	96.13	109.98	98.98
21 December 2012	98.87	96.73	109.68	98.96
24 December 2012	98.96	97.05	110.60	99.04
25 December 2012	ND	ND	ND	ND
26 December 2012	98.99	97.02	111.66	99.06
27 December 2012	99.03	97.09	112.23	99.07
28 December 2012	98.96	96.79	112.31	99.01
31 December 2012	99.01	96.16	112.99	98.98
1 January 2013	ND	ND	ND	ND
2 January 2013	98.62	96.20	113.59	98.98
3 January 2013	98.72	96.82	113.35	98.98
4 January 2013	99.03	97.52	114.95	98.99
7 January 2013	98.91	97.25	114.35	98.97
8 January 2013	98.97	97.49	113.86	98.88
9 January 2013	98.92	97.59	114.63	98.92
10 January 2013	98.57	96.98	114.97	98.87
11 January 2013	98.47	96.96	116.35	98.75
14 January 2013	98.42	97.27	116.51	98.81
15 January 2013	98.43	97.20	115.61	98.72
16 January 2013	98.49	97.68	115.60	98.76
17 January 2013	98.44	97.79	116.60	98.76
18 January 2013	98.76	98.50	117.24	98.75
21 January 2013	ND	ND	ND	ND
22 January 2013	98.67	98.59	115.57	98.82
23 January 2013	98.71	98.67	115.34	98.79
24 January 2013	98.79	99.04	117.42	98.79
25 January 2013	98.99	98.98	118.73	98.83
28 January 2013	99.16	99.69	118.32	98.89
29 January 2013	98.86	99.28	118.22	98.92
30 January 2013	98.81	99.02	118.74	98.83
31 January 2013	98.75	98.63	119.04	98.80
1 February 2013	98.67	99.33	120.68	98.93
4 February 2013	98.95	99.37	120.72	99.02
5 February 2013	98.85	99.91	121.73	98.97
6 February 2013	99.00	99.89	122.01	99.01
7 February 2013	99.27	99.53	121.60	99.02
8 February 2013	99.28	98.89	120.92	99.02
11 February 2013	99.60	99.81	121.86	99.02
12 February 2013	99.43	99.90	121.47	99.02
13 February 2013	99.40	100.60	121.79	99.02
14 February 2013	99.49	100.88	121.41	99.02
15 February 2013	99.57	100.77	122.12	99.02
18 February 2013	ND	ND	ND	ND
19 February 2013	99.62	101.33	121.99	99.20
20 February 2013	99.76	102.20	121.97	99.09
21 February 2013	100.13	102.46	121.23	99.15
22 February 2013	100.20	102.50	121.74	99.05
25 February 2013	100.26	103.48	121.74	99.04
26 February 2013	100.47	103.39	119.17	98.97
27 February 2013	100.28	103.33	119.82	98.94
28 February 2013	100.33	102.94	120.45	98.84
1 March 2013	100.65	104.02	121.78	98.86
4 March 2013	100.68	103.67	121.70	98.90
5 March 2013	100.53	103.58	121.79	98.84
6 March 2013	100.63	104.00	122.12	98.78
7 March 2013	100.59	104.03	123.89	98.82
8 March 2013	100.67	104.77	125.20	98.74
11 March 2013	100.59	104.97	125.35	98.79
12 March 2013	100.43	105.12	125.14	98.76
13 March 2013	100.52	104.78	125.20	98.72
14 March 2013	100.54	103.98	125.40	98.74
15 March 2013	100.21	103.40	124.23	98.72
18 March 2013	100.42	103.47	123.79	98.75
19 March 2013	100.60	103.44	123.70	98.75
20 March 2013	100.49	103.34	124.56	98.69
21 March 2013	100.42	103.02	123.97	98.73
22 March 2013	100.30	102.62	123.21	98.70
