Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Question
Chapter 4, Problem 5WWMD
To determine
The graphical representation of interest rates since 1975 and to analyze the tendency of interest rates to move together.
Expert Solution & Answer
Explanation of Solution
The monthly data of interest rate on three-month Treasury bills since 1975 is as follows:
| Date | 3-month Treasury Bill: monthly rate |
| 1975-01-01 | 6.26 |
| 1975-02-01 | 5.50 |
| 1975-03-01 | 5.49 |
| 1975-04-01 | 5.61 |
| 1975-05-01 | 5.23 |
| 1975-06-01 | 5.34 |
| 1975-07-01 | 6.13 |
| 1975-08-01 | 6.44 |
| 1975-09-01 | 6.42 |
| 1975-10-01 | 5.96 |
| 1975-11-01 | 5.48 |
| 1975-12-01 | 5.44 |
| 1976-01-01 | 4.87 |
| 1976-02-01 | 4.88 |
| 1976-03-01 | 5.00 |
| 1976-04-01 | 4.86 |
| 1976-05-01 | 5.20 |
| 1976-06-01 | 5.41 |
| 1976-07-01 | 5.23 |
| 1976-08-01 | 5.14 |
| 1976-09-01 | 5.08 |
| 1976-10-01 | 4.92 |
| 1976-11-01 | 4.75 |
| 1976-12-01 | 4.35 |
| 1977-01-01 | 4.62 |
| 1977-02-01 | 4.67 |
| 1977-03-01 | 4.60 |
| 1977-04-01 | 4.54 |
| 1977-05-01 | 4.96 |
| 1977-06-01 | 5.02 |
| 1977-07-01 | 5.19 |
| 1977-08-01 | 5.49 |
| 1977-09-01 | 5.81 |
| 1977-10-01 | 6.16 |
| 1977-11-01 | 6.10 |
| 1977-12-01 | 6.07 |
| 1978-01-01 | 6.44 |
| 1978-02-01 | 6.45 |
| 1978-03-01 | 6.29 |
| 1978-04-01 | 6.29 |
| 1978-05-01 | 6.41 |
| 1978-06-01 | 6.73 |
| 1978-07-01 | 7.01 |
| 1978-08-01 | 7.08 |
| 1978-09-01 | 7.85 |
| 1978-10-01 | 7.99 |
| 1978-11-01 | 8.64 |
| 1978-12-01 | 9.08 |
| 1979-01-01 | 9.35 |
| 1979-02-01 | 9.32 |
| 1979-03-01 | 9.48 |
| 1979-04-01 | 9.46 |
| 1979-05-01 | 9.61 |
| 1979-06-01 | 9.06 |
| 1979-07-01 | 9.24 |
| 1979-08-01 | 9.52 |
| 1979-09-01 | 10.26 |
| 1979-10-01 | 11.70 |
| 1979-11-01 | 11.79 |
| 1979-12-01 | 12.04 |
| 1980-01-01 | 12.00 |
| 1980-02-01 | 12.86 |
| 1980-03-01 | 15.20 |
| 1980-04-01 | 13.20 |
| 1980-05-01 | 8.58 |
| 1980-06-01 | 7.07 |
| 1980-07-01 | 8.06 |
| 1980-08-01 | 9.13 |
| 1980-09-01 | 10.27 |
| 1980-10-01 | 11.62 |
| 1980-11-01 | 13.73 |
| 1980-12-01 | 15.49 |
| 1981-01-01 | 15.02 |
| 1981-02-01 | 14.79 |
| 1981-03-01 | 13.36 |
| 1981-04-01 | 13.69 |
| 1981-05-01 | 16.30 |
| 1981-06-01 | 14.73 |
| 1981-07-01 | 14.95 |
| 1981-08-01 | 15.51 |
| 1981-09-01 | 14.70 |
| 1981-10-01 | 13.54 |
| 1981-11-01 | 10.86 |
| 1981-12-01 | 10.85 |
| 1982-01-01 | 12.28 |
| 1982-02-01 | 13.48 |
| 1982-03-01 | 12.68 |
| 1982-04-01 | 12.70 |
| 1982-05-01 | 12.09 |
| 1982-06-01 | 12.47 |
| 1982-07-01 | 11.35 |
| 1982-08-01 | 8.68 |
| 1982-09-01 | 7.92 |
| 1982-10-01 | 7.71 |
| 1982-11-01 | 8.07 |
| 1982-12-01 | 7.94 |
| 1983-01-01 | 7.86 |
| 1983-02-01 | 8.11 |
| 1983-03-01 | 8.35 |
| 1983-04-01 | 8.21 |
| 1983-05-01 | 8.19 |
| 1983-06-01 | 8.79 |
| 1983-07-01 | 9.08 |
| 1983-08-01 | 9.34 |
| 1983-09-01 | 9.00 |
| 1983-10-01 | 8.64 |
| 1983-11-01 | 8.76 |
| 1983-12-01 | 9.00 |
| 1984-01-01 | 8.90 |
| 1984-02-01 | 9.09 |
| 1984-03-01 | 9.52 |
| 1984-04-01 | 9.69 |
| 1984-05-01 | 9.83 |
| 1984-06-01 | 9.87 |
| 1984-07-01 | 10.12 |
| 1984-08-01 | 10.47 |
| 1984-09-01 | 10.37 |
| 1984-10-01 | 9.74 |
| 1984-11-01 | 8.61 |
| 1984-12-01 | 8.06 |
| 1985-01-01 | 7.76 |
| 1985-02-01 | 8.27 |
| 1985-03-01 | 8.52 |
| 1985-04-01 | 7.95 |
| 1985-05-01 | 7.48 |
| 1985-06-01 | 6.95 |
| 1985-07-01 | 7.08 |
| 1985-08-01 | 7.14 |
| 1985-09-01 | 7.10 |
| 1985-10-01 | 7.16 |
| 1985-11-01 | 7.24 |
| 1985-12-01 | 7.10 |
| 1986-01-01 | 7.07 |
| 1986-02-01 | 7.06 |
| 1986-03-01 | 6.56 |
| 1986-04-01 | 6.06 |
| 1986-05-01 | 6.15 |
| 1986-06-01 | 6.21 |
| 1986-07-01 | 5.83 |
| 1986-08-01 | 5.53 |
| 1986-09-01 | 5.21 |
| 1986-10-01 | 5.18 |
| 1986-11-01 | 5.35 |
| 1986-12-01 | 5.53 |
| 1987-01-01 | 5.43 |
| 1987-02-01 | 5.59 |
| 1987-03-01 | 5.59 |
| 1987-04-01 | 5.64 |
| 1987-05-01 | 5.66 |
| 1987-06-01 | 5.67 |
| 1987-07-01 | 5.69 |
| 1987-08-01 | 6.04 |
| 1987-09-01 | 6.40 |
| 1987-10-01 | 6.13 |
| 1987-11-01 | 5.69 |
| 1987-12-01 | 5.77 |
| 1988-01-01 | 5.81 |
| 1988-02-01 | 5.66 |
| 1988-03-01 | 5.70 |
| 1988-04-01 | 5.91 |
| 1988-05-01 | 6.26 |
| 1988-06-01 | 6.46 |
| 1988-07-01 | 6.73 |
| 1988-08-01 | 7.06 |
| 1988-09-01 | 7.24 |
| 1988-10-01 | 7.35 |
| 1988-11-01 | 7.76 |
| 1988-12-01 | 8.07 |
| 1989-01-01 | 8.27 |
| 1989-02-01 | 8.53 |
| 1989-03-01 | 8.82 |
| 1989-04-01 | 8.65 |
| 1989-05-01 | 8.43 |
| 1989-06-01 | 8.15 |
| 1989-07-01 | 7.88 |
| 1989-08-01 | 7.90 |
| 1989-09-01 | 7.75 |
| 1989-10-01 | 7.64 |
| 1989-11-01 | 7.69 |
| 1989-12-01 | 7.63 |
| 1990-01-01 | 7.64 |
| 1990-02-01 | 7.74 |
| 1990-03-01 | 7.90 |
| 1990-04-01 | 7.77 |
| 1990-05-01 | 7.74 |
| 1990-06-01 | 7.73 |
| 1990-07-01 | 7.62 |
| 1990-08-01 | 7.45 |
| 1990-09-01 | 7.36 |
| 1990-10-01 | 7.17 |
| 1990-11-01 | 7.06 |
| 1990-12-01 | 6.74 |
| 1991-01-01 | 6.22 |
| 1991-02-01 | 5.94 |
| 1991-03-01 | 5.91 |
| 1991-04-01 | 5.65 |
| 1991-05-01 | 5.46 |
| 1991-06-01 | 5.57 |
| 1991-07-01 | 5.58 |
| 1991-08-01 | 5.33 |
| 1991-09-01 | 5.22 |
| 1991-10-01 | 4.99 |
| 1991-11-01 | 4.56 |
| 1991-12-01 | 4.07 |
| 1992-01-01 | 3.80 |
| 1992-02-01 | 3.84 |
| 1992-03-01 | 4.04 |
| 1992-04-01 | 3.75 |
| 1992-05-01 | 3.63 |
| 1992-06-01 | 3.66 |
| 1992-07-01 | 3.21 |
| 1992-08-01 | 3.13 |
| 1992-09-01 | 2.91 |
| 1992-10-01 | 2.86 |
| 1992-11-01 | 3.13 |
| 1992-12-01 | 3.22 |
| 1993-01-01 | 3.00 |
| 1993-02-01 | 2.93 |
| 1993-03-01 | 2.95 |
| 1993-04-01 | 2.87 |
| 1993-05-01 | 2.96 |
| 1993-06-01 | 3.07 |
| 1993-07-01 | 3.04 |
| 1993-08-01 | 3.02 |
| 1993-09-01 | 2.95 |
| 1993-10-01 | 3.02 |
| 1993-11-01 | 3.10 |
| 1993-12-01 | 3.06 |
| 1994-01-01 | 2.98 |
| 1994-02-01 | 3.25 |
| 1994-03-01 | 3.50 |
| 1994-04-01 | 3.68 |
| 1994-05-01 | 4.14 |
| 1994-06-01 | 4.14 |
| 1994-07-01 | 4.33 |
| 1994-08-01 | 4.48 |
| 1994-09-01 | 4.62 |
| 1994-10-01 | 4.95 |
| 1994-11-01 | 5.29 |
| 1994-12-01 | 5.60 |
| 1995-01-01 | 5.71 |
| 1995-02-01 | 5.77 |
| 1995-03-01 | 5.73 |
| 1995-04-01 | 5.65 |
| 1995-05-01 | 5.67 |
| 1995-06-01 | 5.47 |
| 1995-07-01 | 5.42 |
| 1995-08-01 | 5.40 |
| 1995-09-01 | 5.28 |
| 1995-10-01 | 5.28 |
| 1995-11-01 | 5.36 |
| 1995-12-01 | 5.14 |
| 1996-01-01 | 5.00 |
| 1996-02-01 | 4.83 |
| 1996-03-01 | 4.96 |
| 1996-04-01 | 4.95 |
| 1996-05-01 | 5.02 |
| 1996-06-01 | 5.09 |
| 1996-07-01 | 5.15 |
| 1996-08-01 | 5.05 |
| 1996-09-01 | 5.09 |
| 1996-10-01 | 4.99 |
| 1996-11-01 | 5.03 |
| 1996-12-01 | 4.91 |
| 1997-01-01 | 5.03 |
| 1997-02-01 | 5.01 |
| 1997-03-01 | 5.14 |
| 1997-04-01 | 5.16 |
| 1997-05-01 | 5.05 |
| 1997-06-01 | 4.93 |
| 1997-07-01 | 5.05 |
| 1997-08-01 | 5.14 |
| 1997-09-01 | 4.95 |
| 1997-10-01 | 4.97 |
| 1997-11-01 | 5.14 |
| 1997-12-01 | 5.16 |
| 1998-01-01 | 5.04 |
| 1998-02-01 | 5.09 |
| 1998-03-01 | 5.03 |
| 1998-04-01 | 4.95 |
| 1998-05-01 | 5.00 |
| 1998-06-01 | 4.98 |
| 1998-07-01 | 4.96 |
| 1998-08-01 | 4.90 |
| 1998-09-01 | 4.61 |
| 1998-10-01 | 3.96 |
| 1998-11-01 | 4.41 |
| 1998-12-01 | 4.39 |
| 1999-01-01 | 4.34 |
| 1999-02-01 | 4.44 |
| 1999-03-01 | 4.44 |
| 1999-04-01 | 4.29 |
| 1999-05-01 | 4.50 |
| 1999-06-01 | 4.57 |
| 1999-07-01 | 4.55 |
| 1999-08-01 | 4.72 |
| 1999-09-01 | 4.68 |
| 1999-10-01 | 4.86 |
| 1999-11-01 | 5.07 |
| 1999-12-01 | 5.20 |
| 2000-01-01 | 5.32 |
| 2000-02-01 | 5.55 |
| 2000-03-01 | 5.69 |
| 2000-04-01 | 5.66 |
| 2000-05-01 | 5.79 |
| 2000-06-01 | 5.69 |
| 2000-07-01 | 5.96 |
| 2000-08-01 | 6.09 |
| 2000-09-01 | 6.00 |
| 2000-10-01 | 6.11 |
| 2000-11-01 | 6.17 |
| 2000-12-01 | 5.77 |
| 2001-01-01 | 5.15 |
| 2001-02-01 | 4.88 |
| 2001-03-01 | 4.42 |
| 2001-04-01 | 3.87 |
| 2001-05-01 | 3.62 |
| 2001-06-01 | 3.49 |
| 2001-07-01 | 3.51 |
| 2001-08-01 | 3.36 |
| 2001-09-01 | 2.64 |
| 2001-10-01 | 2.16 |
| 2001-11-01 | 1.87 |
| 2001-12-01 | 1.69 |
| 2002-01-01 | 1.65 |
| 2002-02-01 | 1.72 |
| 2002-03-01 | 1.79 |
| 2002-04-01 | 1.71 |
| 2002-05-01 | 1.73 |
| 2002-06-01 | 1.70 |
| 2002-07-01 | 1.68 |
| 2002-08-01 | 1.62 |
| 2002-09-01 | 1.63 |
| 2002-10-01 | 1.58 |
| 2002-11-01 | 1.23 |
| 2002-12-01 | 1.19 |
| 2003-01-01 | 1.17 |
| 2003-02-01 | 1.17 |
| 2003-03-01 | 1.13 |
| 2003-04-01 | 1.13 |
| 2003-05-01 | 1.07 |
| 2003-06-01 | 0.92 |
| 2003-07-01 | 0.90 |
| 2003-08-01 | 0.95 |
| 2003-09-01 | 0.94 |
| 2003-10-01 | 0.92 |
| 2003-11-01 | 0.93 |
| 2003-12-01 | 0.90 |
| 2004-01-01 | 0.88 |
| 2004-02-01 | 0.93 |
| 2004-03-01 | 0.94 |
| 2004-04-01 | 0.94 |
| 2004-05-01 | 1.02 |
| 2004-06-01 | 1.27 |
| 2004-07-01 | 1.33 |
| 2004-08-01 | 1.48 |
| 2004-09-01 | 1.65 |
| 2004-10-01 | 1.76 |
| 2004-11-01 | 2.07 |
| 2004-12-01 | 2.19 |
| 2005-01-01 | 2.33 |
| 2005-02-01 | 2.54 |
| 2005-03-01 | 2.74 |
