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December 2008 Bluebook Tables and Charts


Recent Developments

[Box:] The FDIC's Temporary Liquidity Guarantee Program

Figure: Debt maturing December 2011*

A line chart shows three series, "Fannie Mae", "JPMorgan", and "Morgan Stanley", from 11/25 through 12/11. Unit is basis points. The "Fannie Mae" series begins at about 162.5 basis points on 11/25, and generally decreases to end at about 134 on 12/11. The "JPMorgan" series begins at about 176 basis points on 11/28, generally increases to about 192 on 12/4, and generally decreases to end at about 165 on 12/11. The "Morgan Stanley" series begins at about 162 on 11/25, and generally decreases to end at about 132 on 12/11.

*Spread to comparable-maturity Treasuries.  Return to text

Figure: Debt maturing June 2012*

A line chart shows "Freddie Mac", "Goldman Sachs", and "Bank of America", from 11/25 through 12/11. Unit is basis points. The "Freddie Mac" series begins at about 180 on 11/25, and generally decreases to end at about 152 on 12/11.

*Spread to comparable-maturity Treasuries. Return to text


Issuance by firm
Floating rate Fixed rate Total
Amer Exp 2.13 3.50 5.63
B of A 2.25 6.75 9.00
Citi 1.75 3.75 5.50
GE Cap 3.00 3.50 6.50
Goldman 1.08 6.90 7.98
HSBC 0.00 2.00 2.00
JPMorgan 1.50 9.05 10.55
Key 0.25 1.00 1.25
M Stanley 1.35 4.75 6.10
Regions 0.75 2.75 3.00
SunTrust 0.75 2.00 3.00
Wells 3.00 3.00 6.00
Total* 18.40 51.41 69.81*

* Includes a total of €4.75 billion and £600 million from Goldman, JPMorgan, and GE Capital.  Return to table


Chart 1
Financial Institutions

Figure: Senior CDS spreads for bank holding companies
Daily
Date Basis points
1 January 2007 12.24
2 January 2007 12.09
3 January 2007 12.26
4 January 2007 12.29
5 January 2007 12.28
8 January 2007 12.17
9 January 2007 12.15
10 January 2007 12.13
11 January 2007 12.08
12 January 2007 12.09
15 January 2007 12.09
16 January 2007 12.14
17 January 2007 11.94
18 January 2007 11.90
19 January 2007 11.91
22 January 2007 11.92
23 January 2007 11.98
24 January 2007 12.01
25 January 2007 11.98
26 January 2007 11.98
29 January 2007 12.06
30 January 2007 12.05
31 January 2007 12.56
1 February 2007 12.80
2 February 2007 12.79
5 February 2007 12.67
6 February 2007 12.57
7 February 2007 12.45
8 February 2007 12.40
9 February 2007 12.51
12 February 2007 13.28
13 February 2007 13.62
14 February 2007 13.00
15 February 2007 12.92
16 February 2007 12.87
19 February 2007 12.89
20 February 2007 13.00
21 February 2007 12.94
22 February 2007 12.98
23 February 2007 14.76
26 February 2007 14.29
27 February 2007 15.32
28 February 2007 14.96
1 March 2007 15.10
2 March 2007 15.06
5 March 2007 16.03
6 March 2007 15.92
7 March 2007 15.33
8 March 2007 15.10
9 March 2007 15.10
12 March 2007 15.40
13 March 2007 16.94
14 March 2007 17.91
15 March 2007 17.56
16 March 2007 18.87
19 March 2007 18.57
20 March 2007 18.54
21 March 2007 17.05
22 March 2007 15.98
23 March 2007 15.99
26 March 2007 15.22
27 March 2007 15.03
28 March 2007 15.75
29 March 2007 15.56
30 March 2007 15.56
2 April 2007 15.79
3 April 2007 15.89
4 April 2007 16.09
5 April 2007 15.80
6 April 2007 15.78
9 April 2007 15.67
10 April 2007 15.63
11 April 2007 15.09
12 April 2007 15.24
13 April 2007 15.30
16 April 2007 15.45
17 April 2007 15.79
18 April 2007 14.79
19 April 2007 14.07
20 April 2007 13.69
23 April 2007 13.52
24 April 2007 12.99
25 April 2007 12.93
26 April 2007 13.01
27 April 2007 12.98
30 April 2007 13.03
1 May 2007 12.75
2 May 2007 12.65
3 May 2007 12.38
4 May 2007 12.36
7 May 2007 12.41
8 May 2007 12.36
9 May 2007 12.22
10 May 2007 12.23
11 May 2007 12.27
14 May 2007 11.99
15 May 2007 12.02
16 May 2007 12.02
17 May 2007 12.06
18 May 2007 12.08
21 May 2007 12.17
22 May 2007 12.12
23 May 2007 12.17
24 May 2007 12.24
25 May 2007 12.21
28 May 2007 12.21
29 May 2007 12.31
30 May 2007 12.38
31 May 2007 12.24
1 June 2007 12.38
4 June 2007 12.24
5 June 2007 12.25
6 June 2007 12.42
7 June 2007 13.00
8 June 2007 13.14
11 June 2007 13.22
12 June 2007 13.36
13 June 2007 13.86
14 June 2007 13.99
15 June 2007 14.03
18 June 2007 14.20
19 June 2007 14.04
20 June 2007 15.00
21 June 2007 15.64
22 June 2007 15.61
25 June 2007 15.86
26 June 2007 15.96
27 June 2007 16.27
28 June 2007 16.25
29 June 2007 17.04
2 July 2007 17.74
3 July 2007 17.76
4 July 2007 17.82
5 July 2007 18.12
6 July 2007 18.35
9 July 2007 18.83
10 July 2007 20.33
11 July 2007 25.72
12 July 2007 24.52
13 July 2007 24.11
16 July 2007 23.98
17 July 2007 24.83
18 July 2007 26.49
19 July 2007 27.11
20 July 2007 33.96
23 July 2007 33.69
24 July 2007 34.51
25 July 2007 38.37
26 July 2007 56.08
27 July 2007 54.81
30 July 2007 54.33
31 July 2007 44.51
1 August 2007 46.75
2 August 2007 46.41
3 August 2007 50.10
6 August 2007 53.72
7 August 2007 52.48
8 August 2007 44.99
9 August 2007 49.52
10 August 2007 54.28
13 August 2007 51.22
14 August 2007 53.35
15 August 2007 54.79
16 August 2007 56.15
17 August 2007 53.28
20 August 2007 45.90
21 August 2007 43.83
22 August 2007 40.82
23 August 2007 39.44
24 August 2007 39.92
27 August 2007 39.24
28 August 2007 40.60
29 August 2007 42.27
30 August 2007 45.56
31 August 2007 43.63
3 September 2007 43.40
4 September 2007 44.19
5 September 2007 44.93
6 September 2007 44.85
7 September 2007 46.36
10 September 2007 46.41
11 September 2007 46.14
12 September 2007 46.96
13 September 2007 44.55
14 September 2007 44.02
17 September 2007 42.86
18 September 2007 37.96
19 September 2007 30.98
20 September 2007 30.91
21 September 2007 30.97
24 September 2007 32.79
25 September 2007 35.00
26 September 2007 32.86
27 September 2007 33.33
28 September 2007 33.95
1 October 2007 32.87
2 October 2007 31.21
3 October 2007 31.16
4 October 2007 29.70
5 October 2007 28.81
8 October 2007 28.86
9 October 2007 27.38
10 October 2007 26.36
11 October 2007 25.08
12 October 2007 24.83
15 October 2007 24.97
16 October 2007 29.23
17 October 2007 32.90
18 October 2007 35.79
19 October 2007 37.32
22 October 2007 42.24
23 October 2007 39.74
24 October 2007 41.44
25 October 2007 43.58
26 October 2007 45.03
29 October 2007 43.76
30 October 2007 44.51
31 October 2007 45.79
1 November 2007 54.49
2 November 2007 59.66
5 November 2007 63.34
6 November 2007 60.50
7 November 2007 70.58
8 November 2007 73.05
9 November 2007 74.50
12 November 2007 74.17
13 November 2007 69.39
14 November 2007 63.46
15 November 2007 67.54
16 November 2007 68.11
19 November 2007 73.04
20 November 2007 77.32
21 November 2007 83.76
22 November 2007 83.93
23 November 2007 80.64
26 November 2007 79.28
27 November 2007 75.62
28 November 2007 65.11
29 November 2007 65.41
30 November 2007 61.39
3 December 2007 66.02
4 December 2007 68.94
5 December 2007 66.75
6 December 2007 60.95
7 December 2007 56.38
10 December 2007 52.76
11 December 2007 56.57
12 December 2007 55.84
13 December 2007 59.54
14 December 2007 59.48
17 December 2007 61.42
18 December 2007 62.54
19 December 2007 63.41
20 December 2007 63.62
21 December 2007 63.65
24 December 2007 63.60
25 December 2007 63.61
26 December 2007 63.03
27 December 2007 62.96
28 December 2007 62.65
31 December 2007 62.55
1 January 2008 62.57
2 January 2008 66.22
3 January 2008 69.22
4 January 2008 73.45
7 January 2008 77.04
8 January 2008 77.96
9 January 2008 84.88
10 January 2008 84.17
11 January 2008 88.25
14 January 2008 85.76
15 January 2008 84.20
16 January 2008 81.20
17 January 2008 84.34
18 January 2008 88.69
21 January 2008 90.94
22 January 2008 95.43
23 January 2008 84.06
24 January 2008 73.49
25 January 2008 72.58
28 January 2008 74.30
29 January 2008 72.89
30 January 2008 73.15
31 January 2008 76.78
1 February 2008 74.70
4 February 2008 75.01
5 February 2008 80.01
6 February 2008 81.02
7 February 2008 83.87
8 February 2008 87.51
11 February 2008 94.17
12 February 2008 96.43
13 February 2008 98.37
14 February 2008 99.48
15 February 2008 108.88
18 February 2008 109.45
19 February 2008 112.40
20 February 2008 115.83
21 February 2008 113.29
22 February 2008 113.35
25 February 2008 112.24
26 February 2008 109.88
27 February 2008 111.84
28 February 2008 119.76
29 February 2008 130.83
3 March 2008 137.66
4 March 2008 152.09
5 March 2008 150.50
6 March 2008 170.78
7 March 2008 171.96
10 March 2008 187.02
11 March 2008 178.29
12 March 2008 179.53
13 March 2008 190.07
14 March 2008 208.11
17 March 2008 209.92
18 March 2008 143.49
19 March 2008 136.39
20 March 2008 133.84
21 March 2008 133.97
24 March 2008 107.46
25 March 2008 110.22
26 March 2008 119.50
27 March 2008 121.29
28 March 2008 123.33
31 March 2008 123.22
1 April 2008 113.07
2 April 2008 106.34
3 April 2008 103.55
4 April 2008 98.77
7 April 2008 92.23
8 April 2008 99.91
9 April 2008 107.45
10 April 2008 112.55
11 April 2008 113.52
14 April 2008 114.38
15 April 2008 111.68
16 April 2008 99.34
17 April 2008 95.60
18 April 2008 80.05
21 April 2008 82.99
22 April 2008 86.85
23 April 2008 87.89
24 April 2008 89.97
25 April 2008 85.51
28 April 2008 81.35
29 April 2008 81.99
30 April 2008 76.87
1 May 2008 71.30
2 May 2008 66.10
5 May 2008 69.55
6 May 2008 76.71
7 May 2008 78.48
8 May 2008 79.61
9 May 2008 81.33
12 May 2008 79.52
13 May 2008 77.64
14 May 2008 75.40
15 May 2008 73.30
16 May 2008 70.57
19 May 2008 69.77
20 May 2008 71.98
21 May 2008 75.31
22 May 2008 85.54
23 May 2008 86.79
26 May 2008 87.14
27 May 2008 90.41
28 May 2008 87.09
29 May 2008 86.57
30 May 2008 84.90
2 June 2008 89.45
3 June 2008 91.96
4 June 2008 96.19
5 June 2008 91.49
6 June 2008 94.26
9 June 2008 94.95
10 June 2008 98.87
11 June 2008 101.21
12 June 2008 99.87
13 June 2008 99.74
16 June 2008 98.20
17 June 2008 91.43
18 June 2008 96.19
19 June 2008 103.42
20 June 2008 110.89
23 June 2008 108.67
24 June 2008 111.00
25 June 2008 108.96
26 June 2008 125.43
27 June 2008 126.42
30 June 2008 125.31
1 July 2008 129.10
2 July 2008 124.72
3 July 2008 125.21
4 July 2008 125.29
7 July 2008 124.79
8 July 2008 125.95
9 July 2008 121.52
10 July 2008 127.44
11 July 2008 134.09
14 July 2008 138.49
15 July 2008 157.91
16 July 2008 147.53
17 July 2008 138.24
18 July 2008 136.26
21 July 2008 126.33
22 July 2008 126.40
23 July 2008 112.69
24 July 2008 115.53
25 July 2008 126.59
28 July 2008 129.71
29 July 2008 126.33
30 July 2008 118.21
31 July 2008 118.69
1 August 2008 119.77
4 August 2008 120.71
5 August 2008 116.70
6 August 2008 115.71
7 August 2008 119.07
8 August 2008 121.36
11 August 2008 119.67
12 August 2008 122.74
13 August 2008 130.35
14 August 2008 130.03
15 August 2008 131.00
18 August 2008 136.00
19 August 2008 147.71
20 August 2008 145.73
21 August 2008 151.00
22 August 2008 144.19
25 August 2008 146.03
26 August 2008 148.48
27 August 2008 148.00
28 August 2008 140.54
29 August 2008 139.32
1 September 2008 139.27
2 September 2008 133.95
3 September 2008 137.41
4 September 2008 142.98
5 September 2008 146.75
8 September 2008 137.99
9 September 2008 149.02
10 September 2008 151.30
11 September 2008 160.82
12 September 2008 171.43
15 September 2008 231.99
16 September 2008 241.12
17 September 2008 287.61
18 September 2008 250.21
19 September 2008 178.43
22 September 2008 163.96
23 September 2008 182.17
24 September 2008 188.00
25 September 2008 180.90
26 September 2008 227.76
29 September 2008 241.59
30 September 2008 223.14
1 October 2008 223.33
2 October 2008 233.44
3 October 2008 250.89
6 October 2008 262.05
7 October 2008 265.11
8 October 2008 264.50
9 October 2008 271.09
10 October 2008 265.98
13 October 2008 264.15
14 October 2008 121.95
15 October 2008 136.58
16 October 2008 137.38
17 October 2008 138.75
20 October 2008 136.10
21 October 2008 134.26
22 October 2008 145.65
23 October 2008 152.37
24 October 2008 161.62
27 October 2008 163.57
28 October 2008 162.57
29 October 2008 163.19
30 October 2008 161.13
31 October 2008 162.11
3 November 2008 165.00
4 November 2008 160.51
5 November 2008 159.93
6 November 2008 164.43
7 November 2008 166.25
10 November 2008 163.44
11 November 2008 162.40
12 November 2008 170.57
13 November 2008 174.03
14 November 2008 176.32
17 November 2008 181.82
18 November 2008 183.71
19 November 2008 248.21
20 November 2008 275.55
21 November 2008 286.02
24 November 2008 218.52
25 November 2008 220.84
26 November 2008 219.89
27 November 2008 219.77
28 November 2008 219.28
1 December 2008 223.18
2 December 2008 223.62
3 December 2008 225.91
4 December 2008 227.08
5 December 2008 223.37
8 December 2008 212.79
9 December 2008 210.54
10 December 2008 205.80