25 March 2013	100.38	102.99	123.03	98.67
26 March 2013	100.31	103.18	122.87	98.68
27 March 2013	100.52	103.48	123.08	98.72
28 March 2013	100.34	102.99	122.61	98.73
29 March 2013	100.38	102.93	122.80	98.68
1 April 2013	100.24	102.67	121.67	98.63
2 April 2013	100.21	103.47	121.84	98.49
3 April 2013	100.17	103.29	121.23	98.44
4 April 2013	100.51	102.90	125.35	98.51
5 April 2013	100.24	101.97	126.32	98.51
8 April 2013	100.38	102.50	128.98	98.55
9 April 2013	100.12	102.10	129.13	98.54
10 April 2013	100.10	102.11	129.90	98.41
11 April 2013	99.85	101.53	129.66	98.44
12 April 2013	99.94	101.72	129.08	98.37
15 April 2013	100.06	102.08	127.80	98.29
16 April 2013	99.94	102.10	127.62	98.23
17 April 2013	100.23	102.51	127.46	98.06
18 April 2013	100.28	102.33	128.09	98.20
19 April 2013	100.32	102.52	129.47	98.14
22 April 2013	100.47	102.46	129.49	98.22
23 April 2013	100.49	102.43	129.67	98.17
24 April 2013	100.56	102.49	129.62	98.16
25 April 2013	100.15	101.32	129.66	98.04
26 April 2013	100.00	101.03	127.60	97.94
29 April 2013	99.75	100.91	127.92	97.94
30 April 2013	99.48	100.64	127.18	97.94
1 May 2013	99.55	100.39	126.86	97.94
2 May 2013	99.72	100.77	127.75	97.81
3 May 2013	99.62	100.48	129.24	97.80
6 May 2013	99.75	100.64	129.56	97.97
7 May 2013	99.61	101.10	129.11	97.77
8 May 2013	99.26	100.48	128.98	97.57
9 May 2013	99.37	100.88	129.49	97.40
10 May 2013	100.35	101.98	132.68	97.58
13 May 2013	100.38	102.27	132.81	97.65
14 May 2013	100.47	102.49	133.26	97.59
15 May 2013	100.88	102.90	133.59	97.64
16 May 2013	100.78	102.20	133.31	97.69
17 May 2013	101.26	103.06	134.30	97.57
20 May 2013	101.12	102.73	133.72	97.53
21 May 2013	101.04	103.09	133.49	97.48
22 May 2013	101.37	103.99	135.00	97.41
23 May 2013	101.29	103.43	132.58	97.45
24 May 2013	101.35	103.38	131.69	97.41
27 May 2013	ND	ND	ND	ND
28 May 2013	101.65	103.83	133.11	97.25
29 May 2013	101.61	103.42	131.60	97.34
30 May 2013	101.52	102.83	131.79	97.40
31 May 2013	101.72	102.98	131.49	97.46
3 June 2013	101.27	101.88	129.34	97.41
4 June 2013	101.41	102.18	130.61	97.37
5 June 2013	101.38	101.60	129.32	97.35
6 June 2013	100.95	100.24	127.49	97.49
7 June 2013	100.74	100.51	126.76	97.45
10 June 2013	101.15	100.53	128.95	97.45
11 June 2013	100.97	100.33	126.27	97.45
12 June 2013	100.63	99.62	124.36	97.45
13 June 2013	100.48	99.62	122.97	97.46
14 June 2013	100.31	99.69	123.03	97.40
17 June 2013	100.46	99.55	123.72	97.31
18 June 2013	100.69	100.08	124.15	97.37
19 June 2013	100.62	99.88	124.18	97.34
20 June 2013	102.30	101.09	128.04	97.36
21 June 2013	102.59	101.72	127.13	97.44
24 June 2013	102.75	101.52	127.41	97.62
25 June 2013	102.49	101.43	127.63	97.63
26 June 2013	102.54	102.00	127.06	97.66
27 June 2013	102.39	102.65	128.33	97.69
28 June 2013	102.43	102.81	129.38	97.51
