"c VAR 0112 13019A YIELDS 3R 857-934 MD= 1E-37 " "c REF 0112 LOC 969 WIDTH 9 DK 16 COL 26-34 " "c EXP DEC= 2 " "c " "c RAILROAD BOND YIELDS INDEX " "c -------------------------- " "c " "c NBER SERIES: 13019A " "c AREA COVERED: U.S. " "c UNITS: PERCENT " "c ANNUAL COVERAGE: NONE " "c QUARTERLY COVERAGE: NONE " "c MONTHLY COVERAGE: 01/1857-12/1934 " "c SEASONAL ADJUSTMENT: NONE " "c SOURCE: F.R. MACAULAY, THE MOVEMENT OF INTEREST RATES, BOND " "c YIELDS, AND STOCK PRICES IN THE UNITED STATES SINCE 1856 " "c (NBER, 1938), APPENDIX TABLE 10, COL. 4, P. A142 AND " "c FOLLOWING PAGES. " "c " "c NOTES: DATA ARE FOR ALL BONDS HAVING AT LEAST TEN YEARS " "c MATURITY, BASED ON ARITHEMETIC AVERAGE YIELDS. " "c DATA FOR DECEMBER 1914 WERE OBTAINED BY A LINEAR " "c INTERPOLATION BETWEEN JULY AND DECEMBER. " "c " "c CHECKED MANUALLY; NO CORRECTIONS NECESSARY. " "c " -12 1857.01 1934.12 9.64000 9.58000 9.59000 9.63000 9.73000 9.95000 9.99000 10.0900 11.1300 11.9300 11.1000 10.6600 10.3800 9.86000 9.52000 9.48000 9.38000 9.32000 9.26000 9.26000 9.15000 8.91000 8.80000 8.77000 8.78000 8.76000 8.76000 8.73000 8.89000 9.12000 9.11000 9.05000 8.87000 8.92000 8.97000 8.94000 8.92000 8.86000 8.78000 8.67000 8.51000 8.36000 8.29000 8.26000 8.27000 8.33000 8.73000 9.12000 8.78000 8.69000 8.60000 8.68000 9.13000 9.06000 8.81000 8.83000 8.96000 9.04000 8.97000 8.95000 8.51000 8.17000 8.24000 8.16000 7.73000 7.52000 7.57000 7.40000 7.15000 6.86000 6.70000 6.74000 6.19000 5.98000 6.06000 6.32000 6.32000 6.38000 6.43000 6.46000 6.44000 6.38000 6.51000 6.62000 6.70000 6.64000 6.42000 6.17000 6.14000 6.02000 5.65000 5.66000 6.07000 6.55000 6.48000 6.66000 6.91000 7.10000 7.47000 7.58000 7.54000 7.85000 7.70000 7.73000 7.78000 7.87000 7.99000 8.05000 8.14000 8.19000 8.27000 8.20000 8.04000 7.99000 7.87000 7.80000 7.75000 7.72000 7.67000 7.79000 7.82000 7.84000 7.86000 7.91000 7.93000 7.93000 7.78000 7.77000 7.78000 7.88000 7.95000 7.98000 7.86000 7.77000 7.74000 7.78000 7.72000 7.70000 7.69000 7.71000 7.79000 7.87000 7.96000 8.03000 8.04000 8.05000 8.10000 8.13000 8.02000 8.00000 8.08000 8.06000 8.15000 8.26000 8.30000 8.35000 8.26000 8.01000 7.90000 7.93000 7.86000 7.80000 7.78000 7.86000 7.89000 7.90000 7.92000 7.96000 7.89000 7.84000 7.82000 7.80000 7.74000 7.73000 7.72000 7.68000 7.65000 7.80000 7.85000 7.79000 7.56000 7.52000 7.61000 7.60000 7.60000 7.56000 7.46000 7.54000 7.62000 7.67000 7.73000 7.74000 7.66000 7.64000 7.66000 7.69000 7.67000 7.63000 7.58000 7.59000 7.73000 8.15000 8.18000 7.95000 7.68000 7.57000 7.57000 7.55000 7.62000 7.56000 7.56000 7.56000 7.52000 7.46000 7.35000 7.34000 7.26000 7.21000 7.20000 7.10000 7.06000 7.09000 7.02000 7.01000 6.96000 7.00000 6.95000 6.87000 6.80000 6.72000 6.67000 6.70000 6.74000 6.70000 6.62000 6.58000 6.67000 6.68000 