As shown in the figure, a vertical line marks the FOMC meeting on October 28-29, 2008.

Note. Median spreads for 6 bank holding companies.

Source. Markit.


Figure: CDS spreads for insurance companies*
Daily
Date Basis points
1 January 2007 21.04
2 January 2007 21.04
3 January 2007 21.04
4 January 2007 21.04
5 January 2007 21.04
8 January 2007 21.04
9 January 2007 21.64
10 January 2007 21.64
11 January 2007 21.75
12 January 2007 21.75
15 January 2007 21.75
16 January 2007 21.76
17 January 2007 22.30
18 January 2007 21.56
19 January 2007 22.34
22 January 2007 22.22
23 January 2007 22.17
24 January 2007 21.94
25 January 2007 21.71
26 January 2007 21.66
29 January 2007 20.95
30 January 2007 20.27
31 January 2007 20.06
1 February 2007 20.02
2 February 2007 19.99
5 February 2007 19.78
6 February 2007 19.76
7 February 2007 19.70
8 February 2007 19.71
9 February 2007 19.69
12 February 2007 19.77
13 February 2007 20.00
14 February 2007 20.00
15 February 2007 20.17
16 February 2007 20.22
19 February 2007 20.31
20 February 2007 20.84
21 February 2007 21.24
22 February 2007 20.80
23 February 2007 19.96
26 February 2007 19.97
27 February 2007 20.24
28 February 2007 21.02
1 March 2007 21.45
2 March 2007 22.53
5 March 2007 24.13
6 March 2007 24.57
7 March 2007 24.90
8 March 2007 23.78
9 March 2007 23.56
12 March 2007 23.71
13 March 2007 24.40
14 March 2007 25.53
15 March 2007 26.26
16 March 2007 26.47
19 March 2007 26.36
20 March 2007 26.24
21 March 2007 25.94
22 March 2007 25.64
23 March 2007 25.25
26 March 2007 25.25
27 March 2007 25.52
28 March 2007 25.67
29 March 2007 25.89
30 March 2007 26.04
2 April 2007 26.05
3 April 2007 26.05
4 April 2007 26.05
5 April 2007 25.87
6 April 2007 25.87
9 April 2007 25.96
10 April 2007 25.87
11 April 2007 25.25
12 April 2007 25.36
13 April 2007 25.28
16 April 2007 25.34
17 April 2007 25.29
18 April 2007 25.34
19 April 2007 25.27
20 April 2007 25.19
23 April 2007 25.18
24 April 2007 25.22
25 April 2007 24.01
26 April 2007 24.69
27 April 2007 24.79
30 April 2007 24.66
1 May 2007 24.53
2 May 2007 24.69
3 May 2007 24.16
4 May 2007 24.02
7 May 2007 24.19
8 May 2007 23.75
9 May 2007 24.32
10 May 2007 24.01
11 May 2007 24.00
14 May 2007 24.31
15 May 2007 24.24
16 May 2007 24.24
17 May 2007 24.24
18 May 2007 24.33
21 May 2007 24.33
22 May 2007 24.33
23 May 2007 24.33
24 May 2007 23.72
25 May 2007 24.33
28 May 2007 24.33
29 May 2007 24.79
30 May 2007 24.87
31 May 2007 24.87
1 June 2007 24.87
4 June 2007 24.87
5 June 2007 24.91
6 June 2007 25.00
7 June 2007 25.00
8 June 2007 25.16
11 June 2007 25.09
12 June 2007 25.17
13 June 2007 25.17
14 June 2007 25.27
15 June 2007 25.92
18 June 2007 26.24
19 June 2007 26.26
20 June 2007 26.04
21 June 2007 25.49
22 June 2007 26.01
25 June 2007 26.30
26 June 2007 26.77
27 June 2007 26.76
28 June 2007 26.75
29 June 2007 26.75
2 July 2007 26.75
3 July 2007 26.75
4 July 2007 27.00
5 July 2007 28.22
6 July 2007 28.22
9 July 2007 28.22
10 July 2007 29.32
11 July 2007 30.97
12 July 2007 30.76
13 July 2007 30.48
16 July 2007 29.77
17 July 2007 30.17
18 July 2007 32.88
19 July 2007 33.15
20 July 2007 36.00
23 July 2007 36.00
24 July 2007 36.00
25 July 2007 36.00
26 July 2007 38.90
27 July 2007 40.81
30 July 2007 43.00
31 July 2007 42.72
1 August 2007 43.11
2 August 2007 43.24
3 August 2007 43.44
6 August 2007 44.50
7 August 2007 45.89
8 August 2007 44.25
9 August 2007 43.42
10 August 2007 43.42
13 August 2007 44.16
14 August 2007 45.70
15 August 2007 45.41
16 August 2007 45.46
17 August 2007 50.58
20 August 2007 51.96
21 August 2007 49.50
22 August 2007 46.37
23 August 2007 46.12
24 August 2007 45.91
27 August 2007 45.44
28 August 2007 46.09
29 August 2007 45.83
30 August 2007 46.34
31 August 2007 46.16
3 September 2007 46.13
4 September 2007 46.12
5 September 2007 45.25
6 September 2007 44.98
7 September 2007 45.59
10 September 2007 45.95
11 September 2007 46.08
12 September 2007 45.38
13 September 2007 44.29
14 September 2007 43.66
17 September 2007 43.18
18 September 2007 41.75
19 September 2007 38.12
20 September 2007 36.34
21 September 2007 36.35
24 September 2007 36.03
25 September 2007 35.94
26 September 2007 35.94
27 September 2007 35.96
28 September 2007 37.20
1 October 2007 36.99
2 October 2007 37.25
3 October 2007 37.31
4 October 2007 36.99
5 October 2007 37.25
8 October 2007 37.27
9 October 2007 36.84
10 October 2007 36.53
11 October 2007 35.34
12 October 2007 34.05
15 October 2007 33.72
16 October 2007 34.30
17 October 2007 34.39
18 October 2007 38.64
19 October 2007 38.84
22 October 2007 38.35
23 October 2007 38.35
24 October 2007 38.35
25 October 2007 42.00
26 October 2007 42.00
29 October 2007 42.00
30 October 2007 42.00
31 October 2007 42.00
1 November 2007 42.00
2 November 2007 42.00
5 November 2007 47.34
6 November 2007 46.98
7 November 2007 47.36
8 November 2007 47.36
9 November 2007 47.36
12 November 2007 47.47
13 November 2007 47.64
14 November 2007 46.90
15 November 2007 46.91
16 November 2007 47.31
19 November 2007 48.97
20 November 2007 47.80
21 November 2007 49.50
22 November 2007 49.50
23 November 2007 49.50
26 November 2007 49.50
27 November 2007 49.50
28 November 2007 49.50
29 November 2007 49.64
30 November 2007 49.60
3 December 2007 49.16
4 December 2007 48.83
5 December 2007 48.92
6 December 2007 48.83
7 December 2007 50.52
10 December 2007 50.52
11 December 2007 50.30
12 December 2007 50.30
13 December 2007 50.22
14 December 2007 49.75
17 December 2007 49.75
18 December 2007 50.18
19 December 2007 50.18
20 December 2007 49.80
21 December 2007 49.56
24 December 2007 49.56
25 December 2007 49.56
26 December 2007 49.58
27 December 2007 49.57
28 December 2007 49.55
31 December 2007 49.56
1 January 2008 49.56
2 January 2008 49.58
3 January 2008 49.78
4 January 2008 51.22
7 January 2008 52.45
8 January 2008 51.74
9 January 2008 52.84
10 January 2008 54.34
11 January 2008 54.23
14 January 2008 53.77
15 January 2008 54.37
16 January 2008 53.75
17 January 2008 54.44
18 January 2008 56.51
21 January 2008 56.51
22 January 2008 63.28
23 January 2008 64.79
24 January 2008 64.34
25 January 2008 62.90
28 January 2008 64.52
29 January 2008 64.13
30 January 2008 64.62
31 January 2008 66.18
1 February 2008 65.37
4 February 2008 65.00
5 February 2008 66.21
6 February 2008 68.80
7 February 2008 68.80
8 February 2008 68.80
11 February 2008 75.65
12 February 2008 78.63
13 February 2008 81.05
14 February 2008 84.14
15 February 2008 84.74
18 February 2008 87.32
19 February 2008 93.04
20 February 2008 120.00
21 February 2008 124.12
22 February 2008 120.79
25 February 2008 115.16
26 February 2008 95.01
27 February 2008 94.96
28 February 2008 100.25
29 February 2008 103.42
3 March 2008 105.73
4 March 2008 106.12
5 March 2008 104.65
6 March 2008 109.95
7 March 2008 109.95
10 March 2008 114.97
11 March 2008 114.97
12 March 2008 114.98
13 March 2008 119.54
14 March 2008 120.08
17 March 2008 120.59
18 March 2008 115.76
19 March 2008 108.43
20 March 2008 108.71
21 March 2008 108.65
24 March 2008 99.01
25 March 2008 97.24
26 March 2008 95.12
27 March 2008 98.07
28 March 2008 98.68
31 March 2008 98.88
1 April 2008 95.19
2 April 2008 94.54
3 April 2008 99.17
4 April 2008 95.89
7 April 2008 94.58
8 April 2008 95.00
9 April 2008 96.67
10 April 2008 96.67
11 April 2008 96.67
14 April 2008 96.67
15 April 2008 96.71
16 April 2008 97.16
17 April 2008 96.56
18 April 2008 91.40
21 April 2008 92.00
22 April 2008 90.31
23 April 2008 91.45
24 April 2008 89.50
25 April 2008 89.50
28 April 2008 89.00
29 April 2008 81.07
30 April 2008 79.44
1 May 2008 87.30
2 May 2008 79.38
5 May 2008 80.66
6 May 2008 77.22
7 May 2008 77.22
8 May 2008 80.88
9 May 2008 79.46
12 May 2008 80.88
13 May 2008 78.93
14 May 2008 77.45
15 May 2008 79.71
16 May 2008 79.19
19 May 2008 78.37
20 May 2008 78.87
21 May 2008 78.35
22 May 2008 78.42
23 May 2008 78.56
26 May 2008 78.57
27 May 2008 79.95
28 May 2008 79.34
29 May 2008 80.99
30 May 2008 81.93
2 June 2008 81.80
3 June 2008 81.56
4 June 2008 81.56
5 June 2008 81.95
6 June 2008 82.99
9 June 2008 87.45
10 June 2008 88.00
11 June 2008 89.75
12 June 2008 89.50
13 June 2008 89.50
16 June 2008 89.50
17 June 2008 89.50
18 June 2008 90.00
19 June 2008 88.58
20 June 2008 90.00
23 June 2008 90.00
24 June 2008 90.25
25 June 2008 90.90
26 June 2008 92.63
27 June 2008 95.09
30 June 2008 94.50
1 July 2008 94.72
2 July 2008 92.25
3 July 2008 92.28
4 July 2008 92.28
7 July 2008 92.25
8 July 2008 92.53
9 July 2008 92.72
10 July 2008 93.00
11 July 2008 93.21
14 July 2008 92.73
15 July 2008 94.00
16 July 2008 94.00
17 July 2008 94.00
18 July 2008 94.12
21 July 2008 94.47
22 July 2008 94.92
23 July 2008 94.90
24 July 2008 95.13
25 July 2008 95.43
28 July 2008 95.88
29 July 2008 95.68
30 July 2008 95.76
31 July 2008 97.02
1 August 2008 96.65
4 August 2008 96.90
5 August 2008 96.78
6 August 2008 97.27
7 August 2008 99.63
8 August 2008 99.67
11 August 2008 99.47
12 August 2008 99.59
13 August 2008 99.67
14 August 2008 99.67
15 August 2008 99.56
18 August 2008 100.00
19 August 2008 100.00
20 August 2008 100.00
21 August 2008 100.00
22 August 2008 100.00
25 August 2008 100.00
26 August 2008 98.18
27 August 2008 99.50
28 August 2008 99.50
29 August 2008 100.00
1 September 2008 100.00
2 September 2008 102.00
3 September 2008 100.00
4 September 2008 100.00
5 September 2008 100.00
8 September 2008 100.00
9 September 2008 100.00
10 September 2008 100.00
11 September 2008 100.00
12 September 2008 100.00
15 September 2008 108.00
16 September 2008 117.72
17 September 2008 114.57
18 September 2008 114.04
19 September 2008 111.96
22 September 2008 110.12
23 September 2008 114.00
24 September 2008 110.07
25 September 2008 108.96
26 September 2008 109.19
29 September 2008 118.05
30 September 2008 115.28
1 October 2008 120.00
2 October 2008 124.72
3 October 2008 125.32
6 October 2008 126.96
7 October 2008 126.39
8 October 2008 129.12
9 October 2008 150.00
10 October 2008 150.00
13 October 2008 175.96
14 October 2008 179.99
15 October 2008 175.84
16 October 2008 181.72
17 October 2008 177.19
20 October 2008 183.67
21 October 2008 173.25
22 October 2008 170.90
23 October 2008 159.00
24 October 2008 194.22
27 October 2008 191.50
28 October 2008 200.00
29 October 2008 200.00
30 October 2008 200.00
31 October 2008 200.25
3 November 2008 196.97
4 November 2008 191.28
5 November 2008 187.62
6 November 2008 184.79
7 November 2008 169.50
10 November 2008 159.67
11 November 2008 167.33
12 November 2008 167.00
13 November 2008 167.00
14 November 2008 172.67
17 November 2008 174.67
18 November 2008 174.50
19 November 2008 177.00
20 November 2008 193.06
21 November 2008 196.30
24 November 2008 197.47
25 November 2008 187.28
26 November 2008 185.78
27 November 2008 185.78
28 November 2008 188.28
1 December 2008 194.94
2 December 2008 189.50
3 December 2008 199.00
4 December 2008 196.79
5 December 2008 194.97
8 December 2008 191.72
9 December 2008 192.32
10 December 2008 196.00

