Accessible Version

Summary Part 1: Recent Economic and Financial Developments Part 2: Monetary Policy Part 3: Summary of Economic Projections Abbreviations

Accessible Version

Part 1: Recent Economic and Financial Developments

Figure 1. Net change in payroll employment

Monthly
Thousands of jobs

Period	Total nonfarm	Private
January 2009	-738.0	-748.0
February 2009	-743.0	-748.3
March 2009	-776.0	-777.3
April 2009	-746.3	-779.0
May 2009	-613.7	-627.3
June 2009	-501.0	-506.3
July 2009	-383.3	-331.3
August 2009	-330.0	-303.3
September 2009	-255.7	-214.0
October 2009	-208.0	-209.0
November 2009	-142.7	-141.3
December 2009	-151.7	-162.0
January 2010	-84.7	-73.7
February 2010	-119.3	-100.3
March 2010	30.3	18.3
April 2010	108.3	82.3
May 2010	317.0	143.7
June 2010	211.7	137.7
July 2010	103.3	103.3
August 2010	-76.3	115.7
September 2010	-52.3	112.0
October 2010	66.7	157.3
November 2010	109.3	153.7
December 2010	155.3	149.0
January 2011	72.3	85.3
February 2011	102.3	126.3
March 2011	155.0	179.7
April 2011	255.3	280.0
May 2011	216.0	244.7
June 2011	217.0	226.3
July 2011	130.3	175.3
August 2011	139.3	176.7
September 2011	139.7	200.0
October 2011	187.3	204.3
November 2011	190.7	206.0
December 2011	180.0	189.7
January 2012	230.3	247.7
February 2012	273.7	281.7
March 2012	285.0	288.7
April 2012	194.3	199.3
May 2012	140.0	152.0
June 2012	84.7	89.0
July 2012	108.0	114.0
August 2012	131.7	130.0
September 2012	170.7	172.3
October 2012	172.3	175.7
November 2012	168.3	179.3
December 2012	184.3	197.0
January 2013	196.7	208.0
February 2013	237.0	237.7
March 2013	203.3	209.0
April 2013	202.3	202.3
May 2013	184.0	189.7
June 2013	199.0	209.0
July 2013	170.0	188.0
August 2013	176.0	187.0
September 2013	178.7	180.3
October 2013	218.7	213.7
November 2013	227.0	223.0
December 2013	186.3	191.3
January 2014	170.3	175.7
February 2014	137.3	143.3
March 2014	198.3	194.0
April 2014	248.3	235.3
May 2014	266.0	263.7
June 2014	290.7	270.0
July 2014	257.3	241.3
August 2014	246.3	238.7
September 2014	242.0	241.3
October 2014	252.3	247.0
November 2014	285.0	259.3
December 2014	271.0	254.3
January 2015	256.0	242.0
February 2015	243.3	227.3
March 2015	179.3	171.7
April 2015	208.3	192.0
May 2015	232.0	221.0
June 2015	263.0	249.3
July 2015	260.7	246.0
August 2015	195.0	179.0
September 2015	182.7	172.3
October 2015	198.0	196.7
November 2015	235.7	230.3
December 2015	284.7	264.7
January 2016	201.7	180.7
February 2016	200.7	178.0
March 2016	185.3	158.3
April 2016	225.7	202.3
May 2016	153.3	136.3
June 2016	169.3	162.7
July 2016	211.0	174.7
August 2016	251.0	226.0
September 2016	247.0	216.0
October 2016	177.7	179.0
November 2016	189.3	186.3
December 2016	171.0	168.3
January 2017	212.3	207.0
February 2017	202.7	189.3
March 2017	173.3	165.0
April 2017	160.3	153.0
May 2017	156.0	151.7
June 2017	190.0	181.0
July 2017	187.0	175.0
August 2017	206.7	197.3
September 2017	136.3	134.0
October 2017	155.0	153.0
November 2017	166.0	159.0
December 2017	218.0	209.3
January 2018	188.3	188.3
February 2018	225.0	219.0
March 2018	227.7	221.0
April 2018	236.0	220.3
May 2018	216.0	207.0
June 2018	242.7	228.0
July 2018	236.7	224.3
August 2018	240.7	218.3
September 2018	189.3	175.7
October 2018	222.3	213.0
November 2018	193.7	197.7
December 2018	231.7	230.3
January 2019	240.7	234.0

Note: The data are 3-month moving averages.

Source: Bureau of Labor Statistics via Haver Analytics.

Return to text

Figure 2. Labor force participation rates and employment-to-population ratio

Monthly
Percent

Period	Labor force participation rate	Employment-to-population ratio	Prime-age labor force participation rate
January 2000	67.29	64.59	84.40
February 2000	67.33	64.56	84.40
March 2000	67.26	64.55	84.30
April 2000	67.33	64.74	84.40
May 2000	67.09	64.37	84.10
June 2000	67.11	64.45	84.10
July 2000	66.90	64.20	83.90
August 2000	66.93	64.19	83.80
September 2000	66.86	64.22	83.70
October 2000	66.83	64.24	83.60
November 2000	66.95	64.31	83.80
December 2000	67.02	64.39	83.90
January 2001	67.23	64.42	84.10
February 2001	67.12	64.27	84.10
March 2001	67.16	64.29	84.10
April 2001	66.92	64.00	83.70
May 2001	66.74	63.84	83.80
June 2001	66.69	63.68	83.60
July 2001	66.76	63.70	83.60
August 2001	66.51	63.24	83.50
September 2001	66.77	63.45	83.50
October 2001	66.74	63.17	83.60
November 2001	66.74	63.04	83.50
December 2001	66.71	62.89	83.70
January 2002	66.46	62.68	83.50
February 2002	66.76	62.97	83.70
March 2002	66.64	62.81	83.50
April 2002	66.69	62.73	83.60
May 2002	66.73	62.86	83.60
June 2002	66.61	62.75	83.20
July 2002	66.54	62.68	83.10
August 2002	66.56	62.75	83.20
September 2002	66.73	62.95	83.30
October 2002	66.55	62.75	83.20
November 2002	66.37	62.47	82.90
December 2002	66.32	62.37	83.10
January 2003	66.37	62.49	82.90
February 2003	66.37	62.46	83.00
March 2003	66.28	62.38	83.10
April 2003	66.42	62.41	83.20
May 2003	66.36	62.30	83.10
June 2003	66.54	62.34	83.30
July 2003	66.21	62.13	83.00
August 2003	66.11	62.10	83.00
September 2003	66.07	62.05	82.80
October 2003	66.08	62.14	82.90
November 2003	66.13	62.27	82.80
December 2003	65.94	62.20	82.80
January 2004	66.10	62.33	82.80
February 2004	65.98	62.31	82.70
March 2004	66.03	62.21	82.80
April 2004	65.92	62.26	82.70
May 2004	65.96	62.27	82.80
June 2004	66.07	62.36	82.90
July 2004	66.10	62.46	83.00
August 2004	65.97	62.40	82.70
September 2004	65.83	62.29	82.70
October 2004	65.92	62.33	82.60
November 2004	66.02	62.49	82.70
December 2004	65.91	62.38	82.60
January 2005	65.84	62.38	82.70
February 2005	65.93	62.38	82.80
March 2005	65.88	62.45	82.60
April 2005	66.06	62.66	82.70
May 2005	66.14	62.75	82.90
June 2005	66.06	62.73	82.60
July 2005	66.08	62.80	82.80
August 2005	66.15	62.91	82.90
September 2005	66.15	62.82	82.90
October 2005	66.09	62.81	82.70
November 2005	66.05	62.72	82.70
December 2005	65.97	62.77	82.70
January 2006	66.01	62.91	82.80
February 2006	66.14	62.99	82.90
March 2006	66.15	63.05	83.00
April 2006	66.12	63.00	82.80
May 2006	66.13	63.08	82.80
June 2006	66.19	63.13	82.80
July 2006	66.13	62.99	83.00
August 2006	66.20	63.11	82.90
September 2006	66.11	63.12	82.90
October 2006	66.20	63.27	82.90
November 2006	66.29	63.30	83.00
December 2006	66.37	63.44	83.10
January 2007	66.40	63.31	83.40
February 2007	66.27	63.27	83.20
March 2007	66.25	63.33	83.20
April 2007	65.92	62.96	83.00
May 2007	65.95	63.03	83.00
June 2007	66.05	63.04	82.90
July 2007	65.98	62.90	82.90
August 2007	65.78	62.74	82.90
September 2007	66.00	62.91	82.80
October 2007	65.82	62.71	82.70
November 2007	66.04	62.93	82.90
December 2007	66.02	62.74	83.10
January 2008	66.23	62.93	83.30
February 2008	66.00	62.78	83.20
March 2008	66.06	62.70	83.30
April 2008	65.94	62.66	83.10
May 2008	66.11	62.51	83.10
June 2008	66.05	62.38	83.10
July 2008	66.05	62.23	83.10
August 2008	66.06	62.02	83.20
September 2008	65.95	61.90	83.10
October 2008	66.01	61.72	83.00
November 2008	65.85	61.36	83.00
December 2008	65.80	61.00	82.80
January 2009	65.69	60.56	82.80
February 2009	65.79	60.29	82.80
March 2009	65.56	59.85	82.60
April 2009	65.67	59.78	82.80
May 2009	65.72	59.57	82.90
June 2009	65.65	59.41	82.90
July 2009	65.50	59.31	82.80
August 2009	65.36	59.08	82.80
September 2009	65.09	58.74	82.50
October 2009	65.01	58.52	82.50
November 2009	65.00	58.57	82.40
December 2009	64.62	58.25	82.00
January 2010	64.81	58.45	82.40
February 2010	64.85	58.47	82.30
March 2010	64.92	58.51	82.40
April 2010	65.15	58.69	82.60
May 2010	64.88	58.63	82.30
June 2010	64.63	58.54	82.20
July 2010	64.61	58.51	81.90
August 2010	64.72	58.56	82.00
September 2010	64.61	58.49	82.00
October 2010	64.41	58.32	81.80
November 2010	64.56	58.25	82.00
December 2010	64.32	58.31	81.90
January 2011	64.21	58.34	81.70
February 2011	64.15	58.36	81.60
March 2011	64.17	58.43	81.70
April 2011	64.20	58.37	81.70
May 2011	64.13	58.34	81.70
June 2011	64.03	58.20	81.70
July 2011	63.96	58.21	81.40
August 2011	64.10	58.34	81.60
September 2011	64.20	58.39	81.50
October 2011	64.08	58.42	81.30
November 2011	64.10	58.57	81.50
December 2011	64.01	58.57	81.60
January 2012	63.72	58.44	81.50
February 2012	63.80	58.51	81.50
March 2012	63.79	58.55	81.50
April 2012	63.66	58.45	81.40
May 2012	63.74	58.53	81.40
June 2012	63.78	58.56	81.50
July 2012	63.67	58.47	81.40
August 2012	63.54	58.42	81.40
September 2012	63.65	58.68	81.50
October 2012	63.76	58.79	81.60
November 2012	63.62	58.70	81.20
December 2012	63.69	58.66	81.40
January 2013	63.66	58.57	81.10
February 2013	63.44	58.56	81.00
March 2013	63.27	58.50	81.00
April 2013	63.38	58.58	81.00
May 2013	63.39	58.64	81.20
June 2013	63.43	58.64	81.20
July 2013	63.31	58.70	81.20
August 2013	63.26	58.68	81.00
September 2013	63.24	58.67	81.00
October 2013	62.78	58.26	80.60
November 2013	62.97	58.60	81.00
December 2013	62.89	58.68	80.80
January 2014	62.92	58.79	80.90
February 2014	62.93	58.74	81.10
March 2014	63.10	58.91	81.10
April 2014	62.79	58.87	80.80
May 2014	62.87	58.89	80.70
June 2014	62.83	59.01	81.00
July 2014	62.90	59.03	80.80
August 2014	62.90	59.03	81.10
September 2014	62.81	59.08	80.80
October 2014	62.90	59.29	80.90
November 2014	62.89	59.24	80.90
December 2014	62.78	59.28	80.90
January 2015	62.89	59.33	81.00
February 2015	62.69	59.25	80.90
March 2015	62.63	59.23	80.80
April 2015	62.74	59.33	81.00
May 2015	62.93	59.41	81.00
June 2015	62.64	59.35	80.90
July 2015	62.58	59.32	80.70
August 2015	62.59	59.41	80.70
September 2015	62.37	59.23	80.60
October 2015	62.49	59.34	80.80
November 2015	62.56	59.39	80.90
December 2015	62.75	59.60	81.00
January 2016	62.75	59.68	81.20
February 2016	62.83	59.76	81.10
March 2016	62.93	59.80	81.40
April 2016	62.81	59.68	81.20
May 2016	62.68	59.67	81.10
June 2016	62.71	59.63	81.30
July 2016	62.75	59.72	81.20
August 2016	62.86	59.78	81.30
September 2016	62.89	59.77	81.50
October 2016	62.82	59.75	81.60
November 2016	62.71	59.77	81.40
December 2016	62.72	59.78	81.40
January 2017	62.85	59.87	81.50
February 2017	62.87	59.95	81.60
March 2017	62.90	60.12	81.60
April 2017	62.91	60.16	81.70
May 2017	62.77	60.02	81.60
June 2017	62.80	60.08	81.60
July 2017	62.86	60.14	81.80
August 2017	62.93	60.15	81.70
September 2017	63.07	60.42	81.80
October 2017	62.73	60.15	81.60
November 2017	62.76	60.15	81.80
December 2017	62.72	60.16	81.90
January 2018	62.75	60.16	81.80
February 2018	63.01	60.41	82.10
March 2018	62.87	60.35	82.00
April 2018	62.79	60.33	81.90
May 2018	62.79	60.41	81.80
June 2018	62.93	60.39	82.10
July 2018	62.91	60.49	82.10
August 2018	62.70	60.30	82.00
September 2018	62.74	60.42	81.80
October 2018	62.93	60.57	82.30
November 2018	62.94	60.61	82.20
December 2018	63.05	60.62	82.30
January 2019	63.21	60.68	82.60

Note: The data are monthly. The prime-age labor force participation rate is a percentage of the population aged 25 to 54. The labor force participation rate and the employment-to-population ratio are percentages of the population aged 16 and over.

Source: Bureau of Labor Statistics via Haver Analytics.

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Figure 3. Measures of labor underutilization

Monthly
Percent

Period	Unemployment rate	U-4	U-5	U-6
January 2007	4.6	4.9	5.6	8.4
February 2007	4.5	4.8	5.4	8.2
March 2007	4.4	4.6	5.3	8.0
April 2007	4.5	4.7	5.4	8.2
May 2007	4.4	4.7	5.3	8.2
June 2007	4.6	4.8	5.5	8.3
July 2007	4.7	4.9	5.5	8.4
August 2007	4.6	4.9	5.5	8.4
September 2007	4.7	4.8	5.5	8.4
October 2007	4.7	4.9	5.6	8.4
November 2007	4.7	4.9	5.5	8.4
December 2007	5.0	5.2	5.8	8.8
January 2008	5.0	5.3	6.0	9.2
February 2008	4.9	5.1	5.9	9.0
March 2008	5.1	5.3	5.9	9.1
April 2008	5.0	5.2	5.8	9.2
May 2008	5.4	5.7	6.3	9.7
June 2008	5.6	5.8	6.5	10.1
July 2008	5.8	6.1	6.7	10.5
August 2008	6.1	6.3	7.1	10.8
September 2008	6.1	6.4	7.1	11.0
October 2008	6.5	6.8	7.5	11.8
November 2008	6.8	7.2	8.0	12.6
December 2008	7.3	7.7	8.4	13.6
January 2009	7.8	8.3	9.1	14.2
February 2009	8.3	8.8	9.5	15.2
March 2009	8.7	9.1	9.9	15.8
April 2009	9.0	9.4	10.2	15.9
May 2009	9.4	9.8	10.6	16.5
June 2009	9.5	10.0	10.8	16.5
July 2009	9.5	9.9	10.8	16.4
August 2009	9.6	10.0	10.9	16.7
September 2009	9.8	10.2	11.0	16.7
October 2009	10.0	10.5	11.4	17.1
November 2009	9.9	10.4	11.2	17.1
December 2009	9.9	10.4	11.3	17.1
January 2010	9.8	10.4	11.3	16.7
February 2010	9.8	10.5	11.3	17.0
March 2010	9.9	10.5	11.2	17.1
April 2010	9.9	10.6	11.3	17.1
May 2010	9.6	10.3	10.9	16.6
June 2010	9.4	10.1	10.9	16.4
July 2010	9.4	10.1	11.0	16.4
August 2010	9.5	10.2	10.9	16.5
September 2010	9.5	10.2	10.9	16.8
October 2010	9.4	10.2	11.0	16.6
November 2010	9.8	10.5	11.2	16.9
December 2010	9.3	10.1	10.9	16.6
January 2011	9.1	9.7	10.8	16.2
February 2011	9.0	9.6	10.6	16.0
March 2011	9.0	9.5	10.4	15.9
April 2011	9.1	9.7	10.5	16.1
May 2011	9.0	9.5	10.3	15.8
June 2011	9.1	9.7	10.7	16.1
July 2011	9.0	9.6	10.6	15.9
August 2011	9.0	9.6	10.5	16.1
September 2011	9.0	9.7	10.5	16.4
October 2011	8.8	9.4	10.3	15.8
November 2011	8.6	9.3	10.1	15.5
December 2011	8.5	9.1	10.0	15.2
January 2012	8.3	8.9	9.9	15.2
February 2012	8.3	8.9	9.8	15.0
March 2012	8.2	8.7	9.6	14.5
April 2012	8.2	8.8	9.6	14.6
May 2012	8.2	8.7	9.6	14.7
June 2012	8.2	8.7	9.6	14.8
July 2012	8.2	8.7	9.6	14.8
August 2012	8.1	8.6	9.6	14.6
September 2012	7.8	8.3	9.3	14.8
October 2012	7.8	8.3	9.2	14.4
November 2012	7.7	8.3	9.2	14.4
December 2012	7.9	8.5	9.4	14.4
January 2013	8.0	8.5	9.4	14.6
February 2013	7.7	8.2	9.2	14.4
March 2013	7.5	8.0	8.9	13.8
April 2013	7.6	8.1	8.9	14.0
May 2013	7.5	8.0	8.8	13.8
June 2013	7.5	8.2	9.1	14.2
July 2013	7.3	7.9	8.7	13.8
August 2013	7.2	7.8	8.6	13.6
September 2013	7.2	7.7	8.6	13.5
October 2013	7.2	7.7	8.5	13.6
November 2013	6.9	7.4	8.2	13.1
December 2013	6.7	7.3	8.1	13.1
January 2014	6.6	7.1	8.1	12.7
February 2014	6.7	7.1	8.0	12.6
March 2014	6.7	7.1	7.9	12.6
April 2014	6.2	6.7	7.5	12.3
May 2014	6.3	6.7	7.6	12.2
June 2014	6.1	6.5	7.3	12.0
July 2014	6.2	6.6	7.5	12.1
August 2014	6.1	6.6	7.4	12.0
September 2014	5.9	6.4	7.3	11.7
October 2014	5.7	6.2	7.1	11.5
November 2014	5.8	6.2	7.1	11.4
December 2014	5.6	6.0	6.9	11.2
January 2015	5.7	6.1	7.0	11.3
February 2015	5.5	5.9	6.8	11.0
March 2015	5.4	5.9	6.7	10.8
April 2015	5.4	5.9	6.7	10.8
May 2015	5.6	5.9	6.7	10.9
June 2015	5.3	5.6	6.4	10.4
July 2015	5.2	5.6	6.4	10.3
August 2015	5.1	5.5	6.2	10.2
September 2015	5.0	5.4	6.2	10.0
October 2015	5.0	5.4	6.2	9.8
November 2015	5.1	5.4	6.1	10.0
December 2015	5.0	5.4	6.1	9.9
January 2016	4.9	5.3	6.1	9.8
February 2016	4.9	5.3	6.0	9.7
March 2016	5.0	5.3	6.0	9.8
April 2016	5.0	5.3	6.0	9.7
May 2016	4.8	5.1	5.8	9.9
June 2016	4.9	5.2	6.0	9.5
July 2016	4.8	5.2	6.0	9.7
August 2016	4.9	5.2	5.9	9.6
September 2016	5.0	5.3	6.0	9.7
October 2016	4.9	5.2	5.9	9.6
November 2016	4.7	5.0	5.8	9.4
December 2016	4.7	4.9	5.7	9.2
January 2017	4.7	5.1	5.8	9.3
February 2017	4.7	5.0	5.7	9.1
March 2017	4.4	4.7	5.4	8.7
April 2017	4.4	4.7	5.3	8.6
May 2017	4.4	4.6	5.2	8.5
June 2017	4.3	4.6	5.3	8.5
July 2017	4.3	4.6	5.3	8.5
August 2017	4.4	4.7	5.3	8.6
September 2017	4.2	4.5	5.1	8.3
October 2017	4.1	4.4	5.0	8.0
November 2017	4.2	4.4	5.0	8.0
December 2017	4.1	4.4	5.1	8.1
January 2018	4.1	4.4	5.1	8.2
February 2018	4.1	4.4	5.1	8.2
March 2018	4.0	4.3	4.9	7.9
April 2018	3.9	4.2	4.7	7.8
May 2018	3.8	4.0	4.6	7.7
June 2018	4.0	4.2	4.9	7.8
July 2018	3.9	4.2	4.7	7.5
August 2018	3.8	4.1	4.7	7.4
September 2018	3.7	3.9	4.6	7.5
October 2018	3.8	4.1	4.6	7.5
November 2018	3.7	4.0	4.7	7.6
December 2018	3.9	4.1	4.8	7.6
January 2019	4.0	4.3	4.9	8.1

Note: Unemployment rate measures total unemployed as a percentage of the labor force. U-4 measures total unemployed plus discouraged workers, as a percentage of the labor force plus discouraged workers. Discouraged workers are a subset of marginally attached workers who are not currently looking for work because they believe no jobs are available for them. U-5 measures total unemployed plus all marginally attached to the labor force, as a percentage of the labor force plus persons marginally attached to the labor force. Marginally attached workers are not in the labor force, want and are available for work, and have looked for a job in the past 12 months. U-6 measures total unemployed plus all marginally attached workers plus total employed part time for economic reasons, as a percentage of the labor force plus all marginally attached workers. The shaded bar indicates a period of business recession as defined by the National Bureau of Economic Research: December 2007-June 2009.

Source: Bureau of Labor Statistics via Haver Analytics.

Return to text

Figure 4. Unemployment rate by race and ethnicity

Monthly
Percent

Period	White	Black or African American	Asian	Hispanic or Latino
January 2007	4.2	7.9	3.1	5.5
February 2007	4.1	8.0	2.6	5.1
March 2007	3.8	8.4	3.0	5.0
April 2007	4.0	8.3	3.5	5.6
May 2007	3.9	8.3	3.2	5.8
June 2007	4.1	8.5	2.7	5.5
July 2007	4.2	8.1	2.7	5.9
August 2007	4.2	7.6	3.5	5.5
September 2007	4.2	8.0	3.4	5.9
October 2007	4.1	8.5	3.8	5.7
November 2007	4.2	8.5	3.6	5.9
December 2007	4.4	9.0	3.7	6.3
January 2008	4.4	9.1	3.1	6.3
February 2008	4.4	8.4	2.9	6.2
March 2008	4.5	9.2	3.6	6.9
April 2008	4.4	8.6	3.5	7.1
May 2008	4.8	9.6	4.1	6.9
June 2008	5.0	9.4	4.2	7.6
July 2008	5.2	10.0	3.7	7.5
August 2008	5.4	10.6	4.5	8.0
September 2008	5.4	11.3	4.0	8.0
October 2008	5.9	11.4	3.9	8.8
November 2008	6.2	11.5	4.8	8.7
December 2008	6.7	12.1	5.1	9.4
January 2009	7.1	12.7	6.1	10.1
February 2009	7.6	13.7	6.7	11.3
March 2009	8.0	13.7	6.5	11.7
April 2009	8.1	15.0	6.8	11.4
May 2009	8.5	15.0	7.0	12.3
June 2009	8.7	14.8	7.9	12.1
July 2009	8.7	14.8	8.1	12.5
August 2009	8.9	14.8	7.6	13.0
September 2009	8.9	15.3	7.6	12.6
October 2009	9.2	15.8	7.6	12.8
November 2009	9.2	15.7	7.2	12.4
December 2009	9.0	16.1	8.4	12.8
January 2010	8.8	16.5	8.3	12.9
February 2010	8.9	16.1	8.2	12.7
March 2010	8.9	16.8	7.6	12.9
April 2010	9.0	16.6	7.0	12.5
May 2010	8.7	15.5	7.8	12.0
June 2010	8.6	15.2	7.4	12.3
July 2010	8.5	15.6	7.9	12.2
August 2010	8.6	15.9	7.3	12.0
September 2010	8.6	16.0	6.6	12.3
October 2010	8.6	15.6	7.2	12.3
November 2010	8.9	16.2	7.5	12.9
December 2010	8.5	15.5	7.2	12.9
January 2011	8.1	15.8	6.8	12.3
February 2011	8.1	15.5	6.7	11.8
March 2011	8.0	15.8	7.3	11.6
April 2011	8.1	16.5	6.5	11.9
May 2011	7.9	16.3	7.2	11.6
June 2011	8.1	16.2	6.5	11.5
July 2011	8.0	15.9	7.4	11.2
August 2011	7.9	16.4	7.2	11.2
September 2011	7.9	15.9	8.0	11.2
October 2011	7.9	14.6	7.4	11.3
November 2011	7.7	15.6	6.4	11.2
December 2011	7.5	15.4	6.8	11.1
January 2012	7.4	13.6	6.7	10.7
February 2012	7.4	14.0	6.2	10.9
March 2012	7.3	14.0	6.4	10.6
April 2012	7.4	13.3	5.4	10.3
May 2012	7.4	13.5	5.5	10.9
June 2012	7.3	14.5	6.1	10.9
July 2012	7.3	14.2	5.9	10.2
August 2012	7.2	13.8	5.9	10.1
September 2012	7.0	13.6	4.9	9.7
October 2012	6.9	14.1	4.9	10.0
November 2012	6.8	13.3	6.3	9.9
December 2012	6.9	14.0	6.6	9.6
January 2013	7.1	13.7	6.4	9.7
February 2013	6.8	13.8	6.0	9.7
March 2013	6.7	13.0	5.1	9.3
April 2013	6.7	13.3	5.3	9.0
May 2013	6.7	13.4	4.5	9.0
June 2013	6.6	14.2	4.7	9.1
July 2013	6.5	12.6	5.3	9.4
August 2013	6.4	12.8	5.1	9.2
September 2013	6.3	13.0	5.4	8.8
October 2013	6.3	12.8	5.4	9.1
November 2013	6.1	12.3	5.2	8.7
December 2013	5.9	11.9	4.3	8.3
January 2014	5.7	12.1	4.7	8.3
February 2014	5.8	11.8	5.9	8.2
March 2014	5.8	12.1	5.5	7.9
April 2014	5.3	11.6	5.9	7.2
May 2014	5.4	11.4	5.7	7.7
June 2014	5.3	11.0	4.7	7.8
July 2014	5.3	11.6	4.2	7.7
August 2014	5.3	11.4	4.5	7.4
September 2014	5.1	11.0	4.4	6.8
October 2014	4.9	10.6	5.1	6.8
November 2014	5.0	10.9	4.8	6.6
December 2014	4.7	10.6	4.4	6.4
January 2015	4.9	10.3	4.0	6.7
February 2015	4.7	10.1	4.0	6.8
March 2015	4.8	9.9	3.2	6.8
April 2015	4.7	9.8	4.4	6.8
May 2015	4.8	10.3	4.1	6.8
June 2015	4.6	9.6	3.8	6.8
July 2015	4.5	9.1	4.0	6.9
August 2015	4.4	9.4	3.4	6.6
September 2015	4.4	9.3	3.5	6.2
October 2015	4.4	8.9	3.5	6.3
November 2015	4.4	9.4	3.9	6.4
December 2015	4.4	8.5	4.1	6.2
January 2016	4.3	8.8	3.7	5.8
February 2016	4.2	8.6	3.8	5.4
March 2016	4.3	8.9	4.0	5.5
April 2016	4.4	8.9	3.8	6.1
May 2016	4.2	8.2	4.1	5.6
June 2016	4.3	8.7	3.5	5.9
July 2016	4.2	8.4	3.8	5.5
August 2016	4.4	8.0	4.2	5.6
September 2016	4.4	8.4	3.8	6.4
October 2016	4.4	8.3	3.4	5.7
November 2016	4.2	8.0	3.1	5.7
December 2016	4.2	7.9	2.7	5.9
January 2017	4.3	7.7	3.7	5.8
February 2017	4.0	8.0	3.5	5.5
March 2017	3.9	7.9	3.3	5.0
April 2017	3.8	7.9	3.2	5.1
May 2017	3.8	7.7	3.7	5.1
June 2017	3.8	7.1	3.6	4.9
July 2017	3.7	7.4	3.8	5.2
August 2017	3.8	7.6	4.0	5.1
September 2017	3.7	7.1	3.6	5.1
October 2017	3.5	7.3	3.0	4.9
November 2017	3.7	7.3	3.0	4.8
December 2017	3.7	6.7	2.5	4.9
January 2018	3.5	7.7	3.0	5.0
February 2018	3.7	6.8	3.0	4.9
March 2018	3.6	6.8	3.1	5.1
April 2018	3.5	6.5	2.8	4.8
May 2018	3.5	5.9	2.2	4.9
June 2018	3.5	6.5	3.2	4.6
July 2018	3.3	6.6	3.1	4.5
August 2018	3.4	6.3	3.0	4.7
September 2018	3.3	6.0	3.5	4.5
October 2018	3.3	6.2	3.1	4.4
November 2018	3.4	6.0	2.7	4.5
December 2018	3.4	6.6	3.3	4.4
January 2019	3.5	6.8	3.1	4.9

Note: Unemployment rate measures total unemployed as a percentage of the labor force. Persons whose ethnicity is identified as Hispanic or Latino may be of any race. The shaded bar indicates a period of business recession as defined by the National Bureau of Economic Research: December 2007-June 2009.

Source: Bureau of Labor Statistics via Haver Analytics.

Return to text

Figure 5. Prime-age labor force participation rate by race and ethnicity

Monthly
Percent

Period	White	Black or African American	Asian	Hispanic or Latino
January 2007	83.8	80.3	81.4	80.5
February 2007	83.8	80.3	81.5	80.5
March 2007	83.7	80.5	81.0	80.5
April 2007	83.6	80.6	80.2	80.4
May 2007	83.6	80.6	80.2	80.5
June 2007	83.6	80.2	80.6	80.5
July 2007	83.6	79.9	81.1	80.6
August 2007	83.6	79.7	81.3	80.7
September 2007	83.6	79.8	80.8	80.8
October 2007	83.7	79.7	80.5	80.6
November 2007	83.8	79.8	80.4	80.5
December 2007	83.9	79.6	80.7	80.5
January 2008	83.9	79.7	81.2	80.4
February 2008	83.8	79.9	81.4	80.3
March 2008	83.7	80.4	82.0	80.2
April 2008	83.6	80.6	82.5	80.3
May 2008	83.6	80.8	82.5	80.7
June 2008	83.6	80.7	82.4	80.9
July 2008	83.6	80.8	82.0	80.9
August 2008	83.7	80.9	81.8	80.7
September 2008	83.8	80.7	81.5	80.6
October 2008	83.8	80.5	81.4	80.6
November 2008	83.8	80.2	81.2	80.3
December 2008	83.8	80.1	81.1	80.2
January 2009	83.7	79.8	81.0	80.1
February 2009	83.7	79.7	81.2	80.2
March 2009	83.6	79.3	81.5	80.4
April 2009	83.6	79.1	81.8	80.4
May 2009	83.5	79.1	81.6	80.4
June 2009	83.5	79.2	81.6	80.1
July 2009	83.5	79.3	81.6	80.0
August 2009	83.5	79.2	81.6	79.9
September 2009	83.4	79.0	81.5	79.8
October 2009	83.3	78.7	81.3	79.8
November 2009	83.3	78.7	81.1	79.9
December 2009	83.2	78.8	81.0	79.9
January 2010	83.2	79.2	80.5	80.2
February 2010	83.2	79.3	80.2	80.3
March 2010	83.4	79.4	79.8	80.7
April 2010	83.4	79.2	80.3	80.4
May 2010	83.2	79.2	80.6	80.3
June 2010	83.0	79.1	80.6	80.2
July 2010	82.8	78.8	80.0	80.3
August 2010	82.8	78.5	79.5	80.3
September 2010	82.8	78.4	79.6	80.4
October 2010	82.8	78.5	79.8	80.6
November 2010	82.8	78.6	79.9	80.6
December 2010	82.7	78.7	79.7	80.4
January 2011	82.7	78.5	79.5	80.1
February 2011	82.7	78.2	79.4	79.5
March 2011	82.6	77.9	79.8	79.1
April 2011	82.6	77.8	79.7	79.1
May 2011	82.6	77.7	80.1	79.3
June 2011	82.5	77.6	79.9	79.4
July 2011	82.5	77.5	80.0	79.4
August 2011	82.5	77.5	79.8	79.7
September 2011	82.4	77.7	79.7	79.8
October 2011	82.3	77.8	80.0	79.8
November 2011	82.3	77.9	80.2	79.5
December 2011	82.2	78.1	80.4	79.6
January 2012	82.3	78.3	80.0	79.6
February 2012	82.3	78.3	79.2	79.6
March 2012	82.4	78.0	78.8	79.5
April 2012	82.3	77.8	78.4	79.4
May 2012	82.3	77.6	78.8	79.4
June 2012	82.3	77.6	79.1	79.4
July 2012	82.4	77.7	79.8	79.3
August 2012	82.3	78.3	80.1	79.3
September 2012	82.3	78.5	80.1	79.2
October 2012	82.3	79.0	79.7	79.4
November 2012	82.2	78.7	79.6	79.2
December 2012	82.2	78.6	79.8	79.1
January 2013	82.1	78.0	79.9	78.8
February 2013	82.0	77.8	80.0	78.8
March 2013	81.8	77.6	79.6	78.7
April 2013	81.8	77.6	79.4	78.5
May 2013	81.9	77.8	79.2	78.6
June 2013	81.9	78.0	79.4	78.7
July 2013	82.0	78.1	79.7	79.1
August 2013	81.9	77.8	80.2	78.9
September 2013	81.9	77.7	80.4	78.8
October 2013	81.7	77.5	80.4	78.4
November 2013	81.7	77.7	80.2	78.4
December 2013	81.7	77.5	79.8	78.5
January 2014	81.8	77.4	79.7	78.9
February 2014	81.8	77.6	79.4	78.9
March 2014	81.8	78.0	79.4	79.2
April 2014	81.8	78.1	79.1	79.2
May 2014	81.8	77.6	78.8	79.2
June 2014	81.8	77.6	77.9	79.1
July 2014	81.8	78.1	77.6	79.0
August 2014	81.8	78.6	77.5	79.0
September 2014	81.8	78.6	77.7	79.0
October 2014	81.8	78.2	78.0	79.1
November 2014	81.8	78.0	78.0	79.1
December 2014	81.8	78.1	78.4	79.0
January 2015	81.8	78.2	78.5	78.9
February 2015	81.8	78.4	78.6	78.8
March 2015	81.7	78.5	78.3	78.8
April 2015	81.6	79.0	78.4	78.9
May 2015	81.6	79.2	78.6	79.1
June 2015	81.7	79.1	78.7	79.1
July 2015	81.6	78.6	78.4	79.0
August 2015	81.6	78.4	77.4	78.7
September 2015	81.6	78.1	76.9	78.5
October 2015	81.6	78.2	76.3	78.4
November 2015	81.7	78.2	77.0	78.5
December 2015	81.8	78.2	77.6	78.6
January 2016	81.9	78.3	78.2	78.6
February 2016	81.9	78.5	78.4	78.6
March 2016	82.0	78.7	78.6	78.7
April 2016	82.1	78.6	79.0	78.5
May 2016	82.1	78.5	79.0	78.4
June 2016	82.1	78.4	78.7	78.2
July 2016	82.1	78.5	78.5	78.4
August 2016	82.2	78.7	78.2	79.1
September 2016	82.2	79.0	78.6	79.4
October 2016	82.3	79.2	78.7	79.6
November 2016	82.2	79.4	79.0	79.3
December 2016	82.2	79.5	78.9	79.1
January 2017	82.1	79.5	79.0	79.2
February 2017	82.2	79.4	79.3	79.4
March 2017	82.3	79.3	79.4	79.6
April 2017	82.3	79.5	79.4	79.5
May 2017	82.3	79.6	79.4	79.4
June 2017	82.3	79.7	79.5	79.3
July 2017	82.4	79.8	79.4	79.3
August 2017	82.4	79.8	79.5	79.3
September 2017	82.4	80.0	79.7	79.2
October 2017	82.3	80.0	79.8	79.1
November 2017	82.4	80.1	79.5	79.0
December 2017	82.5	80.2	79.2	79.1
January 2018	82.6	80.0	79.0	79.2
February 2018	82.6	80.1	79.1	79.4
March 2018	82.6	79.9	79.2	79.5
April 2018	82.7	80.0	79.3	79.8
May 2018	82.6	79.9	79.4	79.8
June 2018	82.6	79.9	79.8	79.8
July 2018	82.7	80.0	80.3	79.8
August 2018	82.7	80.1	80.6	79.7
September 2018	82.6	80.1	80.6	79.4
October 2018	82.7	80.3	80.3	79.5
November 2018	82.8	80.3	80.5	79.6
December 2018	83.1	80.3	80.1	80.0
January 2019	83.2	80.1	79.9	80.2

Note: The prime-age labor force participation rate is a percentage of the population aged 25 to 54. Persons whose ethnicity is identified as Hispanic or Latino may be of any race. The data are seasonally adjusted by Board staff and are 3-month moving averages. The shaded bar indicates a period of business recession as defined by the National Bureau of Economic Research: December 2007-June 2009.

Source: Bureau of Labor Statistics.

Return to text

Employment Disparities between Rural and Urban Areas: Figure A. Employment-to-population ratios

Monthly
Percent

Period	Non-MSA	Smaller MSAs	Larger MSAs
January 1996	79.04	80.00	79.86
February 1996	79.10	80.04	79.91
March 1996	79.12	80.01	80.01
April 1996	79.24	80.12	80.10
May 1996	79.33	80.24	80.23
June 1996	79.35	80.37	80.31
July 1996	79.34	80.42	80.36
August 1996	79.32	80.46	80.45
September 1996	79.32	80.52	80.50
October 1996	79.38	80.58	80.58
November 1996	79.47	80.66	80.64
December 1996	79.59	80.70	80.68
January 1997	79.75	80.74	80.72
February 1997	79.86	80.77	80.76
March 1997	79.95	80.89	80.81
April 1997	80.01	80.95	80.87
May 1997	80.07	81.02	80.89
June 1997	80.11	81.04	80.94
July 1997	80.15	81.09	80.98
August 1997	80.21	81.15	81.03
September 1997	80.23	81.16	81.12
October 1997	80.21	81.18	81.19
November 1997	80.23	81.15	81.26
December 1997	80.16	81.20	81.35
January 1998	80.09	81.21	81.43
February 1998	80.05	81.23	81.45
March 1998	80.04	81.28	81.45
April 1998	80.10	81.31	81.46
May 1998	80.17	81.34	81.45
June 1998	80.26	81.34	81.46
July 1998	80.36	81.36	81.49
August 1998	80.46	81.42	81.55
September 1998	80.51	81.45	81.59
October 1998	80.59	81.48	81.59
November 1998	80.54	81.55	81.59
December 1998	80.52	81.55	81.60
January 1999	80.53	81.58	81.59
February 1999	80.53	81.57	81.57
March 1999	80.52	81.54	81.55
April 1999	80.44	81.52	81.54
May 1999	80.43	81.46	81.58
June 1999	80.42	81.46	81.63
July 1999	80.37	81.49	81.65
August 1999	80.35	81.48	81.69
September 1999	80.38	81.58	81.71
October 1999	80.40	81.63	81.74
November 1999	80.46	81.65	81.80
December 1999	80.48	81.68	81.78
January 2000	80.43	81.68	81.80
February 2000	80.35	81.69	81.81
March 2000	80.36	81.65	81.81
April 2000	80.32	81.63	81.81
May 2000	80.23	81.61	81.80
June 2000	80.15	81.58	81.78
July 2000	80.14	81.53	81.79
August 2000	80.17	81.45	81.75
September 2000	80.23	81.32	81.71
October 2000	80.25	81.17	81.68
November 2000	80.20	81.00	81.60
December 2000	80.15	80.95	81.55
January 2001	80.07	80.84	81.48
February 2001	80.03	80.73	81.42
March 2001	79.96	80.65	81.34
April 2001	79.91	80.56	81.24
May 2001	79.83	80.47	81.11
June 2001	79.75	80.39	80.93
July 2001	79.64	80.33	80.75
August 2001	79.46	80.27	80.53
September 2001	79.26	80.24	80.37
October 2001	79.11	80.21	80.21
November 2001	79.07	80.21	80.04
December 2001	79.04	80.11	79.91
January 2002	79.02	80.07	79.75
February 2002	78.95	80.03	79.61
March 2002	78.90	80.01	79.52
April 2002	78.82	80.02	79.46
May 2002	78.79	80.02	79.40
June 2002	78.75	79.98	79.32
July 2002	78.72	79.92	79.27
August 2002	78.68	79.86	79.23
September 2002	78.63	79.74	79.16
October 2002	78.56	79.68	79.10
November 2002	78.42	79.59	79.11
December 2002	78.32	79.55	79.08
January 2003	78.26	79.54	79.07
February 2003	78.20	79.47	79.08
March 2003	78.15	79.40	79.02
April 2003	78.14	79.29	78.94
May 2003	78.11	79.24	78.85
June 2003	78.11	79.15	78.83
July 2003	78.07	79.10	78.80
August 2003	78.03	79.09	78.82
September 2003	78.02	79.04	78.83
October 2003	77.99	79.01	78.80
November 2003	78.08	79.03	78.76
December 2003	78.12	79.01	78.78
January 2004	78.14	79.02	78.80
February 2004	78.18	79.07	78.85
March 2004	78.23	79.10	78.90
April 2004	78.26	79.12	78.96
May 2004	78.30	79.10	79.05
June 2004	78.32	79.15	79.12
July 2004	78.33	79.08	79.14
August 2004	78.38	79.04	79.15
September 2004	78.41	79.10	79.14
October 2004	78.45	79.16	79.14
November 2004	78.51	79.20	79.16
December 2004	78.58	79.27	79.18
January 2005	78.61	79.30	79.19
February 2005	78.70	79.32	79.19
March 2005	78.72	79.33	79.26
April 2005	78.79	79.32	79.32
May 2005	78.85	79.32	79.35
June 2005	78.84	79.38	79.35
July 2005	78.83	79.49	79.38
August 2005	78.77	79.60	79.40
September 2005	78.68	79.66	79.45
October 2005	78.63	79.70	79.52
November 2005	78.52	79.73	79.57
December 2005	78.49	79.72	79.61
January 2006	78.50	79.83	79.65
February 2006	78.47	79.90	79.67
March 2006	78.47	79.98	79.67
April 2006	78.41	80.05	79.70
May 2006	78.33	80.13	79.79
June 2006	78.33	80.15	79.88
July 2006	78.35	80.20	79.94
August 2006	78.45	80.22	80.01
September 2006	78.58	80.24	80.03
October 2006	78.62	80.28	80.06
November 2006	78.61	80.30	80.10
December 2006	78.60	80.33	80.11
January 2007	78.61	80.24	80.14
February 2007	78.61	80.15	80.15
March 2007	78.65	80.08	80.17
April 2007	78.70	80.08	80.15
May 2007	78.75	80.03	80.08
June 2007	78.77	79.95	80.09
July 2007	78.81	79.83	80.08
August 2007	78.87	79.66	80.07
September 2007	78.85	79.48	80.10
October 2007	78.84	79.27	80.11
November 2007	78.86	79.13	80.12
December 2007	78.76	79.02	80.11
January 2008	78.64	78.92	80.11
February 2008	78.51	78.88	80.09
March 2008	78.38	78.81	80.03
April 2008	78.26	78.69	79.96
May 2008	78.16	78.56	79.86
June 2008	78.06	78.44	79.70
July 2008	77.86	78.27	79.50
August 2008	77.59	78.09	79.24
September 2008	77.34	77.88	78.95
October 2008	77.01	77.62	78.64
November 2008	76.67	77.38	78.35
December 2008	76.35	77.04	78.05
January 2009	76.05	76.74	77.74
February 2009	75.75	76.43	77.46
March 2009	75.47	76.19	77.16
April 2009	75.14	75.83	76.88
May 2009	74.81	75.48	76.60
June 2009	74.54	75.18	76.35
July 2009	74.22	74.90	76.13
August 2009	73.99	74.73	76.01
September 2009	73.77	74.65	75.91
October 2009	73.65	74.59	75.80
November 2009	73.69	74.51	75.71
December 2009	73.67	74.49	75.64
January 2010	73.67	74.45	75.57
February 2010	73.70	74.47	75.47
March 2010	73.70	74.41	75.44
April 2010	73.72	74.49	75.42
May 2010	73.74	74.56	75.44
June 2010	73.69	74.57	75.42
July 2010	73.77	74.61	75.44
August 2010	73.86	74.66	75.43
September 2010	73.98	74.67	75.41
October 2010	74.04	74.71	75.43
November 2010	73.97	74.71	75.41
December 2010	73.97	74.75	75.41
January 2011	73.87	74.74	75.37
February 2011	73.78	74.79	75.34
March 2011	73.70	74.80	75.35
April 2011	73.63	74.82	75.34
May 2011	73.56	74.82	75.33
June 2011	73.58	74.86	75.36
July 2011	73.58	74.91	75.38
August 2011	73.57	74.92	75.42
September 2011	73.53	74.98	75.46
October 2011	73.53	75.00	75.53
November 2011	73.55	75.04	75.60
December 2011	73.59	75.09	75.67
January 2012	73.73	75.22	75.72
February 2012	73.82	75.22	75.81
March 2012	73.91	75.30	75.85
April 2012	74.07	75.36	75.93
May 2012	74.16	75.44	76.00
June 2012	74.13	75.51	76.03
July 2012	74.02	75.51	76.10
August 2012	73.86	75.45	76.14
September 2012	73.73	75.41	76.20
October 2012	73.67	75.50	76.21
November 2012	73.61	75.54	76.25
December 2012	73.57	75.62	76.30
January 2013	73.51	75.62	76.36
February 2013	73.50	75.60	76.43
March 2013	73.43	75.56	76.49
April 2013	73.34	75.50	76.53
May 2013	73.34	75.41	76.49
June 2013	73.38	75.33	76.53
July 2013	73.50	75.37	76.54
August 2013	73.64	75.51	76.58
September 2013	73.78	75.59	76.61
October 2013	73.93	75.66	76.64
November 2013	74.01	75.74	76.68
December 2013	74.13	75.71	76.71
January 2014	74.15	75.73	76.77
February 2014	74.18	75.77	76.82
March 2014	74.20	75.84	76.89
April 2014	74.16	75.92	76.96
May 2014	74.15	76.08	77.08
June 2014	74.13	76.22	77.16
July 2014	74.25	76.29	77.24
August 2014	74.31	76.32	77.30
September 2014	74.43	76.42	77.37
October 2014	74.39	76.41	77.48
November 2014	74.42	76.39	77.55
December 2014	74.42	76.38	77.65
January 2015	74.48	76.38	77.70
February 2015	74.53	76.41	77.74
March 2015	74.60	76.44	77.76
April 2015	74.74	76.47	77.78
May 2015	74.77	76.49	77.83
June 2015	74.78	76.54	77.88
July 2015	74.65	76.63	77.95
August 2015	74.62	76.72	78.04
September 2015	74.56	76.79	78.13
October 2015	74.60	76.89	78.20
November 2015	74.64	76.98	78.25
December 2015	74.68	77.11	78.27
January 2016	74.80	77.20	78.29
February 2016	74.88	77.33	78.35
March 2016	74.92	77.38	78.41
April 2016	74.94	77.42	78.49
May 2016	75.03	77.47	78.56
June 2016	75.14	77.42	78.61
July 2016	75.22	77.38	78.65
August 2016	75.24	77.29	78.70
September 2016	75.25	77.25	78.76
October 2016	75.23	77.26	78.81
November 2016	75.20	77.31	78.90
December 2016	75.21	77.38	78.95
January 2017	75.11	77.44	79.03
February 2017	75.07	77.40	79.13
March 2017	75.10	77.39	79.18
April 2017	75.20	77.43	79.26
May 2017	75.27	77.49	79.31
June 2017	75.35	77.67	79.38
July 2017	75.44	77.85	79.45
August 2017	75.51	78.04	79.48
September 2017	75.57	78.10	79.58
October 2017	75.67	78.14	79.64
November 2017	75.76	78.14	79.70
December 2017	75.86	78.18	79.79
January 2018	75.96	78.16	79.86
February 2018	76.09	78.26	79.92
March 2018	76.22	78.42	79.98
April 2018	76.25	78.53	80.02
May 2018	76.35	78.56	80.13
June 2018	76.44	78.60	80.23
July 2018	76.53	78.63	80.31
August 2018	76.62	78.71	80.41
September 2018	76.74	78.80	80.43
October 2018	76.87	78.88	80.46
November 2018	76.97	78.93	80.45
December 2018	76.98	78.94	80.45
January 2019	77.11	79.06	80.50

Note: Data are for persons aged 25 to 54. Larger metropolitan statistical areas (MSAs) consist of 500,000 people or more, and smaller MSAs consist of 100,000 to 500,000 people. The shaded bars indicate periods of business recession as defined by the National Bureau of Economic Research: March 2001-November 2001, and December 2007-June 2009.

Source: References listed in box note 2.

Return to text

Employment Disparities between Rural and Urban Areas: Figure B. Unemployment rates

Monthly
Percent

Period	Non-MSA	Smaller MSAs	Larger MSAs
January 1996	4.63	4.49	4.56
February 1996	4.59	4.44	4.52
March 1996	4.58	4.42	4.46
April 1996	4.49	4.36	4.43
May 1996	4.45	4.30	4.38
June 1996	4.44	4.26	4.36
July 1996	4.45	4.25	4.33
August 1996	4.45	4.22	4.30
September 1996	4.48	4.16	4.29
October 1996	4.49	4.11	4.26
November 1996	4.46	4.06	4.20
December 1996	4.43	4.03	4.15
January 1997	4.38	4.04	4.13
February 1997	4.32	4.00	4.10
March 1997	4.29	3.94	4.08
April 1997	4.28	3.89	4.04
May 1997	4.23	3.83	4.02
June 1997	4.19	3.80	3.95
July 1997	4.16	3.73	3.91
August 1997	4.09	3.69	3.85
September 1997	4.01	3.66	3.80
October 1997	3.96	3.62	3.77
November 1997	3.91	3.61	3.72
December 1997	3.91	3.53	3.68
January 1998	3.94	3.50	3.63
February 1998	3.97	3.45	3.59
March 1998	3.95	3.41	3.56
April 1998	3.89	3.42	3.52
May 1998	3.87	3.41	3.51
June 1998	3.85	3.39	3.50
July 1998	3.80	3.38	3.47
August 1998	3.76	3.34	3.44
September 1998	3.75	3.35	3.41
October 1998	3.70	3.30	3.36
November 1998	3.71	3.27	3.35
December 1998	3.69	3.32	3.32
January 1999	3.65	3.29	3.32
February 1999	3.57	3.33	3.31
March 1999	3.53	3.36	3.29
April 1999	3.51	3.33	3.28
May 1999	3.47	3.32	3.24
June 1999	3.38	3.33	3.21
July 1999	3.34	3.31	3.18
August 1999	3.35	3.30	3.15
September 1999	3.34	3.25	3.11
October 1999	3.34	3.27	3.09
November 1999	3.30	3.26	3.06
December 1999	3.31	3.22	3.06
January 2000	3.33	3.21	3.04
February 2000	3.39	3.16	3.02
March 2000	3.40	3.14	3.01
April 2000	3.42	3.13	2.99
May 2000	3.43	3.12	2.98
June 2000	3.48	3.10	2.97
July 2000	3.50	3.11	2.96
August 2000	3.51	3.16	2.98
September 2000	3.51	3.19	3.00
October 2000	3.54	3.22	3.03
November 2000	3.56	3.28	3.06
December 2000	3.56	3.31	3.11
January 2001	3.55	3.35	3.17
February 2001	3.51	3.45	3.23
March 2001	3.52	3.50	3.30
April 2001	3.56	3.55	3.39
May 2001	3.66	3.66	3.51
June 2001	3.77	3.78	3.65
July 2001	3.89	3.89	3.81
August 2001	4.03	4.01	3.97
September 2001	4.16	4.12	4.11
October 2001	4.26	4.21	4.25
November 2001	4.36	4.28	4.40
December 2001	4.44	4.38	4.52
January 2002	4.53	4.46	4.62
February 2002	4.64	4.53	4.72
March 2002	4.68	4.60	4.78
April 2002	4.72	4.65	4.84
May 2002	4.73	4.66	4.87
June 2002	4.76	4.66	4.91
July 2002	4.77	4.67	4.93
August 2002	4.74	4.63	4.95
September 2002	4.70	4.66	5.00
October 2002	4.74	4.70	5.03
November 2002	4.75	4.74	5.03
December 2002	4.76	4.74	5.04
January 2003	4.77	4.76	5.07
February 2003	4.78	4.80	5.09
March 2003	4.83	4.83	5.13
April 2003	4.84	4.86	5.16
May 2003	4.90	4.86	5.20
June 2003	4.89	4.92	5.19
July 2003	4.91	4.95	5.18
August 2003	4.93	4.96	5.14
September 2003	4.96	4.96	5.08
October 2003	4.94	4.96	5.06
November 2003	4.91	4.89	5.03
December 2003	4.86	4.85	4.99
January 2004	4.87	4.78	4.93
February 2004	4.87	4.70	4.89
March 2004	4.81	4.65	4.82
April 2004	4.77	4.60	4.76
May 2004	4.73	4.60	4.68
June 2004	4.67	4.54	4.63
July 2004	4.64	4.53	4.60
August 2004	4.56	4.52	4.56
September 2004	4.50	4.46	4.54
October 2004	4.44	4.38	4.49
November 2004	4.37	4.36	4.44
December 2004	4.36	4.33	4.41
January 2005	4.36	4.31	4.36
February 2005	4.31	4.31	4.33
March 2005	4.35	4.29	4.27
April 2005	4.39	4.32	4.21
May 2005	4.35	4.31	4.20
June 2005	4.35	4.28	4.18
July 2005	4.33	4.21	4.16
August 2005	4.31	4.15	4.11
September 2005	4.32	4.17	4.06
October 2005	4.30	4.16	4.03
November 2005	4.33	4.18	4.00
December 2005	4.30	4.20	3.97
January 2006	4.23	4.15	3.94
February 2006	4.23	4.09	3.92
March 2006	4.19	4.10	3.91
April 2006	4.15	4.02	3.89
May 2006	4.15	3.99	3.82
June 2006	4.12	3.94	3.78
July 2006	4.11	3.94	3.73
August 2006	4.11	3.94	3.73
September 2006	4.07	3.91	3.71
October 2006	4.10	3.86	3.67
November 2006	4.13	3.85	3.64
December 2006	4.10	3.83	3.62
January 2007	4.08	3.87	3.60
February 2007	4.07	3.91	3.59
March 2007	4.05	3.89	3.60
April 2007	4.04	3.91	3.61
May 2007	4.02	3.96	3.65
June 2007	4.02	4.01	3.66
July 2007	4.01	4.05	3.71
August 2007	3.99	4.11	3.73
September 2007	4.01	4.16	3.75
October 2007	4.03	4.26	3.80
November 2007	4.01	4.30	3.87
December 2007	4.06	4.34	3.94
January 2008	4.14	4.39	4.02
February 2008	4.19	4.46	4.10
March 2008	4.28	4.60	4.21
April 2008	4.35	4.69	4.34
May 2008	4.41	4.79	4.50
June 2008	4.53	4.93	4.67
July 2008	4.71	5.07	4.89
August 2008	4.98	5.31	5.18
September 2008	5.24	5.55	5.53
October 2008	5.50	5.88	5.86
November 2008	5.86	6.17	6.17
December 2008	6.20	6.51	6.49
January 2009	6.55	6.83	6.81
February 2009	6.89	7.14	7.11
March 2009	7.20	7.37	7.41
April 2009	7.53	7.68	7.70
May 2009	7.80	7.98	7.99
June 2009	8.02	8.22	8.22
July 2009	8.24	8.48	8.42
August 2009	8.39	8.63	8.56
September 2009	8.52	8.77	8.66
October 2009	8.67	8.87	8.75
November 2009	8.66	8.97	8.82
December 2009	8.71	8.97	8.83
January 2010	8.70	9.00	8.82
February 2010	8.64	8.98	8.84
March 2010	8.59	9.01	8.82
April 2010	8.54	9.00	8.79
May 2010	8.50	8.92	8.73
June 2010	8.51	8.93	8.73
July 2010	8.45	8.91	8.68
August 2010	8.33	8.86	8.62
September 2010	8.20	8.84	8.55
October 2010	8.08	8.70	8.46
November 2010	8.06	8.66	8.39
December 2010	7.99	8.61	8.35
January 2011	7.94	8.60	8.35
February 2011	7.95	8.57	8.32
March 2011	7.95	8.49	8.29
April 2011	7.96	8.40	8.27
May 2011	7.96	8.36	8.24
June 2011	7.84	8.24	8.16
July 2011	7.76	8.16	8.09
August 2011	7.70	8.13	8.01
September 2011	7.69	8.05	7.94
October 2011	7.62	8.04	7.86
November 2011	7.51	7.90	7.78
December 2011	7.40	7.80	7.71
January 2012	7.27	7.68	7.63
February 2012	7.16	7.62	7.57
March 2012	7.04	7.54	7.50
April 2012	6.89	7.46	7.39
May 2012	6.81	7.36	7.32
June 2012	6.84	7.26	7.24
July 2012	6.85	7.16	7.17
August 2012	6.90	7.04	7.12
September 2012	6.90	6.95	7.05
October 2012	6.89	6.77	6.99
November 2012	6.89	6.72	6.93
December 2012	6.88	6.68	6.86
January 2013	6.94	6.61	6.79
February 2013	6.91	6.56	6.71
March 2013	6.87	6.49	6.63
April 2013	6.88	6.46	6.57
May 2013	6.90	6.44	6.50
June 2013	6.88	6.41	6.44
July 2013	6.77	6.33	6.35
August 2013	6.65	6.24	6.25
September 2013	6.53	6.18	6.19
October 2013	6.39	6.14	6.14
November 2013	6.35	6.00	6.06
December 2013	6.24	5.93	5.97
January 2014	6.13	5.83	5.85
February 2014	6.02	5.77	5.75
March 2014	5.98	5.70	5.67
April 2014	5.87	5.56	5.58
May 2014	5.72	5.43	5.48
June 2014	5.59	5.33	5.37
July 2014	5.48	5.27	5.27
August 2014	5.43	5.18	5.20
September 2014	5.35	5.01	5.10
October 2014	5.30	4.94	4.99
November 2014	5.19	4.93	4.94
December 2014	5.17	4.90	4.87
January 2015	5.10	4.88	4.80
February 2015	5.04	4.80	4.73
March 2015	4.97	4.75	4.65
April 2015	4.87	4.73	4.58
May 2015	4.87	4.77	4.51
June 2015	4.86	4.76	4.46
July 2015	4.91	4.67	4.42
August 2015	4.89	4.62	4.36
September 2015	4.90	4.62	4.28
October 2015	4.92	4.61	4.24
November 2015	4.96	4.60	4.19
December 2015	4.92	4.54	4.13
January 2016	4.91	4.50	4.12
February 2016	4.90	4.45	4.08
March 2016	4.92	4.49	4.07
April 2016	4.98	4.48	4.08
May 2016	4.98	4.43	4.07
June 2016	4.95	4.40	4.05
July 2016	4.96	4.44	4.02
August 2016	4.94	4.49	3.99
September 2016	4.89	4.53	3.99
October 2016	4.89	4.48	3.96
November 2016	4.84	4.39	3.93
December 2016	4.82	4.40	3.91
January 2017	4.83	4.39	3.87
February 2017	4.83	4.44	3.83
March 2017	4.81	4.40	3.81
April 2017	4.73	4.37	3.74
May 2017	4.62	4.32	3.68
June 2017	4.60	4.22	3.62
July 2017	4.49	4.12	3.58
August 2017	4.38	4.01	3.54
September 2017	4.34	3.98	3.49
October 2017	4.22	4.04	3.45
November 2017	4.19	4.08	3.42
December 2017	4.13	4.02	3.35
January 2018	4.06	4.01	3.32
February 2018	3.96	3.93	3.28
March 2018	3.86	3.85	3.23
April 2018	3.82	3.79	3.19
May 2018	3.80	3.80	3.16
June 2018	3.69	3.83	3.14
July 2018	3.65	3.84	3.13
August 2018	3.65	3.88	3.10
September 2018	3.57	3.81	3.07
October 2018	3.51	3.71	3.04
November 2018	3.44	3.70	3.05
December 2018	3.43	3.74	3.09
January 2019	3.39	3.71	3.09

Source: References listed in box note 2.