| 2005-04-01 | 2.78 |
| 2005-05-01 | 2.84 |
| 2005-06-01 | 2.97 |
| 2005-07-01 | 3.22 |
| 2005-08-01 | 3.44 |
| 2005-09-01 | 3.42 |
| 2005-10-01 | 3.71 |
| 2005-11-01 | 3.88 |
| 2005-12-01 | 3.89 |
| 2006-01-01 | 4.24 |
| 2006-02-01 | 4.43 |
| 2006-03-01 | 4.51 |
| 2006-04-01 | 4.60 |
| 2006-05-01 | 4.72 |
| 2006-06-01 | 4.79 |
| 2006-07-01 | 4.95 |
| 2006-08-01 | 4.96 |
| 2006-09-01 | 4.81 |
| 2006-10-01 | 4.92 |
| 2006-11-01 | 4.94 |
| 2006-12-01 | 4.85 |
| 2007-01-01 | 4.98 |
| 2007-02-01 | 5.03 |
| 2007-03-01 | 4.94 |
| 2007-04-01 | 4.87 |
| 2007-05-01 | 4.73 |
| 2007-06-01 | 4.61 |
| 2007-07-01 | 4.82 |
| 2007-08-01 | 4.20 |
| 2007-09-01 | 3.89 |
| 2007-10-01 | 3.90 |
| 2007-11-01 | 3.27 |
| 2007-12-01 | 3.00 |
| 2008-01-01 | 2.75 |
| 2008-02-01 | 2.12 |
| 2008-03-01 | 1.26 |
| 2008-04-01 | 1.29 |
| 2008-05-01 | 1.73 |
| 2008-06-01 | 1.86 |
| 2008-07-01 | 1.63 |
| 2008-08-01 | 1.72 |
| 2008-09-01 | 1.13 |
| 2008-10-01 | 0.67 |
| 2008-11-01 | 0.19 |
| 2008-12-01 | 0.03 |
| 2009-01-01 | 0.13 |
| 2009-02-01 | 0.30 |
| 2009-03-01 | 0.21 |
| 2009-04-01 | 0.16 |
| 2009-05-01 | 0.18 |
| 2009-06-01 | 0.18 |
| 2009-07-01 | 0.18 |
| 2009-08-01 | 0.17 |
| 2009-09-01 | 0.12 |
| 2009-10-01 | 0.07 |
| 2009-11-01 | 0.05 |
| 2009-12-01 | 0.05 |
| 2010-01-01 | 0.06 |
| 2010-02-01 | 0.11 |
| 2010-03-01 | 0.15 |
| 2010-04-01 | 0.16 |
| 2010-05-01 | 0.16 |
| 2010-06-01 | 0.12 |
| 2010-07-01 | 0.16 |
| 2010-08-01 | 0.16 |
| 2010-09-01 | 0.15 |
| 2010-10-01 | 0.13 |
| 2010-11-01 | 0.14 |
| 2010-12-01 | 0.14 |
| 2011-01-01 | 0.15 |
| 2011-02-01 | 0.13 |
| 2011-03-01 | 0.10 |
| 2011-04-01 | 0.06 |
| 2011-05-01 | 0.04 |
| 2011-06-01 | 0.04 |
| 2011-07-01 | 0.04 |
| 2011-08-01 | 0.02 |
| 2011-09-01 | 0.01 |
| 2011-10-01 | 0.02 |
| 2011-11-01 | 0.01 |
| 2011-12-01 | 0.01 |
| 2012-01-01 | 0.03 |
| 2012-02-01 | 0.09 |
| 2012-03-01 | 0.08 |
| 2012-04-01 | 0.08 |
| 2012-05-01 | 0.09 |
| 2012-06-01 | 0.09 |
| 2012-07-01 | 0.10 |
| 2012-08-01 | 0.10 |
| 2012-09-01 | 0.11 |
| 2012-10-01 | 0.10 |
| 2012-11-01 | 0.09 |
| 2012-12-01 | 0.07 |
| 2013-01-01 | 0.07 |
| 2013-02-01 | 0.10 |
| 2013-03-01 | 0.09 |
| 2013-04-01 | 0.06 |
| 2013-05-01 | 0.04 |
| 2013-06-01 | 0.05 |
| 2013-07-01 | 0.04 |
| 2013-08-01 | 0.04 |
| 2013-09-01 | 0.02 |
| 2013-10-01 | 0.05 |
| 2013-11-01 | 0.07 |
| 2013-12-01 | 0.07 |
| 2014-01-01 | 0.04 |
| 2014-02-01 | 0.05 |
| 2014-03-01 | 0.05 |
| 2014-04-01 | 0.03 |
| 2014-05-01 | 0.03 |
| 2014-06-01 | 0.04 |
| 2014-07-01 | 0.03 |
| 2014-08-01 | 0.03 |
| 2014-09-01 | 0.02 |
| 2014-10-01 | 0.02 |
| 2014-11-01 | 0.02 |
| 2014-12-01 | 0.03 |
| 2015-01-01 | 0.03 |
| 2015-02-01 | 0.02 |
| 2015-03-01 | 0.03 |
| 2015-04-01 | 0.02 |
| 2015-05-01 | 0.02 |
| 2015-06-01 | 0.02 |
| 2015-07-01 | 0.03 |
| 2015-08-01 | 0.07 |
| 2015-09-01 | 0.02 |
| 2015-10-01 | 0.02 |
| 2015-11-01 | 0.12 |
| 2015-12-01 | 0.23 |
| 2016-01-01 | 0.26 |
| 2016-02-01 | 0.31 |
| 2016-03-01 | 0.29 |
| 2016-04-01 | 0.23 |
| 2016-05-01 | 0.27 |
| 2016-06-01 | 0.27 |
| 2016-07-01 | 0.30 |
| 2016-08-01 | 0.30 |
| 2016-09-01 | 0.29 |
| 2016-10-01 | 0.33 |
| 2016-11-01 | 0.45 |
| 2016-12-01 | 0.51 |
| 2017-01-01 | 0.51 |
| 2017-02-01 | 0.52 |
| 2017-03-01 | 0.74 |
| 2017-04-01 | 0.80 |
| 2017-05-01 | 0.89 |
| 2017-06-01 | 0.98 |
| 2017-07-01 | 1.07 |
| 2017-08-01 | 1.01 |
| 2017-09-01 | 1.03 |
| 2017-10-01 | 1.07 |
| 2017-11-01 | 1.23 |
| 2017-12-01 | 1.32 |
| 2018-01-01 | 1.41 |
| 2018-02-01 | 1.57 |
| 2018-03-01 | 1.70 |
| 2018-04-01 | 1.76 |
| 2018-05-01 | 1.86 |
| 2018-06-01 | 1.90 |
| 2018-07-01 | 1.96 |
| 2018-08-01 | 2.03 |
| 2018-09-01 | 2.13 |
| 2018-10-01 | 2.25 |
| 2018-11-01 | 2.33 |
| 2018-12-01 | 2.37 |
| 2019-01-01 | 2.37 |
The graphical representation of the monthly data of interest rate on three-month Treasury bills since 1975 is as follows:
The monthly data of interest rate on corporate bond yield since 1975 is as follows:
| Date | Corporate bond yield: monthly |
| 1975-01-01 | 8.83 |
| 1975-02-01 | 8.62 |
| 1975-03-01 | 8.67 |
| 1975-04-01 | 8.95 |
| 1975-05-01 | 8.90 |
| 1975-06-01 | 8.77 |
| 1975-07-01 | 8.84 |
| 1975-08-01 | 8.95 |
| 1975-09-01 | 8.95 |
| 1975-10-01 | 8.86 |
| 1975-11-01 | 8.78 |
| 1975-12-01 | 8.79 |
| 1976-01-01 | 8.60 |
| 1976-02-01 | 8.55 |
| 1976-03-01 | 8.52 |
| 1976-04-01 | 8.40 |
| 1976-05-01 | 8.58 |
| 1976-06-01 | 8.62 |
| 1976-07-01 | 8.56 |
| 1976-08-01 | 8.45 |
| 1976-09-01 | 8.38 |
| 1976-10-01 | 8.32 |
| 1976-11-01 | 8.25 |
| 1976-12-01 | 7.98 |
| 1977-01-01 | 7.96 |
| 1977-02-01 | 8.04 |
| 1977-03-01 | 8.10 |
| 1977-04-01 | 8.04 |
| 1977-05-01 | 8.05 |
| 1977-06-01 | 7.95 |
| 1977-07-01 | 7.94 |
| 1977-08-01 | 7.98 |
| 1977-09-01 | 7.92 |
| 1977-10-01 | 8.04 |
| 1977-11-01 | 8.08 |
| 1977-12-01 | 8.19 |
| 1978-01-01 | 8.41 |
| 1978-02-01 | 8.47 |
| 1978-03-01 | 8.47 |
| 1978-04-01 | 8.56 |
| 1978-05-01 | 8.69 |
| 1978-06-01 | 8.76 |
| 1978-07-01 | 8.88 |
| 1978-08-01 | 8.69 |
| 1978-09-01 | 8.69 |
| 1978-10-01 | 8.89 |
| 1978-11-01 | 9.03 |
| 1978-12-01 | 9.16 |
| 1979-01-01 | 9.25 |
| 1979-02-01 | 9.26 |
| 1979-03-01 | 9.37 |
| 1979-04-01 | 9.38 |
| 1979-05-01 | 9.50 |
| 1979-06-01 | 9.29 |
| 1979-07-01 | 9.20 |
| 1979-08-01 | 9.23 |
| 1979-09-01 | 9.44 |
| 1979-10-01 | 10.13 |
| 1979-11-01 | 10.76 |
| 1979-12-01 | 10.74 |
| 1980-01-01 | 11.09 |
| 1980-02-01 | 12.38 |
| 1980-03-01 | 12.96 |
| 1980-04-01 | 12.04 |
| 1980-05-01 | 10.99 |
| 1980-06-01 | 10.58 |
| 1980-07-01 | 11.07 |
| 1980-08-01 | 11.64 |
| 1980-09-01 | 12.02 |
| 1980-10-01 | 12.31 |
| 1980-11-01 | 12.97 |
| 1980-12-01 | 13.21 |
| 1981-01-01 | 12.81 |
| 1981-02-01 | 13.35 |
| 1981-03-01 | 13.33 |
| 1981-04-01 | 13.88 |
| 1981-05-01 | 14.32 |
| 1981-06-01 | 13.75 |
| 1981-07-01 | 14.38 |
| 1981-08-01 | 14.89 |
| 1981-09-01 | 15.49 |
| 1981-10-01 | 15.40 |
| 1981-11-01 | 14.22 |
| 1981-12-01 | 14.23 |
| 1982-01-01 | 15.18 |
| 1982-02-01 | 15.27 |
| 1982-03-01 | 14.58 |
| 1982-04-01 | 14.46 |
| 1982-05-01 | 14.26 |
| 1982-06-01 | 14.81 |
| 1982-07-01 | 14.61 |
| 1982-08-01 | 13.71 |
| 1982-09-01 | 12.94 |
| 1982-10-01 | 12.12 |
| 1982-11-01 | 11.68 |
| 1982-12-01 | 11.83 |
| 1983-01-01 | 11.79 |
| 1983-02-01 | 12.01 |
| 1983-03-01 | 11.73 |
| 1983-04-01 | 11.51 |
| 1983-05-01 | 11.46 |
| 1983-06-01 | 11.74 |
| 1983-07-01 | 12.15 |
| 1983-08-01 | 12.51 |
| 1983-09-01 | 12.37 |
| 1983-10-01 | 12.25 |
| 1983-11-01 | 12.41 |
| 1983-12-01 | 12.57 |
| 1984-01-01 | 12.20 |
| 1984-02-01 | 12.08 |
| 1984-03-01 | 12.57 |
| 1984-04-01 | 12.81 |
| 1984-05-01 | 13.28 |
| 1984-06-01 | 13.55 |
| 1984-07-01 | 13.44 |
| 1984-08-01 | 12.87 |
| 1984-09-01 | 12.66 |
| 1984-10-01 | 12.63 |
| 1984-11-01 | 12.29 |
| 1984-12-01 | 12.13 |
| 1985-01-01 | 12.08 |
| 1985-02-01 | 12.13 |
| 1985-03-01 | 12.56 |
| 1985-04-01 | 12.23 |
| 1985-05-01 | 11.72 |
| 1985-06-01 | 10.94 |
| 1985-07-01 | 10.97 |
| 1985-08-01 | 11.05 |
| 1985-09-01 | 11.07 |
| 1985-10-01 | 11.02 |
| 1985-11-01 | 10.55 |
| 1985-12-01 | 10.16 |
| 1986-01-01 | 10.05 |
| 1986-02-01 | 9.67 |
| 1986-03-01 | 9.00 |
| 1986-04-01 | 8.79 |
| 1986-05-01 | 9.09 |
| 1986-06-01 | 9.13 |
| 1986-07-01 | 8.88 |
| 1986-08-01 | 8.72 |
| 1986-09-01 | 8.89 |
| 1986-10-01 | 8.86 |
| 1986-11-01 | 8.68 |
| 1986-12-01 | 8.49 |
| 1987-01-01 | 8.36 |
| 1987-02-01 | 8.38 |
| 1987-03-01 | 8.36 |
| 1987-04-01 | 8.85 |
| 1987-05-01 | 9.33 |
| 1987-06-01 | 9.32 |
| 1987-07-01 | 9.42 |
| 1987-08-01 | 9.67 |
| 1987-09-01 | 10.18 |
| 1987-10-01 | 10.52 |
| 1987-11-01 | 10.01 |
| 1987-12-01 | 10.11 |
| 1988-01-01 | 9.88 |
| 1988-02-01 | 9.40 |
| 1988-03-01 | 9.39 |
| 1988-04-01 | 9.67 |
| 1988-05-01 | 9.90 |
| 1988-06-01 | 9.86 |
| 1988-07-01 | 9.96 |
| 1988-08-01 | 10.11 |
| 1988-09-01 | 9.82 |
| 1988-10-01 | 9.51 |
| 1988-11-01 | 9.45 |
| 1988-12-01 | 9.57 |
| 1989-01-01 | 9.62 |
| 1989-02-01 | 9.64 |
| 1989-03-01 | 9.80 |
| 1989-04-01 | 9.79 |
| 1989-05-01 | 9.57 |
| 1989-06-01 | 9.10 |
| 1989-07-01 | 8.93 |
| 1989-08-01 | 8.96 |
| 1989-09-01 | 9.01 |
| 1989-10-01 | 8.92 |
| 1989-11-01 | 8.89 |
| 1989-12-01 | 8.86 |
| 1990-01-01 | 8.99 |
| 1990-02-01 | 9.22 |
| 1990-03-01 | 9.37 |
| 1990-04-01 | 9.46 |
| 1990-05-01 | 9.47 |
| 1990-06-01 | 9.26 |
| 1990-07-01 | 9.24 |
| 1990-08-01 | 9.41 |
| 1990-09-01 | 9.56 |
| 1990-10-01 | 9.53 |
| 1990-11-01 | 9.30 |
| 1990-12-01 | 9.05 |
| 1991-01-01 | 9.04 |
| 1991-02-01 | 8.83 |
| 1991-03-01 | 8.93 |
| 1991-04-01 | 8.86 |
| 1991-05-01 | 8.86 |
| 1991-06-01 | 9.01 |
| 1991-07-01 | 9.00 |
| 1991-08-01 | 8.75 |
| 1991-09-01 | 8.61 |
| 1991-10-01 | 8.55 |