1 July 2013	102.22	102.56	129.92	97.43
2 July 2013	102.52	103.08	130.97	97.44
3 July 2013	102.61	102.45	130.18	97.39
4 July 2013	ND	ND	ND	ND
5 July 2013	103.17	104.88	131.64	97.43
8 July 2013	103.11	104.73	131.81	97.45
9 July 2013	103.04	105.40	131.82	97.38
10 July 2013	102.85	104.71	130.54	97.45
11 July 2013	102.05	103.38	128.85	97.47
12 July 2013	102.12	103.51	129.62	97.51
15 July 2013	102.09	103.65	130.46	97.51
16 July 2013	101.63	103.41	129.59	97.46
17 July 2013	101.66	102.99	130.02	97.47
18 July 2013	101.82	102.93	131.19	97.56
19 July 2013	101.62	102.48	130.80	97.52
22 July 2013	101.37	101.77	129.89	97.56
23 July 2013	101.32	101.85	130.10	97.50
24 July 2013	101.48	101.76	130.69	97.48
25 July 2013	101.46	101.99	129.84	97.47
26 July 2013	101.33	101.76	128.12	97.42
29 July 2013	101.33	101.84	127.54	97.43
30 July 2013	101.56	102.58	127.83	97.42
31 July 2013	101.74	103.04	128.26	97.37
1 August 2013	101.97	103.26	129.50	97.40
2 August 2013	101.75	102.36	129.16	97.38
5 August 2013	101.66	101.90	128.51	97.31
6 August 2013	101.47	101.76	127.61	97.26
7 August 2013	101.42	100.80	126.13	97.22
8 August 2013	100.99	100.53	125.23	97.25
9 August 2013	100.99	100.84	125.51	97.26
12 August 2013	101.07	101.05	125.77	97.26
13 August 2013	101.64	101.21	127.88	97.26
14 August 2013	101.56	100.69	128.00	97.22
15 August 2013	101.68	100.42	127.56	97.11
16 August 2013	101.60	100.11	127.28	97.15
19 August 2013	101.87	99.83	127.73	97.28
20 August 2013	101.76	99.74	126.66	97.30
21 August 2013	102.25	99.74	127.36	97.28
22 August 2013	102.48	100.37	128.50	97.24
23 August 2013	102.15	100.39	128.55	97.23
26 August 2013	102.38	100.45	128.64	97.24
27 August 2013	102.60	100.71	126.89	97.25
28 August 2013	102.61	100.76	127.35	97.24
29 August 2013	102.82	100.97	128.40	97.24
30 August 2013	102.93	101.10	128.09	97.22
2 September 2013	ND	ND	ND	ND
3 September 2013	103.16	100.60	129.67	97.24
4 September 2013	102.78	99.97	129.90	97.23
5 September 2013	103.12	100.29	130.52	97.22
6 September 2013	102.47	100.03	129.16	97.24
9 September 2013	102.23	99.45	129.83	97.25
10 September 2013	102.17	99.41	130.70	97.23
11 September 2013	101.94	98.93	130.52	97.21
12 September 2013	101.81	98.86	129.42	97.20
13 September 2013	101.89	98.59	129.60	97.21
16 September 2013	101.51	98.19	129.08	97.23
17 September 2013	101.44	98.35	129.32	97.25
18 September 2013	101.47	97.95	129.16	97.25
19 September 2013	100.59	97.48	129.54	97.25
20 September 2013	100.80	97.61	129.60	97.25
23 September 2013	100.82	97.34	128.79	97.24
24 September 2013	100.98	97.70	128.79	97.25
25 September 2013	100.99	97.25	128.61	97.22
26 September 2013	101.22	97.66	129.04	97.22
27 September 2013	101.20	96.92	128.20	97.20
30 September 2013	101.16	96.66	128.18	97.23