As shown in the figure, a vertical line marks the FOMC meeting on October 28-29, 2008.

* Median spreads for 59 insurance companies.  Return to table

Source. Markit.


Figure: Bank and insurance ETFs
Daily
January 3, 2007 = 100
Date Banks Insurance companies
3 January 2007 100.00 100.00
4 January 2007 100.03 99.74
5 January 2007 99.03 98.88
6 January 2007 ND 98.90
7 January 2007 ND 98.92
8 January 2007 99.30 98.94
9 January 2007 99.13 98.48
10 January 2007 99.04 98.61
11 January 2007 99.39 99.14
12 January 2007 99.37 99.35
13 January 2007 ND 99.37
14 January 2007 ND 99.40
15 January 2007 ND 99.42
16 January 2007 99.33 99.45
17 January 2007 99.44 99.01
18 January 2007 99.39 98.92
19 January 2007 99.56 99.08
20 January 2007 ND 98.90
21 January 2007 ND 98.72
22 January 2007 99.45 98.54
23 January 2007 99.61 98.77
24 January 2007 99.76 99.40
25 January 2007 99.11 98.11
26 January 2007 98.96 98.30
27 January 2007 ND 98.33
28 January 2007 ND 98.36
29 January 2007 99.03 98.40
30 January 2007 99.06 99.28
31 January 2007 99.93 98.81
1 February 2007 100.61 100.03
2 February 2007 100.96 100.34
3 February 2007 ND 100.33
4 February 2007 ND 100.33
5 February 2007 100.80 100.32
6 February 2007 101.55 101.14
7 February 2007 101.62 101.48
8 February 2007 100.89 101.12
9 February 2007 100.55 100.42
10 February 2007 ND 100.39
11 February 2007 ND 100.37
12 February 2007 100.90 100.34
13 February 2007 101.60 101.20
14 February 2007 101.83 101.74
15 February 2007 102.54 101.69
16 February 2007 102.66 101.84
17 February 2007 ND 101.94
18 February 2007 ND 102.03
19 February 2007 ND 102.13
20 February 2007 102.94 102.22
21 February 2007 102.78 101.87
22 February 2007 102.66 102.00
23 February 2007 101.62 101.23
24 February 2007 ND 101.19
25 February 2007 ND 101.16
26 February 2007 101.31 101.13
27 February 2007 98.21 98.15
28 February 2007 98.63 98.67
1 March 2007 98.53 98.50
2 March 2007 97.66 98.15
3 March 2007 ND 97.84
4 March 2007 ND 97.53
5 March 2007 96.02 97.22
6 March 2007 97.92 98.14
7 March 2007 97.53 97.74
8 March 2007 97.58 98.34
9 March 2007 97.46 98.56
10 March 2007 ND 98.55
11 March 2007 ND 98.54
12 March 2007 97.75 98.52
13 March 2007 94.52 96.09
14 March 2007 93.79 96.29
15 March 2007 95.90 96.94
16 March 2007 95.24 96.78
17 March 2007 ND 97.10
18 March 2007 ND 97.42
19 March 2007 95.82 97.74
20 March 2007 96.67 98.47
21 March 2007 98.99 99.88
22 March 2007 98.26 99.44
23 March 2007 98.40 99.68
24 March 2007 ND 99.67
25 March 2007 ND 99.66
26 March 2007 97.66 99.65
27 March 2007 97.41 99.05
28 March 2007 96.72 98.29
29 March 2007 96.96 98.70
30 March 2007 96.94 98.62
31 March 2007 ND 98.60
1 April 2007 ND 98.57
2 April 2007 95.17 98.54
3 April 2007 96.33 99.51
4 April 2007 96.04 99.38
5 April 2007 96.42 99.46
6 April 2007 ND 99.43
7 April 2007 ND 99.41
8 April 2007 ND 99.38
9 April 2007 96.02 99.35
10 April 2007 96.40 99.46
11 April 2007 95.49 99.34
12 April 2007 95.48 99.62
13 April 2007 96.04 100.01
14 April 2007 ND 100.42
15 April 2007 ND 100.84
16 April 2007 98.04 101.26
17 April 2007 97.99 101.81
18 April 2007 99.56 102.20
19 April 2007 99.33 102.00
20 April 2007 99.54 103.05
21 April 2007 ND 102.90
22 April 2007 ND 102.75
23 April 2007 98.89 102.60
24 April 2007 98.07 102.80
25 April 2007 99.68 104.61
26 April 2007 99.15 104.39
27 April 2007 99.15 104.47
28 April 2007 ND 104.25
29 April 2007 ND 104.04
30 April 2007 98.41 103.82
1 May 2007 98.82 103.63
2 May 2007 99.13 104.53
3 May 2007 99.66 105.81
4 May 2007 99.91 106.13
5 May 2007 ND 106.32
6 May 2007 ND 106.51
7 May 2007 100.27 106.71
8 May 2007 99.81 106.50
9 May 2007 100.60 106.85
10 May 2007 99.40 106.09
11 May 2007 99.62 107.01
12 May 2007 ND 106.91
13 May 2007 ND 106.80
14 May 2007 99.06 106.70
15 May 2007 99.25 106.65
16 May 2007 100.20 107.20
17 May 2007 100.24 106.91
18 May 2007 100.41 107.16
19 May 2007 ND 107.16
20 May 2007 ND 107.16
21 May 2007 100.55 107.16
22 May 2007 100.36 107.09
23 May 2007 100.53 106.65
24 May 2007 99.51 105.62
25 May 2007 99.54 105.89
26 May 2007 ND 105.90
27 May 2007 ND 105.92
28 May 2007 ND 105.94
29 May 2007 99.64 105.95
30 May 2007 100.15 106.49
31 May 2007 99.85 106.38
1 June 2007 100.29 106.64
2 June 2007 ND 106.65
3 June 2007 ND 106.67
4 June 2007 100.17 106.68
5 June 2007 99.64 106.01
6 June 2007 98.53 105.33
7 June 2007 97.29 103.38
8 June 2007 97.30 104.43
9 June 2007 ND 104.61
10 June 2007 ND 104.80
11 June 2007 98.69 104.99
12 June 2007 97.85 103.93
13 June 2007 98.57 105.03
14 June 2007 98.99 105.30
15 June 2007 97.71 105.49
16 June 2007 ND 105.49
17 June 2007 ND 105.48
18 June 2007 97.76 105.48
19 June 2007 98.17 105.86
20 June 2007 97.30 104.21
21 June 2007 96.36 104.52
22 June 2007 95.14 103.32
23 June 2007 ND 103.25
24 June 2007 ND 103.17
25 June 2007 94.59 103.09
26 June 2007 94.67 103.10
27 June 2007 94.01 103.39
28 June 2007 95.02 103.71
29 June 2007 94.69 103.52
30 June 2007 ND 103.86
1 July 2007 ND 104.20
2 July 2007 95.66 104.55
3 July 2007 96.30 104.81
4 July 2007 ND 104.45
5 July 2007 95.65 104.09
6 July 2007 ND 104.37
7 July 2007 ND 104.34
8 July 2007 ND 104.30
9 July 2007 95.34 104.27
10 July 2007 93.48 101.94
11 July 2007 93.62 102.49
12 July 2007 95.90 103.56
13 July 2007 96.43 103.42
14 July 2007 ND 103.32
15 July 2007 ND 103.22
16 July 2007 96.55 103.12
17 July 2007 97.35 102.55
18 July 2007 95.61 101.82
19 July 2007 94.98 101.82
20 July 2007 93.62 100.03
21 July 2007 ND 100.25
22 July 2007 ND 100.47
23 July 2007 93.41 100.69
24 July 2007 90.77 98.03
25 July 2007 91.36 99.87
26 July 2007 89.18 97.44
27 July 2007 88.45 95.34
28 July 2007 ND 95.56
29 July 2007 ND 95.78
30 July 2007 90.07 96.00
31 July 2007 88.19 94.60
1 August 2007 87.93 95.49
2 August 2007 89.21 95.84
3 August 2007 85.68 91.55
4 August 2007 ND 92.90
5 August 2007 ND 94.25
6 August 2007 90.24 95.60
7 August 2007 91.57 95.87
8 August 2007 90.95 97.06
9 August 2007 89.64 93.02
10 August 2007 88.75 94.30
11 August 2007 ND 94.31
12 August 2007 ND 94.33
13 August 2007 88.84 94.34
14 August 2007 86.19 92.19
15 August 2007 85.68 91.60
16 August 2007 90.70 93.53
17 August 2007 92.97 96.86
18 August 2007 ND 96.57
19 August 2007 ND 96.29
20 August 2007 91.04 96.00
21 August 2007 92.34 95.99
22 August 2007 91.88 97.99
23 August 2007 91.31 97.25
24 August 2007 91.86 98.29
25 August 2007 ND 97.94
26 August 2007 ND 97.60
27 August 2007 91.40 97.26
28 August 2007 87.93 94.12
29 August 2007 89.40 95.75
30 August 2007 88.41 94.61
31 August 2007 89.98 95.43
1 September 2007 ND 95.71
2 September 2007 ND 96.00
3 September 2007 ND 96.28
4 September 2007 90.17 96.57
5 September 2007 88.55 95.37
6 September 2007 88.55 94.95
7 September 2007 87.39 93.48
8 September 2007 ND 93.43
9 September 2007 ND 93.39
10 September 2007 87.35 93.34
11 September 2007 88.07 94.50
12 September 2007 87.90 94.29
13 September 2007 89.25 95.63
14 September 2007 89.67 95.51
15 September 2007 ND 95.27
16 September 2007 ND 95.03
17 September 2007 89.35 94.79
18 September 2007 93.28 98.54
19 September 2007 93.63 99.41
20 September 2007 92.00 97.80
21 September 2007 91.02 98.22
22 September 2007 ND 97.85
23 September 2007 ND 97.48
24 September 2007 89.54 97.11
25 September 2007 89.25 97.53
26 September 2007 89.26 98.29
27 September 2007 89.57 99.44
28 September 2007 89.44 99.84
29 September 2007 ND 100.44
30 September 2007 ND 101.03
1 October 2007 90.85 101.63
2 October 2007 91.24 101.63
3 October 2007 91.71 101.18
4 October 2007 91.94 101.67
5 October 2007 92.83 103.06
6 October 2007 ND 102.90
7 October 2007 ND 102.74
8 October 2007 92.40 102.58
9 October 2007 92.46 103.44
10 October 2007 91.72 102.66
11 October 2007 91.48 102.14
12 October 2007 90.87 102.60
13 October 2007 ND 102.11
14 October 2007 ND 101.62
15 October 2007 89.14 101.13
16 October 2007 87.52 99.71
17 October 2007 87.27 99.15
18 October 2007 86.24 98.16
19 October 2007 84.57 95.43
20 October 2007 ND 95.96
21 October 2007 ND 96.50
22 October 2007 85.36 97.03
23 October 2007 85.17 96.75
24 October 2007 85.20 95.95
25 October 2007 85.03 95.28
26 October 2007 87.20 97.12
27 October 2007 ND 97.05
28 October 2007 ND 96.98
29 October 2007 86.81 96.91
30 October 2007 86.58 96.25
31 October 2007 86.57 96.38
1 November 2007 83.09 94.27
2 November 2007 81.58 93.48
3 November 2007 ND 93.30
4 November 2007 ND 93.13
5 November 2007 80.75 92.95
6 November 2007 82.32 94.37
7 November 2007 77.39 91.03
8 November 2007 78.67 91.75
9 November 2007 79.25 92.23
10 November 2007 ND 92.36
11 November 2007 ND 92.50
12 November 2007 80.70 92.64
13 November 2007 83.79 95.65
14 November 2007 82.56 95.55
15 November 2007 79.42 93.64
16 November 2007 78.65 93.36
17 November 2007 ND 92.68
18 November 2007 ND 92.01
19 November 2007 76.72 91.33
20 November 2007 75.25 91.18
21 November 2007 75.52 88.81
22 November 2007 ND 89.83
23 November 2007 77.76 90.86
24 November 2007 ND 89.97
25 November 2007 ND 89.09
26 November 2007 74.31 88.21
27 November 2007 76.04 90.46
28 November 2007 80.71 93.65
29 November 2007 79.18 92.84
30 November 2007 82.27 94.34
1 December 2007 ND 94.17
2 December 2007 ND 93.99
3 December 2007 81.45 93.82
4 December 2007 80.08 92.78
5 December 2007 81.12 94.14
6 December 2007 82.90 96.16
7 December 2007 81.72 95.76
8 December 2007 ND 96.22
9 December 2007 ND 96.68
10 December 2007 83.91 97.14
11 December 2007 79.57 93.19
12 December 2007 77.21 93.60
13 December 2007 76.80 93.21
14 December 2007 76.09 91.20