| 1991-11-01 | 8.48 |
| 1991-12-01 | 8.31 |
| 1992-01-01 | 8.20 |
| 1992-02-01 | 8.29 |
| 1992-03-01 | 8.35 |
| 1992-04-01 | 8.33 |
| 1992-05-01 | 8.28 |
| 1992-06-01 | 8.22 |
| 1992-07-01 | 8.07 |
| 1992-08-01 | 7.95 |
| 1992-09-01 | 7.92 |
| 1992-10-01 | 7.99 |
| 1992-11-01 | 8.10 |
| 1992-12-01 | 7.98 |
| 1993-01-01 | 7.91 |
| 1993-02-01 | 7.71 |
| 1993-03-01 | 7.58 |
| 1993-04-01 | 7.46 |
| 1993-05-01 | 7.43 |
| 1993-06-01 | 7.33 |
| 1993-07-01 | 7.17 |
| 1993-08-01 | 6.85 |
| 1993-09-01 | 6.66 |
| 1993-10-01 | 6.67 |
| 1993-11-01 | 6.93 |
| 1993-12-01 | 6.93 |
| 1994-01-01 | 6.92 |
| 1994-02-01 | 7.08 |
| 1994-03-01 | 7.48 |
| 1994-04-01 | 7.88 |
| 1994-05-01 | 7.99 |
| 1994-06-01 | 7.97 |
| 1994-07-01 | 8.11 |
| 1994-08-01 | 8.07 |
| 1994-09-01 | 8.34 |
| 1994-10-01 | 8.57 |
| 1994-11-01 | 8.68 |
| 1994-12-01 | 8.46 |
| 1995-01-01 | 8.46 |
| 1995-02-01 | 8.26 |
| 1995-03-01 | 8.12 |
| 1995-04-01 | 8.03 |
| 1995-05-01 | 7.65 |
| 1995-06-01 | 7.30 |
| 1995-07-01 | 7.41 |
| 1995-08-01 | 7.57 |
| 1995-09-01 | 7.32 |
| 1995-10-01 | 7.12 |
| 1995-11-01 | 7.02 |
| 1995-12-01 | 6.82 |
| 1996-01-01 | 6.81 |
| 1996-02-01 | 6.99 |
| 1996-03-01 | 7.35 |
| 1996-04-01 | 7.50 |
| 1996-05-01 | 7.62 |
| 1996-06-01 | 7.71 |
| 1996-07-01 | 7.65 |
| 1996-08-01 | 7.46 |
| 1996-09-01 | 7.66 |
| 1996-10-01 | 7.39 |
| 1996-11-01 | 7.10 |
| 1996-12-01 | 7.20 |
| 1997-01-01 | 7.42 |
| 1997-02-01 | 7.31 |
| 1997-03-01 | 7.55 |
| 1997-04-01 | 7.73 |
| 1997-05-01 | 7.58 |
| 1997-06-01 | 7.41 |
| 1997-07-01 | 7.14 |
| 1997-08-01 | 7.22 |
| 1997-09-01 | 7.15 |
| 1997-10-01 | 7.00 |
| 1997-11-01 | 6.87 |
| 1997-12-01 | 6.76 |
| 1998-01-01 | 6.61 |
| 1998-02-01 | 6.67 |
| 1998-03-01 | 6.72 |
| 1998-04-01 | 6.69 |
| 1998-05-01 | 6.69 |
| 1998-06-01 | 6.53 |
| 1998-07-01 | 6.55 |
| 1998-08-01 | 6.52 |
| 1998-09-01 | 6.40 |
| 1998-10-01 | 6.37 |
| 1998-11-01 | 6.41 |
| 1998-12-01 | 6.22 |
| 1999-01-01 | 6.24 |
| 1999-02-01 | 6.40 |
| 1999-03-01 | 6.62 |
| 1999-04-01 | 6.64 |
| 1999-05-01 | 6.93 |
| 1999-06-01 | 7.23 |
| 1999-07-01 | 7.19 |
| 1999-08-01 | 7.40 |
| 1999-09-01 | 7.39 |
| 1999-10-01 | 7.55 |
| 1999-11-01 | 7.36 |
| 1999-12-01 | 7.55 |
| 2000-01-01 | 7.78 |
| 2000-02-01 | 7.68 |
| 2000-03-01 | 7.68 |
| 2000-04-01 | 7.64 |
| 2000-05-01 | 7.99 |
| 2000-06-01 | 7.67 |
| 2000-07-01 | 7.65 |
| 2000-08-01 | 7.55 |
| 2000-09-01 | 7.62 |
| 2000-10-01 | 7.55 |
| 2000-11-01 | 7.45 |
| 2000-12-01 | 7.21 |
| 2001-01-01 | 7.15 |
| 2001-02-01 | 7.10 |
| 2001-03-01 | 6.98 |
| 2001-04-01 | 7.20 |
| 2001-05-01 | 7.29 |
| 2001-06-01 | 7.18 |
| 2001-07-01 | 7.13 |
| 2001-08-01 | 7.02 |
| 2001-09-01 | 7.17 |
| 2001-10-01 | 7.03 |
| 2001-11-01 | 6.97 |
| 2001-12-01 | 6.77 |
| 2002-01-01 | 6.55 |
| 2002-02-01 | 6.51 |
| 2002-03-01 | 6.81 |
| 2002-04-01 | 6.76 |
| 2002-05-01 | 6.75 |
| 2002-06-01 | 6.63 |
| 2002-07-01 | 6.53 |
| 2002-08-01 | 6.37 |
| 2002-09-01 | 6.15 |
| 2002-10-01 | 6.32 |
| 2002-11-01 | 6.31 |
| 2002-12-01 | 6.21 |
| 2003-01-01 | 6.17 |
| 2003-02-01 | 5.95 |
| 2003-03-01 | 5.89 |
| 2003-04-01 | 5.74 |
| 2003-05-01 | 5.22 |
| 2003-06-01 | 4.97 |
| 2003-07-01 | 5.49 |
| 2003-08-01 | 5.88 |
| 2003-09-01 | 5.72 |
| 2003-10-01 | 5.70 |
| 2003-11-01 | 5.65 |
| 2003-12-01 | 5.62 |
| 2004-01-01 | 5.54 |
| 2004-02-01 | 5.50 |
| 2004-03-01 | 5.33 |
| 2004-04-01 | 5.73 |
| 2004-05-01 | 6.04 |
| 2004-06-01 | 6.01 |
| 2004-07-01 | 5.82 |
| 2004-08-01 | 5.65 |
| 2004-09-01 | 5.46 |
| 2004-10-01 | 5.47 |
| 2004-11-01 | 5.52 |
| 2004-12-01 | 5.47 |
| 2005-01-01 | 5.36 |
| 2005-02-01 | 5.20 |
| 2005-03-01 | 5.40 |
| 2005-04-01 | 5.33 |
| 2005-05-01 | 5.15 |
| 2005-06-01 | 4.96 |
| 2005-07-01 | 5.06 |
| 2005-08-01 | 5.09 |
| 2005-09-01 | 5.13 |
| 2005-10-01 | 5.35 |
| 2005-11-01 | 5.42 |
| 2005-12-01 | 5.37 |
| 2006-01-01 | 5.29 |
| 2006-02-01 | 5.35 |
| 2006-03-01 | 5.53 |
| 2006-04-01 | 5.84 |
| 2006-05-01 | 5.95 |
| 2006-06-01 | 5.89 |
| 2006-07-01 | 5.85 |
| 2006-08-01 | 5.68 |
| 2006-09-01 | 5.51 |
| 2006-10-01 | 5.51 |
| 2006-11-01 | 5.33 |
| 2006-12-01 | 5.32 |
| 2007-01-01 | 5.40 |
| 2007-02-01 | 5.39 |
| 2007-03-01 | 5.30 |
| 2007-04-01 | 5.47 |
| 2007-05-01 | 5.47 |
| 2007-06-01 | 5.79 |
| 2007-07-01 | 5.73 |
| 2007-08-01 | 5.79 |
| 2007-09-01 | 5.74 |
| 2007-10-01 | 5.66 |
| 2007-11-01 | 5.44 |
| 2007-12-01 | 5.49 |
| 2008-01-01 | 5.33 |
| 2008-02-01 | 5.53 |
| 2008-03-01 | 5.51 |
| 2008-04-01 | 5.55 |
| 2008-05-01 | 5.57 |
| 2008-06-01 | 5.68 |
| 2008-07-01 | 5.67 |
| 2008-08-01 | 5.64 |
| 2008-09-01 | 5.65 |
| 2008-10-01 | 6.28 |
| 2008-11-01 | 6.12 |
| 2008-12-01 | 5.05 |
| 2009-01-01 | 5.05 |
| 2009-02-01 | 5.27 |
| 2009-03-01 | 5.50 |
| 2009-04-01 | 5.39 |
| 2009-05-01 | 5.54 |
| 2009-06-01 | 5.61 |
| 2009-07-01 | 5.41 |
| 2009-08-01 | 5.26 |
| 2009-09-01 | 5.13 |
| 2009-10-01 | 5.15 |
| 2009-11-01 | 5.19 |
| 2009-12-01 | 5.26 |
| 2010-01-01 | 5.26 |
| 2010-02-01 | 5.35 |
| 2010-03-01 | 5.27 |
| 2010-04-01 | 5.29 |
| 2010-05-01 | 4.96 |
| 2010-06-01 | 4.88 |
| 2010-07-01 | 4.72 |
| 2010-08-01 | 4.49 |
| 2010-09-01 | 4.53 |
| 2010-10-01 | 4.68 |
| 2010-11-01 | 4.87 |
| 2010-12-01 | 5.02 |
| 2011-01-01 | 5.04 |
| 2011-02-01 | 5.22 |
| 2011-03-01 | 5.13 |
| 2011-04-01 | 5.16 |
| 2011-05-01 | 4.96 |
| 2011-06-01 | 4.99 |
| 2011-07-01 | 4.93 |
| 2011-08-01 | 4.37 |
| 2011-09-01 | 4.09 |
| 2011-10-01 | 3.98 |
| 2011-11-01 | 3.87 |
| 2011-12-01 | 3.93 |
| 2012-01-01 | 3.85 |
| 2012-02-01 | 3.85 |
| 2012-03-01 | 3.99 |
| 2012-04-01 | 3.96 |
| 2012-05-01 | 3.80 |
| 2012-06-01 | 3.64 |
| 2012-07-01 | 3.40 |
| 2012-08-01 | 3.48 |
| 2012-09-01 | 3.49 |
| 2012-10-01 | 3.47 |
| 2012-11-01 | 3.50 |
| 2012-12-01 | 3.65 |
| 2013-01-01 | 3.80 |
| 2013-02-01 | 3.90 |
| 2013-03-01 | 3.93 |
| 2013-04-01 | 3.73 |
| 2013-05-01 | 3.89 |
| 2013-06-01 | 4.27 |
| 2013-07-01 | 4.34 |
| 2013-08-01 | 4.54 |
| 2013-09-01 | 4.64 |
| 2013-10-01 | 4.53 |
| 2013-11-01 | 4.63 |
| 2013-12-01 | 4.62 |
| 2014-01-01 | 4.49 |
| 2014-02-01 | 4.45 |
| 2014-03-01 | 4.38 |
| 2014-04-01 | 4.24 |
| 2014-05-01 | 4.16 |
| 2014-06-01 | 4.25 |
| 2014-07-01 | 4.16 |
| 2014-08-01 | 4.08 |
| 2014-09-01 | 4.11 |
| 2014-10-01 | 3.92 |
| 2014-11-01 | 3.92 |
| 2014-12-01 | 3.79 |
| 2015-01-01 | 3.46 |
| 2015-02-01 | 3.61 |
| 2015-03-01 | 3.64 |
| 2015-04-01 | 3.52 |
| 2015-05-01 | 3.98 |
| 2015-06-01 | 4.19 |
| 2015-07-01 | 4.15 |
| 2015-08-01 | 4.04 |
| 2015-09-01 | 4.07 |
| 2015-10-01 | 3.95 |
| 2015-11-01 | 4.06 |
| 2015-12-01 | 3.97 |
| 2016-01-01 | 4.00 |
| 2016-02-01 | 3.96 |
| 2016-03-01 | 3.82 |
| 2016-04-01 | 3.62 |
| 2016-05-01 | 3.65 |
| 2016-06-01 | 3.50 |
| 2016-07-01 | 3.28 |
| 2016-08-01 | 3.32 |
| 2016-09-01 | 3.41 |
| 2016-10-01 | 3.51 |
| 2016-11-01 | 3.86 |
| 2016-12-01 | 4.06 |
| 2017-01-01 | 3.92 |
| 2017-02-01 | 3.95 |
| 2017-03-01 | 4.01 |
| 2017-04-01 | 3.87 |
| 2017-05-01 | 3.85 |
| 2017-06-01 | 3.68 |
| 2017-07-01 | 3.70 |
| 2017-08-01 | 3.63 |
| 2017-09-01 | 3.63 |
| 2017-10-01 | 3.60 |
| 2017-11-01 | 3.57 |
| 2017-12-01 | 3.51 |
| 2018-01-01 | 3.55 |
| 2018-02-01 | 3.82 |
| 2018-03-01 | 3.87 |
| 2018-04-01 | 3.85 |
| 2018-05-01 | 4.00 |
| 2018-06-01 | 3.96 |
| 2018-07-01 | 3.87 |
| 2018-08-01 | 3.88 |
| 2018-09-01 | 3.98 |
| 2018-10-01 | 4.14 |
| 2018-11-01 | 4.22 |
| 2018-12-01 | 4.02 |
| 2019-01-01 | 3.93 |
The graphical representation of the monthly data of interest rate on three-month Treasury bills since 1975 is as follows:
The monthly data of interest rate for 30-year conventional mortgage since 1975 is as follows:
| Date | 30-year conventional mortgage rate |
| 1975-01-01 | 9.43 |
| 1975-02-01 | 9.11 |
| 1975-03-01 | 8.90 |
| 1975-04-01 | 8.82 |
| 1975-05-01 | 8.91 |
| 1975-06-01 | 8.89 |
| 1975-07-01 | 8.89 |
| 1975-08-01 | 8.94 |
| 1975-09-01 | 9.13 |
| 1975-10-01 | 9.22 |
| 1975-11-01 | 9.15 |
| 1975-12-01 | 9.10 |
| 1976-01-01 | 9.02 |
| 1976-02-01 | 8.81 |
| 1976-03-01 | 8.76 |
| 1976-04-01 | 8.73 |
| 1976-05-01 | 8.77 |
| 1976-06-01 | 8.85 |
| 1976-07-01 | 8.93 |
| 1976-08-01 | 9.00 |
| 1976-09-01 | 8.98 |
| 1976-10-01 | 8.93 |
| 1976-11-01 | 8.81 |
| 1976-12-01 | 8.79 |
| 1977-01-01 | 8.72 |
| 1977-02-01 | 8.67 |
| 1977-03-01 | 8.69 |
| 1977-04-01 | 8.75 |
| 1977-05-01 | 8.82 |
| 1977-06-01 | 8.86 |
| 1977-07-01 | 8.94 |
| 1977-08-01 | 8.94 |
| 1977-09-01 | 8.90 |
| 1977-10-01 | 8.92 |
| 1977-11-01 | 8.92 |
| 1977-12-01 | 8.96 |
| 1978-01-01 | 9.02 |
| 1978-02-01 | 9.16 |
| 1978-03-01 | 9.20 |
| 1978-04-01 | 9.36 |
| 1978-05-01 | 9.58 |
| 1978-06-01 | 9.71 |
| 1978-07-01 | 9.74 |
| 1978-08-01 | 9.79 |