1 October 2013	101.17	96.48	127.87	97.23
2 October 2013	100.99	96.39	126.97	97.23
3 October 2013	100.96	96.72	126.60	97.23
4 October 2013	100.84	97.32	126.76	97.23
7 October 2013	100.87	97.24	126.53	97.23
8 October 2013	100.95	97.20	126.42	97.24
9 October 2013	101.26	98.09	126.80	97.25
10 October 2013	101.03	97.89	127.92	97.16
11 October 2013	101.04	98.07	128.35	97.24
14 October 2013	ND	ND	ND	ND
15 October 2013	100.91	97.90	128.56	96.96
16 October 2013	100.84	98.33	128.98	96.91
17 October 2013	100.18	96.73	127.61	96.88
18 October 2013	100.15	96.63	127.50	96.86
21 October 2013	100.41	96.84	127.99	96.80
22 October 2013	100.13	96.41	128.04	96.80
23 October 2013	100.22	96.70	126.86	96.65
24 October 2013	100.32	96.61	126.97	96.62
25 October 2013	100.28	96.78	127.10	96.66
28 October 2013	100.31	96.94	127.41	96.68
29 October 2013	100.43	97.38	127.92	96.75
30 October 2013	100.44	97.26	127.99	96.81
31 October 2013	100.88	97.32	127.93	96.83
1 November 2013	101.31	98.22	128.82	96.91
4 November 2013	101.10	98.04	128.61	96.88
5 November 2013	101.38	97.47	128.59	96.86
6 November 2013	101.26	97.25	128.59	96.80
7 November 2013	101.56	97.32	128.53	96.77
8 November 2013	101.82	97.77	129.15	96.76
11 November 2013	ND	ND	ND	ND
12 November 2013	101.96	98.25	129.96	96.78
13 November 2013	101.68	97.54	129.51	96.80
14 November 2013	101.63	97.27	130.32	96.79
15 November 2013	101.49	97.09	130.63	96.79
18 November 2013	101.18	97.07	130.46	96.79
19 November 2013	101.27	97.07	130.59	96.80
20 November 2013	101.46	96.83	130.44	96.80
21 November 2013	101.79	96.80	131.65	96.78
22 November 2013	101.65	96.47	132.09	96.81
25 November 2013	101.78	96.85	132.63	96.78
26 November 2013	101.76	96.61	132.21	96.80
27 November 2013	101.95	96.13	133.26	96.79
28 November 2013	ND	ND	ND	ND
29 November 2013	101.90	95.51	133.61	96.79
2 December 2013	102.16	95.56	134.38	96.80
3 December 2013	102.09	95.26	133.49	96.78
4 December 2013	102.16	95.63	133.65	96.78
5 December 2013	101.76	95.77	132.79	96.76
6 December 2013	101.66	95.78	134.17	96.62
9 December 2013	101.39	95.34	134.61	96.35
10 December 2013	101.32	95.21	134.06	96.45
11 December 2013	101.34	95.42	133.52	96.46
12 December 2013	101.69	95.79	134.47	96.46
13 December 2013	101.62	95.97	134.69	96.46
16 December 2013	101.49	95.87	134.21	96.46
17 December 2013	101.56	96.21	133.84	96.45
18 December 2013	101.70	95.42	134.56	96.46
19 December 2013	102.04	95.46	135.84	96.46
20 December 2013	102.02	95.62	135.72	96.46
23 December 2013	101.88	95.61	135.71	96.43
24 December 2013	101.98	95.52	135.97	96.46
25 December 2013	ND	ND	ND	ND
26 December 2013	102.08	95.21	136.57	96.51
27 December 2013	102.02	94.83	137.00	96.41
30 December 2013	101.81	94.65	136.93	96.31