6.66000 6.65000 6.61000 6.65000 6.74000 6.75000 6.69000 6.60000 6.54000 6.57000 6.59000 6.62000 6.60000 6.55000 6.54000 6.53000 6.53000 6.53000 6.49000 6.40000 6.40000 6.44000 6.43000 6.40000 6.35000 6.32000 6.19000 6.02000 6.12000 6.12000 5.97000 5.92000 5.86000 5.86000 5.96000 5.94000 5.92000 5.88000 5.82000 5.75000 5.73000 5.75000 5.74000 5.69000 5.60000 5.54000 5.50000 5.45000 5.33000 5.24000 5.19000 5.25000 5.30000 5.28000 5.14000 5.06000 5.07000 5.11000 5.20000 5.25000 5.22000 5.25000 5.24000 5.27000 5.30000 5.24000 5.21000 5.21000 5.19000 5.23000 5.25000 5.23000 5.26000 5.25000 5.20000 5.24000 5.26000 5.23000 5.23000 5.22000 5.22000 5.26000 5.26000 5.25000 5.21000 5.18000 5.15000 5.10000 5.05000 5.02000 5.12000 5.24000 5.25000 5.17000 5.18000 5.17000 5.18000 5.13000 5.08000 5.03000 4.99000 4.97000 4.95000 4.89000 4.86000 4.85000 4.83000 4.78000 4.75000 4.72000 4.64000 4.56000 4.55000 4.56000 4.55000 4.52000 4.48000 4.50000 4.56000 4.56000 4.56000 4.59000 4.56000 4.58000 4.60000 4.60000 4.59000 4.59000 4.62000 4.66000 4.74000 4.78000 4.73000 4.72000 4.64000 4.61000 4.64000 4.64000 4.62000 4.60000 4.54000 4.54000 4.57000 4.58000 4.56000 4.55000 4.50000 4.44000 4.46000 4.45000 4.40000 4.35000 4.37000 4.38000 4.39000 4.44000 4.48000 4.49000 4.47000 4.47000 4.49000 4.50000 4.49000 4.51000 4.52000 4.56000 4.59000 4.62000 4.68000 4.73000 4.62000 4.62000 4.68000 4.69000 4.73000 4.79000 4.78000 4.78000 4.76000 4.71000 4.68000 4.63000 4.58000 4.55000 4.55000 4.53000 4.51000 4.49000 4.48000 4.49000 4.53000 4.53000 4.54000 4.56000 4.53000 4.50000 4.53000 4.54000 4.59000 4.67000 4.82000 4.94000 4.79000 4.73000 4.62000 4.55000 4.55000 4.49000 4.45000 4.40000 4.41000 4.41000 4.43000 4.40000 4.37000 4.33000 4.30000 4.30000 4.31000 4.35000 4.37000 4.37000 4.32000 4.25000 4.22000 4.17000 4.18000 4.19000 4.21000 4.27000 4.33000 4.28000 4.29000 4.29000 4.27000 4.25000 4.35000 4.56000 4.48000 4.43000 4.33000 4.28000 4.22000 4.19000 4.14000 4.15000 4.13000 4.10000 4.06000 4.08000 4.09000 4.09000 4.07000 4.02000 4.00000 4.00000 4.09000 4.19000 4.14000 4.08000 4.03000 4.00000 4.02000 3.99000 3.95000 3.91000 3.86000 3.86000 3.86000 3.83000 3.79000 3.78000 3.80000 3.82000 3.86000 3.90000 3.92000 3.96000 3.92000 3.89000 3.88000 3.86000 3.89000 3.90000 3.90000 3.90000 3.90000 3.90000 3.87000 3.84000 3.82000 3.80000 3.80000 3.81000 3.84000 3.82000 3.84000 3.85000 3.86000 3.85000 3.82000 3.82000 3.81000 3.80000 3.80000 3.79000 3.80000 3.82000 3.83000 3.85000 3.86000 3.90000 3.91000 3.93000 3.92000 3.93000 3.98000 4.01000 3.99000 4.02000 4.07000 4.12000 4.12000 4.07000 4.04000 4.05000 4.04000 4.04000 4.06000 4.03000 4.02000 3.99000 3.95000 3.94000 3.94000 3.94000 3.93000 3.92000 3.88000 3.87000 3.89000 3.89000 3.90000 3.89000 3.88000 3.88000 3.89000 3.89000 3.91000 