Return to text

Employment Disparities between Rural and Urban Areas: Figure C. Labor force participation rates

Monthly
Percent

Period	Non-MSA	Smaller MSAs	Larger MSAs
January 1996	82.87	83.76	83.67
February 1996	82.90	83.76	83.69
March 1996	82.91	83.71	83.75
April 1996	82.96	83.77	83.81
May 1996	83.02	83.85	83.91
June 1996	83.04	83.95	83.96
July 1996	83.03	83.99	83.99
August 1996	83.01	84.01	84.06
September 1996	83.04	84.02	84.11
October 1996	83.11	84.04	84.16
November 1996	83.18	84.08	84.18
December 1996	83.28	84.08	84.17
January 1997	83.40	84.13	84.19
February 1997	83.47	84.14	84.21
March 1997	83.53	84.21	84.24
April 1997	83.59	84.23	84.27
May 1997	83.60	84.25	84.28
June 1997	83.61	84.24	84.27
July 1997	83.63	84.23	84.28
August 1997	83.63	84.25	84.28
September 1997	83.57	84.24	84.32
October 1997	83.52	84.22	84.37
November 1997	83.49	84.19	84.40
December 1997	83.42	84.17	84.46
January 1998	83.37	84.16	84.49
February 1998	83.35	84.14	84.48
March 1998	83.32	84.15	84.46
April 1998	83.34	84.18	84.43
May 1998	83.39	84.21	84.41
June 1998	83.48	84.19	84.42
July 1998	83.54	84.21	84.42
August 1998	83.60	84.24	84.46
September 1998	83.65	84.27	84.47
October 1998	83.69	84.26	84.42
November 1998	83.64	84.31	84.42
December 1998	83.61	84.35	84.41
January 1999	83.58	84.36	84.39
February 1999	83.51	84.38	84.36
March 1999	83.47	84.38	84.32
April 1999	83.37	84.33	84.31
May 1999	83.32	84.26	84.31
June 1999	83.24	84.27	84.34
July 1999	83.14	84.27	84.34
August 1999	83.14	84.26	84.34
September 1999	83.16	84.31	84.33
October 1999	83.17	84.39	84.35
November 1999	83.21	84.40	84.38
December 1999	83.24	84.40	84.36
January 2000	83.21	84.39	84.36
February 2000	83.18	84.36	84.36
March 2000	83.19	84.30	84.36
April 2000	83.16	84.26	84.33
May 2000	83.08	84.23	84.31
June 2000	83.04	84.19	84.28
July 2000	83.05	84.15	84.28
August 2000	83.09	84.10	84.25
September 2000	83.15	84.00	84.23
October 2000	83.20	83.87	84.22
November 2000	83.17	83.75	84.18
December 2000	83.11	83.72	84.16
January 2001	83.02	83.64	84.15
February 2001	82.94	83.61	84.13
March 2001	82.88	83.57	84.11
April 2001	82.87	83.53	84.10
May 2001	82.87	83.53	84.06
June 2001	82.88	83.55	84.00
July 2001	82.87	83.58	83.95
August 2001	82.80	83.63	83.86
September 2001	82.70	83.69	83.81
October 2001	82.63	83.73	83.77
November 2001	82.68	83.80	83.73
December 2001	82.72	83.79	83.69
January 2002	82.77	83.82	83.62
February 2002	82.79	83.83	83.56
March 2002	82.77	83.87	83.52
April 2002	82.73	83.92	83.49
May 2002	82.70	83.93	83.47
June 2002	82.68	83.89	83.42
July 2002	82.66	83.84	83.38
August 2002	82.60	83.74	83.36
September 2002	82.51	83.63	83.33
October 2002	82.47	83.61	83.29
November 2002	82.33	83.55	83.30
December 2002	82.24	83.51	83.28
January 2003	82.18	83.52	83.30
February 2003	82.13	83.48	83.31
March 2003	82.11	83.43	83.30
April 2003	82.11	83.34	83.24
May 2003	82.14	83.28	83.17
June 2003	82.13	83.25	83.15
July 2003	82.10	83.22	83.10
August 2003	82.08	83.22	83.09
September 2003	82.09	83.17	83.05
October 2003	82.04	83.14	83.01
November 2003	82.11	83.09	82.94
December 2003	82.11	83.04	82.91
January 2004	82.14	82.99	82.88
February 2004	82.18	82.98	82.90
March 2004	82.19	82.95	82.90
April 2004	82.18	82.94	82.91
May 2004	82.19	82.92	82.93
June 2004	82.16	82.91	82.96
July 2004	82.15	82.83	82.96
August 2004	82.12	82.79	82.93
September 2004	82.10	82.79	82.91
October 2004	82.10	82.78	82.86
November 2004	82.10	82.81	82.84
December 2004	82.16	82.86	82.83
January 2005	82.19	82.87	82.80
February 2005	82.25	82.89	82.78
March 2005	82.30	82.88	82.80
April 2005	82.41	82.91	82.81
May 2005	82.44	82.88	82.83
June 2005	82.43	82.93	82.81
July 2005	82.40	82.98	82.82
August 2005	82.32	83.05	82.81
September 2005	82.23	83.13	82.81
October 2005	82.16	83.16	82.86
November 2005	82.06	83.21	82.88
December 2005	82.02	83.22	82.91
January 2006	81.97	83.28	82.92
February 2006	81.93	83.30	82.92
March 2006	81.90	83.40	82.91
April 2006	81.80	83.40	82.92
May 2006	81.72	83.46	82.96
June 2006	81.70	83.43	83.01
July 2006	81.70	83.49	83.04
August 2006	81.81	83.51	83.11
September 2006	81.92	83.50	83.11
October 2006	81.98	83.50	83.11
November 2006	81.99	83.51	83.12
December 2006	81.96	83.53	83.12
January 2007	81.95	83.47	83.13
February 2007	81.95	83.41	83.14
March 2007	81.97	83.32	83.16
April 2007	82.01	83.34	83.15
May 2007	82.05	83.33	83.11
June 2007	82.07	83.29	83.13
July 2007	82.10	83.20	83.16
August 2007	82.15	83.07	83.17
September 2007	82.14	82.93	83.22
October 2007	82.16	82.80	83.28
November 2007	82.15	82.68	83.34
December 2007	82.09	82.60	83.39
January 2008	82.04	82.54	83.47
February 2008	81.95	82.56	83.52
March 2008	81.88	82.61	83.55
April 2008	81.81	82.56	83.59
May 2008	81.77	82.51	83.63
June 2008	81.76	82.51	83.61
July 2008	81.70	82.46	83.59
August 2008	81.66	82.47	83.57
September 2008	81.62	82.46	83.57
October 2008	81.49	82.46	83.53
November 2008	81.44	82.47	83.50
December 2008	81.40	82.40	83.46
January 2009	81.37	82.36	83.41
February 2009	81.35	82.30	83.39
March 2009	81.32	82.25	83.34
April 2009	81.25	82.13	83.29
May 2009	81.13	82.02	83.24
June 2009	81.03	81.91	83.19
July 2009	80.89	81.84	83.13
August 2009	80.76	81.79	83.13
September 2009	80.64	81.83	83.10
October 2009	80.64	81.84	83.07
November 2009	80.67	81.85	83.03
December 2009	80.70	81.83	82.96
January 2010	80.68	81.82	82.88
February 2010	80.67	81.81	82.79
March 2010	80.62	81.79	82.74
April 2010	80.61	81.85	82.69
May 2010	80.59	81.86	82.66
June 2010	80.54	81.88	82.63
July 2010	80.58	81.92	82.62
August 2010	80.56	81.91	82.55
September 2010	80.59	81.91	82.47
October 2010	80.55	81.83	82.40
November 2010	80.46	81.80	82.31
December 2010	80.39	81.79	82.28
January 2011	80.24	81.77	82.24
February 2011	80.15	81.80	82.18
March 2011	80.07	81.74	82.16
April 2011	80.00	81.68	82.13
May 2011	79.92	81.64	82.09
June 2011	79.84	81.58	82.05
July 2011	79.77	81.57	82.01
August 2011	79.71	81.55	81.99
September 2011	79.66	81.55	81.97
October 2011	79.60	81.55	81.97
November 2011	79.52	81.48	81.97
December 2011	79.47	81.44	81.99
January 2012	79.51	81.48	81.98
February 2012	79.51	81.43	82.02
March 2012	79.51	81.43	82.00
April 2012	79.55	81.44	81.98
May 2012	79.58	81.44	82.00
June 2012	79.57	81.43	81.97
July 2012	79.46	81.33	81.97
August 2012	79.33	81.17	81.97
September 2012	79.18	81.04	81.97
October 2012	79.12	80.99	81.94
November 2012	79.06	80.99	81.92
December 2012	79.01	81.03	81.92
January 2013	78.99	80.97	81.93
February 2013	78.95	80.90	81.93
March 2013	78.84	80.81	81.93
April 2013	78.76	80.72	81.91
May 2013	78.77	80.60	81.81
June 2013	78.79	80.49	81.80
July 2013	78.84	80.46	81.73
August 2013	78.88	80.54	81.69
September 2013	78.94	80.57	81.67
October 2013	78.98	80.61	81.65
November 2013	79.02	80.58	81.63
December 2013	79.07	80.48	81.57
January 2014	78.99	80.42	81.54
February 2014	78.93	80.41	81.51
March 2014	78.92	80.43	81.51
April 2014	78.79	80.39	81.51
May 2014	78.65	80.44	81.55
June 2014	78.52	80.51	81.54
July 2014	78.55	80.54	81.54
August 2014	78.58	80.49	81.54
September 2014	78.63	80.45	81.53
October 2014	78.56	80.38	81.54
November 2014	78.49	80.35	81.57
December 2014	78.47	80.32	81.62
January 2015	78.48	80.30	81.62
February 2015	78.49	80.26	81.60
March 2015	78.50	80.25	81.55
April 2015	78.56	80.27	81.51
May 2015	78.60	80.32	81.50
June 2015	78.60	80.37	81.51
July 2015	78.51	80.38	81.55
August 2015	78.45	80.43	81.59
September 2015	78.41	80.51	81.62
October 2015	78.46	80.61	81.66
November 2015	78.54	80.70	81.67
December 2015	78.54	80.78	81.64
January 2016	78.66	80.84	81.66
February 2016	78.74	80.93	81.69
March 2016	78.79	81.01	81.73
April 2016	78.86	81.05	81.82
May 2016	78.95	81.06	81.89
June 2016	79.05	80.98	81.92
July 2016	79.14	80.98	81.94
August 2016	79.15	80.93	81.98
September 2016	79.12	80.92	82.04
October 2016	79.10	80.88	82.06
November 2016	79.02	80.86	82.13
December 2016	79.01	80.93	82.17
January 2017	78.92	80.99	82.21
February 2017	78.88	81.00	82.28
March 2017	78.90	80.95	82.32
April 2017	78.94	80.96	82.34
May 2017	78.91	80.98	82.34
June 2017	78.98	81.09	82.36
July 2017	78.99	81.19	82.39
August 2017	78.96	81.29	82.41
September 2017	79.00	81.34	82.46
October 2017	79.01	81.43	82.49
November 2017	79.07	81.47	82.52
December 2017	79.13	81.45	82.56
January 2018	79.18	81.43	82.60
February 2018	79.22	81.46	82.62
March 2018	79.28	81.56	82.65
April 2018	79.28	81.62	82.66
May 2018	79.36	81.66	82.74
June 2018	79.37	81.73	82.83
July 2018	79.43	81.76	82.91
August 2018	79.52	81.89	82.98
September 2018	79.58	81.92	82.97
October 2018	79.66	81.92	82.98
November 2018	79.71	81.97	82.98
December 2018	79.72	82.00	83.01
January 2019	79.81	82.11	83.06

Source: References listed in box note 2.

Return to text

Employment Disparities between Rural and Urban Areas: Figure D. Employment-to-population ratios

Noncollege adults

Monthly
Percent

Period	Non-MSA	MSAs
January 1996	74.15	72.80
February 1996	74.21	72.85
March 1996	74.24	72.95
April 1996	74.31	73.01
May 1996	74.33	73.07
June 1996	74.35	73.15
July 1996	74.39	73.26
August 1996	74.39	73.37
September 1996	74.32	73.46
October 1996	74.36	73.61
November 1996	74.44	73.74
December 1996	74.51	73.81
January 1997	74.67	73.92
February 1997	74.74	74.01
March 1997	74.81	74.11
April 1997	74.83	74.21
May 1997	74.94	74.25
June 1997	74.98	74.31
July 1997	75.05	74.37
August 1997	75.16	74.45
September 1997	75.28	74.56
October 1997	75.32	74.64
November 1997	75.39	74.70
December 1997	75.40	74.79
January 1998	75.37	74.85
February 1998	75.38	74.84
March 1998	75.35	74.86
April 1998	75.39	74.88
May 1998	75.41	74.90
June 1998	75.53	74.90
July 1998	75.63	74.93
August 1998	75.69	75.02
September 1998	75.78	75.08
October 1998	75.93	75.12
November 1998	75.84	75.18
December 1998	75.77	75.20
January 1999	75.71	75.20
February 1999	75.59	75.22
March 1999	75.54	75.19
April 1999	75.42	75.19
May 1999	75.34	75.21
June 1999	75.32	75.31
July 1999	75.23	75.38
August 1999	75.22	75.45
September 1999	75.21	75.54
October 1999	75.16	75.57
November 1999	75.24	75.61
December 1999	75.27	75.60
January 2000	75.23	75.63
February 2000	75.24	75.64
March 2000	75.28	75.62
April 2000	75.29	75.64
May 2000	75.24	75.67
June 2000	75.13	75.69
July 2000	75.11	75.67
August 2000	75.09	75.59
September 2000	75.12	75.49
October 2000	75.12	75.45
November 2000	75.01	75.39
December 2000	74.90	75.39
January 2001	74.81	75.31
February 2001	74.75	75.26
March 2001	74.68	75.17
April 2001	74.65	75.05
May 2001	74.52	74.94
June 2001	74.38	74.73
July 2001	74.20	74.57
August 2001	73.97	74.33
September 2001	73.79	74.16
October 2001	73.68	73.93
November 2001	73.70	73.79
December 2001	73.71	73.64
January 2002	73.74	73.51
February 2002	73.72	73.41
March 2002	73.69	73.33
April 2002	73.62	73.30
May 2002	73.66	73.24
June 2002	73.70	73.15
July 2002	73.75	73.07
August 2002	73.75	73.05
September 2002	73.61	72.98
October 2002	73.44	72.97
November 2002	73.23	72.98
December 2002	73.11	72.98
January 2003	73.01	72.99
February 2003	72.94	72.96
March 2003	72.92	72.92
April 2003	72.95	72.82
May 2003	72.94	72.73
June 2003	72.95	72.75
July 2003	72.90	72.72
August 2003	72.83	72.78
September 2003	72.83	72.82
October 2003	72.77	72.80
November 2003	72.89	72.72
December 2003	72.92	72.69
January 2004	72.96	72.69
February 2004	72.96	72.75
March 2004	72.99	72.78
April 2004	72.95	72.82
May 2004	72.94	72.89
June 2004	72.94	72.91
July 2004	72.98	72.87
August 2004	73.04	72.77
September 2004	73.07	72.73
October 2004	73.17	72.71
November 2004	73.23	72.73
December 2004	73.28	72.79
January 2005	73.30	72.81
February 2005	73.42	72.82
March 2005	73.40	72.87
April 2005	73.49	72.87
May 2005	73.59	72.86
June 2005	73.57	72.88
July 2005	73.47	72.93
August 2005	73.38	72.98
September 2005	73.24	73.03
October 2005	73.18	73.13
November 2005	73.08	73.20
December 2005	73.10	73.23
January 2006	73.18	73.29
February 2006	73.15	73.31
March 2006	73.21	73.31
April 2006	73.11	73.37
May 2006	73.00	73.47
June 2006	73.01	73.54
July 2006	73.05	73.63
August 2006	73.14	73.76
September 2006	73.30	73.81
October 2006	73.30	73.84
November 2006	73.22	73.85
December 2006	73.14	73.81
January 2007	73.08	73.74
February 2007	73.02	73.70
March 2007	72.99	73.70
April 2007	73.05	73.66
May 2007	73.11	73.55
June 2007	73.09	73.49
July 2007	73.12	73.42
August 2007	73.12	73.29
September 2007	73.04	73.23
October 2007	73.00	73.11
November 2007	73.01	72.99
December 2007	72.93	72.92
January 2008	72.82	72.89
February 2008	72.71	72.85
March 2008	72.56	72.76
April 2008	72.38	72.62
May 2008	72.27	72.49
June 2008	72.16	72.27
July 2008	71.94	72.00
August 2008	71.71	71.67
September 2008	71.46	71.31
October 2008	71.07	70.92
November 2008	70.67	70.57
December 2008	70.21	70.18
January 2009	69.78	69.83
February 2009	69.40	69.48
March 2009	68.98	69.13
April 2009	68.50	68.79
May 2009	67.99	68.39
June 2009	67.60	68.09
July 2009	67.15	67.81
August 2009	66.82	67.64
September 2009	66.59	67.51
October 2009	66.46	67.41
November 2009	66.55	67.31
December 2009	66.50	67.23
January 2010	66.46	67.13
February 2010	66.50	67.07
March 2010	66.54	67.04
April 2010	66.60	67.06
May 2010	66.70	67.16
June 2010	66.70	67.18
July 2010	66.90	67.22
August 2010	67.01	67.21
September 2010	67.07	67.19
October 2010	67.10	67.16
November 2010	66.94	67.09
December 2010	66.99	67.06
January 2011	66.97	66.98
February 2011	66.93	66.93
March 2011	66.94	66.86
April 2011	66.94	66.80
May 2011	66.89	66.74
June 2011	66.99	66.78
July 2011	67.01	66.80
August 2011	67.01	66.87
September 2011	67.04	66.90
October 2011	67.09	66.99
November 2011	67.19	67.12
December 2011	67.25	67.22
January 2012	67.36	67.36
February 2012	67.39	67.41
March 2012	67.43	67.41
April 2012	67.48	67.44
May 2012	67.50	67.49
June 2012	67.37	67.48
July 2012	67.16	67.53
August 2012	67.01	67.51
September 2012	66.85	67.53
October 2012	66.71	67.55
November 2012	66.52	67.57
December 2012	66.37	67.65
January 2013	66.26	67.69
February 2013	66.21	67.76
March 2013	66.03	67.82
April 2013	65.91	67.87
May 2013	65.88	67.81
June 2013	65.90	67.81
July 2013	66.02	67.80
August 2013	66.12	67.87
September 2013	66.34	67.94
October 2013	66.55	68.02
November 2013	66.73	68.11
December 2013	66.91	68.11
January 2014	66.97	68.15
February 2014	67.05	68.20
March 2014	67.13	68.34
April 2014	67.18	68.50
May 2014	67.19	68.65
June 2014	67.19	68.76
July 2014	67.31	68.86
August 2014	67.32	68.94
September 2014	67.27	69.01
October 2014	67.09	69.05
November 2014	67.04	69.05
December 2014	67.02	69.07
January 2015	67.00	69.07
February 2015	66.97	69.03
March 2015	66.97	69.01
April 2015	67.07	68.95
May 2015	67.12	68.97
June 2015	67.10	69.00
July 2015	66.94	69.03
August 2015	66.87	69.10
September 2015	66.83	69.17
October 2015	66.96	69.26
November 2015	67.03	69.33
December 2015	67.07	69.40
January 2016	67.29	69.44
February 2016	67.43	69.60
March 2016	67.51	69.72
April 2016	67.48	69.79
May 2016	67.50	69.83
June 2016	67.51	69.88
July 2016	67.41	69.95
August 2016	67.35	69.98
September 2016	67.29	70.04
October 2016	67.18	70.08
November 2016	67.15	70.20
December 2016	67.11	70.34
January 2017	66.89	70.52
February 2017	66.79	70.59
March 2017	66.81	70.59
April 2017	67.01	70.68
May 2017	67.08	70.76
June 2017	67.16	70.88
July 2017	67.31	71.06
August 2017	67.38	71.18
September 2017	67.48	71.32
October 2017	67.60	71.42
November 2017	67.66	71.46
December 2017	67.83	71.48
January 2018	68.01	71.48
February 2018	68.16	71.56
March 2018	68.28	71.64
April 2018	68.21	71.73
May 2018	68.30	71.89
June 2018	68.48	71.98
July 2018	68.60	72.03
August 2018	68.77	72.13
September 2018	68.99	72.18
October 2018	69.18	72.25
November 2018	69.30	72.27
December 2018	69.23	72.31
January 2019	69.23	72.37

Note: Data are for persons aged 25 to 54. MSA is metropolitan statistical area. The shaded bars indicate periods of business recession as defined by the National Bureau of Economic Research: March 2001-November 2001, and December 2007-June 2009.

Source: References listed in box note 2.

College adults

Monthly
Percent

Period	Non-MSA	MSAs
January 1996	85.98	85.53
February 1996	85.93	85.51
March 1996	85.89	85.48
April 1996	85.96	85.51
May 1996	85.99	85.58
June 1996	85.89	85.66
July 1996	85.77	85.71
August 1996	85.74	85.76
September 1996	85.84	85.80
October 1996	85.93	85.81
November 1996	86.06	85.82
December 1996	86.22	85.82
January 1997	86.40	85.81
February 1997	86.55	85.83
March 1997	86.62	85.87
April 1997	86.70	85.90
May 1997	86.65	85.92
June 1997	86.69	85.94
July 1997	86.71	85.97
August 1997	86.68	85.99
September 1997	86.57	86.01
October 1997	86.48	86.04
November 1997	86.39	86.07
December 1997	86.22	86.15
January 1998	86.07	86.20
February 1998	85.98	86.23
March 1998	86.02	86.21
April 1998	86.13	86.21
May 1998	86.25	86.18
June 1998	86.30	86.18
July 1998	86.39	86.18
August 1998	86.51	86.20
September 1998	86.51	86.20
October 1998	86.49	86.17
November 1998	86.47	86.14
December 1998	86.50	86.13
January 1999	86.55	86.11
February 1999	86.65	86.06
March 1999	86.64	86.03
April 1999	86.60	86.01
May 1999	86.63	86.01
June 1999	86.65	85.99
July 1999	86.62	85.96
August 1999	86.59	85.95
September 1999	86.64	85.95
October 1999	86.71	85.97
November 1999	86.77	86.02
December 1999	86.76	86.01
January 2000	86.71	85.99
February 2000	86.54	86.00
March 2000	86.48	85.98
April 2000	86.38	85.94
May 2000	86.25	85.90
June 2000	86.19	85.84
July 2000	86.17	85.83
August 2000	86.22	85.82
September 2000	86.29	85.79
October 2000	86.32	85.71
November 2000	86.31	85.59
December 2000	86.32	85.49
January 2001	86.26	85.41
February 2001	86.24	85.32
March 2001	86.18	85.24
April 2001	86.08	85.15
May 2001	86.04	85.02
June 2001	86.01	84.90
July 2001	85.99	84.74
August 2001	85.87	84.58
September 2001	85.68	84.47
October 2001	85.51	84.38
November 2001	85.41	84.26
December 2001	85.35	84.13
January 2002	85.24	84.00
February 2002	85.09	83.87
March 2002	85.00	83.79
April 2002	84.90	83.72
May 2002	84.81	83.69
June 2002	84.70	83.64
July 2002	84.57	83.59
August 2002	84.45	83.54
September 2002	84.49	83.46
October 2002	84.50	83.38
November 2002	84.43	83.36
December 2002	84.32	83.31
January 2003	84.30	83.29
February 2003	84.23	83.29
March 2003	84.14	83.24
April 2003	84.07	83.16
May 2003	84.02	83.08
June 2003	83.99	83.02
July 2003	83.97	82.98
August 2003	83.97	82.95
September 2003	83.93	82.93
October 2003	83.93	82.89
November 2003	83.97	82.89
December 2003	84.03	82.92
January 2004	84.05	82.95
February 2004	84.14	83.00
March 2004	84.25	83.05
April 2004	84.38	83.11
May 2004	84.49	83.17
June 2004	84.52	83.26
July 2004	84.52	83.30
August 2004	84.55	83.37
September 2004	84.58	83.41
October 2004	84.57	83.46
November 2004	84.63	83.50
December 2004	84.69	83.51
January 2005	84.72	83.53
February 2005	84.76	83.55
March 2005	84.79	83.62
April 2005	84.82	83.69
May 2005	84.82	83.74
June 2005	84.81	83.75
July 2005	84.87	83.78
August 2005	84.84	83.81
September 2005	84.80	83.84
October 2005	84.78	83.88
November 2005	84.67	83.89
December 2005	84.60	83.93
January 2006	84.53	83.97
February 2006	84.50	84.00
March 2006	84.44	84.02
April 2006	84.44	84.04
May 2006	84.41	84.12
June 2006	84.41	84.19
July 2006	84.41	84.24
August 2006	84.51	84.25
September 2006	84.63	84.25
October 2006	84.72	84.29
November 2006	84.79	84.32
December 2006	84.87	84.36
January 2007	84.97	84.39
February 2007	85.03	84.39
March 2007	85.13	84.37
April 2007	85.11	84.37
May 2007	85.15	84.33
June 2007	85.21	84.34
July 2007	85.24	84.34
August 2007	85.33	84.34
September 2007	85.29	84.34
October 2007	85.24	84.34
November 2007	85.21	84.36
December 2007	85.05	84.35
January 2008	84.92	84.34
February 2008	84.75	84.33
March 2008	84.62	84.28
April 2008	84.55	84.22
May 2008	84.46	84.13
June 2008	84.36	84.01
July 2008	84.15	83.86
August 2008	83.84	83.67
September 2008	83.58	83.46
October 2008	83.29	83.23
November 2008	83.02	83.01
December 2008	82.85	82.76
January 2009	82.70	82.49
February 2009	82.53	82.24
March 2009	82.41	82.00
April 2009	82.23	81.73
May 2009	82.07	81.50
June 2009	81.90	81.25
July 2009	81.74	81.04
August 2009	81.60	80.92
September 2009	81.44	80.83
October 2009	81.37	80.73
November 2009	81.38	80.64
December 2009	81.43	80.58
January 2010	81.44	80.54
February 2010	81.42	80.46
March 2010	81.36	80.40
April 2010	81.36	80.38
May 2010	81.30	80.35
June 2010	81.21	80.31
July 2010	81.19	80.33
August 2010	81.26	80.32
September 2010	81.41	80.31
October 2010	81.46	80.35
November 2010	81.45	80.34
December 2010	81.32	80.36
January 2011	81.10	80.35
February 2011	80.95	80.35
March 2011	80.76	80.39
April 2011	80.59	80.42
May 2011	80.52	80.43
June 2011	80.45	80.45
July 2011	80.39	80.46
August 2011	80.40	80.46
September 2011	80.28	80.50
October 2011	80.22	80.50
November 2011	80.13	80.52
December 2011	80.14	80.54
January 2012	80.29	80.56
February 2012	80.43	80.63
March 2012	80.54	80.69
April 2012	80.76	80.78
May 2012	80.84	80.85
June 2012	80.87	80.92
July 2012	80.84	80.95
August 2012	80.64	80.98
September 2012	80.56	81.02
October 2012	80.60	81.04
November 2012	80.65	81.07
December 2012	80.68	81.10
January 2013	80.66	81.14
February 2013	80.67	81.17
March 2013	80.71	81.19
April 2013	80.65	81.17
May 2013	80.64	81.12
June 2013	80.69	81.13
July 2013	80.79	81.15
August 2013	80.91	81.19
September 2013	80.93	81.20
October 2013	80.96	81.21
November 2013	80.97	81.23
December 2013	81.05	81.24
January 2014	81.04	81.30
February 2014	81.01	81.33
March 2014	81.00	81.35
April 2014	80.88	81.37
May 2014	80.86	81.48
June 2014	80.83	81.55
July 2014	80.90	81.61
August 2014	81.00	81.64
September 2014	81.24	81.70
October 2014	81.34	81.80
November 2014	81.44	81.89
December 2014	81.46	81.99
January 2015	81.59	82.06
February 2015	81.71	82.12
March 2015	81.82	82.17
April 2015	81.99	82.23
May 2015	81.99	82.28
June 2015	82.02	82.34
July 2015	81.91	82.43
August 2015	81.88	82.53
September 2015	81.83	82.62
October 2015	81.75	82.68
November 2015	81.75	82.71
December 2015	81.81	82.72
January 2016	81.84	82.73
February 2016	81.87	82.75
March 2016	81.87	82.76
April 2016	81.92	82.83
May 2016	82.02	82.91
June 2016	82.17	82.92
July 2016	82.35	82.94
August 2016	82.41	82.95
September 2016	82.44	82.98
October 2016	82.47	83.01
November 2016	82.43	83.06
December 2016	82.44	83.06
January 2017	82.46	83.07
February 2017	82.46	83.15
March 2017	82.43	83.21
April 2017	82.39	83.26
May 2017	82.42	83.29
June 2017	82.47	83.34
July 2017	82.51	83.37
August 2017	82.56	83.39
September 2017	82.61	83.45
October 2017	82.69	83.47
November 2017	82.74	83.51
December 2017	82.74	83.61
January 2018	82.73	83.70
February 2018	82.80	83.75
March 2018	82.95	83.82
April 2018	83.07	83.85
May 2018	83.19	83.91
June 2018	83.22	83.98
July 2018	83.26	84.06
August 2018	83.26	84.15
September 2018	83.32	84.17
October 2018	83.36	84.19
November 2018	83.43	84.21
December 2018	83.48	84.19
January 2019	83.68	84.24

Source: References listed in box note 2.

Return to text

Figure 6. Measures of change in hourly compensation

Quarterly
Percent change from year earlier

Period	Compensation per hour, business sector	Employment cost index, private sector
2003:Q1	2.31	3.63
2003:Q2	3.37	3.48
2003:Q3	4.16	3.90
2003:Q4	5.27	4.00
2004:Q1	4.60	3.83
2004:Q2	4.55	3.90
2004:Q3	5.01	3.76
2004:Q4	4.40	3.85
2005:Q1	5.05	3.48
2005:Q2	3.45	3.13
2005:Q3	3.01	2.90
2005:Q4	3.05	2.88
2006:Q1	4.55	2.65
2006:Q2	4.10	2.83
2006:Q3	2.92	3.02
2006:Q4	3.89	3.20
2007:Q1	4.25	3.17
2007:Q2	4.61	3.15
2007:Q3	4.94	3.12
2007:Q4	4.10	3.00
2008:Q1	2.56	3.17
2008:Q2	2.47	2.96
2008:Q3	2.86	2.84
2008:Q4	2.94	2.45
2009:Q1	-0.63	1.86
2009:Q2	1.62	1.48
2009:Q3	1.48	1.20
2009:Q4	1.07	1.19
2010:Q1	2.93	1.65
2010:Q2	1.59	1.92
2010:Q3	1.36	2.00
2010:Q4	1.20	2.09
2011:Q1	3.71	1.98
2011:Q2	2.11	2.33
2011:Q3	2.20	2.14
2011:Q4	0.52	2.22
2012:Q1	1.18	2.12
2012:Q2	2.25	1.84
2012:Q3	1.78	1.92
2012:Q4	5.91	1.83
2013:Q1	2.09	1.90
2013:Q2	2.30	1.89
2013:Q3	1.79	1.88
2013:Q4	-0.26	1.96
2014:Q1	3.46	1.70
2014:Q2	1.78	2.02
2014:Q3	2.55	2.27
2014:Q4	2.81	2.35
2015:Q1	1.71	2.75
2015:Q2	3.54	1.90
2015:Q3	3.67	1.89
2015:Q4	2.49	1.88
2016:Q1	1.24	1.79
2016:Q2	0.38	2.35
2016:Q3	0.50	2.26
2016:Q4	2.08	2.17
2017:Q1	3.09	2.31
2017:Q2	3.34	2.38
2017:Q3	4.12	2.52
2017:Q4	3.03	2.59
2018:Q1	3.09	2.81
2018:Q2	2.89	2.86
2018:Q3	2.22	2.92
2018:Q4	ND	2.99

Note: Business-sector compensation is on a 4-quarter percentage change basis and extends through 2018:Q3. For the private-sector employment cost index, change is over the 12 months ending in the last month of each quarter.

Source: Bureau of Labor Statistics via Haver Analytics.

Monthly
Percent change from year earlier

Period	Average hourly earnings, private sector	Atlanta Fed's Wage Growth Tracker
January 2003	ND	3.7
February 2003	ND	3.9
March 2003	ND	3.7
April 2003	ND	3.5
May 2003	ND	3.5
June 2003	ND	3.6
July 2003	ND	3.7
August 2003	ND	3.5
September 2003	ND	3.5
October 2003	ND	3.4
November 2003	ND	3.3
December 2003	ND	3.3
January 2004	ND	3.3
February 2004	ND	3.4
March 2004	ND	3.4
April 2004	ND	3.4
May 2004	ND	3.4
June 2004	ND	3.3
July 2004	ND	3.4
August 2004	ND	3.5
September 2004	ND	3.7
October 2004	ND	3.7
November 2004	ND	3.7
December 2004	ND	3.6
January 2005	ND	3.6
February 2005	ND	3.5
March 2005	ND	3.6
April 2005	ND	3.5
May 2005	ND	3.6
June 2005	ND	3.8
July 2005	ND	4.0
August 2005	ND	4.0
September 2005	ND	4.1
October 2005	ND	4.1
November 2005	ND	4.2
December 2005	ND	4.1
January 2006	ND	4.0
February 2006	ND	3.8
March 2006	ND	3.8
April 2006	ND	3.8
May 2006	ND	3.9
June 2006	ND	3.8
July 2006	ND	3.7
August 2006	ND	3.8
September 2006	ND	3.8
October 2006	ND	3.8
November 2006	ND	3.9
December 2006	ND	4.0
January 2007	ND	4.2
February 2007	ND	4.1
March 2007	3.44	4.3
April 2007	3.08	4.1
May 2007	3.48	4.1
June 2007	3.56	4.0
July 2007	3.25	4.2
August 2007	3.35	4.3
September 2007	3.14	4.4
October 2007	3.08	4.3
November 2007	3.07	4.3
December 2007	2.97	4.1
January 2008	2.91	3.9
February 2008	2.80	3.9
March 2008	3.04	4.0
April 2008	2.84	4.1
May 2008	3.07	4.1
June 2008	2.77	4.1
July 2008	3.05	4.1
August 2008	3.33	4.0
September 2008	3.23	4.0
October 2008	3.27	4.0
November 2008	3.60	4.0
December 2008	3.59	3.8
January 2009	3.63	3.6
February 2009	3.43	3.4
March 2009	3.28	3.3
April 2009	3.42	3.2
May 2009	2.93	3.3
June 2009	2.83	3.1
July 2009	2.69	2.9
August 2009	2.44	2.5
September 2009	2.44	2.3
October 2009	2.53	2.1
November 2009	2.19	2.1
December 2009	1.91	1.7
January 2010	2.05	1.6
February 2010	2.09	1.7
March 2010	1.81	1.9
April 2010	1.76	1.9
May 2010	1.90	1.6
June 2010	1.76	1.7
July 2010	1.85	1.8
August 2010	1.75	2.0
September 2010	1.84	1.9
October 2010	1.93	1.7
November 2010	1.65	1.7
December 2010	1.79	1.7
January 2011	1.92	1.9
February 2011	1.87	1.9
March 2011	1.87	1.9
April 2011	1.91	1.9
May 2011	2.04	2.0
June 2011	2.13	2.0
July 2011	2.30	2.1
August 2011	1.99	2.2
September 2011	1.94	2.1
October 2011	2.07	2.2
November 2011	2.02	2.0
December 2011	1.98	2.0
January 2012	1.71	1.9
February 2012	1.79	1.9
March 2012	2.10	2.0
April 2012	2.09	2.2
May 2012	1.78	2.1
June 2012	2.00	2.3
July 2012	1.77	2.1
August 2012	1.86	2.1
September 2012	2.03	2.1
October 2012	1.51	2.1
November 2012	1.90	2.3
December 2012	2.24	2.3
January 2013	2.24	2.3
February 2013	2.15	2.3
March 2013	1.93	2.2
April 2013	2.05	2.2
May 2013	2.14	2.2
June 2013	2.13	2.1
July 2013	2.00	2.3
August 2013	2.26	2.3
September 2013	2.04	2.4
October 2013	2.25	2.2
November 2013	2.24	2.0
December 2013	1.85	2.2
January 2014	1.89	2.3
February 2014	2.27	2.5
March 2014	2.10	2.4
April 2014	1.93	2.3
May 2014	2.09	2.3
June 2014	1.96	2.3
July 2014	2.04	2.4
August 2014	2.16	2.4
September 2014	2.08	2.6
October 2014	2.03	2.8
November 2014	2.03	2.9
December 2014	1.99	2.9
January 2015	2.19	3.0
February 2015	1.93	3.0
March 2015	2.22	3.2
April 2015	2.26	3.3
May 2015	2.34	3.3
June 2015	2.25	3.2
July 2015	2.17	3.2
August 2015	2.20	3.1
September 2015	2.28	3.0
October 2015	2.52	2.9
November 2015	2.43	3.1
December 2015	2.47	3.1
January 2016	2.55	3.1
February 2016	2.42	3.2
March 2016	2.45	3.2
April 2016	2.61	3.4
May 2016	2.40	3.5
June 2016	2.60	3.6
July 2016	2.76	3.4
August 2016	2.55	3.3
September 2016	2.63	3.6
October 2016	2.66	3.9
November 2016	2.61	3.9
December 2016	2.65	3.5
January 2017	2.40	3.2
February 2017	2.72	3.2
March 2017	2.55	3.4
April 2017	2.47	3.5
May 2017	2.54	3.4
June 2017	2.50	3.2
July 2017	2.57	3.3
August 2017	2.57	3.4
September 2017	2.83	3.6
October 2017	2.32	3.4
November 2017	2.47	3.2
December 2017	2.74	2.9
January 2018	2.81	3.0
February 2018	2.57	2.9
March 2018	2.80	3.3
April 2018	2.79	3.3
May 2018	2.94	3.2
June 2018	2.93	3.2
July 2018	2.85	3.3
August 2018	3.18	3.5
September 2018	2.98	3.5
October 2018	3.32	3.7
November 2018	3.31	3.9
December 2018	3.34	3.8
January 2019	3.18	3.7

Note: For private-sector average hourly earnings, the data are 12-month percent changes and begin in March 2007; for the Atlanta Fed's Wage Growth Tracker, the data are shown as a 3-month moving average of the 12-month percent change.

Source: Bureau of Labor Statistics via Haver Analytics; Federal Reserve Bank of Atlanta, Wage Growth Tracker.

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Figure 7. Change in business-sector output per hour

Percent, annual rate

Period	Percent change
1948-1973	3.21
1974-1995	1.59
1996-2000	3.19
2001-2007	2.67
2008-2017	1.33
2018	1.99

Note: Changes are measured from Q4 of the year immediately preceding the period through Q4 of the final year of the period. The bar for 2018 reports growth from 2017:Q4 through 2018:Q3 at an annual rate.

Source: Bureau of Labor Statistics via Haver Analytics.

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Figure 8. Change in the price index for personal consumption expenditures

Monthly
12-month percent change

Period	Total	Excluding food and energy	Trimmed mean
January 2012	2.63	2.13	2.10
February 2012	2.58	2.10	2.03
March 2012	2.35	2.11	2.02
April 2012	2.06	2.04	2.00
May 2012	1.63	1.89	1.93
June 2012	1.59	1.88	1.90
July 2012	1.45	1.82	1.85
August 2012	1.54	1.67	1.79
September 2012	1.70	1.72	1.80
October 2012	1.99	1.91	1.78
November 2012	1.72	1.80	1.70
December 2012	1.65	1.71	1.62
January 2013	1.47	1.59	1.58
February 2013	1.60	1.55	1.62
March 2013	1.28	1.48	1.57
April 2013	1.07	1.41	1.43
May 2013	1.25	1.42	1.40
June 2013	1.53	1.49	1.50
July 2013	1.62	1.51	1.55
August 2013	1.43	1.57	1.54
September 2013	1.16	1.55	1.52
October 2013	1.03	1.52	1.53
November 2013	1.25	1.58	1.61
December 2013	1.46	1.63	1.66
January 2014	1.47	1.52	1.63
February 2014	1.14	1.45	1.56
March 2014	1.48	1.58	1.60
April 2014	1.77	1.69	1.76
May 2014	1.85	1.74	1.81
June 2014	1.76	1.69	1.78
July 2014	1.80	1.77	1.81
August 2014	1.63	1.69	1.76
September 2014	1.62	1.71	1.76
October 2014	1.43	1.58	1.74
November 2014	1.23	1.52	1.72
December 2014	0.84	1.46	1.68
January 2015	0.17	1.34	1.58
February 2015	0.27	1.39	1.64
March 2015	0.28	1.35	1.62
April 2015	0.14	1.32	1.63
May 2015	0.24	1.28	1.61
June 2015	0.33	1.30	1.63
July 2015	0.27	1.22	1.61
August 2015	0.30	1.28	1.67
September 2015	0.13	1.29	1.67
October 2015	0.15	1.22	1.62
November 2015	0.31	1.26	1.60
December 2015	0.41	1.25	1.58
January 2016	0.97	1.47	1.69
February 2016	0.75	1.55	1.71
March 2016	0.68	1.48	1.70
April 2016	0.96	1.56	1.71
May 2016	0.89	1.60	1.75
June 2016	0.86	1.58	1.72
July 2016	0.85	1.69	1.75
August 2016	1.00	1.78	1.77
September 2016	1.25	1.72	1.78
October 2016	1.49	1.86	1.88
November 2016	1.46	1.78	1.89
December 2016	1.74	1.85	1.96
January 2017	2.05	1.90	2.02
February 2017	2.18	1.87	1.97
March 2017	1.86	1.64	1.90
April 2017	1.78	1.64	1.86
May 2017	1.61	1.59	1.82
June 2017	1.51	1.62	1.81
July 2017	1.48	1.50	1.74
August 2017	1.54	1.41	1.72
September 2017	1.77	1.48	1.73
October 2017	1.71	1.58	1.73
November 2017	1.87	1.61	1.76
December 2017	1.81	1.64	1.78
January 2018	1.75	1.63	1.79
February 2018	1.85	1.66	1.80
March 2018	2.07	1.96	1.86
April 2018	2.05	1.89	1.84
May 2018	2.25	1.98	1.91
June 2018	2.28	1.95	1.97
July 2018	2.36	2.04	2.03
August 2018	2.21	1.95	2.02
September 2018	1.99	1.96	1.99
October 2018	2.01	1.82	1.94
November 2018	1.84	1.88	1.97
December 2018	1.74	1.87	ND

Note: The data for total and excluding food and energy extend through December 2018; final values are staff estimates. The trimmed data extend through November 2018.

Source: For trimmed mean, Federal Reserve Bank of Dallas; for all else, Bureau of Economic Analysis; all via Haver Analytics.

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Figure 9. Spot and futures prices for crude oil

Series: Brent spot price and 24-month-ahead futures contracts

Horizon: January 1, 2014, to February 20, 2019

Description: The data are weekly averages of daily data and are plotted as two lines. Units for both the spot price and the futures contracts series are in dollars per barrel along the right axis. The lines follow a similar, somewhat volatile pattern and intersect at multiple points over the time horizon. Both series begin in 2014 at around 100 and are fairly constant until the latter half of 2014. In mid-2014, both series begin to decline, falling sharply through the end of the year before partially rebounding over the first few months of 2015. Both series then decline steadily and reach their respective troughs by the start of 2016. Both series increase moderately over the rest of 2016 but start to level off in early 2017. They subsequently decline modestly through mid-2017, after which both series begin to increase once again, with the spot price series increasing more rapidly than the futures contracts series over the second half of 2017. Each series reaches a peak in early 2018, after which they decline sharply toward a trough around the end of 2018. Both series then rise to around 65, with the spot price series ending slightly above the futures series.

The spot price series starts at around 110 in January 2014. The series fluctuates around 110 through the first half of 2014. In the second half of 2014, the series declines dramatically from above 110 to below 50 in January 2015. In 2015:Q1, the series rebounds to around 60 before dropping slightly to near 55. In 2015:Q2, the series increases to above 65 and then declines to about 45 in the middle of 2015:Q3. From the beginning of 2015:Q4 to the beginning of 2016:Q1, the series declines from about 50 to just under 30. The series gradually increases over the remainder of 2016 and the beginning of 2017 to about 55 in February 2017. The series then falls to about 45 in mid-June and increases to about 70 in January 2018. The series slightly declines in February to just under 65 and then resumes rising to around 85 in September. The series drops sharply to 50 at the end of 2018. The series then recovers and ends around 65.

The 24-month-ahead futures contracts series starts at around 100 in 2014 and is relatively unchanged until the middle of 2014. Starting in 2014:Q3, the series drops dramatically to about 70 in January 2015. The series stays at around 70 before another decline to about 60 by 2015:Q3. The series remains at around 60 in the beginning of 2015:Q4 but then declines to just above 40 in 2016:Q1. The series gradually increases over the first half of 2016 to about 55 by the middle of June and fluctuates between 50 and 60 through June 2017. The series then increases through January 2018, slightly dips in February, then resumes increasing, reaching a peak of about 75 in September. The series then declines sharply to around 55 before rising back up to end just under 65.

Note: The data are weekly averages of daily data and extend through February 20, 2019.

Source: ICE Brent Futures via Bloomberg.

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Figure 10. Nonfuel import prices and industrial metals indexes

Monthly
January 2014 = 100

Period	Nonfuel import prices	Industrial metals
January 2014	100.00	100.00
February 2014	100.00	98.33
March 2014	100.34	95.89
April 2014	100.34	98.90
May 2014	100.34	100.23
June 2014	100.25	101.31
July 2014	100.34	106.34
August 2014	100.34	106.53
September 2014	100.17	104.33
October 2014	100.08	101.23
November 2014	99.83	102.29
December 2014	99.75	97.77
January 2015	99.08	91.10
February 2015	98.91	90.33
March 2015	98.49	90.09
April 2015	98.16	92.20
May 2015	98.16	95.08
June 2015	97.99	88.40
July 2015	97.74	83.67
August 2015	97.40	78.54
September 2015	97.15	78.83
October 2015	96.90	77.98
November 2015	96.65	73.01
December 2015	96.31	72.05
January 2016	96.23	70.26
February 2016	96.14	72.82
March 2016	96.06	75.95
April 2016	96.14	76.31
May 2016	96.40	74.94
June 2016	96.23	75.92
July 2016	96.56	79.82
August 2016	96.56	79.59
September 2016	96.56	79.14
October 2016	96.56	80.66
November 2016	96.48	88.34
December 2016	96.48	89.97
January 2017	96.40	91.53
February 2017	96.73	95.17
March 2017	96.90	94.66
April 2017	97.15	92.84
May 2017	97.23	91.40
June 2017	97.32	91.57
July 2017	97.23	95.48
August 2017	97.49	102.56
September 2017	97.82	105.05
October 2017	97.90	108.19
November 2017	97.90	107.82
December 2017	97.74	107.69
January 2018	98.24	112.95
February 2018	98.66	112.51
March 2018	98.74	108.09
April 2018	98.83	110.99
May 2018	98.99	111.84
June 2018	98.74	111.93
July 2018	98.58	101.00
August 2018	98.41	98.87
September 2018	98.41	97.55
October 2018	98.49	99.23
November 2018	98.24	95.93
December 2018	98.24	94.66
January 2019	98.07	93.64
February 2019	ND	97.54

Note: The data for nonfuel import prices are monthly. The data for industrial metals are a monthly average of daily data and extend through February 20, 2019.

Source: For nonfuel import prices, Bureau of Labor Statistics; for industrial metals, S&P GSCI Industrial Metals Spot Index via Haver Analytics.

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Figure 11. Median inflation expectations

SPF expectations for next 10 years

Period	Percent
2007:Q1	2.00
2007:Q2	2.00
2007:Q3	2.10
2007:Q4	2.10
2008:Q1	2.20
2008:Q2	2.20
2008:Q3	2.20
2008:Q4	2.20
2009:Q1	2.20
2009:Q2	2.27
2009:Q3	2.15
2009:Q4	2.10
2010:Q1	2.10
2010:Q2	2.15
2010:Q3	2.10
2010:Q4	2.00
2011:Q1	2.10
2011:Q2	2.27
2011:Q3	2.25
2011:Q4	2.15
2012:Q1	2.15
2012:Q2	2.20
2012:Q3	2.20
2012:Q4	2.10
2013:Q1	2.00
2013:Q2	2.00
2013:Q3	2.00
2013:Q4	2.00
2014:Q1	2.00
2014:Q2	2.00
2014:Q3	2.00
2014:Q4	2.00
2015:Q1	2.00
2015:Q2	1.98
2015:Q3	2.00
2015:Q4	1.90
2016:Q1	1.97
2016:Q2	2.00
2016:Q3	2.00
2016:Q4	2.00
2017:Q1	2.10
2017:Q2	2.09
2017:Q3	2.00
2017:Q4	2.00
2018:Q1	2.00
2018:Q2	2.00
2018:Q3	2.00
2018:Q4	2.00

Note: The SPF data for inflation expectations for personal consumption expenditures are quarterly and begin in 2007:Q1.

Source: Federal Reserve Bank of Philadelphia, Survey of Professional Forecasters (SPF).

Michigan survey expectations for next 5 to 10 years

Period	Percent
January 2005	2.7
February 2005	2.8
March 2005	2.9
April 2005	3.0
May 2005	2.9
June 2005	2.8
July 2005	2.9
August 2005	2.8
September 2005	3.1
October 2005	3.2
November 2005	3.0
December 2005	3.1
January 2006	2.9
February 2006	2.9
March 2006	2.9
April 2006	3.1
May 2006	3.2
June 2006	2.9
July 2006	2.9
August 2006	3.2
September 2006	3.0
October 2006	3.1
November 2006	3.0
December 2006	3.0
January 2007	3.0
February 2007	2.9
March 2007	2.9
April 2007	3.1
May 2007	3.1
June 2007	2.9
July 2007	3.1
August 2007	2.9
September 2007	2.9
October 2007	2.8
November 2007	2.9
December 2007	3.1
January 2008	3.0
February 2008	3.0
March 2008	2.9
April 2008	3.2
May 2008	3.4
June 2008	3.4
July 2008	3.2
August 2008	3.2
September 2008	3.0
October 2008	2.9
November 2008	2.9
December 2008	2.6
January 2009	2.9
February 2009	3.1
March 2009	2.6
April 2009	2.8
May 2009	2.9
June 2009	3.0
July 2009	3.0
August 2009	2.8
September 2009	2.8
October 2009	2.9
November 2009	3.0
December 2009	2.7
January 2010	2.9
February 2010	2.7
March 2010	2.7
April 2010	2.7
May 2010	2.9
June 2010	2.8
July 2010	2.9
August 2010	2.8
September 2010	2.7
October 2010	2.8
November 2010	2.8
December 2010	2.8
January 2011	2.9
February 2011	2.9
March 2011	3.2
April 2011	2.9
May 2011	2.9
June 2011	3.0
July 2011	2.9
August 2011	2.9
September 2011	2.8
October 2011	2.7
November 2011	2.7
December 2011	2.7
January 2012	2.7
February 2012	2.9
March 2012	3.0
April 2012	2.9
May 2012	2.7
June 2012	2.8
July 2012	2.7
August 2012	3.0
September 2012	2.8
October 2012	2.7
November 2012	2.8
December 2012	2.9
January 2013	2.9
February 2013	3.0
March 2013	2.8
April 2013	2.9
May 2013	2.9
June 2013	2.9
July 2013	2.8
August 2013	2.9
September 2013	3.0
October 2013	2.8
November 2013	2.9
December 2013	2.7
January 2014	2.9
February 2014	2.9
March 2014	2.9
April 2014	2.9
May 2014	2.8
June 2014	2.9
July 2014	2.7
August 2014	2.9
September 2014	2.8
October 2014	2.8
November 2014	2.6
December 2014	2.8
January 2015	2.8
February 2015	2.7
March 2015	2.8
April 2015	2.6
May 2015	2.8
June 2015	2.6
July 2015	2.8
August 2015	2.7
September 2015	2.7
October 2015	2.5
November 2015	2.6
December 2015	2.6
January 2016	2.7
February 2016	2.5
March 2016	2.7
April 2016	2.5
May 2016	2.5
June 2016	2.6
July 2016	2.6
August 2016	2.5
September 2016	2.6
October 2016	2.4
November 2016	2.6
December 2016	2.3
January 2017	2.6
February 2017	2.5
March 2017	2.4
April 2017	2.4
May 2017	2.4
June 2017	2.5
July 2017	2.6
August 2017	2.5
September 2017	2.5
October 2017	2.5
November 2017	2.4
December 2017	2.4
January 2018	2.5
February 2018	2.5
March 2018	2.5
April 2018	2.5
May 2018	2.5
June 2018	2.6
July 2018	2.4
August 2018	2.6
September 2018	2.5
October 2018	2.4
November 2018	2.6
December 2018	2.5
January 2019	2.6
February 2019	2.3

Note: The Michigan survey data are monthly and extend through February 2019; the February data are preliminary.

Source: University of Michigan Surveys of Consumers.

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Figure 12. 5-to-10-year-forward inflation compensation

Series: Inflation swaps and TIPS breakeven rates

Horizon: January 3, 2011, to February 15, 2019

Description: The data are weekly averages of daily data that are plotted as two curves. Units for both series are percent and are along the right axis. The two curves follow a generally similar path, with the inflation swaps somewhat higher than the TIPS breakeven rates.

The inflation swap series starts at around 3 in January 2011, where it hovers before decreasing to approximately 2.5 in 2011:Q4. The series fluctuates between 2.5 and 3 throughout most of 2012. The series remains fairly constant, wavering between 2.9 and 3.1 in the first half of 2013. In June and July of 2013, the series fluctuates between 2.7 and 2.9. It remains steady until July 2014; during this time, the series drops from a high of around 2.9 to a low of around 2.1 in February 2015. The series continues to pick up and drop off from February 2015 to October 2016. In January 2016, the series falls below 2, wavering between 1.8 and 2. In October 2016, the series begins to tick up slowly, reaching approximately 2.5 before falling to around 2.1 in June 2017. From June 2017 to December 2018, the series slowly picks up until it falls to around 2.1 in January 2019. In the first weeks of February 2019, the series picks up to approximately 2.2.

The TIPS breakeven rates series begins around 3 in January 2011 and hovers between 2.9 and 3.1 until mid-February. The series then falls to approximately 2.3 in November 2011. It begins to pick up to 2.9 and fall off to 2.4 periodically through August 2014. From 2014 to 2015, the series mostly trends down. It falls to around 1.4 in February 2016 and then picks up to around 1.7 in May 2016. The series trends down to around 1.5 in September 2016 and then picks up to approximately 2 in December 2016. It hovers between 1.75 and 2 until April 2018. Between April and November 2018, the series remains fairly steady, moving between 2 and 2.2. In late November 2018, the series trends down, eventually reaching around 1.8 in December 2018. The series picks up slightly between January and February 2019, ending at around 1.9.

Note: The data are weekly averages of daily data and extend through February 15, 2019. TIPS is Treasury Inflation-Protected Securities.