31 December 2013	101.87	94.35	137.26	96.18
1 January 2014	ND	ND	ND	ND
2 January 2014	102.11	95.12	136.72	96.13
3 January 2014	102.14	95.21	136.23	96.13
6 January 2014	102.21	95.28	136.12	96.16
7 January 2014	102.33	95.23	136.33	96.13
8 January 2014	102.51	95.00	136.76	96.14
9 January 2014	102.61	95.01	136.59	96.19
10 January 2014	102.27	94.95	135.71	96.15
13 January 2014	102.13	95.48	134.73	96.01
14 January 2014	102.27	95.06	135.37	95.97
15 January 2014	102.59	95.50	136.18	96.06
16 January 2014	102.81	95.73	136.05	96.21
17 January 2014	102.85	95.19	136.05	96.12
20 January 2014	ND	ND	ND	ND
21 January 2014	102.97	94.95	135.81	96.13
22 January 2014	103.14	94.37	136.10	96.13
23 January 2014	103.16	94.14	135.17	96.15
24 January 2014	103.17	94.83	133.56	96.10
27 January 2014	103.23	94.27	133.36	96.09
28 January 2014	103.21	94.31	134.06	96.13
29 January 2014	103.19	94.43	133.28	96.21
30 January 2014	103.45	94.85	134.10	96.28
31 January 2014	103.51	95.06	133.39	96.26
3 February 2014	103.56	95.90	131.86	96.28
4 February 2014	103.35	95.94	132.52	96.28
5 February 2014	103.32	95.89	132.21	96.28
6 February 2014	103.02	95.67	132.81	96.28
7 February 2014	103.06	95.38	133.44	96.33
10 February 2014	103.03	95.24	133.20	96.27
11 February 2014	102.96	94.96	133.84	96.28
12 February 2014	102.94	94.33	133.65	96.30
13 February 2014	102.85	93.96	133.28	96.33
14 February 2014	102.60	93.44	132.79	96.39
17 February 2014	ND	ND	ND	ND
18 February 2014	102.54	93.66	133.42	96.39
19 February 2014	102.74	93.54	133.41	96.54
20 February 2014	103.02	93.98	133.44	96.65
21 February 2014	103.00	94.03	133.95	96.78
24 February 2014	102.78	93.97	133.59	96.89
25 February 2014	102.88	93.66	133.28	97.30
26 February 2014	103.17	93.93	133.49	97.30
27 February 2014	103.08	93.68	133.18	97.36
28 February 2014	102.82	93.36	133.12	97.63
3 March 2014	103.03	93.57	132.19	97.65
4 March 2014	103.08	93.84	133.26	97.60
5 March 2014	102.89	93.48	133.44	97.36
6 March 2014	102.41	93.40	134.36	97.21
7 March 2014	102.69	93.50	134.82	97.33
10 March 2014	102.81	94.02	134.62	97.52
11 March 2014	102.83	94.05	134.56	97.55
12 March 2014	102.91	94.18	133.99	97.63
13 March 2014	102.63	93.77	133.18	97.49
14 March 2014	102.68	94.03	132.32	97.71
17 March 2014	102.66	93.95	132.52	98.15
18 March 2014	102.73	94.35	132.20	98.37
19 March 2014	102.84	94.04	132.42	98.40
20 March 2014	103.50	94.71	133.53	98.94
21 March 2014	103.37	94.79	133.52	98.90
24 March 2014	103.23	94.83	133.29	98.44
25 March 2014	103.11	94.74	133.44	98.52
26 March 2014	103.01	94.40	133.41	98.64
27 March 2014	102.83	94.05	133.15	98.70
28 March 2014	102.87	94.00	134.22	98.69
31 March 2014	102.74	93.78	134.30	98.77
1 April 2014	102.61	93.98	135.00	98.61
2 April 2014	102.80	94.01	135.39	98.59
