Capitalytics

**Regression for 1-year Treasury Yield**

	Dependent variable (+/- SE):

	1-year Treasury Yield

Constant	-8.858 (+/- 1.203)
	p = 0.00000^***
Moody's BAA Curve	1.018 (+/- 0.141)
	p = 0.00000^***
Real GDP growth	0.238 (+/- 0.055)
	p = 0.0002^***
Nominal GDP growth	-0.223 (+/- 0.050)
	p = 0.0001^***
Unemployment Rate	-0.183 (+/- 0.056)
	p = 0.003^***
Commercial Real Estate Price Index	0.025 (+/- 0.002)
	p = 0.000^***

Observations	40
R²	0.869
Adjusted R²	0.850
Residual Std. Error	0.529 (df = 34)
F Statistic	45.207^*** (df = 5; 34)

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