Source: Federal Reserve Bank of New York; Barclays; Federal Reserve Board staff estimates.

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Figure 13. Change in real gross domestic product and gross domestic income

Percent, annual rate

Period	Gross domestic product	Gross domestic income
2012	1.47	2.88
2013	2.61	1.50
2014	2.70	3.95
2015	2.00	1.38
2016	1.88	1.22
2017	2.47	2.25
2018:H1	3.18	2.38
2018:Q3	3.36	4.26

Source: Bureau of Economic Analysis via Haver Analytics.

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Figure 14. Change in real personal consumption expenditures and disposable personal income

Percent, annual rate

Period	Personal consumption expenditures	Disposable personal income
2012	1.57	4.89
2013	1.87	-2.49
2014	3.76	5.15
2015	3.02	3.11
2016	2.77	1.59
2017	2.70	2.78
2018:H1	2.15	3.10
2018:Q3	3.51	2.36

Source: Bureau of Economic Analysis via Haver Analytics.

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Figure 15. Personal saving rate

Monthly

Period	Percent
January 2006	4.2
February 2006	4.2
March 2006	4.2
April 2006	4.0
May 2006	3.8
June 2006	4.0
July 2006	3.4
August 2006	3.6
September 2006	3.6
October 2006	3.6
November 2006	3.9
December 2006	3.7
January 2007	3.7
February 2007	4.1
March 2007	4.4
April 2007	4.2
May 2007	4.0
June 2007	3.8
July 2007	3.7
August 2007	3.4
September 2007	3.5
October 2007	3.4
November 2007	3.1
December 2007	3.6
January 2008	3.7
February 2008	4.1
March 2008	4.0
April 2008	3.4
May 2008	7.8
June 2008	5.5
July 2008	4.4
August 2008	3.8
September 2008	4.7
October 2008	5.5
November 2008	6.4
December 2008	6.4
January 2009	6.2
February 2009	5.5
March 2009	5.9
April 2009	6.8
May 2009	8.2
June 2009	6.7
July 2009	6.0
August 2009	4.9
September 2009	5.9
October 2009	5.4
November 2009	5.9
December 2009	5.9
January 2010	6.1
February 2010	5.8
March 2010	5.7
April 2010	6.4
May 2010	7.0
June 2010	6.9
July 2010	6.8
August 2010	6.9
September 2010	6.7
October 2010	6.6
November 2010	6.6
December 2010	7.1
January 2011	7.4
February 2011	7.6
March 2011	7.0
April 2011	6.9
May 2011	6.9
June 2011	7.2
July 2011	7.3
August 2011	7.2
September 2011	6.8
October 2011	6.8
November 2011	7.0
December 2011	7.8
January 2012	8.0
February 2012	8.0
March 2012	8.5
April 2012	8.7
May 2012	8.8
June 2012	9.1
July 2012	8.2
August 2012	8.0
September 2012	8.2
October 2012	8.8
November 2012	9.7
December 2012	12.0
January 2013	6.3
February 2013	5.8
March 2013	5.9
April 2013	6.4
May 2013	6.7
June 2013	6.8
July 2013	6.6
August 2013	6.7
September 2013	6.8
October 2013	6.3
November 2013	6.2
December 2013	6.4
January 2014	7.1
February 2014	7.3
March 2014	7.4
April 2014	7.4
May 2014	7.4
June 2014	7.4
July 2014	7.5
August 2014	7.2
September 2014	7.4
October 2014	7.2
November 2014	7.3
December 2014	7.6
January 2015	7.7
February 2015	7.9
March 2015	7.4
April 2015	7.6
May 2015	7.5
June 2015	7.6
July 2015	7.6
August 2015	7.7
September 2015	7.7
October 2015	7.6
November 2015	7.2
December 2015	7.3
January 2016	7.7
February 2016	7.2
March 2016	7.5
April 2016	7.0
May 2016	6.6
June 2016	6.2
July 2016	6.4
August 2016	6.3
September 2016	6.3
October 2016	6.4
November 2016	6.4
December 2016	6.3
January 2017	6.7
February 2017	7.2
March 2017	7.0
April 2017	6.7
May 2017	6.9
June 2017	6.6
July 2017	6.7
August 2017	6.8
September 2017	6.6
October 2017	6.5
November 2017	6.2
December 2017	6.2
January 2018	7.0
February 2018	7.4
March 2018	7.2
April 2018	6.8
May 2018	6.6
June 2018	6.5
July 2018	6.3
August 2018	6.3
September 2018	6.3
October 2018	6.1
November 2018	6.0

Note: Data extend through November 2018.

Source: Bureau of Economic Analysis via Haver Analytics.

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Figure 16. Prices of existing single-family houses

Monthly
Percent change from year earlier

Period	S&P/Case-Shiller national index	Zillow index	CoreLogic price index
January 2008	-6.36	-3.20	-11.20
February 2008	-7.28	-4.00	-12.37
March 2008	-7.84	-4.85	-13.05
April 2008	-8.13	-5.79	-13.64
May 2008	-8.17	-6.73	-13.78
June 2008	-8.26	-7.45	-13.83
July 2008	-8.44	-7.93	-14.15
August 2008	-8.85	-8.42	-14.54
September 2008	-9.61	-8.95	-15.35
October 2008	-10.35	-9.25	-16.14
November 2008	-10.90	-9.56	-16.64
December 2008	-12.00	-9.76	-17.46
January 2009	-12.70	-9.83	-17.93
February 2009	-12.75	-9.85	-17.45
March 2009	-12.73	-9.87	-16.62
April 2009	-12.18	-9.90	-15.32
May 2009	-11.29	-9.89	-13.55
June 2009	-10.05	-9.89	-11.76
July 2009	-9.03	-9.65	-10.20
August 2009	-8.29	-9.30	-8.83
September 2009	-7.59	-8.89	-7.58
October 2009	-6.65	-8.46	-5.91
November 2009	-5.21	-7.85	-3.89
December 2009	-3.85	-7.23	-2.21
January 2010	-2.93	-6.48	-1.37
February 2010	-3.10	-5.66	-1.39
March 2010	-2.00	-5.13	-0.21
April 2010	-1.05	-4.82	0.90
May 2010	-0.78	-4.21	1.08
June 2010	-1.42	-3.24	0.67
July 2010	-2.13	-2.90	-0.20
August 2010	-2.83	-2.85	-1.23
September 2010	-3.37	-2.93	-2.16
October 2010	-3.67	-3.12	-2.83
November 2010	-4.14	-3.43	-3.59
December 2010	-4.12	-3.87	-3.68
January 2011	-4.10	-4.72	-3.61
February 2011	-3.72	-5.45	-3.55
March 2011	-4.05	-5.71	-4.35
April 2011	-4.30	-5.62	-4.54
May 2011	-4.32	-5.70	-4.43
June 2011	-3.90	-6.07	-3.89
July 2011	-3.54	-6.22	-3.03
August 2011	-3.17	-6.06	-2.29
September 2011	-3.06	-5.84	-1.59
October 2011	-3.30	-5.50	-1.34
November 2011	-3.64	-5.14	-1.32
December 2011	-3.90	-4.73	-0.95
January 2012	-3.51	-4.19	-0.31
February 2012	-2.72	-3.63	0.65
March 2012	-1.39	-3.06	1.98
April 2012	-0.48	-2.36	2.78
May 2012	0.27	-1.77	3.44
June 2012	0.88	-1.12	3.82
July 2012	1.38	-0.40	4.17
August 2012	2.07	0.27	4.74
September 2012	3.00	1.00	5.37
October 2012	4.03	1.54	6.07
November 2012	5.35	2.01	7.02
December 2012	6.45	2.55	7.86
January 2013	7.57	3.29	8.68
February 2013	8.33	3.77	9.32
March 2013	8.90	4.30	9.91
April 2013	9.03	4.69	9.95
May 2013	9.08	5.08	9.79
June 2013	9.27	5.54	9.39
July 2013	9.72	5.99	9.45
August 2013	10.17	6.30	9.62
September 2013	10.62	6.54	9.95
October 2013	10.83	6.78	10.18
November 2013	10.70	6.89	10.13
December 2013	10.72	6.93	9.96
January 2014	10.45	6.96	9.93
February 2014	10.16	7.00	9.90
March 2014	8.97	6.83	9.06
April 2014	7.96	6.66	8.08
May 2014	7.04	6.56	7.10
June 2014	6.26	6.19	6.37
July 2014	5.59	5.90	5.75
August 2014	5.05	5.74	5.34
September 2014	4.74	5.39	5.12
October 2014	4.61	5.12	5.16
November 2014	4.59	5.03	5.11
December 2014	4.52	4.89	5.01
January 2015	4.33	4.81	5.04
February 2015	4.24	4.85	5.15
March 2015	4.29	4.83	5.27
April 2015	4.31	4.80	5.31
May 2015	4.36	4.84	5.30
June 2015	4.36	5.00	5.27
July 2015	4.41	5.10	5.14
August 2015	4.48	4.96	5.13
September 2015	4.69	5.06	5.32
October 2015	4.91	5.22	5.41
November 2015	5.12	5.32	5.49
December 2015	5.23	5.48	5.68
January 2016	5.30	5.51	5.76
February 2016	5.20	5.55	5.70
March 2016	5.07	5.70	5.66
April 2016	5.02	5.84	5.64
May 2016	4.96	5.93	5.43
June 2016	4.91	6.07	5.18
July 2016	4.92	6.15	5.19
August 2016	5.02	6.46	5.22
September 2016	5.12	6.66	5.30
October 2016	5.16	6.86	5.43
November 2016	5.22	6.94	5.63
December 2016	5.34	7.02	5.58
January 2017	5.54	7.21	5.57
February 2017	5.61	7.33	5.76
March 2017	5.68	7.40	5.82
April 2017	5.68	7.58	5.75
May 2017	5.71	7.75	5.80
June 2017	5.75	7.59	5.94
July 2017	5.79	7.49	5.98
August 2017	5.88	7.50	6.03
September 2017	5.97	7.51	6.06
October 2017	6.07	7.30	6.13
November 2017	6.15	7.27	6.19
December 2017	6.26	7.38	6.18
January 2018	6.27	7.49	6.13
February 2018	6.48	7.70	6.42
March 2018	6.52	7.86	6.67
April 2018	6.48	7.70	6.63
May 2018	6.33	7.59	6.47
June 2018	6.19	7.65	6.16
July 2018	5.98	7.66	5.87
August 2018	5.71	7.56	5.55
September 2018	5.49	7.47	5.30
October 2018	5.33	7.63	5.11
November 2018	5.19	7.79	4.78
December 2018	ND	7.84	4.70
January 2019	ND	7.54	ND

Note: The data for the S&P/Case-Shiller index extend through November 2018. The data for the CoreLogic index extend through December 2018.

Source: CoreLogic Home Price Index; Zillow; S&P/Case-Shiller U.S. National Home Price Index. The S&P/Case-Shiller Index is a product of S&P Dow Jones Indices LLC and/or its affiliates. (For Dow Jones Indices licensing information, see the note on the Contents page: For figures 16 and 34, note that the S&P 500 Index and the Dow Jones Bank Index are products of S&P Dow Jones Indices LLC and/or its affiliates and have been licensed for use by the Board. Copyright © 2019 S&P Dow Jones Indices LLC, a division of S&P Global, and/or its affiliates. All rights reserved. Redistribution, reproduction, and/or photocopying in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC's indices please visit www.spdji.com. S&P® is a registered trademark of Standard & Poor's Financial Services LLC, and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent, and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.)

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Figure 17. Wealth-to-income ratio

Quarterly

Period	Ratio
1995:Q1	5.08
1995:Q2	5.15
1995:Q3	5.20
1995:Q4	5.26
1996:Q1	5.28
1996:Q2	5.28
1996:Q3	5.28
1996:Q4	5.34
1997:Q1	5.32
1997:Q2	5.48
1997:Q3	5.58
1997:Q4	5.55
1998:Q1	5.69
1998:Q2	5.70
1998:Q3	5.52
1998:Q4	5.78
1999:Q1	5.78
1999:Q2	5.91
1999:Q3	5.84
1999:Q4	6.13
2000:Q1	6.13
2000:Q2	6.01
2000:Q3	6.01
2000:Q4	5.86
2001:Q1	5.68
2001:Q2	5.82
2001:Q3	5.55
2001:Q4	5.81
2002:Q1	5.74
2002:Q2	5.57
2002:Q3	5.40
2002:Q4	5.48
2003:Q1	5.44
2003:Q2	5.60
2003:Q3	5.60
2003:Q4	5.81
2004:Q1	5.98
2004:Q2	6.01
2004:Q3	6.06
2004:Q4	6.20
2005:Q1	6.35
2005:Q2	6.44
2005:Q3	6.54
2005:Q4	6.59
2006:Q1	6.68
2006:Q2	6.61
2006:Q3	6.59
2006:Q4	6.67
2007:Q1	6.65
2007:Q2	6.63
2007:Q3	6.58
2007:Q4	6.42
2008:Q1	6.14
2008:Q2	5.85
2008:Q3	5.72
2008:Q4	5.41
2009:Q1	5.35
2009:Q2	5.34
2009:Q3	5.48
2009:Q4	5.51
2010:Q1	5.54
2010:Q2	5.37
2010:Q3	5.45
2010:Q4	5.59
2011:Q1	5.59
2011:Q2	5.58
2011:Q3	5.35
2011:Q4	5.44
2012:Q1	5.49
2012:Q2	5.44
2012:Q3	5.63
2012:Q4	5.53
2013:Q1	5.99
2013:Q2	6.09
2013:Q3	6.26
2013:Q4	6.43
2014:Q1	6.39
2014:Q2	6.40
2014:Q3	6.34
2014:Q4	6.40
2015:Q1	6.48
2015:Q2	6.45
2015:Q3	6.31
2015:Q4	6.43
2016:Q1	6.42
2016:Q2	6.46
2016:Q3	6.58
2016:Q4	6.63
2017:Q1	6.67
2017:Q2	6.73
2017:Q3	6.80
2017:Q4	6.88
2018:Q1	6.85
2018:Q2	6.95
2018:Q3	7.01

Note: Data extend through 2018:Q3. The series is the ratio of household net worth to disposable personal income.

Source: For net worth, Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States"; for income, Bureau of Economic Analysis via Haver Analytics.

Return to text

Figure 18. Indexes of consumer sentiment

Monthly

Period	Conference Board (Index)	Michigan survey (Index)
January 2000	144.7	112.0
February 2000	140.8	111.3
March 2000	137.1	107.1
April 2000	137.7	109.2
May 2000	144.7	110.7
June 2000	139.2	106.4
July 2000	143.0	108.3
August 2000	140.8	107.3
September 2000	142.5	106.8
October 2000	135.8	105.8
November 2000	132.6	107.6
December 2000	128.6	98.4
January 2001	115.7	94.7
February 2001	109.2	90.6
March 2001	116.9	91.5
April 2001	109.9	88.4
May 2001	116.1	92.0
June 2001	118.9	92.6
July 2001	116.3	92.4
August 2001	114.0	91.5
September 2001	97.0	81.8
October 2001	85.3	82.7
November 2001	84.9	83.9
December 2001	94.6	88.8
January 2002	97.8	93.0
February 2002	95.0	90.7
March 2002	110.7	95.7
April 2002	108.5	93.0
May 2002	110.3	96.9
June 2002	106.3	92.4
July 2002	97.4	88.1
August 2002	94.5	87.6
September 2002	93.7	86.1
October 2002	79.6	80.6
November 2002	84.9	84.2
December 2002	80.7	86.7
January 2003	78.8	82.4
February 2003	64.8	79.9
March 2003	61.4	77.6
April 2003	81.0	86.0
May 2003	83.6	92.1
June 2003	83.5	89.7
July 2003	77.0	90.9
August 2003	81.7	89.3
September 2003	77.0	87.7
October 2003	81.7	89.6
November 2003	92.5	93.7
December 2003	94.8	92.6
January 2004	97.7	103.8
February 2004	88.5	94.4
March 2004	88.5	95.8
April 2004	93.0	94.2
May 2004	93.1	90.2
June 2004	102.8	95.6
July 2004	105.7	96.7
August 2004	98.7	95.9
September 2004	96.7	94.2
October 2004	92.9	91.7
November 2004	92.6	92.8
December 2004	102.7	97.1
January 2005	105.1	95.5
February 2005	104.4	94.1
March 2005	103.0	92.6
April 2005	97.5	87.7
May 2005	103.1	86.9
June 2005	106.2	96.0
July 2005	103.6	96.5
August 2005	105.5	89.1
September 2005	87.5	76.9
October 2005	85.2	74.2
November 2005	98.3	81.6
December 2005	103.8	91.5
January 2006	106.8	91.2
February 2006	102.7	86.7
March 2006	107.5	88.9
April 2006	109.8	87.4
May 2006	104.7	79.1
June 2006	105.4	84.9
July 2006	107.0	84.7
August 2006	100.2	82.0
September 2006	105.9	85.4
October 2006	105.1	93.6
November 2006	105.3	92.1
December 2006	110.0	91.7
January 2007	110.2	96.9
February 2007	111.2	91.3
March 2007	108.2	88.4
April 2007	106.3	87.1
May 2007	108.5	88.3
June 2007	105.3	85.3
July 2007	111.9	90.4
August 2007	105.6	83.4
September 2007	99.5	83.4
October 2007	95.2	80.9
November 2007	87.8	76.1
December 2007	90.6	75.5
January 2008	87.3	78.4
February 2008	76.4	70.8
March 2008	65.9	69.5
April 2008	62.8	62.6
May 2008	58.1	59.8
June 2008	51.0	56.4
July 2008	51.9	61.2
August 2008	58.5	63.0
September 2008	61.4	70.3
October 2008	38.8	57.6
November 2008	44.7	55.3
December 2008	38.6	60.1
January 2009	37.4	61.2
February 2009	25.3	56.3
March 2009	26.9	57.3
April 2009	40.8	65.1
May 2009	54.8	68.7
June 2009	49.3	70.8
July 2009	47.4	66.0
August 2009	54.5	65.7
September 2009	53.4	73.5
October 2009	48.7	70.6
November 2009	50.6	67.4
December 2009	53.6	72.5
January 2010	56.5	74.4
February 2010	46.4	73.6
March 2010	52.3	73.6
April 2010	57.7	72.2
May 2010	62.7	73.6
June 2010	54.3	76.0
July 2010	51.0	67.8
August 2010	53.2	68.9
September 2010	48.6	68.2
October 2010	49.9	67.7
November 2010	57.8	71.6
December 2010	63.4	74.5
January 2011	64.8	74.2
February 2011	72.0	77.5
March 2011	63.8	67.5
April 2011	66.0	69.8
May 2011	61.7	74.3
June 2011	57.6	71.5
July 2011	59.2	63.7
August 2011	45.2	55.8
September 2011	46.4	59.5
October 2011	40.9	60.8
November 2011	55.2	63.7
December 2011	64.8	69.9
January 2012	61.5	75.0
February 2012	71.6	75.3
March 2012	69.5	76.2
April 2012	68.7	76.4
May 2012	64.4	79.3
June 2012	62.7	73.2
July 2012	65.4	72.3
August 2012	61.3	74.3
September 2012	68.4	78.3
October 2012	73.1	82.6
November 2012	71.5	82.7
December 2012	66.7	72.9
January 2013	58.4	73.8
February 2013	68.0	77.6
March 2013	61.9	78.6
April 2013	69.0	76.4
May 2013	74.3	84.5
June 2013	82.1	84.1
July 2013	81.0	85.1
August 2013	81.8	82.1
September 2013	80.2	77.5
October 2013	72.4	73.2
November 2013	72.0	75.1
December 2013	77.5	82.5
January 2014	79.4	81.2
February 2014	78.3	81.6
March 2014	83.9	80.0
April 2014	81.7	84.1
May 2014	82.2	81.9
June 2014	86.4	82.5
July 2014	90.3	81.8
August 2014	93.4	82.5
September 2014	89.0	84.6
October 2014	94.1	86.9
November 2014	91.0	88.8
December 2014	93.1	93.6
January 2015	103.8	98.1
February 2015	98.8	95.4
March 2015	101.4	93.0
April 2015	94.3	95.9
May 2015	94.6	90.7
June 2015	99.8	96.1
July 2015	91.0	93.1
August 2015	101.3	91.9
September 2015	102.6	87.2
October 2015	99.1	90.0
November 2015	92.6	91.3
December 2015	96.3	92.6
January 2016	97.8	92.0
February 2016	94.0	91.7
March 2016	96.1	91.0
April 2016	94.7	89.0
May 2016	92.4	94.7
June 2016	97.4	93.5
July 2016	96.7	90.0
August 2016	101.8	89.8
September 2016	103.5	91.2
October 2016	100.8	87.2
November 2016	109.4	93.8
December 2016	113.3	98.2
January 2017	111.6	98.5
February 2017	116.1	96.3
March 2017	124.9	96.9
April 2017	119.4	97.0
May 2017	117.6	97.1
June 2017	117.3	95.0
July 2017	120.0	93.4
August 2017	120.4	96.8
September 2017	120.6	95.1
October 2017	126.2	100.7
November 2017	128.6	98.5
December 2017	123.1	95.9
January 2018	124.3	95.7
February 2018	130.0	99.7
March 2018	127.0	101.4
April 2018	125.6	98.8
May 2018	128.8	98.0
June 2018	127.1	98.2
July 2018	127.9	97.9
August 2018	134.7	96.2
September 2018	135.3	100.1
October 2018	137.9	98.6
November 2018	136.4	97.5
December 2018	126.6	98.3
January 2019	120.2	91.2
February 2019	ND	95.5

Note: The data are monthly. Michigan data extend through February 2019; the February data are preliminary. The Conference Board data are indexed to 100 in 1985. The Michigan survey data are indexed to 100 in 1966.

Source: University of Michigan Surveys of Consumers; Conference Board.

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Figure 19. Changes in household debt

Billions of dollars, annual rate

Period	Mortgages	Consumer credit	Sum
2007	684.55	152.76	837.31
2008	-47.50	34.31	-13.18
2009	-135.60	-88.77	-224.37
2010	-449.30	91.79	-357.50
2011	-215.71	110.26	-105.44
2012	-211.17	161.19	-49.98
2013	-83.62	175.13	91.51
2014	-18.54	221.18	202.64
2015	118.66	99.05	217.70
2016	201.68	230.04	431.72
2017	285.58	182.78	468.37
2018	276.20	170.65	446.85

Note: Changes are calculated from year-end to year-end except 2018 changes, which are calculated from 2017:Q3 to 2018:Q3.

Source: Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States."

Return to text

Figure 20. Change in real private nonresidential fixed investment

Percent, annual rate

Period	Structures	Equipment and intangible capital
2010	-3.59	12.92
2011	8.59	10.33
2012	3.96	6.13
2013	6.70	5.05
2014	8.81	5.61
2015	-10.73	2.61
2016	2.48	1.57
2017	2.85	7.27
2018:H1	14.22	8.93
2018:H3	-3.43	4.36

Source: Bureau of Economic Analysis via Haver Analytics.

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Figure 21. Selected components of net debt financing for nonfinancial businesses

Billions of dollars, monthly rate

Period	Bank loans	Bonds	Commercial paper	Sum
2007	19.70	9.88	0.94	30.52
2008	15.22	9.68	0.64	25.55
2009	-27.53	17.65	-6.09	-15.97
2010	-8.48	14.97	2.04	8.54
2011	10.08	13.58	2.78	26.44
2012	13.88	26.95	1.17	42.00
2013	7.95	23.15	1.18	32.29
2014	13.68	23.82	3.13	40.62
2015	14.07	34.68	-0.25	48.50
2016	9.90	22.56	0.15	32.61
2017	7.17	21.94	2.16	31.26
2018:H1	10.10	11.11	0.79	22.01
2018:Q3	5.95	14.31	-1.65	18.62

Source: Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States."

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Figure 22. Private housing starts and permits

Monthly
Millions of units, annual rate

Period	Multifamily starts	Single-family starts	Single-family permits
January 2007	0.28	1.13	1.17
February 2007	0.29	1.19	1.14
March 2007	0.29	1.20	1.15
April 2007	0.29	1.20	1.06
May 2007	0.29	1.13	1.04
June 2007	0.32	1.13	1.00
July 2007	0.31	1.04	0.98
August 2007	0.37	0.96	0.92
September 2007	0.25	0.94	0.86
October 2007	0.39	0.88	0.82
November 2007	0.36	0.83	0.80
December 2007	0.23	0.81	0.74
January 2008	0.31	0.77	0.71
February 2008	0.38	0.72	0.66
March 2008	0.28	0.73	0.64
April 2008	0.33	0.68	0.66
May 2008	0.29	0.68	0.63
June 2008	0.40	0.65	0.61
July 2008	0.31	0.62	0.57
August 2008	0.24	0.61	0.54
September 2008	0.28	0.54	0.53
October 2008	0.24	0.54	0.47
November 2008	0.19	0.46	0.42
December 2008	0.16	0.40	0.36
January 2009	0.13	0.36	0.34
February 2009	0.22	0.36	0.38
March 2009	0.15	0.35	0.36
April 2009	0.09	0.39	0.39
May 2009	0.13	0.41	0.43
June 2009	0.10	0.48	0.46
July 2009	0.09	0.51	0.49
August 2009	0.10	0.49	0.49
September 2009	0.08	0.51	0.48
October 2009	0.06	0.48	0.47
November 2009	0.09	0.50	0.48
December 2009	0.10	0.48	0.51
January 2010	0.10	0.51	0.50
February 2010	0.08	0.53	0.51
March 2010	0.09	0.54	0.54
April 2010	0.12	0.57	0.48
May 2010	0.13	0.46	0.44
June 2010	0.09	0.45	0.43
July 2010	0.12	0.43	0.41
August 2010	0.18	0.42	0.40
September 2010	0.15	0.45	0.40
October 2010	0.11	0.44	0.41
November 2010	0.09	0.45	0.42
December 2010	0.11	0.43	0.45
January 2011	0.20	0.43	0.42
February 2011	0.13	0.39	0.38
March 2011	0.17	0.43	0.40
April 2011	0.14	0.42	0.40
May 2011	0.15	0.41	0.41
June 2011	0.17	0.44	0.41
July 2011	0.19	0.43	0.42
August 2011	0.16	0.42	0.43
September 2011	0.23	0.42	0.43
October 2011	0.17	0.44	0.44
November 2011	0.25	0.47	0.45
December 2011	0.17	0.52	0.46
January 2012	0.21	0.52	0.46
February 2012	0.24	0.47	0.49
March 2012	0.22	0.47	0.48
April 2012	0.25	0.50	0.49
May 2012	0.19	0.52	0.49
June 2012	0.23	0.52	0.50
July 2012	0.22	0.52	0.52
August 2012	0.22	0.54	0.52
September 2012	0.25	0.59	0.56
October 2012	0.30	0.61	0.57
November 2012	0.26	0.57	0.57
December 2012	0.36	0.62	0.58
January 2013	0.28	0.60	0.59
February 2013	0.31	0.65	0.61
March 2013	0.39	0.62	0.61
April 2013	0.25	0.59	0.62
May 2013	0.32	0.61	0.62
June 2013	0.23	0.61	0.63
July 2013	0.29	0.59	0.62
August 2013	0.29	0.63	0.63
September 2013	0.27	0.58	0.63
October 2013	0.33	0.60	0.62
November 2013	0.40	0.70	0.64
December 2013	0.36	0.65	0.61
January 2014	0.32	0.57	0.62
February 2014	0.35	0.59	0.61
March 2014	0.32	0.65	0.62
April 2014	0.40	0.65	0.62
May 2014	0.36	0.65	0.63
June 2014	0.30	0.60	0.65
July 2014	0.42	0.66	0.65
August 2014	0.34	0.64	0.65
September 2014	0.36	0.66	0.66
October 2014	0.38	0.70	0.65
November 2014	0.35	0.66	0.66
December 2014	0.35	0.72	0.67
January 2015	0.38	0.71	0.66
February 2015	0.30	0.59	0.63
March 2015	0.34	0.63	0.66
April 2015	0.46	0.75	0.68
May 2015	0.38	0.70	0.70
June 2015	0.49	0.70	0.70
July 2015	0.38	0.76	0.70
August 2015	0.40	0.73	0.72
September 2015	0.47	0.74	0.71
October 2015	0.35	0.71	0.72
November 2015	0.40	0.77	0.73
December 2015	0.39	0.77	0.72
January 2016	0.35	0.77	0.73
February 2016	0.37	0.83	0.73
March 2016	0.36	0.75	0.73
April 2016	0.40	0.78	0.75
May 2016	0.40	0.74	0.74
June 2016	0.42	0.77	0.75
July 2016	0.45	0.77	0.72
August 2016	0.44	0.72	0.75
September 2016	0.28	0.78	0.75
October 2016	0.45	0.87	0.78
November 2016	0.33	0.82	0.78
December 2016	0.46	0.82	0.82
January 2017	0.42	0.81	0.80
February 2017	0.41	0.88	0.83
March 2017	0.36	0.82	0.83
April 2017	0.33	0.83	0.80
May 2017	0.33	0.79	0.78
June 2017	0.37	0.86	0.81
July 2017	0.35	0.84	0.82
August 2017	0.29	0.88	0.80
September 2017	0.33	0.83	0.83
October 2017	0.38	0.89	0.85
November 2017	0.36	0.95	0.86
December 2017	0.36	0.85	0.88
January 2018	0.45	0.89	0.87
February 2018	0.39	0.90	0.89
March 2018	0.45	0.88	0.85
April 2018	0.38	0.90	0.86
May 2018	0.39	0.94	0.84
June 2018	0.33	0.85	0.85
July 2018	0.32	0.86	0.87
August 2018	0.39	0.89	0.83
September 2018	0.36	0.88	0.85
October 2018	0.35	0.86	0.85
November 2018	0.43	0.82	0.85

Note: The data extend through November 2018.

Source: U.S. Census Bureau via Haver Analytics.

Return to text

Figure 23. New and existing home sales

Monthly
Millions, annual rate

Period	Existing home sales	New home sales
January 2006	6.70	1.17
February 2006	6.85	1.06
March 2006	6.84	1.12
April 2006	6.70	1.12
May 2006	6.58	1.09
June 2006	6.48	1.07
July 2006	6.31	0.97
August 2006	6.34	1.04
September 2006	6.29	1.02
October 2006	6.35	0.94
November 2006	6.34	1.00
December 2006	6.42	1.00
January 2007	5.74	0.89
February 2007	5.79	0.83
March 2007	5.46	0.83
April 2007	5.29	0.89
May 2007	5.27	0.84
June 2007	5.12	0.79
July 2007	5.07	0.78
August 2007	4.87	0.70
September 2007	4.58	0.69
October 2007	4.43	0.73
November 2007	4.46	0.64
December 2007	4.41	0.62
January 2008	4.17	0.63
February 2008	4.12	0.59
March 2008	4.16	0.54
April 2008	4.11	0.54
May 2008	4.14	0.50
June 2008	4.09	0.49
July 2008	4.15	0.48
August 2008	4.19	0.44
September 2008	4.27	0.43
October 2008	4.09	0.39
November 2008	3.77	0.39
December 2008	4.01	0.38
January 2009	3.82	0.34
February 2009	3.97	0.37
March 2009	3.86	0.34
April 2009	3.90	0.34
May 2009	4.00	0.38
June 2009	4.10	0.39
July 2009	4.37	0.41
August 2009	4.45	0.42
September 2009	4.62	0.39
October 2009	5.02	0.40
November 2009	5.44	0.38
December 2009	4.40	0.35
January 2010	4.19	0.35
February 2010	4.27	0.34
March 2010	4.49	0.38
April 2010	4.82	0.42
May 2010	4.88	0.28
June 2010	4.45	0.31
July 2010	3.45	0.28
August 2010	3.68	0.28
September 2010	3.84	0.32
October 2010	3.83	0.29
November 2010	4.02	0.29
December 2010	4.27	0.33
January 2011	4.42	0.31
February 2011	4.16	0.27
March 2011	4.26	0.30
April 2011	4.17	0.31
May 2011	4.14	0.31
June 2011	4.23	0.30
July 2011	4.15	0.30
August 2011	4.38	0.30
September 2011	4.33	0.30
October 2011	4.34	0.32
November 2011	4.39	0.33
December 2011	4.35	0.34
January 2012	4.48	0.34
February 2012	4.58	0.37
March 2012	4.52	0.35
April 2012	4.59	0.35
May 2012	4.60	0.37
June 2012	4.47	0.36
July 2012	4.53	0.37
August 2012	4.76	0.38
September 2012	4.71	0.39
October 2012	4.79	0.36
November 2012	4.96	0.39
December 2012	4.89	0.40
January 2013	4.98	0.45
February 2013	5.06	0.45
March 2013	5.07	0.44
April 2013	5.09	0.44
May 2013	5.14	0.43
June 2013	5.11	0.47
July 2013	5.27	0.38
August 2013	5.26	0.38
September 2013	5.14	0.40
October 2013	5.04	0.44
November 2013	4.92	0.45
December 2013	4.86	0.43
January 2014	4.76	0.45
February 2014	4.78	0.43
March 2014	4.75	0.41
April 2014	4.79	0.40
May 2014	4.90	0.45
June 2014	4.94	0.42
July 2014	4.98	0.40
August 2014	4.97	0.46
September 2014	5.00	0.47
October 2014	5.12	0.47
November 2014	4.99	0.44
December 2014	5.09	0.49
January 2015	4.92	0.52
February 2015	5.08	0.56
March 2015	5.25	0.49
April 2015	5.17	0.50
May 2015	5.25	0.50
June 2015	5.36	0.47
July 2015	5.44	0.50
August 2015	5.36	0.52
September 2015	5.41	0.46
October 2015	5.28	0.48
November 2015	4.78	0.50
December 2015	5.44	0.53
January 2016	5.44	0.52
February 2016	5.21	0.53
March 2016	5.38	0.54
April 2016	5.50	0.57
May 2016	5.45	0.56
June 2016	5.46	0.56
July 2016	5.35	0.63
August 2016	5.39	0.57
September 2016	5.47	0.57
October 2016	5.55	0.57
November 2016	5.57	0.57
December 2016	5.52	0.55
January 2017	5.65	0.60
February 2017	5.48	0.62
March 2017	5.67	0.64
April 2017	5.54	0.59
May 2017	5.60	0.60
June 2017	5.50	0.62
July 2017	5.42	0.56
August 2017	5.42	0.56
September 2017	5.37	0.64
October 2017	5.50	0.62
November 2017	5.72	0.71
December 2017	5.56	0.64
January 2018	5.38	0.63
February 2018	5.54	0.66
March 2018	5.60	0.67
April 2018	5.45	0.63
May 2018	5.41	0.65
June 2018	5.38	0.61
July 2018	5.34	0.61
August 2018	5.33	0.60
September 2018	5.15	0.61
October 2018	5.22	0.56
November 2018	5.33	0.66
December 2018	4.99	ND

Note: Data are monthly. New home sales extends through November 2018 and includes only single-family sales. Existing home sales extends through December 2018 and includes single-family, condo, townhome, and co-op sales.

Source: For new home sales, U.S. Census Bureau; for existing home sales, National Association of Realtors; all via Haver Analytics.

Return to text

Figure 24. Mortgage rates and housing affordability

Housing affordability index

Period	Index
January 2008	128.86
February 2008	133.29
March 2008	132.07
April 2008	133.34
May 2008	133.49
June 2008	133.48
July 2008	135.46
August 2008	136.08
September 2008	142.94
October 2008	144.94
November 2008	147.22
December 2008	160.45
January 2009	164.93
February 2009	161.51
March 2009	163.32
April 2009	174.16
May 2009	173.69
June 2009	171.70
July 2009	168.77
August 2009	169.91
September 2009	164.67
October 2009	169.09
November 2009	172.48
December 2009	174.63
January 2010	166.43
February 2010	166.08
March 2010	167.13
April 2010	165.46
May 2010	169.05
June 2010	171.01
July 2010	174.63
August 2010	177.57
September 2010	177.49
October 2010	176.75
November 2010	177.05
December 2010	174.30
January 2011	177.40
February 2011	178.51
March 2011	178.49
April 2011	181.92
May 2011	180.15
June 2011	184.52
July 2011	191.39
August 2011	188.61
September 2011	188.83
October 2011	194.59
November 2011	188.79
December 2011	190.82
January 2012	190.68
February 2012	191.22
March 2012	198.39
April 2012	190.12
May 2012	192.35
June 2012	194.04
July 2012	196.99
August 2012	197.62
September 2012	198.06
October 2012	199.55
November 2012	198.56
December 2012	200.82
January 2013	199.32
February 2013	194.79
March 2013	188.16
April 2013	185.18
May 2013	184.88
June 2013	179.62
July 2013	170.47
August 2013	164.91
September 2013	165.55
October 2013	164.17
November 2013	167.36
December 2013	164.05
January 2014	162.34
February 2014	164.16
March 2014	166.38
April 2014	166.56
May 2014	165.08
June 2014	165.47
July 2014	165.32
August 2014	164.83
September 2014	166.52
October 2014	164.17
November 2014	165.80
December 2014	165.87
January 2015	171.12
February 2015	170.29
March 2015	169.07
April 2015	168.84
May 2015	168.15
June 2015	167.50
July 2015	165.96
August 2015	165.30
September 2015	165.25
October 2015	165.33
November 2015	164.73
December 2015	159.98
January 2016	163.40
February 2016	165.95
March 2016	169.67
April 2016	167.53
May 2016	168.48
June 2016	168.65
July 2016	170.98
August 2016	170.95
September 2016	168.66
October 2016	168.16
November 2016	167.52
December 2016	162.42
January 2017	156.21
February 2017	155.13
March 2017	159.39
April 2017	161.53
May 2017	163.56
June 2017	160.00
July 2017	160.40
August 2017	159.78
September 2017	158.80
October 2017	159.09
November 2017	157.96
December 2017	157.59
January 2018	155.67
February 2018	152.52
March 2018	149.76
April 2018	148.47
May 2018	147.85
June 2018	148.24
July 2018	147.71
August 2018	146.42
September 2018	146.26
October 2018	143.44
November 2018	141.81
December 2018	144.21

Note: The housing affordability index data are monthly through December 2018. At an index value of 100, a median-income family has exactly enough income to qualify for a median-priced home mortgage. Housing affordability is seasonally adjusted by Board staff.

Source: National Association of Realtors.

Mortgage rates

Period	Percent
3 January 2008	6.07
10 January 2008	5.87
17 January 2008	5.69
24 January 2008	5.48
31 January 2008	5.68
7 February 2008	5.67
14 February 2008	5.72
21 February 2008	6.04
28 February 2008	6.24
6 March 2008	6.03
13 March 2008	6.13
20 March 2008	5.87
27 March 2008	5.85
3 April 2008	5.88
10 April 2008	5.88
17 April 2008	5.88
24 April 2008	6.03
1 May 2008	6.06
8 May 2008	6.05
15 May 2008	6.01
22 May 2008	5.98
29 May 2008	6.08
5 June 2008	6.09
12 June 2008	6.32
19 June 2008	6.42
26 June 2008	6.45
3 July 2008	6.35
10 July 2008	6.37
17 July 2008	6.26
24 July 2008	6.63
31 July 2008	6.52
7 August 2008	6.52
14 August 2008	6.52
21 August 2008	6.47
28 August 2008	6.40
4 September 2008	6.35
11 September 2008	5.93
18 September 2008	5.78
25 September 2008	6.09
2 October 2008	6.10
9 October 2008	5.94
16 October 2008	6.46
23 October 2008	6.04
30 October 2008	6.46
6 November 2008	6.20
13 November 2008	6.14
20 November 2008	6.04
27 November 2008	5.97
4 December 2008	5.53
11 December 2008	5.47
18 December 2008	5.19
25 December 2008	5.14
1 January 2009	5.10
8 January 2009	5.01
15 January 2009	4.96
22 January 2009	5.12
29 January 2009	5.10
5 February 2009	5.25
12 February 2009	5.16
19 February 2009	5.04
26 February 2009	5.07
5 March 2009	5.15
12 March 2009	5.03
19 March 2009	4.98
26 March 2009	4.85
2 April 2009	4.78
9 April 2009	4.87
16 April 2009	4.82
23 April 2009	4.80
30 April 2009	4.78
7 May 2009	4.84
14 May 2009	4.86
21 May 2009	4.82
28 May 2009	4.91
4 June 2009	5.29
11 June 2009	5.59
18 June 2009	5.38
25 June 2009	5.42
2 July 2009	5.32
9 July 2009	5.20
16 July 2009	5.14
23 July 2009	5.20
30 July 2009	5.25
6 August 2009	5.22
13 August 2009	5.29
20 August 2009	5.12
27 August 2009	5.14
3 September 2009	5.08
10 September 2009	5.07
17 September 2009	5.04
24 September 2009	5.04
1 October 2009	4.94
8 October 2009	4.87
15 October 2009	4.92
22 October 2009	5.00
29 October 2009	5.03
5 November 2009	4.98
12 November 2009	4.91
19 November 2009	4.83
26 November 2009	4.78
3 December 2009	4.71
10 December 2009	4.81
17 December 2009	4.94
24 December 2009	5.05
31 December 2009	5.14
7 January 2010	5.09
14 January 2010	5.06
21 January 2010	4.99
28 January 2010	4.98
4 February 2010	5.01
11 February 2010	4.97
18 February 2010	4.93
25 February 2010	5.05
4 March 2010	4.97
11 March 2010	4.95
18 March 2010	4.96
25 March 2010	4.99
1 April 2010	5.08
8 April 2010	5.21
15 April 2010	5.07
22 April 2010	5.07
29 April 2010	5.06
6 May 2010	5.00
13 May 2010	4.93
20 May 2010	4.84
27 May 2010	4.78
3 June 2010	4.79
10 June 2010	4.72
17 June 2010	4.75
24 June 2010	4.69
1 July 2010	4.58
8 July 2010	4.57
15 July 2010	4.57
22 July 2010	4.56
29 July 2010	4.54
5 August 2010	4.49
12 August 2010	4.44
19 August 2010	4.42
26 August 2010	4.36
2 September 2010	4.32
9 September 2010	4.35
16 September 2010	4.37
23 September 2010	4.37
30 September 2010	4.32
7 October 2010	4.27
14 October 2010	4.19
21 October 2010	4.21
28 October 2010	4.23
4 November 2010	4.24
11 November 2010	4.17
18 November 2010	4.39
25 November 2010	4.40
2 December 2010	4.46
9 December 2010	4.61
16 December 2010	4.83
23 December 2010	4.81
30 December 2010	4.86
6 January 2011	4.77
13 January 2011	4.71
20 January 2011	4.74
27 January 2011	4.80
3 February 2011	4.81
10 February 2011	5.05
17 February 2011	5.00
24 February 2011	4.95
3 March 2011	4.87
10 March 2011	4.88
17 March 2011	4.76
24 March 2011	4.81
31 March 2011	4.86
7 April 2011	4.87
14 April 2011	4.91
21 April 2011	4.80
28 April 2011	4.78
5 May 2011	4.71
12 May 2011	4.63
19 May 2011	4.61
26 May 2011	4.60
2 June 2011	4.55
9 June 2011	4.49
16 June 2011	4.50
23 June 2011	4.50
30 June 2011	4.51
7 July 2011	4.60
14 July 2011	4.51
21 July 2011	4.52
28 July 2011	4.55
4 August 2011	4.39
11 August 2011	4.32
18 August 2011	4.15
25 August 2011	4.22
1 September 2011	4.22
8 September 2011	4.12
15 September 2011	4.09
22 September 2011	4.09
29 September 2011	4.01
6 October 2011	3.94
13 October 2011	4.12
20 October 2011	4.11
27 October 2011	4.10
3 November 2011	4.00
10 November 2011	3.99
17 November 2011	4.00
24 November 2011	3.98
1 December 2011	4.00
8 December 2011	3.99
15 December 2011	3.94
22 December 2011	3.91
29 December 2011	3.95
5 January 2012	3.91
12 January 2012	3.89
19 January 2012	3.88
26 January 2012	3.98
2 February 2012	3.87
9 February 2012	3.87
16 February 2012	3.87
23 February 2012	3.95
1 March 2012	3.90
8 March 2012	3.88
15 March 2012	3.92
22 March 2012	4.08
29 March 2012	3.99
5 April 2012	3.98
12 April 2012	3.88
19 April 2012	3.90
26 April 2012	3.88
3 May 2012	3.84
10 May 2012	3.83
17 May 2012	3.79
24 May 2012	3.78
31 May 2012	3.75
7 June 2012	3.67
14 June 2012	3.71
21 June 2012	3.66
28 June 2012	3.66
5 July 2012	3.62
12 July 2012	3.56
19 July 2012	3.53
26 July 2012	3.49
2 August 2012	3.55
9 August 2012	3.59
16 August 2012	3.62
23 August 2012	3.66
30 August 2012	3.59
6 September 2012	3.55
13 September 2012	3.55
20 September 2012	3.49
27 September 2012	3.40
4 October 2012	3.36
11 October 2012	3.39
18 October 2012	3.37
25 October 2012	3.41
1 November 2012	3.39
8 November 2012	3.40
15 November 2012	3.34
22 November 2012	3.31
29 November 2012	3.32
6 December 2012	3.34
13 December 2012	3.32
20 December 2012	3.37
27 December 2012	3.35
3 January 2013	3.34
10 January 2013	3.40
17 January 2013	3.38
24 January 2013	3.42
31 January 2013	3.53
7 February 2013	3.53
14 February 2013	3.53
21 February 2013	3.56
28 February 2013	3.51
7 March 2013	3.52
14 March 2013	3.63
21 March 2013	3.54
28 March 2013	3.57
4 April 2013	3.54
11 April 2013	3.43
18 April 2013	3.41
25 April 2013	3.40
2 May 2013	3.35
9 May 2013	3.42
16 May 2013	3.51
23 May 2013	3.59
30 May 2013	3.81
6 June 2013	3.91
13 June 2013	3.98
20 June 2013	3.93
27 June 2013	4.46
4 July 2013	4.29
11 July 2013	4.51
18 July 2013	4.37
25 July 2013	4.31
1 August 2013	4.39
8 August 2013	4.40
15 August 2013	4.40
22 August 2013	4.58
29 August 2013	4.51
5 September 2013	4.57
12 September 2013	4.57
19 September 2013	4.50
26 September 2013	4.32
3 October 2013	4.22
10 October 2013	4.23
17 October 2013	4.28
24 October 2013	4.13
31 October 2013	4.10
7 November 2013	4.16
14 November 2013	4.35
21 November 2013	4.22
28 November 2013	4.29
5 December 2013	4.46
12 December 2013	4.42
19 December 2013	4.47
26 December 2013	4.48
2 January 2014	4.53
9 January 2014	4.51
16 January 2014	4.41
23 January 2014	4.39
30 January 2014	4.32
6 February 2014	4.23
13 February 2014	4.28
20 February 2014	4.33
27 February 2014	4.37
6 March 2014	4.28
13 March 2014	4.37
20 March 2014	4.32
27 March 2014	4.40
3 April 2014	4.41
10 April 2014	4.34
17 April 2014	4.27
24 April 2014	4.33
1 May 2014	4.29
8 May 2014	4.21
15 May 2014	4.20
22 May 2014	4.14
29 May 2014	4.12
5 June 2014	4.14
12 June 2014	4.20
19 June 2014	4.17
26 June 2014	4.14
3 July 2014	4.12
10 July 2014	4.15
17 July 2014	4.13
24 July 2014	4.13
31 July 2014	4.12
7 August 2014	4.14
14 August 2014	4.12
21 August 2014	4.10
28 August 2014	4.10
4 September 2014	4.10
11 September 2014	4.12
18 September 2014	4.23
25 September 2014	4.20
2 October 2014	4.19
9 October 2014	4.12
16 October 2014	3.97
23 October 2014	3.92
30 October 2014	3.98
6 November 2014	4.02
13 November 2014	4.01
20 November 2014	3.99
27 November 2014	3.97
4 December 2014	3.89
11 December 2014	3.93
18 December 2014	3.80
25 December 2014	3.83
1 January 2015	3.87
8 January 2015	3.73
15 January 2015	3.66
22 January 2015	3.63
29 January 2015	3.66
5 February 2015	3.59
12 February 2015	3.69
19 February 2015	3.76
26 February 2015	3.80
5 March 2015	3.75
12 March 2015	3.86
19 March 2015	3.78
26 March 2015	3.69
2 April 2015	3.70
9 April 2015	3.66
16 April 2015	3.67
23 April 2015	3.65
30 April 2015	3.68
7 May 2015	3.80
14 May 2015	3.85
21 May 2015	3.84
28 May 2015	3.87
4 June 2015	3.87
11 June 2015	4.04
18 June 2015	4.00
25 June 2015	4.02
2 July 2015	4.08
9 July 2015	4.04
16 July 2015	4.09
23 July 2015	4.04
30 July 2015	3.98
6 August 2015	3.91
13 August 2015	3.94
20 August 2015	3.93
27 August 2015	3.84
3 September 2015	3.89
10 September 2015	3.90
17 September 2015	3.91
24 September 2015	3.86
1 October 2015	3.85
8 October 2015	3.76
15 October 2015	3.82
22 October 2015	3.79
29 October 2015	3.76
5 November 2015	3.87
12 November 2015	3.98
19 November 2015	3.97
26 November 2015	3.95
3 December 2015	3.93
10 December 2015	3.95
17 December 2015	3.97
24 December 2015	3.96
31 December 2015	4.01
7 January 2016	3.97
14 January 2016	3.92
21 January 2016	3.81
28 January 2016	3.79
4 February 2016	3.72
11 February 2016	3.65
18 February 2016	3.65
25 February 2016	3.62
3 March 2016	3.64
10 March 2016	3.68
17 March 2016	3.73
24 March 2016	3.71
31 March 2016	3.71
7 April 2016	3.59
14 April 2016	3.58
21 April 2016	3.59
28 April 2016	3.66
5 May 2016	3.61
12 May 2016	3.57
19 May 2016	3.58
26 May 2016	3.64
2 June 2016	3.66
9 June 2016	3.60
16 June 2016	3.54
23 June 2016	3.56
30 June 2016	3.48
7 July 2016	3.41
14 July 2016	3.42
21 July 2016	3.45
28 July 2016	3.48
4 August 2016	3.43
11 August 2016	3.45
18 August 2016	3.43
25 August 2016	3.43
1 September 2016	3.46
8 September 2016	3.44
15 September 2016	3.50
22 September 2016	3.48
29 September 2016	3.42
6 October 2016	3.42
13 October 2016	3.47
20 October 2016	3.52
27 October 2016	3.47
3 November 2016	3.54
10 November 2016	3.57
17 November 2016	3.94
24 November 2016	4.03
1 December 2016	4.08
8 December 2016	4.13
15 December 2016	4.16
22 December 2016	4.30
29 December 2016	4.32
5 January 2017	4.20
12 January 2017	4.12
19 January 2017	4.09
26 January 2017	4.19
2 February 2017	4.19
9 February 2017	4.17
16 February 2017	4.15
23 February 2017	4.16
2 March 2017	4.10
9 March 2017	4.21
16 March 2017	4.30
23 March 2017	4.23
30 March 2017	4.14
6 April 2017	4.10
13 April 2017	4.08
20 April 2017	3.97
27 April 2017	4.03
4 May 2017	4.02
11 May 2017	4.05
18 May 2017	4.02
25 May 2017	3.95
1 June 2017	3.94
8 June 2017	3.89
15 June 2017	3.91
22 June 2017	3.90
29 June 2017	3.88
6 July 2017	3.96
13 July 2017	4.03
20 July 2017	3.96
27 July 2017	3.92
3 August 2017	3.93
10 August 2017	3.90
17 August 2017	3.89
24 August 2017	3.86
31 August 2017	3.82
7 September 2017	3.78
14 September 2017	3.78
21 September 2017	3.83
28 September 2017	3.83
5 October 2017	3.85
12 October 2017	3.91
19 October 2017	3.88
26 October 2017	3.94
2 November 2017	3.94
9 November 2017	3.90
16 November 2017	3.95
23 November 2017	3.92
30 November 2017	3.90
7 December 2017	3.94
14 December 2017	3.93
21 December 2017	3.94
28 December 2017	3.99
4 January 2018	3.95
11 January 2018	3.99
18 January 2018	4.04
25 January 2018	4.15
1 February 2018	4.22
8 February 2018	4.32
15 February 2018	4.38
22 February 2018	4.40
1 March 2018	4.43
8 March 2018	4.46
15 March 2018	4.44
22 March 2018	4.45
29 March 2018	4.44
5 April 2018	4.40
12 April 2018	4.42
19 April 2018	4.47
26 April 2018	4.58
3 May 2018	4.55
10 May 2018	4.55
17 May 2018	4.61
24 May 2018	4.66
31 May 2018	4.56
7 June 2018	4.54
14 June 2018	4.62
21 June 2018	4.57
28 June 2018	4.55
5 July 2018	4.52
12 July 2018	4.53
19 July 2018	4.52
26 July 2018	4.54
2 August 2018	4.60
9 August 2018	4.59
16 August 2018	4.53
23 August 2018	4.51
30 August 2018	4.52
6 September 2018	4.54
13 September 2018	4.60
20 September 2018	4.65
27 September 2018	4.72
4 October 2018	4.71
11 October 2018	4.90
18 October 2018	4.85
25 October 2018	4.86
1 November 2018	4.83
8 November 2018	4.94
15 November 2018	4.94
22 November 2018	4.81
29 November 2018	4.81
6 December 2018	4.75
13 December 2018	4.63
20 December 2018	4.62
27 December 2018	4.55
3 January 2019	4.51
10 January 2019	4.45
17 January 2019	4.45
24 January 2019	4.45
31 January 2019	4.46
7 February 2019	4.41
14 February 2019	4.37

Note: The mortgage rate data are weekly through February 14, 2019.

Source: Freddie Mac Primary Mortgage Market Survey.

Return to text

Figure 25. Change in real imports and exports of goods and services

Percent, annual rate

Period	Imports	Exports
2015	3.36	-1.57
2016	3.07	0.78
2017	5.41	4.68
2018:H1	1.19	6.38
2018:Q3	9.29	-4.88

Source: Bureau of Economic Analysis via Haver Analytics.

Return to text

Figure 26. U.S. trade and current account balances

Annual
Percent of nominal GDP

Period	Trade	Current account
2001	-3.5	-3.68
2002	-3.9	-4.12
2003	-4.4	-4.53
2004	-5.1	-5.17
2005	-5.5	-5.72
2006	-5.6	-5.83
2007	-5.0	-4.92
2008	-4.9	-4.63
2009	-2.7	-2.58
2010	-3.4	-2.88
2011	-3.7	-2.87
2012	-3.5	-2.64
2013	-2.9	-2.08
2014	-2.9	-2.08
2015	-2.9	-2.24
2016	-2.8	-2.31
2017	-3.0	-2.31
2018	-2.9	-2.28

Note: Data for 2018 are the average of the first three quarters of the year, at an annualized rate. GDP is gross domestic product.

Source: Bureau of Economic Analysis via Haver Analytics.

Return to text

Figure 27. Change in real government expenditures on consumption and investment

Percent, annual rate

Period	Federal	State and local
2009	6.16	1.01
2010	1.91	-3.53
2011	-3.48	-3.26
2012	-2.58	-1.73
2013	-6.13	0.16
2014	-1.23	1.14
2015	1.23	2.79
2016	0.18	1.36
2017	1.27	-0.52
2018:H1	3.15	1.36
2018:Q3	3.52	2.01

Source: Bureau of Economic Analysis.

Return to text

Figure 28. Federal receipts and expenditures

Annual
Percent of nominal GDP

Period	Expenditures	Receipts
1997	18.95	18.69
1998	18.50	19.28
1999	17.95	19.28
2000	17.68	20.02
2001	17.70	18.91
2002	18.56	17.11
2003	19.14	15.80
2004	19.07	15.63
2005	19.26	16.78
2006	19.47	17.65
2007	19.09	17.97
2008	20.23	17.12
2009	24.37	14.59
2010	23.30	14.57
2011	23.39	14.95
2012	22.03	15.26
2013	20.81	16.71
2014	20.23	17.43
2015	20.39	17.96
2016	20.77	17.62
2017	20.66	17.21
2018	20.30	16.45

Note: The receipts and expenditures data are on a unified-budget basis and are for fiscal years (October through September); gross domestic product (GDP) data are for the four quarters ending in Q3.

Source: Office of Management and Budget via Haver Analytics.