| 1978-09-01 | 9.76 |
| 1978-10-01 | 9.86 |
| 1978-11-01 | 10.11 |
| 1978-12-01 | 10.35 |
| 1979-01-01 | 10.39 |
| 1979-02-01 | 10.41 |
| 1979-03-01 | 10.43 |
| 1979-04-01 | 10.50 |
| 1979-05-01 | 10.69 |
| 1979-06-01 | 11.04 |
| 1979-07-01 | 11.09 |
| 1979-08-01 | 11.09 |
| 1979-09-01 | 11.30 |
| 1979-10-01 | 11.64 |
| 1979-11-01 | 12.83 |
| 1979-12-01 | 12.90 |
| 1980-01-01 | 12.88 |
| 1980-02-01 | 13.04 |
| 1980-03-01 | 15.28 |
| 1980-04-01 | 16.33 |
| 1980-05-01 | 14.26 |
| 1980-06-01 | 12.71 |
| 1980-07-01 | 12.19 |
| 1980-08-01 | 12.56 |
| 1980-09-01 | 13.20 |
| 1980-10-01 | 13.79 |
| 1980-11-01 | 14.21 |
| 1980-12-01 | 14.79 |
| 1981-01-01 | 14.90 |
| 1981-02-01 | 15.13 |
| 1981-03-01 | 15.40 |
| 1981-04-01 | 15.58 |
| 1981-05-01 | 16.40 |
| 1981-06-01 | 16.70 |
| 1981-07-01 | 16.83 |
| 1981-08-01 | 17.29 |
| 1981-09-01 | 18.16 |
| 1981-10-01 | 18.45 |
| 1981-11-01 | 17.83 |
| 1981-12-01 | 16.92 |
| 1982-01-01 | 17.40 |
| 1982-02-01 | 17.60 |
| 1982-03-01 | 17.16 |
| 1982-04-01 | 16.89 |
| 1982-05-01 | 16.68 |
| 1982-06-01 | 16.70 |
| 1982-07-01 | 16.82 |
| 1982-08-01 | 16.27 |
| 1982-09-01 | 15.43 |
| 1982-10-01 | 14.61 |
| 1982-11-01 | 13.83 |
| 1982-12-01 | 13.62 |
| 1983-01-01 | 13.25 |
| 1983-02-01 | 13.04 |
| 1983-03-01 | 12.80 |
| 1983-04-01 | 12.78 |
| 1983-05-01 | 12.63 |
| 1983-06-01 | 12.87 |
| 1983-07-01 | 13.42 |
| 1983-08-01 | 13.81 |
| 1983-09-01 | 13.73 |
| 1983-10-01 | 13.54 |
| 1983-11-01 | 13.44 |
| 1983-12-01 | 13.42 |
| 1984-01-01 | 13.37 |
| 1984-02-01 | 13.23 |
| 1984-03-01 | 13.39 |
| 1984-04-01 | 13.65 |
| 1984-05-01 | 13.94 |
| 1984-06-01 | 14.42 |
| 1984-07-01 | 14.67 |
| 1984-08-01 | 14.47 |
| 1984-09-01 | 14.35 |
| 1984-10-01 | 14.13 |
| 1984-11-01 | 13.64 |
| 1984-12-01 | 13.18 |
| 1985-01-01 | 13.08 |
| 1985-02-01 | 12.92 |
| 1985-03-01 | 13.17 |
| 1985-04-01 | 13.20 |
| 1985-05-01 | 12.91 |
| 1985-06-01 | 12.22 |
| 1985-07-01 | 12.03 |
| 1985-08-01 | 12.19 |
| 1985-09-01 | 12.19 |
| 1985-10-01 | 12.14 |
| 1985-11-01 | 11.78 |
| 1985-12-01 | 11.26 |
| 1986-01-01 | 10.88 |
| 1986-02-01 | 10.71 |
| 1986-03-01 | 10.08 |
| 1986-04-01 | 9.94 |
| 1986-05-01 | 10.14 |
| 1986-06-01 | 10.68 |
| 1986-07-01 | 10.51 |
| 1986-08-01 | 10.20 |
| 1986-09-01 | 10.01 |
| 1986-10-01 | 9.97 |
| 1986-11-01 | 9.70 |
| 1986-12-01 | 9.31 |
| 1987-01-01 | 9.20 |
| 1987-02-01 | 9.08 |
| 1987-03-01 | 9.04 |
| 1987-04-01 | 9.83 |
| 1987-05-01 | 10.60 |
| 1987-06-01 | 10.54 |
| 1987-07-01 | 10.28 |
| 1987-08-01 | 10.33 |
| 1987-09-01 | 10.89 |
| 1987-10-01 | 11.26 |
| 1987-11-01 | 10.65 |
| 1987-12-01 | 10.65 |
| 1988-01-01 | 10.43 |
| 1988-02-01 | 9.89 |
| 1988-03-01 | 9.93 |
| 1988-04-01 | 10.20 |
| 1988-05-01 | 10.46 |
| 1988-06-01 | 10.46 |
| 1988-07-01 | 10.43 |
| 1988-08-01 | 10.60 |
| 1988-09-01 | 10.48 |
| 1988-10-01 | 10.30 |
| 1988-11-01 | 10.27 |
| 1988-12-01 | 10.61 |
| 1989-01-01 | 10.73 |
| 1989-02-01 | 10.65 |
| 1989-03-01 | 11.03 |
| 1989-04-01 | 11.05 |
| 1989-05-01 | 10.77 |
| 1989-06-01 | 10.20 |
| 1989-07-01 | 9.88 |
| 1989-08-01 | 9.99 |
| 1989-09-01 | 10.13 |
| 1989-10-01 | 9.95 |
| 1989-11-01 | 9.77 |
| 1989-12-01 | 9.74 |
| 1990-01-01 | 9.90 |
| 1990-02-01 | 10.20 |
| 1990-03-01 | 10.27 |
| 1990-04-01 | 10.37 |
| 1990-05-01 | 10.48 |
| 1990-06-01 | 10.16 |
| 1990-07-01 | 10.04 |
| 1990-08-01 | 10.10 |
| 1990-09-01 | 10.18 |
| 1990-10-01 | 10.18 |
| 1990-11-01 | 10.01 |
| 1990-12-01 | 9.67 |
| 1991-01-01 | 9.64 |
| 1991-02-01 | 9.37 |
| 1991-03-01 | 9.50 |
| 1991-04-01 | 9.49 |
| 1991-05-01 | 9.47 |
| 1991-06-01 | 9.62 |
| 1991-07-01 | 9.58 |
| 1991-08-01 | 9.24 |
| 1991-09-01 | 9.01 |
| 1991-10-01 | 8.86 |
| 1991-11-01 | 8.71 |
| 1991-12-01 | 8.50 |
| 1992-01-01 | 8.43 |
| 1992-02-01 | 8.76 |
| 1992-03-01 | 8.94 |
| 1992-04-01 | 8.85 |
| 1992-05-01 | 8.67 |
| 1992-06-01 | 8.51 |
| 1992-07-01 | 8.13 |
| 1992-08-01 | 7.98 |
| 1992-09-01 | 7.92 |
| 1992-10-01 | 8.09 |
| 1992-11-01 | 8.31 |
| 1992-12-01 | 8.22 |
| 1993-01-01 | 8.02 |
| 1993-02-01 | 7.68 |
| 1993-03-01 | 7.50 |
| 1993-04-01 | 7.47 |
| 1993-05-01 | 7.47 |
| 1993-06-01 | 7.42 |
| 1993-07-01 | 7.21 |
| 1993-08-01 | 7.11 |
| 1993-09-01 | 6.92 |
| 1993-10-01 | 6.83 |
| 1993-11-01 | 7.16 |
| 1993-12-01 | 7.17 |
| 1994-01-01 | 7.06 |
| 1994-02-01 | 7.15 |
| 1994-03-01 | 7.68 |
| 1994-04-01 | 8.32 |
| 1994-05-01 | 8.60 |
| 1994-06-01 | 8.40 |
| 1994-07-01 | 8.61 |
| 1994-08-01 | 8.51 |
| 1994-09-01 | 8.64 |
| 1994-10-01 | 8.93 |
| 1994-11-01 | 9.17 |
| 1994-12-01 | 9.20 |
| 1995-01-01 | 9.15 |
| 1995-02-01 | 8.83 |
| 1995-03-01 | 8.46 |
| 1995-04-01 | 8.32 |
| 1995-05-01 | 7.96 |
| 1995-06-01 | 7.57 |
| 1995-07-01 | 7.61 |
| 1995-08-01 | 7.86 |
| 1995-09-01 | 7.64 |
| 1995-10-01 | 7.48 |
| 1995-11-01 | 7.38 |
| 1995-12-01 | 7.20 |
| 1996-01-01 | 7.03 |
| 1996-02-01 | 7.08 |
| 1996-03-01 | 7.62 |
| 1996-04-01 | 7.93 |
| 1996-05-01 | 8.07 |
| 1996-06-01 | 8.32 |
| 1996-07-01 | 8.25 |
| 1996-08-01 | 8.00 |
| 1996-09-01 | 8.23 |
| 1996-10-01 | 7.92 |
| 1996-11-01 | 7.62 |
| 1996-12-01 | 7.60 |
| 1997-01-01 | 7.82 |
| 1997-02-01 | 7.65 |
| 1997-03-01 | 7.90 |
| 1997-04-01 | 8.14 |
| 1997-05-01 | 7.94 |
| 1997-06-01 | 7.69 |
| 1997-07-01 | 7.50 |
| 1997-08-01 | 7.48 |
| 1997-09-01 | 7.43 |
| 1997-10-01 | 7.29 |
| 1997-11-01 | 7.21 |
| 1997-12-01 | 7.10 |
| 1998-01-01 | 6.99 |
| 1998-02-01 | 7.04 |
| 1998-03-01 | 7.13 |
| 1998-04-01 | 7.14 |
| 1998-05-01 | 7.14 |
| 1998-06-01 | 7.00 |
| 1998-07-01 | 6.95 |
| 1998-08-01 | 6.92 |
| 1998-09-01 | 6.72 |
| 1998-10-01 | 6.71 |
| 1998-11-01 | 6.87 |
| 1998-12-01 | 6.72 |
| 1999-01-01 | 6.79 |
| 1999-02-01 | 6.81 |
| 1999-03-01 | 7.04 |
| 1999-04-01 | 6.92 |
| 1999-05-01 | 7.15 |
| 1999-06-01 | 7.55 |
| 1999-07-01 | 7.63 |
| 1999-08-01 | 7.94 |
| 1999-09-01 | 7.82 |
| 1999-10-01 | 7.85 |
| 1999-11-01 | 7.74 |
| 1999-12-01 | 7.91 |
| 2000-01-01 | 8.21 |
| 2000-02-01 | 8.33 |
| 2000-03-01 | 8.24 |
| 2000-04-01 | 8.15 |
| 2000-05-01 | 8.52 |
| 2000-06-01 | 8.29 |
| 2000-07-01 | 8.15 |
| 2000-08-01 | 8.03 |
| 2000-09-01 | 7.91 |
| 2000-10-01 | 7.80 |
| 2000-11-01 | 7.75 |
| 2000-12-01 | 7.38 |
| 2001-01-01 | 7.03 |
| 2001-02-01 | 7.05 |
| 2001-03-01 | 6.95 |
| 2001-04-01 | 7.08 |
| 2001-05-01 | 7.15 |
| 2001-06-01 | 7.16 |
| 2001-07-01 | 7.13 |
| 2001-08-01 | 6.95 |
| 2001-09-01 | 6.82 |
| 2001-10-01 | 6.62 |
| 2001-11-01 | 6.66 |
| 2001-12-01 | 7.07 |
| 2002-01-01 | 7.00 |
| 2002-02-01 | 6.89 |
| 2002-03-01 | 7.01 |
| 2002-04-01 | 6.99 |
| 2002-05-01 | 6.81 |
| 2002-06-01 | 6.65 |
| 2002-07-01 | 6.49 |
| 2002-08-01 | 6.29 |
| 2002-09-01 | 6.09 |
| 2002-10-01 | 6.11 |
| 2002-11-01 | 6.07 |
| 2002-12-01 | 6.05 |
| 2003-01-01 | 5.92 |
| 2003-02-01 | 5.84 |
| 2003-03-01 | 5.75 |
| 2003-04-01 | 5.81 |
| 2003-05-01 | 5.48 |
| 2003-06-01 | 5.23 |
| 2003-07-01 | 5.63 |
| 2003-08-01 | 6.26 |
| 2003-09-01 | 6.15 |
| 2003-10-01 | 5.95 |
| 2003-11-01 | 5.93 |
| 2003-12-01 | 5.88 |
| 2004-01-01 | 5.74 |
| 2004-02-01 | 5.64 |
| 2004-03-01 | 5.45 |
| 2004-04-01 | 5.83 |
| 2004-05-01 | 6.27 |
| 2004-06-01 | 6.29 |
| 2004-07-01 | 6.06 |
| 2004-08-01 | 5.87 |
| 2004-09-01 | 5.75 |
| 2004-10-01 | 5.72 |
| 2004-11-01 | 5.73 |
| 2004-12-01 | 5.75 |
| 2005-01-01 | 5.71 |
| 2005-02-01 | 5.63 |
| 2005-03-01 | 5.93 |
| 2005-04-01 | 5.86 |
| 2005-05-01 | 5.72 |
| 2005-06-01 | 5.58 |
| 2005-07-01 | 5.70 |
| 2005-08-01 | 5.82 |
| 2005-09-01 | 5.77 |
| 2005-10-01 | 6.07 |
| 2005-11-01 | 6.33 |
| 2005-12-01 | 6.27 |
| 2006-01-01 | 6.15 |
| 2006-02-01 | 6.25 |
| 2006-03-01 | 6.32 |
| 2006-04-01 | 6.51 |
| 2006-05-01 | 6.60 |
| 2006-06-01 | 6.68 |
| 2006-07-01 | 6.76 |
| 2006-08-01 | 6.52 |
| 2006-09-01 | 6.40 |
| 2006-10-01 | 6.36 |
| 2006-11-01 | 6.24 |
| 2006-12-01 | 6.14 |
| 2007-01-01 | 6.22 |
| 2007-02-01 | 6.29 |
| 2007-03-01 | 6.16 |
| 2007-04-01 | 6.18 |
| 2007-05-01 | 6.26 |
| 2007-06-01 | 6.66 |
| 2007-07-01 | 6.70 |
| 2007-08-01 | 6.57 |
| 2007-09-01 | 6.38 |
| 2007-10-01 | 6.38 |
| 2007-11-01 | 6.21 |
| 2007-12-01 | 6.10 |
| 2008-01-01 | 5.76 |
| 2008-02-01 | 5.92 |
| 2008-03-01 | 5.97 |
| 2008-04-01 | 5.92 |
| 2008-05-01 | 6.04 |
| 2008-06-01 | 6.32 |
| 2008-07-01 | 6.43 |
| 2008-08-01 | 6.48 |
| 2008-09-01 | 6.04 |
| 2008-10-01 | 6.20 |
| 2008-11-01 | 6.09 |
| 2008-12-01 | 5.33 |
| 2009-01-01 | 5.06 |
| 2009-02-01 | 5.13 |
| 2009-03-01 | 5.00 |
| 2009-04-01 | 4.81 |
| 2009-05-01 | 4.86 |
| 2009-06-01 | 5.42 |
| 2009-07-01 | 5.22 |
| 2009-08-01 | 5.19 |
| 2009-09-01 | 5.06 |
| 2009-10-01 | 4.95 |
| 2009-11-01 | 4.88 |
| 2009-12-01 | 4.93 |
| 2010-01-01 | 5.03 |