15 December 2007 ND 91.04
16 December 2007 ND 90.88
17 December 2007 75.75 90.72
18 December 2007 76.11 91.32
19 December 2007 75.37 91.23
20 December 2007 74.98 90.26
21 December 2007 75.46 92.36
22 December 2007 ND 92.96
23 December 2007 ND 93.56
24 December 2007 76.51 94.16
25 December 2007 ND 93.92
26 December 2007 76.16 93.68
27 December 2007 74.93 92.07
28 December 2007 74.07 91.98
29 December 2007 ND 92.00
30 December 2007 ND 92.02
31 December 2007 74.33 92.04
1 January 2008 ND 91.07
2 January 2008 72.54 90.09
3 January 2008 72.38 90.21
4 January 2008 69.99 88.93
5 January 2008 ND 89.19
6 January 2008 ND 89.44
7 January 2008 70.40 89.69
8 January 2008 67.67 87.14
9 January 2008 68.89 88.38
10 January 2008 70.29 89.92
11 January 2008 70.69 89.42
12 January 2008 ND 89.61
13 January 2008 ND 89.80
14 January 2008 70.87 89.99
15 January 2008 68.60 88.29
16 January 2008 69.45 88.57
17 January 2008 66.36 84.68
18 January 2008 65.25 82.06
19 January 2008 ND 82.18
20 January 2008 ND 82.30
21 January 2008 ND 82.42
22 January 2008 67.57 82.54
23 January 2008 72.64 85.13
24 January 2008 73.84 85.03
25 January 2008 72.59 82.94
26 January 2008 ND 83.91
27 January 2008 ND 84.87
28 January 2008 75.95 85.84
29 January 2008 76.96 87.14
30 January 2008 76.29 85.20
31 January 2008 79.45 87.00
1 February 2008 80.61 88.18
2 February 2008 ND 87.83
3 February 2008 ND 87.49
4 February 2008 77.47 87.14
5 February 2008 74.79 83.98
6 February 2008 74.33 83.77
7 February 2008 75.68 83.93
8 February 2008 74.02 82.57
9 February 2008 ND 81.64
10 February 2008 ND 80.71
11 February 2008 73.15 79.78
12 February 2008 74.50 81.47
13 February 2008 75.06 81.99
14 February 2008 73.25 81.27
15 February 2008 72.95 82.20
16 February 2008 ND 82.21
17 February 2008 ND 82.22
18 February 2008 ND 82.23
19 February 2008 72.56 82.24
20 February 2008 73.72 83.05
21 February 2008 72.81 82.48
22 February 2008 73.48 83.60
23 February 2008 ND 84.02
24 February 2008 ND 84.43
25 February 2008 74.30 84.84
26 February 2008 75.10 85.72
27 February 2008 74.89 86.50
28 February 2008 72.61 84.13
29 February 2008 69.64 81.34
1 March 2008 ND 81.06
2 March 2008 ND 80.79
3 March 2008 67.93 80.52
4 March 2008 67.93 80.37
5 March 2008 67.67 80.08
6 March 2008 64.82 78.13
7 March 2008 65.37 78.26
8 March 2008 ND 77.91
9 March 2008 ND 77.55
10 March 2008 63.97 77.20
11 March 2008 69.11 80.42
12 March 2008 68.25 78.48
13 March 2008 68.27 78.54
14 March 2008 65.81 76.29
15 March 2008 ND 76.13
16 March 2008 ND 75.97
17 March 2008 64.69 75.82
18 March 2008 68.73 79.85
19 March 2008 67.84 78.36
20 March 2008 72.88 81.31
21 March 2008 ND 81.47
22 March 2008 ND 81.64
23 March 2008 ND 81.80
24 March 2008 72.95 81.96
25 March 2008 72.16 81.90
26 March 2008 68.70 80.31
27 March 2008 67.50 79.81
28 March 2008 66.27 79.26
29 March 2008 ND 79.63
30 March 2008 ND 80.01
31 March 2008 66.43 80.38
1 April 2008 71.10 84.20
2 April 2008 70.51 83.92
3 April 2008 70.71 83.87
4 April 2008 69.33 83.27
5 April 2008 ND 83.48
6 April 2008 ND 83.69
7 April 2008 70.46 83.90
8 April 2008 69.06 82.95
9 April 2008 67.62 82.21
10 April 2008 67.69 82.44
11 April 2008 66.43 81.54
12 April 2008 ND 81.29
13 April 2008 ND 81.04
14 April 2008 63.77 80.80
15 April 2008 64.16 81.42
16 April 2008 66.70 83.13
17 April 2008 67.79 83.89
18 April 2008 68.58 84.79
19 April 2008 ND 84.35
20 April 2008 ND 83.91
21 April 2008 66.87 83.47
22 April 2008 66.73 82.59
23 April 2008 65.90 82.27
24 April 2008 69.11 84.53
25 April 2008 70.64 84.75
26 April 2008 ND 84.85
27 April 2008 ND 84.96
28 April 2008 70.92 85.06
29 April 2008 70.51 84.92
30 April 2008 69.64 84.35
1 May 2008 73.03 86.92
2 May 2008 72.45 87.42
3 May 2008 ND 86.99
4 May 2008 ND 86.55
5 May 2008 71.68 86.11
6 May 2008 70.47 86.43
7 May 2008 69.89 84.09
8 May 2008 68.94 83.25
9 May 2008 68.51 82.56
10 May 2008 ND 83.05
11 May 2008 ND 83.53
12 May 2008 69.67 84.02
13 May 2008 68.22 83.32
14 May 2008 68.77 84.36
15 May 2008 69.69 85.38
16 May 2008 68.08 84.78
17 May 2008 ND 84.80
18 May 2008 ND 84.82
19 May 2008 67.84 84.84
20 May 2008 66.31 83.75
21 May 2008 64.94 82.14
22 May 2008 65.63 83.23
23 May 2008 64.35 81.98
24 May 2008 ND 82.16
25 May 2008 ND 82.35
26 May 2008 ND 82.53
27 May 2008 65.01 82.71
28 May 2008 63.94 82.32
29 May 2008 64.77 83.67
30 May 2008 64.09 83.20
31 May 2008 ND 82.91
1 June 2008 ND 82.62
2 June 2008 63.07 82.32
3 June 2008 62.35 82.52
4 June 2008 61.51 82.06
5 June 2008 62.26 83.66
6 June 2008 59.07 80.22
7 June 2008 ND 80.15
8 June 2008 ND 80.07
9 June 2008 57.33 79.99
10 June 2008 57.86 80.66
11 June 2008 55.97 78.37
12 June 2008 56.56 79.94
13 June 2008 56.68 80.78
14 June 2008 ND 80.77
15 June 2008 ND 80.75
16 June 2008 57.14 80.73
17 June 2008 55.13 79.00
18 June 2008 53.87 78.19
19 June 2008 54.17 79.00
20 June 2008 52.36 77.19
21 June 2008 ND 76.57
22 June 2008 ND 75.96
23 June 2008 51.05 75.35
24 June 2008 52.30 75.40
25 June 2008 52.43 75.98
26 June 2008 50.61 73.57
27 June 2008 ND 73.32
28 June 2008 ND 73.07
29 June 2008 ND 72.83
30 June 2008 ND 72.58
1 July 2008 ND 72.34
2 July 2008 ND 72.09
3 July 2008 48.22 71.85
4 July 2008 ND 71.51
5 July 2008 ND 71.17
6 July 2008 ND 70.83
7 July 2008 46.39 70.49
8 July 2008 49.94 73.50
9 July 2008 47.29 71.33
10 July 2008 47.12 70.10
11 July 2008 45.84 68.51
12 July 2008 ND 68.08
13 July 2008 ND 67.64
14 July 2008 41.82 67.20
15 July 2008 40.83 65.24
16 July 2008 47.58 68.65
17 July 2008 51.27 70.35
18 July 2008 52.76 70.65
19 July 2008 ND 70.43
20 July 2008 ND 70.21
21 July 2008 51.92 69.99
22 July 2008 57.07 73.18
23 July 2008 58.00 74.46
24 July 2008 53.76 70.86
25 July 2008 53.39 70.28
26 July 2008 ND 69.59
27 July 2008 ND 68.91
28 July 2008 50.81 68.22
29 July 2008 55.11 68.81
30 July 2008 56.32 69.39
31 July 2008 55.62 69.97
1 August 2008 56.43 70.55
2 August 2008 ND 71.13
3 August 2008 ND 71.71
4 August 2008 55.88 72.30
5 August 2008 58.83 72.88
6 August 2008 58.70 73.46
7 August 2008 55.74 74.04
8 August 2008 57.57 74.62
9 August 2008 ND 74.72
10 August 2008 ND 74.81
11 August 2008 59.72 74.90
12 August 2008 55.56 73.05
13 August 2008 53.35 71.89
14 August 2008 54.65 73.39
15 August 2008 55.40 74.66
16 August 2008 ND 74.07
17 August 2008 ND 73.47
18 August 2008 53.70 72.88
19 August 2008 51.92 71.35
20 August 2008 52.89 71.70
21 August 2008 52.23 71.07
22 August 2008 53.95 72.80
23 August 2008 ND 72.27
24 August 2008 ND 71.74
25 August 2008 52.23 71.21
26 August 2008 52.55 71.51
27 August 2008 52.88 72.61
28 August 2008 55.90 75.07
29 August 2008 55.93 74.66
30 August 2008 ND 74.90
31 August 2008 ND 75.14
1 September 2008 ND 75.39
2 September 2008 57.14 75.63
3 September 2008 58.30 76.39
4 September 2008 55.76 73.98
5 September 2008 58.37 75.31
6 September 2008 ND 76.26
7 September 2008 ND 77.21
8 September 2008 62.26 78.16
9 September 2008 58.73 73.97
10 September 2008 57.83 74.34
11 September 2008 59.72 74.90
12 September 2008 60.51 73.30
13 September 2008 ND 71.70
14 September 2008 ND 70.10
15 September 2008 55.62 68.50
16 September 2008 59.53 71.60
17 September 2008 54.80 65.95
18 September 2008 61.15 73.53
19 September 2008 67.08 77.04
20 September 2008 ND 75.03
21 September 2008 ND 73.02
22 September 2008 61.84 71.01
23 September 2008 60.20 69.83
24 September 2008 59.33 68.20
25 September 2008 61.15 69.74
26 September 2008 61.79 69.62
27 September 2008 ND 66.69
28 September 2008 ND 63.76
29 September 2008 52.89 60.83
30 September 2008 57.35 67.66
1 October 2008 60.95 64.67
2 October 2008 59.31 59.69
3 October 2008 57.01 59.20
4 October 2008 ND 58.49
5 October 2008 ND 57.78
6 October 2008 53.63 57.07
7 October 2008 48.92 51.87
8 October 2008 47.28 48.20
9 October 2008 43.20 41.41
10 October 2008 44.32 42.42
11 October 2008 ND 44.95
12 October 2008 ND 47.49
13 October 2008 46.94 50.03
14 October 2008 52.65 52.30
15 October 2008 49.10 47.13
16 October 2008 48.88 46.37
17 October 2008 48.13 46.39
18 October 2008 ND 47.09
19 October 2008 ND 47.80
20 October 2008 48.68 48.50
21 October 2008 48.56 47.64
22 October 2008 45.50 43.77
23 October 2008 45.23 43.29
24 October 2008 42.91 43.81
25 October 2008 ND 42.77
26 October 2008 ND 41.73
27 October 2008 42.70 40.69
28 October 2008 48.25 44.56
29 October 2008 48.22 44.80
30 October 2008 47.14 43.39
31 October 2008 49.53 45.97
1 November 2008 ND 46.38
2 November 2008 ND 46.80
3 November 2008 50.01 47.21
4 November 2008 52.18 50.33
5 November 2008 47.62 47.06
6 November 2008 44.89 43.71
7 November 2008 45.88 45.52
8 November 2008 ND 44.92
9 November 2008 ND 44.31
10 November 2008 44.14 43.71
11 November 2008 43.35 42.17
12 November 2008 40.57 39.80
13 November 2008 43.49 43.75
14 November 2008 40.88 42.02
15 November 2008 ND 41.03
16 November 2008 ND 40.03
17 November 2008 38.95 39.04
18 November 2008 38.62 39.13
19 November 2008 34.49 34.92
20 November 2008 31.23 31.47
21 November 2008 31.39 34.50
22 November 2008 ND 35.76
23 November 2008 ND 37.03
24 November 2008 36.18 38.30
25 November 2008 37.75 39.72
26 November 2008 39.27 41.70
27 November 2008 ND 42.37
28 November 2008 40.43 43.03
29 November 2008 ND 41.20
30 November 2008 ND 39.36
1 December 2008 33.85 37.52
2 December 2008 36.15 39.78
3 December 2008 38.15 40.94
4 December 2008 37.72 40.06
5 December 2008 40.21 45.26
6 December 2008 ND 45.25
7 December 2008 ND 45.24
8 December 2008 42.12 45.23
9 December 2008 40.13 44.48
10 December 2008 39.78 44.39
11 December 2008 36.87 42.68