3 April 2014	103.01	94.30	135.55	98.67
4 April 2014	102.71	94.24	134.83	98.69
7 April 2014	102.58	94.11	134.38	98.69
8 April 2014	102.12	93.40	133.18	98.45
9 April 2014	102.13	93.36	132.82	98.51
10 April 2014	101.98	93.19	132.28	98.70
11 April 2014	102.11	93.44	132.45	98.68
14 April 2014	102.29	93.41	132.77	98.80
15 April 2014	102.44	93.50	132.50	98.85
16 April 2014	102.44	93.12	133.41	98.83
17 April 2014	102.38	93.03	133.31	98.80
18 April 2014	102.46	93.13	133.58	98.89
21 April 2014	102.54	93.13	133.75	98.93
22 April 2014	102.61	92.90	133.80	99.10
23 April 2014	102.67	93.26	133.36	99.10
24 April 2014	102.67	93.10	133.46	99.27
25 April 2014	102.71	93.03	133.18	99.35
28 April 2014	102.68	93.02	133.62	99.33
29 April 2014	102.57	92.92	133.76	99.42
30 April 2014	102.45	92.63	133.20	99.44
1 May 2014	102.43	92.53	133.41	99.44
2 May 2014	102.37	92.72	133.46	99.44
5 May 2014	102.27	92.70	133.10	99.22
6 May 2014	101.95	92.12	132.46	98.91
7 May 2014	101.95	92.18	132.66	99.06
8 May 2014	101.87	92.29	132.58	98.94
9 May 2014	102.15	92.81	132.68	98.93
12 May 2014	102.16	92.69	133.15	99.08
13 May 2014	102.17	92.87	133.28	98.95
14 May 2014	102.07	93.17	132.69	98.95
15 May 2014	102.18	93.13	132.29	98.97
16 May 2014	102.08	92.93	132.37	99.02
19 May 2014	101.98	92.96	132.06	99.09
20 May 2014	102.15	92.82	132.06	99.10
21 May 2014	102.23	92.70	132.29	99.04
22 May 2014	102.18	92.76	132.71	99.06
23 May 2014	102.19	92.96	132.86	99.08
26 May 2014	ND	ND	ND	ND
27 May 2014	102.34	93.08	133.20	99.25
28 May 2014	102.38	93.59	132.73	99.35
29 May 2014	102.18	93.53	132.47	99.10
30 May 2014	102.26	93.28	132.72	99.25
2 June 2014	102.52	93.33	133.41	99.25
3 June 2014	102.57	93.34	133.57	99.36
4 June 2014	102.65	93.38	133.92	99.29
5 June 2014	102.49	93.11	133.59	99.38
6 June 2014	102.41	93.12	133.67	99.30
9 June 2014	102.44	93.09	133.70	99.14
10 June 2014	102.52	93.34	133.50	98.89
11 June 2014	102.44	93.11	132.94	98.95
12 June 2014	102.27	92.79	132.80	98.78
13 June 2014	102.38	92.24	133.10	98.65
16 June 2014	102.35	92.05	132.79	98.90
17 June 2014	102.58	92.18	133.26	98.92
18 June 2014	102.56	92.25	133.23	99.00
19 June 2014	102.25	91.74	132.81	98.96
20 June 2014	102.27	91.91	133.20	98.89
23 June 2014	102.13	91.93	132.89	98.90
24 June 2014	102.20	92.15	133.19	98.99
25 June 2014	102.09	92.06	132.69	99.05
26 June 2014	102.04	91.89	132.58	98.88
27 June 2014	101.88	91.90	132.22	98.79
30 June 2014	101.68	91.42	132.08	98.56
1 July 2014	101.62	91.20	132.38	98.50
2 July 2014	101.75	91.10	132.71	98.67
3 July 2014	101.82	91.17	133.27	98.69
4 July 2014	ND	ND	ND	ND
7 July 2014	101.86	91.30	132.81	98.56
8 July 2014	101.79	91.31	132.41	98.52
9 July 2014	101.69	91.29	132.63	98.50
10 July 2014	101.77	91.33	132.06	98.54