| 2010-02-01 | 4.99 |
| 2010-03-01 | 4.97 |
| 2010-04-01 | 5.10 |
| 2010-05-01 | 4.89 |
| 2010-06-01 | 4.74 |
| 2010-07-01 | 4.56 |
| 2010-08-01 | 4.43 |
| 2010-09-01 | 4.35 |
| 2010-10-01 | 4.23 |
| 2010-11-01 | 4.30 |
| 2010-12-01 | 4.71 |
| 2011-01-01 | 4.76 |
| 2011-02-01 | 4.95 |
| 2011-03-01 | 4.84 |
| 2011-04-01 | 4.84 |
| 2011-05-01 | 4.64 |
| 2011-06-01 | 4.51 |
| 2011-07-01 | 4.55 |
| 2011-08-01 | 4.27 |
| 2011-09-01 | 4.11 |
| 2011-10-01 | 4.07 |
| 2011-11-01 | 3.99 |
| 2011-12-01 | 3.96 |
| 2012-01-01 | 3.92 |
| 2012-02-01 | 3.89 |
| 2012-03-01 | 3.95 |
| 2012-04-01 | 3.91 |
| 2012-05-01 | 3.80 |
| 2012-06-01 | 3.68 |
| 2012-07-01 | 3.55 |
| 2012-08-01 | 3.60 |
| 2012-09-01 | 3.50 |
| 2012-10-01 | 3.38 |
| 2012-11-01 | 3.35 |
| 2012-12-01 | 3.35 |
| 2013-01-01 | 3.41 |
| 2013-02-01 | 3.53 |
| 2013-03-01 | 3.57 |
| 2013-04-01 | 3.45 |
| 2013-05-01 | 3.54 |
| 2013-06-01 | 4.07 |
| 2013-07-01 | 4.37 |
| 2013-08-01 | 4.46 |
| 2013-09-01 | 4.49 |
| 2013-10-01 | 4.19 |
| 2013-11-01 | 4.26 |
| 2013-12-01 | 4.46 |
| 2014-01-01 | 4.43 |
| 2014-02-01 | 4.30 |
| 2014-03-01 | 4.34 |
| 2014-04-01 | 4.34 |
| 2014-05-01 | 4.19 |
| 2014-06-01 | 4.16 |
| 2014-07-01 | 4.13 |
| 2014-08-01 | 4.12 |
| 2014-09-01 | 4.16 |
| 2014-10-01 | 4.04 |
| 2014-11-01 | 4.00 |
| 2014-12-01 | 3.86 |
| 2015-01-01 | 3.71 |
| 2015-02-01 | 3.71 |
| 2015-03-01 | 3.77 |
| 2015-04-01 | 3.67 |
| 2015-05-01 | 3.84 |
| 2015-06-01 | 3.98 |
| 2015-07-01 | 4.05 |
| 2015-08-01 | 3.91 |
| 2015-09-01 | 3.89 |
| 2015-10-01 | 3.80 |
| 2015-11-01 | 3.94 |
| 2015-12-01 | 3.96 |
| 2016-01-01 | 3.87 |
| 2016-02-01 | 3.66 |
| 2016-03-01 | 3.69 |
| 2016-04-01 | 3.61 |
| 2016-05-01 | 3.60 |
| 2016-06-01 | 3.57 |
| 2016-07-01 | 3.44 |
| 2016-08-01 | 3.44 |
| 2016-09-01 | 3.46 |
The graphical representation of the monthly data of interest rate for 30-year conventional mortgage since 1975 is as follows:
The monthly data bank prime rate since 1975 is as follows:
| Date | Bank prime rate: monthly |
| 1975-01-01 | 10.05 |
| 1975-02-01 | 8.96 |
| 1975-03-01 | 7.93 |
| 1975-04-01 | 7.50 |
| 1975-05-01 | 7.40 |
| 1975-06-01 | 7.07 |
| 1975-07-01 | 7.15 |
| 1975-08-01 | 7.66 |
| 1975-09-01 | 7.88 |
| 1975-10-01 | 7.96 |
| 1975-11-01 | 7.53 |
| 1975-12-01 | 7.26 |
| 1976-01-01 | 7.00 |
| 1976-02-01 | 6.75 |
| 1976-03-01 | 6.75 |
| 1976-04-01 | 6.75 |
| 1976-05-01 | 6.75 |
| 1976-06-01 | 7.20 |
| 1976-07-01 | 7.25 |
| 1976-08-01 | 7.01 |
| 1976-09-01 | 7.00 |
| 1976-10-01 | 6.77 |
| 1976-11-01 | 6.50 |
| 1976-12-01 | 6.35 |
| 1977-01-01 | 6.25 |
| 1977-02-01 | 6.25 |
| 1977-03-01 | 6.25 |
| 1977-04-01 | 6.25 |
| 1977-05-01 | 6.41 |
| 1977-06-01 | 6.75 |
| 1977-07-01 | 6.75 |
| 1977-08-01 | 6.83 |
| 1977-09-01 | 7.13 |
| 1977-10-01 | 7.52 |
| 1977-11-01 | 7.75 |
| 1977-12-01 | 7.75 |
| 1978-01-01 | 7.93 |
| 1978-02-01 | 8.00 |
| 1978-03-01 | 8.00 |
| 1978-04-01 | 8.00 |
| 1978-05-01 | 8.27 |
| 1978-06-01 | 8.63 |
| 1978-07-01 | 9.00 |
| 1978-08-01 | 9.01 |
| 1978-09-01 | 9.41 |
| 1978-10-01 | 9.94 |
| 1978-11-01 | 10.94 |
| 1978-12-01 | 11.55 |
| 1979-01-01 | 11.75 |
| 1979-02-01 | 11.75 |
| 1979-03-01 | 11.75 |
| 1979-04-01 | 11.75 |
| 1979-05-01 | 11.75 |
| 1979-06-01 | 11.65 |
| 1979-07-01 | 11.54 |
| 1979-08-01 | 11.91 |
| 1979-09-01 | 12.90 |
| 1979-10-01 | 14.39 |
| 1979-11-01 | 15.55 |
| 1979-12-01 | 15.30 |
| 1980-01-01 | 15.25 |
| 1980-02-01 | 15.63 |
| 1980-03-01 | 18.31 |
| 1980-04-01 | 19.77 |
| 1980-05-01 | 16.57 |
| 1980-06-01 | 12.63 |
| 1980-07-01 | 11.48 |
| 1980-08-01 | 11.12 |
| 1980-09-01 | 12.23 |
| 1980-10-01 | 13.79 |
| 1980-11-01 | 16.06 |
| 1980-12-01 | 20.35 |
| 1981-01-01 | 20.16 |
| 1981-02-01 | 19.43 |
| 1981-03-01 | 18.05 |
| 1981-04-01 | 17.15 |
| 1981-05-01 | 19.61 |
| 1981-06-01 | 20.03 |
| 1981-07-01 | 20.39 |
| 1981-08-01 | 20.50 |
| 1981-09-01 | 20.08 |
| 1981-10-01 | 18.45 |
| 1981-11-01 | 16.84 |
| 1981-12-01 | 15.75 |
| 1982-01-01 | 15.75 |
| 1982-02-01 | 16.56 |
| 1982-03-01 | 16.50 |
| 1982-04-01 | 16.50 |
| 1982-05-01 | 16.50 |
| 1982-06-01 | 16.50 |
| 1982-07-01 | 16.26 |
| 1982-08-01 | 14.39 |
| 1982-09-01 | 13.50 |
| 1982-10-01 | 12.52 |
| 1982-11-01 | 11.85 |
| 1982-12-01 | 11.50 |
| 1983-01-01 | 11.16 |
| 1983-02-01 | 10.98 |
| 1983-03-01 | 10.50 |
| 1983-04-01 | 10.50 |
| 1983-05-01 | 10.50 |
| 1983-06-01 | 10.50 |
| 1983-07-01 | 10.50 |
| 1983-08-01 | 10.89 |
| 1983-09-01 | 11.00 |
| 1983-10-01 | 11.00 |
| 1983-11-01 | 11.00 |
| 1983-12-01 | 11.00 |
| 1984-01-01 | 11.00 |
| 1984-02-01 | 11.00 |
| 1984-03-01 | 11.21 |
| 1984-04-01 | 11.93 |
| 1984-05-01 | 12.39 |
| 1984-06-01 | 12.60 |
| 1984-07-01 | 13.00 |
| 1984-08-01 | 13.00 |
| 1984-09-01 | 12.97 |
| 1984-10-01 | 12.58 |
| 1984-11-01 | 11.77 |
| 1984-12-01 | 11.06 |
| 1985-01-01 | 10.61 |
| 1985-02-01 | 10.50 |
| 1985-03-01 | 10.50 |
| 1985-04-01 | 10.50 |
| 1985-05-01 | 10.31 |
| 1985-06-01 | 9.78 |
| 1985-07-01 | 9.50 |
| 1985-08-01 | 9.50 |
| 1985-09-01 | 9.50 |
| 1985-10-01 | 9.50 |
| 1985-11-01 | 9.50 |
| 1985-12-01 | 9.50 |
| 1986-01-01 | 9.50 |
| 1986-02-01 | 9.50 |
| 1986-03-01 | 9.10 |
| 1986-04-01 | 8.83 |
| 1986-05-01 | 8.50 |
| 1986-06-01 | 8.50 |
| 1986-07-01 | 8.16 |
| 1986-08-01 | 7.90 |
| 1986-09-01 | 7.50 |
| 1986-10-01 | 7.50 |
| 1986-11-01 | 7.50 |
| 1986-12-01 | 7.50 |
| 1987-01-01 | 7.50 |
| 1987-02-01 | 7.50 |
| 1987-03-01 | 7.50 |
| 1987-04-01 | 7.75 |
| 1987-05-01 | 8.14 |
| 1987-06-01 | 8.25 |
| 1987-07-01 | 8.25 |
| 1987-08-01 | 8.25 |
| 1987-09-01 | 8.70 |
| 1987-10-01 | 9.07 |
| 1987-11-01 | 8.78 |
| 1987-12-01 | 8.75 |
| 1988-01-01 | 8.75 |
| 1988-02-01 | 8.51 |
| 1988-03-01 | 8.50 |
| 1988-04-01 | 8.50 |
| 1988-05-01 | 8.84 |
| 1988-06-01 | 9.00 |
| 1988-07-01 | 9.29 |
| 1988-08-01 | 9.84 |
| 1988-09-01 | 10.00 |
| 1988-10-01 | 10.00 |
| 1988-11-01 | 10.05 |
| 1988-12-01 | 10.50 |
| 1989-01-01 | 10.50 |
| 1989-02-01 | 10.93 |
| 1989-03-01 | 11.50 |
| 1989-04-01 | 11.50 |
| 1989-05-01 | 11.50 |
| 1989-06-01 | 11.07 |
| 1989-07-01 | 10.98 |
| 1989-08-01 | 10.50 |
| 1989-09-01 | 10.50 |
| 1989-10-01 | 10.50 |
| 1989-11-01 | 10.50 |
| 1989-12-01 | 10.50 |
| 1990-01-01 | 10.11 |
| 1990-02-01 | 10.00 |
| 1990-03-01 | 10.00 |
| 1990-04-01 | 10.00 |
| 1990-05-01 | 10.00 |
| 1990-06-01 | 10.00 |
| 1990-07-01 | 10.00 |
| 1990-08-01 | 10.00 |
| 1990-09-01 | 10.00 |
| 1990-10-01 | 10.00 |
| 1990-11-01 | 10.00 |
| 1990-12-01 | 10.00 |
| 1991-01-01 | 9.52 |
| 1991-02-01 | 9.05 |
| 1991-03-01 | 9.00 |
| 1991-04-01 | 9.00 |
| 1991-05-01 | 8.50 |
| 1991-06-01 | 8.50 |
| 1991-07-01 | 8.50 |
| 1991-08-01 | 8.50 |
| 1991-09-01 | 8.20 |
| 1991-10-01 | 8.00 |
| 1991-11-01 | 7.58 |
| 1991-12-01 | 7.21 |
| 1992-01-01 | 6.50 |
| 1992-02-01 | 6.50 |
| 1992-03-01 | 6.50 |
| 1992-04-01 | 6.50 |
| 1992-05-01 | 6.50 |
| 1992-06-01 | 6.50 |
| 1992-07-01 | 6.02 |
| 1992-08-01 | 6.00 |
| 1992-09-01 | 6.00 |
| 1992-10-01 | 6.00 |
| 1992-11-01 | 6.00 |
| 1992-12-01 | 6.00 |
| 1993-01-01 | 6.00 |
| 1993-02-01 | 6.00 |
| 1993-03-01 | 6.00 |
| 1993-04-01 | 6.00 |
| 1993-05-01 | 6.00 |
| 1993-06-01 | 6.00 |
| 1993-07-01 | 6.00 |
| 1993-08-01 | 6.00 |
| 1993-09-01 | 6.00 |
| 1993-10-01 | 6.00 |
| 1993-11-01 | 6.00 |
| 1993-12-01 | 6.00 |
| 1994-01-01 | 6.00 |
| 1994-02-01 | 6.00 |
| 1994-03-01 | 6.06 |
| 1994-04-01 | 6.45 |
| 1994-05-01 | 6.99 |
| 1994-06-01 | 7.25 |
| 1994-07-01 | 7.25 |
| 1994-08-01 | 7.51 |
| 1994-09-01 | 7.75 |
| 1994-10-01 | 7.75 |
| 1994-11-01 | 8.15 |
| 1994-12-01 | 8.50 |
| 1995-01-01 | 8.50 |
| 1995-02-01 | 9.00 |
| 1995-03-01 | 9.00 |
| 1995-04-01 | 9.00 |
| 1995-05-01 | 9.00 |
| 1995-06-01 | 9.00 |
| 1995-07-01 | 8.80 |
| 1995-08-01 | 8.75 |
| 1995-09-01 | 8.75 |
| 1995-10-01 | 8.75 |
| 1995-11-01 | 8.75 |
| 1995-12-01 | 8.65 |
| 1996-01-01 | 8.50 |
| 1996-02-01 | 8.25 |
| 1996-03-01 | 8.25 |
| 1996-04-01 | 8.25 |
| 1996-05-01 | 8.25 |
| 1996-06-01 | 8.25 |
| 1996-07-01 | 8.25 |
| 1996-08-01 | 8.25 |
| 1996-09-01 | 8.25 |
| 1996-10-01 | 8.25 |
| 1996-11-01 | 8.25 |
| 1996-12-01 | 8.25 |
| 1997-01-01 | 8.25 |
| 1997-02-01 | 8.25 |
| 1997-03-01 | 8.30 |
| 1997-04-01 | 8.50 |
| 1997-05-01 | 8.50 |
| 1997-06-01 | 8.50 |
| 1997-07-01 | 8.50 |
| 1997-08-01 | 8.50 |
| 1997-09-01 | 8.50 |
| 1997-10-01 | 8.50 |
| 1997-11-01 | 8.50 |
| 1997-12-01 | 8.50 |
| 1998-01-01 | 8.50 |
| 1998-02-01 | 8.50 |
| 1998-03-01 | 8.50 |
| 1998-04-01 | 8.50 |
| 1998-05-01 | 8.50 |
| 1998-06-01 | 8.50 |
| 1998-07-01 | 8.50 |
| 1998-08-01 | 8.50 |
| 1998-09-01 | 8.49 |
| 1998-10-01 | 8.12 |
| 1998-11-01 | 7.89 |
| 1998-12-01 | 7.75 |