As shown in the figure, a vertical line marks the FOMC meeting on October 28-29, 2008.

Note. There are 24 banks and 24 insurance companies included.

Source. Bloomberg.

ND No data  Return to table


Figure: S&P REITs Index

A line chart shows a single series, from January 2007 through December 11, 2008. Data is daily; unit is Jan. 3, 2007 = 100. The October 2008, FOMC meeting is marked with a vertical tripwire. The series begins at about 100 in January 2007, increases to about 116 in February 2007, and then generally decreases to about 80 by September 2008. It decreases to about 50, around the time of October 2008, FOMC meeting and decreases to about 36 in November 2008. The series increases and ends at about 40 on December 11, 2008.

Source. Standard & Poor's.

Figure: Global Hedge Fund Index values

A line chart shows a single series, from 2003 through December 9, 2008. Data is daily; unit is March 31, 2003 = 1000. The October 2008, FOMC meeting is marked with a vertical tripwire. The series begins at about 1000 in 2003, generally increases to about 1380 by mid-2007, and generally decreases to about 1070, around the time of October 2008, FOMC meeting. It then decreases and ends at about 1030 on December 9, 2008.

Note. The Global Hedge Fund Index tracks net asset values for hedge funds across the industry.

Source. HFR, Inc.


Figure: Net flows into taxable money market mutual funds
Daily
Billions of dollars
Date Government funds Prime funds Total
11 September 2008 -0.96 -1.87 -2.83
12 September 2008 0.26 -9.76 -9.50
15 September 2008 2.10 -61.14 -59.04
16 September 2008 33.17 -35.56 -2.39
17 September 2008 48.90 -133.54 -84.64
18 September 2008 58.37 -105.12 -46.75
19 September 2008 46.66 -33.87 12.79
22 September 2008 22.58 -13.09 9.49
23 September 2008 24.27 -9.15 15.12
24 September 2008 17.18 5.86 23.04
25 September 2008 18.93 -24.40 -5.47
26 September 2008 27.15 -12.13 15.02
29 September 2008 21.29 -26.73 -5.45
30 September 2008 14.55 -21.22 -6.67
1 October 2008 17.26 -3.94 13.32
2 October 2008 20.71 -9.98 10.73
3 October 2008 9.48 -7.94 1.53
6 October 2008 7.22 -4.55 2.67
7 October 2008 13.51 -2.01 11.51
8 October 2008 11.41 -0.62 10.79
9 October 2008 9.86 3.87 13.73
10 October 2008 10.37 1.50 11.88
13 October 2008 0.00 0.00 0.00
14 October 2008 8.70 7.81 16.51
15 October 2008 6.54 4.38 10.92
16 October 2008 6.97 -4.41 2.56
17 October 2008 -1.04 0.14 -0.90
20 October 2008 -1.33 0.68 -0.65
21 October 2008 7.23 2.92 10.15
22 October 2008 4.14 -0.64 3.50
23 October 2008 9.59 -2.38 7.21
24 October 2008 -3.61 -1.86 -5.47
27 October 2008 -2.69 -3.71 -6.40
28 October 2008 6.78 -0.06 6.72
29 October 2008 -2.71 7.55 4.83
30 October 2008 5.33 3.79 9.12
31 October 2008 1.68 -19.57 -17.89
3 November 2008 -1.79 -3.87 -5.66
4 November 2008 6.37 12.47 18.84
5 November 2008 9.34 7.01 16.35
6 November 2008 8.17 7.29 15.46
7 November 2008 -1.43 0.13 -1.30
10 November 2008 -6.36 4.53 -1.83
11 November 2008 0.00 0.00 0.00
12 November 2008 1.86 8.74 10.60
13 November 2008 14.59 5.69 20.27
14 November 2008 -12.76 6.11 -6.64
17 November 2008 -4.39 1.67 -2.72
18 November 2008 12.76 10.37 23.13
19 November 2008 4.33 7.67 12.00
20 November 2008 5.52 4.02 9.54
21 November 2008 9.14 7.43 16.57
24 November 2008 6.72 -2.58 4.14
25 November 2008 5.25 0.23 5.48
26 November 2008 -0.44 2.55 2.11
27 November 2008 0.00 0.00 0.00
28 November 2008 -1.24 -2.24 -3.48
1 December 2008 3.30 8.73 12.03
2 December 2008 7.42 6.05 13.48
3 December 2008 4.56 10.48 15.03
4 December 2008 9.90 5.46 15.37
5 December 2008 9.04 3.19 12.23
8 December 2008 0.56 1.53 2.09
9 December 2008 0.07 10.56 10.63
10 December 2008 -3.49 3.12 -0.36

As shown in the figure, a vertical line after September 16, 2008 is labeled "Reserve Fund breaks the buck", and a vertical line after September 18, 2008 is labeled "Treasury and Fed announcements".

Source. iMoneyNet.