Return to text

Figure 29. Federal government debt held by the public

Quarterly
Percent of nominal GDP

Period	Percent
1968:Q1	31.02
1968:Q2	29.79
1968:Q3	30.09
1968:Q4	29.85
1969:Q1	29.09
1969:Q2	27.40
1969:Q3	27.29
1969:Q4	27.54
1970:Q1	27.38
1970:Q2	26.39
1970:Q3	26.61
1970:Q4	27.37
1971:Q1	26.42
1971:Q2	26.08
1971:Q3	26.36
1971:Q4	27.13
1972:Q1	26.57
1972:Q2	25.35
1972:Q3	25.26
1972:Q4	25.44
1973:Q1	25.14
1973:Q2	24.02
1973:Q3	23.61
1973:Q4	23.37
1974:Q1	23.36
1974:Q2	22.38
1974:Q3	22.23
1974:Q4	22.32
1975:Q1	23.31
1975:Q2	23.83
1975:Q3	24.39
1975:Q4	25.13
1976:Q1	25.66
1976:Q2	25.72
1976:Q3	26.21
1976:Q4	26.47
1977:Q1	26.64
1977:Q2	25.72
1977:Q3	25.88
1977:Q4	26.27
1978:Q1	26.74
1978:Q2	25.37
1978:Q3	25.32
1978:Q4	25.07
1979:Q1	24.98
1979:Q2	24.18
1979:Q3	23.96
1979:Q4	24.12
1980:Q1	24.18
1980:Q2	24.34
1980:Q3	24.81
1980:Q4	24.60
1981:Q1	24.60
1981:Q2	24.23
1981:Q3	24.05
1981:Q4	24.99
1982:Q1	26.03
1982:Q2	25.86
1982:Q3	27.30
1982:Q4	28.84
1983:Q1	29.86
1983:Q2	30.29
1983:Q3	30.65
1983:Q4	30.75
1984:Q1	31.11
1984:Q2	31.09
1984:Q3	31.82
1984:Q4	32.88
1985:Q1	33.25
1985:Q2	33.82
1985:Q3	34.18
1985:Q4	35.77
1986:Q1	36.10
1986:Q2	36.93
1986:Q3	37.68
1986:Q4	38.77
1987:Q1	38.84
1987:Q2	38.82
1987:Q3	38.65
1987:Q4	38.93
1988:Q1	39.24
1988:Q2	38.74
1988:Q3	38.81
1988:Q4	38.98
1989:Q1	38.88
1989:Q2	38.35
1989:Q3	38.46
1989:Q4	39.17
1990:Q1	39.33
1990:Q2	39.38
1990:Q3	40.07
1990:Q4	41.60
1991:Q1	42.23
1991:Q2	42.30
1991:Q3	43.30
1991:Q4	44.32
1992:Q1	44.94
1992:Q2	45.18
1992:Q3	45.67
1992:Q4	46.11
1993:Q1	46.66
1993:Q2	47.02
1993:Q3	47.18
1993:Q4	47.57
1994:Q1	47.61
1994:Q2	46.85
1994:Q3	46.82
1994:Q4	46.84
1995:Q1	47.30
1995:Q2	47.27
1995:Q3	46.90
1995:Q4	46.79
1996:Q1	47.24
1996:Q2	45.98
1996:Q3	45.91
1996:Q4	45.78
1997:Q1	45.80
1997:Q2	44.14
1997:Q3	43.53
1997:Q4	43.40
1998:Q1	43.20
1998:Q2	41.80
1998:Q3	40.79
1998:Q4	40.37
1999:Q1	39.92
1999:Q2	38.34
1999:Q3	37.53
1999:Q4	37.18
2000:Q1	36.52
2000:Q2	33.80
2000:Q3	33.04
2000:Q4	32.43
2001:Q1	32.55
2001:Q2	30.68
2001:Q3	31.33
2001:Q4	31.70
2002:Q1	31.79
2002:Q2	31.68
2002:Q3	32.21
2002:Q4	32.85
2003:Q1	33.09
2003:Q2	33.65
2003:Q3	33.83
2003:Q4	34.26
2004:Q1	34.96
2004:Q2	34.75
2004:Q3	34.89
2004:Q4	35.09
2005:Q1	35.73
2005:Q2	34.98
2005:Q3	34.91
2005:Q4	35.26
2006:Q1	35.70
2006:Q2	34.78
2006:Q3	34.80
2006:Q4	34.80
2007:Q1	35.45
2007:Q2	34.25
2007:Q3	34.61
2007:Q4	34.88
2008:Q1	36.32
2008:Q2	35.61
2008:Q3	39.09
2008:Q4	43.68
2009:Q1	47.42
2009:Q2	49.91
2009:Q3	52.29
2009:Q4	53.34
2010:Q1	56.24
2010:Q2	57.78
2010:Q3	59.78
2010:Q4	61.56
2011:Q1	63.08
2011:Q2	62.82
2011:Q3	64.94
2011:Q4	66.16
2012:Q1	67.72
2012:Q2	68.40
2012:Q3	69.37
2012:Q4	70.86
2013:Q1	71.99
2013:Q2	71.59
2013:Q3	71.10
2013:Q4	72.30
2014:Q1	73.74
2014:Q2	72.11
2014:Q3	72.11
2014:Q4	72.97
2015:Q1	72.81
2015:Q2	71.72
2015:Q3	71.54
2015:Q4	74.46
2016:Q1	75.60
2016:Q2	74.70
2016:Q3	75.35
2016:Q4	76.01
2017:Q1	74.93
2017:Q2	74.15
2017:Q3	74.87
2017:Q4	74.65
2018:Q1	76.91
2018:Q2	75.72
2018:Q3	76.24

Note: The data extend through 2018:Q3. The data for gross domestic product (GDP) are at an annual rate. Federal debt held by the public equals federal debt less Treasury securities held in federal employee defined benefit retirement accounts, evaluated at the end of the quarter.

Source: For GDP, Bureau of Economic Analysis via Haver Analytics; for federal debt, Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States."

Return to text

Figure 30. Market-implied federal funds rate path

Quarterly
Percent

Period	Feb. 20, 2019	June 29, 2018
2018:Q2	ND	1.91
2018:Q3	ND	2.02
2018:Q4	ND	2.19
2019:Q1	2.40	2.37
2019:Q2	2.39	2.49
2019:Q3	2.39	2.56
2019:Q4	2.38	2.59
2020:Q1	2.34	2.60
2020:Q2	2.29	2.61
2020:Q3	2.23	2.62
2020:Q4	2.19	2.61
2021:Q1	2.16	2.60
2021:Q2	2.15	2.59
2021:Q3	2.14	2.57
2021:Q4	2.14	ND

Note: The federal funds rate path is implied by quotes on overnight index swaps--a derivative contract tied to the effective federal funds rate. The implied path as of February 20, 2019, is compared with that as of June 29, 2018. The path is estimated with a spline approach, assuming a term premium of 0 basis points. The current path extends through November 2021 and the previous one through September 2021.

Source: Bloomberg; Federal Reserve Board staff estimates.