3.92000 3.91000 3.93000 3.97000 3.99000 4.00000 3.99000 4.00000 4.03000 4.06000 4.04000 4.04000 4.05000 4.06000 4.09000 4.16000 4.16000 4.18000 4.23000 4.23000 4.29000 4.34000 4.42000 4.59000 4.47000 4.32000 4.30000 4.34000 4.30000 4.26000 4.26000 4.23000 4.18000 4.15000 4.14000 4.10000 4.08000 4.06000 4.03000 4.04000 4.05000 4.04000 4.06000 4.05000 4.06000 4.08000 4.10000 4.11000 4.12000 4.12000 4.12000 4.14000 4.18000 4.20000 4.22000 4.24000 4.23000 4.18000 4.16000 4.19000 4.18000 4.17000 4.18000 4.19000 4.19000 4.17000 4.18000 4.19000 4.20000 4.22000 4.21000 4.19000 4.20000 4.19000 4.18000 4.20000 4.20000 4.21000 4.22000 4.23000 4.26000 4.28000 4.28000 4.28000 4.29000 4.28000 4.29000 4.36000 4.41000 4.46000 4.51000 4.51000 4.47000 4.43000 4.46000 4.52000 4.53000 4.45000 4.38000 4.40000 4.40000 4.41000 4.39000 4.44000 4.48000 4.53000 4.57000 4.61000 4.66000 4.60000 4.59000 4.62000 4.58000 4.59000 4.63000 4.70000 4.73000 4.75000 4.65000 4.51000 4.49000 4.48000 4.46000 4.48000 4.50000 4.51000 4.52000 4.53000 4.55000 4.54000 4.48000 4.44000 4.44000 4.38000 4.45000 4.50000 4.60000 4.73000 4.78000 4.83000 4.87000 4.96000 5.02000 5.16000 5.25000 5.22000 5.16000 5.23000 5.30000 5.22000 5.28000 5.34000 5.35000 5.40000 5.27000 4.96000 4.98000 5.08000 5.13000 5.19000 5.24000 5.19000 5.18000 5.25000 5.44000 5.48000 5.33000 5.47000 5.54000 5.52000 5.71000 5.70000 5.92000 6.17000 6.12000 6.08000 5.90000 5.69000 5.51000 5.60000 5.78000 5.58000 5.61000 5.67000 5.71000 5.72000 5.86000 5.71000 5.61000 5.52000 5.50000 5.27000 5.11000 5.01000 5.01000 4.97000 4.87000 4.84000 4.83000 4.74000 4.69000 4.67000 4.79000 4.88000 4.86000 4.86000 4.89000 5.02000 5.05000 4.97000 4.98000 4.99000 4.96000 5.00000 5.02000 4.98000 4.99000 4.95000 4.96000 4.97000 4.93000 4.88000 4.80000 4.74000 4.78000 4.78000 4.75000 4.75000 4.79000 4.78000 4.76000 4.74000 4.72000 4.67000 4.67000 4.72000 4.77000 4.73000 4.74000 4.72000 4.69000 4.64000 4.61000 4.61000 4.55000 4.52000 4.52000 4.54000 4.56000 4.55000 4.54000 4.50000 4.48000 4.45000 4.45000 4.41000 4.36000 4.35000 4.38000 4.38000 4.34000 4.30000 4.26000 4.21000 4.18000 4.19000 4.21000 4.21000 4.23000 4.28000 4.37000 4.44000 4.50000 4.44000 4.43000 4.40000 4.47000 4.50000 4.55000 4.60000 4.58000 4.60000 4.65000 4.67000 4.66000 4.69000 4.64000 4.58000 4.50000 4.50000 4.52000 4.44000 4.45000 4.44000 4.42000 4.38000 4.32000 4.26000 4.29000 4.37000 4.49000 4.32000 4.32000 4.32000 4.36000 4.33000 4.36000 4.36000 4.49000 4.73000 5.15000 5.25000 5.89000 5.64000 5.64000 5.52000 5.91000 6.36000 6.51000 6.08000 5.46000 5.29000 5.32000 5.44000 5.56000 5.29000 5.39000 5.68000 5.91000 5.48000 5.16000 4.96000 4.92000 5.16000 5.18000 5.58000 5.42000 5.00000 4.70000 4.60000 4.52000 4.47000 4.40000 4.38000 4.49000 4.59000 4.49000 4.40000 4.31000