Chart 2
Market Functioning

Figure: Spreads of Libor over OIS
Daily
Basis points
Date 1-month 3-month
2 January 2007 5.61 8.15
3 January 2007 7.00 8.70
4 January 2007 6.50 8.20
5 January 2007 6.50 8.50
8 January 2007 6.40 8.65
9 January 2007 6.50 8.20
10 January 2007 6.50 8.60
11 January 2007 6.45 8.45
12 January 2007 6.70 8.25
15 January 2007 6.15 8.48
16 January 2007 6.05 8.45
17 January 2007 6.50 7.70
18 January 2007 6.35 7.85
19 January 2007 6.50 7.90
22 January 2007 6.50 8.00
23 January 2007 7.15 8.05
24 January 2007 7.00 7.85
25 January 2007 7.00 8.20
26 January 2007 7.20 8.00
29 January 2007 6.15 7.85
30 January 2007 7.20 8.00
31 January 2007 7.00 8.00
1 February 2007 7.00 8.00
2 February 2007 6.70 7.50
5 February 2007 6.70 7.50
6 February 2007 6.70 7.70
7 February 2007 6.70 7.70
8 February 2007 6.70 7.70
9 February 2007 6.70 7.70
12 February 2007 7.00 10.80
13 February 2007 6.65 7.40
14 February 2007 6.35 7.75
15 February 2007 6.15 7.75
16 February 2007 6.05 7.55
19 February 2007 6.55 7.65
20 February 2007 6.55 7.65
21 February 2007 7.00 7.70
22 February 2007 6.05 7.45
23 February 2007 6.35 7.65
26 February 2007 6.20 7.65
27 February 2007 7.00 7.70
28 February 2007 6.70 10.11
1 March 2007 6.45 8.15
2 March 2007 6.55 9.02
5 March 2007 6.71 7.20
6 March 2007 6.50 9.20
7 March 2007 6.70 8.20
8 March 2007 6.20 7.70
9 March 2007 6.25 7.85
12 March 2007 6.15 8.00
13 March 2007 6.20 7.99
14 March 2007 6.20 8.50
15 March 2007 6.50 8.25
16 March 2007 6.50 8.05
19 March 2007 6.25 8.45
20 March 2007 6.20 7.75
21 March 2007 5.50 7.45
22 March 2007 6.00 7.33
23 March 2007 6.00 7.74
26 March 2007 6.00 7.50
27 March 2007 5.70 7.55
28 March 2007 5.70 7.70
29 March 2007 6.50 7.14
30 March 2007 7.00 8.50
2 April 2007 6.50 7.50
3 April 2007 6.20 8.05
4 April 2007 6.60 7.70
5 April 2007 6.00 8.00
10 April 2007 6.20 7.70
11 April 2007 6.15 7.75
12 April 2007 6.20 8.06
13 April 2007 6.05 7.84
16 April 2007 6.05 7.67
17 April 2007 6.00 8.19
18 April 2007 6.00 8.01
19 April 2007 6.70 8.50
20 April 2007 6.70 8.50
23 April 2007 6.20 7.70
24 April 2007 6.70 8.50
25 April 2007 6.50 8.45
26 April 2007 5.95 8.15
27 April 2007 6.20 8.12
30 April 2007 6.20 8.00
1 May 2007 6.05 7.85
2 May 2007 6.20 8.00
3 May 2007 6.20 8.01
4 May 2007 5.95 8.36
8 May 2007 5.70 8.19
9 May 2007 6.20 8.31
10 May 2007 6.00 7.55
11 May 2007 6.30 8.60
14 May 2007 5.20 7.55
15 May 2007 6.20 7.95
16 May 2007 5.55 7.95
17 May 2007 6.10 3.80
18 May 2007 6.20 8.20
21 May 2007 5.85 7.85
22 May 2007 5.95 8.05
23 May 2007 6.20 8.20
24 May 2007 6.00 7.70
25 May 2007 5.85 7.55
29 May 2007 5.90 7.80
30 May 2007 6.00 7.50
31 May 2007 5.50 7.70
1 June 2007 5.50 7.70
4 June 2007 5.50 7.70
5 June 2007 5.05 7.70
6 June 2007 5.50 7.70
7 June 2007 5.50 8.00
8 June 2007 5.50 8.00
11 June 2007 5.50 8.00
12 June 2007 5.80 7.55
13 June 2007 5.50 7.65
14 June 2007 5.00 6.85
15 June 2007 5.55 7.45
18 June 2007 5.20 7.50
19 June 2007 5.50 7.65
20 June 2007 5.75 7.65
21 June 2007 5.65 7.65
22 June 2007 5.75 7.75
25 June 2007 5.70 8.50
26 June 2007 6.00 9.00
27 June 2007 6.00 8.00
28 June 2007 6.00 8.50
29 June 2007 6.10 7.65
2 July 2007 6.50 8.00
3 July 2007 6.45 8.65
4 July 2007 6.35 8.35
5 July 2007 6.55 8.35
6 July 2007 6.20 7.70
9 July 2007 6.25 8.05
10 July 2007 6.15 8.35
11 July 2007 6.55 8.75
12 July 2007 6.20 7.70
13 July 2007 6.20 8.20
16 July 2007 6.55 8.45
17 July 2007 6.20 8.20
18 July 2007 6.20 8.20
19 July 2007 6.20 8.00
20 July 2007 6.20 8.00
23 July 2007 6.50 9.25
24 July 2007 6.20 8.50
25 July 2007 6.20 8.20
26 July 2007 6.20 8.20
27 July 2007 8.20 12.65
30 July 2007 8.20 13.48
31 July 2007 7.35 11.07
1 August 2007 8.30 12.00
2 August 2007 8.05 12.30
3 August 2007 8.25 12.35
6 August 2007 11.95 18.12
7 August 2007 8.65 14.90
8 August 2007 9.35 13.75
9 August 2007 28.78 25.40
10 August 2007 45.92 47.45
13 August 2007 46.53 46.55
14 August 2007 46.63 43.90
15 August 2007 52.84 48.50
16 August 2007 52.75 58.25
17 August 2007 59.70 59.20
20 August 2007 50.48 59.20
21 August 2007 55.50 66.24
22 August 2007 60.00 69.03
23 August 2007 56.50 59.00
24 August 2007 52.35 58.16
28 August 2007 48.15 57.40
29 August 2007 55.40 63.68
30 August 2007 66.00 66.90
31 August 2007 75.40 77.58
3 September 2007 76.85 78.23
4 September 2007 80.50 81.66
5 September 2007 89.08 88.65
6 September 2007 90.45 91.77
7 September 2007 89.58 87.80
10 September 2007 93.22 92.77
11 September 2007 90.41 87.41
12 September 2007 88.50 93.81
13 September 2007 82.95 82.64
14 September 2007 74.03 86.03
17 September 2007 59.65 79.35
18 September 2007 60.12 79.25
19 September 2007 41.33 60.40
20 September 2007 41.33 57.40
21 September 2007 41.58 59.35
24 September 2007 41.47 57.75
25 September 2007 37.88 56.65
26 September 2007 38.38 60.06
27 September 2007 39.30 63.61
28 September 2007 39.57 65.33
1 October 2007 40.56 64.30
2 October 2007 41.12 64.50
3 October 2007 41.45 64.17
4 October 2007 40.50 63.58
5 October 2007 42.89 65.61
8 October 2007 40.75 60.51
10 October 2007 39.95 57.80
11 October 2007 38.22 59.45
12 October 2007 36.05 57.43
15 October 2007 32.85 53.74
16 October 2007 32.80 53.58
17 October 2007 32.62 56.33
18 October 2007 32.90 58.50
19 October 2007 32.95 61.92
22 October 2007 32.45 64.05
23 October 2007 28.45 58.73
24 October 2007 28.07 58.45
25 October 2007 29.58 59.76
26 October 2007 29.30 58.08
29 October 2007 25.85 55.30
30 October 2007 19.98 47.32
31 October 2007 17.62 44.13
1 November 2007 18.45 41.35
2 November 2007 18.75 45.50
5 November 2007 19.95 47.30
6 November 2007 19.89 49.30
7 November 2007 20.20 50.48
8 November 2007 19.20 51.89
9 November 2007 21.54 54.94
12 November 2007 26.66 55.25
14 November 2007 20.31 52.45
15 November 2007 22.82 56.20
16 November 2007 31.70 65.12
19 November 2007 42.30 68.09
20 November 2007 39.70 72.70
21 November 2007 37.01 73.00
22 November 2007 48.83 79.85
26 November 2007 49.75 81.46
27 November 2007 48.07 86.89
28 November 2007 48.39 84.23
29 November 2007 90.60 90.67
30 November 2007 101.83 98.82
3 December 2007 107.06 101.46
4 December 2007 108.39 103.30
5 December 2007 109.70 106.41
6 December 2007 105.75 104.77
7 December 2007 102.95 104.16
10 December 2007 107.69 101.95
11 December 2007 103.77 100.23
12 December 2007 95.75 95.95
13 December 2007 87.00 88.91
14 December 2007 82.97 85.83
17 December 2007 ND 80.38
18 December 2007 78.22 81.62
19 December 2007 76.14 80.35
20 December 2007 76.23 79.53
21 December 2007 76.45 78.90
24 December 2007 63.60 72.95
27 December 2007 70.10 72.30
28 December 2007 45.58 64.18
31 December 2007 41.95 63.20
3 January 2008 36.75 65.37
4 January 2008 37.25 66.45
7 January 2008 33.47 65.81
8 January 2008 34.37 63.25
9 January 2008 30.81 58.95
10 January 2008 26.89 53.89
11 January 2008 23.67 48.60
14 January 2008 20.07 41.70
15 January 2008 17.75 38.95
16 January 2008 13.74 33.53
17 January 2008 8.93 29.27
18 January 2008 18.19 36.22
21 January 2008 16.40 37.40
23 January 2008 26.03 42.38
24 January 2008 20.35 36.43
25 January 2008 18.55 30.58
28 January 2008 19.97 32.67
29 January 2008 22.38 35.67
30 January 2008 19.33 31.99
31 January 2008 17.63 31.24
1 February 2008 20.58 35.85
4 February 2008 23.77 41.30
5 February 2008 28.86 42.99
6 February 2008 34.45 52.10
7 February 2008 31.10 50.38
8 February 2008 29.92 47.16
11 February 2008 29.07 49.25
12 February 2008 26.20 48.85
13 February 2008 24.07 48.10
14 February 2008 21.38 49.05
15 February 2008 24.98 53.60
18 February 2008 27.32 53.30
20 February 2008 25.70 49.56
21 February 2008 30.25 49.30
22 February 2008 29.25 54.20
25 February 2008 29.98 52.69
26 February 2008 29.25 50.50
27 February 2008 30.44 53.20
28 February 2008 35.89 58.46
29 February 2008 41.81 64.90
3 March 2008 50.17 72.74
4 March 2008 50.45 72.26
5 March 2008 50.30 71.55
6 March 2008 48.11 67.90
7 March 2008 57.45 76.63
10 March 2008 47.95 73.32
11 March 2008 51.45 73.50
12 March 2008 38.93 58.70
13 March 2008 38.80 57.35
14 March 2008 44.05 61.67
17 March 2008 42.98 63.78
18 March 2008 54.31 77.69
19 March 2008 42.83 62.88
20 March 2008 43.58 66.88
25 March 2008 47.48 62.30
26 March 2008 50.85 65.68
27 March 2008 50.83 69.58
28 March 2008 52.52 71.55
31 March 2008 52.41 71.46
1 April 2008 53.95 72.82
2 April 2008 54.75 68.35
3 April 2008 58.38 70.20
4 April 2008 59.82 72.70
7 April 2008 60.29 74.45
8 April 2008 59.76 73.70
9 April 2008 63.54 77.01
10 April 2008 63.10 76.85
11 April 2008 66.59 79.01
14 April 2008 66.11 79.38
15 April 2008 67.88 79.29
16 April 2008 68.82 78.17
17 April 2008 76.45 85.50
18 April 2008 85.67 94.15
21 April 2008 83.85 90.10
22 April 2008 84.75 90.00
23 April 2008 83.95 87.35
24 April 2008 81.98 86.84
25 April 2008 82.67 87.95
28 April 2008 79.90 85.39
29 April 2008 77.50 83.23
30 April 2008 75.50 81.65
1 May 2008 72.72 80.94
2 May 2008 70.20 78.75
6 May 2008 67.12 76.20
7 May 2008 61.87 74.59
8 May 2008 59.30 73.11
9 May 2008 54.95 70.45
12 May 2008 52.49 68.81
13 May 2008 51.49 69.01
14 May 2008 50.95 72.45
15 May 2008 50.55 72.58
16 May 2008 48.33 71.15
19 May 2008 46.67 69.30
20 May 2008 44.25 68.00
21 May 2008 41.69 65.56
22 May 2008 40.50 64.76
23 May 2008 39.50 65.36
27 May 2008 41.42 66.59
28 May 2008 38.57 65.69
29 May 2008 47.29 68.44
30 May 2008 45.50 67.01
2 June 2008 42.81 67.07
3 June 2008 45.07 67.06
4 June 2008 44.95 67.14
5 June 2008 44.26 66.14
6 June 2008 44.69 68.31
9 June 2008 44.26 67.42
10 June 2008 46.50 73.12
11 June 2008 44.14 69.11
12 June 2008 44.73 69.42
13 June 2008 43.69 66.53
16 June 2008 44.38 67.75
17 June 2008 41.75 64.93
18 June 2008 44.79 70.20
19 June 2008 44.82 71.07
20 June 2008 46.62 70.79
23 June 2008 45.75 70.99
24 June 2008 45.19 71.34
25 June 2008 45.00 71.26
26 June 2008 46.20 72.06
27 June 2008 45.06 72.43
30 June 2008 44.45 71.61
1 July 2008 42.97 71.20
2 July 2008 42.35 72.22
3 July 2008 45.10 71.43
4 July 2008 42.38 73.04
7 July 2008 42.48 73.27
8 July 2008 44.08 73.30
9 July 2008 41.83 73.34
10 July 2008 43.83 73.26
11 July 2008 43.95 73.01
14 July 2008 44.50 73.41
15 July 2008 44.31 74.34
16 July 2008 44.32 75.75
17 July 2008 44.31 74.88
18 July 2008 45.14 75.06
21 July 2008 43.41 73.84
22 July 2008 44.64 74.67
23 July 2008 44.82 73.80
24 July 2008 44.20 71.95
25 July 2008 44.10 73.31
28 July 2008 43.35 72.78
29 July 2008 44.51 74.67
30 July 2008 44.38 72.66
31 July 2008 43.97 72.97
1 August 2008 44.70 73.99
4 August 2008 44.88 73.36
5 August 2008 44.25 74.64
6 August 2008 45.89 75.10
7 August 2008 45.51 75.50
8 August 2008 45.06 76.22
11 August 2008 45.07 76.48
12 August 2008 45.58 75.99
13 August 2008 45.99 76.29
14 August 2008 45.76 76.59
15 August 2008 45.76 77.28
18 August 2008 45.76 77.55
19 August 2008 42.97 77.88
20 August 2008 46.89 78.09
21 August 2008 47.19 78.06
22 August 2008 45.99 77.60
26 August 2008 44.15 77.59
27 August 2008 45.57 77.95
28 August 2008 47.12 77.05
29 August 2008 46.61 77.26
2 September 2008 46.86 78.26
3 September 2008 47.45 78.82
4 September 2008 46.69 79.75
5 September 2008 46.19 78.69
8 September 2008 47.81 80.89
9 September 2008 48.23 81.26
10 September 2008 49.19 82.88
11 September 2008 49.45 84.72
12 September 2008 49.91 84.08
15 September 2008 53.09 86.33
16 September 2008 93.35 111.38
17 September 2008 115.60 119.95
18 September 2008 142.15 146.47
19 September 2008 134.85 139.40
22 September 2008 127.63 126.25
23 September 2008 127.79 130.43
24 September 2008 155.43 163.03
25 September 2008 186.42 195.77
26 September 2008 185.48 195.89
29 September 2008 198.85 219.65
30 September 2008 230.43 249.20
1 October 2008 225.55 241.65
2 October 2008 235.80 256.80
3 October 2008 254.95 282.88
6 October 2008 260.95 284.23
7 October 2008 268.50 290.95
8 October 2008 268.52 309.18
9 October 2008 306.45 347.35
10 October 2008 327.00 361.07
13 October 2008 335.00 357.80
15 October 2008 313.97 336.00
16 October 2008 315.85 340.55
17 October 2008 304.32 331.13
20 October 2008 262.02 293.98
21 October 2008 238.45 267.83
22 October 2008 221.20 248.82
23 October 2008 220.28 252.80
24 October 2008 224.05 252.47
27 October 2008 227.88 259.95
28 October 2008 225.12 258.35
29 October 2008 224.20 257.15
30 October 2008 204.70 241.40
31 October 2008 190.13 237.57
3 November 2008 165.75 221.97
4 November 2008 155.75 207.53
5 November 2008 143.03 192.72
6 November 2008 121.00 180.60
7 November 2008 107.25 173.55
10 November 2008 107.02 170.30
11 November 2008 103.45 168.00
13 November 2008 99.45 167.53
14 November 2008 93.50 168.58
17 November 2008 95.63 173.42
18 November 2008 95.00 173.40
19 November 2008 98.47 171.50
20 November 2008 94.33 170.11
21 November 2008 87.90 174.90
24 November 2008 86.08 171.03
25 November 2008 88.58 171.13
26 November 2008 95.38 176.18
27 November 2008 147.95 179.35
1 December 2008 152.04 178.50
2 December 2008 150.07 181.80
3 December 2008 151.25 183.38
4 December 2008 152.57 184.20
5 December 2008 158.60 186.46
8 December 2008 156.45 190.54
9 December 2008 139.25 187.13
10 December 2008 123.68 185.18
11 December 2008 98.25 174.07

As shown in the figure, a vertical line marks the FOMC meeting on October 28-29, 2008.