Note: The data are in foreign currency units per dollar.

Source: Federal Reserve Board, Statistical Release H.10, "Foreign Exchange Rates."

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Figure 39. Real Gross Domestic Product Growth in Selected Emerging Market Economies

Series: China, Korea, Brazil, and Mexico

Horizon: 2010 to 2014

Description: Quarterly data are plotted as four curves. Units are percent, annual rate.

The China series begins in 2010:Q1 near 9 and remains nearly unchanged until 2011:Q1, when it begins a decline through 2012:Q1 to around 6. The China series then increases from 2012:Q2 through 2012:Q4, peaking at about 8. In 2013:Q1, the series declines to around 6; it then increases slightly in 2013:Q2 and increases again in 2013:Q3, climbing back to nearly 9. In 2013:Q4 the series declines slightly to about 8, and then in 2014:Q1 it declines to about 5.5, where it ends.

The Korea series begins in 2010:Q1 near 9, then declines rapidly until 2010:Q3 to about 4. From 2010:Q3 to 2012:Q3, the series declines slowly, reaching a low of about 1.5 in 2012:Q3. From 2012:Q4 to 2013:Q3, the series generally increases to almost 4.5. In 2013:Q4, the series decreases slightly to about 3.5, and then it increases to end slightly below 4 in 2014:Q1.

The Brazil series begins in 2010:Q1 near 8, then declines rapidly until 2010:Q3 to about 4. From 2010:Q3 to 2011:Q4, the series declines to around 0, with almost the entire decline occurring between 2011:Q1 and 2011:Q3. The series then increases in 2012:Q1 to about 1, dips slightly in 2012:Q2, rises in 2012:Q4 to roughly 3, and dips again in 2013:Q1 to about 2. The Brazil series sharply increases to about 6 in 2013:Q2. In 2013:Q3, the series drops to about negative 1, then rebounds to about 2 in 2013:Q4 and declines slightly to end near 1 in 2014:Q1.

The Mexico series begins 2010:Q1 near 5.5, then decreases to about 3 through 2010:Q4. Between 2011:Q1 and 2013:Q3, the series is volatile. The series peaks in 2011:Q3 near 5 and in 2012:Q2 near 6. The series has troughs at 2012:Q3 near 0 and 2013:Q2 near negative 3. After climbing to around 4 in 2013:Q3, the series declines below 1, then reaches just above 1 at its end in 2014:Q1.

Source: For China, CEIC Data; for Korea, Bank of Korea via ECOS Economic Statistics System; for Brazil, Brazilian Institute of Geography and Statistics; for Mexico, Haver Analytics.

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Figure 40. Real Gross Domestic Product Growth in Selected Advanced Foreign Economies

Quarterly
Percent, annual rate

Period	Euro area	Canada	United Kingdom	Japan
2010:Q1	1.68	5.44	2.10	5.95
2010:Q2	3.66	2.62	4.07	4.12
2010:Q3	1.41	1.89	1.61	5.82
2010:Q4	2.19	4.28	-0.80	-2.11
2011:Q1	3.69	2.18	1.86	-7.04
2011:Q2	0.25	-0.61	0.39	-3.00
2011:Q3	0.15	6.07	2.39	10.42
2011:Q4	-0.91	1.85	-0.42	0.88
2012:Q1	-0.26	0.75	-0.03	4.08
2012:Q2	-1.09	1.57	-1.55	-2.54
2012:Q3	-0.62	0.76	3.10	-3.01
2012:Q4	-2.12	0.93	-0.85	0.18
2013:Q1	-0.80	2.95	2.09	5.23
2013:Q2	1.25	1.90	2.68	2.85
2013:Q3	0.43	2.99	3.33	1.32
2013:Q4	1.15	2.72	2.61	0.30
2014:Q1	0.82	1.19	3.23	6.57

Source: For Canada, Statistics Canada; for the euro area, Eurostat; for Japan, Cabinet Office of Japan; for the United Kingdom, Office for National Statistics.

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Prospects for Monetary Policy Normalization in the Advanced Economies: Figure A. Central Bank Assets in Selected Advanced Economies