Return to text

Figure 31. Yields on nominal Treasury securities

Daily
Percent

Date	2-year	5-year	10-year
3 January 2000	6.38	6.50	6.58
4 January 2000	6.30	6.40	6.49
5 January 2000	6.38	6.51	6.62
6 January 2000	6.35	6.46	6.57
7 January 2000	6.31	6.42	6.52
10 January 2000	6.38	6.49	6.57
11 January 2000	6.45	6.57	6.67
12 January 2000	6.49	6.63	6.72
13 January 2000	6.40	6.54	6.63
14 January 2000	6.44	6.59	6.69
17 January 2000	ND	ND	ND
18 January 2000	6.47	6.65	6.75
19 January 2000	6.46	6.62	6.73
20 January 2000	6.49	6.67	6.79
21 January 2000	6.48	6.67	6.79
24 January 2000	6.43	6.59	6.69
25 January 2000	6.44	6.60	6.70
26 January 2000	6.45	6.62	6.69
27 January 2000	6.51	6.67	6.68
28 January 2000	6.58	6.68	6.66
31 January 2000	6.61	6.71	6.68
1 February 2000	6.60	6.68	6.62
2 February 2000	6.63	6.69	6.60
3 February 2000	6.56	6.56	6.49
4 February 2000	6.63	6.64	6.53
7 February 2000	6.68	6.76	6.64
8 February 2000	6.69	6.74	6.59
9 February 2000	6.69	6.77	6.56
10 February 2000	6.67	6.78	6.67
11 February 2000	6.65	6.77	6.63
14 February 2000	6.62	6.72	6.56
15 February 2000	6.66	6.74	6.56
16 February 2000	6.63	6.75	6.56
17 February 2000	6.69	6.76	6.58
18 February 2000	6.66	6.72	6.49
21 February 2000	ND	ND	ND
22 February 2000	6.57	6.62	6.36
23 February 2000	6.61	6.66	6.44
24 February 2000	6.52	6.56	6.36
25 February 2000	6.45	6.50	6.36
28 February 2000	6.47	6.53	6.37
29 February 2000	6.53	6.61	6.42
1 March 2000	6.52	6.59	6.39
2 March 2000	6.52	6.59	6.40
3 March 2000	6.50	6.60	6.39
6 March 2000	6.55	6.64	6.42
7 March 2000	6.48	6.60	6.39
8 March 2000	6.50	6.59	6.38
9 March 2000	6.48	6.56	6.35
10 March 2000	6.55	6.61	6.39
13 March 2000	6.52	6.57	6.36
14 March 2000	6.48	6.52	6.31
15 March 2000	6.50	6.50	6.29
16 March 2000	6.50	6.47	6.26
17 March 2000	6.50	6.45	6.20
20 March 2000	6.52	6.45	6.18
21 March 2000	6.50	6.44	6.13
22 March 2000	6.50	6.41	6.13
23 March 2000	6.52	6.39	6.08
24 March 2000	6.64	6.51	6.20
27 March 2000	6.66	6.51	6.21
28 March 2000	6.60	6.46	6.17
29 March 2000	6.59	6.46	6.18
30 March 2000	6.52	6.35	6.06
31 March 2000	6.50	6.32	6.03
3 April 2000	6.45	6.30	6.00
4 April 2000	6.35	6.16	5.90
5 April 2000	6.35	6.17	5.90
6 April 2000	6.38	6.20	5.93
7 April 2000	6.38	6.18	5.86
10 April 2000	6.31	6.11	5.80
11 April 2000	6.36	6.19	5.89
12 April 2000	6.40	6.27	5.97
13 April 2000	6.40	6.24	5.94
14 April 2000	6.27	6.11	5.85
17 April 2000	6.33	6.23	6.01
18 April 2000	6.33	6.27	6.05
19 April 2000	6.33	6.23	5.99
20 April 2000	6.38	6.24	5.99
21 April 2000	ND	ND	ND
24 April 2000	6.36	6.23	6.00
25 April 2000	6.48	6.39	6.14
26 April 2000	6.50	6.40	6.14
27 April 2000	6.63	6.51	6.23
28 April 2000	6.68	6.56	6.23
1 May 2000	6.73	6.59	6.29
2 May 2000	6.72	6.60	6.32
3 May 2000	6.73	6.66	6.40
4 May 2000	6.77	6.70	6.46
5 May 2000	6.84	6.77	6.51
8 May 2000	6.87	6.83	6.57
9 May 2000	6.86	6.75	6.53
10 May 2000	6.84	6.69	6.47
11 May 2000	6.82	6.67	6.43
12 May 2000	6.91	6.76	6.51
15 May 2000	6.88	6.73	6.47
16 May 2000	6.89	6.72	6.43
17 May 2000	6.90	6.74	6.48
18 May 2000	6.93	6.79	6.56
19 May 2000	6.86	6.71	6.51
22 May 2000	6.81	6.66	6.44
23 May 2000	6.83	6.68	6.45
24 May 2000	6.79	6.71	6.47
25 May 2000	6.71	6.64	6.39
26 May 2000	6.69	6.57	6.33
29 May 2000	ND	ND	ND
30 May 2000	6.74	6.62	6.38
31 May 2000	6.69	6.54	6.29
1 June 2000	6.61	6.44	6.20
2 June 2000	6.52	6.37	6.15
5 June 2000	6.49	6.33	6.12
6 June 2000	6.51	6.35	6.14
7 June 2000	6.52	6.35	6.13
8 June 2000	6.56	6.37	6.13
9 June 2000	6.56	6.36	6.13
12 June 2000	6.52	6.33	6.09
13 June 2000	6.49	6.32	6.11
14 June 2000	6.44	6.26	6.06
15 June 2000	6.44	6.26	6.05
16 June 2000	6.38	6.19	5.99
19 June 2000	6.40	6.20	6.00
20 June 2000	6.43	6.23	6.03
21 June 2000	6.50	6.32	6.11
22 June 2000	6.50	6.32	6.12
23 June 2000	6.55	6.37	6.19
26 June 2000	6.50	6.29	6.11
27 June 2000	6.50	6.29	6.10
28 June 2000	6.43	6.28	6.11
29 June 2000	6.37	6.21	6.04
30 June 2000	6.38	6.18	6.03
3 July 2000	6.31	6.12	6.00
4 July 2000	ND	ND	ND
5 July 2000	6.29	6.12	5.99
6 July 2000	6.34	6.16	6.05
7 July 2000	6.29	6.11	6.01
10 July 2000	6.31	6.13	6.04
11 July 2000	6.32	6.16	6.06
12 July 2000	6.34	6.20	6.09
13 July 2000	6.31	6.15	6.01
14 July 2000	6.41	6.25	6.10
17 July 2000	6.46	6.31	6.17
18 July 2000	6.44	6.30	6.16
19 July 2000	6.46	6.31	6.16
20 July 2000	6.32	6.15	6.01
21 July 2000	6.32	6.14	6.01
24 July 2000	6.35	6.18	6.04
25 July 2000	6.35	6.17	6.04
26 July 2000	6.29	6.16	6.04
27 July 2000	6.27	6.14	6.02
28 July 2000	6.30	6.16	6.04
31 July 2000	6.30	6.16	6.04
1 August 2000	6.27	6.12	6.00
2 August 2000	6.23	6.09	5.98
3 August 2000	6.22	6.07	5.95
4 August 2000	6.15	6.02	5.91
7 August 2000	6.20	6.07	5.97
8 August 2000	6.16	6.03	5.93
9 August 2000	6.18	6.03	5.81
10 August 2000	6.16	6.00	5.76
11 August 2000	6.25	6.07	5.79
14 August 2000	6.25	6.07	5.78
15 August 2000	6.28	6.11	5.81
16 August 2000	6.30	6.13	5.83
17 August 2000	6.30	6.13	5.81
18 August 2000	6.27	6.09	5.78
21 August 2000	6.28	6.10	5.79
22 August 2000	6.27	6.07	5.78
23 August 2000	6.20	6.02	5.73
24 August 2000	6.19	6.00	5.73
25 August 2000	6.19	6.00	5.73
28 August 2000	6.23	6.05	5.78
29 August 2000	6.26	6.08	5.81
30 August 2000	6.24	6.07	5.81
31 August 2000	6.18	5.98	5.73
1 September 2000	6.09	5.92	5.68
4 September 2000	ND	ND	ND
5 September 2000	6.09	5.92	5.69
6 September 2000	6.11	5.95	5.72
7 September 2000	6.14	5.97	5.76
8 September 2000	6.11	5.95	5.73
11 September 2000	6.12	5.97	5.77
12 September 2000	6.12	5.97	5.78
13 September 2000	6.09	5.94	5.74
14 September 2000	6.11	5.96	5.79
15 September 2000	6.07	5.93	5.84
18 September 2000	6.04	5.93	5.88
19 September 2000	6.05	5.93	5.86
20 September 2000	6.11	5.98	5.91
21 September 2000	6.11	5.96	5.88
22 September 2000	6.09	5.93	5.85
25 September 2000	6.11	5.94	5.84
26 September 2000	6.07	5.90	5.81
27 September 2000	6.00	5.89	5.83
28 September 2000	6.02	5.90	5.82
29 September 2000	5.98	5.85	5.80
2 October 2000	5.98	5.86	5.83
3 October 2000	6.00	5.88	5.87
4 October 2000	6.03	5.94	5.90
5 October 2000	6.02	5.92	5.87
6 October 2000	5.98	5.88	5.82
9 October 2000	ND	ND	ND
10 October 2000	5.98	5.86	5.80
11 October 2000	5.93	5.82	5.77
12 October 2000	5.86	5.74	5.73
13 October 2000	5.84	5.73	5.73
16 October 2000	5.89	5.77	5.74
17 October 2000	5.83	5.68	5.68
18 October 2000	5.82	5.68	5.66
19 October 2000	5.86	5.69	5.66
20 October 2000	5.84	5.69	5.64
23 October 2000	5.82	5.66	5.59
24 October 2000	5.86	5.70	5.63
25 October 2000	5.87	5.74	5.67
26 October 2000	5.90	5.75	5.69
27 October 2000	5.94	5.79	5.72
30 October 2000	5.97	5.83	5.74
31 October 2000	5.94	5.83	5.77
1 November 2000	5.88	5.79	5.74
2 November 2000	5.87	5.78	5.74
3 November 2000	5.94	5.86	5.83
6 November 2000	5.99	5.91	5.87
7 November 2000	5.99	5.84	5.87
8 November 2000	5.99	5.83	5.87
9 November 2000	5.94	5.76	5.82
10 November 2000	5.92	5.76	5.82
13 November 2000	5.90	5.72	5.77
14 November 2000	5.92	5.72	5.76
15 November 2000	5.90	5.69	5.72
16 November 2000	5.87	5.66	5.68
17 November 2000	5.88	5.67	5.71
20 November 2000	5.87	5.65	5.68
21 November 2000	5.86	5.65	5.67
22 November 2000	5.85	5.60	5.62
23 November 2000	ND	ND	ND
24 November 2000	5.86	5.63	5.63
27 November 2000	5.86	5.63	5.64
28 November 2000	5.79	5.57	5.59
29 November 2000	5.69	5.51	5.55
30 November 2000	5.61	5.42	5.48
1 December 2000	5.62	5.46	5.52
4 December 2000	5.59	5.45	5.53
5 December 2000	5.49	5.36	5.43
6 December 2000	5.42	5.26	5.32
7 December 2000	5.45	5.26	5.32
8 December 2000	5.50	5.32	5.35
11 December 2000	5.52	5.33	5.37
12 December 2000	5.54	5.33	5.36
13 December 2000	5.45	5.24	5.29
14 December 2000	5.43	5.19	5.23
15 December 2000	5.38	5.15	5.20
18 December 2000	5.33	5.10	5.17
19 December 2000	5.35	5.12	5.19
20 December 2000	5.24	5.00	5.08
21 December 2000	5.14	4.94	5.03
22 December 2000	5.10	4.93	5.02
25 December 2000	ND	ND	ND
26 December 2000	5.10	4.92	5.04
27 December 2000	5.10	4.99	5.11
28 December 2000	5.18	5.02	5.13
29 December 2000	5.11	4.99	5.12
1 January 2001	ND	ND	ND
2 January 2001	4.87	4.76	4.92
3 January 2001	4.92	4.94	5.14
4 January 2001	4.77	4.82	5.03
5 January 2001	4.56	4.66	4.93
8 January 2001	4.54	4.65	4.94
9 January 2001	4.64	4.73	4.98
10 January 2001	4.76	4.83	5.10
11 January 2001	4.77	4.85	5.14
12 January 2001	4.90	4.97	5.25
15 January 2001	ND	ND	ND
16 January 2001	4.89	4.96	5.24
17 January 2001	4.84	4.87	5.19
18 January 2001	4.72	4.74	5.12
19 January 2001	4.75	4.84	5.19
22 January 2001	4.75	4.87	5.25
23 January 2001	4.82	4.96	5.30
24 January 2001	4.81	4.98	5.33
25 January 2001	4.78	4.94	5.29
26 January 2001	4.78	4.93	5.29
29 January 2001	4.77	4.97	5.32
30 January 2001	4.70	4.91	5.24
31 January 2001	4.62	4.85	5.19
1 February 2001	4.55	4.78	5.10
2 February 2001	4.65	4.86	5.17
5 February 2001	4.68	4.88	5.18
6 February 2001	4.72	4.92	5.22
7 February 2001	4.70	4.91	5.10
8 February 2001	4.73	4.93	5.10
9 February 2001	4.67	4.85	5.03
12 February 2001	4.67	4.86	5.05
13 February 2001	4.75	4.90	5.07
14 February 2001	4.84	4.99	5.13
15 February 2001	4.89	5.06	5.19
16 February 2001	4.75	4.94	5.11
19 February 2001	ND	ND	ND
20 February 2001	4.73	4.94	5.11
21 February 2001	4.68	4.96	5.14
22 February 2001	4.63	4.94	5.15
23 February 2001	4.53	4.86	5.10
26 February 2001	4.46	4.81	5.05
27 February 2001	4.44	4.75	4.96
28 February 2001	4.41	4.70	4.92
1 March 2001	4.41	4.67	4.87
2 March 2001	4.48	4.75	4.95
5 March 2001	4.49	4.78	4.98
6 March 2001	4.49	4.78	4.99
7 March 2001	4.43	4.72	4.92
8 March 2001	4.43	4.70	4.89
9 March 2001	4.47	4.75	4.95
12 March 2001	4.46	4.72	4.92
13 March 2001	4.46	4.75	4.95
14 March 2001	4.32	4.62	4.84
15 March 2001	4.22	4.55	4.81
16 March 2001	4.26	4.54	4.78
19 March 2001	4.32	4.58	4.82
20 March 2001	4.24	4.52	4.78
21 March 2001	4.21	4.49	4.77
22 March 2001	4.17	4.44	4.73
23 March 2001	4.24	4.52	4.80
26 March 2001	4.27	4.56	4.85
27 March 2001	4.41	4.73	5.00
28 March 2001	4.30	4.68	4.97
29 March 2001	4.27	4.67	4.98
30 March 2001	4.18	4.62	4.93
2 April 2001	4.22	4.66	4.98
3 April 2001	4.15	4.60	4.94
4 April 2001	4.12	4.58	4.94
5 April 2001	4.19	4.63	4.98
6 April 2001	4.07	4.52	4.89
9 April 2001	4.10	4.56	4.93
10 April 2001	4.24	4.70	5.09
11 April 2001	4.29	4.75	5.12
12 April 2001	4.36	4.83	5.17
13 April 2001	ND	ND	ND
16 April 2001	4.49	4.94	5.28
17 April 2001	4.41	4.87	5.21
18 April 2001	4.26	4.75	5.14
19 April 2001	4.29	4.86	5.27
20 April 2001	4.26	4.88	5.29
23 April 2001	4.15	4.78	5.20
24 April 2001	4.16	4.78	5.22
25 April 2001	4.20	4.88	5.28
26 April 2001	4.14	4.79	5.20
27 April 2001	4.28	4.94	5.34
30 April 2001	4.30	4.97	5.35
1 May 2001	4.23	4.94	5.30
2 May 2001	4.27	4.95	5.31
3 May 2001	4.22	4.87	5.22
4 May 2001	4.14	4.83	5.21
7 May 2001	4.12	4.82	5.21
8 May 2001	4.10	4.68	5.24
9 May 2001	4.07	4.65	5.20
10 May 2001	4.17	4.76	5.31
11 May 2001	4.36	4.99	5.51
14 May 2001	4.29	4.94	5.46
15 May 2001	4.28	4.95	5.50
16 May 2001	4.25	4.95	5.48
17 May 2001	4.33	4.99	5.46
18 May 2001	4.37	4.99	5.41
21 May 2001	4.37	4.99	5.41
22 May 2001	4.34	4.99	5.42
23 May 2001	4.29	4.96	5.41
24 May 2001	4.32	5.05	5.52
25 May 2001	4.31	5.04	5.52
28 May 2001	ND	ND	ND
29 May 2001	4.33	5.06	5.54
30 May 2001	4.34	5.07	5.54
31 May 2001	4.22	4.94	5.43
1 June 2001	4.22	4.94	5.39
4 June 2001	4.19	4.93	5.35
5 June 2001	4.12	4.84	5.29
6 June 2001	4.12	4.83	5.27
7 June 2001	4.14	4.88	5.33
8 June 2001	4.17	4.93	5.38
11 June 2001	4.11	4.87	5.32
12 June 2001	4.09	4.82	5.27
13 June 2001	4.08	4.81	5.28
14 June 2001	4.04	4.76	5.26
15 June 2001	4.01	4.74	5.27
18 June 2001	3.98	4.73	5.27
19 June 2001	3.99	4.72	5.26
20 June 2001	3.98	4.72	5.24
21 June 2001	3.99	4.70	5.22
22 June 2001	3.93	4.63	5.14
25 June 2001	3.96	4.65	5.16
26 June 2001	4.03	4.74	5.24
27 June 2001	4.06	4.82	5.26
28 June 2001	4.22	4.92	5.35
29 June 2001	4.25	4.97	5.42
2 July 2001	4.21	4.88	5.37
3 July 2001	4.24	4.91	5.41
4 July 2001	ND	ND	ND
5 July 2001	4.24	4.95	5.44
6 July 2001	4.16	4.90	5.41
9 July 2001	4.15	4.88	5.37
10 July 2001	4.08	4.82	5.32
11 July 2001	4.07	4.81	5.31
12 July 2001	4.07	4.80	5.27
13 July 2001	4.12	4.82	5.27
16 July 2001	4.07	4.76	5.21
17 July 2001	4.09	4.78	5.22
18 July 2001	3.96	4.66	5.12
19 July 2001	3.98	4.69	5.13
20 July 2001	3.98	4.70	5.15
23 July 2001	3.98	4.68	5.13
24 July 2001	3.97	4.67	5.13
25 July 2001	3.98	4.74	5.20
26 July 2001	3.94	4.71	5.19
27 July 2001	3.87	4.64	5.13
30 July 2001	3.86	4.63	5.11
31 July 2001	3.79	4.57	5.07
1 August 2001	3.83	4.62	5.11
2 August 2001	3.89	4.69	5.17
3 August 2001	3.91	4.72	5.20
6 August 2001	3.88	4.71	5.19
7 August 2001	3.90	4.72	5.20
8 August 2001	3.77	4.61	4.99
9 August 2001	3.77	4.66	5.04
10 August 2001	3.73	4.61	4.99
13 August 2001	3.70	4.57	4.97
14 August 2001	3.74	4.59	4.97
15 August 2001	3.80	4.62	5.00
16 August 2001	3.75	4.58	4.95
17 August 2001	3.67	4.49	4.84
20 August 2001	3.74	4.55	4.91
21 August 2001	3.69	4.50	4.87
22 August 2001	3.76	4.53	4.91
23 August 2001	3.72	4.52	4.89
24 August 2001	3.76	4.55	4.93
27 August 2001	3.78	4.57	4.94
28 August 2001	3.71	4.48	4.85
29 August 2001	3.67	4.43	4.78
30 August 2001	3.61	4.42	4.79
31 August 2001	3.64	4.46	4.85
3 September 2001	ND	ND	ND
4 September 2001	3.83	4.63	4.99
5 September 2001	3.79	4.61	4.97
6 September 2001	3.65	4.48	4.86
7 September 2001	3.53	4.39	4.80
10 September 2001	3.53	4.41	4.84
11 September 2001	ND	ND	ND
12 September 2001	ND	ND	ND
13 September 2001	2.99	4.03	4.64
14 September 2001	2.87	3.92	4.57
17 September 2001	2.96	3.99	4.63
18 September 2001	2.96	4.01	4.72
19 September 2001	2.81	3.90	4.69
20 September 2001	2.91	3.97	4.75
21 September 2001	2.91	3.94	4.70
24 September 2001	2.94	4.00	4.73
25 September 2001	2.88	3.97	4.72
26 September 2001	2.82	3.91	4.65
27 September 2001	2.78	3.87	4.58
28 September 2001	2.86	3.93	4.60
1 October 2001	2.82	3.90	4.55
2 October 2001	2.77	3.87	4.53
3 October 2001	2.77	3.86	4.50
4 October 2001	2.75	3.88	4.53
5 October 2001	2.71	3.87	4.52
8 October 2001	ND	ND	ND
9 October 2001	2.74	3.96	4.62
10 October 2001	2.78	3.96	4.61
11 October 2001	2.88	4.03	4.69
12 October 2001	2.81	4.01	4.68
15 October 2001	2.78	3.97	4.62
16 October 2001	2.77	3.93	4.59
17 October 2001	2.80	3.93	4.59
18 October 2001	2.77	3.93	4.58
19 October 2001	2.77	3.96	4.63
22 October 2001	2.79	3.98	4.63
23 October 2001	2.81	4.01	4.66
24 October 2001	2.72	3.96	4.61
25 October 2001	2.63	3.89	4.56
26 October 2001	2.63	3.88	4.53
29 October 2001	2.55	3.82	4.50
30 October 2001	2.48	3.76	4.44
31 October 2001	2.44	3.66	4.30
1 November 2001	2.49	3.66	4.24
2 November 2001	2.48	3.77	4.37
5 November 2001	2.46	3.71	4.31
6 November 2001	2.37	3.54	4.30
7 November 2001	2.32	3.47	4.22
8 November 2001	2.42	3.58	4.32
9 November 2001	2.45	3.62	4.34
12 November 2001	ND	ND	ND
13 November 2001	2.54	3.69	4.41
14 November 2001	2.70	3.83	4.54
15 November 2001	2.98	4.10	4.79
16 November 2001	3.09	4.24	4.91
19 November 2001	2.92	4.12	4.80
20 November 2001	2.96	4.17	4.88
21 November 2001	3.11	4.31	4.98
22 November 2001	ND	ND	ND
23 November 2001	3.20	4.40	5.04
26 November 2001	3.22	4.41	5.05
27 November 2001	3.11	4.32	4.98
28 November 2001	3.12	4.33	4.98
29 November 2001	2.87	4.10	4.79
30 November 2001	2.84	4.08	4.78
3 December 2001	2.82	4.04	4.75
4 December 2001	2.81	3.99	4.70
5 December 2001	3.07	4.24	4.92
6 December 2001	3.19	4.38	5.04
7 December 2001	3.19	4.50	5.20
10 December 2001	3.10	4.46	5.17
11 December 2001	3.03	4.38	5.13
12 December 2001	2.97	4.29	5.02
13 December 2001	3.09	4.40	5.13
14 December 2001	3.20	4.52	5.24
17 December 2001	3.21	4.54	5.26
18 December 2001	3.13	4.46	5.16
19 December 2001	3.11	4.38	5.08
20 December 2001	3.15	4.42	5.08
21 December 2001	3.17	4.45	5.12
24 December 2001	3.22	4.49	5.18
25 December 2001	ND	ND	ND
26 December 2001	3.26	4.55	5.22
27 December 2001	3.19	4.46	5.13
28 December 2001	3.16	4.46	5.15
31 December 2001	3.07	4.38	5.07
1 January 2002	ND	ND	ND
2 January 2002	3.22	4.52	5.20
3 January 2002	3.19	4.48	5.16
4 January 2002	3.19	4.50	5.18
7 January 2002	3.08	4.39	5.09
8 January 2002	3.07	4.39	5.10
9 January 2002	3.03	4.38	5.10
10 January 2002	2.94	4.27	5.00
11 January 2002	2.76	4.14	4.92
14 January 2002	2.79	4.15	4.91
15 January 2002	2.79	4.14	4.88
16 January 2002	2.84	4.16	4.88
17 January 2002	2.96	4.28	4.98
18 January 2002	2.91	4.23	4.94
21 January 2002	ND	ND	ND
22 January 2002	2.97	4.27	4.96
23 January 2002	3.07	4.36	5.05
24 January 2002	3.15	4.40	5.07
25 January 2002	3.17	4.46	5.10
28 January 2002	3.19	4.48	5.12
29 January 2002	3.05	4.35	5.02
30 January 2002	3.06	4.37	5.02
31 January 2002	3.16	4.42	5.07
1 February 2002	3.08	4.37	5.02
4 February 2002	2.99	4.29	4.94
5 February 2002	2.99	4.29	4.92
6 February 2002	2.98	4.30	4.92
7 February 2002	2.99	4.33	4.93
8 February 2002	2.95	4.28	4.90
11 February 2002	2.95	4.29	4.91
12 February 2002	3.04	4.36	4.97
13 February 2002	3.09	4.40	5.01
14 February 2002	3.07	4.35	4.95
15 February 2002	2.97	4.27	4.86
18 February 2002	ND	ND	ND
19 February 2002	2.98	4.28	4.88
20 February 2002	3.00	4.28	4.88
21 February 2002	3.00	4.27	4.88
22 February 2002	2.97	4.23	4.84
25 February 2002	3.01	4.26	4.86
26 February 2002	3.08	4.33	4.93
27 February 2002	3.09	4.22	4.84
28 February 2002	3.06	4.27	4.88
1 March 2002	3.18	4.43	4.98
4 March 2002	3.24	4.43	5.02
5 March 2002	3.25	4.44	5.02
6 March 2002	3.26	4.45	5.06
7 March 2002	3.36	4.65	5.22
8 March 2002	3.60	4.77	5.33
11 March 2002	3.59	4.77	5.33
12 March 2002	3.56	4.75	5.32
13 March 2002	3.49	4.69	5.28
14 March 2002	3.63	4.83	5.40
15 March 2002	3.63	4.80	5.35
18 March 2002	3.67	4.79	5.32
19 March 2002	3.64	4.78	5.33
20 March 2002	3.71	4.87	5.40
21 March 2002	3.73	4.88	5.39
22 March 2002	3.77	4.90	5.40
25 March 2002	3.78	4.92	5.41
26 March 2002	3.68	4.85	5.35
27 March 2002	3.66	4.85	5.35
28 March 2002	3.72	4.91	5.42
29 March 2002	ND	ND	ND
1 April 2002	3.74	4.93	5.44
2 April 2002	3.63	4.84	5.36
3 April 2002	3.55	4.76	5.30
4 April 2002	3.57	4.76	5.28
5 April 2002	3.49	4.68	5.22
8 April 2002	3.51	4.70	5.25
9 April 2002	3.48	4.67	5.22
10 April 2002	3.48	4.68	5.24
11 April 2002	3.47	4.66	5.22
12 April 2002	3.41	4.60	5.18
15 April 2002	3.38	4.57	5.15
16 April 2002	3.43	4.62	5.20
17 April 2002	3.41	4.64	5.24
18 April 2002	3.38	4.64	5.23
19 April 2002	3.36	4.62	5.21
22 April 2002	3.37	4.62	5.19
23 April 2002	3.39	4.62	5.18
24 April 2002	3.28	4.53	5.11
25 April 2002	3.25	4.52	5.10
26 April 2002	3.22	4.49	5.08
29 April 2002	3.26	4.55	5.13
30 April 2002	3.24	4.53	5.11
1 May 2002	3.21	4.49	5.08
2 May 2002	3.25	4.54	5.13
3 May 2002	3.17	4.48	5.08
6 May 2002	3.19	4.50	5.10
7 May 2002	3.14	4.43	5.09
8 May 2002	3.32	4.58	5.24
9 May 2002	3.27	4.53	5.20
10 May 2002	3.19	4.46	5.15
13 May 2002	3.28	4.54	5.23
14 May 2002	3.40	4.64	5.32
15 May 2002	3.37	4.59	5.28
16 May 2002	3.28	4.52	5.20
17 May 2002	3.41	4.60	5.27
20 May 2002	3.33	4.53	5.21
21 May 2002	3.28	4.49	5.18
22 May 2002	3.23	4.43	5.13
23 May 2002	3.28	4.46	5.16
24 May 2002	3.28	4.47	5.16
27 May 2002	ND	ND	ND
28 May 2002	3.30	4.46	5.16
29 May 2002	3.24	4.41	5.11
30 May 2002	3.17	4.36	5.06
31 May 2002	3.22	4.37	5.08
3 June 2002	3.19	4.36	5.06
4 June 2002	3.13	4.31	5.04
5 June 2002	3.16	4.35	5.08
6 June 2002	3.13	4.30	5.04
7 June 2002	3.16	4.36	5.10
10 June 2002	3.15	4.34	5.07
11 June 2002	3.09	4.29	5.02
12 June 2002	3.05	4.24	4.98
13 June 2002	3.00	4.20	4.94
14 June 2002	2.92	4.10	4.83
17 June 2002	2.96	4.14	4.89
18 June 2002	2.93	4.13	4.88
19 June 2002	2.81	4.01	4.76
20 June 2002	2.93	4.11	4.85
21 June 2002	2.88	4.06	4.79
24 June 2002	2.93	4.13	4.87
25 June 2002	2.92	4.13	4.88
26 June 2002	2.77	3.99	4.75
27 June 2002	2.85	4.08	4.84
28 June 2002	2.90	4.09	4.86
1 July 2002	2.88	4.08	4.85
2 July 2002	2.78	3.99	4.77
3 July 2002	2.78	4.00	4.78
4 July 2002	ND	ND	ND
5 July 2002	2.90	4.13	4.90
8 July 2002	2.84	4.07	4.84
9 July 2002	2.74	3.98	4.78
10 July 2002	2.61	3.85	4.66
11 July 2002	2.61	3.86	4.66
12 July 2002	2.56	3.82	4.63
15 July 2002	2.55	3.85	4.66
16 July 2002	2.66	3.93	4.75
17 July 2002	2.63	3.89	4.71
18 July 2002	2.55	3.82	4.66
19 July 2002	2.48	3.76	4.61
22 July 2002	2.40	3.65	4.51
23 July 2002	2.34	3.59	4.47
24 July 2002	2.38	3.60	4.49
25 July 2002	2.28	3.51	4.43
26 July 2002	2.20	3.46	4.43
29 July 2002	2.41	3.68	4.62
30 July 2002	2.44	3.71	4.65
31 July 2002	2.23	3.53	4.51
1 August 2002	2.15	3.46	4.47
2 August 2002	1.99	3.27	4.33
5 August 2002	1.93	3.21	4.29
6 August 2002	2.11	3.36	4.42
7 August 2002	1.98	3.24	4.35
8 August 2002	2.10	3.35	4.40
9 August 2002	2.10	3.28	4.27
12 August 2002	2.10	3.24	4.22
13 August 2002	2.00	3.15	4.12
14 August 2002	2.12	3.19	4.06
15 August 2002	2.22	3.28	4.17
16 August 2002	2.28	3.41	4.32
19 August 2002	2.25	3.40	4.29
20 August 2002	2.12	3.25	4.17
21 August 2002	2.12	3.28	4.20
22 August 2002	2.22	3.37	4.30
23 August 2002	2.19	3.31	4.25
26 August 2002	2.19	3.29	4.22
27 August 2002	2.26	3.37	4.29
28 August 2002	2.23	3.31	4.22
29 August 2002	2.14	3.24	4.16
30 August 2002	2.14	3.22	4.14
2 September 2002	ND	ND	ND
3 September 2002	2.01	3.04	3.98
4 September 2002	2.02	3.02	3.96
5 September 2002	1.95	2.95	3.91
6 September 2002	2.08	3.10	4.05
9 September 2002	2.13	3.11	4.05
10 September 2002	2.12	3.08	4.00
11 September 2002	2.18	3.15	4.07
12 September 2002	2.12	3.07	3.98
13 September 2002	2.07	3.00	3.92
16 September 2002	2.07	3.00	3.90
17 September 2002	2.06	2.97	3.87
18 September 2002	2.04	2.96	3.86
19 September 2002	1.93	2.87	3.79
20 September 2002	1.94	2.86	3.79
23 September 2002	1.93	2.76	3.70
24 September 2002	1.93	2.76	3.69
25 September 2002	2.00	2.83	3.77
26 September 2002	1.97	2.86	3.79
27 September 2002	1.82	2.74	3.69
30 September 2002	1.72	2.63	3.63
1 October 2002	1.80	2.75	3.72
2 October 2002	1.75	2.74	3.71
3 October 2002	1.75	2.74	3.70
4 October 2002	1.78	2.73	3.69
7 October 2002	1.77	2.67	3.64
8 October 2002	1.80	2.70	3.65
9 October 2002	1.72	2.65	3.61
10 October 2002	1.75	2.68	3.68
11 October 2002	1.85	2.83	3.83
14 October 2002	ND	ND	ND
15 October 2002	2.08	3.11	4.07
16 October 2002	2.02	3.11	4.06
17 October 2002	2.10	3.20	4.16
18 October 2002	2.09	3.17	4.14
21 October 2002	2.23	3.28	4.24
22 October 2002	2.21	3.29	4.27
23 October 2002	2.20	3.26	4.26
24 October 2002	2.09	3.18	4.16
25 October 2002	1.98	3.10	4.12
28 October 2002	1.88	3.03	4.10
29 October 2002	1.79	2.89	3.97
30 October 2002	1.74	2.87	3.99
31 October 2002	1.68	2.81	3.93
1 November 2002	1.76	2.92	4.01
4 November 2002	1.79	3.00	4.07
5 November 2002	1.82	3.00	4.10
6 November 2002	1.87	3.01	4.09
7 November 2002	1.86	2.86	3.88
8 November 2002	1.87	2.87	3.85
11 November 2002	ND	ND	ND
12 November 2002	1.79	2.83	3.84
13 November 2002	1.76	2.82	3.84
14 November 2002	1.89	3.01	4.03
15 November 2002	1.91	3.05	4.05
18 November 2002	1.91	3.04	4.02
19 November 2002	1.91	3.02	3.99
20 November 2002	1.98	3.13	4.08
21 November 2002	2.05	3.20	4.14
22 November 2002	2.10	3.26	4.18
25 November 2002	2.09	3.26	4.19
26 November 2002	1.97	3.14	4.08
27 November 2002	2.13	3.34	4.26
28 November 2002	ND	ND	ND
29 November 2002	2.08	3.28	4.22
2 December 2002	2.07	3.31	4.22
3 December 2002	2.08	3.33	4.24
4 December 2002	2.02	3.25	4.18
5 December 2002	1.97	3.19	4.13
6 December 2002	1.89	3.13	4.09
9 December 2002	1.88	3.08	4.06
10 December 2002	1.90	3.07	4.06
11 December 2002	1.85	3.02	4.01
12 December 2002	1.85	3.03	4.01
13 December 2002	1.87	3.08	4.07
16 December 2002	1.94	3.14	4.15
17 December 2002	1.89	3.11	4.13
18 December 2002	1.81	3.03	4.06
19 December 2002	1.74	2.91	3.96
20 December 2002	1.76	2.93	3.97
23 December 2002	1.79	2.95	3.98
24 December 2002	1.73	2.92	3.95
25 December 2002	ND	ND	ND
26 December 2002	1.70	2.89	3.93
27 December 2002	1.60	2.79	3.83
30 December 2002	1.61	2.76	3.82
31 December 2002	1.61	2.78	3.83
1 January 2003	ND	ND	ND
2 January 2003	1.80	3.05	4.07
3 January 2003	1.79	3.03	4.05
6 January 2003	1.84	3.10	4.09
7 January 2003	1.77	3.04	4.04
8 January 2003	1.71	3.01	4.00
9 January 2003	1.87	3.23	4.19
10 January 2003	1.79	3.20	4.16
13 January 2003	1.81	3.17	4.15
14 January 2003	1.76	3.10	4.10
15 January 2003	1.75	3.10	4.10
16 January 2003	1.75	3.11	4.10
17 January 2003	1.70	3.05	4.05
20 January 2003	ND	ND	ND
21 January 2003	1.67	3.00	4.01
22 January 2003	1.66	2.94	3.95
23 January 2003	1.69	2.97	3.98
24 January 2003	1.66	2.93	3.94
27 January 2003	1.70	2.97	3.98
28 January 2003	1.70	2.99	4.00
29 January 2003	1.77	3.07	4.06
30 January 2003	1.70	3.02	4.00
31 January 2003	1.72	3.02	4.00
3 February 2003	1.72	3.05	4.01
4 February 2003	1.68	2.99	3.96
5 February 2003	1.73	3.07	4.02
6 February 2003	1.68	3.02	3.97
7 February 2003	1.63	2.97	3.96
10 February 2003	1.68	3.03	3.99
11 February 2003	1.65	3.00	3.98
12 February 2003	1.62	2.92	3.93
13 February 2003	1.57	2.85	3.89
14 February 2003	1.62	2.91	3.95
17 February 2003	ND	ND	ND
18 February 2003	1.66	2.92	3.94
19 February 2003	1.61	2.87	3.88
20 February 2003	1.59	2.82	3.85
21 February 2003	1.63	2.86	3.90
24 February 2003	1.60	2.82	3.86
25 February 2003	1.58	2.77	3.81
26 February 2003	1.57	2.75	3.78
27 February 2003	1.58	2.75	3.76
28 February 2003	1.53	2.69	3.71
3 March 2003	1.52	2.66	3.68
4 March 2003	1.49	2.62	3.65
5 March 2003	1.46	2.58	3.63
6 March 2003	1.47	2.63	3.67
7 March 2003	1.39	2.56	3.63
10 March 2003	1.35	2.51	3.59
11 March 2003	1.38	2.54	3.60
12 March 2003	1.45	2.57	3.60
13 March 2003	1.59	2.75	3.74
14 March 2003	1.56	2.72	3.72
17 March 2003	1.63	2.82	3.82
18 March 2003	1.72	2.93	3.91
19 March 2003	1.72	2.98	3.98
20 March 2003	1.75	3.02	4.01
21 March 2003	1.80	3.12	4.11
24 March 2003	1.71	2.98	3.98
25 March 2003	1.69	2.97	3.97
26 March 2003	1.68	2.94	3.96
27 March 2003	1.62	2.92	3.95
28 March 2003	1.56	2.86	3.92
31 March 2003	1.51	2.78	3.83
1 April 2003	1.50	2.78	3.84
2 April 2003	1.60	2.89	3.94
3 April 2003	1.55	2.87	3.93
4 April 2003	1.55	2.88	3.96
7 April 2003	1.65	2.99	4.03
8 April 2003	1.59	2.91	3.95
9 April 2003	1.55	2.87	3.93
10 April 2003	1.60	2.89	3.95
11 April 2003	1.65	2.95	4.00
14 April 2003	1.74	3.02	4.04
15 April 2003	1.69	2.96	3.98
16 April 2003	1.67	2.95	3.96
17 April 2003	1.71	2.99	3.98
18 April 2003	ND	ND	ND
21 April 2003	1.71	3.03	4.00
22 April 2003	1.70	3.01	4.01
23 April 2003	1.70	3.02	4.02
24 April 2003	1.62	2.92	3.93
25 April 2003	1.57	2.88	3.91
28 April 2003	1.59	2.90	3.92
29 April 2003	1.62	2.94	3.96
30 April 2003	1.51	2.85	3.89
1 May 2003	1.50	2.82	3.88
2 May 2003	1.56	2.90	3.94
5 May 2003	1.55	2.87	3.92
6 May 2003	1.45	2.76	3.84
7 May 2003	1.45	2.64	3.72
8 May 2003	1.49	2.62	3.70
9 May 2003	1.45	2.61	3.69
12 May 2003	1.46	2.58	3.64
13 May 2003	1.47	2.58	3.63
14 May 2003	1.41	2.47	3.53
15 May 2003	1.46	2.52	3.53
16 May 2003	1.38	2.43	3.46
19 May 2003	1.35	2.41	3.46
20 May 2003	1.31	2.34	3.38
21 May 2003	1.38	2.37	3.39
22 May 2003	1.36	2.32	3.34
23 May 2003	1.38	2.33	3.34
26 May 2003	ND	ND	ND
27 May 2003	1.33	2.34	3.41
28 May 2003	1.35	2.35	3.44
29 May 2003	1.30	2.27	3.34
30 May 2003	1.33	2.30	3.37
2 June 2003	1.33	2.37	3.43
3 June 2003	1.20	2.25	3.34
4 June 2003	1.20	2.19	3.30
5 June 2003	1.25	2.25	3.34
6 June 2003	1.27	2.29	3.37
9 June 2003	1.19	2.20	3.29
10 June 2003	1.13	2.12	3.20
11 June 2003	1.16	2.16	3.21
12 June 2003	1.13	2.10	3.18
13 June 2003	1.10	2.08	3.13
16 June 2003	1.18	2.14	3.18
17 June 2003	1.25	2.26	3.27
18 June 2003	1.27	2.34	3.37
19 June 2003	1.17	2.28	3.35
20 June 2003	1.22	2.31	3.40
23 June 2003	1.17	2.24	3.32
24 June 2003	1.14	2.21	3.29
25 June 2003	1.30	2.32	3.38
26 June 2003	1.41	2.49	3.55
27 June 2003	1.38	2.52	3.58
30 June 2003	1.32	2.46	3.54
1 July 2003	1.30	2.48	3.56
2 July 2003	1.30	2.47	3.56
3 July 2003	1.32	2.55	3.67
4 July 2003	ND	ND	ND
7 July 2003	1.36	2.63	3.74
8 July 2003	1.39	2.65	3.75
9 July 2003	1.37	2.63	3.73
10 July 2003	1.33	2.59	3.70
11 July 2003	1.29	2.52	3.66
14 July 2003	1.35	2.60	3.74
15 July 2003	1.45	2.81	3.94
16 July 2003	1.49	2.87	3.97
17 July 2003	1.47	2.88	3.98
18 July 2003	1.51	2.93	4.00
21 July 2003	1.61	3.10	4.19
22 July 2003	1.57	3.07	4.17
23 July 2003	1.54	3.04	4.12
24 July 2003	1.54	3.08	4.20
25 July 2003	1.52	3.10	4.22
28 July 2003	1.61	3.21	4.31
29 July 2003	1.67	3.33	4.42
30 July 2003	1.64	3.27	4.34
31 July 2003	1.80	3.38	4.49
1 August 2003	1.85	3.37	4.44
4 August 2003	1.71	3.24	4.35
5 August 2003	1.88	3.37	4.47
6 August 2003	1.78	3.25	4.32
7 August 2003	1.74	3.19	4.30
8 August 2003	1.72	3.17	4.27
11 August 2003	1.81	3.26	4.38
12 August 2003	1.71	3.23	4.37
13 August 2003	1.86	3.43	4.58
14 August 2003	1.86	3.42	4.55
15 August 2003	1.85	3.42	4.55
18 August 2003	1.87	3.37	4.49
19 August 2003	1.81	3.27	4.38
20 August 2003	1.84	3.35	4.45
21 August 2003	1.98	3.51	4.53
22 August 2003	1.97	3.47	4.48
25 August 2003	2.02	3.52	4.53
26 August 2003	1.96	3.50	4.50
27 August 2003	2.05	3.55	4.54
28 August 2003	1.93	3.42	4.42
29 August 2003	1.95	3.46	4.45
1 September 2003	ND	ND	ND
2 September 2003	2.04	3.63	4.61
3 September 2003	2.02	3.61	4.60
4 September 2003	1.91	3.50	4.52
5 September 2003	1.72	3.28	4.35
8 September 2003	1.75	3.32	4.41
9 September 2003	1.71	3.28	4.37
10 September 2003	1.64	3.18	4.28
11 September 2003	1.71	3.24	4.35
12 September 2003	1.66	3.15	4.27
15 September 2003	1.63	3.12	4.28
16 September 2003	1.63	3.12	4.29
17 September 2003	1.63	3.06	4.20
18 September 2003	1.68	3.09	4.19
19 September 2003	1.70	3.11	4.17
22 September 2003	1.70	3.16	4.26
23 September 2003	1.68	3.13	4.24
24 September 2003	1.66	3.07	4.16
25 September 2003	1.65	3.05	4.12
26 September 2003	1.60	2.95	4.04
29 September 2003	1.61	2.98	4.09
30 September 2003	1.50	2.85	3.96
1 October 2003	1.47	2.84	3.96
2 October 2003	1.48	2.90	4.03
3 October 2003	1.65	3.12	4.21
6 October 2003	1.60	3.06	4.17
7 October 2003	1.67	3.15	4.27
8 October 2003	1.65	3.14	4.27
9 October 2003	1.69	3.17	4.32
10 October 2003	1.65	3.15	4.29
13 October 2003	ND	ND	ND
14 October 2003	1.73	3.23	4.37
15 October 2003	1.79	3.30	4.43
16 October 2003	1.96	3.40	4.47
17 October 2003	1.90	3.33	4.41
20 October 2003	1.88	3.33	4.41
21 October 2003	1.89	3.31	4.38
22 October 2003	1.80	3.21	4.29
23 October 2003	1.84	3.24	4.34
24 October 2003	1.76	3.13	4.24
27 October 2003	1.83	3.21	4.30
28 October 2003	1.71	3.11	4.23
29 October 2003	1.79	3.20	4.31
30 October 2003	1.86	3.29	4.36
31 October 2003	1.85	3.27	4.33
3 November 2003	1.90	3.34	4.40
4 November 2003	1.86	3.28	4.33
5 November 2003	1.94	3.35	4.38
6 November 2003	2.01	3.43	4.45
7 November 2003	2.04	3.47	4.48
10 November 2003	2.06	3.49	4.49
11 November 2003	ND	ND	ND
12 November 2003	2.05	3.45	4.44
13 November 2003	1.92	3.29	4.30
14 November 2003	1.84	3.19	4.22
17 November 2003	1.80	3.14	4.18
18 November 2003	1.83	3.14	4.17
19 November 2003	1.90	3.22	4.24
20 November 2003	1.83	3.14	4.16
21 November 2003	1.84	3.15	4.15
24 November 2003	1.94	3.24	4.23
25 November 2003	1.89	3.20	4.19
26 November 2003	1.97	3.27	4.25
27 November 2003	ND	ND	ND
28 November 2003	2.06	3.38	4.34
1 December 2003	2.12	3.46	4.40
2 December 2003	2.07	3.43	4.38
3 December 2003	2.09	3.46	4.41
4 December 2003	2.06	3.42	4.38
5 December 2003	1.88	3.23	4.23
8 December 2003	1.94	3.28	4.29
9 December 2003	1.97	3.33	4.32
10 December 2003	1.94	3.28	4.30
11 December 2003	1.83	3.21	4.27
12 December 2003	1.84	3.23	4.26
15 December 2003	1.88	3.26	4.28
16 December 2003	1.83	3.21	4.24
17 December 2003	1.83	3.18	4.19
18 December 2003	1.85	3.17	4.16
19 December 2003	1.82	3.16	4.15
22 December 2003	1.84	3.19	4.18
23 December 2003	1.96	3.30	4.28
24 December 2003	1.83	3.20	4.20
25 December 2003	ND	ND	ND
26 December 2003	1.82	3.17	4.17
29 December 2003	1.86	3.23	4.24
30 December 2003	1.86	3.26	4.29
31 December 2003	1.84	3.25	4.27
1 January 2004	ND	ND	ND
2 January 2004	1.94	3.36	4.38
5 January 2004	1.95	3.39	4.41
6 January 2004	1.84	3.26	4.29
7 January 2004	1.84	3.25	4.27
8 January 2004	1.85	3.24	4.27
9 January 2004	1.68	3.05	4.11
12 January 2004	1.68	3.04	4.11
13 January 2004	1.63	2.98	4.05
14 January 2004	1.65	2.96	4.01
15 January 2004	1.67	2.97	3.99
16 January 2004	1.70	3.03	4.04
19 January 2004	ND	ND	ND
20 January 2004	1.69	3.05	4.08
21 January 2004	1.69	3.02	4.05
22 January 2004	1.66	2.96	3.99
23 January 2004	1.71	3.06	4.09
26 January 2004	1.75	3.13	4.16
27 January 2004	1.70	3.07	4.11
28 January 2004	1.87	3.22	4.22
29 January 2004	1.88	3.22	4.22
30 January 2004	1.84	3.17	4.16
2 February 2004	1.83	3.18	4.18
3 February 2004	1.78	3.12	4.13
4 February 2004	1.80	3.15	4.15
5 February 2004	1.85	3.21	4.20
6 February 2004	1.77	3.12	4.12
9 February 2004	1.76	3.08	4.09
10 February 2004	1.82	3.13	4.13
11 February 2004	1.73	3.03	4.05
12 February 2004	1.75	3.07	4.10
13 February 2004	1.70	3.01	4.05
16 February 2004	ND	ND	ND
17 February 2004	1.70	3.02	4.05
18 February 2004	1.72	3.03	4.05
19 February 2004	1.70	3.02	4.05
20 February 2004	1.75	3.08	4.10
23 February 2004	1.69	3.03	4.05
24 February 2004	1.69	3.01	4.04
25 February 2004	1.67	2.98	4.02
26 February 2004	1.69	3.01	4.05
27 February 2004	1.66	3.01	3.99
1 March 2004	1.67	2.98	4.00
2 March 2004	1.74	3.04	4.05
3 March 2004	1.74	3.06	4.07
4 March 2004	1.73	3.02	4.04
5 March 2004	1.57	2.81	3.85
8 March 2004	1.52	2.74	3.78
9 March 2004	1.51	2.68	3.73
10 March 2004	1.54	2.71	3.74
11 March 2004	1.52	2.72	3.74
12 March 2004	1.54	2.73	3.78
15 March 2004	1.56	2.74	3.78
16 March 2004	1.51	2.65	3.70
17 March 2004	1.53	2.66	3.71
18 March 2004	1.55	2.72	3.76
19 March 2004	1.56	2.75	3.80
22 March 2004	1.52	2.69	3.74
23 March 2004	1.52	2.69	3.73
24 March 2004	1.50	2.68	3.73
25 March 2004	1.51	2.70	3.75
26 March 2004	1.59	2.81	3.85
29 March 2004	1.63	2.86	3.91
30 March 2004	1.63	2.86	3.91
31 March 2004	1.60	2.80	3.86
1 April 2004	1.65	2.87	3.91
2 April 2004	1.86	3.15	4.15
5 April 2004	1.91	3.24	4.24
6 April 2004	1.86	3.19	4.19
7 April 2004	1.87	3.19	4.19
8 April 2004	1.88	3.22	4.21
9 April 2004	ND	ND	ND
12 April 2004	1.91	3.26	4.25
13 April 2004	2.01	3.37	4.35
14 April 2004	2.13	3.44	4.40
15 April 2004	2.10	3.45	4.42
16 April 2004	2.03	3.39	4.37
19 April 2004	2.07	3.42	4.39
20 April 2004	2.11	3.45	4.43
21 April 2004	2.22	3.52	4.45
22 April 2004	2.15	3.46	4.40
23 April 2004	2.29	3.58	4.48
26 April 2004	2.28	3.57	4.46
27 April 2004	2.21	3.52	4.43
28 April 2004	2.30	3.60	4.50
29 April 2004	2.34	3.66	4.55
30 April 2004	2.31	3.63	4.53
3 May 2004	2.34	3.63	4.53
4 May 2004	2.32	3.66	4.56
5 May 2004	2.34	3.71	4.61
6 May 2004	2.39	3.72	4.63
7 May 2004	2.64	3.96	4.79
10 May 2004	2.61	3.95	4.81
11 May 2004	2.61	3.94	4.79
12 May 2004	2.62	3.96	4.83
13 May 2004	2.67	4.01	4.85
14 May 2004	2.59	3.92	4.79
17 May 2004	2.51	3.83	4.70
18 May 2004	2.58	3.87	4.74
19 May 2004	2.61	3.93	4.79
20 May 2004	2.55	3.86	4.72
21 May 2004	2.60	3.91	4.76
24 May 2004	2.59	3.90	4.75
25 May 2004	2.58	3.89	4.73
26 May 2004	2.52	3.81	4.67
27 May 2004	2.46	3.74	4.60
28 May 2004	2.54	3.81	4.66
31 May 2004	ND	ND	ND
1 June 2004	2.60	3.86	4.71
2 June 2004	2.65	3.91	4.74
3 June 2004	2.63	3.89	4.71
4 June 2004	2.70	3.97	4.78
7 June 2004	2.67	3.95	4.78
8 June 2004	2.73	3.96	4.78
9 June 2004	2.79	4.01	4.82
10 June 2004	2.81	4.00	4.81
11 June 2004	ND	ND	ND
14 June 2004	2.97	4.10	4.89
15 June 2004	2.77	3.90	4.69
16 June 2004	2.84	3.96	4.74
17 June 2004	2.81	3.93	4.71
18 June 2004	2.81	3.94	4.72
21 June 2004	2.80	3.91	4.70
22 June 2004	2.80	3.92	4.72
23 June 2004	2.78	3.90	4.71
24 June 2004	2.74	3.85	4.66
25 June 2004	2.74	3.85	4.66
28 June 2004	2.86	3.97	4.76
29 June 2004	2.83	3.92	4.70
30 June 2004	2.70	3.81	4.62
1 July 2004	2.64	3.74	4.57
2 July 2004	2.54	3.62	4.48
5 July 2004	ND	ND	ND
6 July 2004	2.56	3.65	4.49
7 July 2004	2.56	3.67	4.50
8 July 2004	2.55	3.65	4.49
9 July 2004	2.55	3.64	4.49
12 July 2004	2.53	3.62	4.46
13 July 2004	2.58	3.66	4.50
14 July 2004	2.62	3.68	4.50
15 July 2004	2.64	3.69	4.50
16 July 2004	2.54	3.56	4.38
19 July 2004	2.56	3.57	4.38
20 July 2004	2.67	3.68	4.47
21 July 2004	2.71	3.72	4.50
22 July 2004	2.69	3.71	4.48
23 July 2004	2.69	3.69	4.45
26 July 2004	2.75	3.73	4.49
27 July 2004	2.82	3.85	4.62
28 July 2004	2.78	3.82	4.61
29 July 2004	2.75	3.80	4.60
30 July 2004	2.68	3.71	4.50
2 August 2004	2.66	3.68	4.48
3 August 2004	2.66	3.67	4.45
4 August 2004	2.66	3.66	4.45
5 August 2004	2.64	3.64	4.43
6 August 2004	2.40	3.40	4.24
9 August 2004	2.45	3.45	4.28
10 August 2004	2.55	3.52	4.32
11 August 2004	2.54	3.51	4.30
12 August 2004	2.52	3.47	4.27
13 August 2004	2.47	3.42	4.22
16 August 2004	2.51	3.45	4.26
17 August 2004	2.44	3.39	4.21
18 August 2004	2.44	3.41	4.23
19 August 2004	2.43	3.39	4.22
20 August 2004	2.46	3.42	4.24
23 August 2004	2.50	3.46	4.28
24 August 2004	2.50	3.46	4.28
25 August 2004	2.51	3.46	4.26
26 August 2004	2.48	3.42	4.22
27 August 2004	2.48	3.43	4.23
30 August 2004	2.47	3.40	4.19
31 August 2004	2.41	3.33	4.13
1 September 2004	2.41	3.32	4.13
2 September 2004	2.46	3.40	4.20
3 September 2004	2.61	3.52	4.30
6 September 2004	ND	ND	ND
7 September 2004	2.58	3.48	4.26
8 September 2004	2.50	3.40	4.18
9 September 2004	2.50	3.41	4.22
10 September 2004	2.50	3.40	4.19
13 September 2004	2.50	3.38	4.16
14 September 2004	2.47	3.35	4.15
15 September 2004	2.51	3.39	4.18
16 September 2004	2.44	3.29	4.08
17 September 2004	2.53	3.35	4.14
20 September 2004	2.46	3.28	4.07
21 September 2004	2.49	3.28	4.05
22 September 2004	2.50	3.26	4.00
23 September 2004	2.57	3.30	4.02
24 September 2004	2.62	3.33	4.04
27 September 2004	2.59	3.29	4.01
28 September 2004	2.55	3.28	4.02
29 September 2004	2.61	3.37	4.10
30 September 2004	2.63	3.38	4.14
1 October 2004	2.63	3.44	4.21
4 October 2004	2.65	3.44	4.19
5 October 2004	2.65	3.44	4.18
6 October 2004	2.70	3.51	4.23
7 October 2004	2.72	3.53	4.26
8 October 2004	2.61	3.39	4.15
11 October 2004	ND	ND	ND
12 October 2004	2.56	3.35	4.12
13 October 2004	2.53	3.32	4.09
14 October 2004	2.48	3.26	4.03
15 October 2004	2.53	3.31	4.07
18 October 2004	2.55	3.31	4.07
19 October 2004	2.57	3.32	4.07
20 October 2004	2.53	3.26	4.01
21 October 2004	2.57	3.29	4.01
22 October 2004	2.55	3.26	4.00
25 October 2004	2.54	3.25	3.99
26 October 2004	2.54	3.26	4.01
27 October 2004	2.63	3.37	4.11
28 October 2004	2.59	3.34	4.09
29 October 2004	2.56	3.30	4.05
1 November 2004	2.61	3.36	4.11
2 November 2004	2.60	3.34	4.10
3 November 2004	2.60	3.35	4.09
4 November 2004	2.63	3.37	4.10
5 November 2004	2.80	3.51	4.21
8 November 2004	2.80	3.51	4.22
9 November 2004	2.80	3.53	4.22
10 November 2004	2.82	3.56	4.25
11 November 2004	ND	ND	ND
12 November 2004	2.86	3.53	4.20
15 November 2004	2.89	3.53	4.20
16 November 2004	2.91	3.56	4.21
17 November 2004	2.85	3.47	4.14
18 November 2004	2.86	3.48	4.12
19 November 2004	2.95	3.57	4.20
22 November 2004	2.95	3.56	4.18
23 November 2004	2.98	3.58	4.19
24 November 2004	3.01	3.61	4.20
25 November 2004	ND	ND	ND
26 November 2004	3.03	3.64	4.24
29 November 2004	3.07	3.72	4.34
30 November 2004	3.02	3.72	4.36
1 December 2004	3.01	3.72	4.38
2 December 2004	3.04	3.75	4.40
3 December 2004	2.94	3.61	4.27
6 December 2004	2.93	3.59	4.24
7 December 2004	2.95	3.60	4.23
8 December 2004	2.91	3.53	4.14
9 December 2004	2.93	3.54	4.19
10 December 2004	2.95	3.52	4.16
13 December 2004	2.98	3.54	4.16
14 December 2004	2.99	3.53	4.14
15 December 2004	2.97	3.48	4.09
16 December 2004	3.01	3.58	4.19
17 December 2004	3.03	3.59	4.21
20 December 2004	3.06	3.59	4.21
21 December 2004	3.05	3.57	4.18
22 December 2004	3.04	3.57	4.21
23 December 2004	3.02	3.58	4.23
24 December 2004	ND	ND	ND
27 December 2004	3.07	3.65	4.30
28 December 2004	3.08	3.66	4.31
29 December 2004	3.12	3.69	4.33
30 December 2004	3.10	3.64	4.27
31 December 2004	3.08	3.63	4.24
3 January 2005	3.10	3.64	4.23
4 January 2005	3.20	3.72	4.29
5 January 2005	3.22	3.73	4.29
6 January 2005	3.18	3.71	4.29
7 January 2005	3.20	3.73	4.29
10 January 2005	3.23	3.75	4.29
11 January 2005	3.24	3.73	4.26
12 January 2005	3.22	3.72	4.25
13 January 2005	3.21	3.68	4.20
14 January 2005	3.24	3.71	4.23
17 January 2005	ND	ND	ND
18 January 2005	3.26	3.72	4.21
19 January 2005	3.26	3.73	4.20
20 January 2005	3.21	3.68	4.17
21 January 2005	3.16	3.65	4.16
24 January 2005	3.20	3.65	4.14
25 January 2005	3.23	3.71	4.20
26 January 2005	3.27	3.73	4.21
27 January 2005	3.28	3.75	4.22
28 January 2005	3.25	3.69	4.16
31 January 2005	3.29	3.71	4.14
1 February 2005	3.29	3.71	4.15
2 February 2005	3.32	3.73	4.15
3 February 2005	3.34	3.76	4.18
4 February 2005	3.29	3.68	4.09
7 February 2005	3.31	3.67	4.07
8 February 2005	3.33	3.68	4.05
9 February 2005	3.24	3.58	4.00
10 February 2005	3.29	3.65	4.07
11 February 2005	3.34	3.70	4.10
14 February 2005	3.38	3.70	4.08
15 February 2005	3.37	3.71	4.10
16 February 2005	3.41	3.78	4.16
17 February 2005	3.38	3.78	4.19
18 February 2005	3.45	3.86	4.27
21 February 2005	ND	ND	ND
22 February 2005	3.46	3.88	4.29
23 February 2005	3.46	3.87	4.27
24 February 2005	3.52	3.91	4.29
25 February 2005	3.54	3.91	4.27
28 February 2005	3.59	4.00	4.36
1 March 2005	3.59	4.02	4.38
2 March 2005	3.57	4.00	4.38
3 March 2005	3.59	4.02	4.39
4 March 2005	3.57	3.97	4.32
7 March 2005	3.61	3.99	4.31
8 March 2005	3.62	4.05	4.38
9 March 2005	3.66	4.16	4.52
10 March 2005	3.68	4.13	4.48
11 March 2005	3.73	4.22	4.56
14 March 2005	3.75	4.20	4.52
15 March 2005	3.75	4.22	4.54
16 March 2005	3.72	4.18	4.52
17 March 2005	3.70	4.14	4.47
18 March 2005	3.72	4.18	4.51
21 March 2005	3.72	4.18	4.53
22 March 2005	3.86	4.31	4.63
23 March 2005	3.84	4.30	4.61
24 March 2005	3.88	4.30	4.60
25 March 2005	ND	ND	ND
28 March 2005	3.90	4.33	4.64
29 March 2005	3.87	4.30	4.60
30 March 2005	3.86	4.26	4.56
31 March 2005	3.80	4.18	4.50
1 April 2005	3.75	4.13	4.46
4 April 2005	3.74	4.13	4.47
5 April 2005	3.75	4.15	4.48
6 April 2005	3.70	4.09	4.44
7 April 2005	3.72	4.13	4.49
8 April 2005	3.77	4.17	4.50
11 April 2005	3.75	4.13	4.45
12 April 2005	3.71	4.05	4.38
13 April 2005	3.66	4.03	4.38
14 April 2005	3.60	3.99	4.37
15 April 2005	3.54	3.90	4.27
18 April 2005	3.55	3.90	4.27
19 April 2005	3.50	3.85	4.21
20 April 2005	3.52	3.86	4.22
21 April 2005	3.65	3.97	4.32
22 April 2005	3.62	3.92	4.26
25 April 2005	3.64	3.94	4.26
26 April 2005	3.67	3.96	4.28
27 April 2005	3.64	3.92	4.25
28 April 2005	3.59	3.85	4.19
29 April 2005	3.66	3.90	4.21
2 May 2005	3.64	3.88	4.21
3 May 2005	3.68	3.90	4.21
4 May 2005	3.63	3.87	4.20
5 May 2005	3.58	3.82	4.19
6 May 2005	3.73	3.95	4.28
9 May 2005	3.76	3.99	4.29
10 May 2005	3.69	3.93	4.23
11 May 2005	3.68	3.91	4.21
12 May 2005	3.66	3.87	4.18
13 May 2005	3.61	3.83	4.12
16 May 2005	3.61	3.83	4.13
17 May 2005	3.61	3.82	4.12
18 May 2005	3.56	3.77	4.07
19 May 2005	3.64	3.84	4.11
20 May 2005	3.69	3.88	4.13
23 May 2005	3.65	3.83	4.07
24 May 2005	3.61	3.78	4.04
25 May 2005	3.61	3.81	4.08
26 May 2005	3.64	3.82	4.08
27 May 2005	3.64	3.82	4.08
30 May 2005	ND	ND	ND
31 May 2005	3.60	3.76	4.00
1 June 2005	3.50	3.63	3.91
2 June 2005	3.52	3.65	3.89
3 June 2005	3.57	3.73	3.98
6 June 2005	3.59	3.73	3.96
7 June 2005	3.57	3.70	3.92
8 June 2005	3.60	3.73	3.95
9 June 2005	3.64	3.76	3.98
10 June 2005	3.71	3.84	4.05
13 June 2005	3.71	3.87	4.09
14 June 2005	3.71	3.89	4.13
15 June 2005	3.72	3.90	4.12
16 June 2005	3.70	3.87	4.09
17 June 2005	3.72	3.88	4.09
20 June 2005	3.72	3.88	4.11
21 June 2005	3.71	3.84	4.06
22 June 2005	3.62	3.72	3.95
23 June 2005	3.63	3.74	3.96
24 June 2005	3.59	3.69	3.92
27 June 2005	3.60	3.69	3.90
28 June 2005	3.65	3.76	3.97
29 June 2005	3.65	3.77	3.99
30 June 2005	3.66	3.72	3.94
1 July 2005	3.76	3.84	4.06
4 July 2005	ND	ND	ND
5 July 2005	3.79	3.90	4.11
6 July 2005	3.77	3.86	4.08
7 July 2005	3.71	3.83	4.05
8 July 2005	3.78	3.89	4.11
11 July 2005	3.81	3.91	4.11
12 July 2005	3.82	3.94	4.15
13 July 2005	3.84	3.96	4.17
14 July 2005	3.86	3.98	4.19
15 July 2005	3.86	3.98	4.18
18 July 2005	3.89	4.01	4.22
19 July 2005	3.88	3.99	4.20
20 July 2005	3.90	3.99	4.17
21 July 2005	3.96	4.09	4.28
22 July 2005	3.92	4.04	4.23
25 July 2005	3.95	4.06	4.25
26 July 2005	3.95	4.06	4.24
27 July 2005	3.99	4.09	4.27
28 July 2005	3.96	4.04	4.20
29 July 2005	4.02	4.12	4.28
1 August 2005	4.04	4.16	4.32
2 August 2005	4.06	4.17	4.34
3 August 2005	4.02	4.13	4.30
4 August 2005	4.04	4.15	4.32
5 August 2005	4.11	4.24	4.40
8 August 2005	4.16	4.28	4.42
9 August 2005	4.13	4.25	4.41
10 August 2005	4.13	4.24	4.40
11 August 2005	4.10	4.18	4.32
12 August 2005	4.05	4.11	4.24
15 August 2005	4.08	4.15	4.27
16 August 2005	4.03	4.10	4.23
17 August 2005	4.07	4.15	4.28
18 August 2005	4.01	4.08	4.21
19 August 2005	4.03	4.08	4.21
22 August 2005	4.03	4.08	4.22
23 August 2005	4.01	4.07	4.20
24 August 2005	3.99	4.06	4.19
25 August 2005	4.00	4.06	4.18
26 August 2005	4.06	4.09	4.20
29 August 2005	4.06	4.08	4.20
30 August 2005	3.97	4.03	4.16
31 August 2005	3.84	3.87	4.02
1 September 2005	3.72	3.85	4.02
2 September 2005	3.75	3.85	4.03
5 September 2005	ND	ND	ND
6 September 2005	3.80	3.89	4.09
7 September 2005	3.87	3.93	4.15
8 September 2005	3.87	3.94	4.15
9 September 2005	3.88	3.94	4.14
12 September 2005	3.92	3.98	4.18
13 September 2005	3.88	3.93	4.14
14 September 2005	3.90	3.96	4.17
15 September 2005	3.90	3.99	4.22
16 September 2005	3.97	4.05	4.26
19 September 2005	3.93	4.02	4.25
20 September 2005	4.00	4.06	4.26
21 September 2005	3.96	4.01	4.19
22 September 2005	3.95	3.99	4.19
23 September 2005	4.02	4.07	4.25
26 September 2005	4.07	4.11	4.30
27 September 2005	4.08	4.13	4.30
28 September 2005	4.09	4.11	4.26
29 September 2005	4.13	4.14	4.29
30 September 2005	4.18	4.18	4.34
3 October 2005	4.21	4.25	4.39
4 October 2005	4.22	4.24	4.38
5 October 2005	4.21	4.23	4.36
6 October 2005	4.20	4.23	4.37
7 October 2005	4.18	4.23	4.35
10 October 2005	ND	ND	ND
11 October 2005	4.22	4.27	4.39
12 October 2005	4.24	4.32	4.45
13 October 2005	4.24	4.32	4.48
14 October 2005	4.27	4.34	4.48
17 October 2005	4.29	4.36	4.50
18 October 2005	4.27	4.34	4.49
19 October 2005	4.25	4.32	4.47
20 October 2005	4.27	4.33	4.46
21 October 2005	4.22	4.26	4.39
24 October 2005	4.25	4.32	4.45
25 October 2005	4.34	4.41	4.54
26 October 2005	4.38	4.46	4.60
27 October 2005	4.36	4.43	4.57
28 October 2005	4.40	4.46	4.58
31 October 2005	4.40	4.45	4.57
1 November 2005	4.42	4.47	4.58
2 November 2005	4.43	4.50	4.61
3 November 2005	4.47	4.55	4.65
4 November 2005	4.47	4.56	4.66
7 November 2005	4.47	4.55	4.65
8 November 2005	4.43	4.49	4.57
9 November 2005	4.49	4.55	4.64
10 November 2005	4.44	4.49	4.55
11 November 2005	ND	ND	ND
14 November 2005	4.50	4.54	4.61
15 November 2005	4.47	4.51	4.56
16 November 2005	4.42	4.43	4.49
17 November 2005	4.37	4.39	4.46
18 November 2005	4.40	4.43	4.50
21 November 2005	4.39	4.39	4.46
22 November 2005	4.32	4.34	4.43
23 November 2005	4.36	4.38	4.47
24 November 2005	ND	ND	ND
25 November 2005	4.33	4.34	4.43
28 November 2005	4.33	4.32	4.41
29 November 2005	4.40	4.40	4.48
30 November 2005	4.42	4.42	4.49
1 December 2005	4.45	4.45	4.52
2 December 2005	4.43	4.45	4.52
5 December 2005	4.47	4.50	4.57
6 December 2005	4.42	4.42	4.49
7 December 2005	4.42	4.43	4.52
8 December 2005	4.37	4.36	4.47
9 December 2005	4.43	4.44	4.54
12 December 2005	4.45	4.46	4.56
13 December 2005	4.43	4.44	4.54
14 December 2005	4.37	4.36	4.45
15 December 2005	4.37	4.38	4.47
16 December 2005	4.37	4.36	4.45
19 December 2005	4.38	4.37	4.45
20 December 2005	4.42	4.40	4.47
21 December 2005	4.43	4.42	4.49
22 December 2005	4.40	4.38	4.44
23 December 2005	4.37	4.32	4.38
26 December 2005	ND	ND	ND
27 December 2005	4.35	4.30	4.34
28 December 2005	4.37	4.32	4.38
29 December 2005	4.38	4.33	4.37
30 December 2005	4.41	4.35	4.39
2 January 2006	ND	ND	ND
3 January 2006	4.34	4.30	4.37
4 January 2006	4.31	4.28	4.36
5 January 2006	4.32	4.29	4.36
6 January 2006	4.36	4.32	4.38
9 January 2006	4.36	4.32	4.38
10 January 2006	4.41	4.36	4.43
11 January 2006	4.44	4.39	4.46
12 January 2006	4.39	4.35	4.42
13 January 2006	4.34	4.28	4.36
16 January 2006	ND	ND	ND
17 January 2006	4.33	4.27	4.34
18 January 2006	4.33	4.28	4.34
19 January 2006	4.37	4.31	4.38
20 January 2006	4.37	4.31	4.37
23 January 2006	4.35	4.30	4.36
24 January 2006	4.37	4.32	4.40
25 January 2006	4.46	4.41	4.49
26 January 2006	4.49	4.44	4.53
27 January 2006	4.51	4.45	4.52
30 January 2006	4.52	4.46	4.54
31 January 2006	4.54	4.47	4.53
1 February 2006	4.59	4.51	4.57
2 February 2006	4.59	4.51	4.57
3 February 2006	4.59	4.50	4.54
6 February 2006	4.62	4.51	4.55
7 February 2006	4.61	4.52	4.57
8 February 2006	4.64	4.55	4.56
9 February 2006	4.66	4.55	4.54
10 February 2006	4.69	4.59	4.59
13 February 2006	4.68	4.58	4.58
14 February 2006	4.69	4.61	4.62
15 February 2006	4.71	4.60	4.61
16 February 2006	4.69	4.59	4.59
17 February 2006	4.66	4.55	4.54
20 February 2006	ND	ND	ND
21 February 2006	4.71	4.59	4.57
22 February 2006	4.68	4.57	4.53
23 February 2006	4.72	4.63	4.56
24 February 2006	4.74	4.64	4.58
27 February 2006	4.74	4.66	4.59
28 February 2006	4.69	4.61	4.55
1 March 2006	4.71	4.63	4.59
2 March 2006	4.72	4.68	4.64
3 March 2006	4.76	4.71	4.68
6 March 2006	4.77	4.76	4.74
7 March 2006	4.77	4.76	4.74
8 March 2006	4.72	4.75	4.73
9 March 2006	4.72	4.75	4.74
10 March 2006	4.74	4.77	4.76
13 March 2006	4.74	4.78	4.77
14 March 2006	4.66	4.68	4.71
15 March 2006	4.69	4.69	4.73
16 March 2006	4.62	4.60	4.65
17 March 2006	4.65	4.62	4.68
20 March 2006	4.65	4.61	4.66
21 March 2006	4.72	4.68	4.71
22 March 2006	4.74	4.69	4.70
23 March 2006	4.77	4.73	4.73
24 March 2006	4.72	4.66	4.67
27 March 2006	4.72	4.69	4.70
28 March 2006	4.81	4.79	4.79
29 March 2006	4.82	4.79	4.81
30 March 2006	4.84	4.83	4.86
31 March 2006	4.82	4.82	4.86
3 April 2006	4.86	4.85	4.88
4 April 2006	4.84	4.82	4.87
5 April 2006	4.81	4.79	4.84
6 April 2006	4.84	4.84	4.90
7 April 2006	4.89	4.89	4.97
10 April 2006	4.89	4.89	4.97
11 April 2006	4.88	4.86	4.93
12 April 2006	4.91	4.91	4.98
13 April 2006	4.96	4.97	5.05
14 April 2006	ND	ND	ND
17 April 2006	4.91	4.93	5.01
18 April 2006	4.84	4.87	4.99
19 April 2006	4.86	4.91	5.04
20 April 2006	4.89	4.92	5.04
21 April 2006	4.90	4.92	5.01
24 April 2006	4.89	4.90	4.99
25 April 2006	4.95	4.98	5.07
26 April 2006	4.99	5.02	5.12
27 April 2006	4.91	4.95	5.09
28 April 2006	4.87	4.92	5.07
1 May 2006	4.94	4.99	5.14
2 May 2006	4.92	4.98	5.12
3 May 2006	4.94	5.01	5.15
4 May 2006	4.97	5.03	5.16
5 May 2006	4.94	4.99	5.12
8 May 2006	4.97	5.01	5.12
9 May 2006	4.97	5.01	5.13
10 May 2006	5.01	5.03	5.13
11 May 2006	4.99	5.04	5.14
12 May 2006	5.01	5.08	5.19
15 May 2006	4.99	5.04	5.15
16 May 2006	4.96	4.99	5.10
17 May 2006	4.97	5.03	5.16
18 May 2006	4.94	4.96	5.08