Note. Libor quotes are taken at 6:00 a.m., and OIS quotes are observed at the close of business of the previous trading day.

Source. Bloomberg.


Figure: Spreads on 30-day commercial paper
Daily
Basis points
Date ABCP A2/P2
2 July 2007 6 16
3 July 2007 6 12
5 July 2007 8 12
6 July 2007 8 17
9 July 2007 3 8
10 July 2007 2 8
11 July 2007 8 14
12 July 2007 6 11
13 July 2007 5 13
16 July 2007 6 12
17 July 2007 3 10
18 July 2007 6 12
19 July 2007 7 10
20 July 2007 6 13
23 July 2007 6 14
24 July 2007 7 11
25 July 2007 5 10
26 July 2007 4 10
27 July 2007 6 9
30 July 2007 5 12
31 July 2007 9 14
1 August 2007 9 15
2 August 2007 6 13
3 August 2007 10 19
6 August 2007 10 20
7 August 2007 12 21
8 August 2007 13 25
9 August 2007 26 39
10 August 2007 39 59
13 August 2007 51 63
14 August 2007 50 59
15 August 2007 50 67
16 August 2007 70 67
17 August 2007 80 83
20 August 2007 68 86
21 August 2007 77 83
22 August 2007 74 87
23 August 2007 86 78
24 August 2007 80 76
27 August 2007 80 82
28 August 2007 85 77
29 August 2007 82 87
30 August 2007 96 88
31 August 2007 96 73
4 September 2007 102 93
5 September 2007 114 93
6 September 2007 110 85
7 September 2007 107 82
10 September 2007 124 93
11 September 2007 124 93
12 September 2007 131 96
13 September 2007 120 91
14 September 2007 90 75
17 September 2007 96 76
18 September 2007 64 69
19 September 2007 62 56
20 September 2007 52 55
21 September 2007 50 58
24 September 2007 43 63
25 September 2007 48 53
26 September 2007 57 67
27 September 2007 47 59
28 September 2007 56 61
1 October 2007 42 52
2 October 2007 50 64
3 October 2007 49 60
4 October 2007 46 62
5 October 2007 50 57
9 October 2007 43 54
10 October 2007 51 56
11 October 2007 46 56
12 October 2007 43 55
15 October 2007 34 46
16 October 2007 41 57
17 October 2007 25 45
18 October 2007 30 48
19 October 2007 31 45
22 October 2007 21 40
23 October 2007 29 46
24 October 2007 14 37
25 October 2007 22 42
26 October 2007 26 43
29 October 2007 26 40
30 October 2007 27 51
31 October 2007 31 49
1 November 2007 22 30
2 November 2007 27 39
5 November 2007 25 31
6 November 2007 30 41
7 November 2007 26 40
8 November 2007 33 39
9 November 2007 43 40
13 November 2007 36 39
14 November 2007 38 37
15 November 2007 32 43
16 November 2007 47 47
19 November 2007 46 47
20 November 2007 48 46
21 November 2007 50 51
23 November 2007 48 68
26 November 2007 54 65
27 November 2007 73 57
28 November 2007 68 66
29 November 2007 71 81
30 November 2007 93 73
3 December 2007 118 96
4 December 2007 129 103
5 December 2007 150 113
6 December 2007 141 104
7 December 2007 167 118
10 December 2007 176 112
11 December 2007 190 101
12 December 2007 194 128
13 December 2007 185 142
14 December 2007 157 132
17 December 2007 152 135
18 December 2007 179 147
19 December 2007 142 140
20 December 2007 151 144
21 December 2007 121 139
24 December 2007 93 149
26 December 2007 130 145
27 December 2007 127 144
28 December 2007 114 101
31 December 2007 78 92
2 January 2008 55 58
3 January 2008 48 54
4 January 2008 44 47
7 January 2008 41 61
8 January 2008 48 61
9 January 2008 52 62
10 January 2008 28 50
11 January 2008 24 36
14 January 2008 30 59
15 January 2008 24 37
16 January 2008 56 85
17 January 2008 42 54
18 January 2008 51 72
22 January 2008 73 59
23 January 2008 57 61
24 January 2008 43 56
25 January 2008 39 43
28 January 2008 39 47
29 January 2008 35 41
30 January 2008 37 62
31 January 2008 21 41
1 February 2008 38 46
4 February 2008 37 47
5 February 2008 27 40
6 February 2008 34 52
7 February 2008 42 54
8 February 2008 30 45
11 February 2008 32 48
12 February 2008 37 52
13 February 2008 35 48
14 February 2008 37 49
15 February 2008 31 53
19 February 2008 40 55
20 February 2008 34 48
21 February 2008 54 63
22 February 2008 37 51
25 February 2008 52 54
26 February 2008 59 69
27 February 2008 50 69
28 February 2008 39 55
29 February 2008 58 71
3 March 2008 66 77
4 March 2008 58 76
5 March 2008 49 70
6 March 2008 56 71
7 March 2008 63 72
10 March 2008 53 74
11 March 2008 57 77
12 March 2008 56 76
13 March 2008 101 93
14 March 2008 68 71
17 March 2008 53 78
18 March 2008 73 105
19 March 2008 67 67
20 March 2008 60 79
24 March 2008 66 85
25 March 2008 67 79
26 March 2008 75 89
27 March 2008 84 111
28 March 2008 89 106
31 March 2008 95 105
1 April 2008 84 102
2 April 2008 92 106
3 April 2008 76 91
4 April 2008 89 107
7 April 2008 90 96
8 April 2008 74 84
9 April 2008 72 95
10 April 2008 71 78
11 April 2008 72 99
14 April 2008 74 94
15 April 2008 70 86
16 April 2008 95 106
17 April 2008 77 90
18 April 2008 81 97
21 April 2008 81 96
22 April 2008 87 111
23 April 2008 98 115
24 April 2008 94 104
25 April 2008 80 83
28 April 2008 87 101
29 April 2008 93 103
30 April 2008 89 106
1 May 2008 89 89
2 May 2008 82 98
5 May 2008 78 96
6 May 2008 71 101
7 May 2008 66 94
8 May 2008 68 91
9 May 2008 62 93
12 May 2008 58 91
13 May 2008 59 86
14 May 2008 79 89
15 May 2008 56 80
16 May 2008 58 84
19 May 2008 54 88
20 May 2008 49 75
21 May 2008 60 74
22 May 2008 58 80
23 May 2008 51 76
27 May 2008 44 72
28 May 2008 44 65
29 May 2008 52 80
30 May 2008 60 71
2 June 2008 53 74
3 June 2008 49 80
4 June 2008 60 72
5 June 2008 48 71
6 June 2008 45 73
9 June 2008 49 81
10 June 2008 56 75
11 June 2008 50 68
12 June 2008 48 65
13 June 2008 61 80
16 June 2008 57 69
17 June 2008 50 67
18 June 2008 53 68
19 June 2008 53 77
20 June 2008 68 71
23 June 2008 65 77
24 June 2008 62 82
25 June 2008 48 72
26 June 2008 64 82
27 June 2008 63 76
30 June 2008 67 68
1 July 2008 61 75
2 July 2008 50 76
7 July 2008 51 70
8 July 2008 45 65
9 July 2008 56 74
10 July 2008 47 69
11 July 2008 53 80
14 July 2008 47 71
15 July 2008 47 70
16 July 2008 51 65
17 July 2008 62 88
18 July 2008 53 78
21 July 2008 53 74
22 July 2008 52 80
23 July 2008 62 84
24 July 2008 63 87
25 July 2008 50 89
28 July 2008 60 88
29 July 2008 54 82
30 July 2008 54 85
31 July 2008 69 88
1 August 2008 75 87
4 August 2008 62 80
5 August 2008 58 77
6 August 2008 54 83
7 August 2008 56 83
8 August 2008 59 84
11 August 2008 44 79
12 August 2008 43 87
13 August 2008 58 86
14 August 2008 57 85
15 August 2008 56 83
18 August 2008 48 73
19 August 2008 57 84
20 August 2008 52 87
21 August 2008 54 84
22 August 2008 49 86
25 August 2008 40 77
26 August 2008 60 91
27 August 2008 53 81
28 August 2008 56 93
29 August 2008 57 93
2 September 2008 81 89
3 September 2008 57 85
4 September 2008 56 83
5 September 2008 70 91
8 September 2008 60 89
9 September 2008 55 75
10 September 2008 45 86
11 September 2008 55 88
12 September 2008 61 92
15 September 2008 50 85
16 September 2008 51 128
17 September 2008 159 280
18 September 2008 81 361
19 September 2008 249 288
23 September 2008 165 291
24 September 2008 182 409
25 September 2008 179 357
26 September 2008 342 378
29 September 2008 211 384
30 September 2008 389 350
1 October 2008 219 342
2 October 2008 207 293
3 October 2008 208 338
6 October 2008 223 381
7 October 2008 395 417
8 October 2008 258 391
9 October 2008 268 459
10 October 2008 334 466
14 October 2008 273 438
15 October 2008 305 440
16 October 2008 226 449
17 October 2008 258 436
20 October 2008 222 418
21 October 2008 193 445
22 October 2008 180 460
23 October 2008 165 448
24 October 2008 160 428
27 October 2008 208 435
28 October 2008 163 455
29 October 2008 198 469
30 October 2008 215 472
31 October 2008 161 458
3 November 2008 151 445
4 November 2008 100 418
5 November 2008 117 382
6 November 2008 116 420
7 November 2008 118 449
10 November 2008 70 461
12 November 2008 50 447
13 November 2008 66 440
14 November 2008 75 405
17 November 2008 89 442
18 November 2008 82 465
19 November 2008 108 483
20 November 2008 116 416
21 November 2008 63 361
24 November 2008 97 486
25 November 2008 82 427
26 November 2008 99 517
28 November 2008 116 586
1 December 2008 117 485
2 December 2008 145 475
3 December 2008 144 465
4 December 2008 135 483
5 December 2008 140 417
8 December 2008 117 455
9 December 2008 136 517

As shown in the figure, a vertical line marks the FOMC meeting on October 28-29, 2008.

Note. The ABCP spread is the AA ABCP rate minus the AA nonfinancial rate. The A2/P2 spread is the A2/P2 nonfinancial rate minus the AA nonfinancial rate.

Source. Depository Trust & Clearing Corporation.


Figure: Treasury on-the-run premium

A line chart shows a single series, from 2001 through December 2008. Data is monthly average; unit is basis points. The October 2008, FOMC meeting is marked with a vertical tripwire. The "10-year note" series begins at about 15 basis points in 2001, generally increases to about 27 in early 2002, generally decreases to about 5 by early 2007, and generally increases to about 40, around the time of October 2008, FOMC meeting. It then increases and ends at about 63 in December 2008.

Note. Computed as the spread of the yield read from an estimated off-the-run yield curve over the on-the-run Treasury yield. December observation is the month-to-date average.

Source. Board staff estimates.