| 1999-01-01 | 7.75 |
| 1999-02-01 | 7.75 |
| 1999-03-01 | 7.75 |
| 1999-04-01 | 7.75 |
| 1999-05-01 | 7.75 |
| 1999-06-01 | 7.75 |
| 1999-07-01 | 8.00 |
| 1999-08-01 | 8.06 |
| 1999-09-01 | 8.25 |
| 1999-10-01 | 8.25 |
| 1999-11-01 | 8.37 |
| 1999-12-01 | 8.50 |
| 2000-01-01 | 8.50 |
| 2000-02-01 | 8.73 |
| 2000-03-01 | 8.83 |
| 2000-04-01 | 9.00 |
| 2000-05-01 | 9.24 |
| 2000-06-01 | 9.50 |
| 2000-07-01 | 9.50 |
| 2000-08-01 | 9.50 |
| 2000-09-01 | 9.50 |
| 2000-10-01 | 9.50 |
| 2000-11-01 | 9.50 |
| 2000-12-01 | 9.50 |
| 2001-01-01 | 9.05 |
| 2001-02-01 | 8.50 |
| 2001-03-01 | 8.32 |
| 2001-04-01 | 7.80 |
| 2001-05-01 | 7.24 |
| 2001-06-01 | 6.98 |
| 2001-07-01 | 6.75 |
| 2001-08-01 | 6.67 |
| 2001-09-01 | 6.28 |
| 2001-10-01 | 5.53 |
| 2001-11-01 | 5.10 |
| 2001-12-01 | 4.84 |
| 2002-01-01 | 4.75 |
| 2002-02-01 | 4.75 |
| 2002-03-01 | 4.75 |
| 2002-04-01 | 4.75 |
| 2002-05-01 | 4.75 |
| 2002-06-01 | 4.75 |
| 2002-07-01 | 4.75 |
| 2002-08-01 | 4.75 |
| 2002-09-01 | 4.75 |
| 2002-10-01 | 4.75 |
| 2002-11-01 | 4.35 |
| 2002-12-01 | 4.25 |
| 2003-01-01 | 4.25 |
| 2003-02-01 | 4.25 |
| 2003-03-01 | 4.25 |
| 2003-04-01 | 4.25 |
| 2003-05-01 | 4.25 |
| 2003-06-01 | 4.22 |
| 2003-07-01 | 4.00 |
| 2003-08-01 | 4.00 |
| 2003-09-01 | 4.00 |
| 2003-10-01 | 4.00 |
| 2003-11-01 | 4.00 |
| 2003-12-01 | 4.00 |
| 2004-01-01 | 4.00 |
| 2004-02-01 | 4.00 |
| 2004-03-01 | 4.00 |
| 2004-04-01 | 4.00 |
| 2004-05-01 | 4.00 |
| 2004-06-01 | 4.01 |
| 2004-07-01 | 4.25 |
| 2004-08-01 | 4.43 |
| 2004-09-01 | 4.58 |
| 2004-10-01 | 4.75 |
| 2004-11-01 | 4.93 |
| 2004-12-01 | 5.15 |
| 2005-01-01 | 5.25 |
| 2005-02-01 | 5.49 |
| 2005-03-01 | 5.58 |
| 2005-04-01 | 5.75 |
| 2005-05-01 | 5.98 |
| 2005-06-01 | 6.01 |
| 2005-07-01 | 6.25 |
| 2005-08-01 | 6.44 |
| 2005-09-01 | 6.59 |
| 2005-10-01 | 6.75 |
| 2005-11-01 | 7.00 |
| 2005-12-01 | 7.15 |
| 2006-01-01 | 7.26 |
| 2006-02-01 | 7.50 |
| 2006-03-01 | 7.53 |
| 2006-04-01 | 7.75 |
| 2006-05-01 | 7.93 |
| 2006-06-01 | 8.02 |
| 2006-07-01 | 8.25 |
| 2006-08-01 | 8.25 |
| 2006-09-01 | 8.25 |
| 2006-10-01 | 8.25 |
| 2006-11-01 | 8.25 |
| 2006-12-01 | 8.25 |
| 2007-01-01 | 8.25 |
| 2007-02-01 | 8.25 |
| 2007-03-01 | 8.25 |
| 2007-04-01 | 8.25 |
| 2007-05-01 | 8.25 |
| 2007-06-01 | 8.25 |
| 2007-07-01 | 8.25 |
| 2007-08-01 | 8.25 |
| 2007-09-01 | 8.03 |
| 2007-10-01 | 7.74 |
| 2007-11-01 | 7.50 |
| 2007-12-01 | 7.33 |
| 2008-01-01 | 6.98 |
| 2008-02-01 | 6.00 |
| 2008-03-01 | 5.66 |
| 2008-04-01 | 5.24 |
| 2008-05-01 | 5.00 |
| 2008-06-01 | 5.00 |
| 2008-07-01 | 5.00 |
| 2008-08-01 | 5.00 |
| 2008-09-01 | 5.00 |
| 2008-10-01 | 4.56 |
| 2008-11-01 | 4.00 |
| 2008-12-01 | 3.61 |
| 2009-01-01 | 3.25 |
| 2009-02-01 | 3.25 |
| 2009-03-01 | 3.25 |
| 2009-04-01 | 3.25 |
| 2009-05-01 | 3.25 |
| 2009-06-01 | 3.25 |
| 2009-07-01 | 3.25 |
| 2009-08-01 | 3.25 |
| 2009-09-01 | 3.25 |
| 2009-10-01 | 3.25 |
| 2009-11-01 | 3.25 |
| 2009-12-01 | 3.25 |
| 2010-01-01 | 3.25 |
| 2010-02-01 | 3.25 |
| 2010-03-01 | 3.25 |
| 2010-04-01 | 3.25 |
| 2010-05-01 | 3.25 |
| 2010-06-01 | 3.25 |
| 2010-07-01 | 3.25 |
| 2010-08-01 | 3.25 |
| 2010-09-01 | 3.25 |
| 2010-10-01 | 3.25 |
| 2010-11-01 | 3.25 |
| 2010-12-01 | 3.25 |
| 2011-01-01 | 3.25 |
| 2011-02-01 | 3.25 |
| 2011-03-01 | 3.25 |
| 2011-04-01 | 3.25 |
| 2011-05-01 | 3.25 |
| 2011-06-01 | 3.25 |
| 2011-07-01 | 3.25 |
| 2011-08-01 | 3.25 |
| 2011-09-01 | 3.25 |
| 2011-10-01 | 3.25 |
| 2011-11-01 | 3.25 |
| 2011-12-01 | 3.25 |
| 2012-01-01 | 3.25 |
| 2012-02-01 | 3.25 |
| 2012-03-01 | 3.25 |
| 2012-04-01 | 3.25 |
| 2012-05-01 | 3.25 |
| 2012-06-01 | 3.25 |
| 2012-07-01 | 3.25 |
| 2012-08-01 | 3.25 |
| 2012-09-01 | 3.25 |
| 2012-10-01 | 3.25 |
| 2012-11-01 | 3.25 |
| 2012-12-01 | 3.25 |
| 2013-01-01 | 3.25 |
| 2013-02-01 | 3.25 |
| 2013-03-01 | 3.25 |
| 2013-04-01 | 3.25 |
| 2013-05-01 | 3.25 |
| 2013-06-01 | 3.25 |
| 2013-07-01 | 3.25 |
| 2013-08-01 | 3.25 |
| 2013-09-01 | 3.25 |
| 2013-10-01 | 3.25 |
| 2013-11-01 | 3.25 |
| 2013-12-01 | 3.25 |
| 2014-01-01 | 3.25 |
| 2014-02-01 | 3.25 |
| 2014-03-01 | 3.25 |
| 2014-04-01 | 3.25 |
| 2014-05-01 | 3.25 |
| 2014-06-01 | 3.25 |
| 2014-07-01 | 3.25 |
| 2014-08-01 | 3.25 |
| 2014-09-01 | 3.25 |
| 2014-10-01 | 3.25 |
| 2014-11-01 | 3.25 |
| 2014-12-01 | 3.25 |
| 2015-01-01 | 3.25 |
| 2015-02-01 | 3.25 |
| 2015-03-01 | 3.25 |
| 2015-04-01 | 3.25 |
| 2015-05-01 | 3.25 |
| 2015-06-01 | 3.25 |
| 2015-07-01 | 3.25 |
| 2015-08-01 | 3.25 |
| 2015-09-01 | 3.25 |
| 2015-10-01 | 3.25 |
| 2015-11-01 | 3.25 |
| 2015-12-01 | 3.37 |
| 2016-01-01 | 3.50 |
| 2016-02-01 | 3.50 |
| 2016-03-01 | 3.50 |
| 2016-04-01 | 3.50 |
| 2016-05-01 | 3.50 |
| 2016-06-01 | 3.50 |
| 2016-07-01 | 3.50 |
| 2016-08-01 | 3.50 |
| 2016-09-01 | 3.50 |
| 2016-10-01 | 3.50 |
| 2016-11-01 | 3.50 |
| 2016-12-01 | 3.64 |
| 2017-01-01 | 3.75 |
| 2017-02-01 | 3.75 |
| 2017-03-01 | 3.88 |
| 2017-04-01 | 4.00 |
| 2017-05-01 | 4.00 |
| 2017-06-01 | 4.13 |
| 2017-07-01 | 4.25 |
| 2017-08-01 | 4.25 |
| 2017-09-01 | 4.25 |
| 2017-10-01 | 4.25 |
| 2017-11-01 | 4.25 |
| 2017-12-01 | 4.40 |
| 2018-01-01 | 4.50 |
| 2018-02-01 | 4.50 |
| 2018-03-01 | 4.58 |
| 2018-04-01 | 4.75 |
| 2018-05-01 | 4.75 |
| 2018-06-01 | 4.89 |
| 2018-07-01 | 5.00 |
| 2018-08-01 | 5.00 |
| 2018-09-01 | 5.03 |
| 2018-10-01 | 5.25 |
| 2018-11-01 | 5.25 |
| 2018-12-01 | 5.35 |
| 2019-01-01 | 5.50 |
The graphical representation of the monthly data bank prime rate since 1975 is as follows:
The monthly data for 10-year Treasury bond yield since 1975 is as follows:
| Date | 10-year Treasury bond yield: monthly |
| 1975-01-01 | 7.50 |
| 1975-02-01 | 7.39 |
| 1975-03-01 | 7.73 |
| 1975-04-01 | 8.23 |
| 1975-05-01 | 8.06 |
| 1975-06-01 | 7.86 |
| 1975-07-01 | 8.06 |
| 1975-08-01 | 8.40 |
| 1975-09-01 | 8.43 |
| 1975-10-01 | 8.14 |
| 1975-11-01 | 8.05 |
| 1975-12-01 | 8.00 |
| 1976-01-01 | 7.74 |
| 1976-02-01 | 7.79 |
| 1976-03-01 | 7.73 |
| 1976-04-01 | 7.56 |
| 1976-05-01 | 7.90 |
| 1976-06-01 | 7.86 |
| 1976-07-01 | 7.83 |
| 1976-08-01 | 7.77 |
| 1976-09-01 | 7.59 |
| 1976-10-01 | 7.41 |
| 1976-11-01 | 7.29 |
| 1976-12-01 | 6.87 |
| 1977-01-01 | 7.21 |
| 1977-02-01 | 7.39 |
| 1977-03-01 | 7.46 |
| 1977-04-01 | 7.37 |
| 1977-05-01 | 7.46 |
| 1977-06-01 | 7.28 |
| 1977-07-01 | 7.33 |
| 1977-08-01 | 7.40 |
| 1977-09-01 | 7.34 |
| 1977-10-01 | 7.52 |
| 1977-11-01 | 7.58 |
| 1977-12-01 | 7.69 |
| 1978-01-01 | 7.96 |
| 1978-02-01 | 8.03 |
| 1978-03-01 | 8.04 |
| 1978-04-01 | 8.15 |
| 1978-05-01 | 8.35 |
| 1978-06-01 | 8.46 |
| 1978-07-01 | 8.64 |
| 1978-08-01 | 8.41 |
| 1978-09-01 | 8.42 |
| 1978-10-01 | 8.64 |
| 1978-11-01 | 8.81 |
| 1978-12-01 | 9.01 |
| 1979-01-01 | 9.10 |
| 1979-02-01 | 9.10 |
| 1979-03-01 | 9.12 |
| 1979-04-01 | 9.18 |
| 1979-05-01 | 9.25 |
| 1979-06-01 | 8.91 |
| 1979-07-01 | 8.95 |
| 1979-08-01 | 9.03 |
| 1979-09-01 | 9.33 |
| 1979-10-01 | 10.30 |
| 1979-11-01 | 10.65 |
| 1979-12-01 | 10.39 |
| 1980-01-01 | 10.80 |
| 1980-02-01 | 12.41 |
| 1980-03-01 | 12.75 |
| 1980-04-01 | 11.47 |
| 1980-05-01 | 10.18 |
| 1980-06-01 | 9.78 |
| 1980-07-01 | 10.25 |
| 1980-08-01 | 11.10 |
| 1980-09-01 | 11.51 |
| 1980-10-01 | 11.75 |
| 1980-11-01 | 12.68 |
| 1980-12-01 | 12.84 |
| 1981-01-01 | 12.57 |
| 1981-02-01 | 13.19 |
| 1981-03-01 | 13.12 |
| 1981-04-01 | 13.68 |
| 1981-05-01 | 14.10 |
| 1981-06-01 | 13.47 |
| 1981-07-01 | 14.28 |
| 1981-08-01 | 14.94 |
| 1981-09-01 | 15.32 |
| 1981-10-01 | 15.15 |
| 1981-11-01 | 13.39 |
| 1981-12-01 | 13.72 |
| 1982-01-01 | 14.59 |
| 1982-02-01 | 14.43 |
| 1982-03-01 | 13.86 |
| 1982-04-01 | 13.87 |
| 1982-05-01 | 13.62 |
| 1982-06-01 | 14.30 |
| 1982-07-01 | 13.95 |
| 1982-08-01 | 13.06 |
| 1982-09-01 | 12.34 |
| 1982-10-01 | 10.91 |
| 1982-11-01 | 10.55 |
| 1982-12-01 | 10.54 |
| 1983-01-01 | 10.46 |
| 1983-02-01 | 10.72 |
| 1983-03-01 | 10.51 |
| 1983-04-01 | 10.40 |
| 1983-05-01 | 10.38 |
| 1983-06-01 | 10.85 |
| 1983-07-01 | 11.38 |
| 1983-08-01 | 11.85 |
| 1983-09-01 | 11.65 |
| 1983-10-01 | 11.54 |
| 1983-11-01 | 11.69 |
| 1983-12-01 | 11.83 |
| 1984-01-01 | 11.67 |
| 1984-02-01 | 11.84 |
| 1984-03-01 | 12.32 |
| 1984-04-01 | 12.63 |
| 1984-05-01 | 13.41 |
| 1984-06-01 | 13.56 |
| 1984-07-01 | 13.36 |
| 1984-08-01 | 12.72 |
| 1984-09-01 | 12.52 |
| 1984-10-01 | 12.16 |
| 1984-11-01 | 11.57 |
| 1984-12-01 | 11.50 |
| 1985-01-01 | 11.38 |
| 1985-02-01 | 11.51 |
| 1985-03-01 | 11.86 |
| 1985-04-01 | 11.43 |
| 1985-05-01 | 10.85 |
| 1985-06-01 | 10.16 |
| 1985-07-01 | 10.31 |
| 1985-08-01 | 10.33 |
| 1985-09-01 | 10.37 |