19 May 2006	4.96	4.96	5.05
22 May 2006	4.94	4.94	5.04
23 May 2006	4.97	4.98	5.07
24 May 2006	4.94	4.93	5.03
25 May 2006	4.98	4.97	5.07
26 May 2006	4.96	4.95	5.06
29 May 2006	ND	ND	ND
30 May 2006	4.99	4.99	5.09
31 May 2006	5.04	5.04	5.12
1 June 2006	5.04	5.03	5.11
2 June 2006	4.92	4.90	5.00
5 June 2006	4.99	4.95	5.02
6 June 2006	4.99	4.95	5.01
7 June 2006	5.02	4.97	5.02
8 June 2006	5.01	4.95	5.00
9 June 2006	5.01	4.95	4.98
12 June 2006	5.02	4.95	4.99
13 June 2006	5.02	4.93	4.97
14 June 2006	5.11	5.03	5.05
15 June 2006	5.14	5.08	5.10
16 June 2006	5.16	5.10	5.13
19 June 2006	5.19	5.12	5.14
20 June 2006	5.19	5.13	5.15
21 June 2006	5.20	5.14	5.16
22 June 2006	5.23	5.18	5.20
23 June 2006	5.27	5.21	5.23
26 June 2006	5.27	5.22	5.25
27 June 2006	5.24	5.19	5.21
28 June 2006	5.29	5.23	5.25
29 June 2006	5.21	5.17	5.22
30 June 2006	5.16	5.10	5.15
3 July 2006	5.17	5.11	5.15
4 July 2006	ND	ND	ND
5 July 2006	5.24	5.19	5.23
6 July 2006	5.22	5.15	5.19
7 July 2006	5.17	5.10	5.14
10 July 2006	5.17	5.10	5.13
11 July 2006	5.17	5.07	5.10
12 July 2006	5.17	5.08	5.10
13 July 2006	5.12	5.04	5.08
14 July 2006	5.08	5.02	5.07
17 July 2006	5.12	5.04	5.07
18 July 2006	5.19	5.10	5.13
19 July 2006	5.12	5.02	5.06
20 July 2006	5.06	4.98	5.03
21 July 2006	5.08	4.99	5.05
24 July 2006	5.10	4.99	5.05
25 July 2006	5.11	5.02	5.07
26 July 2006	5.06	4.99	5.04
27 July 2006	5.07	4.98	5.07
28 July 2006	4.98	4.92	5.00
31 July 2006	4.97	4.91	4.99
1 August 2006	4.97	4.90	4.99
2 August 2006	4.97	4.88	4.96
3 August 2006	4.98	4.90	4.96
4 August 2006	4.91	4.84	4.91
7 August 2006	4.96	4.86	4.93
8 August 2006	4.91	4.85	4.93
9 August 2006	4.91	4.86	4.92
10 August 2006	4.93	4.86	4.93
11 August 2006	4.96	4.91	4.97
14 August 2006	5.01	4.95	5.00
15 August 2006	4.94	4.88	4.93
16 August 2006	4.87	4.81	4.87
17 August 2006	4.89	4.82	4.87
18 August 2006	4.87	4.78	4.84
21 August 2006	4.85	4.77	4.82
22 August 2006	4.87	4.77	4.82
23 August 2006	4.87	4.77	4.82
24 August 2006	4.88	4.78	4.81
25 August 2006	4.86	4.76	4.79
28 August 2006	4.88	4.77	4.80
29 August 2006	4.87	4.77	4.79
30 August 2006	4.83	4.72	4.76
31 August 2006	4.79	4.70	4.74
1 September 2006	4.77	4.68	4.73
4 September 2006	ND	ND	ND
5 September 2006	4.80	4.73	4.78
6 September 2006	4.82	4.75	4.80
7 September 2006	4.82	4.74	4.80
8 September 2006	4.80	4.71	4.78
11 September 2006	4.83	4.74	4.80
12 September 2006	4.82	4.71	4.78
13 September 2006	4.80	4.70	4.77
14 September 2006	4.83	4.74	4.79
15 September 2006	4.87	4.76	4.80
18 September 2006	4.88	4.77	4.81
19 September 2006	4.79	4.69	4.74
20 September 2006	4.81	4.70	4.73
21 September 2006	4.71	4.60	4.65
22 September 2006	4.67	4.55	4.60
25 September 2006	4.63	4.51	4.56
26 September 2006	4.68	4.55	4.59
27 September 2006	4.66	4.56	4.60
28 September 2006	4.68	4.57	4.63
29 September 2006	4.71	4.59	4.64
2 October 2006	4.66	4.56	4.62
3 October 2006	4.67	4.56	4.62
4 October 2006	4.60	4.50	4.57
5 October 2006	4.65	4.55	4.61
6 October 2006	4.74	4.64	4.70
9 October 2006	ND	ND	ND
10 October 2006	4.82	4.71	4.75
11 October 2006	4.85	4.75	4.78
12 October 2006	4.85	4.74	4.79
13 October 2006	4.87	4.77	4.81
16 October 2006	4.85	4.76	4.79
17 October 2006	4.83	4.73	4.78
18 October 2006	4.85	4.74	4.77
19 October 2006	4.85	4.75	4.79
20 October 2006	4.87	4.76	4.79
23 October 2006	4.90	4.80	4.83
24 October 2006	4.91	4.81	4.83
25 October 2006	4.88	4.75	4.78
26 October 2006	4.81	4.69	4.73
27 October 2006	4.76	4.64	4.68
30 October 2006	4.78	4.64	4.68
31 October 2006	4.71	4.57	4.61
1 November 2006	4.66	4.52	4.57
2 November 2006	4.67	4.55	4.60
3 November 2006	4.82	4.70	4.72
6 November 2006	4.82	4.69	4.71
7 November 2006	4.77	4.63	4.66
8 November 2006	4.75	4.61	4.64
9 November 2006	4.75	4.60	4.62
10 November 2006	4.73	4.57	4.59
13 November 2006	4.76	4.60	4.61
14 November 2006	4.74	4.57	4.57
15 November 2006	4.80	4.62	4.61
16 November 2006	4.85	4.67	4.66
17 November 2006	4.76	4.60	4.61
20 November 2006	4.76	4.60	4.60
21 November 2006	4.75	4.58	4.58
22 November 2006	4.74	4.57	4.57
23 November 2006	ND	ND	ND
24 November 2006	4.73	4.55	4.55
27 November 2006	4.71	4.54	4.54
28 November 2006	4.67	4.50	4.51
29 November 2006	4.69	4.51	4.52
30 November 2006	4.62	4.45	4.46
1 December 2006	4.52	4.39	4.43
4 December 2006	4.52	4.39	4.43
5 December 2006	4.52	4.39	4.45
6 December 2006	4.59	4.44	4.48
7 December 2006	4.58	4.45	4.49
8 December 2006	4.68	4.53	4.56
11 December 2006	4.67	4.50	4.52
12 December 2006	4.61	4.45	4.49
13 December 2006	4.70	4.54	4.58
14 December 2006	4.73	4.58	4.60
15 December 2006	4.73	4.57	4.60
18 December 2006	4.71	4.57	4.60
19 December 2006	4.71	4.57	4.60
20 December 2006	4.71	4.57	4.60
21 December 2006	4.66	4.52	4.55
22 December 2006	4.71	4.59	4.63
25 December 2006	ND	ND	ND
26 December 2006	4.71	4.58	4.61
27 December 2006	4.77	4.64	4.66
28 December 2006	4.82	4.69	4.70
29 December 2006	4.82	4.70	4.71
1 January 2007	ND	ND	ND
2 January 2007	4.80	4.68	4.68
3 January 2007	4.76	4.66	4.67
4 January 2007	4.71	4.61	4.62
5 January 2007	4.76	4.65	4.65
8 January 2007	4.78	4.66	4.66
9 January 2007	4.79	4.65	4.66
10 January 2007	4.81	4.68	4.69
11 January 2007	4.86	4.73	4.74
12 January 2007	4.88	4.76	4.77
15 January 2007	ND	ND	ND
16 January 2007	4.86	4.74	4.75
17 January 2007	4.91	4.78	4.79
18 January 2007	4.89	4.75	4.75
19 January 2007	4.93	4.78	4.78
22 January 2007	4.91	4.77	4.76
23 January 2007	4.94	4.81	4.81
24 January 2007	4.93	4.81	4.81
25 January 2007	4.98	4.85	4.87
26 January 2007	4.99	4.87	4.88
29 January 2007	4.99	4.89	4.90
30 January 2007	4.98	4.86	4.88
31 January 2007	4.94	4.82	4.83
1 February 2007	4.96	4.84	4.84
2 February 2007	4.94	4.82	4.83
5 February 2007	4.92	4.80	4.81
6 February 2007	4.90	4.76	4.77
7 February 2007	4.87	4.74	4.74
8 February 2007	4.87	4.73	4.73
9 February 2007	4.92	4.78	4.79
12 February 2007	4.94	4.80	4.80
13 February 2007	4.95	4.81	4.82
14 February 2007	4.87	4.72	4.74
15 February 2007	4.83	4.68	4.70
16 February 2007	4.83	4.68	4.69
19 February 2007	ND	ND	ND
20 February 2007	4.81	4.67	4.68
21 February 2007	4.82	4.68	4.69
22 February 2007	4.87	4.72	4.73
23 February 2007	4.82	4.67	4.68
26 February 2007	4.77	4.62	4.63
27 February 2007	4.59	4.46	4.50
28 February 2007	4.65	4.52	4.56
1 March 2007	4.63	4.50	4.56
2 March 2007	4.56	4.46	4.52
5 March 2007	4.53	4.45	4.51
6 March 2007	4.58	4.48	4.53
7 March 2007	4.54	4.45	4.50
8 March 2007	4.56	4.45	4.51
9 March 2007	4.66	4.55	4.59
12 March 2007	4.62	4.50	4.56
13 March 2007	4.52	4.41	4.50
14 March 2007	4.54	4.44	4.53
15 March 2007	4.57	4.46	4.54
16 March 2007	4.58	4.47	4.55
19 March 2007	4.61	4.50	4.58
20 March 2007	4.60	4.47	4.56
21 March 2007	4.51	4.43	4.53
22 March 2007	4.58	4.49	4.60
23 March 2007	4.60	4.52	4.62
26 March 2007	4.56	4.48	4.60
27 March 2007	4.58	4.50	4.62
28 March 2007	4.53	4.50	4.62
29 March 2007	4.58	4.53	4.64
30 March 2007	4.58	4.54	4.65
2 April 2007	4.60	4.54	4.65
3 April 2007	4.63	4.56	4.67
4 April 2007	4.61	4.55	4.66
5 April 2007	4.63	4.57	4.68
6 April 2007	4.75	4.67	4.76
9 April 2007	4.73	4.66	4.75
10 April 2007	4.71	4.63	4.73
11 April 2007	4.73	4.66	4.74
12 April 2007	4.73	4.66	4.74
13 April 2007	4.76	4.68	4.76
16 April 2007	4.74	4.67	4.74
17 April 2007	4.68	4.61	4.69
18 April 2007	4.64	4.56	4.66
19 April 2007	4.64	4.57	4.68
20 April 2007	4.64	4.57	4.68
23 April 2007	4.62	4.55	4.66
24 April 2007	4.58	4.51	4.63
25 April 2007	4.63	4.55	4.66
26 April 2007	4.67	4.59	4.69
27 April 2007	4.67	4.59	4.71
30 April 2007	4.60	4.51	4.63
1 May 2007	4.63	4.54	4.64
2 May 2007	4.65	4.55	4.65
3 May 2007	4.71	4.59	4.68
4 May 2007	4.68	4.55	4.65
7 May 2007	4.68	4.55	4.64
8 May 2007	4.68	4.54	4.63
9 May 2007	4.73	4.58	4.67
10 May 2007	4.70	4.56	4.65
11 May 2007	4.71	4.58	4.67
14 May 2007	4.73	4.61	4.69
15 May 2007	4.75	4.63	4.71
16 May 2007	4.73	4.62	4.71
17 May 2007	4.78	4.68	4.76
18 May 2007	4.82	4.74	4.81
21 May 2007	4.81	4.71	4.79
22 May 2007	4.83	4.76	4.83
23 May 2007	4.85	4.79	4.86
24 May 2007	4.85	4.79	4.86
25 May 2007	4.85	4.80	4.86
28 May 2007	ND	ND	ND
29 May 2007	4.88	4.82	4.88
30 May 2007	4.89	4.83	4.88
31 May 2007	4.92	4.86	4.90
1 June 2007	4.97	4.92	4.95
4 June 2007	4.97	4.91	4.93
5 June 2007	4.99	4.96	4.98
6 June 2007	4.97	4.94	4.97
7 June 2007	5.03	5.05	5.11
8 June 2007	5.01	5.06	5.12
11 June 2007	5.01	5.07	5.14
12 June 2007	5.08	5.18	5.26
13 June 2007	5.08	5.13	5.20
14 June 2007	5.10	5.16	5.23
15 June 2007	5.05	5.10	5.16
18 June 2007	5.01	5.07	5.15
19 June 2007	4.94	5.00	5.09
20 June 2007	4.97	5.05	5.14
21 June 2007	4.98	5.06	5.16
22 June 2007	4.92	5.02	5.14
25 June 2007	4.87	4.97	5.09
26 June 2007	4.90	4.99	5.10
27 June 2007	4.91	4.97	5.09
28 June 2007	4.96	5.02	5.12
29 June 2007	4.87	4.92	5.03
2 July 2007	4.86	4.90	5.00
3 July 2007	4.89	4.95	5.05
4 July 2007	ND	ND	ND
5 July 2007	4.99	5.05	5.16
6 July 2007	4.99	5.10	5.19
9 July 2007	4.97	5.07	5.16
10 July 2007	4.85	4.93	5.03
11 July 2007	4.89	4.98	5.09
12 July 2007	4.94	5.03	5.13
13 July 2007	4.94	5.01	5.11
16 July 2007	4.89	4.95	5.05
17 July 2007	4.91	4.98	5.08
18 July 2007	4.84	4.91	5.02
19 July 2007	4.87	4.94	5.04
20 July 2007	4.79	4.85	4.96
23 July 2007	4.80	4.86	4.97
24 July 2007	4.77	4.82	4.94
25 July 2007	4.74	4.80	4.92
26 July 2007	4.56	4.61	4.79
27 July 2007	4.56	4.60	4.80
30 July 2007	4.59	4.64	4.82
31 July 2007	4.56	4.60	4.78
1 August 2007	4.56	4.60	4.76
2 August 2007	4.59	4.62	4.77
3 August 2007	4.46	4.52	4.71
6 August 2007	4.46	4.52	4.72
7 August 2007	4.56	4.60	4.77
8 August 2007	4.64	4.69	4.84
9 August 2007	4.49	4.58	4.79
10 August 2007	4.47	4.59	4.81
13 August 2007	4.46	4.57	4.78
14 August 2007	4.39	4.51	4.73
15 August 2007	4.27	4.41	4.69
16 August 2007	4.08	4.26	4.60
17 August 2007	4.18	4.35	4.68
20 August 2007	4.11	4.32	4.64
21 August 2007	4.05	4.27	4.60
22 August 2007	4.15	4.34	4.63
23 August 2007	4.20	4.36	4.62
24 August 2007	4.30	4.42	4.63
27 August 2007	4.28	4.39	4.60
28 August 2007	4.13	4.25	4.53
29 August 2007	4.14	4.31	4.57
30 August 2007	4.08	4.21	4.51
31 August 2007	4.15	4.25	4.54
3 September 2007	ND	ND	ND
4 September 2007	4.13	4.26	4.56
5 September 2007	4.03	4.16	4.48
6 September 2007	4.08	4.20	4.51
7 September 2007	3.90	4.03	4.38
10 September 2007	3.87	4.00	4.34
11 September 2007	3.95	4.07	4.37
12 September 2007	3.95	4.11	4.41
13 September 2007	4.08	4.22	4.49
14 September 2007	4.05	4.18	4.47
17 September 2007	4.08	4.21	4.48
18 September 2007	4.00	4.19	4.50
19 September 2007	4.00	4.20	4.53
20 September 2007	4.10	4.35	4.69
21 September 2007	4.06	4.31	4.64
24 September 2007	4.05	4.31	4.63
25 September 2007	4.00	4.26	4.63
26 September 2007	3.97	4.27	4.63
27 September 2007	3.95	4.22	4.58
28 September 2007	3.97	4.23	4.59
1 October 2007	4.02	4.24	4.56
2 October 2007	3.98	4.20	4.54
3 October 2007	4.02	4.24	4.55
4 October 2007	4.00	4.22	4.54
5 October 2007	4.08	4.33	4.65
8 October 2007	ND	ND	ND
9 October 2007	4.15	4.38	4.67
10 October 2007	4.15	4.37	4.65
11 October 2007	4.13	4.36	4.66
12 October 2007	4.23	4.42	4.70
15 October 2007	4.22	4.40	4.69
16 October 2007	4.12	4.34	4.66
17 October 2007	4.00	4.22	4.57
18 October 2007	3.93	4.17	4.52
19 October 2007	3.80	4.03	4.41
22 October 2007	3.85	4.08	4.42
23 October 2007	3.81	4.06	4.41
24 October 2007	3.74	3.99	4.36
25 October 2007	3.74	4.01	4.37
26 October 2007	3.77	4.04	4.41
29 October 2007	3.79	4.04	4.39
30 October 2007	3.82	4.06	4.40
31 October 2007	3.94	4.16	4.48
1 November 2007	3.77	4.02	4.36
2 November 2007	3.66	3.93	4.31
5 November 2007	3.69	3.96	4.35
6 November 2007	3.70	3.99	4.38
7 November 2007	3.61	3.92	4.34
8 November 2007	3.47	3.81	4.28
9 November 2007	3.42	3.77	4.23
12 November 2007	ND	ND	ND
13 November 2007	3.54	3.84	4.26
14 November 2007	3.57	3.86	4.28
15 November 2007	3.35	3.71	4.17
16 November 2007	3.33	3.68	4.15
19 November 2007	3.18	3.57	4.07
20 November 2007	3.14	3.52	4.06
21 November 2007	2.99	3.40	4.00
22 November 2007	ND	ND	ND
23 November 2007	3.07	3.42	4.01
26 November 2007	2.92	3.23	3.83
27 November 2007	3.05	3.38	3.95
28 November 2007	3.17	3.50	4.03
29 November 2007	3.06	3.42	3.94
30 November 2007	3.04	3.41	3.97
3 December 2007	2.90	3.28	3.89
4 December 2007	2.90	3.28	3.89
5 December 2007	2.90	3.28	3.92
6 December 2007	3.03	3.39	4.02
7 December 2007	3.12	3.51	4.12
10 December 2007	3.17	3.54	4.15
11 December 2007	2.94	3.32	3.98
12 December 2007	3.07	3.41	4.05
13 December 2007	3.21	3.54	4.18
14 December 2007	3.31	3.63	4.24
17 December 2007	3.24	3.57	4.20
18 December 2007	3.19	3.53	4.14
19 December 2007	3.12	3.46	4.06
20 December 2007	3.09	3.45	4.04
21 December 2007	3.19	3.58	4.18
24 December 2007	3.24	3.65	4.23
25 December 2007	ND	ND	ND
26 December 2007	3.31	3.72	4.30
27 December 2007	3.24	3.64	4.21
28 December 2007	3.12	3.52	4.11
31 December 2007	3.05	3.45	4.04
1 January 2008	ND	ND	ND
2 January 2008	2.88	3.28	3.91
3 January 2008	2.83	3.26	3.91
4 January 2008	2.74	3.18	3.88
7 January 2008	2.76	3.16	3.86
8 January 2008	2.76	3.16	3.86
9 January 2008	2.69	3.10	3.82
10 January 2008	2.71	3.16	3.91
11 January 2008	2.59	3.06	3.82
14 January 2008	2.58	3.08	3.81
15 January 2008	2.53	3.00	3.72
16 January 2008	2.51	3.00	3.74
17 January 2008	2.44	2.90	3.66
18 January 2008	2.36	2.86	3.66
21 January 2008	ND	ND	ND
22 January 2008	2.08	2.64	3.52
23 January 2008	2.09	2.64	3.51
24 January 2008	2.25	2.85	3.68
25 January 2008	2.23	2.81	3.61
28 January 2008	2.20	2.80	3.61
29 January 2008	2.29	2.87	3.69
30 January 2008	2.30	2.96	3.78
31 January 2008	2.17	2.82	3.67
1 February 2008	2.09	2.75	3.62
4 February 2008	2.08	2.78	3.68
5 February 2008	1.93	2.66	3.61
6 February 2008	1.96	2.67	3.61
7 February 2008	1.99	2.79	3.74
8 February 2008	1.93	2.69	3.64
11 February 2008	1.93	2.67	3.62
12 February 2008	1.94	2.71	3.66
13 February 2008	1.91	2.71	3.70
14 February 2008	1.93	2.81	3.85
15 February 2008	1.91	2.76	3.76
18 February 2008	ND	ND	ND
19 February 2008	2.06	2.93	3.89
20 February 2008	2.14	3.02	3.93
21 February 2008	1.98	2.80	3.77
22 February 2008	1.98	2.81	3.79
25 February 2008	2.13	2.98	3.91
26 February 2008	2.04	2.92	3.88
27 February 2008	2.01	2.89	3.85
28 February 2008	1.87	2.73	3.71
29 February 2008	1.65	2.50	3.53
3 March 2008	1.61	2.48	3.54
4 March 2008	1.65	2.53	3.63
5 March 2008	1.66	2.59	3.70
6 March 2008	1.53	2.50	3.62
7 March 2008	1.53	2.45	3.56
10 March 2008	1.47	2.37	3.46
11 March 2008	1.74	2.61	3.60
12 March 2008	1.63	2.49	3.49
13 March 2008	1.63	2.53	3.56
14 March 2008	1.47	2.37	3.44
17 March 2008	1.35	2.23	3.34
18 March 2008	1.58	2.42	3.48
19 March 2008	1.54	2.36	3.38
20 March 2008	1.59	2.36	3.34
21 March 2008	ND	ND	ND
24 March 2008	1.84	2.64	3.56
25 March 2008	1.79	2.61	3.51
26 March 2008	1.71	2.55	3.51
27 March 2008	1.73	2.61	3.56
28 March 2008	1.67	2.51	3.47
31 March 2008	1.62	2.46	3.45
1 April 2008	1.80	2.65	3.57
2 April 2008	1.88	2.72	3.60
3 April 2008	1.91	2.75	3.61
4 April 2008	1.83	2.63	3.50
7 April 2008	1.95	2.75	3.57
8 April 2008	1.87	2.72	3.58
9 April 2008	1.77	2.59	3.49
10 April 2008	1.84	2.66	3.55
11 April 2008	1.76	2.57	3.49
14 April 2008	1.78	2.60	3.53
15 April 2008	1.84	2.68	3.60
16 April 2008	1.98	2.82	3.72
17 April 2008	2.13	2.90	3.75
18 April 2008	2.19	2.95	3.77
21 April 2008	2.20	2.95	3.75
22 April 2008	2.24	2.96	3.74
23 April 2008	2.22	2.98	3.77
24 April 2008	2.41	3.15	3.87
25 April 2008	2.44	3.20	3.91
28 April 2008	2.36	3.14	3.86
29 April 2008	2.35	3.11	3.85
30 April 2008	2.29	3.03	3.77
1 May 2008	2.37	3.06	3.78
2 May 2008	2.47	3.18	3.89
5 May 2008	2.42	3.14	3.88
6 May 2008	2.38	3.15	3.93
7 May 2008	2.31	3.09	3.87
8 May 2008	2.25	2.99	3.79
9 May 2008	2.25	2.98	3.77
12 May 2008	2.30	3.00	3.78
13 May 2008	2.47	3.17	3.90
14 May 2008	2.53	3.22	3.92
15 May 2008	2.45	3.10	3.83
16 May 2008	2.47	3.12	3.85
19 May 2008	2.42	3.09	3.83
20 May 2008	2.34	3.02	3.78
21 May 2008	2.41	3.09	3.81
22 May 2008	2.56	3.24	3.92
23 May 2008	2.46	3.15	3.85
26 May 2008	ND	ND	ND
27 May 2008	2.55	3.25	3.93
28 May 2008	2.62	3.36	4.03
29 May 2008	2.67	3.41	4.08
30 May 2008	2.66	3.41	4.06
2 June 2008	2.51	3.28	3.98
3 June 2008	2.45	3.21	3.92
4 June 2008	2.47	3.26	3.98
5 June 2008	2.52	3.34	4.06
6 June 2008	2.40	3.20	3.94
9 June 2008	2.73	3.41	4.02
10 June 2008	2.91	3.54	4.11
11 June 2008	2.83	3.49	4.10
12 June 2008	3.03	3.68	4.23
13 June 2008	3.05	3.73	4.27
16 June 2008	3.02	3.73	4.25
17 June 2008	2.94	3.66	4.23
18 June 2008	2.89	3.57	4.16
19 June 2008	2.99	3.67	4.22
20 June 2008	2.88	3.57	4.16
23 June 2008	2.98	3.65	4.19
24 June 2008	2.87	3.52	4.10
25 June 2008	2.82	3.54	4.12
26 June 2008	2.68	3.44	4.07
27 June 2008	2.65	3.36	3.99
30 June 2008	2.63	3.34	3.99
1 July 2008	2.63	3.33	4.01
2 July 2008	2.60	3.31	3.99
3 July 2008	2.54	3.28	3.99
4 July 2008	ND	ND	ND
7 July 2008	2.47	3.23	3.95
8 July 2008	2.47	3.19	3.91
9 July 2008	2.41	3.11	3.85
10 July 2008	2.44	3.10	3.83
11 July 2008	2.59	3.27	3.96
14 July 2008	2.47	3.20	3.90
15 July 2008	2.39	3.12	3.87
16 July 2008	2.44	3.20	3.97
17 July 2008	2.58	3.35	4.07
18 July 2008	2.66	3.42	4.11
21 July 2008	2.66	3.41	4.09
22 July 2008	2.74	3.48	4.14
23 July 2008	2.81	3.51	4.16
24 July 2008	2.61	3.37	4.03
25 July 2008	2.70	3.45	4.13
28 July 2008	2.59	3.34	4.06
29 July 2008	2.65	3.39	4.09
30 July 2008	2.64	3.36	4.07
31 July 2008	2.52	3.25	3.99
1 August 2008	2.51	3.23	3.97
4 August 2008	2.53	3.23	3.98
5 August 2008	2.54	3.28	4.04
6 August 2008	2.56	3.30	4.06
7 August 2008	2.43	3.16	3.92
8 August 2008	2.51	3.21	3.94
11 August 2008	2.56	3.27	3.99
12 August 2008	2.45	3.16	3.91
13 August 2008	2.50	3.21	3.94
14 August 2008	2.45	3.15	3.89
15 August 2008	2.40	3.11	3.84
18 August 2008	2.35	3.07	3.82
19 August 2008	2.32	3.07	3.83
20 August 2008	2.25	3.00	3.79
21 August 2008	2.33	3.08	3.84
22 August 2008	2.42	3.14	3.87
25 August 2008	2.33	3.04	3.79
26 August 2008	2.35	3.06	3.79
27 August 2008	2.31	3.02	3.77
28 August 2008	2.37	3.09	3.79
29 August 2008	2.36	3.10	3.83
1 September 2008	ND	ND	ND
2 September 2008	2.26	3.00	3.74
3 September 2008	2.26	2.95	3.71
4 September 2008	2.20	2.87	3.64
5 September 2008	2.23	2.91	3.66
8 September 2008	2.30	2.96	3.66
9 September 2008	2.23	2.90	3.62
10 September 2008	2.22	2.91	3.65
11 September 2008	2.18	2.87	3.64
12 September 2008	2.23	2.97	3.74
15 September 2008	1.78	2.59	3.47
16 September 2008	1.89	2.64	3.48
17 September 2008	1.64	2.52	3.41
18 September 2008	1.78	2.67	3.54
19 September 2008	2.16	3.01	3.78
22 September 2008	2.13	3.04	3.83
23 September 2008	2.11	3.03	3.85
24 September 2008	2.03	2.91	3.80
25 September 2008	2.16	3.09	3.88
26 September 2008	2.11	3.05	3.85
29 September 2008	1.70	2.70	3.61
30 September 2008	2.00	2.98	3.85
1 October 2008	1.82	2.87	3.77
2 October 2008	1.62	2.68	3.66
3 October 2008	1.60	2.64	3.63
6 October 2008	1.43	2.45	3.48
7 October 2008	1.47	2.45	3.50
8 October 2008	1.65	2.70	3.72
9 October 2008	1.65	2.79	3.84
10 October 2008	1.62	2.77	3.89
13 October 2008	ND	ND	ND
14 October 2008	1.82	3.01	4.08
15 October 2008	1.64	2.90	4.04
16 October 2008	1.61	2.84	3.99
17 October 2008	1.64	2.83	3.98
20 October 2008	1.71	2.82	3.91
21 October 2008	1.58	2.63	3.76
22 October 2008	1.53	2.56	3.65
23 October 2008	1.54	2.57	3.63
24 October 2008	1.57	2.64	3.76
27 October 2008	1.59	2.67	3.79
28 October 2008	1.65	2.75	3.89
29 October 2008	1.58	2.77	3.93
30 October 2008	1.59	2.84	4.00
31 October 2008	1.56	2.80	4.01
3 November 2008	1.45	2.71	3.96
4 November 2008	1.39	2.56	3.81
5 November 2008	1.36	2.50	3.73
6 November 2008	1.28	2.46	3.75
7 November 2008	1.33	2.56	3.83
10 November 2008	1.27	2.51	3.82
11 November 2008	ND	ND	ND
12 November 2008	1.19	2.37	3.75
13 November 2008	1.24	2.43	3.84
14 November 2008	1.22	2.33	3.72
17 November 2008	1.22	2.32	3.68
18 November 2008	1.15	2.22	3.53
19 November 2008	1.09	2.08	3.38
20 November 2008	1.00	1.94	3.10
21 November 2008	1.09	2.02	3.20
24 November 2008	1.31	2.24	3.35
25 November 2008	1.15	2.06	3.11
26 November 2008	1.09	2.01	2.99
27 November 2008	ND	ND	ND
28 November 2008	1.00	1.93	2.93
1 December 2008	0.90	1.71	2.72
2 December 2008	0.90	1.65	2.68
3 December 2008	0.87	1.60	2.67
4 December 2008	0.82	1.51	2.55
5 December 2008	0.93	1.67	2.67
8 December 2008	0.97	1.76	2.77
9 December 2008	0.84	1.61	2.67
10 December 2008	0.86	1.62	2.69
11 December 2008	0.79	1.55	2.64
12 December 2008	0.78	1.55	2.60
15 December 2008	0.75	1.50	2.53
16 December 2008	0.65	1.34	2.37
17 December 2008	0.73	1.35	2.20
18 December 2008	0.68	1.26	2.08
19 December 2008	0.74	1.35	2.13
22 December 2008	0.87	1.40	2.16
23 December 2008	0.90	1.53	2.18
24 December 2008	0.90	1.54	2.20
25 December 2008	ND	ND	ND
26 December 2008	0.89	1.51	2.16
29 December 2008	0.78	1.45	2.13
30 December 2008	0.75	1.47	2.11
31 December 2008	0.76	1.55	2.25
1 January 2009	ND	ND	ND
2 January 2009	0.88	1.72	2.46
5 January 2009	0.78	1.67	2.49
6 January 2009	0.80	1.68	2.51
7 January 2009	0.82	1.66	2.52
8 January 2009	0.83	1.60	2.47
9 January 2009	0.75	1.51	2.43
12 January 2009	0.74	1.45	2.34
13 January 2009	0.76	1.44	2.33
14 January 2009	0.73	1.36	2.24
15 January 2009	0.73	1.36	2.23
16 January 2009	0.73	1.47	2.36
19 January 2009	ND	ND	ND
20 January 2009	0.73	1.48	2.40
21 January 2009	0.78	1.60	2.56
22 January 2009	0.75	1.61	2.62
23 January 2009	0.83	1.64	2.65
26 January 2009	0.85	1.67	2.70
27 January 2009	0.87	1.59	2.59
28 January 2009	0.89	1.70	2.71
29 January 2009	0.95	1.87	2.87
30 January 2009	0.94	1.85	2.87
2 February 2009	0.89	1.75	2.76
3 February 2009	0.96	1.88	2.89
4 February 2009	0.98	1.91	2.95
5 February 2009	0.98	1.89	2.95
6 February 2009	0.99	1.97	3.05
9 February 2009	1.05	1.99	3.07
10 February 2009	0.92	1.79	2.90
11 February 2009	0.93	1.76	2.78
12 February 2009	0.89	1.73	2.75
13 February 2009	0.97	1.88	2.89
16 February 2009	ND	ND	ND
17 February 2009	0.87	1.65	2.64
18 February 2009	0.97	1.81	2.74
19 February 2009	1.01	1.89	2.85
20 February 2009	0.96	1.81	2.78
23 February 2009	0.96	1.84	2.78
24 February 2009	1.03	1.89	2.80
25 February 2009	1.09	2.06	2.95
26 February 2009	1.08	2.07	2.98
27 February 2009	1.00	1.99	3.02
2 March 2009	0.89	1.86	2.91
3 March 2009	0.91	1.87	2.93
4 March 2009	0.97	1.97	3.01
5 March 2009	0.90	1.82	2.83
6 March 2009	0.91	1.83	2.83
9 March 2009	0.96	1.90	2.89
10 March 2009	1.01	1.99	2.99
11 March 2009	1.03	1.96	2.95
12 March 2009	1.03	1.92	2.89
13 March 2009	0.98	1.87	2.89
16 March 2009	1.00	1.91	2.97
17 March 2009	1.05	2.00	3.02
18 March 2009	0.82	1.54	2.51
19 March 2009	0.87	1.64	2.61
20 March 2009	0.89	1.66	2.65
23 March 2009	0.93	1.69	2.68
24 March 2009	0.93	1.70	2.68
25 March 2009	0.96	1.84	2.81
26 March 2009	0.90	1.80	2.76
27 March 2009	0.90	1.79	2.78
30 March 2009	0.84	1.72	2.73
31 March 2009	0.81	1.67	2.71
1 April 2009	0.83	1.65	2.68
2 April 2009	0.88	1.74	2.77
3 April 2009	0.96	1.87	2.91
6 April 2009	0.94	1.90	2.95
7 April 2009	0.91	1.87	2.93
8 April 2009	0.93	1.83	2.86
9 April 2009	0.96	1.90	2.96
10 April 2009	ND	ND	ND
13 April 2009	0.89	1.81	2.88
14 April 2009	0.86	1.71	2.80
15 April 2009	0.86	1.71	2.82
16 April 2009	0.91	1.79	2.86
17 April 2009	0.99	1.91	2.98
20 April 2009	0.93	1.82	2.88
21 April 2009	0.96	1.87	2.94
22 April 2009	1.00	1.92	2.98
23 April 2009	0.97	1.89	2.96
24 April 2009	0.99	1.96	3.03
27 April 2009	0.90	1.87	2.95
28 April 2009	0.95	1.97	3.05
29 April 2009	0.94	2.01	3.12
30 April 2009	0.91	2.02	3.16
1 May 2009	0.92	2.03	3.21
4 May 2009	0.94	2.03	3.19
5 May 2009	0.98	2.05	3.20
6 May 2009	0.96	2.06	3.18
7 May 2009	1.00	2.15	3.29
8 May 2009	1.00	2.15	3.29
11 May 2009	0.92	2.04	3.17
12 May 2009	0.90	2.02	3.17
13 May 2009	0.89	1.98	3.11
14 May 2009	0.87	1.98	3.10
15 May 2009	0.88	2.01	3.14
18 May 2009	0.93	2.09	3.22
19 May 2009	0.91	2.12	3.25
20 May 2009	0.87	2.05	3.19
21 May 2009	0.89	2.16	3.35
22 May 2009	0.92	2.23	3.45
25 May 2009	ND	ND	ND
26 May 2009	0.96	2.30	3.50
27 May 2009	0.96	2.43	3.71
28 May 2009	0.97	2.46	3.67
29 May 2009	0.92	2.34	3.47
1 June 2009	0.97	2.55	3.71
2 June 2009	0.96	2.52	3.65
3 June 2009	0.91	2.43	3.56
4 June 2009	0.96	2.56	3.72
5 June 2009	1.32	2.85	3.84
8 June 2009	1.42	2.95	3.91
9 June 2009	1.33	2.86	3.86
10 June 2009	1.38	2.93	3.98
11 June 2009	1.35	2.87	3.88
12 June 2009	1.30	2.81	3.81
15 June 2009	1.26	2.75	3.76
16 June 2009	1.23	2.70	3.67
17 June 2009	1.19	2.69	3.68
18 June 2009	1.28	2.86	3.86
19 June 2009	1.25	2.82	3.79
22 June 2009	1.17	2.75	3.72
23 June 2009	1.14	2.71	3.65
24 June 2009	1.19	2.74	3.72
25 June 2009	1.12	2.58	3.55
26 June 2009	1.10	2.53	3.52
29 June 2009	1.11	2.53	3.51
30 June 2009	1.11	2.54	3.53
1 July 2009	1.05	2.51	3.55
2 July 2009	0.98	2.43	3.51
3 July 2009	ND	ND	ND
6 July 2009	0.96	2.40	3.52
7 July 2009	0.98	2.36	3.47
8 July 2009	0.91	2.23	3.33
9 July 2009	0.94	2.33	3.44
10 July 2009	0.91	2.22	3.32
13 July 2009	0.92	2.27	3.38
14 July 2009	0.97	2.37	3.50
15 July 2009	1.03	2.52	3.63
16 July 2009	1.00	2.46	3.59
17 July 2009	1.02	2.52	3.67
20 July 2009	0.99	2.46	3.61
21 July 2009	0.96	2.36	3.50
22 July 2009	0.98	2.43	3.58
23 July 2009	1.08	2.60	3.72
24 July 2009	1.05	2.57	3.70
27 July 2009	1.08	2.63	3.75
28 July 2009	1.12	2.63	3.72
29 July 2009	1.17	2.69	3.69
30 July 2009	1.19	2.66	3.67
31 July 2009	1.13	2.53	3.52
3 August 2009	1.18	2.66	3.66
4 August 2009	1.20	2.68	3.70
5 August 2009	1.23	2.73	3.80
6 August 2009	1.22	2.73	3.79
7 August 2009	1.32	2.84	3.89
10 August 2009	1.24	2.75	3.80
11 August 2009	1.21	2.69	3.71
12 August 2009	1.18	2.70	3.72
13 August 2009	1.12	2.58	3.59
14 August 2009	1.07	2.51	3.55
17 August 2009	1.04	2.43	3.48
18 August 2009	1.06	2.48	3.51
19 August 2009	1.01	2.43	3.45
20 August 2009	1.03	2.43	3.42
21 August 2009	1.13	2.58	3.56
24 August 2009	1.05	2.50	3.48
25 August 2009	1.05	2.48	3.45
26 August 2009	1.06	2.46	3.44
27 August 2009	1.04	2.48	3.47
28 August 2009	1.01	2.46	3.46
31 August 2009	0.97	2.39	3.40
1 September 2009	0.92	2.33	3.38
2 September 2009	0.89	2.26	3.29
3 September 2009	0.91	2.29	3.33
4 September 2009	0.94	2.36	3.45
7 September 2009	ND	ND	ND
8 September 2009	0.93	2.38	3.47
9 September 2009	0.93	2.38	3.48
10 September 2009	0.90	2.29	3.36
11 September 2009	0.90	2.29	3.34
14 September 2009	0.94	2.37	3.42
15 September 2009	0.96	2.41	3.47
16 September 2009	1.01	2.46	3.48
17 September 2009	0.98	2.41	3.42
18 September 2009	1.03	2.49	3.49
21 September 2009	1.02	2.47	3.49
22 September 2009	1.02	2.45	3.46
23 September 2009	0.96	2.40	3.44
24 September 2009	0.93	2.37	3.40
25 September 2009	0.98	2.36	3.34
28 September 2009	0.98	2.33	3.31
29 September 2009	1.00	2.34	3.31
30 September 2009	0.95	2.31	3.31
1 October 2009	0.87	2.20	3.21
2 October 2009	0.88	2.22	3.24
5 October 2009	0.88	2.21	3.24
6 October 2009	0.91	2.25	3.27
7 October 2009	0.87	2.16	3.21
8 October 2009	0.90	2.22	3.27
9 October 2009	0.98	2.36	3.40
12 October 2009	ND	ND	ND
13 October 2009	0.91	2.28	3.34
14 October 2009	0.96	2.36	3.45
15 October 2009	0.97	2.41	3.49
16 October 2009	0.97	2.37	3.43
19 October 2009	0.99	2.36	3.41
20 October 2009	0.95	2.30	3.35
21 October 2009	1.00	2.38	3.42
22 October 2009	0.97	2.39	3.44
23 October 2009	1.04	2.46	3.51
26 October 2009	1.06	2.53	3.59
27 October 2009	0.99	2.41	3.49
28 October 2009	0.95	2.37	3.44
29 October 2009	0.98	2.44	3.53
30 October 2009	0.90	2.31	3.41
2 November 2009	0.92	2.33	3.45
3 November 2009	0.92	2.36	3.50
4 November 2009	0.91	2.39	3.57
5 November 2009	0.90	2.35	3.57
6 November 2009	0.86	2.30	3.54
9 November 2009	0.87	2.31	3.52
10 November 2009	0.85	2.31	3.50
11 November 2009	ND	ND	ND
12 November 2009	0.82	2.28	3.45
13 November 2009	0.82	2.28	3.43
16 November 2009	0.78	2.19	3.33
17 November 2009	0.78	2.19	3.33
18 November 2009	0.77	2.21	3.36
19 November 2009	0.73	2.18	3.35
20 November 2009	0.75	2.20	3.36
23 November 2009	0.77	2.20	3.37
24 November 2009	0.73	2.15	3.32
25 November 2009	0.73	2.11	3.28
26 November 2009	ND	ND	ND
27 November 2009	0.68	2.03	3.21
30 November 2009	0.67	2.01	3.21
1 December 2009	0.67	2.03	3.28
2 December 2009	0.72	2.09	3.32
3 December 2009	0.74	2.14	3.39
4 December 2009	0.84	2.24	3.48
7 December 2009	0.78	2.19	3.44
8 December 2009	0.73	2.12	3.40
9 December 2009	0.76	2.15	3.45
10 December 2009	0.78	2.19	3.49
11 December 2009	0.83	2.26	3.55
14 December 2009	0.87	2.30	3.56
15 December 2009	0.88	2.35	3.60
16 December 2009	0.85	2.35	3.61
17 December 2009	0.77	2.24	3.50
18 December 2009	0.82	2.30	3.55
21 December 2009	0.89	2.43	3.69
22 December 2009	0.95	2.49	3.76
23 December 2009	0.96	2.51	3.77
24 December 2009	1.00	2.57	3.82
25 December 2009	ND	ND	ND
28 December 2009	1.09	2.62	3.85
29 December 2009	1.09	2.62	3.82
30 December 2009	1.08	2.61	3.80
31 December 2009	1.14	2.69	3.85
1 January 2010	ND	ND	ND
4 January 2010	1.09	2.65	3.85
5 January 2010	1.01	2.56	3.77
6 January 2010	1.01	2.60	3.85
7 January 2010	1.03	2.62	3.85
8 January 2010	0.96	2.57	3.83
11 January 2010	0.95	2.58	3.85
12 January 2010	0.92	2.49	3.74
13 January 2010	0.97	2.55	3.80
14 January 2010	0.94	2.51	3.76
15 January 2010	0.89	2.44	3.70
18 January 2010	ND	ND	ND
19 January 2010	0.93	2.48	3.73
20 January 2010	0.92	2.45	3.68
21 January 2010	0.87	2.38	3.62
22 January 2010	0.84	2.37	3.62
25 January 2010	0.86	2.39	3.66
26 January 2010	0.87	2.38	3.65
27 January 2010	0.90	2.43	3.66
28 January 2010	0.87	2.41	3.68
29 January 2010	0.82	2.34	3.63
1 February 2010	0.86	2.38	3.68
2 February 2010	0.86	2.37	3.67
3 February 2010	0.88	2.40	3.73
4 February 2010	0.80	2.29	3.62
5 February 2010	0.77	2.23	3.59
8 February 2010	0.79	2.26	3.62
9 February 2010	0.84	2.32	3.67
10 February 2010	0.91	2.39	3.72
11 February 2010	0.91	2.39	3.73
12 February 2010	0.84	2.35	3.69
15 February 2010	ND	ND	ND
16 February 2010	0.82	2.32	3.66
17 February 2010	0.87	2.40	3.74
18 February 2010	0.90	2.46	3.79
19 February 2010	0.95	2.48	3.78
22 February 2010	0.91	2.47	3.80
23 February 2010	0.87	2.37	3.69
24 February 2010	0.87	2.40	3.70
25 February 2010	0.82	2.33	3.64
26 February 2010	0.81	2.30	3.61
1 March 2010	0.80	2.28	3.61
2 March 2010	0.80	2.27	3.62
3 March 2010	0.82	2.27	3.63
4 March 2010	0.86	2.28	3.61
5 March 2010	0.91	2.35	3.69
8 March 2010	0.90	2.36	3.72
9 March 2010	0.89	2.34	3.71
10 March 2010	0.92	2.39	3.73
11 March 2010	0.97	2.43	3.73
12 March 2010	0.97	2.42	3.71
15 March 2010	0.96	2.42	3.71
16 March 2010	0.93	2.37	3.66
17 March 2010	0.95	2.38	3.65
18 March 2010	0.98	2.44	3.68
19 March 2010	1.02	2.48	3.70
22 March 2010	1.01	2.43	3.67
23 March 2010	1.02	2.44	3.69
24 March 2010	1.08	2.62	3.84
25 March 2010	1.10	2.65	3.91
26 March 2010	1.04	2.59	3.86
29 March 2010	1.04	2.60	3.88
30 March 2010	1.06	2.60	3.88
31 March 2010	1.02	2.55	3.84
1 April 2010	1.05	2.59	3.89
2 April 2010	1.11	2.67	3.96
5 April 2010	1.18	2.75	4.01
6 April 2010	1.14	2.71	3.98
7 April 2010	1.06	2.62	3.89
8 April 2010	1.09	2.64	3.91
9 April 2010	1.08	2.65	3.90
12 April 2010	1.07	2.60	3.87
13 April 2010	1.07	2.58	3.84
14 April 2010	1.07	2.61	3.88
15 April 2010	1.04	2.57	3.86
16 April 2010	0.98	2.49	3.79
19 April 2010	1.01	2.54	3.83
20 April 2010	1.05	2.56	3.82
21 April 2010	1.03	2.52	3.77
22 April 2010	1.07	2.57	3.80
23 April 2010	1.10	2.61	3.84
26 April 2010	1.09	2.60	3.83
27 April 2010	1.03	2.46	3.71
28 April 2010	1.03	2.53	3.80
29 April 2010	1.01	2.49	3.76
30 April 2010	0.97	2.43	3.69
3 May 2010	1.00	2.47	3.72
4 May 2010	0.96	2.38	3.63
5 May 2010	0.88	2.31	3.58
6 May 2010	0.75	2.13	3.41
7 May 2010	0.83	2.17	3.45
10 May 2010	0.87	2.27	3.57
11 May 2010	0.85	2.26	3.56
12 May 2010	0.89	2.29	3.56
13 May 2010	0.87	2.27	3.55
14 May 2010	0.79	2.16	3.44
17 May 2010	0.81	2.20	3.47
18 May 2010	0.76	2.11	3.38
19 May 2010	0.80	2.13	3.36
20 May 2010	0.76	2.04	3.25
21 May 2010	0.76	2.02	3.20
24 May 2010	0.77	2.04	3.23
25 May 2010	0.81	2.01	3.18
26 May 2010	0.82	2.06	3.21
27 May 2010	0.87	2.18	3.34
28 May 2010	0.76	2.10	3.31
31 May 2010	ND	ND	ND
1 June 2010	0.78	2.09	3.29
2 June 2010	0.82	2.14	3.35
3 June 2010	0.82	2.17	3.39
4 June 2010	0.72	1.98	3.20
7 June 2010	0.74	1.95	3.17
8 June 2010	0.74	1.98	3.18
9 June 2010	0.74	1.99	3.20
10 June 2010	0.79	2.12	3.33
11 June 2010	0.75	2.03	3.24
14 June 2010	0.77	2.07	3.28
15 June 2010	0.79	2.10	3.32
16 June 2010	0.75	2.06	3.27
17 June 2010	0.72	2.01	3.21
18 June 2010	0.74	2.04	3.24
21 June 2010	0.74	2.05	3.26
22 June 2010	0.71	1.98	3.18
23 June 2010	0.66	1.93	3.13
24 June 2010	0.67	1.93	3.14
25 June 2010	0.65	1.90	3.12
28 June 2010	0.62	1.83	3.05
29 June 2010	0.61	1.78	2.97
30 June 2010	0.61	1.79	2.97
1 July 2010	0.63	1.80	2.96
2 July 2010	0.63	1.82	3.00
5 July 2010	ND	ND	ND
6 July 2010	0.62	1.76	2.95
7 July 2010	0.63	1.79	3.00
8 July 2010	0.63	1.80	3.04
9 July 2010	0.63	1.85	3.07
12 July 2010	0.65	1.85	3.08
13 July 2010	0.67	1.90	3.15
14 July 2010	0.62	1.82	3.07
15 July 2010	0.61	1.76	3.00
16 July 2010	0.61	1.70	2.96
19 July 2010	0.61	1.73	2.99
20 July 2010	0.61	1.71	2.98
21 July 2010	0.58	1.66	2.90
22 July 2010	0.60	1.69	2.96
23 July 2010	0.60	1.75	3.02
26 July 2010	0.62	1.76	3.03
27 July 2010	0.65	1.82	3.08
28 July 2010	0.61	1.75	3.03
29 July 2010	0.59	1.70	3.03
30 July 2010	0.55	1.60	2.94
2 August 2010	0.56	1.64	2.99
3 August 2010	0.53	1.55	2.94
4 August 2010	0.56	1.62	2.98
5 August 2010	0.53	1.57	2.94
6 August 2010	0.50	1.51	2.86
9 August 2010	0.54	1.54	2.86
10 August 2010	0.52	1.46	2.79
11 August 2010	0.54	1.44	2.72
12 August 2010	0.55	1.48	2.74
13 August 2010	0.54	1.47	2.68
16 August 2010	0.51	1.40	2.58
17 August 2010	0.52	1.44	2.64
18 August 2010	0.51	1.46	2.64
19 August 2010	0.49	1.41	2.58
20 August 2010	0.49	1.47	2.62
23 August 2010	0.49	1.43	2.60
24 August 2010	0.50	1.36	2.50
25 August 2010	0.53	1.40	2.54
26 August 2010	0.51	1.38	2.50
27 August 2010	0.56	1.49	2.66
30 August 2010	0.50	1.39	2.54
31 August 2010	0.47	1.33	2.47
1 September 2010	0.50	1.41	2.58
2 September 2010	0.50	1.43	2.63
3 September 2010	0.52	1.49	2.72
6 September 2010	ND	ND	ND
7 September 2010	0.49	1.41	2.61
8 September 2010	0.52	1.46	2.66
9 September 2010	0.57	1.57	2.77
10 September 2010	0.58	1.59	2.81
13 September 2010	0.53	1.51	2.74
14 September 2010	0.50	1.43	2.68
15 September 2010	0.50	1.46	2.74
16 September 2010	0.48	1.48	2.77
17 September 2010	0.48	1.46	2.75
20 September 2010	0.47	1.43	2.72
21 September 2010	0.43	1.34	2.61
22 September 2010	0.44	1.33	2.56
23 September 2010	0.45	1.34	2.56
24 September 2010	0.45	1.37	2.62
27 September 2010	0.44	1.31	2.54
28 September 2010	0.37	1.25	2.48
29 September 2010	0.44	1.28	2.52
30 September 2010	0.42	1.27	2.53
1 October 2010	0.42	1.26	2.54
4 October 2010	0.41	1.23	2.50
5 October 2010	0.41	1.21	2.50
6 October 2010	0.38	1.16	2.41
7 October 2010	0.36	1.14	2.41
8 October 2010	0.35	1.11	2.41
11 October 2010	ND	ND	ND
12 October 2010	0.37	1.14	2.44
13 October 2010	0.37	1.13	2.46
14 October 2010	0.38	1.18	2.52
15 October 2010	0.37	1.20	2.59
18 October 2010	0.38	1.14	2.52
19 October 2010	0.37	1.11	2.50
20 October 2010	0.35	1.11	2.51
21 October 2010	0.37	1.15	2.57
22 October 2010	0.35	1.17	2.59
25 October 2010	0.37	1.20	2.59
26 October 2010	0.40	1.27	2.67
27 October 2010	0.40	1.34	2.75
28 October 2010	0.37	1.23	2.69
29 October 2010	0.34	1.17	2.63
1 November 2010	0.34	1.17	2.66
2 November 2010	0.34	1.15	2.63
3 November 2010	0.34	1.11	2.67
4 November 2010	0.33	1.04	2.53
5 November 2010	0.38	1.10	2.58
8 November 2010	0.41	1.13	2.60
9 November 2010	0.46	1.27	2.72
10 November 2010	0.44	1.23	2.65
11 November 2010	ND	ND	ND
12 November 2010	0.51	1.35	2.76
15 November 2010	0.53	1.51	2.92
16 November 2010	0.51	1.49	2.85
17 November 2010	0.50	1.49	2.89
18 November 2010	0.52	1.51	2.90
19 November 2010	0.52	1.54	2.88
22 November 2010	0.49	1.44	2.80
23 November 2010	0.45	1.40	2.77
24 November 2010	0.53	1.56	2.93
25 November 2010	ND	ND	ND
26 November 2010	0.51	1.53	2.87
29 November 2010	0.52	1.51	2.84
30 November 2010	0.45	1.47	2.81
1 December 2010	0.53	1.64	2.97
2 December 2010	0.55	1.68	3.01
3 December 2010	0.49	1.64	3.03
6 December 2010	0.42	1.53	2.95
7 December 2010	0.54	1.74	3.15
8 December 2010	0.63	1.87	3.26
9 December 2010	0.64	1.90	3.23
10 December 2010	0.64	1.98	3.32
13 December 2010	0.61	1.91	3.29
14 December 2010	0.66	2.08	3.49
15 December 2010	0.68	2.11	3.53
16 December 2010	0.66	2.06	3.47
17 December 2010	0.61	1.97	3.33
20 December 2010	0.62	1.99	3.36
21 December 2010	0.63	1.99	3.35
22 December 2010	0.65	2.02	3.36
23 December 2010	0.67	2.09	3.41
24 December 2010	ND	ND	ND
27 December 2010	0.71	2.08	3.36
28 December 2010	0.75	2.18	3.50
29 December 2010	0.64	2.03	3.35
30 December 2010	0.66	2.06	3.38
31 December 2010	0.61	2.01	3.30
3 January 2011	0.61	2.02	3.36
4 January 2011	0.63	2.01	3.36
5 January 2011	0.71	2.14	3.50
6 January 2011	0.68	2.09	3.44
7 January 2011	0.60	1.96	3.34
10 January 2011	0.59	1.93	3.32
11 January 2011	0.60	1.98	3.37
12 January 2011	0.61	1.99	3.40
13 January 2011	0.59	1.93	3.34
14 January 2011	0.59	1.95	3.35
17 January 2011	ND	ND	ND
18 January 2011	0.60	1.97	3.39
19 January 2011	0.60	1.95	3.37
20 January 2011	0.65	2.06	3.47
21 January 2011	0.63	2.04	3.44
24 January 2011	0.65	2.03	3.43
25 January 2011	0.62	1.96	3.35
26 January 2011	0.62	2.03	3.45
27 January 2011	0.59	1.98	3.42
28 January 2011	0.54	1.92	3.36
31 January 2011	0.58	1.95	3.42
1 February 2011	0.61	2.02	3.48
2 February 2011	0.67	2.10	3.52
3 February 2011	0.71	2.18	3.58
4 February 2011	0.77	2.27	3.68
7 February 2011	0.78	2.29	3.68
8 February 2011	0.86	2.39	3.75
9 February 2011	0.81	2.33	3.65
10 February 2011	0.85	2.40	3.70
11 February 2011	0.85	2.38	3.64
14 February 2011	0.87	2.37	3.62
15 February 2011	0.84	2.35	3.61
16 February 2011	0.86	2.37	3.62
17 February 2011	0.80	2.30	3.58
18 February 2011	0.78	2.30	3.59
21 February 2011	ND	ND	ND
22 February 2011	0.74	2.16	3.46
23 February 2011	0.74	2.21	3.49
24 February 2011	0.73	2.19	3.46
25 February 2011	0.72	2.16	3.42
28 February 2011	0.69	2.13	3.42
1 March 2011	0.66	2.11	3.41
2 March 2011	0.69	2.16	3.46
3 March 2011	0.79	2.30	3.58
4 March 2011	0.68	2.17	3.49
7 March 2011	0.70	2.19	3.51
8 March 2011	0.73	2.22	3.56
9 March 2011	0.70	2.16	3.48
10 March 2011	0.65	2.05	3.37
11 March 2011	0.64	2.06	3.40
14 March 2011	0.61	2.00	3.36
15 March 2011	0.63	2.00	3.33
16 March 2011	0.58	1.87	3.22
17 March 2011	0.60	1.91	3.25
18 March 2011	0.61	1.96	3.28
21 March 2011	0.67	2.04	3.34
22 March 2011	0.68	2.07	3.34
23 March 2011	0.69	2.07	3.36
24 March 2011	0.72	2.14	3.42
25 March 2011	0.79	2.20	3.46
28 March 2011	0.81	2.23	3.47
29 March 2011	0.81	2.25	3.50
30 March 2011	0.80	2.21	3.47
31 March 2011	0.80	2.24	3.47
1 April 2011	0.80	2.24	3.46
4 April 2011	0.77	2.20	3.45
5 April 2011	0.84	2.28	3.50
6 April 2011	0.85	2.32	3.56
7 April 2011	0.81	2.29	3.58
8 April 2011	0.83	2.31	3.59
11 April 2011	0.85	2.31	3.59
12 April 2011	0.77	2.22	3.52
13 April 2011	0.75	2.19	3.49
14 April 2011	0.77	2.23	3.51
15 April 2011	0.71	2.14	3.43
18 April 2011	0.69	2.09	3.40
19 April 2011	0.68	2.09	3.39
20 April 2011	0.69	2.15	3.43
21 April 2011	0.68	2.14	3.42
22 April 2011	ND	ND	ND
25 April 2011	0.67	2.10	3.39
26 April 2011	0.65	2.05	3.34
27 April 2011	0.65	2.06	3.39
28 April 2011	0.62	2.00	3.34
29 April 2011	0.61	1.97	3.32
2 May 2011	0.61	1.96	3.31
3 May 2011	0.61	1.96	3.28
4 May 2011	0.60	1.95	3.25
5 May 2011	0.58	1.88	3.18
6 May 2011	0.57	1.87	3.19
9 May 2011	0.57	1.84	3.17
10 May 2011	0.59	1.91	3.23
11 May 2011	0.56	1.87	3.19
12 May 2011	0.57	1.89	3.22
13 May 2011	0.57	1.86	3.18
16 May 2011	0.54	1.83	3.15
17 May 2011	0.55	1.80	3.12
18 May 2011	0.58	1.87	3.18
19 May 2011	0.55	1.85	3.17
20 May 2011	0.55	1.82	3.15
23 May 2011	0.55	1.80	3.13
24 May 2011	0.56	1.81	3.12
25 May 2011	0.54	1.81	3.13
26 May 2011	0.48	1.72	3.07
27 May 2011	0.48	1.71	3.07
30 May 2011	ND	ND	ND
31 May 2011	0.45	1.68	3.05
1 June 2011	0.44	1.60	2.96
2 June 2011	0.45	1.65	3.04
3 June 2011	0.42	1.60	2.99
6 June 2011	0.43	1.60	3.01
7 June 2011	0.39	1.59	3.01
8 June 2011	0.39	1.52	2.98
9 June 2011	0.43	1.60	3.01
10 June 2011	0.41	1.58	2.99
13 June 2011	0.40	1.59	3.00
14 June 2011	0.45	1.70	3.11
15 June 2011	0.38	1.55	2.98
16 June 2011	0.38	1.52	2.93
17 June 2011	0.38	1.53	2.94
20 June 2011	0.38	1.55	2.97
21 June 2011	0.40	1.57	2.99
22 June 2011	0.39	1.58	3.01
23 June 2011	0.35	1.48	2.93
24 June 2011	0.35	1.40	2.88
27 June 2011	0.41	1.47	2.95
28 June 2011	0.48	1.62	3.05
29 June 2011	0.47	1.70	3.14
30 June 2011	0.45	1.76	3.18
1 July 2011	0.50	1.80	3.22
4 July 2011	ND	ND	ND
5 July 2011	0.44	1.70	3.16
6 July 2011	0.43	1.66	3.12
7 July 2011	0.49	1.74	3.17
8 July 2011	0.40	1.57	3.03
11 July 2011	0.37	1.49	2.94
12 July 2011	0.37	1.47	2.92
13 July 2011	0.37	1.45	2.92
14 July 2011	0.38	1.51	2.98
15 July 2011	0.37	1.46	2.94
18 July 2011	0.37	1.45	2.94
19 July 2011	0.39	1.45	2.91
20 July 2011	0.40	1.49	2.96
21 July 2011	0.40	1.56	3.03
22 July 2011	0.40	1.53	2.99
25 July 2011	0.42	1.55	3.03
26 July 2011	0.41	1.51	2.99
27 July 2011	0.44	1.56	3.01
28 July 2011	0.42	1.52	2.98
29 July 2011	0.36	1.35	2.82
1 August 2011	0.38	1.32	2.77
2 August 2011	0.33	1.23	2.66
3 August 2011	0.33	1.25	2.64
4 August 2011	0.27	1.12	2.47
5 August 2011	0.28	1.23	2.58
8 August 2011	0.27	1.11	2.40
9 August 2011	0.19	0.91	2.20
10 August 2011	0.19	0.93	2.17
11 August 2011	0.19	1.02	2.34
12 August 2011	0.20	0.96	2.24
15 August 2011	0.19	0.99	2.29
16 August 2011	0.20	0.95	2.23
17 August 2011	0.19	0.92	2.17
18 August 2011	0.20	0.90	2.08
19 August 2011	0.20	0.90	2.07
22 August 2011	0.22	0.94	2.10
23 August 2011	0.22	0.95	2.15
24 August 2011	0.23	1.05	2.29
25 August 2011	0.22	0.98	2.23
26 August 2011	0.20	0.94	2.19
29 August 2011	0.20	0.99	2.28
30 August 2011	0.20	0.94	2.19
31 August 2011	0.20	0.96	2.23
1 September 2011	0.19	0.90	2.15
2 September 2011	0.20	0.88	2.02
5 September 2011	ND	ND	ND
6 September 2011	0.21	0.88	1.98
7 September 2011	0.21	0.92	2.05
8 September 2011	0.19	0.88	2.00
9 September 2011	0.17	0.81	1.93
12 September 2011	0.21	0.87	1.94
13 September 2011	0.21	0.89	2.00
14 September 2011	0.19	0.91	2.03
15 September 2011	0.21	0.95	2.09
16 September 2011	0.18	0.94	2.08
19 September 2011	0.16	0.85	1.97
20 September 2011	0.18	0.85	1.95
21 September 2011	0.21	0.88	1.88
22 September 2011	0.20	0.79	1.72
23 September 2011	0.23	0.89	1.84
26 September 2011	0.25	0.92	1.91
27 September 2011	0.25	0.97	2.00
28 September 2011	0.27	0.99	2.03
29 September 2011	0.27	0.98	1.99
30 September 2011	0.25	0.96	1.92
3 October 2011	0.24	0.87	1.80
4 October 2011	0.25	0.90	1.81
5 October 2011	0.25	0.96	1.92
6 October 2011	0.29	1.01	2.01
7 October 2011	0.30	1.08	2.10
10 October 2011	ND	ND	ND
11 October 2011	0.32	1.14	2.18
12 October 2011	0.29	1.17	2.24
13 October 2011	0.29	1.11	2.19
14 October 2011	0.28	1.12	2.26
17 October 2011	0.28	1.08	2.18
18 October 2011	0.28	1.07	2.19
19 October 2011	0.28	1.05	2.18
20 October 2011	0.28	1.07	2.20
21 October 2011	0.30	1.08	2.23
24 October 2011	0.30	1.10	2.25
25 October 2011	0.26	1.01	2.14
26 October 2011	0.28	1.09	2.23
27 October 2011	0.31	1.20	2.42
28 October 2011	0.28	1.13	2.34
31 October 2011	0.25	0.99	2.17
1 November 2011	0.23	0.90	2.01
2 November 2011	0.23	0.89	2.03
3 November 2011	0.24	0.91	2.09
4 November 2011	0.22	0.88	2.06
7 November 2011	0.25	0.88	2.04
8 November 2011	0.25	0.92	2.10
9 November 2011	0.24	0.88	2.00
10 November 2011	0.24	0.90	2.04
11 November 2011	ND	ND	ND
14 November 2011	0.24	0.91	2.04
15 November 2011	0.26	0.93	2.06
16 November 2011	0.26	0.90	2.01
17 November 2011	0.27	0.88	1.96
18 November 2011	0.29	0.94	2.01
21 November 2011	0.27	0.92	1.97
22 November 2011	0.26	0.91	1.94
23 November 2011	0.26	0.88	1.89
24 November 2011	ND	ND	ND
25 November 2011	0.28	0.93	1.97
28 November 2011	0.26	0.91	1.97
29 November 2011	0.27	0.93	2.00
30 November 2011	0.25	0.96	2.08
1 December 2011	0.27	0.97	2.11
2 December 2011	0.25	0.92	2.05
5 December 2011	0.27	0.93	2.04
6 December 2011	0.25	0.94	2.08
7 December 2011	0.24	0.89	2.02
8 December 2011	0.22	0.86	1.99
9 December 2011	0.22	0.89	2.07
12 December 2011	0.24	0.87	2.03
13 December 2011	0.24	0.85	1.96
14 December 2011	0.25	0.86	1.92
15 December 2011	0.26	0.86	1.92
16 December 2011	0.24	0.81	1.86
19 December 2011	0.24	0.82	1.82
20 December 2011	0.26	0.88	1.94
21 December 2011	0.28	0.91	1.98
22 December 2011	0.28	0.91	1.97
23 December 2011	0.28	0.97	2.03
26 December 2011	ND	ND	ND
27 December 2011	0.30	0.96	2.02
28 December 2011	0.28	0.91	1.93
29 December 2011	0.28	0.88	1.91
30 December 2011	0.25	0.83	1.89
2 January 2012	ND	ND	ND
3 January 2012	0.27	0.89	1.97
4 January 2012	0.25	0.89	2.00
5 January 2012	0.27	0.88	2.02
6 January 2012	0.25	0.86	1.98
9 January 2012	0.26	0.85	1.98
10 January 2012	0.24	0.86	2.00
11 January 2012	0.24	0.82	1.93
12 January 2012	0.22	0.84	1.94
13 January 2012	0.24	0.80	1.89
16 January 2012	ND	ND	ND
17 January 2012	0.21	0.79	1.87
18 January 2012	0.24	0.82	1.92
19 January 2012	0.26	0.87	2.01
20 January 2012	0.26	0.91	2.05
23 January 2012	0.26	0.93	2.09
24 January 2012	0.24	0.92	2.08
25 January 2012	0.22	0.81	2.01
26 January 2012	0.22	0.77	1.96
27 January 2012	0.22	0.75	1.93
30 January 2012	0.22	0.73	1.87
31 January 2012	0.22	0.71	1.83
1 February 2012	0.23	0.72	1.87
2 February 2012	0.23	0.71	1.86
3 February 2012	0.23	0.78	1.97
6 February 2012	0.24	0.76	1.93
7 February 2012	0.25	0.82	2.00
8 February 2012	0.27	0.82	2.01
9 February 2012	0.27	0.86	2.04
10 February 2012	0.27	0.81	1.96
13 February 2012	0.29	0.85	1.99
14 February 2012	0.29	0.81	1.92
15 February 2012	0.29	0.81	1.93
16 February 2012	0.29	0.87	1.99
17 February 2012	0.29	0.88	2.01
20 February 2012	ND	ND	ND
21 February 2012	0.31	0.92	2.05
22 February 2012	0.29	0.88	2.01
23 February 2012	0.31	0.88	1.99
24 February 2012	0.31	0.89	1.98
27 February 2012	0.30	0.84	1.92
28 February 2012	0.30	0.84	1.94
29 February 2012	0.30	0.87	1.98
1 March 2012	0.30	0.89	2.03
2 March 2012	0.28	0.84	1.99
5 March 2012	0.31	0.87	2.00
6 March 2012	0.30	0.83	1.96
7 March 2012	0.30	0.85	1.98
8 March 2012	0.32	0.89	2.03
9 March 2012	0.33	0.90	2.04
12 March 2012	0.33	0.92	2.04
13 March 2012	0.35	0.99	2.14
14 March 2012	0.40	1.13	2.29
15 March 2012	0.37	1.11	2.29
16 March 2012	0.37	1.13	2.31
19 March 2012	0.39	1.20	2.39
20 March 2012	0.41	1.22	2.38
21 March 2012	0.39	1.15	2.31
22 March 2012	0.37	1.13	2.29
23 March 2012	0.37	1.10	2.25
26 March 2012	0.36	1.09	2.26
27 March 2012	0.33	1.04	2.20
28 March 2012	0.34	1.05	2.21
29 March 2012	0.33	1.01	2.18
30 March 2012	0.33	1.04	2.23
2 April 2012	0.33	1.03	2.22
3 April 2012	0.36	1.10	2.30
4 April 2012	0.35	1.05	2.25
5 April 2012	0.35	1.01	2.19
6 April 2012	0.32	0.89	2.07
9 April 2012	0.32	0.90	2.06
10 April 2012	0.28	0.85	2.01
11 April 2012	0.30	0.89	2.05
12 April 2012	0.29	0.90	2.08
13 April 2012	0.27	0.86	2.02
16 April 2012	0.27	0.85	2.00
17 April 2012	0.27	0.88	2.03
18 April 2012	0.27	0.86	2.00
19 April 2012	0.27	0.84	1.98
20 April 2012	0.29	0.86	1.99
23 April 2012	0.27	0.83	1.96
24 April 2012	0.27	0.86	2.00
25 April 2012	0.26	0.86	2.01
26 April 2012	0.26	0.83	1.98
27 April 2012	0.26	0.82	1.96
30 April 2012	0.27	0.82	1.95
1 May 2012	0.27	0.84	1.98
2 May 2012	0.27	0.82	1.96
3 May 2012	0.28	0.82	1.96
4 May 2012	0.27	0.78	1.91
7 May 2012	0.27	0.79	1.92
8 May 2012	0.27	0.77	1.88
9 May 2012	0.27	0.77	1.87
10 May 2012	0.27	0.79	1.89
11 May 2012	0.27	0.75	1.84
14 May 2012	0.29	0.73	1.78
15 May 2012	0.29	0.74	1.76
16 May 2012	0.30	0.75	1.76
17 May 2012	0.32	0.74	1.70
18 May 2012	0.32	0.75	1.71
21 May 2012	0.30	0.75	1.75
22 May 2012	0.30	0.78	1.79
23 May 2012	0.28	0.74	1.73
24 May 2012	0.29	0.77	1.77
25 May 2012	0.30	0.76	1.75
28 May 2012	ND	ND	ND
29 May 2012	0.30	0.76	1.74
30 May 2012	0.27	0.69	1.63
31 May 2012	0.27	0.67	1.59
1 June 2012	0.25	0.62	1.47
4 June 2012	0.25	0.68	1.53
5 June 2012	0.25	0.68	1.57
6 June 2012	0.26	0.73	1.66
7 June 2012	0.27	0.72	1.66
8 June 2012	0.28	0.71	1.65
11 June 2012	0.27	0.69	1.60
12 June 2012	0.30	0.75	1.67
13 June 2012	0.30	0.71	1.61
14 June 2012	0.30	0.73	1.64
15 June 2012	0.29	0.68	1.60
18 June 2012	0.29	0.69	1.59
19 June 2012	0.30	0.71	1.64
20 June 2012	0.32	0.74	1.65
21 June 2012	0.32	0.73	1.63
22 June 2012	0.31	0.76	1.69
25 June 2012	0.31	0.72	1.63
26 June 2012	0.31	0.75	1.66
27 June 2012	0.31	0.73	1.65
28 June 2012	0.31	0.69	1.60
29 June 2012	0.33	0.72	1.67
2 July 2012	0.30	0.67	1.61
3 July 2012	0.30	0.69	1.65
4 July 2012	ND	ND	ND
5 July 2012	0.28	0.68	1.62
6 July 2012	0.27	0.64	1.57
9 July 2012	0.27	0.63	1.53
10 July 2012	0.27	0.63	1.53
11 July 2012	0.27	0.64	1.54
12 July 2012	0.25	0.63	1.50
13 July 2012	0.25	0.63	1.52
16 July 2012	0.24	0.60	1.50
17 July 2012	0.25	0.62	1.53
18 July 2012	0.22	0.60	1.52
19 July 2012	0.22	0.62	1.54
20 July 2012	0.22	0.59	1.49
23 July 2012	0.22	0.57	1.47
24 July 2012	0.22	0.57	1.44
25 July 2012	0.22	0.56	1.43
26 July 2012	0.23	0.58	1.45
27 July 2012	0.25	0.65	1.58
30 July 2012	0.23	0.61	1.53
31 July 2012	0.23	0.60	1.51
1 August 2012	0.24	0.63	1.56
2 August 2012	0.24	0.61	1.51
3 August 2012	0.24	0.67	1.60
6 August 2012	0.24	0.65	1.59
7 August 2012	0.27	0.71	1.66
8 August 2012	0.29	0.73	1.68
9 August 2012	0.29	0.74	1.69
10 August 2012	0.27	0.71	1.65
13 August 2012	0.27	0.71	1.65
14 August 2012	0.27	0.75	1.73
15 August 2012	0.27	0.80	1.80
16 August 2012	0.29	0.83	1.83
17 August 2012	0.29	0.81	1.81
20 August 2012	0.29	0.80	1.82
21 August 2012	0.31	0.80	1.80
22 August 2012	0.26	0.71	1.71
23 August 2012	0.26	0.71	1.68
24 August 2012	0.28	0.72	1.68
27 August 2012	0.28	0.70	1.65
28 August 2012	0.27	0.69	1.64
29 August 2012	0.27	0.69	1.66
30 August 2012	0.27	0.66	1.63
31 August 2012	0.22	0.59	1.57
3 September 2012	ND	ND	ND
4 September 2012	0.23	0.62	1.59
5 September 2012	0.25	0.62	1.60
6 September 2012	0.27	0.68	1.68
7 September 2012	0.25	0.64	1.67
10 September 2012	0.25	0.66	1.68
11 September 2012	0.25	0.67	1.70
12 September 2012	0.25	0.70	1.77
13 September 2012	0.24	0.65	1.75
14 September 2012	0.27	0.72	1.88
17 September 2012	0.25	0.73	1.85
18 September 2012	0.25	0.71	1.82
19 September 2012	0.27	0.70	1.79
20 September 2012	0.27	0.70	1.80
21 September 2012	0.27	0.68	1.77
24 September 2012	0.27	0.68	1.74
25 September 2012	0.27	0.66	1.70
26 September 2012	0.26	0.63	1.64
27 September 2012	0.25	0.64	1.66
28 September 2012	0.23	0.62	1.65
1 October 2012	0.25	0.62	1.64
2 October 2012	0.23	0.61	1.64
3 October 2012	0.23	0.61	1.64
4 October 2012	0.23	0.63	1.70
5 October 2012	0.27	0.67	1.75
8 October 2012	ND	ND	ND