Quarterly
Percent of nominal GDP

Period	FRB	ECB	BOE	BOJ
2007:Q2	6.00	13.42	5.62	19.43
2007:Q3	6.11	13.73	6.79	21.75
2007:Q4	6.06	16.40	7.03	21.73
2008:Q1	6.09	14.98	6.67	22.09
2008:Q2	6.02	15.71	6.25	20.03
2008:Q3	8.16	16.36	9.47	22.65
2008:Q4	15.39	22.65	16.52	25.17
2009:Q1	14.40	20.24	12.92	26.46
2009:Q2	14.12	22.45	15.71	23.23
2009:Q3	14.88	20.02	15.90	24.78
2009:Q4	15.34	21.14	16.52	25.86
2010:Q1	15.72	20.93	17.20	25.39
2010:Q2	15.67	23.52	16.98	23.47
2010:Q3	15.27	21.38	16.35	24.74
2010:Q4	15.89	21.60	16.45	26.74
2011:Q1	17.21	20.53	15.94	30.19
2011:Q2	18.53	20.91	15.48	27.89
2011:Q3	18.26	24.19	15.66	29.01
2011:Q4	18.50	28.86	18.74	30.09
2012:Q1	17.94	31.21	21.47	29.05
2012:Q2	17.72	32.64	23.37	30.25
2012:Q3	17.15	32.39	25.72	31.89
2012:Q4	17.71	31.17	25.95	33.64
2013:Q1	19.37	27.75	25.38	34.69
2013:Q2	20.88	25.31	25.28	39.13
2013:Q3	22.08	24.30	24.94	43.59
2013:Q4	23.60	23.53	24.42	46.70
2014:Q1	24.84	22.14	24.23	49.62
2014:Q2	25.67	21.49	24.29	52.94

Note: The data extend through 2014:Q2. The 2014:Q2 central bank assets are divided by 2014:Q1 gross domestic product (GDP).

Source: For the euro area, European Central Bank (ECB) and Eurostat; for Japan, Bank of Japan (BOJ) and Cabinet Office of Japan; for the United Kingdom, Bank of England (BOE) and Office for National Statistics; for the United States, Federal Reserve Board (FRB) and Bureau of Economic Analysis.

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Prospects for Monetary Policy Normalization in the Advanced Economies: Figure B. December 2015 Expected Policy Rates

Series: United Kingdom, United States, euro area, and Japan

Horizon: 2013 to 2014

Description: Daily data are plotted as four curves. Units are percent.

The Japan series begins in January 2013 near 0.07. In April and May 2013, the series increases to near 0.2. From June to September 2013, the series remains fairly steady at a bit below 0.2. In October 2013, the series declines to near 0.1, and it remains near 0.1 until December 2013. The series declines slightly to about 0.07 in January 2014 and remains roughly flat through July 10, 2014.

The euro area series begins in January 2013 near 0.4 and increases through February 2013 to about 0.8. The United Kingdom series starts in January 2013 near 0.6 and increases quickly to about 0.7. The United States series begins in January 2013 near 0.4 and increases to about 0.6. From March through August 2013, these three series follow similar trends. From March to April 2013 all three series decline, with the euro area series declining slightly more in March. In April, the United Kingdom and United States series begin to increase, and the euro area series begins to increase in May. All three series reach a peak in late June, near 1.15 for the United Kingdom, near 1.0 for the United States, and near 0.8 for the euro area. All three series then decline in July, with the United Kingdom and United States dipping to near 0.7 and near 0.8, respectively, and the euro area declining to near 0.4. All three series then increase to a new peak in September 2013 at about 1.3 for the United Kingdom, about 1.2 for the United States, and slightly more than 0.8 for the euro area. After this the trends for the three series are more divergent.

The United Kingdom series dips to about 0.8 in October 2013 before increasing sharply to about 1.4 in December 2013. It then declines to about 1.2 in January and fluctuates around this level through June 2014 before increasing back to about 1.4, where it ends on July 10, 2014.

The United States series decreases quickly to about 0.8 in September 2013 and continues to decrease through November 2013 to about 0.6. In December 2013, the series increases to roughly 0.8; it declines to 0.5 in February 2014, briefly increases to almost 0.8 again in March, and then fluctuates around 0.6 for the next few months, ending at that level on July 10, 2014.

The euro area series decreases steadily through November 2013 to about 0.4. In December 2013 and January 2014, the series increases briefly to about 0.5, but then it quickly declines through February 2014 to about 0.2, where it remains through April. In May 2014, the series declines to near 0.07, close to the same level as the Japan series. It trends slightly downward to end around 0.04 on July 10, 2014.

Note: The data are three-day moving averages of one-month forward rates from overnight index swap quotes.

Source: Overnight index swap quotes are from Bloomberg.

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Last update: August 20, 2014

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