| 1985-10-01 | 10.24 |
| 1985-11-01 | 9.78 |
| 1985-12-01 | 9.26 |
| 1986-01-01 | 9.19 |
| 1986-02-01 | 8.70 |
| 1986-03-01 | 7.78 |
| 1986-04-01 | 7.30 |
| 1986-05-01 | 7.71 |
| 1986-06-01 | 7.80 |
| 1986-07-01 | 7.30 |
| 1986-08-01 | 7.17 |
| 1986-09-01 | 7.45 |
| 1986-10-01 | 7.43 |
| 1986-11-01 | 7.25 |
| 1986-12-01 | 7.11 |
| 1987-01-01 | 7.08 |
| 1987-02-01 | 7.25 |
| 1987-03-01 | 7.25 |
| 1987-04-01 | 8.02 |
| 1987-05-01 | 8.61 |
| 1987-06-01 | 8.40 |
| 1987-07-01 | 8.45 |
| 1987-08-01 | 8.76 |
| 1987-09-01 | 9.42 |
| 1987-10-01 | 9.52 |
| 1987-11-01 | 8.86 |
| 1987-12-01 | 8.99 |
| 1988-01-01 | 8.67 |
| 1988-02-01 | 8.21 |
| 1988-03-01 | 8.37 |
| 1988-04-01 | 8.72 |
| 1988-05-01 | 9.09 |
| 1988-06-01 | 8.92 |
| 1988-07-01 | 9.06 |
| 1988-08-01 | 9.26 |
| 1988-09-01 | 8.98 |
| 1988-10-01 | 8.80 |
| 1988-11-01 | 8.96 |
| 1988-12-01 | 9.11 |
| 1989-01-01 | 9.09 |
| 1989-02-01 | 9.17 |
| 1989-03-01 | 9.36 |
| 1989-04-01 | 9.18 |
| 1989-05-01 | 8.86 |
| 1989-06-01 | 8.28 |
| 1989-07-01 | 8.02 |
| 1989-08-01 | 8.11 |
| 1989-09-01 | 8.19 |
| 1989-10-01 | 8.01 |
| 1989-11-01 | 7.87 |
| 1989-12-01 | 7.84 |
| 1990-01-01 | 8.21 |
| 1990-02-01 | 8.47 |
| 1990-03-01 | 8.59 |
| 1990-04-01 | 8.79 |
| 1990-05-01 | 8.76 |
| 1990-06-01 | 8.48 |
| 1990-07-01 | 8.47 |
| 1990-08-01 | 8.75 |
| 1990-09-01 | 8.89 |
| 1990-10-01 | 8.72 |
| 1990-11-01 | 8.39 |
| 1990-12-01 | 8.08 |
| 1991-01-01 | 8.09 |
| 1991-02-01 | 7.85 |
| 1991-03-01 | 8.11 |
| 1991-04-01 | 8.04 |
| 1991-05-01 | 8.07 |
| 1991-06-01 | 8.28 |
| 1991-07-01 | 8.27 |
| 1991-08-01 | 7.90 |
| 1991-09-01 | 7.65 |
| 1991-10-01 | 7.53 |
| 1991-11-01 | 7.42 |
| 1991-12-01 | 7.09 |
| 1992-01-01 | 7.03 |
| 1992-02-01 | 7.34 |
| 1992-03-01 | 7.54 |
| 1992-04-01 | 7.48 |
| 1992-05-01 | 7.39 |
| 1992-06-01 | 7.26 |
| 1992-07-01 | 6.84 |
| 1992-08-01 | 6.59 |
| 1992-09-01 | 6.42 |
| 1992-10-01 | 6.59 |
| 1992-11-01 | 6.87 |
| 1992-12-01 | 6.77 |
| 1993-01-01 | 6.60 |
| 1993-02-01 | 6.26 |
| 1993-03-01 | 5.98 |
| 1993-04-01 | 5.97 |
| 1993-05-01 | 6.04 |
| 1993-06-01 | 5.96 |
| 1993-07-01 | 5.81 |
| 1993-08-01 | 5.68 |
| 1993-09-01 | 5.36 |
| 1993-10-01 | 5.33 |
| 1993-11-01 | 5.72 |
| 1993-12-01 | 5.77 |
| 1994-01-01 | 5.75 |
| 1994-02-01 | 5.97 |
| 1994-03-01 | 6.48 |
| 1994-04-01 | 6.97 |
| 1994-05-01 | 7.18 |
| 1994-06-01 | 7.10 |
| 1994-07-01 | 7.30 |
| 1994-08-01 | 7.24 |
| 1994-09-01 | 7.46 |
| 1994-10-01 | 7.74 |
| 1994-11-01 | 7.96 |
| 1994-12-01 | 7.81 |
| 1995-01-01 | 7.78 |
| 1995-02-01 | 7.47 |
| 1995-03-01 | 7.20 |
| 1995-04-01 | 7.06 |
| 1995-05-01 | 6.63 |
| 1995-06-01 | 6.17 |
| 1995-07-01 | 6.28 |
| 1995-08-01 | 6.49 |
| 1995-09-01 | 6.20 |
| 1995-10-01 | 6.04 |
| 1995-11-01 | 5.93 |
| 1995-12-01 | 5.71 |
| 1996-01-01 | 5.65 |
| 1996-02-01 | 5.81 |
| 1996-03-01 | 6.27 |
| 1996-04-01 | 6.51 |
| 1996-05-01 | 6.74 |
| 1996-06-01 | 6.91 |
| 1996-07-01 | 6.87 |
| 1996-08-01 | 6.64 |
| 1996-09-01 | 6.83 |
| 1996-10-01 | 6.53 |
| 1996-11-01 | 6.20 |
| 1996-12-01 | 6.30 |
| 1997-01-01 | 6.58 |
| 1997-02-01 | 6.42 |
| 1997-03-01 | 6.69 |
| 1997-04-01 | 6.89 |
| 1997-05-01 | 6.71 |
| 1997-06-01 | 6.49 |
| 1997-07-01 | 6.22 |
| 1997-08-01 | 6.30 |
| 1997-09-01 | 6.21 |
| 1997-10-01 | 6.03 |
| 1997-11-01 | 5.88 |
| 1997-12-01 | 5.81 |
| 1998-01-01 | 5.54 |
| 1998-02-01 | 5.57 |
| 1998-03-01 | 5.65 |
| 1998-04-01 | 5.64 |
| 1998-05-01 | 5.65 |
| 1998-06-01 | 5.50 |
| 1998-07-01 | 5.46 |
| 1998-08-01 | 5.34 |
| 1998-09-01 | 4.81 |
| 1998-10-01 | 4.53 |
| 1998-11-01 | 4.83 |
| 1998-12-01 | 4.65 |
| 1999-01-01 | 4.72 |
| 1999-02-01 | 5.00 |
| 1999-03-01 | 5.23 |
| 1999-04-01 | 5.18 |
| 1999-05-01 | 5.54 |
| 1999-06-01 | 5.90 |
| 1999-07-01 | 5.79 |
| 1999-08-01 | 5.94 |
| 1999-09-01 | 5.92 |
| 1999-10-01 | 6.11 |
| 1999-11-01 | 6.03 |
| 1999-12-01 | 6.28 |
| 2000-01-01 | 6.66 |
| 2000-02-01 | 6.52 |
| 2000-03-01 | 6.26 |
| 2000-04-01 | 5.99 |
| 2000-05-01 | 6.44 |
| 2000-06-01 | 6.10 |
| 2000-07-01 | 6.05 |
| 2000-08-01 | 5.83 |
| 2000-09-01 | 5.80 |
| 2000-10-01 | 5.74 |
| 2000-11-01 | 5.72 |
| 2000-12-01 | 5.24 |
| 2001-01-01 | 5.16 |
| 2001-02-01 | 5.10 |
| 2001-03-01 | 4.89 |
| 2001-04-01 | 5.14 |
| 2001-05-01 | 5.39 |
| 2001-06-01 | 5.28 |
| 2001-07-01 | 5.24 |
| 2001-08-01 | 4.97 |
| 2001-09-01 | 4.73 |
| 2001-10-01 | 4.57 |
| 2001-11-01 | 4.65 |
| 2001-12-01 | 5.09 |
| 2002-01-01 | 5.04 |
| 2002-02-01 | 4.91 |
| 2002-03-01 | 5.28 |
| 2002-04-01 | 5.21 |
| 2002-05-01 | 5.16 |
| 2002-06-01 | 4.93 |
| 2002-07-01 | 4.65 |
| 2002-08-01 | 4.26 |
| 2002-09-01 | 3.87 |
| 2002-10-01 | 3.94 |
| 2002-11-01 | 4.05 |
| 2002-12-01 | 4.03 |
| 2003-01-01 | 4.05 |
| 2003-02-01 | 3.90 |
| 2003-03-01 | 3.81 |
| 2003-04-01 | 3.96 |
| 2003-05-01 | 3.57 |
| 2003-06-01 | 3.33 |
| 2003-07-01 | 3.98 |
| 2003-08-01 | 4.45 |
| 2003-09-01 | 4.27 |
| 2003-10-01 | 4.29 |
| 2003-11-01 | 4.30 |
| 2003-12-01 | 4.27 |
| 2004-01-01 | 4.15 |
| 2004-02-01 | 4.08 |
| 2004-03-01 | 3.83 |
| 2004-04-01 | 4.35 |
| 2004-05-01 | 4.72 |
| 2004-06-01 | 4.73 |
| 2004-07-01 | 4.50 |
| 2004-08-01 | 4.28 |
| 2004-09-01 | 4.13 |
| 2004-10-01 | 4.10 |
| 2004-11-01 | 4.19 |
| 2004-12-01 | 4.23 |
| 2005-01-01 | 4.22 |
| 2005-02-01 | 4.17 |
| 2005-03-01 | 4.50 |
| 2005-04-01 | 4.34 |
| 2005-05-01 | 4.14 |
| 2005-06-01 | 4.00 |
| 2005-07-01 | 4.18 |
| 2005-08-01 | 4.26 |
| 2005-09-01 | 4.20 |
| 2005-10-01 | 4.46 |
| 2005-11-01 | 4.54 |
| 2005-12-01 | 4.47 |
| 2006-01-01 | 4.42 |
| 2006-02-01 | 4.57 |
| 2006-03-01 | 4.72 |
| 2006-04-01 | 4.99 |
| 2006-05-01 | 5.11 |
| 2006-06-01 | 5.11 |
| 2006-07-01 | 5.09 |
| 2006-08-01 | 4.88 |
| 2006-09-01 | 4.72 |
| 2006-10-01 | 4.73 |
| 2006-11-01 | 4.60 |
| 2006-12-01 | 4.56 |
| 2007-01-01 | 4.76 |
| 2007-02-01 | 4.72 |
| 2007-03-01 | 4.56 |
| 2007-04-01 | 4.69 |
| 2007-05-01 | 4.75 |
| 2007-06-01 | 5.10 |
| 2007-07-01 | 5.00 |
| 2007-08-01 | 4.67 |
| 2007-09-01 | 4.52 |
| 2007-10-01 | 4.53 |
| 2007-11-01 | 4.15 |
| 2007-12-01 | 4.10 |
| 2008-01-01 | 3.74 |
| 2008-02-01 | 3.74 |
| 2008-03-01 | 3.51 |
| 2008-04-01 | 3.68 |
| 2008-05-01 | 3.88 |
| 2008-06-01 | 4.10 |
| 2008-07-01 | 4.01 |
| 2008-08-01 | 3.89 |
| 2008-09-01 | 3.69 |
| 2008-10-01 | 3.81 |
| 2008-11-01 | 3.53 |
| 2008-12-01 | 2.42 |
| 2009-01-01 | 2.52 |
| 2009-02-01 | 2.87 |
| 2009-03-01 | 2.82 |
| 2009-04-01 | 2.93 |
| 2009-05-01 | 3.29 |
| 2009-06-01 | 3.72 |
| 2009-07-01 | 3.56 |
| 2009-08-01 | 3.59 |
| 2009-09-01 | 3.40 |
| 2009-10-01 | 3.39 |
| 2009-11-01 | 3.40 |
| 2009-12-01 | 3.59 |
| 2010-01-01 | 3.73 |
| 2010-02-01 | 3.69 |
| 2010-03-01 | 3.73 |
| 2010-04-01 | 3.85 |
| 2010-05-01 | 3.42 |
| 2010-06-01 | 3.20 |
| 2010-07-01 | 3.01 |
| 2010-08-01 | 2.70 |
| 2010-09-01 | 2.65 |
| 2010-10-01 | 2.54 |
| 2010-11-01 | 2.76 |
| 2010-12-01 | 3.29 |
| 2011-01-01 | 3.39 |
| 2011-02-01 | 3.58 |
| 2011-03-01 | 3.41 |
| 2011-04-01 | 3.46 |
| 2011-05-01 | 3.17 |
| 2011-06-01 | 3.00 |
| 2011-07-01 | 3.00 |
| 2011-08-01 | 2.30 |
| 2011-09-01 | 1.98 |
| 2011-10-01 | 2.15 |
| 2011-11-01 | 2.01 |
| 2011-12-01 | 1.98 |
| 2012-01-01 | 1.97 |
| 2012-02-01 | 1.97 |
| 2012-03-01 | 2.17 |
| 2012-04-01 | 2.05 |
| 2012-05-01 | 1.80 |
| 2012-06-01 | 1.62 |
| 2012-07-01 | 1.53 |
| 2012-08-01 | 1.68 |
| 2012-09-01 | 1.72 |
| 2012-10-01 | 1.75 |
| 2012-11-01 | 1.65 |
| 2012-12-01 | 1.72 |
| 2013-01-01 | 1.91 |
| 2013-02-01 | 1.98 |
| 2013-03-01 | 1.96 |
| 2013-04-01 | 1.76 |
| 2013-05-01 | 1.93 |
| 2013-06-01 | 2.30 |
| 2013-07-01 | 2.58 |
| 2013-08-01 | 2.74 |
| 2013-09-01 | 2.81 |
| 2013-10-01 | 2.62 |
| 2013-11-01 | 2.72 |
| 2013-12-01 | 2.90 |
| 2014-01-01 | 2.86 |
| 2014-02-01 | 2.71 |
| 2014-03-01 | 2.72 |
| 2014-04-01 | 2.71 |
| 2014-05-01 | 2.56 |
| 2014-06-01 | 2.60 |
| 2014-07-01 | 2.54 |
| 2014-08-01 | 2.42 |
| 2014-09-01 | 2.53 |
| 2014-10-01 | 2.30 |
| 2014-11-01 | 2.33 |
| 2014-12-01 | 2.21 |
| 2015-01-01 | 1.88 |
| 2015-02-01 | 1.98 |
| 2015-03-01 | 2.04 |
| 2015-04-01 | 1.94 |
| 2015-05-01 | 2.20 |
| 2015-06-01 | 2.36 |
| 2015-07-01 | 2.32 |
| 2015-08-01 | 2.17 |
| 2015-09-01 | 2.17 |
| 2015-10-01 | 2.07 |
| 2015-11-01 | 2.26 |
| 2015-12-01 | 2.24 |
| 2016-01-01 | 2.09 |
| 2016-02-01 | 1.78 |
| 2016-03-01 | 1.89 |
| 2016-04-01 | 1.81 |
| 2016-05-01 | 1.81 |
| 2016-06-01 | 1.64 |
| 2016-07-01 | 1.50 |
| 2016-08-01 | 1.56 |
| 2016-09-01 | 1.63 |
| 2016-10-01 | 1.76 |
| 2016-11-01 | 2.14 |
| 2016-12-01 | 2.49 |
| 2017-01-01 | 2.43 |
| 2017-02-01 | 2.42 |
| 2017-03-01 | 2.48 |
| 2017-04-01 | 2.30 |
| 2017-05-01 | 2.30 |
| 2017-06-01 | 2.19 |
| 2017-07-01 | 2.32 |
