Capitalytics

**Regression for 6-month Treasury Yield**

	Dependent variable (+/- SE):

	6-month Treasury Yield

Constant	8.421 (+/- 4.912)
	p = 0.098^*
Nominal GDP growth	0.072 (+/- 0.017)
	p = 0.0003^***
Real disposable income growth	0.394 (+/- 0.052)
	p = 0.00000^***
Nominal disposable income growth	-0.367 (+/- 0.049)
	p = 0.00000^***
Unemployment Rate	0.807 (+/- 0.151)
	p = 0.00002^***
CPI Inflation Rate	0.217 (+/- 0.046)
	p = 0.0001^***
Dow Total Stock Market Index	-0.0002 (+/- 0.00004)
	p = 0.00003^***
Home Price Index	0.135 (+/- 0.017)
	p = 0.000^***
US Avg Retail Gasoline Price ($-gal; all grades, all formulations)	0.619 (+/- 0.162)
	p = 0.001^***
30-year Treasury Yield	-58.600 (+/- 10.694)
	p = 0.00001^***
LN_30-year Treasury Yield	92.542 (+/- 15.813)
	p = 0.00001^***
30-year Treasury Yield_2	4.520 (+/- 0.881)
	p = 0.00002^***

Observations	40
R²	0.905
Adjusted R²	0.868
Residual Std. Error	0.299 (df = 28)
F Statistic	24.249^*** (df = 11; 28)

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