9 October 2012	0.25	0.67	1.74
10 October 2012	0.27	0.66	1.72
11 October 2012	0.28	0.67	1.70
12 October 2012	0.27	0.67	1.69
15 October 2012	0.27	0.67	1.70
16 October 2012	0.27	0.70	1.75
17 October 2012	0.30	0.78	1.83
18 October 2012	0.29	0.79	1.86
19 October 2012	0.30	0.77	1.79
22 October 2012	0.32	0.79	1.83
23 October 2012	0.29	0.77	1.79
24 October 2012	0.29	0.76	1.80
25 October 2012	0.31	0.82	1.86
26 October 2012	0.30	0.76	1.78
29 October 2012	0.30	0.74	1.74
30 October 2012	ND	ND	ND
31 October 2012	0.30	0.72	1.72
1 November 2012	0.30	0.73	1.75
2 November 2012	0.28	0.73	1.75
5 November 2012	0.28	0.70	1.72
6 November 2012	0.30	0.75	1.78
7 November 2012	0.27	0.67	1.68
8 November 2012	0.27	0.65	1.62
9 November 2012	0.27	0.65	1.61
12 November 2012	ND	ND	ND
13 November 2012	0.27	0.63	1.59
14 November 2012	0.25	0.63	1.59
15 November 2012	0.24	0.62	1.58
16 November 2012	0.24	0.62	1.58
19 November 2012	0.25	0.64	1.61
20 November 2012	0.27	0.67	1.66
21 November 2012	0.27	0.69	1.69
22 November 2012	ND	ND	ND
23 November 2012	0.29	0.70	1.70
26 November 2012	0.27	0.68	1.66
27 November 2012	0.27	0.66	1.64
28 November 2012	0.27	0.64	1.63
29 November 2012	0.25	0.63	1.62
30 November 2012	0.25	0.61	1.62
3 December 2012	0.25	0.63	1.63
4 December 2012	0.25	0.63	1.62
5 December 2012	0.25	0.61	1.60
6 December 2012	0.25	0.60	1.59
7 December 2012	0.25	0.63	1.64
10 December 2012	0.24	0.62	1.63
11 December 2012	0.24	0.64	1.66
12 December 2012	0.25	0.66	1.72
13 December 2012	0.27	0.70	1.74
14 December 2012	0.24	0.70	1.72
17 December 2012	0.25	0.74	1.78
18 December 2012	0.28	0.78	1.84
19 December 2012	0.28	0.77	1.82
20 December 2012	0.28	0.77	1.81
21 December 2012	0.26	0.75	1.77
24 December 2012	0.26	0.77	1.79
25 December 2012	ND	ND	ND
26 December 2012	0.26	0.76	1.77
27 December 2012	0.26	0.72	1.74
28 December 2012	0.27	0.72	1.73
31 December 2012	0.25	0.72	1.78
1 January 2013	ND	ND	ND
2 January 2013	0.27	0.76	1.86
3 January 2013	0.27	0.81	1.92
4 January 2013	0.27	0.82	1.93
7 January 2013	0.27	0.82	1.92
8 January 2013	0.25	0.79	1.89
9 January 2013	0.24	0.77	1.88
10 January 2013	0.26	0.80	1.91
11 January 2013	0.26	0.78	1.89
14 January 2013	0.26	0.78	1.89
15 January 2013	0.26	0.75	1.86
16 January 2013	0.26	0.75	1.84
17 January 2013	0.28	0.79	1.89
18 January 2013	0.26	0.77	1.87
21 January 2013	ND	ND	ND
22 January 2013	0.26	0.76	1.86
23 January 2013	0.26	0.76	1.86
24 January 2013	0.23	0.78	1.88
25 January 2013	0.28	0.87	1.98
28 January 2013	0.29	0.89	2.00
29 January 2013	0.30	0.90	2.03
30 January 2013	0.27	0.88	2.03
31 January 2013	0.27	0.88	2.02
1 February 2013	0.27	0.88	2.04
4 February 2013	0.25	0.85	2.00
5 February 2013	0.27	0.88	2.04
6 February 2013	0.27	0.84	2.00
7 February 2013	0.25	0.83	1.99
8 February 2013	0.25	0.84	1.99
11 February 2013	0.27	0.85	1.99
12 February 2013	0.29	0.88	2.02
13 February 2013	0.29	0.92	2.05
14 February 2013	0.27	0.86	2.00
15 February 2013	0.29	0.87	2.01
18 February 2013	ND	ND	ND
19 February 2013	0.29	0.89	2.03
20 February 2013	0.27	0.88	2.02
21 February 2013	0.26	0.86	1.99
22 February 2013	0.27	0.84	1.97
25 February 2013	0.25	0.78	1.88
26 February 2013	0.25	0.78	1.88
27 February 2013	0.27	0.78	1.91
28 February 2013	0.25	0.77	1.89
1 March 2013	0.25	0.75	1.86
4 March 2013	0.24	0.76	1.88
5 March 2013	0.25	0.77	1.90
6 March 2013	0.25	0.81	1.95
7 March 2013	0.25	0.85	2.00
8 March 2013	0.27	0.90	2.06
11 March 2013	0.27	0.90	2.07
12 March 2013	0.27	0.88	2.03
13 March 2013	0.27	0.89	2.04
14 March 2013	0.27	0.88	2.04
15 March 2013	0.25	0.84	2.01
18 March 2013	0.26	0.81	1.96
19 March 2013	0.24	0.79	1.92
20 March 2013	0.26	0.81	1.96
21 March 2013	0.27	0.81	1.95
22 March 2013	0.26	0.80	1.93
25 March 2013	0.24	0.80	1.93
26 March 2013	0.25	0.79	1.92
27 March 2013	0.25	0.76	1.87
28 March 2013	0.25	0.77	1.87
29 March 2013	ND	ND	ND
1 April 2013	0.23	0.76	1.86
2 April 2013	0.25	0.78	1.88
3 April 2013	0.24	0.73	1.83
4 April 2013	0.22	0.69	1.78
5 April 2013	0.24	0.68	1.72
8 April 2013	0.24	0.71	1.76
9 April 2013	0.24	0.70	1.78
10 April 2013	0.24	0.74	1.84
11 April 2013	0.24	0.74	1.82
12 April 2013	0.22	0.70	1.75
15 April 2013	0.22	0.69	1.72
16 April 2013	0.24	0.71	1.75
17 April 2013	0.24	0.71	1.73
18 April 2013	0.24	0.71	1.72
19 April 2013	0.24	0.72	1.73
22 April 2013	0.24	0.70	1.72
23 April 2013	0.23	0.71	1.74
24 April 2013	0.23	0.70	1.73
25 April 2013	0.23	0.71	1.74
26 April 2013	0.22	0.68	1.70
29 April 2013	0.20	0.68	1.70
30 April 2013	0.22	0.68	1.70
1 May 2013	0.20	0.65	1.66
2 May 2013	0.20	0.65	1.66
3 May 2013	0.22	0.73	1.78
6 May 2013	0.22	0.74	1.80
7 May 2013	0.22	0.75	1.82
8 May 2013	0.22	0.75	1.81
9 May 2013	0.22	0.75	1.81
10 May 2013	0.26	0.82	1.90
13 May 2013	0.24	0.83	1.92
14 May 2013	0.26	0.85	1.96
15 May 2013	0.26	0.84	1.94
16 May 2013	0.23	0.79	1.87
17 May 2013	0.26	0.84	1.95
20 May 2013	0.26	0.85	1.97
21 May 2013	0.26	0.84	1.94
22 May 2013	0.26	0.91	2.03
23 May 2013	0.26	0.91	2.02
24 May 2013	0.26	0.90	2.01
27 May 2013	ND	ND	ND
28 May 2013	0.29	1.02	2.15
29 May 2013	0.30	1.02	2.13
30 May 2013	0.31	1.01	2.13
31 May 2013	0.30	1.05	2.16
3 June 2013	0.30	1.03	2.13
4 June 2013	0.32	1.05	2.14
5 June 2013	0.30	1.02	2.10
6 June 2013	0.30	1.01	2.08
7 June 2013	0.32	1.10	2.17
10 June 2013	0.32	1.13	2.22
11 June 2013	0.34	1.12	2.20
12 June 2013	0.34	1.15	2.25
13 June 2013	0.32	1.11	2.19
14 June 2013	0.29	1.04	2.14
17 June 2013	0.27	1.06	2.19
18 June 2013	0.27	1.07	2.20
19 June 2013	0.31	1.24	2.33
20 June 2013	0.33	1.31	2.41
21 June 2013	0.38	1.42	2.52
24 June 2013	0.42	1.48	2.57
25 June 2013	0.43	1.49	2.60
26 June 2013	0.39	1.45	2.55
27 June 2013	0.36	1.38	2.49
28 June 2013	0.36	1.41	2.52
1 July 2013	0.34	1.39	2.50
2 July 2013	0.34	1.38	2.48
3 July 2013	0.36	1.42	2.52
4 July 2013	ND	ND	ND
5 July 2013	0.40	1.60	2.73
8 July 2013	0.37	1.51	2.65
9 July 2013	0.37	1.50	2.65
10 July 2013	0.38	1.54	2.70
11 July 2013	0.34	1.40	2.60
12 July 2013	0.37	1.43	2.61
15 July 2013	0.34	1.40	2.57
16 July 2013	0.34	1.38	2.55
17 July 2013	0.32	1.33	2.52
18 July 2013	0.32	1.35	2.56
19 July 2013	0.32	1.31	2.50
22 July 2013	0.32	1.32	2.50
23 July 2013	0.33	1.33	2.53
24 July 2013	0.34	1.40	2.61
25 July 2013	0.32	1.38	2.61
26 July 2013	0.31	1.36	2.58
29 July 2013	0.33	1.37	2.61
30 July 2013	0.33	1.39	2.63
31 July 2013	0.31	1.38	2.60
1 August 2013	0.35	1.49	2.74
2 August 2013	0.30	1.36	2.63
5 August 2013	0.32	1.39	2.67
6 August 2013	0.32	1.39	2.67
7 August 2013	0.32	1.38	2.61
8 August 2013	0.30	1.36	2.58
9 August 2013	0.32	1.36	2.57
12 August 2013	0.32	1.39	2.61
13 August 2013	0.34	1.49	2.71
14 August 2013	0.34	1.48	2.71
15 August 2013	0.36	1.54	2.77
16 August 2013	0.36	1.60	2.84
19 August 2013	0.36	1.63	2.88
20 August 2013	0.36	1.57	2.82
21 August 2013	0.38	1.64	2.87
22 August 2013	0.42	1.71	2.90
23 August 2013	0.40	1.66	2.82
26 August 2013	0.41	1.61	2.79
27 August 2013	0.38	1.56	2.72
28 August 2013	0.40	1.62	2.78
29 August 2013	0.39	1.60	2.75
30 August 2013	0.39	1.62	2.78
2 September 2013	ND	ND	ND
3 September 2013	0.43	1.68	2.86
4 September 2013	0.46	1.74	2.90
5 September 2013	0.52	1.85	2.98
6 September 2013	0.46	1.77	2.94
9 September 2013	0.45	1.71	2.90
10 September 2013	0.50	1.78	2.96
11 September 2013	0.47	1.72	2.93
12 September 2013	0.45	1.72	2.92
13 September 2013	0.45	1.71	2.90
16 September 2013	0.41	1.65	2.88
17 September 2013	0.39	1.62	2.86
18 September 2013	0.34	1.43	2.69
19 September 2013	0.34	1.49	2.76
20 September 2013	0.34	1.50	2.75
23 September 2013	0.35	1.48	2.72
24 September 2013	0.35	1.44	2.67
25 September 2013	0.36	1.41	2.63
26 September 2013	0.34	1.43	2.66
27 September 2013	0.34	1.40	2.64
30 September 2013	0.33	1.39	2.64
1 October 2013	0.33	1.42	2.66
2 October 2013	0.31	1.38	2.63
3 October 2013	0.33	1.36	2.62
4 October 2013	0.33	1.41	2.66
7 October 2013	0.37	1.41	2.65
8 October 2013	0.40	1.43	2.66
9 October 2013	0.37	1.43	2.68
10 October 2013	0.35	1.44	2.71
11 October 2013	0.35	1.42	2.70
14 October 2013	ND	ND	ND
15 October 2013	0.37	1.45	2.75
16 October 2013	0.34	1.41	2.69
17 October 2013	0.33	1.35	2.61
18 October 2013	0.33	1.35	2.60
21 October 2013	0.33	1.38	2.63
22 October 2013	0.31	1.30	2.54
23 October 2013	0.31	1.30	2.51
24 October 2013	0.33	1.32	2.53
25 October 2013	0.32	1.30	2.53
28 October 2013	0.32	1.31	2.54
29 October 2013	0.31	1.29	2.53
30 October 2013	0.33	1.30	2.55
31 October 2013	0.31	1.31	2.57
1 November 2013	0.33	1.37	2.65
4 November 2013	0.32	1.36	2.63
5 November 2013	0.32	1.39	2.69
6 November 2013	0.30	1.34	2.67
7 November 2013	0.29	1.31	2.63
8 November 2013	0.32	1.42	2.77
11 November 2013	ND	ND	ND
12 November 2013	0.34	1.47	2.80
13 November 2013	0.32	1.41	2.75
14 November 2013	0.29	1.34	2.69
15 November 2013	0.31	1.36	2.71
18 November 2013	0.31	1.33	2.67
19 November 2013	0.29	1.37	2.71
20 November 2013	0.28	1.39	2.80
21 November 2013	0.29	1.38	2.79
22 November 2013	0.31	1.37	2.75
25 November 2013	0.30	1.37	2.74
26 November 2013	0.29	1.34	2.71
27 November 2013	0.28	1.36	2.74
28 November 2013	ND	ND	ND
29 November 2013	0.28	1.37	2.75
2 December 2013	0.30	1.43	2.81
3 December 2013	0.28	1.40	2.79
4 December 2013	0.30	1.45	2.84
5 December 2013	0.30	1.49	2.88
6 December 2013	0.30	1.51	2.88
9 December 2013	0.30	1.50	2.86
10 December 2013	0.30	1.46	2.81
11 December 2013	0.31	1.50	2.86
12 December 2013	0.34	1.55	2.89
13 December 2013	0.34	1.55	2.88
16 December 2013	0.34	1.55	2.89
17 December 2013	0.34	1.52	2.85
18 December 2013	0.32	1.55	2.89
19 December 2013	0.35	1.63	2.94
20 December 2013	0.37	1.66	2.89
23 December 2013	0.38	1.68	2.94
24 December 2013	0.38	1.73	2.99
25 December 2013	ND	ND	ND
26 December 2013	0.42	1.74	3.00
27 December 2013	0.40	1.74	3.02
30 December 2013	0.39	1.71	2.99
31 December 2013	0.38	1.75	3.04
1 January 2014	ND	ND	ND
2 January 2014	0.39	1.72	3.00
3 January 2014	0.41	1.73	3.01
6 January 2014	0.40	1.70	2.98
7 January 2014	0.40	1.69	2.96
8 January 2014	0.43	1.77	3.01
9 January 2014	0.44	1.75	2.97
10 January 2014	0.39	1.64	2.88
13 January 2014	0.39	1.60	2.84
14 January 2014	0.39	1.65	2.88
15 January 2014	0.41	1.68	2.90
16 January 2014	0.41	1.66	2.86
17 January 2014	0.40	1.64	2.84
20 January 2014	ND	ND	ND
21 January 2014	0.40	1.67	2.85
22 January 2014	0.44	1.72	2.87
23 January 2014	0.39	1.62	2.79
24 January 2014	0.37	1.58	2.75
27 January 2014	0.37	1.61	2.78
28 January 2014	0.38	1.59	2.77
29 January 2014	0.36	1.52	2.69
30 January 2014	0.36	1.55	2.72
31 January 2014	0.34	1.49	2.67
3 February 2014	0.30	1.44	2.61
4 February 2014	0.31	1.46	2.64
5 February 2014	0.32	1.50	2.70
6 February 2014	0.33	1.52	2.73
7 February 2014	0.30	1.47	2.71
10 February 2014	0.32	1.48	2.70
11 February 2014	0.35	1.54	2.75
12 February 2014	0.35	1.59	2.80
13 February 2014	0.32	1.51	2.73
14 February 2014	0.32	1.53	2.75
17 February 2014	ND	ND	ND
18 February 2014	0.31	1.50	2.71
19 February 2014	0.33	1.53	2.73
20 February 2014	0.34	1.57	2.76
21 February 2014	0.33	1.56	2.73
24 February 2014	0.35	1.57	2.75
25 February 2014	0.34	1.53	2.70
26 February 2014	0.33	1.50	2.67
27 February 2014	0.33	1.49	2.65
28 February 2014	0.33	1.51	2.66
3 March 2014	0.32	1.46	2.60
4 March 2014	0.33	1.54	2.70
5 March 2014	0.33	1.54	2.70
6 March 2014	0.37	1.57	2.74
7 March 2014	0.38	1.65	2.80
10 March 2014	0.37	1.64	2.79
11 March 2014	0.37	1.62	2.77
12 March 2014	0.37	1.59	2.73
13 March 2014	0.34	1.53	2.66
14 March 2014	0.36	1.55	2.65
17 March 2014	0.38	1.58	2.70
18 March 2014	0.36	1.56	2.68
19 March 2014	0.47	1.75	2.78
20 March 2014	0.45	1.73	2.79
21 March 2014	0.45	1.73	2.75
24 March 2014	0.47	1.76	2.74
25 March 2014	0.47	1.76	2.75
26 March 2014	0.45	1.70	2.71
27 March 2014	0.45	1.70	2.69
28 March 2014	0.45	1.74	2.73
31 March 2014	0.44	1.73	2.73
1 April 2014	0.44	1.74	2.77
2 April 2014	0.47	1.80	2.82
3 April 2014	0.46	1.79	2.80
4 April 2014	0.43	1.71	2.74
7 April 2014	0.41	1.68	2.71
8 April 2014	0.40	1.67	2.69
9 April 2014	0.37	1.65	2.71
10 April 2014	0.37	1.59	2.65
11 April 2014	0.37	1.58	2.63
14 April 2014	0.37	1.61	2.65
15 April 2014	0.39	1.63	2.64
16 April 2014	0.39	1.67	2.65
17 April 2014	0.43	1.75	2.73
18 April 2014	ND	ND	ND
21 April 2014	0.42	1.74	2.73
22 April 2014	0.45	1.76	2.73
23 April 2014	0.43	1.73	2.70
24 April 2014	0.43	1.74	2.70
25 April 2014	0.43	1.72	2.68
28 April 2014	0.44	1.73	2.70
29 April 2014	0.44	1.74	2.71
30 April 2014	0.42	1.69	2.67
1 May 2014	0.41	1.66	2.63
2 May 2014	0.42	1.67	2.60
5 May 2014	0.43	1.68	2.63
6 May 2014	0.43	1.68	2.61
7 May 2014	0.41	1.65	2.62
8 May 2014	0.40	1.63	2.61
9 May 2014	0.40	1.63	2.62
12 May 2014	0.41	1.67	2.66
13 May 2014	0.39	1.62	2.61
14 May 2014	0.39	1.57	2.54
15 May 2014	0.38	1.55	2.50
16 May 2014	0.38	1.56	2.52
19 May 2014	0.36	1.56	2.54
20 May 2014	0.35	1.53	2.52
21 May 2014	0.37	1.55	2.54
22 May 2014	0.37	1.57	2.56
23 May 2014	0.37	1.55	2.54
26 May 2014	ND	ND	ND
27 May 2014	0.39	1.56	2.52
28 May 2014	0.37	1.50	2.44
29 May 2014	0.37	1.52	2.45
30 May 2014	0.37	1.54	2.48
2 June 2014	0.39	1.60	2.54
3 June 2014	0.41	1.65	2.60
4 June 2014	0.41	1.65	2.61
5 June 2014	0.40	1.63	2.59
6 June 2014	0.41	1.66	2.60
9 June 2014	0.43	1.69	2.62
10 June 2014	0.45	1.71	2.64
11 June 2014	0.44	1.70	2.65
12 June 2014	0.42	1.66	2.58
13 June 2014	0.45	1.70	2.60
16 June 2014	0.49	1.71	2.61
17 June 2014	0.51	1.77	2.66
18 June 2014	0.48	1.71	2.61
19 June 2014	0.48	1.71	2.64
20 June 2014	0.50	1.71	2.63
23 June 2014	0.48	1.72	2.63
24 June 2014	0.49	1.70	2.59
25 June 2014	0.48	1.68	2.57
26 June 2014	0.46	1.64	2.53
27 June 2014	0.45	1.64	2.54
30 June 2014	0.47	1.62	2.53
1 July 2014	0.47	1.66	2.58
2 July 2014	0.49	1.71	2.64
3 July 2014	0.52	1.74	2.65
4 July 2014	ND	ND	ND
7 July 2014	0.52	1.74	2.63
8 July 2014	0.51	1.70	2.58
9 July 2014	0.51	1.68	2.57
10 July 2014	0.46	1.66	2.55
11 July 2014	0.48	1.65	2.53
14 July 2014	0.48	1.68	2.55
15 July 2014	0.49	1.70	2.56
16 July 2014	0.50	1.71	2.55
17 July 2014	0.47	1.65	2.47
18 July 2014	0.51	1.69	2.50
21 July 2014	0.51	1.70	2.49
22 July 2014	0.49	1.68	2.48
23 July 2014	0.50	1.67	2.48
24 July 2014	0.53	1.72	2.52
25 July 2014	0.53	1.69	2.48
28 July 2014	0.54	1.73	2.50
29 July 2014	0.54	1.70	2.47
30 July 2014	0.56	1.77	2.57
31 July 2014	0.53	1.76	2.58
1 August 2014	0.47	1.67	2.52
4 August 2014	0.47	1.66	2.51
5 August 2014	0.47	1.66	2.49
6 August 2014	0.48	1.66	2.49
7 August 2014	0.44	1.60	2.43
8 August 2014	0.45	1.62	2.44
11 August 2014	0.47	1.62	2.44
12 August 2014	0.45	1.63	2.46
13 August 2014	0.43	1.59	2.43
14 August 2014	0.42	1.58	2.40
15 August 2014	0.42	1.55	2.34
18 August 2014	0.44	1.58	2.39
19 August 2014	0.46	1.59	2.40
20 August 2014	0.49	1.65	2.43
21 August 2014	0.49	1.64	2.41
22 August 2014	0.53	1.68	2.40
25 August 2014	0.53	1.69	2.39
26 August 2014	0.52	1.68	2.39
27 August 2014	0.51	1.65	2.37
28 August 2014	0.50	1.63	2.34
29 August 2014	0.48	1.63	2.35
1 September 2014	ND	ND	ND
2 September 2014	0.53	1.69	2.42
3 September 2014	0.52	1.69	2.41
4 September 2014	0.54	1.71	2.45
5 September 2014	0.52	1.69	2.46
8 September 2014	0.54	1.72	2.48
9 September 2014	0.56	1.76	2.50
10 September 2014	0.58	1.79	2.54
11 September 2014	0.58	1.79	2.54
12 September 2014	0.58	1.83	2.62
15 September 2014	0.58	1.80	2.60
16 September 2014	0.55	1.78	2.60
17 September 2014	0.59	1.82	2.62
18 September 2014	0.59	1.85	2.63
19 September 2014	0.59	1.83	2.59
22 September 2014	0.58	1.80	2.57
23 September 2014	0.57	1.78	2.54
24 September 2014	0.59	1.82	2.57
25 September 2014	0.56	1.75	2.52
26 September 2014	0.59	1.80	2.54
29 September 2014	0.58	1.77	2.50
30 September 2014	0.58	1.78	2.52
1 October 2014	0.53	1.69	2.42
2 October 2014	0.53	1.70	2.44
3 October 2014	0.57	1.73	2.45
6 October 2014	0.54	1.70	2.43
7 October 2014	0.52	1.64	2.36
8 October 2014	0.46	1.57	2.35
9 October 2014	0.46	1.58	2.34
10 October 2014	0.45	1.55	2.31
13 October 2014	ND	ND	ND
14 October 2014	0.39	1.45	2.21
15 October 2014	0.34	1.37	2.15
16 October 2014	0.35	1.39	2.17
17 October 2014	0.39	1.44	2.22
20 October 2014	0.37	1.41	2.20
21 October 2014	0.38	1.44	2.23
22 October 2014	0.41	1.46	2.25
23 October 2014	0.41	1.52	2.29
24 October 2014	0.41	1.52	2.29
27 October 2014	0.41	1.51	2.27
28 October 2014	0.42	1.53	2.30
29 October 2014	0.48	1.61	2.34
30 October 2014	0.48	1.58	2.32
31 October 2014	0.50	1.62	2.35
3 November 2014	0.52	1.63	2.36
4 November 2014	0.52	1.63	2.35
5 November 2014	0.52	1.63	2.36
6 November 2014	0.54	1.67	2.39
7 November 2014	0.51	1.60	2.32
10 November 2014	0.55	1.65	2.38
11 November 2014	ND	ND	ND
12 November 2014	0.55	1.65	2.37
13 November 2014	0.53	1.64	2.35
14 November 2014	0.54	1.62	2.32
17 November 2014	0.54	1.64	2.34
18 November 2014	0.53	1.63	2.32
19 November 2014	0.54	1.66	2.36
20 November 2014	0.53	1.64	2.34
21 November 2014	0.53	1.63	2.31
24 November 2014	0.53	1.62	2.30
25 November 2014	0.51	1.58	2.27
26 November 2014	0.53	1.56	2.24
27 November 2014	ND	ND	ND
28 November 2014	0.47	1.49	2.18
1 December 2014	0.49	1.52	2.22
2 December 2014	0.55	1.59	2.28
3 December 2014	0.57	1.61	2.29
4 December 2014	0.55	1.59	2.25
5 December 2014	0.65	1.69	2.31
8 December 2014	0.64	1.67	2.26
9 December 2014	0.64	1.63	2.22
10 December 2014	0.59	1.58	2.18
11 December 2014	0.62	1.62	2.19
12 December 2014	0.56	1.53	2.10
15 December 2014	0.60	1.58	2.12
16 December 2014	0.58	1.53	2.07
17 December 2014	0.62	1.61	2.14
18 December 2014	0.67	1.68	2.22
19 December 2014	0.67	1.66	2.17
22 December 2014	0.71	1.67	2.17
23 December 2014	0.73	1.76	2.26
24 December 2014	0.73	1.76	2.27
25 December 2014	ND	ND	ND
26 December 2014	0.73	1.75	2.25
29 December 2014	0.72	1.72	2.22
30 December 2014	0.69	1.68	2.20
31 December 2014	0.67	1.65	2.17
1 January 2015	ND	ND	ND
2 January 2015	0.66	1.61	2.12
5 January 2015	0.68	1.57	2.04
6 January 2015	0.65	1.50	1.97
7 January 2015	0.62	1.47	1.96
8 January 2015	0.62	1.50	2.03
9 January 2015	0.59	1.45	1.98
12 January 2015	0.56	1.39	1.92
13 January 2015	0.54	1.37	1.91
14 January 2015	0.51	1.33	1.86
15 January 2015	0.44	1.22	1.77
16 January 2015	0.49	1.29	1.83
19 January 2015	ND	ND	ND
20 January 2015	0.53	1.31	1.82
21 January 2015	0.53	1.35	1.87
22 January 2015	0.53	1.39	1.90
23 January 2015	0.52	1.33	1.81
26 January 2015	0.54	1.36	1.83
27 January 2015	0.54	1.34	1.83
28 January 2015	0.50	1.25	1.73
29 January 2015	0.51	1.28	1.77
30 January 2015	0.47	1.18	1.68
2 February 2015	0.49	1.19	1.68
3 February 2015	0.52	1.28	1.79
4 February 2015	0.52	1.29	1.81
5 February 2015	0.52	1.30	1.83
6 February 2015	0.65	1.48	1.95
9 February 2015	0.65	1.49	1.96
10 February 2015	0.67	1.52	2.01
11 February 2015	0.67	1.53	2.00
12 February 2015	0.61	1.50	1.99
13 February 2015	0.66	1.53	2.02
16 February 2015	ND	ND	ND
17 February 2015	0.70	1.62	2.14
18 February 2015	0.62	1.52	2.07
19 February 2015	0.67	1.58	2.11
20 February 2015	0.67	1.61	2.13
23 February 2015	0.64	1.56	2.06
24 February 2015	0.60	1.47	1.99
25 February 2015	0.61	1.47	1.96
26 February 2015	0.66	1.54	2.03
27 February 2015	0.63	1.50	2.00
2 March 2015	0.66	1.57	2.08
3 March 2015	0.68	1.61	2.12
4 March 2015	0.66	1.60	2.12
5 March 2015	0.65	1.57	2.11
6 March 2015	0.73	1.70	2.24
9 March 2015	0.70	1.66	2.20
10 March 2015	0.70	1.62	2.14
11 March 2015	0.70	1.60	2.11
12 March 2015	0.67	1.59	2.10
13 March 2015	0.68	1.60	2.13
16 March 2015	0.66	1.57	2.10
17 March 2015	0.70	1.56	2.06
18 March 2015	0.57	1.41	1.93
19 March 2015	0.63	1.48	1.98
20 March 2015	0.60	1.42	1.93
23 March 2015	0.60	1.41	1.92
24 March 2015	0.58	1.37	1.88
25 March 2015	0.59	1.41	1.93
26 March 2015	0.61	1.47	2.01
27 March 2015	0.58	1.42	1.95
30 March 2015	0.58	1.41	1.96
31 March 2015	0.56	1.37	1.94
1 April 2015	0.55	1.32	1.87
2 April 2015	0.55	1.35	1.92
3 April 2015	0.49	1.26	1.85
6 April 2015	0.51	1.31	1.92
7 April 2015	0.52	1.32	1.89
8 April 2015	0.54	1.35	1.92
9 April 2015	0.56	1.40	1.97
10 April 2015	0.57	1.41	1.96
13 April 2015	0.54	1.38	1.94
14 April 2015	0.53	1.34	1.90
15 April 2015	0.51	1.33	1.91
16 April 2015	0.50	1.31	1.90
17 April 2015	0.51	1.31	1.87
20 April 2015	0.55	1.33	1.90
21 April 2015	0.55	1.35	1.92
22 April 2015	0.57	1.41	1.99
23 April 2015	0.55	1.37	1.96
24 April 2015	0.54	1.34	1.93
27 April 2015	0.54	1.36	1.94
28 April 2015	0.56	1.39	2.00
29 April 2015	0.56	1.43	2.06
30 April 2015	0.58	1.43	2.05
1 May 2015	0.60	1.50	2.12
4 May 2015	0.60	1.51	2.16
5 May 2015	0.62	1.54	2.19
6 May 2015	0.65	1.58	2.25
7 May 2015	0.63	1.55	2.18
8 May 2015	0.59	1.50	2.16
11 May 2015	0.62	1.59	2.28
12 May 2015	0.61	1.58	2.28
13 May 2015	0.59	1.57	2.27
14 May 2015	0.56	1.51	2.23
15 May 2015	0.55	1.46	2.14
18 May 2015	0.58	1.54	2.23
19 May 2015	0.63	1.60	2.27
20 May 2015	0.60	1.57	2.26
21 May 2015	0.60	1.53	2.19
22 May 2015	0.64	1.57	2.21
25 May 2015	ND	ND	ND
26 May 2015	0.64	1.54	2.14
27 May 2015	0.64	1.53	2.14
28 May 2015	0.62	1.51	2.13
29 May 2015	0.61	1.49	2.12
1 June 2015	0.64	1.55	2.19
2 June 2015	0.64	1.61	2.27
3 June 2015	0.69	1.69	2.38
4 June 2015	0.66	1.65	2.31
5 June 2015	0.73	1.75	2.41
8 June 2015	0.70	1.72	2.39
9 June 2015	0.72	1.74	2.42
10 June 2015	0.75	1.80	2.50
11 June 2015	0.73	1.74	2.39
12 June 2015	0.74	1.75	2.39
15 June 2015	0.72	1.71	2.36
16 June 2015	0.71	1.68	2.32
17 June 2015	0.67	1.63	2.32
18 June 2015	0.66	1.65	2.35
19 June 2015	0.65	1.59	2.26
22 June 2015	0.68	1.68	2.37
23 June 2015	0.70	1.71	2.42
24 June 2015	0.68	1.69	2.38
25 June 2015	0.68	1.70	2.40
26 June 2015	0.72	1.75	2.49
29 June 2015	0.64	1.62	2.33
30 June 2015	0.64	1.63	2.35
1 July 2015	0.69	1.70	2.43
2 July 2015	0.64	1.64	2.40
3 July 2015	ND	ND	ND
6 July 2015	0.60	1.56	2.30
7 July 2015	0.58	1.55	2.27
8 July 2015	0.55	1.50	2.22
9 July 2015	0.60	1.58	2.32
10 July 2015	0.65	1.68	2.42
13 July 2015	0.69	1.71	2.44
14 July 2015	0.66	1.67	2.41
15 July 2015	0.64	1.63	2.36
16 July 2015	0.67	1.66	2.36
17 July 2015	0.68	1.67	2.34
20 July 2015	0.71	1.72	2.38
21 July 2015	0.71	1.69	2.35
22 July 2015	0.75	1.69	2.33
23 July 2015	0.71	1.65	2.28
24 July 2015	0.70	1.64	2.27
27 July 2015	0.68	1.58	2.23
28 July 2015	0.69	1.61	2.26
29 July 2015	0.70	1.62	2.29
30 July 2015	0.72	1.62	2.28
31 July 2015	0.67	1.54	2.20
3 August 2015	0.68	1.52	2.16
4 August 2015	0.74	1.60	2.23
5 August 2015	0.73	1.65	2.28
6 August 2015	0.71	1.62	2.23
7 August 2015	0.73	1.59	2.18
10 August 2015	0.73	1.62	2.24
11 August 2015	0.68	1.53	2.15
12 August 2015	0.67	1.52	2.14
13 August 2015	0.72	1.58	2.19
14 August 2015	0.73	1.61	2.20
17 August 2015	0.72	1.58	2.16
18 August 2015	0.74	1.60	2.20
19 August 2015	0.67	1.50	2.12
20 August 2015	0.69	1.50	2.09
21 August 2015	0.64	1.44	2.05
24 August 2015	0.59	1.39	2.01
25 August 2015	0.67	1.48	2.12
26 August 2015	0.67	1.49	2.18
27 August 2015	0.68	1.49	2.18
28 August 2015	0.72	1.52	2.19
31 August 2015	0.74	1.54	2.21
1 September 2015	0.70	1.49	2.17
2 September 2015	0.72	1.52	2.20
3 September 2015	0.71	1.49	2.18
4 September 2015	0.71	1.47	2.13
7 September 2015	ND	ND	ND
8 September 2015	0.74	1.53	2.20
9 September 2015	0.75	1.53	2.21
10 September 2015	0.75	1.55	2.23
11 September 2015	0.71	1.52	2.20
14 September 2015	0.73	1.51	2.18
15 September 2015	0.82	1.61	2.28
16 September 2015	0.82	1.62	2.30
17 September 2015	0.70	1.50	2.21
18 September 2015	0.69	1.45	2.13
21 September 2015	0.72	1.51	2.20
22 September 2015	0.69	1.44	2.14
23 September 2015	0.70	1.47	2.16
24 September 2015	0.67	1.44	2.13
25 September 2015	0.70	1.48	2.17
28 September 2015	0.67	1.42	2.10
29 September 2015	0.64	1.37	2.05
30 September 2015	0.64	1.37	2.06
1 October 2015	0.64	1.37	2.05
2 October 2015	0.58	1.29	1.99
5 October 2015	0.61	1.35	2.07
6 October 2015	0.61	1.34	2.05
7 October 2015	0.65	1.37	2.08
8 October 2015	0.65	1.40	2.12
9 October 2015	0.65	1.41	2.12
12 October 2015	ND	ND	ND
13 October 2015	0.64	1.36	2.06
14 October 2015	0.57	1.29	1.99
15 October 2015	0.61	1.34	2.04
16 October 2015	0.61	1.36	2.04
19 October 2015	0.61	1.35	2.04
20 October 2015	0.66	1.40	2.08
21 October 2015	0.64	1.37	2.04
22 October 2015	0.61	1.36	2.04
23 October 2015	0.66	1.43	2.09
26 October 2015	0.66	1.41	2.07
27 October 2015	0.65	1.38	2.05
28 October 2015	0.73	1.47	2.10
29 October 2015	0.75	1.53	2.19
30 October 2015	0.75	1.52	2.16
2 November 2015	0.77	1.57	2.20
3 November 2015	0.80	1.59	2.23
4 November 2015	0.84	1.64	2.25
5 November 2015	0.85	1.65	2.26
6 November 2015	0.90	1.73	2.34
9 November 2015	0.89	1.75	2.36
10 November 2015	0.87	1.72	2.32
11 November 2015	ND	ND	ND
12 November 2015	0.89	1.73	2.32
13 November 2015	0.86	1.67	2.28
16 November 2015	0.88	1.66	2.27
17 November 2015	0.86	1.66	2.25
18 November 2015	0.90	1.69	2.27
19 November 2015	0.91	1.68	2.24
20 November 2015	0.93	1.70	2.26
23 November 2015	0.94	1.70	2.25
24 November 2015	0.93	1.66	2.24
25 November 2015	0.93	1.66	2.23
26 November 2015	ND	ND	ND
27 November 2015	0.92	1.64	2.22
30 November 2015	0.94	1.65	2.21
1 December 2015	0.91	1.59	2.15
2 December 2015	0.94	1.63	2.18
3 December 2015	0.96	1.74	2.33
4 December 2015	0.96	1.71	2.28
7 December 2015	0.94	1.67	2.23
8 December 2015	0.94	1.68	2.24
9 December 2015	0.93	1.64	2.22
10 December 2015	0.95	1.68	2.24
11 December 2015	0.88	1.56	2.13
14 December 2015	0.97	1.66	2.23
15 December 2015	0.98	1.71	2.28
16 December 2015	1.02	1.75	2.30
17 December 2015	1.00	1.73	2.24
18 December 2015	0.97	1.67	2.19
21 December 2015	0.96	1.67	2.20
22 December 2015	0.99	1.71	2.24
23 December 2015	1.01	1.74	2.27
24 December 2015	1.03	1.73	2.25
25 December 2015	ND	ND	ND
28 December 2015	1.05	1.73	2.24
29 December 2015	1.09	1.81	2.32
30 December 2015	1.08	1.80	2.31
31 December 2015	1.06	1.76	2.27
1 January 2016	ND	ND	ND
4 January 2016	1.02	1.73	2.24
5 January 2016	1.04	1.73	2.25
6 January 2016	0.99	1.65	2.18
7 January 2016	0.96	1.61	2.16
8 January 2016	0.94	1.57	2.13
11 January 2016	0.94	1.58	2.17
12 January 2016	0.93	1.55	2.12
13 January 2016	0.91	1.51	2.08
14 January 2016	0.90	1.52	2.10
15 January 2016	0.85	1.46	2.03
18 January 2016	ND	ND	ND
19 January 2016	0.88	1.49	2.06
20 January 2016	0.85	1.44	2.01
21 January 2016	0.84	1.44	2.02
22 January 2016	0.88	1.49	2.07
25 January 2016	0.88	1.47	2.03
26 January 2016	0.85	1.45	2.01
27 January 2016	0.84	1.43	2.02
28 January 2016	0.83	1.40	2.00
29 January 2016	0.76	1.33	1.94
1 February 2016	0.81	1.38	1.97
2 February 2016	0.75	1.28	1.87
3 February 2016	0.72	1.27	1.88
4 February 2016	0.70	1.25	1.87
5 February 2016	0.74	1.25	1.86
8 February 2016	0.66	1.16	1.75
9 February 2016	0.69	1.15	1.74
10 February 2016	0.71	1.15	1.71
11 February 2016	0.64	1.11	1.63
12 February 2016	0.71	1.20	1.74
15 February 2016	ND	ND	ND
16 February 2016	0.74	1.23	1.78
17 February 2016	0.74	1.26	1.81
18 February 2016	0.71	1.21	1.75
19 February 2016	0.76	1.24	1.76
22 February 2016	0.78	1.25	1.77
23 February 2016	0.76	1.23	1.74
24 February 2016	0.75	1.21	1.75
25 February 2016	0.72	1.16	1.71
26 February 2016	0.80	1.23	1.76
29 February 2016	0.78	1.22	1.74
1 March 2016	0.85	1.31	1.83
2 March 2016	0.85	1.34	1.84
3 March 2016	0.85	1.33	1.83
4 March 2016	0.88	1.38	1.88
7 March 2016	0.91	1.42	1.91
8 March 2016	0.88	1.34	1.83
9 March 2016	0.90	1.39	1.90
10 March 2016	0.93	1.45	1.93
11 March 2016	0.97	1.49	1.98
14 March 2016	0.97	1.49	1.97
15 March 2016	0.98	1.50	1.97
16 March 2016	0.87	1.41	1.94
17 March 2016	0.87	1.39	1.91
18 March 2016	0.84	1.34	1.88
21 March 2016	0.87	1.38	1.92
22 March 2016	0.91	1.42	1.94
23 March 2016	0.87	1.37	1.88
24 March 2016	0.89	1.39	1.91
25 March 2016	ND	ND	ND
28 March 2016	0.89	1.37	1.89
29 March 2016	0.78	1.29	1.81
30 March 2016	0.76	1.26	1.83
31 March 2016	0.73	1.21	1.78
1 April 2016	0.76	1.24	1.79
4 April 2016	0.75	1.22	1.78
5 April 2016	0.72	1.17	1.73
6 April 2016	0.73	1.20	1.76
7 April 2016	0.70	1.14	1.70
8 April 2016	0.70	1.16	1.72
11 April 2016	0.70	1.16	1.73
12 April 2016	0.74	1.22	1.79
13 April 2016	0.75	1.22	1.77
14 April 2016	0.77	1.26	1.80
15 April 2016	0.74	1.22	1.76
18 April 2016	0.75	1.24	1.78
19 April 2016	0.77	1.26	1.79
20 April 2016	0.80	1.32	1.85
21 April 2016	0.82	1.35	1.88
22 April 2016	0.84	1.37	1.89
25 April 2016	0.85	1.38	1.91
26 April 2016	0.86	1.40	1.94
27 April 2016	0.83	1.33	1.87
28 April 2016	0.78	1.28	1.84
29 April 2016	0.77	1.28	1.83
2 May 2016	0.80	1.32	1.88
3 May 2016	0.75	1.25	1.81
4 May 2016	0.75	1.23	1.79
5 May 2016	0.72	1.20	1.76
6 May 2016	0.74	1.23	1.79
9 May 2016	0.72	1.20	1.77
10 May 2016	0.72	1.20	1.77
11 May 2016	0.74	1.20	1.73
12 May 2016	0.76	1.24	1.75
13 May 2016	0.76	1.22	1.71
16 May 2016	0.79	1.26	1.75
17 May 2016	0.82	1.29	1.76
18 May 2016	0.90	1.41	1.87
19 May 2016	0.89	1.38	1.85
20 May 2016	0.89	1.38	1.85
23 May 2016	0.91	1.38	1.84
24 May 2016	0.92	1.41	1.86
25 May 2016	0.92	1.40	1.87
26 May 2016	0.87	1.35	1.83
27 May 2016	0.90	1.39	1.85
30 May 2016	ND	ND	ND
31 May 2016	0.87	1.37	1.84
1 June 2016	0.91	1.39	1.85
2 June 2016	0.89	1.36	1.81
3 June 2016	0.78	1.23	1.71
6 June 2016	0.80	1.25	1.73
7 June 2016	0.78	1.23	1.72
8 June 2016	0.78	1.23	1.71
9 June 2016	0.77	1.22	1.68
10 June 2016	0.73	1.17	1.64
13 June 2016	0.73	1.14	1.62
14 June 2016	0.74	1.15	1.62
15 June 2016	0.69	1.10	1.60
16 June 2016	0.70	1.10	1.57
17 June 2016	0.70	1.13	1.62
20 June 2016	0.74	1.17	1.67
21 June 2016	0.76	1.22	1.71
22 June 2016	0.75	1.20	1.69
23 June 2016	0.78	1.25	1.74
24 June 2016	0.64	1.08	1.57
27 June 2016	0.61	1.00	1.46
28 June 2016	0.61	1.00	1.46
29 June 2016	0.62	1.03	1.50
30 June 2016	0.58	1.01	1.49
1 July 2016	0.59	1.00	1.46
4 July 2016	ND	ND	ND
5 July 2016	0.56	0.94	1.37
6 July 2016	0.58	0.95	1.38
7 July 2016	0.58	0.97	1.40
8 July 2016	0.61	0.95	1.37
11 July 2016	0.66	1.03	1.43
12 July 2016	0.69	1.10	1.53
13 July 2016	0.68	1.07	1.48
14 July 2016	0.68	1.10	1.53
15 July 2016	0.71	1.15	1.60
18 July 2016	0.68	1.14	1.59
19 July 2016	0.70	1.12	1.56
20 July 2016	0.73	1.15	1.59
21 July 2016	0.70	1.11	1.57
22 July 2016	0.71	1.13	1.57
25 July 2016	0.72	1.15	1.58
26 July 2016	0.75	1.15	1.57
27 July 2016	0.73	1.10	1.52
28 July 2016	0.72	1.09	1.52
29 July 2016	0.67	1.03	1.46
1 August 2016	0.67	1.06	1.51
2 August 2016	0.67	1.07	1.55
3 August 2016	0.67	1.07	1.55
4 August 2016	0.64	1.03	1.51
5 August 2016	0.72	1.13	1.59
8 August 2016	0.74	1.15	1.59
9 August 2016	0.71	1.11	1.55
10 August 2016	0.69	1.07	1.50
11 August 2016	0.76	1.16	1.57
12 August 2016	0.71	1.10	1.51
15 August 2016	0.72	1.14	1.55
16 August 2016	0.76	1.16	1.57
17 August 2016	0.74	1.15	1.56
18 August 2016	0.71	1.12	1.53
19 August 2016	0.76	1.17	1.58
22 August 2016	0.76	1.15	1.55
23 August 2016	0.74	1.15	1.55
24 August 2016	0.76	1.13	1.56
25 August 2016	0.78	1.16	1.58
26 August 2016	0.84	1.23	1.62
29 August 2016	0.81	1.18	1.57
30 August 2016	0.80	1.18	1.57
31 August 2016	0.80	1.19	1.58
1 September 2016	0.78	1.18	1.57
2 September 2016	0.80	1.20	1.60
5 September 2016	ND	ND	ND
6 September 2016	0.74	1.13	1.55
7 September 2016	0.74	1.12	1.54
8 September 2016	0.78	1.19	1.61
9 September 2016	0.79	1.23	1.67
12 September 2016	0.79	1.21	1.68
13 September 2016	0.80	1.26	1.73
14 September 2016	0.77	1.21	1.70
15 September 2016	0.74	1.20	1.71
16 September 2016	0.77	1.21	1.70
19 September 2016	0.79	1.22	1.70
20 September 2016	0.79	1.20	1.69
21 September 2016	0.79	1.20	1.66
22 September 2016	0.79	1.18	1.63
23 September 2016	0.77	1.16	1.62
26 September 2016	0.76	1.13	1.59
27 September 2016	0.75	1.12	1.56
28 September 2016	0.75	1.13	1.57
29 September 2016	0.73	1.12	1.56
30 September 2016	0.77	1.14	1.60
3 October 2016	0.80	1.18	1.63
4 October 2016	0.82	1.22	1.69
5 October 2016	0.85	1.26	1.72
6 October 2016	0.86	1.28	1.75
7 October 2016	0.83	1.26	1.73
10 October 2016	ND	ND	ND
11 October 2016	0.87	1.30	1.77
12 October 2016	0.87	1.31	1.79
13 October 2016	0.85	1.27	1.75
14 October 2016	0.84	1.28	1.80
17 October 2016	0.81	1.26	1.77
18 October 2016	0.82	1.24	1.75
19 October 2016	0.81	1.24	1.76
20 October 2016	0.84	1.26	1.76
21 October 2016	0.84	1.25	1.74
24 October 2016	0.84	1.27	1.77
25 October 2016	0.86	1.29	1.77
26 October 2016	0.86	1.30	1.79
27 October 2016	0.87	1.33	1.85
28 October 2016	0.86	1.33	1.86
31 October 2016	0.86	1.31	1.84
1 November 2016	0.83	1.30	1.83
2 November 2016	0.81	1.26	1.81
3 November 2016	0.81	1.26	1.82
4 November 2016	0.80	1.24	1.79
7 November 2016	0.82	1.29	1.83
8 November 2016	0.87	1.34	1.88
9 November 2016	0.90	1.49	2.07
10 November 2016	0.92	1.56	2.15
11 November 2016	ND	ND	ND
14 November 2016	1.00	1.66	2.23
15 November 2016	1.02	1.68	2.23
16 November 2016	1.00	1.68	2.22
17 November 2016	1.04	1.73	2.29
18 November 2016	1.07	1.80	2.34
21 November 2016	1.08	1.79	2.33
22 November 2016	1.07	1.77	2.31
23 November 2016	1.12	1.83	2.36
24 November 2016	ND	ND	ND
25 November 2016	1.12	1.83	2.36
28 November 2016	1.11	1.80	2.32
29 November 2016	1.09	1.78	2.30
30 November 2016	1.11	1.83	2.37
1 December 2016	1.14	1.90	2.45
2 December 2016	1.11	1.84	2.40
5 December 2016	1.13	1.84	2.39
6 December 2016	1.12	1.84	2.39
7 December 2016	1.10	1.80	2.34
8 December 2016	1.12	1.83	2.40
9 December 2016	1.15	1.89	2.47
12 December 2016	1.15	1.90	2.49
13 December 2016	1.17	1.92	2.48
14 December 2016	1.27	2.02	2.54
15 December 2016	1.29	2.10	2.60
16 December 2016	1.28	2.07	2.60
19 December 2016	1.24	2.03	2.54
20 December 2016	1.25	2.06	2.57
21 December 2016	1.21	2.04	2.55
22 December 2016	1.22	2.04	2.55
23 December 2016	1.22	2.04	2.55
26 December 2016	ND	ND	ND
27 December 2016	1.28	2.07	2.57
28 December 2016	1.26	2.02	2.51
29 December 2016	1.22	1.96	2.49
30 December 2016	1.20	1.93	2.45
2 January 2017	ND	ND	ND
3 January 2017	1.22	1.94	2.45
4 January 2017	1.24	1.94	2.46
5 January 2017	1.17	1.86	2.37
6 January 2017	1.22	1.92	2.42
9 January 2017	1.21	1.89	2.38
10 January 2017	1.19	1.89	2.38
11 January 2017	1.20	1.89	2.38
12 January 2017	1.18	1.87	2.36
13 January 2017	1.21	1.90	2.40
16 January 2017	ND	ND	ND
17 January 2017	1.17	1.84	2.33
18 January 2017	1.23	1.93	2.42
19 January 2017	1.25	1.97	2.47
20 January 2017	1.20	1.95	2.48
23 January 2017	1.16	1.88	2.41
24 January 2017	1.21	1.94	2.47
25 January 2017	1.23	1.99	2.53
26 January 2017	1.21	1.95	2.51
27 January 2017	1.22	1.94	2.49
30 January 2017	1.22	1.94	2.49
31 January 2017	1.19	1.90	2.45
1 February 2017	1.22	1.93	2.48
2 February 2017	1.21	1.92	2.48
3 February 2017	1.21	1.93	2.49
6 February 2017	1.16	1.86	2.42
7 February 2017	1.16	1.85	2.40
8 February 2017	1.15	1.81	2.34
9 February 2017	1.20	1.88	2.40
10 February 2017	1.20	1.89	2.41
13 February 2017	1.20	1.92	2.43
14 February 2017	1.25	1.98	2.47
15 February 2017	1.27	2.01	2.51
16 February 2017	1.22	1.95	2.45
17 February 2017	1.21	1.92	2.42
20 February 2017	ND	ND	ND
21 February 2017	1.22	1.93	2.43
22 February 2017	1.22	1.92	2.42
23 February 2017	1.18	1.87	2.38
24 February 2017	1.12	1.80	2.31
27 February 2017	1.20	1.87	2.36
28 February 2017	1.22	1.89	2.36
1 March 2017	1.29	1.99	2.46
2 March 2017	1.32	2.03	2.49
3 March 2017	1.32	2.02	2.49
6 March 2017	1.31	2.02	2.49
7 March 2017	1.32	2.05	2.52
8 March 2017	1.36	2.08	2.57
9 March 2017	1.37	2.13	2.60
10 March 2017	1.36	2.11	2.58
13 March 2017	1.40	2.14	2.62
14 March 2017	1.40	2.13	2.60
15 March 2017	1.33	2.02	2.51
16 March 2017	1.35	2.05	2.53
17 March 2017	1.33	2.03	2.50
20 March 2017	1.30	2.00	2.47
21 March 2017	1.27	1.96	2.43
22 March 2017	1.27	1.95	2.40
23 March 2017	1.26	1.95	2.41
24 March 2017	1.26	1.93	2.40
27 March 2017	1.27	1.93	2.38
28 March 2017	1.30	1.97	2.42
29 March 2017	1.26	1.93	2.39
30 March 2017	1.28	1.96	2.42
31 March 2017	1.27	1.93	2.40
3 April 2017	1.24	1.88	2.35
4 April 2017	1.25	1.88	2.36
5 April 2017	1.24	1.85	2.34
6 April 2017	1.24	1.87	2.34
7 April 2017	1.29	1.92	2.38
10 April 2017	1.29	1.91	2.37
11 April 2017	1.24	1.84	2.32
12 April 2017	1.24	1.81	2.28
13 April 2017	1.21	1.77	2.24
14 April 2017	ND	ND	ND
17 April 2017	1.21	1.79	2.26
18 April 2017	1.18	1.71	2.18
19 April 2017	1.19	1.74	2.21
20 April 2017	1.21	1.78	2.24
21 April 2017	1.20	1.77	2.24
24 April 2017	1.25	1.81	2.28
25 April 2017	1.29	1.87	2.35
26 April 2017	1.28	1.84	2.32
27 April 2017	1.25	1.81	2.30
28 April 2017	1.28	1.81	2.29
1 May 2017	1.28	1.84	2.33
2 May 2017	1.27	1.81	2.29
3 May 2017	1.30	1.86	2.33
4 May 2017	1.32	1.88	2.36
5 May 2017	1.32	1.89	2.36
8 May 2017	1.33	1.91	2.39
9 May 2017	1.37	1.94	2.42
10 May 2017	1.35	1.94	2.41
11 May 2017	1.35	1.93	2.39
12 May 2017	1.29	1.85	2.33
15 May 2017	1.31	1.86	2.34
16 May 2017	1.29	1.86	2.33
17 May 2017	1.26	1.76	2.22
18 May 2017	1.27	1.78	2.23
19 May 2017	1.28	1.79	2.23
22 May 2017	1.29	1.80	2.25
23 May 2017	1.31	1.84	2.29
24 May 2017	1.29	1.79	2.26
25 May 2017	1.30	1.78	2.25
26 May 2017	1.30	1.79	2.25
29 May 2017	ND	ND	ND
30 May 2017	1.28	1.76	2.21
31 May 2017	1.28	1.75	2.21
1 June 2017	1.28	1.76	2.21
2 June 2017	1.28	1.71	2.15
5 June 2017	1.32	1.74	2.18
6 June 2017	1.30	1.71	2.14
7 June 2017	1.32	1.74	2.18
8 June 2017	1.33	1.75	2.19
9 June 2017	1.35	1.77	2.21
12 June 2017	1.35	1.78	2.21
13 June 2017	1.38	1.79	2.21
14 June 2017	1.35	1.74	2.15
15 June 2017	1.35	1.76	2.16
16 June 2017	1.32	1.75	2.16
19 June 2017	1.36	1.80	2.19
20 June 2017	1.36	1.77	2.16
21 June 2017	1.36	1.78	2.16
22 June 2017	1.34	1.76	2.15
23 June 2017	1.34	1.77	2.15
26 June 2017	1.36	1.77	2.14
27 June 2017	1.38	1.83	2.21
28 June 2017	1.34	1.81	2.22
29 June 2017	1.38	1.85	2.27
30 June 2017	1.38	1.89	2.31
3 July 2017	1.41	1.93	2.35
4 July 2017	ND	ND	ND
5 July 2017	1.41	1.92	2.33
6 July 2017	1.40	1.94	2.37
7 July 2017	1.40	1.95	2.39
10 July 2017	1.40	1.93	2.38
11 July 2017	1.37	1.92	2.37
12 July 2017	1.35	1.88	2.33
13 July 2017	1.37	1.89	2.35
14 July 2017	1.35	1.87	2.33
17 July 2017	1.36	1.86	2.31
18 July 2017	1.36	1.82	2.27
19 July 2017	1.37	1.83	2.27
20 July 2017	1.37	1.82	2.27
21 July 2017	1.36	1.81	2.24
24 July 2017	1.37	1.83	2.26
25 July 2017	1.40	1.90	2.33
26 July 2017	1.36	1.83	2.29
27 July 2017	1.36	1.84	2.32
28 July 2017	1.34	1.83	2.30
31 July 2017	1.34	1.84	2.30
1 August 2017	1.34	1.80	2.26
2 August 2017	1.36	1.82	2.27
3 August 2017	1.34	1.79	2.24
4 August 2017	1.36	1.82	2.27
7 August 2017	1.36	1.81	2.26
8 August 2017	1.36	1.84	2.29
9 August 2017	1.33	1.81	2.24
10 August 2017	1.33	1.78	2.20
11 August 2017	1.30	1.74	2.19
14 August 2017	1.33	1.77	2.22
15 August 2017	1.35	1.83	2.27
16 August 2017	1.33	1.79	2.23
17 August 2017	1.32	1.76	2.19
18 August 2017	1.33	1.77	2.19
21 August 2017	1.32	1.76	2.18
22 August 2017	1.33	1.80	2.22
23 August 2017	1.32	1.76	2.17
24 August 2017	1.33	1.78	2.19
25 August 2017	1.35	1.77	2.17
28 August 2017	1.33	1.74	2.16
29 August 2017	1.33	1.70	2.13
30 August 2017	1.33	1.72	2.15
31 August 2017	1.33	1.70	2.12
1 September 2017	1.35	1.73	2.16
4 September 2017	ND	ND	ND
5 September 2017	1.30	1.65	2.07
6 September 2017	1.30	1.69	2.10
7 September 2017	1.27	1.63	2.05
8 September 2017	1.27	1.64	2.06
11 September 2017	1.32	1.71	2.14
12 September 2017	1.33	1.75	2.17
13 September 2017	1.35	1.78	2.20
14 September 2017	1.37	1.79	2.20
15 September 2017	1.39	1.81	2.20
18 September 2017	1.40	1.83	2.23
19 September 2017	1.40	1.84	2.24
20 September 2017	1.45	1.89	2.28
21 September 2017	1.45	1.89	2.27
22 September 2017	1.46	1.88	2.26
25 September 2017	1.44	1.85	2.22
26 September 2017	1.45	1.87	2.24
27 September 2017	1.47	1.91	2.31
28 September 2017	1.45	1.89	2.31
29 September 2017	1.47	1.92	2.33
2 October 2017	1.49	1.94	2.34
3 October 2017	1.47	1.92	2.33
4 October 2017	1.47	1.92	2.33
5 October 2017	1.49	1.94	2.35
6 October 2017	1.54	1.97	2.37
9 October 2017	ND	ND	ND
10 October 2017	1.51	1.95	2.35
11 October 2017	1.51	1.95	2.35
12 October 2017	1.51	1.95	2.33
13 October 2017	1.51	1.91	2.28
16 October 2017	1.54	1.95	2.30
17 October 2017	1.54	1.97	2.30
18 October 2017	1.59	1.99	2.34
19 October 2017	1.58	1.98	2.33
20 October 2017	1.60	2.03	2.39
23 October 2017	1.58	2.01	2.38
24 October 2017	1.60	2.05	2.42
25 October 2017	1.61	2.06	2.44
26 October 2017	1.63	2.07	2.46
27 October 2017	1.59	2.03	2.42
30 October 2017	1.58	2.00	2.37
31 October 2017	1.60	2.01	2.38
1 November 2017	1.61	2.01	2.37
2 November 2017	1.61	2.00	2.35
3 November 2017	1.63	1.99	2.34
6 November 2017	1.61	1.99	2.32
7 November 2017	1.63	1.99	2.32
8 November 2017	1.65	2.01	2.32
9 November 2017	1.63	2.01	2.33
10 November 2017	1.67	2.06	2.40
13 November 2017	1.70	2.08	2.40
14 November 2017	1.68	2.06	2.38
15 November 2017	1.68	2.04	2.33
16 November 2017	1.72	2.07	2.37
17 November 2017	1.73	2.06	2.35
20 November 2017	1.77	2.09	2.37
21 November 2017	1.77	2.11	2.36
22 November 2017	1.74	2.05	2.32
23 November 2017	ND	ND	ND
24 November 2017	1.75	2.07	2.34
27 November 2017	1.74	2.06	2.32
28 November 2017	1.75	2.07	2.34
29 November 2017	1.78	2.09	2.37
30 November 2017	1.78	2.14	2.42
1 December 2017	1.78	2.13	2.37
4 December 2017	1.80	2.15	2.37
5 December 2017	1.83	2.15	2.36
6 December 2017	1.78	2.11	2.33
7 December 2017	1.80	2.14	2.37
8 December 2017	1.80	2.14	2.38
11 December 2017	1.82	2.16	2.39
12 December 2017	1.83	2.18	2.40
13 December 2017	1.79	2.12	2.36
14 December 2017	1.82	2.14	2.35
15 December 2017	1.84	2.16	2.35
18 December 2017	1.84	2.17	2.39
19 December 2017	1.87	2.23	2.46
20 December 2017	1.87	2.24	2.49
21 December 2017	1.89	2.26	2.48
22 December 2017	1.91	2.26	2.48
25 December 2017	ND	ND	ND
26 December 2017	1.92	2.25	2.47
27 December 2017	1.89	2.22	2.42
28 December 2017	1.91	2.23	2.43
29 December 2017	1.89	2.20	2.40
1 January 2018	ND	ND	ND
2 January 2018	1.92	2.25	2.46
3 January 2018	1.94	2.25	2.44
4 January 2018	1.96	2.27	2.46
5 January 2018	1.96	2.29	2.47
8 January 2018	1.96	2.29	2.49
9 January 2018	1.98	2.33	2.55
10 January 2018	1.98	2.32	2.55
11 January 2018	1.98	2.32	2.54
12 January 2018	1.99	2.35	2.55
15 January 2018	ND	ND	ND
16 January 2018	2.03	2.36	2.54
17 January 2018	2.05	2.39	2.57
18 January 2018	2.05	2.43	2.62
19 January 2018	2.06	2.45	2.64
22 January 2018	2.08	2.46	2.66
23 January 2018	2.06	2.43	2.63
24 January 2018	2.08	2.43	2.65
25 January 2018	2.08	2.41	2.63
26 January 2018	2.13	2.47	2.66
29 January 2018	2.11	2.49	2.70
30 January 2018	2.13	2.51	2.73
31 January 2018	2.14	2.52	2.72
1 February 2018	2.16	2.56	2.78
2 February 2018	2.15	2.58	2.84
5 February 2018	2.08	2.50	2.77
6 February 2018	2.10	2.52	2.79
7 February 2018	2.15	2.57	2.84
8 February 2018	2.13	2.57	2.85
9 February 2018	2.05	2.52	2.83
12 February 2018	2.09	2.56	2.86
13 February 2018	2.10	2.54	2.83
14 February 2018	2.17	2.65	2.91
15 February 2018	2.19	2.65	2.90
16 February 2018	2.21	2.63	2.87
19 February 2018	ND	ND	ND
20 February 2018	2.25	2.65	2.88
21 February 2018	2.26	2.69	2.94
22 February 2018	2.25	2.66	2.92
23 February 2018	2.25	2.62	2.88
26 February 2018	2.22	2.60	2.86
27 February 2018	2.27	2.67	2.90
28 February 2018	2.25	2.65	2.87
1 March 2018	2.22	2.58	2.81
2 March 2018	2.25	2.63	2.86
5 March 2018	2.24	2.65	2.88
6 March 2018	2.25	2.65	2.88
7 March 2018	2.25	2.65	2.89
8 March 2018	2.25	2.63	2.86
9 March 2018	2.27	2.65	2.90
12 March 2018	2.27	2.64	2.87
13 March 2018	2.26	2.62	2.84
14 March 2018	2.26	2.61	2.81
15 March 2018	2.29	2.62	2.82
16 March 2018	2.31	2.65	2.85
19 March 2018	2.31	2.65	2.85
20 March 2018	2.34	2.69	2.89
21 March 2018	2.31	2.69	2.89
22 March 2018	2.29	2.63	2.83
23 March 2018	2.28	2.61	2.82
26 March 2018	2.33	2.64	2.85
27 March 2018	2.26	2.58	2.78
28 March 2018	2.28	2.59	2.77
29 March 2018	2.27	2.56	2.74
30 March 2018	ND	ND	ND
2 April 2018	2.25	2.55	2.73
3 April 2018	2.28	2.60	2.79
4 April 2018	2.28	2.61	2.79
5 April 2018	2.30	2.64	2.83
6 April 2018	2.27	2.58	2.77
9 April 2018	2.29	2.60	2.78
10 April 2018	2.32	2.62	2.80
11 April 2018	2.32	2.62	2.79
12 April 2018	2.34	2.67	2.83
13 April 2018	2.37	2.67	2.82
16 April 2018	2.39	2.69	2.83
17 April 2018	2.41	2.68	2.82
18 April 2018	2.42	2.73	2.87
19 April 2018	2.44	2.77	2.92
20 April 2018	2.46	2.80	2.96
23 April 2018	2.49	2.83	2.98
24 April 2018	2.48	2.83	3.00
25 April 2018	2.49	2.84	3.03
26 April 2018	2.49	2.82	3.00
27 April 2018	2.49	2.80	2.96
30 April 2018	2.49	2.79	2.95
1 May 2018	2.50	2.82	2.97
2 May 2018	2.49	2.80	2.97
3 May 2018	2.49	2.78	2.94
4 May 2018	2.51	2.78	2.95
7 May 2018	2.49	2.78	2.95
8 May 2018	2.51	2.81	2.97
9 May 2018	2.54	2.84	3.00
10 May 2018	2.54	2.83	2.97
11 May 2018	2.54	2.84	2.97
14 May 2018	2.55	2.85	3.00
15 May 2018	2.58	2.92	3.08
16 May 2018	2.58	2.94	3.09
17 May 2018	2.57	2.94	3.11
18 May 2018	2.55	2.90	3.06
21 May 2018	2.58	2.90	3.06
22 May 2018	2.59	2.90	3.06
23 May 2018	2.53	2.83	3.01
24 May 2018	2.50	2.82	2.98
25 May 2018	2.48	2.76	2.93
28 May 2018	ND	ND	ND
29 May 2018	2.32	2.58	2.77
30 May 2018	2.42	2.67	2.84
31 May 2018	2.40	2.68	2.83
1 June 2018	2.47	2.74	2.89
4 June 2018	2.52	2.78	2.94
5 June 2018	2.49	2.76	2.92
6 June 2018	2.52	2.81	2.97
7 June 2018	2.50	2.77	2.93
8 June 2018	2.50	2.77	2.93
11 June 2018	2.52	2.80	2.96
12 June 2018	2.54	2.81	2.96
13 June 2018	2.59	2.85	2.98
14 June 2018	2.59	2.81	2.94
15 June 2018	2.55	2.81	2.93
18 June 2018	2.56	2.80	2.92
19 June 2018	2.54	2.77	2.89
20 June 2018	2.56	2.80	2.93
21 June 2018	2.56	2.77	2.90
22 June 2018	2.56	2.77	2.90
25 June 2018	2.54	2.75	2.87
26 June 2018	2.53	2.75	2.88
27 June 2018	2.52	2.71	2.83
28 June 2018	2.52	2.73	2.84
29 June 2018	2.52	2.73	2.85
2 July 2018	2.57	2.75	2.87
3 July 2018	2.53	2.72	2.83
4 July 2018	ND	ND	ND
5 July 2018	2.55	2.74	2.84
6 July 2018	2.53	2.71	2.82
9 July 2018	2.57	2.75	2.86
10 July 2018	2.59	2.77	2.87
11 July 2018	2.58	2.74	2.85
12 July 2018	2.60	2.75	2.85
13 July 2018	2.59	2.73	2.83
16 July 2018	2.59	2.75	2.85
17 July 2018	2.62	2.76	2.86
18 July 2018	2.60	2.77	2.88
19 July 2018	2.60	2.74	2.84
20 July 2018	2.60	2.77	2.89
23 July 2018	2.64	2.83	2.96
24 July 2018	2.63	2.83	2.95
25 July 2018	2.66	2.82	2.94
26 July 2018	2.69	2.86	2.98
27 July 2018	2.67	2.84	2.96
30 July 2018	2.66	2.85	2.98
31 July 2018	2.67	2.85	2.96
1 August 2018	2.67	2.87	3.00
2 August 2018	2.66	2.85	2.98
3 August 2018	2.63	2.82	2.95
6 August 2018	2.64	2.80	2.94
7 August 2018	2.68	2.84	2.98
8 August 2018	2.68	2.83	2.96
9 August 2018	2.64	2.80	2.93
10 August 2018	2.61	2.75	2.87
13 August 2018	2.61	2.75	2.88
14 August 2018	2.63	2.77	2.89
15 August 2018	2.61	2.73	2.86
16 August 2018	2.63	2.75	2.87
17 August 2018	2.61	2.75	2.87
20 August 2018	2.60	2.70	2.82
21 August 2018	2.61	2.73	2.85
22 August 2018	2.60	2.70	2.82
23 August 2018	2.61	2.72	2.82
24 August 2018	2.63	2.72	2.82
27 August 2018	2.67	2.74	2.85
28 August 2018	2.67	2.77	2.88
29 August 2018	2.67	2.78	2.89
30 August 2018	2.64	2.75	2.86
31 August 2018	2.62	2.74	2.86
3 September 2018	ND	ND	ND
4 September 2018	2.66	2.78	2.90
5 September 2018	2.66	2.77	2.90
6 September 2018	2.64	2.76	2.88
7 September 2018	2.71	2.82	2.94
10 September 2018	2.73	2.83	2.94
11 September 2018	2.76	2.87	2.98
12 September 2018	2.74	2.87	2.97
13 September 2018	2.76	2.87	2.97
14 September 2018	2.78	2.90	2.99
17 September 2018	2.78	2.89	2.99
18 September 2018	2.81	2.94	3.05
19 September 2018	2.81	2.96	3.08
20 September 2018	2.81	2.96	3.07
21 September 2018	2.81	2.95	3.07
24 September 2018	2.83	2.96	3.08
25 September 2018	2.83	2.99	3.10
26 September 2018	2.83	2.96	3.06
27 September 2018	2.83	2.96	3.06
28 September 2018	2.81	2.94	3.05
1 October 2018	2.82	2.96	3.09
2 October 2018	2.82	2.94	3.05
3 October 2018	2.85	3.02	3.15
4 October 2018	2.87	3.05	3.19
5 October 2018	2.88	3.07	3.23
8 October 2018	ND	ND	ND
9 October 2018	2.88	3.05	3.21
10 October 2018	2.88	3.05	3.22
11 October 2018	2.85	3.00	3.14
12 October 2018	2.85	3.00	3.15
15 October 2018	2.85	3.01	3.16
16 October 2018	2.87	3.02	3.16
17 October 2018	2.89	3.04	3.19
18 October 2018	2.87	3.03	3.17
19 October 2018	2.92	3.05	3.20
22 October 2018	2.92	3.05	3.20
23 October 2018	2.89	3.01	3.17
24 October 2018	2.84	2.94	3.10
25 October 2018	2.86	2.98	3.14
26 October 2018	2.81	2.91	3.08
29 October 2018	2.81	2.91	3.08
30 October 2018	2.84	2.94	3.12
31 October 2018	2.87	2.98	3.15
1 November 2018	2.84	2.96	3.14
2 November 2018	2.91	3.04	3.22
5 November 2018	2.91	3.03	3.20
6 November 2018	2.93	3.05	3.22
7 November 2018	2.96	3.07	3.22
8 November 2018	2.98	3.09	3.24
9 November 2018	2.94	3.05	3.19
12 November 2018	ND	ND	ND
13 November 2018	2.89	2.99	3.14
14 November 2018	2.86	2.95	3.12
15 November 2018	2.86	2.94	3.11
16 November 2018	2.81	2.90	3.08
19 November 2018	2.79	2.87	3.06
20 November 2018	2.79	2.88	3.06
21 November 2018	2.81	2.89	3.06
22 November 2018	ND	ND	ND
23 November 2018	2.81	2.88	3.05
26 November 2018	2.84	2.90	3.07
27 November 2018	2.83	2.89	3.06
28 November 2018	2.81	2.87	3.06
29 November 2018	2.81	2.85	3.03
30 November 2018	2.80	2.84	3.01
3 December 2018	2.83	2.83	2.98
4 December 2018	2.80	2.79	2.91
5 December 2018	ND	ND	ND
6 December 2018	2.75	2.75	2.87
7 December 2018	2.72	2.70	2.85
10 December 2018	2.72	2.71	2.85
11 December 2018	2.78	2.75	2.89
12 December 2018	2.77	2.77	2.91
13 December 2018	2.75	2.75	2.91
14 December 2018	2.73	2.73	2.89
17 December 2018	2.70	2.69	2.86
18 December 2018	2.65	2.65	2.82
19 December 2018	2.63	2.62	2.77
20 December 2018	2.67	2.65	2.79
21 December 2018	2.63	2.64	2.79
24 December 2018	2.55	2.58	2.74
25 December 2018	ND	ND	ND
26 December 2018	2.61	2.67	2.81
27 December 2018	2.56	2.60	2.77
28 December 2018	2.52	2.56	2.72
31 December 2018	2.48	2.51	2.69
1 January 2019	ND	ND	ND
2 January 2019	2.50	2.49	2.66
3 January 2019	2.39	2.37	2.56
4 January 2019	2.50	2.49	2.67
7 January 2019	2.53	2.53	2.70
8 January 2019	2.58	2.58	2.73
9 January 2019	2.56	2.57	2.74
10 January 2019	2.56	2.56	2.74
11 January 2019	2.55	2.52	2.71
14 January 2019	2.53	2.53	2.71
15 January 2019	2.53	2.53	2.72
16 January 2019	2.55	2.54	2.73
17 January 2019	2.56	2.58	2.75
18 January 2019	2.62	2.62	2.79
21 January 2019	ND	ND	ND
22 January 2019	2.58	2.57	2.74
23 January 2019	2.58	2.59	2.76
24 January 2019	2.56	2.55	2.72
25 January 2019	2.60	2.59	2.76
28 January 2019	2.60	2.58	2.75
29 January 2019	2.56	2.55	2.72
30 January 2019	2.52	2.49	2.70
31 January 2019	2.45	2.43	2.63
1 February 2019	2.52	2.51	2.70
4 February 2019	2.53	2.53	2.73
5 February 2019	2.53	2.51	2.71
6 February 2019	2.52	2.50	2.70
7 February 2019	2.48	2.46	2.65
8 February 2019	2.45	2.44	2.63
11 February 2019	2.48	2.47	2.65
12 February 2019	2.50	2.49	2.68
13 February 2019	2.53	2.53	2.71
14 February 2019	2.50	2.48	2.66
15 February 2019	2.52	2.49	2.66
18 February 2019	ND	ND	ND
19 February 2019	2.50	2.47	2.65
20 February 2019	2.50	2.47	2.65

