Capitalytics

**Regression for 6-month Treasury Yield**

	Dependent variable (+/- SE):

	6-month Treasury Yield

Constant	-18.772 (+/- 4.760)
	p = 0.0005^***
Real disposable income growth	0.233 (+/- 0.036)
	p = 0.00000^***
Nominal disposable income growth	-0.215 (+/- 0.036)
	p = 0.00001^***
Unemployment Rate	-0.530 (+/- 0.070)
	p = 0.00000^***
Commercial Real Estate Price Index	0.023 (+/- 0.004)
	p = 0.00001^***
LN_30-year Treasury Yield	8.156 (+/- 2.915)
	p = 0.009^***
20-year Treasury Yield	18.341 (+/- 4.690)
	p = 0.0005^***
LN_20-year Treasury Yield	-31.722 (+/- 6.580)
	p = 0.00004^***
20-year Treasury Yield_2	-1.417 (+/- 0.479)
	p = 0.006^***

Observations	40
R²	0.953
Adjusted R²	0.941
Residual Std. Error	0.342 (df = 31)
F Statistic	78.172^*** (df = 8; 31)

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