| 2017-08-01 | 2.21 |
| 2017-09-01 | 2.20 |
| 2017-10-01 | 2.36 |
| 2017-11-01 | 2.35 |
| 2017-12-01 | 2.40 |
| 2018-01-01 | 2.58 |
| 2018-02-01 | 2.86 |
| 2018-03-01 | 2.84 |
| 2018-04-01 | 2.87 |
| 2018-05-01 | 2.98 |
| 2018-06-01 | 2.91 |
| 2018-07-01 | 2.89 |
| 2018-08-01 | 2.89 |
| 2018-09-01 | 3.00 |
| 2018-10-01 | 3.15 |
| 2018-11-01 | 3.12 |
| 2018-12-01 | 2.83 |
| 2019-01-01 | 2.71 |
The graphical representation of the monthly data for the 10-year Treasury bond yield since 1975 is as follows:
From the above diagrams, it is concluded that the prime rate charged by banks tends to be the highest and the interest rate on three-month Treasury bills tends to be the lowest.
The remaining three interest rates, that is, the yield on high-grade corporate bonds, the 30-year conventional mortgage rate, and the yield on ten-year Treasury bonds move together.
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Students have asked these similar questions
EXERCISE 10.9 LIMITS ON LENDING
Many countries have policies that limit how much interest a moneylender can charge on a loan.
Do you think these limits are a good idea?
Who benefits from the laws and who loses?
What are likely to be the long-term effects of such laws?
Tips:
For Question 2, you may think about how a low interest rate would affect the poor and those who owe huge debts.
For Question 3, you may think about how it would affect the profitability of the banking sector and the supply of lending (will lenders be encouraged to lend more?), and what implications it may have for "credit rationing" (being credit constrained).
What group of people benefits from a higher interest rate? Explain how they benefit.
The following graph shows the loanable funds market. For each of the given scenarios, adjust the appropriate curve on the graph to help you complete
the questions that follow. Consider each scenario separately by returning the graph to its starting position when moving from one scenario to the next.
(Note: You will not be graded on any changes you make to the graph.)
14
INTEREST RATE (Percent)
Demand
Supply
LOANABLE FUNDS (Billions of dollars)
Scenario 1: Suppose savers either buy bonds or make deposits in savings accounts at banks. Initially, the interest income earned on bonds or deposits
is taxed at a rate of 18%. Now suppose there is a decrease in the tax rate on interest income, from 18% to 14%.
Shift the appropriate curve on the graph to reflect this change.
Demand
Shift the appropriate curve on the graph to reflect this change.
This change in the tax treatment of saving causes the equilibrium interest rate in the market for loanable funds to and the level of investment
spending…
Chapter 4 Solutions
Macroeconomics
Ch. 4 - Prob. 1RQCh. 4 - Prob. 2RQCh. 4 - Prob. 3RQCh. 4 - Prob. 4RQCh. 4 - Prob. 5RQCh. 4 - Prob. 6RQCh. 4 - Prob. 7RQCh. 4 - Prob. 8RQCh. 4 - Prob. 9RQCh. 4 - Prob. 10RQ
Ch. 4 - Prob. 1NPCh. 4 - Prob. 2NPCh. 4 - Prob. 3NPCh. 4 - Prob. 4NPCh. 4 - Prob. 5NPCh. 4 - Prob. 6NPCh. 4 - Prob. 7NPCh. 4 - Prob. 8NPCh. 4 - Prob. 9NPCh. 4 - Prob. 1APCh. 4 - Prob. 2APCh. 4 - Prob. 3APCh. 4 - Prob. 4APCh. 4 - Prob. 5APCh. 4 - Prob. 6APCh. 4 - Prob. 7APCh. 4 - Prob. 5WWMDCh. 4 - Prob. 6WWMD
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Similar questions
- For each of the following pairs, which bond would you expect to pay a higher interest rate? Explain! a bond of the U.S. government or a bond of an East European government a bond that repays the principal in year 2015 or a bond that repays the principal in year 2040 a bond from Coca-Cola or a bond from a software company you run in your garage a bond issued by the federal government or a bond issued by New York State 2. Many workers hold large amounts of stock issued by the firms at which they work. Why do you suppose companies encourage this behavior? Why might a person not want to hold stock in the company where he works? 3. Economists in Funlandia, a closed economy, have collected the following information about the economy for a particular year: Y = 10,000; C = 6,000; T = 1,500; G = 1,700. The economists also estimate that the investment function is: I =3,300 –100r where r is the country’s real interest rate, expressed as a percentage. Calculate private saving, public saving,…arrow_forwardMany countries have policies that limit how much interest a moneylender can charge on a loan. Do you think these limits are a good idea? Who benefits from the laws and who loses? What are likely to be the long-term effects of such laws? Tips: For part 2, you may think about how a low interest rate would affect the poor and those who owe huge debts. For part 3, you may think about how it would affect the profitability of the banking sector and the supply of lending (will lenders be encouraged to lend more?), and what implications it may have for "credit rationing" (being credit constrained).arrow_forwardImagine that a local water company issued $10,000 ten-year bond at an interest rate of 6%. You are thinking about buying this bond one year before the end of the ten years, but interest rates are now 9%. a. Given the change in interest rates, would you expect to pay more or less than $10,000 for the bond? b. Calculate what you would actually be willing to pay for this bond.arrow_forward
- Graphically Show each scenario of the market for loanable funds and graph the supply and demand for each of the 4 scenarios. Draw the shift occurring (Supply or Demand) and explain what happens to the equilibrium interest rate in for each of the 4 scenarios 1. A breakthrough in medical technology results in many hospitals wanting to buy new equipment. 2. The government budget deficit is reduced by 50%. 3. Foreign investors buy residential property in the United States. 4. People around the world are worried about financial stability in their countries and choose to move their wealth to U.S. financial markets.arrow_forwardUsing the loanable funds theory, illustrate the effect of the following on the level of interest rates.A. An increase in expected future income. B. An increase in income levels which would result in an increase in the level of savings.arrow_forwardSuppose the government changes the tax code, allowing individuals to reduce their taxable income if they save money in registered retirement savings plans (RRSPs). Your response should answer the following questions: State and explain which loanable funds curve would this policy affect? Which way would the loanable funds curve shift? What would be the impact on interest rates? Draw the loanable funds diagram to illustrate your answers for a to c.arrow_forward
- discuss the relationship between the coupon rate, the market rate of interest and the price of bond?arrow_forwardDescribe how interest could be good or bad, depending on the situation, and explain why interest rates are currently so low?arrow_forwardThe following graph shows the market for loanable funds. For each of the given scenarios, adjust the appropriate curve on the graph to help you complete the questions that follow. NOTE: the first dropdown question options are (fall or rise), the seconds are (decrease or increase), the thirds are (fall or rise), the fourths are (fall or rise), the fifths are (deficit or surplus), the sixths are (decreases or increases), the sevenths are (fall or rise), and the last ones is (crowding out ot increasing)arrow_forward
- Suppose a bond pays annual interest of $50. Compute the interest rate per year that a bondholder can earn for each face value in the following table. Face Value Interest Rate per Year (Dollars) 200 500 1,000 (Percentage) If the annual interest paid stays the same and the face value of the bond goes up, then the interest rate paid for the bond per yeararrow_forwardYou would expect a bond of the U.S. government to pay interest rate as compared to a bond of an Eastern European government. You would expect a bond that repays the principal in year 2040 and a bond that repays the principal in year 2020 to pay different interest rates because of differences in the bonds' You would expect a bond from a software company you run in your garage and a bond from Coca-Cola to pay different interest rates because of differences in the bonds. You would expect a bond issued by New York State to pay interest rate as compared to a bond issued by the federal government.arrow_forward
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