Source: Department of the Treasury via Haver Analytics.

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Figure 32. Yield and spread on agency mortgage-backed securities

Series: Yield and spread

Horizon: January 3, 2000, to February 20, 2019

Description: Daily data are plotted as two curves. Units for the yield series are percent and are along the left axis. Units for the spread series are basis points and are along the right axis.

The yield series starts at just below 8 at the beginning of 2000, sharply increasing to about 8.5 in mid-2000 before declining to approximately 4.25 by mid-2003. The series then increases to approximately 6.5 by mid-2006 before declining to approximately 4 by early 2009 and approximately 2 by late 2012. The series increases again to approximately 3.75 by late 2013, gradually declining to 2.5 before slightly increasing to 3 in mid-2015. The series declines to around 2.5 at the end of 2016 and then increases sharply to slightly more than 3. In 2017, the series fluctuates between 2.75 and 3.25. At the start of 2018 the series is around 3 and increases to above 4 near the end of the year, before declining to end the horizon at around 3.5.

The spread series starts at approximately 125 in 2000. In mid-2000, the series rises to about 175, where it hovers throughout 2001. The series increases to approximately 200 by late 2002. The series declines to approximately 100 by early 2007, then spikes to approximately 275 by the beginning of 2008, where it oscillates throughout 2008 before declining to approximately 150 by mid-2009. The series then rises to around 175 by mid-2011, followed by a steady drop to approximately 75 by late 2012. In 2013 the series rises to around 150, then decreases to around 75 by July 2018. The series fluctuates within the 70s from July to the end of September and then steadily increases to around 100 by the end of November. From the beginning of December to the end of the series in February 2019, the series decreases to approximately 75.

Note: The data are daily. Yield shown is for the Fannie Mae 30-year current coupon, the coupon rate at which new mortgage-backed securities would be priced at par, or face, value. Spread shown is to the average of the 5- and 10-year nominal Treasury yields.

Source: Department of the Treasury; Barclays Live.

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Figure 33. Corporate bond yields, by securities rating

Series: Investment-grade and high-yield

Horizon: January 2, 1998, to February 20, 2019

Description: Daily data are plotted as two curves. Units for both series are in percentage points and are along the right axis. The two curves follow a generally similar path, with the high-yield somewhat higher than the investment-grade.

The investment-grade series starts at around 7 at the beginning of 1998, rising to around 9 by mid-2000 before declining to approximately 5 by mid-2003. The series then increases to approximately 6 by mid-2006 before peaking at around 11 toward the end of 2008. The series drops substantially to around 4 by late 2012 before increasing to around 5 by the end of 2013. By April 2015 the series falls to around 3 and then fluctuates fairly consistently between 3 and 5 through the end of the horizon.

The high-yield series starts at approximately 9 in 1998. A rise to around 12 occurs in mid-2000, and then the series increases to approximately 14 by September 2001 before decreasing to approximately 12 by the end of the year. The series falls further to approximately 11 by the end of 2002. The series declines to around 8 by the beginning of 2004 before increasing to about 9 by the middle of 2007. After increasing gradually to around 11 by September 2008, the series rises rapidly during fall 2008, peaking at approximately 18 in December. By the end of 2009, the series drops substantially to approximately 9. After declining further to around 5 by May 2013, the series increases to about 8 by the beginning of 2016 before dropping to approximately 5 by mid-2017. The series then rises to as high as around 8 by the end of 2018 before settling at approximately 6 toward the end of February 2019.

Note: Investment-grade is the 10-year triple-B, which reflects the effective yield of the ICE BofAML 7-to-10-year triple-B U.S. Corporate Index (C4A4). High-yield is the 10-year high-yield and reflects the effective yield of the ICE BofAML 7-to-10-year U.S. Cash Pay High Yield Index (J4A0).

Source: ICE Bank of America Merrill Lynch Indices, used with permission.

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Figure 34. Equity prices

Series: Dow Jones bank index and S&P 500 index

Horizon: January 3, 2000, to February 20, 2019

Description: Daily data are plotted as two curves. Units for both series have been indexed to 100 based on their respective values on December 31, 1999.

The Dow Jones bank index series starts in January 2000 at 100. The series increases to approximately 125 by mid-2002 and returns to around 100 in early 2003. The series then rebounds and steadily increases to its peak just below 175 in mid-2007 before it crashes to about 25 in early 2009. From 2009 through 2011, the series fluctuates between 50 and 75, then steadily rises to about 100 by then end of 2015. After a drop to about 75 in early 2016, the series rises sharply through 2016 and 2017 and reaches a peak around 150 in early March 2018. The series then decreases to around 100 by the end of 2018 before rebounding to approximately 125 by February 2019.

The S&P 500 index series starts in January 2000 at 100. The series steadily decreases to around 50 in early 2003 and recovers to about 100 in late 2007 before falling again to approximately 50 by the beginning of 2009. The series steadily increases to just under 150 in 2015 and fluctuates between 125 and 150 in late 2015 through 2016. The series then rises to about 200 at the very beginning of 2018, drops to around 175 in February, and rebounds to around 200 in September. The series then drops sharply to approximately 150 by the end of 2018, before rebounding to around 200 in February 2019.

Source: Standard & Poor's Dow Jones Indices via Bloomberg. (For Dow Jones Indices licensing information, see the note on the Contents page, or Figure 16.)

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Figure 35. S&P 500 volatility

Series: VIX and realized volatility

Horizon: January 3, 2000, to February 20, 2019

Description: Daily data are plotted as two curves. Units for both series are in percent and are along the right axis. The series follow a generally similar pattern, with the VIX somewhat higher than the realized volatility.

The VIX series starts at around 25 in January 2000 and fluctuates between 15 and 45 from 2000 to mid-2003. The series then generally decreases, fluctuating between 10 and 20 from mid-2003 through 2007. In 2008 the series generally increases, with a brief spike to approximately 80 in November. The series then decreases to approximately 20 by the beginning of 2010. Between 2010 and 2015, the series generally remains flat despite spiking to around 45 in May 2010, 50 in August 2011, and 40 in mid-2015. From 2016 through 2017, the series fluctuates between 10 and 30. The series then generally increases during 2018, spiking to around 35 in both February and December before declining to approximately 15 in February 2019.

The realized volatility series starts at around 15 in January 2000. The series fluctuates between 15 and 35 from 2000 to mid-2003. The series then generally decreases, fluctuating between 10 and 20 from mid-2003 through 2007. In 2008 the series generally increases, with a brief spike to approximately 65 in November. The series then decreases to approximately 10 by the beginning of 2010. Between 2010 and 2015, the series generally remains flat despite spiking to roughly 25 in May 2010, 30 in August 2011, and 30 in mid-2015. From 2016 through 2017, the series fluctuates between 5 and 20. The series then generally increases during 2018, spiking to around 20 in February and 25 in December 2018 before declining to approximately 15 in February 2019.

Note: The VIX is a measure of implied volatility that represents the expected annualized change in the S&P 500 index over the following 30 days. For realized volatility, five-minute returns are used in an exponentially weighted moving average with 75 percent of weight distributed over the past 20 days.

Source: Cboe Volatility Index® (VIX®) accessed via Bloomberg.

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Developments Related to Financial Stability: Figure A. Forward price-to-earnings ratio of S&P 500 firms

Monthly
Ratio

Period	Price-to-earnings ratio
January 1988	10.33
February 1988	10.89
March 1988	11.05
April 1988	10.98
May 1988	9.88
June 1988	10.66
July 1988	10.33
August 1988	9.78
September 1988	9.99
October 1988	10.12
November 1988	9.47
December 1988	9.81
January 1989	10.06
February 1989	10.14
March 1989	10.12
April 1989	10.43
May 1989	10.73
June 1989	10.85
July 1989	11.24
August 1989	11.56
September 1989	11.51
October 1989	11.47
November 1989	11.52
December 1989	11.88
January 1990	11.53
February 1990	11.32
March 1990	11.49
April 1990	11.65
May 1990	12.07
June 1990	12.38
July 1990	12.39
August 1990	11.50
September 1990	10.79
October 1990	10.30
November 1990	11.18
December 1990	11.66
January 1991	11.25
February 1991	13.43
March 1991	13.77
April 1991	14.45
May 1991	13.64
June 1991	13.90
July 1991	14.15
August 1991	14.40
September 1991	14.21
October 1991	14.31
November 1991	14.46
December 1991	14.01
January 1992	15.37
February 1992	15.00
March 1992	14.85
April 1992	14.81
May 1992	14.70
June 1992	14.01
July 1992	14.43
August 1992	14.45
September 1992	14.41
October 1992	14.00
November 1992	14.52
December 1992	14.70
January 1993	14.62
February 1993	14.67
March 1993	15.01
April 1993	15.04
May 1993	14.71
June 1993	14.64
July 1993	14.63
August 1993	14.76
September 1993	14.81
October 1993	14.64
November 1993	14.67
December 1993	14.48
January 1994	14.74
February 1994	14.60
March 1994	14.33
April 1994	13.46
May 1994	13.42
June 1994	13.46
July 1994	13.00
August 1994	13.20
September 1994	13.10
October 1994	12.92
November 1994	12.56
December 1994	12.09
January 1995	12.32
February 1995	12.48
March 1995	12.50
April 1995	12.66
May 1995	12.90
June 1995	13.05
July 1995	13.30
August 1995	13.36
September 1995	13.68
October 1995	13.77
November 1995	13.80
December 1995	14.32
January 1996	14.01
February 1996	15.23
March 1996	14.81
April 1996	14.79
May 1996	15.20
June 1996	14.71
July 1996	14.40
August 1996	14.92
September 1996	15.25
October 1996	15.61
November 1996	16.07
December 1996	15.85
January 1997	16.46
February 1997	17.36
March 1997	16.65
April 1997	16.02
May 1997	17.38
June 1997	18.39
July 1997	19.23
August 1997	18.68
September 1997	18.92
October 1997	19.20
November 1997	18.60
December 1997	18.87
January 1998	18.66
February 1998	20.36
March 1998	21.42
April 1998	21.90
May 1998	21.69
June 1998	21.42
July 1998	22.77
August 1998	21.16
September 1998	20.01
October 1998	19.28
November 1998	22.02
December 1998	22.30
January 1999	23.71
February 1999	23.53
March 1999	24.73
April 1999	24.96
May 1999	24.74
June 1999	24.30
July 1999	25.44
August 1999	23.91
September 1999	23.47
October 1999	22.55
November 1999	24.50
December 1999	24.42
January 2000	24.85
February 2000	24.03
March 2000	23.73
April 2000	23.91
May 2000	23.89
June 2000	24.10
July 2000	24.09
August 2000	23.86
September 2000	23.85
October 2000	21.44
November 2000	22.24
December 2000	22.10
January 2001	21.98
February 2001	22.07
March 2001	19.72
April 2001	21.41
May 2001	22.23
June 2001	21.67
July 2001	21.61
August 2001	21.17
September 2001	18.42
October 2001	20.37
November 2001	21.49
December 2001	21.57
January 2002	21.00
February 2002	20.47
March 2002	20.75
April 2002	20.17
May 2002	19.40
June 2002	18.11
July 2002	16.15
August 2002	16.60
September 2002	15.72
October 2002	15.77
November 2002	16.01
December 2002	16.12
January 2003	16.48
February 2003	15.33
March 2003	15.70
April 2003	15.67
May 2003	16.55
June 2003	17.68
July 2003	17.27
August 2003	16.94
September 2003	17.41
October 2003	17.50
November 2003	17.10
December 2003	17.43
January 2004	18.10
February 2004	18.09
March 2004	17.40
April 2004	17.10
May 2004	15.97
June 2004	16.41
July 2004	15.92
August 2004	15.51
September 2004	15.77
October 2004	15.49
November 2004	16.17
December 2004	16.32
January 2005	15.95
February 2005	16.17
March 2005	15.64
April 2005	15.30
May 2005	15.27
June 2005	15.41
July 2005	15.41
August 2005	15.14
September 2005	14.95
October 2005	14.33
November 2005	14.61
December 2005	14.98
January 2006	14.90
February 2006	14.93
March 2006	15.06
April 2006	14.99
May 2006	14.29
June 2006	13.69
July 2006	13.90
August 2006	14.13
September 2006	14.26
October 2006	14.65
November 2006	14.81
December 2006	14.83
January 2007	15.01
February 2007	15.39
March 2007	14.56
April 2007	15.31
May 2007	15.51
June 2007	15.30
July 2007	15.41
August 2007	13.87
September 2007	15.01
October 2007	15.01
November 2007	14.32
December 2007	14.20
January 2008	13.49
February 2008	13.68
March 2008	13.09
April 2008	13.80
May 2008	14.30
June 2008	13.51
July 2008	12.60
August 2008	13.29
September 2008	12.01
October 2008	9.93
November 2008	9.74
December 2008	11.87
January 2009	11.48
February 2009	12.46
March 2009	12.42
April 2009	13.51
May 2009	14.66
June 2009	14.73
July 2009	14.80
August 2009	15.20
September 2009	15.91
October 2009	15.85
November 2009	15.12
December 2009	14.89
January 2010	14.80
February 2010	13.81
March 2010	14.44
April 2010	14.83
May 2010	12.99
June 2010	12.82
July 2010	12.49
August 2010	12.10
September 2010	12.36
October 2010	12.84
November 2010	12.57
December 2010	13.03
January 2011	13.21
February 2011	13.70
March 2011	12.61
April 2011	12.97
May 2011	12.90
June 2011	12.07
July 2011	12.64
August 2011	11.28
September 2011	11.24
October 2011	11.50
November 2011	11.68
December 2011	11.40
January 2012	12.33
February 2012	12.63
March 2012	12.96
April 2012	12.66
May 2012	12.01
June 2012	11.89
July 2012	12.59
August 2012	12.92
September 2012	13.34
October 2012	13.21
November 2012	12.19
December 2012	12.86
January 2013	13.12
February 2013	13.53
March 2013	13.72
April 2013	13.59
May 2013	14.48
June 2013	14.10
July 2013	14.51
August 2013	14.58
September 2013	14.84
October 2013	14.71
November 2013	15.03
December 2013	15.20
January 2014	15.42
February 2014	15.44
March 2014	15.60
April 2014	15.49
May 2014	15.45
June 2014	15.83
July 2014	15.97
August 2014	15.55
September 2014	15.89
October 2014	14.76
November 2014	16.19
December 2014	16.11
January 2015	16.23
February 2015	17.35
March 2015	17.27
April 2015	17.29
May 2015	17.09
June 2015	16.96
July 2015	16.98
August 2015	16.75
September 2015	16.09
October 2015	16.14
November 2015	16.80
December 2015	16.69
January 2016	15.29
February 2016	15.91
March 2016	16.71
April 2016	17.09
May 2016	16.67
June 2016	16.74
July 2016	17.39
August 2016	17.52
September 2016	16.92
October 2016	16.89
November 2016	16.95
December 2016	17.33
January 2017	17.27
February 2017	17.91
March 2017	18.04
April 2017	17.54
May 2017	17.50
June 2017	17.91
July 2017	18.23
August 2017	18.09
September 2017	18.18
October 2017	18.44
November 2017	18.15
December 2017	18.64
January 2018	18.72
February 2018	17.28
March 2018	17.37
April 2018	16.92
May 2018	16.68
June 2018	16.84
July 2018	17.03
August 2018	16.82
September 2018	17.21
October 2018	16.49
November 2018	15.72
December 2018	14.65
January 2019	15.45
20 February 2019	16.40

Note: Aggregate forward price-to-earnings ratio of S&P 500 firms. Data are based on expected earnings for 12 months ahead. Historical median: 15.01. The plus sign shows daily data corresponding to February 20, 2019.

Source: Federal Reserve Board staff calculations using Refinitiv (formerly Thomson Reuters), IBES Estimates.

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Developments Related to Financial Stability: Figure B. Corporate bond spreads to similar-maturity Treasury securities

Series: 10-year high-yield and 10-year triple-B corporate bond spreads

Horizon: January 2, 1998, to February 20, 2019

Description: Daily data are plotted as two curves. Units for the yield series are percentage points. The two curves follow a generally similar path, with the 10-year high-yield somewhat higher than the 10-year triple-B.

The 10-year high-yield series starts around 3 at the beginning of 1998, rising to a little below 6 by late 1998 before declining to almost 4 by mid-1999. The series then increases to around 9 in late 2000 and fluctuates between 6 and 9 until late 2002. The series drops from around 9 to around 3 by 2004. Then, until mid-2007, the series oscillates between around 3 and 4. The series then rises sharply to a peak of approximately 15 in 2008. In 2010, the series declines to around 4, rallies to around 6, and drops to approximately 4. The series rises to approximately 8 by late 2011 and gradually declines to around 3 by 2014. The series increases again from 2014 to early 2016 to a high of around 6 before decreasing to around 4 by the end of 2016. The series then fluctuates between 3 and 4 until late 2018. The series rises sharply to around 5 in January 2019 before declining through the end of the series to approximately 4.

The 10-year triple-B series begins around 1 in 1998. The series gradually rises to almost 3 by 2002, then gently declines to a little below 1 by 2004. Between 2004 and mid-2007, the series rises incrementally to approximately 2. The series then increases sharply to around 7 in late 2008 before dropping to approximately 2 by 2010. The series rises to around 3 by the end of 2011, then gradually declines to approximately 1.5 through mid-2014. The series then increases to around 3 in early 2016 and dips to around 1 in 2018 before increasing to approximately 2 at the end of the series.

Note: The 10-year triple-B reflects the effective yield of the ICE BofAML 7-to-10-year triple-B U.S. Corporate Index (C4A4), and the 10-year high-yield reflects the effective yield of the ICE BofAML 7-to-10-year U.S. Cash Pay High Yield Index (J4A0). Treasury yields from smoothed yield curve estimated from off-the-run securities.

Source: ICE Data Indices, LLC, used with permission; Department of the Treasury.

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Developments Related to Financial Stability: Figure C. Business- and household-sector credit-to-GDP ratio

Quarterly
Ratio

Period	Business	Household
1980:Q1	0.50	0.48
1980:Q2	0.50	0.48
1980:Q3	0.50	0.48
1980:Q4	0.49	0.48
1981:Q1	0.48	0.46
1981:Q2	0.50	0.47
1981:Q3	0.50	0.46
1981:Q4	0.51	0.47
1982:Q1	0.52	0.47
1982:Q2	0.52	0.47
1982:Q3	0.53	0.47
1982:Q4	0.53	0.47
1983:Q1	0.53	0.46
1983:Q2	0.53	0.46
1983:Q3	0.53	0.46
1983:Q4	0.53	0.46
1984:Q1	0.53	0.46
1984:Q2	0.54	0.47
1984:Q3	0.55	0.47
1984:Q4	0.56	0.48
1985:Q1	0.56	0.49
1985:Q2	0.57	0.50
1985:Q3	0.57	0.51
1985:Q4	0.58	0.52
1986:Q1	0.58	0.53
1986:Q2	0.60	0.54
1986:Q3	0.60	0.55
1986:Q4	0.62	0.56
1987:Q1	0.62	0.56
1987:Q2	0.62	0.56
1987:Q3	0.62	0.57
1987:Q4	0.62	0.56
1988:Q1	0.63	0.57
1988:Q2	0.63	0.57
1988:Q3	0.63	0.57
1988:Q4	0.63	0.57
1989:Q1	0.63	0.57
1989:Q2	0.63	0.57
1989:Q3	0.63	0.58
1989:Q4	0.63	0.59
1990:Q1	0.63	0.59
1990:Q2	0.63	0.59
1990:Q3	0.63	0.59
1990:Q4	0.63	0.60
1991:Q1	0.62	0.61
1991:Q2	0.61	0.61
1991:Q3	0.60	0.61
1991:Q4	0.59	0.61
1992:Q1	0.58	0.61
1992:Q2	0.57	0.61
1992:Q3	0.56	0.60
1992:Q4	0.55	0.60
1993:Q1	0.55	0.61
1993:Q2	0.55	0.61
1993:Q3	0.55	0.61
1993:Q4	0.54	0.61
1994:Q1	0.54	0.61
1994:Q2	0.54	0.61
1994:Q3	0.54	0.61
1994:Q4	0.54	0.62
1995:Q1	0.54	0.62
1995:Q2	0.55	0.63
1995:Q3	0.55	0.63
1995:Q4	0.55	0.63
1996:Q1	0.55	0.64
1996:Q2	0.55	0.64
1996:Q3	0.55	0.64
1996:Q4	0.54	0.64
1997:Q1	0.55	0.64
1997:Q2	0.55	0.64
1997:Q3	0.55	0.64
1997:Q4	0.56	0.64
1998:Q1	0.57	0.65
1998:Q2	0.58	0.65
1998:Q3	0.58	0.65
1998:Q4	0.58	0.65
1999:Q1	0.59	0.66
1999:Q2	0.60	0.67
1999:Q3	0.61	0.67
1999:Q4	0.61	0.67
2000:Q1	0.62	0.68
2000:Q2	0.62	0.68
2000:Q3	0.63	0.69
2000:Q4	0.63	0.69
2001:Q1	0.63	0.70
2001:Q2	0.64	0.71
2001:Q3	0.64	0.73
2001:Q4	0.64	0.74
2002:Q1	0.64	0.75
2002:Q2	0.64	0.75
2002:Q3	0.64	0.76
2002:Q4	0.63	0.78
2003:Q1	0.63	0.79
2003:Q2	0.62	0.81
2003:Q3	0.62	0.82
2003:Q4	0.60	0.83
2004:Q1	0.61	0.84
2004:Q2	0.60	0.85
2004:Q3	0.60	0.85
2004:Q4	0.60	0.87
2005:Q1	0.60	0.87
2005:Q2	0.61	0.89
2005:Q3	0.61	0.89
2005:Q4	0.61	0.90
2006:Q1	0.62	0.91
2006:Q2	0.62	0.93
2006:Q3	0.63	0.94
2006:Q4	0.64	0.95
2007:Q1	0.65	0.95
2007:Q2	0.66	0.96
2007:Q3	0.68	0.97
2007:Q4	0.69	0.97
2008:Q1	0.70	0.98
2008:Q2	0.71	0.97
2008:Q3	0.72	0.97
2008:Q4	0.73	0.97
2009:Q1	0.74	0.98
2009:Q2	0.73	0.98
2009:Q3	0.72	0.97
2009:Q4	0.69	0.95
2010:Q1	0.69	0.94
2010:Q2	0.67	0.93
2010:Q3	0.67	0.91
2010:Q4	0.66	0.90
2011:Q1	0.66	0.90
2011:Q2	0.65	0.88
2011:Q3	0.65	0.87
2011:Q4	0.65	0.86
2012:Q1	0.65	0.85
2012:Q2	0.65	0.84
2012:Q3	0.65	0.83
2012:Q4	0.66	0.83
2013:Q1	0.66	0.82
2013:Q2	0.66	0.82
2013:Q3	0.66	0.81
2013:Q4	0.66	0.80
2014:Q1	0.67	0.80
2014:Q2	0.66	0.80
2014:Q3	0.66	0.79
2014:Q4	0.67	0.78
2015:Q1	0.68	0.78
2015:Q2	0.68	0.78
2015:Q3	0.69	0.77
2015:Q4	0.70	0.77
2016:Q1	0.71	0.77
2016:Q2	0.71	0.77
2016:Q3	0.71	0.77
2016:Q4	0.71	0.77
2017:Q1	0.72	0.77
2017:Q2	0.72	0.77
2017:Q3	0.72	0.76
2017:Q4	0.72	0.76
2018:Q1	0.72	0.76
2018:Q2	0.73	0.75
2018:Q3	0.73	0.75

Note: Data are quarterly and extend through 2018:Q3. The shaded bars indicate periods of business recession as defined by the National Bureau of Economic Research: January 1980-July 1980, July 1981-November 1982, July 1990-March 1991, March 2001-November 2001, and December 2007-June 2009. GDP is gross domestic product.

Source: Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States"; Bureau of Economic Analysis via Haver Analytics, national income and product accounts, Table 1.1.5: Gross Domestic Product; Board staff calculations.

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Developments Related to Financial Stability: Figure D. Net issuance of risky business debt

Quarterly
Billions of dollars

Period	Institutional leveraged loans	High-yield and unrated bonds	Total
2005:Q1	13.32	-6.99	6.33
2005:Q2	13.65	-5.58	8.07
2005:Q3	13.89	-6.64	7.25
2005:Q4	13.82	-4.59	9.24
2006:Q1	17.99	-7.60	10.39
2006:Q2	23.80	-2.70	21.10
2006:Q3	26.44	-1.79	24.65
2006:Q4	37.87	4.83	42.69
2007:Q1	41.25	6.93	48.17
2007:Q2	44.79	11.11	55.90
2007:Q3	46.75	9.21	55.97
2007:Q4	39.19	0.57	39.76
2008:Q1	29.58	-3.94	25.64
2008:Q2	22.55	-9.76	12.79
2008:Q3	17.77	-6.20	11.57
2008:Q4	9.96	-12.90	-2.95
2009:Q1	6.45	-12.16	-5.71
2009:Q2	-3.99	-11.11	-15.10
2009:Q3	-8.95	-15.22	-24.18
2009:Q4	-16.40	-10.81	-27.20
2010:Q1	-17.91	-4.58	-22.48
2010:Q2	-16.45	-4.45	-20.90
2010:Q3	-10.20	4.61	-5.59
2010:Q4	-7.78	11.65	3.87
2011:Q1	-4.45	10.43	5.98
2011:Q2	4.35	12.22	16.57
2011:Q3	0.04	4.80	4.84
2011:Q4	4.85	2.38	7.23
2012:Q1	4.35	8.67	13.03
2012:Q2	2.60	1.88	4.48
2012:Q3	2.88	10.77	13.65
2012:Q4	8.39	16.53	24.92
2013:Q1	12.83	16.71	29.55
2013:Q2	16.05	22.79	38.84
2013:Q3	28.43	23.51	51.95
2013:Q4	32.83	22.46	55.29
2014:Q1	37.36	20.35	57.72
2014:Q2	40.94	20.70	61.64
2014:Q3	41.75	20.07	61.82
2014:Q4	37.42	16.35	53.76
2015:Q1	31.67	23.38	55.05
2015:Q2	19.49	21.65	41.14
2015:Q3	9.53	14.71	24.24
2015:Q4	10.18	9.72	19.90
2016:Q1	10.84	-1.76	9.08
2016:Q2	12.87	-1.50	11.36
2016:Q3	7.50	-3.11	4.39
2016:Q4	2.10	-4.89	-2.80
2017:Q1	-1.23	-3.55	-4.79
2017:Q2	9.77	-7.34	2.43
2017:Q3	16.25	-5.03	11.21
2017:Q4	18.65	-1.24	17.42
2018:Q1	28.30	-3.65	24.65
2018:Q2	29.76	-4.57	25.19
2018:Q3	37.78	-6.79	30.99
2018:Q4	47.97	-12.42	35.55

Note: Total net issuance of risky debt is the sum of the net issuance of speculative-grade and unrated bonds and leveraged loans. The data are four-quarter moving averages.

Source: Mergent, Fixed Investment Securities Database (FISD); S&P Global, Leveraged Commentary & Data.

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Figure 36. Ratio of total commercial bank credit to nominal gross domestic product

Quarterly

Period	Percent
2000:Q1	57.49
2000:Q2	57.49
2000:Q3	58.20
2000:Q4	57.74
2001:Q1	58.30
2001:Q2	58.17
2001:Q3	58.67
2001:Q4	58.77
2002:Q1	58.46
2002:Q2	58.11
2002:Q3	58.75
2002:Q4	60.83
2003:Q1	61.93
2003:Q2	62.84
2003:Q3	62.08
2003:Q4	60.55
2004:Q1	60.70
2004:Q2	61.47
2004:Q3	61.36
2004:Q4	61.41
2005:Q1	62.20
2005:Q2	62.91
2005:Q3	63.40
2005:Q4	63.64
2006:Q1	63.69
2006:Q2	64.76
2006:Q3	65.62
2006:Q4	65.69
2007:Q1	66.03
2007:Q2	66.43
2007:Q3	67.43
2007:Q4	68.29
2008:Q1	69.42
2008:Q2	69.27
2008:Q3	69.20
2008:Q4	71.22
2009:Q1	71.25
2009:Q2	70.62
2009:Q3	68.85
2009:Q4	66.18
2010:Q1	64.53
2010:Q2	62.63
2010:Q3	61.97
2010:Q4	61.44
2011:Q1	60.98
2011:Q2	59.96
2011:Q3	59.88
2011:Q4	59.75
2012:Q1	59.55
2012:Q2	59.56
2012:Q3	59.84
2012:Q4	59.86
2013:Q1	59.54
2013:Q2	59.52
2013:Q3	58.89
2013:Q4	58.49
2014:Q1	59.28
2014:Q2	59.11
2014:Q3	59.15
2014:Q4	59.54
2015:Q1	60.54
2015:Q2	60.84
2015:Q3	61.31
2015:Q4	62.21
2016:Q1	63.14
2016:Q2	63.42
2016:Q3	63.96
2016:Q4	64.35
2017:Q1	64.17
2017:Q2	63.93
2017:Q3	63.65
2017:Q4	63.39
2018:Q1	63.15
2018:Q2	62.49
2018:Q3	62.38
2018:Q4	62.40

Note: Data for 2018:Q4 are estimated.

Source: Federal Reserve Board, Statistical Release H.8, "Assets and Liabilities of Commercial Banks in the United States"; Bureau of Economic Analysis via Haver Analytics.

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Figure 37. Profitability of bank holding companies

Quarterly
Percent, annual rate

Period	Return on assets	Return on equity
2000:Q1	1.29	17.64
2000:Q2	0.91	12.51
2000:Q3	1.16	16.00
2000:Q4	1.12	14.98
2001:Q1	0.98	13.20
2001:Q2	0.93	12.15
2001:Q3	0.85	10.95
2001:Q4	0.92	11.81
2002:Q1	1.14	14.53
2002:Q2	1.13	14.24
2002:Q3	1.14	14.15
2002:Q4	1.03	13.14
2003:Q1	1.13	14.30
2003:Q2	1.26	16.02
2003:Q3	1.28	16.40
2003:Q4	1.35	17.26
2004:Q1	1.24	15.98
2004:Q2	1.02	13.18
2004:Q3	1.21	14.79
2004:Q4	1.18	14.38
2005:Q1	1.14	13.57
2005:Q2	1.19	14.58
2005:Q3	1.30	15.38
2005:Q4	1.21	14.94
2006:Q1	1.10	13.71
2006:Q2	1.17	15.02
2006:Q3	1.31	15.74
2006:Q4	1.32	16.41
2007:Q1	0.97	12.05
2007:Q2	1.08	14.17
2007:Q3	0.82	9.83
2007:Q4	-0.13	-1.78
2008:Q1	0.09	1.64
2008:Q2	-0.14	-1.36
2008:Q3	-0.57	-8.46
2008:Q4	-1.60	-21.58
2009:Q1	0.00	0.61
2009:Q2	-0.07	-0.41
2009:Q3	0.19	1.55
2009:Q4	0.10	1.19
2010:Q1	0.39	4.91
2010:Q2	0.53	6.40
2010:Q3	0.45	4.52
2010:Q4	0.50	5.51
2011:Q1	0.59	6.49
2011:Q2	0.43	4.75
2011:Q3	0.94	9.69
2011:Q4	0.59	6.18
2012:Q1	0.58	5.84
2012:Q2	0.71	7.02
2012:Q3	0.73	7.02
2012:Q4	0.89	8.60
2013:Q1	0.81	7.70
2013:Q2	0.86	8.20
2013:Q3	0.82	7.73
2013:Q4	0.92	8.76
2014:Q1	0.85	7.86
2014:Q2	0.82	7.58
2014:Q3	0.87	7.97
2014:Q4	0.82	7.61
2015:Q1	0.96	8.67
2015:Q2	0.96	8.62
2015:Q3	0.99	8.77
2015:Q4	0.84	7.59
2016:Q1	0.81	7.01
2016:Q2	0.93	8.13
2016:Q3	0.96	8.69
2016:Q4	0.93	8.62
2017:Q1	0.95	8.43
2017:Q2	0.96	8.61
2017:Q3	0.97	8.69
2017:Q4	0.13	1.56
2018:Q1	1.11	10.03
2018:Q2	1.15	10.56
2018:Q3	1.22	11.07

Note: The data are quarterly and are seasonally adjusted. The data extend through 2018:Q3.

Source: Federal Reserve Board, Form FR Y-9C, Consolidated Financial Statements for Bank Holding Companies.

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Figure 38. Real gross domestic product growth in selected advanced foreign economies

Percent, annual rate

Period	United Kingdom	Japan	Euro area	Canada
2015	2.21	1.04	2.00	-0.38
2016	1.70	1.22	2.09	1.81
2017	1.61	2.39	2.70	2.86
2018:H1	1.05	0.62	1.60	1.92
2018:Q3	2.51	-2.64	0.63	2.04
2018:Q4	0.70	1.38	0.78	ND

Note: The data for the euro area, Japan, and the U.K. incorporate preliminary estimates for 2018:Q4. The data for Canada extend through 2018:Q3.

Source: For the United Kingdom, Office for National Statistics; for Japan, Cabinet Office, Government of Japan; for the euro area, Eurostat; for Canada, Statistics Canada; all via Haver Analytics.

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Figure 39. Consumer price inflation in selected advanced foreign economies

Monthly
12-month percent change

Period	United Kingdom	Japan	Euro area	Canada
January 2015	0.28	2.46	-0.60	0.97
February 2015	0.03	2.26	-0.29	0.97
March 2015	-0.01	2.36	-0.07	1.29
April 2015	-0.12	0.70	0.21	0.64
May 2015	0.11	0.50	0.60	0.96
June 2015	-0.04	0.40	0.50	1.12
July 2015	0.15	0.30	0.54	1.36
August 2015	0.01	0.20	0.44	1.27
September 2015	-0.12	0.00	0.20	1.03
October 2015	-0.11	0.20	0.39	1.03
November 2015	0.11	0.10	0.13	1.27
December 2015	0.20	0.10	0.25	1.51
January 2016	0.29	-0.10	0.33	1.92
February 2016	0.28	0.20	-0.12	1.43
March 2016	0.46	0.00	-0.04	1.27
April 2016	0.29	-0.30	-0.26	1.67
May 2016	0.31	-0.40	-0.12	1.58
June 2016	0.46	-0.30	0.05	1.42
July 2016	0.56	-0.40	0.17	1.10
August 2016	0.64	-0.50	0.22	1.18
September 2016	0.98	-0.40	0.40	1.42
October 2016	0.91	0.10	0.51	1.49
November 2016	1.17	0.40	0.59	1.26
December 2016	1.56	0.30	1.10	1.49
January 2017	1.82	0.40	1.72	2.04
February 2017	2.30	0.20	1.95	2.04
March 2017	2.32	0.20	1.53	1.57
April 2017	2.71	0.40	1.90	1.72
May 2017	2.87	0.50	1.38	1.25
June 2017	2.64	0.40	1.30	1.01
July 2017	2.63	0.50	1.34	1.25
August 2017	2.86	0.60	1.54	1.40
September 2017	2.96	0.70	1.56	1.48
October 2017	3.00	0.10	1.37	1.39
November 2017	3.09	0.60	1.53	2.17
December 2017	2.97	1.00	1.34	1.93
January 2018	2.99	1.40	1.30	1.69
February 2018	2.71	1.40	1.11	2.08
March 2018	2.46	1.10	1.40	2.31
April 2018	2.38	0.70	1.22	2.08
May 2018	2.42	0.70	1.95	2.31
June 2018	2.45	0.80	1.97	2.46
July 2018	2.47	1.00	2.19	2.77
August 2018	2.65	1.30	2.08	2.68
September 2018	2.42	1.20	2.08	2.37
October 2018	2.39	1.40	2.29	2.52
November 2018	2.31	0.69	1.92	1.75
December 2018	2.10	0.20	1.52	1.90
January 2019	1.85	ND	1.40	ND

Note: The data for the euro area incorporate the flash estimate for January 2019. The data for the United Kingdom extend through January 2019. The data for Canada and Japan extend through December 2018.

Source: For the United Kingdom, Office for National Statistics; for Japan, Ministry of International Affairs and Communications; for the euro area, Statistical Office of the European Communities; for Canada, Statistics Canada; all via Haver Analytics.

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Figure 40. Equity indexes for selected foreign economies

Series: Euro area, United Kingdom, and Japan

Horizon: January 7, 2015, to February 20, 2019

Description: The data are weekly averages of daily data, plotted as three curves. The units are along the right axis and are an index with the week ending January 7, 2015, equal to 100. All of the series fluctuate significantly but generally reach interim highs in 2015:Q1 before falling in 2015:Q3 and recovering partially in 2015:Q4. The series then decline again, reaching their lowest levels at the start of 2016 before generally increasing through the rest of 2016 and 2017. The series continue to increase in the first weeks of 2018, when they reach their highest levels over the time horizon. The three series all drop around March 2018, climb steadily until June, and then broadly drop until November. The exception to this trend is Japan, which has a divergent peak in August. From a relative trough at the end of 2018, the series all recover toward about 115 at the end of the horizon.

The euro-area series sharply increases from 100 in early 2015 to a peak of about 125 in April. The series then drops to about 100 by September. It recovers briefly to a small peak of about 115 in 2015:Q4 before falling sharply to about 95 in 2016:Q1. The series fluctuates around 100 through the first half of 2016 and generally increases to about 125 by 2017:Q2. The series declines gradually to about 120 in 2017:Q3 and then fluctuates around 125 for the remainder of the year. The series peaks at around 130 in January 2018, then drops to about 120 in February. The series fluctuates around 120 until July, when it declines sharply, reaching a trough of around 105 toward the end of the year. In 2019, the series rises and ends above 110.

The U.K. series starts at 100 in 2015 and fluctuates around 100 until 2015:Q2, after which it declines to a trough of about 90 in 2016:Q1. The series generally increases throughout 2016 to about 110 in 2017:Q1, where it fluctuates for the remainder of the year. The series increases to a small peak of about 120 in January 2018, then falls back down to just below 110 in March before rising again to about 120 in May. The series then declines sharply to around 105 at the end of 2018. In 2019, the series gradually rises and ends the horizon above 110.

The Japan series starts at 100 and rises to around 120 in 2015:Q3. It then broadly declines to its trough around 90 in 2016:Q2. The series then rises steadily, reaching a peak around 140 at the end of 2017. The series then declines to around 105 in 2018:Q4 before rising to end the horizon around 115.

Note: The data are weekly averages of daily data and extend through February 20, 2019.

Source: For euro area, DJ Euro Stoxx Index; for Japan, TOPIX Stock Index; for United Kingdom, FTSE 100 Stock Index; all via Bloomberg.

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Figure 41. Nominal 10-year government bond yields in selected advanced economies

Series: United States, United Kingdom, Germany, and Japan 10-year benchmark yields

Horizon: January 7, 2015, to February 20, 2019

Description: The data are weekly averages of daily data, plotted as four curves. Units for the 10-year benchmark yields are percentages along the right axis. The curves generally move in the same direction from 2015 to 2016, with the United States and the United Kingdom tracking closely until the middle of 2016, when the United Kingdom declines faster than the United States. All four series decline through the middle of 2016 but rise again in the second half of the year, with particularly strong increases in the United States and the United Kingdom. The series are generally flat through 2017. The United States, United Kingdom, and Germany slightly increase at the beginning of 2018 and slightly fall in the second quarter, while Japan stays relatively constant. In 2018:Q3, each series rises and then falls slightly. From 2018:Q4 until the end of the horizon, each series displays a general downward trend. The United States remains above all other series for the entire horizon. Japan remains below the other series, except for when Germany dips below Japan in the first half of 2015 and again in the second half of 2016.

The series for the United States starts in January 2015 at approximately 2. It fluctuates between 1.8 and 2.1 in the first half of 2015 before increasing to about 2.4 at the end of 2015:Q2. It then fluctuates between 2 and 2.3 until the end of 2015. The series declines to just above 1.7 in 2016:Q1 and then fluctuates between 1.7 and 2 through 2016:Q2. Between 2016:Q2 and 2016:Q3, the series dips below 1.5 before rising to a small peak above 2.5 by 2017:Q1. The series then declines to about 2.2 at the end of 2017:Q3. The series rises throughout 2018 to a peak above 3 in 2018:Q4. The series then declines and ends the horizon slightly above 2.5.

The series for the United Kingdom starts in January 2015 at about 1.6. It fluctuates between 1.5 and 2 before climbing to around 2.1 at the end of 2015:Q2. The series then fluctuates between 1.75 and 2 until the end of 2015. The series declines to about 1.4 in the middle of 2016:Q1 before fluctuating between 1.4 and 1.6 until the middle of 2016:Q2. The series begins to fall rapidly at the end of 2016:Q2 and bottoms out in 2016:Q3 at around 0.5. The series then begins to recover, with a small peak of around 1.5 in early 2017, before trending down to around 1 at the end of 2017:Q2. The series fluctuates between 1.2 and 1.3 until the end of 2017:Q4. It then increases through February 2018 to about 1.6 and declines to about 1.3 in 2018:Q3. The series rises above 1.5 during 2018:Q4 and then falls to just above 1 at the end of the horizon.

The series for Germany starts in January 2015 at around 0.5 and steadily decreases to about 0.1 in 2015:Q2. Then the series increases to about 0.9 by the end of 2015:Q2 and then declines to below 0.2 by 2016:Q1. It fluctuates between 0.1 and 0.3 before dipping below zero at the end of 2016:Q2. The series fluctuates around zero until 2016:Q4, when it begins to rise to about 0.3 by the middle of 2016:Q4. It then fluctuates between 0.3 and 0.5 until the end of 2017:Q4. The series increases in the beginning of 2018:Q1 to slightly above 0.7 before falling gradually to just above zero at the end of the horizon.

The series for Japan starts in January 2015 at approximately 0.3 and fluctuates around that level throughout 2015:Q1. It then increases to around 0.5 by the end of 2015:Q2 before steadily descending through 2016:Q1. The series dips below zero in February 2016, reaching a low of negative 0.3 in July. The series increases to about zero by November and hovers around zero for the remainder of the horizon, ending slightly below zero.

Note: The data are weekly averages of daily benchmark yields and extend through February 20, 2019.

Source: Bloomberg.

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Figure 42. Real gross domestic product growth in selected emerging market economies

Percent, annual rate

Period	China	Korea	Mexico	Brazil
2015	6.77	3.24	2.80	-5.46
2016	6.79	2.58	3.33	-2.26
2017	6.66	2.81	1.53	2.25
2018:H1	6.85	3.23	1.73	0.92
2018:Q3	5.83	2.27	2.44	2.16
2018:Q4	5.88	3.92	1.00	ND

Note: The data for China are seasonally adjusted by Board staff. The data for Korea, Mexico, and Brazil are seasonally adjusted by their respective government agencies. The data for Korea and Mexico incorporate preliminary estimates for 2018:Q4. The data for Brazil extend through 2018:Q3.

Source: For China, China National Bureau of Statistics; for Korea, Bank of Korea; for Mexico, Instituto Nacional de Estadistica y Geografia; for Brazil, Instituto Brasileiro de Geografia e Estatistica; all via Haver Analytics.

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Figure 43. Emerging market mutual fund flows and spreads

Series: EMBI+, bond fund flows, and equity fund flows

Horizon: January 1, 2015, to February 19, 2019

Description: The J.P. Morgan Emerging Market Bond Index Plus (or EMBI+) is an index of total returns of foreign currency denominated debt of selected emerging market economies. EMBI+ data are weekly averages of daily data plotted as a curve. The units for EMBI+ are basis points along the left axis. EPFR fund flows are flows into dedicated emerging market economy bond and equity mutual funds and exchange-traded funds. EPFR fund flows data are plotted as stacked bars. The units for both bond and equity fund flows are billions of dollars along the right axis. The EMBI+ series shows significant volatility through 2015 before peaking above 450 in early 2016. Subsequently, the series falls rapidly. The downward trend continues through the end of 2016, leaving the EMBI+ near 330 at the beginning of 2017. The series fluctuates around this level through 2017 before picking up again in 2018 and reaching about 400 in 2018:Q2. The series then declines to slightly below 400, then rises back up to around 450 in 2018:Q4. The series then declines to below 400 at the end of the horizon. Both bond and equity fund flows are negative for most of 2015 and 2016, except for small positive values in 2015:Q2, a positive bond fund flow in 2016:Q2, and large positive values for bond and equity fund flows in 2016:Q3. Both bond and equity fund flows become positive again throughout 2017 and into 2018:Q1. In 2018:Q2 and 2018:Q3 both series are negative, and in 2018:Q4 bond fund flows remain negative and equity fund flows are positive. Both series are positive in January and February 2019.

EMBI+ data begin in January 2015 at about 420. The series fluctuates around that level in 2015:Q1 before falling to about 360 in May. The series rises to about 450 in August and falls back to around 380 in November. The series rises again in early 2016, peaks at about 470 in February, and then decreases, landing around 340 in October. A brief increase in the last months of 2016 brings the EMBI+ back up to around 380 in December. The series then declines through much of 2017, reaching a low point of just below 320 in October before increasing to about 350 in November. The series declines again to about 320 in January 2018 and increases steadily to over 400 in 2018:Q3. The series declines back below 400 and then rises to around 450 in 2018:Q4. The series then declines and ends the horizon below 400.

Both bond and equity fund flows are negative for 2015:Q1, with the magnitudes for equities larger than those for bonds. Bond and equity fund flows are slightly positive in 2015:Q2 before turning significantly negative in 2015:Q3. Both bond and equity fund flows are negative from 2015:Q3 through 2016:Q1, though they decrease in magnitude. In 2016:Q2, equity fund flows remain negative, while bond fund flows are positive. In 2016:Q3, there are pronounced bond and equity fund inflows, and outflows re-emerge in 2016:Q4. Throughout 2017 and 2018:Q1, there are bond and equity fund inflows. There are outflows for both in 2018:Q2 and 2018:Q3. In 2018:Q4, bond fund flows remain negative, while equity fund flows are positive. There are inflows for both series in January and February 2019.

Note: The bond and equity fund flows data are quarterly sums of weekly data from January 1, 2015, to December 31, 2018, and monthly sums of weekly data from January 1, 2019, to February 20, 2019. The fund flows data exclude funds located in China. The J.P. Morgan Emerging Markets Bond Index Plus (EMBI+) data are weekly averages of daily data and extend through February 19, 2019.

Source: For bond and equity fund flows, EPFR Global; for EMBI+, J.P. Morgan Emerging Markets Bond Index Plus via Bloomberg.

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Figure 44. U.S. dollar exchange rate indexes

Weekly
Week ending January 9, 2015 = 100

Period	Mexican peso	Broad dollar	Euro	Chinese renminbi
7 January 2015	100.00	100.00	100.00	100.00
14 January 2015	98.21	99.87	100.93	99.86
21 January 2015	98.54	100.07	103.09	99.87
28 January 2015	98.34	100.92	105.14	100.38
4 February 2015	100.01	101.70	104.92	100.64
11 February 2015	100.31	101.74	105.14	100.52
18 February 2015	100.28	101.62	104.68	100.58
25 February 2015	100.90	101.92	104.98	100.69
4 March 2015	100.79	102.31	106.67	100.91
11 March 2015	103.81	104.41	110.43	100.81
18 March 2015	103.82	105.03	112.55	100.64
25 March 2015	101.19	103.45	109.92	99.89
1 April 2015	102.10	103.60	110.11	99.89
8 April 2015	100.29	102.81	109.30	99.74
15 April 2015	102.43	103.82	112.22	99.94
22 April 2015	103.28	103.00	110.86	99.76
29 April 2015	102.85	102.08	108.94	99.84
6 May 2015	103.76	101.91	106.41	99.86
13 May 2015	102.66	101.54	105.92	99.92
20 May 2015	101.78	101.38	105.74	99.87
27 May 2015	103.02	102.79	108.58	99.79
3 June 2015	103.77	103.25	107.94	99.77
10 June 2015	104.89	103.05	106.07	99.86
17 June 2015	103.72	102.60	105.95	99.93
24 June 2015	103.34	102.23	105.54	99.92
1 July 2015	105.21	103.06	106.89	99.88
8 July 2015	106.11	103.86	107.92	99.93
15 July 2015	105.92	104.10	108.04	99.94
22 July 2015	107.35	105.01	109.56	99.95
29 July 2015	109.12	105.24	108.10	99.94
5 August 2015	109.26	105.77	108.93	99.95
12 August 2015	109.45	106.02	108.16	100.88
19 August 2015	110.48	106.58	107.56	102.93
26 August 2015	114.08	106.67	104.71	103.02
2 September 2015	113.34	107.03	106.24	102.66
9 September 2015	113.11	107.34	107.00	102.42
16 September 2015	112.66	106.94	105.56	102.55
23 September 2015	112.82	107.11	106.13	102.55
30 September 2015	114.43	107.82	106.28	102.51
7 October 2015	112.59	106.87	106.08	102.31
14 October 2015	111.12	105.79	104.89	102.16
21 October 2015	111.13	105.71	104.94	102.23
28 October 2015	111.08	106.72	107.75	102.27
4 November 2015	111.05	106.88	108.70	101.88
11 November 2015	112.78	108.02	110.73	102.05
18 November 2015	112.75	108.52	111.48	102.61
25 November 2015	111.17	108.21	111.89	102.80
2 December 2015	111.55	108.65	112.60	102.86
9 December 2015	113.52	108.43	109.40	103.11
16 December 2015	115.93	109.08	108.73	103.92
23 December 2015	115.27	109.72	109.53	104.29
30 December 2015	116.22	109.53	108.96	104.31
6 January 2016	116.67	110.41	110.47	104.99
13 January 2016	120.19	111.31	109.73	105.89
20 January 2016	122.67	112.08	109.28	105.95
27 January 2016	124.26	112.02	110.00	105.90
3 February 2016	123.41	111.54	109.12	105.86
10 February 2016	125.10	110.47	106.41	105.75
17 February 2016	126.61	110.53	106.27	105.37
24 February 2016	122.32	110.33	107.85	104.99
2 March 2016	121.29	110.38	109.34	105.35
9 March 2016	119.81	109.12	108.36	104.85
16 March 2016	120.09	108.71	107.14	104.72
23 March 2016	116.99	107.21	105.94	104.35
30 March 2016	117.58	107.72	106.31	104.63
6 April 2016	117.63	106.86	104.64	104.17
13 April 2016	118.86	106.70	104.80	104.05
20 April 2016	116.99	106.27	105.35	104.15
27 April 2016	117.39	106.44	105.59	104.49
4 May 2016	116.95	105.70	104.08	104.32
11 May 2016	120.82	106.98	104.47	104.69
18 May 2016	122.50	107.55	105.29	105.00
25 May 2016	124.21	108.62	106.61	105.45
1 June 2016	124.22	108.61	106.87	105.72
8 June 2016	124.38	107.65	105.34	105.71
15 June 2016	125.80	107.81	105.81	105.83
22 June 2016	126.11	107.70	105.92	105.97
29 June 2016	126.18	108.42	107.04	106.61
6 July 2016	125.20	108.57	107.57	107.31
13 July 2016	124.66	108.70	107.73	107.61
20 July 2016	124.41	108.70	107.86	107.64
27 July 2016	126.03	109.36	108.51	107.41
3 August 2016	126.94	108.43	106.76	106.85
10 August 2016	125.19	108.28	107.26	107.01
17 August 2016	122.22	107.35	106.30	106.73
24 August 2016	123.14	107.29	105.43	106.95
31 August 2016	125.07	108.18	106.47	107.39
7 September 2016	124.76	107.93	106.38	107.37
14 September 2016	127.71	108.46	106.04	107.43
21 September 2016	132.19	109.30	106.59	107.35
28 September 2016	132.07	108.94	106.20	107.34
5 October 2016	129.92	108.87	106.26	107.33
12 October 2016	128.75	109.70	107.43	107.74
19 October 2016	126.77	109.74	108.41	108.38
26 October 2016	125.11	110.05	109.39	108.91
2 November 2016	127.60	110.35	108.46	108.99
9 November 2016	128.11	110.10	107.91	108.97
16 November 2016	137.87	112.92	110.83	110.17
23 November 2016	137.63	113.69	112.41	110.92
30 November 2016	138.41	113.98	112.54	111.07
7 December 2016	138.12	113.36	111.43	110.75
14 December 2016	136.49	113.18	112.34	111.02
21 December 2016	137.79	114.72	114.44	111.83
28 December 2016	139.23	115.10	114.23	111.85
4 January 2017	140.61	114.91	113.73	111.82
11 January 2017	144.72	114.64	112.88	111.37
18 January 2017	145.83	113.90	111.76	110.57
25 January 2017	144.72	113.61	111.26	110.49
1 February 2017	140.94	112.98	111.23	110.69
8 February 2017	138.14	112.28	110.96	110.60
15 February 2017	136.86	112.52	112.29	110.60
22 February 2017	136.50	112.54	112.53	110.56
1 March 2017	133.65	112.17	112.53	110.55
8 March 2017	132.09	112.86	112.94	111.03
15 March 2017	132.00	112.81	112.05	111.21
22 March 2017	128.50	111.34	110.71	111.00
29 March 2017	126.99	110.84	110.22	110.74
5 April 2017	126.20	111.10	111.62	110.84
12 April 2017	125.97	111.29	112.26	110.97
19 April 2017	125.11	110.77	111.78	110.79
26 April 2017	127.13	110.94	110.17	110.82
3 May 2017	127.03	111.03	109.37	110.96
10 May 2017	128.15	111.33	109.10	111.10
17 May 2017	125.91	110.67	108.43	110.91
24 May 2017	125.81	110.09	106.58	110.84
31 May 2017	124.96	109.75	106.43	110.19
7 June 2017	124.02	109.34	106.00	109.46
14 June 2017	121.86	109.04	106.29	109.39
21 June 2017	121.43	109.31	106.88	109.75
28 June 2017	120.88	109.03	106.06	109.81
5 July 2017	122.23	108.64	104.73	109.30
12 July 2017	121.33	108.50	104.50	109.43
19 July 2017	118.27	107.27	103.85	108.88
26 July 2017	118.81	106.70	102.39	108.73
2 August 2017	119.69	106.37	101.21	108.29
9 August 2017	120.60	106.69	101.22	107.98
16 August 2017	119.84	106.69	101.40	107.37
23 August 2017	119.10	106.37	101.27	107.28
30 August 2017	119.46	105.82	100.02	106.56
6 September 2017	119.78	105.43	100.13	105.44
13 September 2017	119.26	104.69	99.52	104.82
20 September 2017	119.27	105.03	99.75	105.67
27 September 2017	120.55	105.85	100.55	106.47
4 October 2017	122.51	106.70	101.29	107.11
11 October 2017	124.80	106.93	101.27	106.50
18 October 2017	127.45	106.99	101.01	106.24
25 October 2017	128.13	107.52	101.13	106.68
1 November 2017	128.75	108.25	102.47	106.80
8 November 2017	128.51	108.16	102.68	106.68
15 November 2017	128.93	107.99	101.76	106.77
22 November 2017	127.28	107.43	101.30	106.60
29 November 2017	124.74	106.63	100.22	106.28
6 December 2017	125.86	106.91	100.58	106.47
13 December 2017	128.10	107.64	101.31	106.54
20 December 2017	128.77	107.44	100.93	106.28
27 December 2017	131.94	107.38	100.44	105.66
3 January 2018	131.57	106.44	99.24	104.75
10 January 2018	129.54	106.06	99.42	104.65
17 January 2018	127.63	105.23	98.05	103.94
24 January 2018	125.54	104.39	97.13	102.97
31 January 2018	125.03	103.42	96.02	101.65
7 February 2018	124.95	103.81	96.13	101.18
14 February 2018	126.05	104.51	96.94	101.81
21 February 2018	124.99	103.95	96.17	102.04
28 February 2018	125.84	104.51	97.13	101.85
7 March 2018	126.59	104.75	96.66	101.99
14 March 2018	125.22	104.49	96.58	101.82
21 March 2018	125.84	104.85	96.97	101.83
28 March 2018	123.78	104.13	96.35	101.35
4 April 2018	122.67	104.17	96.99	101.19
11 April 2018	122.71	104.08	96.85	101.27
18 April 2018	121.48	103.74	96.55	101.05
25 April 2018	126.05	105.09	97.34	101.45
2 May 2018	126.80	106.05	98.92	102.03
9 May 2018	130.39	107.04	100.09	102.38
16 May 2018	131.38	107.18	100.23	102.25
23 May 2018	133.30	107.94	101.35	102.62
30 May 2018	132.39	108.15	102.31	103.02
6 June 2018	135.24	108.34	101.91	103.09
13 June 2018	138.24	108.55	101.09	102.97
20 June 2018	138.41	109.72	102.73	103.74
27 June 2018	135.29	109.85	102.45	105.28
4 July 2018	133.26	110.02	102.52	106.80
11 July 2018	128.51	109.16	101.67	106.86
18 July 2018	126.87	109.45	102.11	107.71
25 July 2018	127.68	109.77	102.12	109.09
1 August 2018	125.11	109.21	102.06	109.54
8 August 2018	124.70	109.51	102.83	110.04
15 August 2018	128.00	110.82	104.50	110.64
22 August 2018	127.57	110.58	103.92	110.40
29 August 2018	126.92	109.99	102.27	109.82
5 September 2018	129.79	110.87	102.71	110.03
12 September 2018	129.40	110.94	102.74	110.28
19 September 2018	126.63	110.28	102.08	110.32
26 September 2018	127.10	110.01	101.40	110.41
3 October 2018	126.20	110.34	102.88	110.62
10 October 2018	128.31	111.00	103.59	110.99
17 October 2018	126.95	110.57	103.04	111.25
24 October 2018	130.04	111.43	103.95	111.68
31 October 2018	133.04	112.23	104.86	112.00
7 November 2018	134.33	111.93	104.51	111.29
14 November 2018	136.66	112.62	105.18	111.84
21 November 2018	136.49	112.43	104.66	111.66
28 November 2018	137.76	113.00	105.42	111.83
5 December 2018	136.75	112.43	105.02	111.11
12 December 2018	136.61	112.72	104.93	110.86
19 December 2018	135.69	112.72	104.98	110.96
26 December 2018	134.00	112.45	104.45	110.92
2 January 2019	132.16	112.08	104.42	110.57
9 January 2019	130.48	111.11	104.13	110.26
16 January 2019	128.37	110.45	104.13	108.89
23 January 2019	128.51	110.89	104.81	109.24
30 January 2019	127.99	110.47	104.56	108.54
6 February 2019	128.41	110.21	104.30	108.38
13 February 2019	129.40	111.01	105.38	108.84
20 February 2019	129.81	111.09	105.57	108.89

Note: The data, which are in foreign currency units per dollar, are weekly averages of daily data and extend through February 20, 2019. As indicated by the arrow, increases in the data represent U.S. dollar appreciation, and decreases represent U.S. dollar depreciation.

Source: Federal Reserve Board, Statistical Release H.10, "Foreign Exchange Rates."

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Last Update: March 20, 2019

Monetary Policy Report – February 2019