Figure: Daily on-the-run treasury market volume
Monthly average
Period Volume (billions)
January 2003 87.50
February 2003 57.59
March 2003 64.32
April 2003 60.15
May 2003 78.48
June 2003 72.75
July 2003 71.99
August 2003 53.12
September 2003 65.37
October 2003 73.47
November 2003 68.40
December 2003 61.16
January 2004 83.58
February 2004 65.61
March 2004 74.31
April 2004 93.96
May 2004 86.33
June 2004 87.09
July 2004 69.53
August 2004 76.24
September 2004 97.47
October 2004 93.70
November 2004 95.44
December 2004 82.70
January 2005 103.31
February 2005 113.56
March 2005 118.63
April 2005 121.79
May 2005 119.28
June 2005 121.23
July 2005 108.96
August 2005 108.90
September 2005 152.81
October 2005 137.89
November 2005 131.25
December 2005 100.35
January 2006 136.66
February 2006 133.40
March 2006 149.24
April 2006 161.28
May 2006 171.23
June 2006 162.51
July 2006 140.86
August 2006 137.37
September 2006 166.96
October 2006 150.78
November 2006 157.11
December 2006 135.00
January 2007 150.53
February 2007 183.71
March 2007 236.29
April 2007 118.01
May 2007 116.64
June 2007 195.89
July 2007 183.90
August 2007 236.25
September 2007 195.54
October 2007 189.22
November 2007 249.19
December 2007 187.73
January 2008 285.78
February 2008 190.59
March 2008 216.96
April 2008 178.57
May 2008 177.95
June 2008 202.22
July 2008 188.41
August 2008 141.94
September 2008 170.52
October 2008 126.15
November 2008 93.39
December 2008 (e) 81.00

Note. December observation is average for month to date.

Source. BrokerTec Interdealer Market Data.


Figure: AAA CMBX Index

A line chart shows a single series, from April 2007 through December 11, 2008. Data is daily; unit is basis points. The October 2008, FOMC meeting is marked with a vertical tripwire. The series begins at about 0 in late April 2007, generally increases to about 250 by March 2008, and generally decreases to about 100 in May 2008. It then generally increases to about 205, around the time of October 2008, FOMC meeting, continues to increase briefly after the meeting to about 840, and generally decreases to end at about 500 on December 11, 2008.

Note. Origination date is April 2007.

Source. JPMorgan.


Figure: Pricing in the secondary market for leveraged loans
Daily
Date Bid-asked spread (Basis points) Bid price (Percent of par value)
2 January 2007 59.8 98.23
3 January 2007 59.8 98.25
4 January 2007 60.4 98.26
5 January 2007 60.1 98.28
8 January 2007 60.2 98.29
9 January 2007 60.2 98.30
10 January 2007 59.9 98.31
11 January 2007 59.7 98.33
12 January 2007 59.5 98.34
16 January 2007 59.8 98.33
17 January 2007 59.8 98.28
18 January 2007 59.6 98.31
19 January 2007 59.7 98.33
22 January 2007 59.6 98.33
23 January 2007 59.2 98.40
24 January 2007 59.2 98.41
25 January 2007 59.0 98.42
26 January 2007 59.0 98.44
29 January 2007 58.9 98.45
30 January 2007 60.2 98.48
31 January 2007 59.6 98.52
1 February 2007 59.4 98.56
2 February 2007 59.1 98.58
5 February 2007 59.4 98.59
6 February 2007 59.2 98.60
7 February 2007 59.0 98.60
8 February 2007 58.7 98.64
9 February 2007 58.9 98.64
12 February 2007 58.8 98.65
13 February 2007 58.4 98.67
14 February 2007 58.3 98.69
15 February 2007 58.3 98.69
16 February 2007 59.3 98.68
20 February 2007 58.8 98.70
21 February 2007 58.4 98.72
22 February 2007 58.2 98.74
23 February 2007 57.5 98.80
26 February 2007 57.7 98.80
27 February 2007 57.7 98.82
28 February 2007 58.6 98.81
1 March 2007 58.1 98.81
2 March 2007 58.1 98.82
5 March 2007 58.3 98.82
6 March 2007 58.5 98.82
7 March 2007 58.4 98.81
8 March 2007 58.3 98.82
9 March 2007 58.0 98.82
12 March 2007 58.1 98.83
13 March 2007 58.4 98.81
14 March 2007 58.3 98.80
15 March 2007 58.3 98.79
16 March 2007 58.6 98.77
19 March 2007 58.8 98.75
20 March 2007 58.9 98.74
21 March 2007 58.7 98.73
22 March 2007 58.8 98.72
23 March 2007 58.8 98.72
26 March 2007 58.5 98.72
27 March 2007 58.9 98.71
28 March 2007 58.8 98.71
29 March 2007 58.7 98.71
30 March 2007 59.6 98.67
2 April 2007 59.6 98.66
3 April 2007 59.7 98.66
4 April 2007 59.2 98.66
5 April 2007 59.5 98.65
6 April 2007 59.6 98.65
9 April 2007 59.6 98.65
10 April 2007 59.5 98.65
11 April 2007 59.4 98.65
12 April 2007 59.1 98.66
13 April 2007 59.0 98.66
16 April 2007 58.9 98.67
17 April 2007 58.7 98.67
18 April 2007 58.3 98.70
19 April 2007 58.3 98.71
20 April 2007 57.8 98.71
23 April 2007 57.7 98.70
24 April 2007 57.5 98.72
25 April 2007 57.4 98.72
26 April 2007 57.6 98.73
27 April 2007 57.8 98.75
30 April 2007 56.5 98.77
1 May 2007 56.2 98.77
2 May 2007 56.5 98.78
3 May 2007 56.4 98.79
4 May 2007 56.2 98.79
7 May 2007 56.0 98.80
8 May 2007 55.8 98.80
9 May 2007 55.4 98.81
10 May 2007 55.4 98.80
11 May 2007 55.3 98.80
14 May 2007 55.7 98.81
15 May 2007 55.7 98.81
16 May 2007 55.7 98.80
17 May 2007 55.9 98.78
18 May 2007 56.0 98.78
21 May 2007 55.7 98.78
22 May 2007 55.7 98.78
23 May 2007 55.5 98.79
24 May 2007 55.4 98.80
25 May 2007 55.3 98.80
29 May 2007 55.6 98.80
30 May 2007 55.2 98.93
31 May 2007 55.9 98.93
1 June 2007 55.8 98.94
4 June 2007 56.0 98.93
5 June 2007 56.0 98.94
6 June 2007 56.1 98.94
7 June 2007 56.0 98.95
8 June 2007 56.0 98.95
11 June 2007 56.1 98.95
12 June 2007 56.2 98.95
13 June 2007 57.7 98.95
14 June 2007 56.3 98.97
15 June 2007 56.1 98.97
18 June 2007 56.3 98.96
19 June 2007 55.9 98.97
20 June 2007 55.8 98.96
21 June 2007 56.6 98.93
22 June 2007 56.6 98.93
25 June 2007 57.2 98.90
26 June 2007 57.5 98.89
27 June 2007 57.2 98.93
28 June 2007 59.7 98.82
29 June 2007 60.9 98.79
2 July 2007 61.0 98.78
3 July 2007 61.5 98.74
5 July 2007 62.0 98.72
6 July 2007 62.3 98.70
9 July 2007 63.4 98.64
10 July 2007 64.0 98.60
11 July 2007 65.9 98.52
12 July 2007 66.7 98.45
13 July 2007 66.9 98.42
16 July 2007 67.0 98.42
17 July 2007 67.2 98.40
18 July 2007 67.7 98.37
19 July 2007 70.2 98.25
20 July 2007 72.6 98.14
23 July 2007 79.8 97.88
24 July 2007 83.6 97.73
25 July 2007 89.1 97.58
26 July 2007 94.8 97.24
27 July 2007 103.9 96.76
30 July 2007 126.5 95.58
31 July 2007 137.5 95.13
1 August 2007 149.2 94.73
2 August 2007 150.8 94.61
3 August 2007 149.7 94.62
6 August 2007 150.3 94.80
7 August 2007 150.2 94.98
8 August 2007 147.5 95.06
9 August 2007 145.4 95.15
10 August 2007 144.8 95.14
13 August 2007 144.8 95.27
14 August 2007 145.0 95.12
15 August 2007 144.6 95.14
16 August 2007 145.5 95.07
17 August 2007 146.4 95.05
20 August 2007 149.7 94.89
21 August 2007 152.2 94.86
22 August 2007 152.0 94.82
23 August 2007 150.2 94.85
24 August 2007 150.9 94.80
27 August 2007 150.8 94.81
28 August 2007 150.8 94.70
29 August 2007 151.6 94.64
30 August 2007 150.7 94.62
31 August 2007 149.5 94.62
4 September 2007 148.1 94.55
5 September 2007 148.3 94.56
6 September 2007 147.8 94.51
7 September 2007 148.2 94.53
10 September 2007 147.3 94.52
11 September 2007 147.4 94.47
12 September 2007 146.8 94.45
13 September 2007 146.5 94.44
14 September 2007 145.3 94.45
17 September 2007 143.2 94.48
18 September 2007 140.8 94.59
19 September 2007 138.8 94.58
20 September 2007 137.6 94.73
21 September 2007 134.8 94.88
24 September 2007 134.2 94.96
25 September 2007 132.3 95.09
26 September 2007 130.0 95.19
27 September 2007 127.0 95.32
28 September 2007 126.5 95.31
1 October 2007 127.2 95.32
2 October 2007 125.0 95.36
3 October 2007 122.9 95.36
4 October 2007 121.8 95.40
5 October 2007 120.0 95.41
8 October 2007 120.1 95.42
9 October 2007 118.6 95.48
10 October 2007 119.0 95.57
11 October 2007 117.8 95.65
12 October 2007 114.7 95.79
15 October 2007 114.4 95.81
16 October 2007 114.4 95.80
17 October 2007 114.5 95.80
18 October 2007 113.7 95.77
19 October 2007 115.0 95.72
22 October 2007 118.3 95.57
23 October 2007 118.4 95.56
24 October 2007 116.6 95.59
25 October 2007 114.9 95.62
26 October 2007 114.7 95.61
29 October 2007 114.5 95.58
30 October 2007 114.3 95.55
31 October 2007 114.0 95.55
1 November 2007 114.4 95.52
2 November 2007 116.9 95.45
5 November 2007 116.5 95.42
6 November 2007 116.9 95.37
7 November 2007 115.7 95.36
8 November 2007 118.2 95.15
9 November 2007 119.6 95.05
12 November 2007 119.7 95.01
13 November 2007 120.1 94.93
14 November 2007 120.1 94.91
15 November 2007 120.8 94.86
16 November 2007 122.5 94.74
19 November 2007 123.1 94.60
20 November 2007 125.8 94.34
21 November 2007 126.2 94.27
23 November 2007 128.0 94.14
26 November 2007 129.3 94.07
27 November 2007 131.3 93.92
28 November 2007 131.8 93.86
29 November 2007 131.8 93.83
30 November 2007 130.6 93.82
3 December 2007 129.4 93.83
4 December 2007 129.5 93.81
5 December 2007 129.9 93.77
6 December 2007 129.7 93.73
7 December 2007 130.4 93.72
10 December 2007 130.6 93.71
11 December 2007 129.5 93.73
12 December 2007 131.5 93.69
13 December 2007 132.0 93.64
14 December 2007 135.3 93.47
17 December 2007 134.2 93.46
18 December 2007 134.3 93.43
19 December 2007 134.5 93.40
20 December 2007 135.1 93.36
21 December 2007 133.8 93.36
24 December 2007 134.5 93.34
26 December 2007 134.0 93.34
27 December 2007 133.9 93.31
28 December 2007 136.1 93.19
31 December 2007 136.0 93.17
2 January 2008 135.7 93.20
3 January 2008 135.4 93.21
4 January 2008 136.0 93.18
7 January 2008 136.0 93.12
8 January 2008 135.8 93.03
9 January 2008 137.2 92.91
10 January 2008 139.2 92.77
11 January 2008 140.7 92.70
14 January 2008 140.5 92.66
15 January 2008 140.5 92.61
16 January 2008 141.0 92.49
17 January 2008 143.5 92.30
18 January 2008 146.6 92.10
22 January 2008 150.6 91.90
23 January 2008 159.3 91.42
24 January 2008 163.2 91.29
25 January 2008 164.6 91.14
28 January 2008 166.7 90.96
29 January 2008 168.0 90.89
30 January 2008 166.1 90.75
31 January 2008 175.4 90.29
1 February 2008 185.9 89.69
4 February 2008 186.5 89.62
5 February 2008 189.3 89.39
6 February 2008 193.9 89.01
7 February 2008 198.0 88.54
8 February 2008 202.2 88.20
11 February 2008 214.5 87.35
12 February 2008 225.4 86.39
13 February 2008 228.5 86.05
14 February 2008 225.2 86.17
15 February 2008 225.9 86.27
19 February 2008 224.3 86.22
20 February 2008 221.6 86.29
21 February 2008 216.1 86.42
22 February 2008 210.3 86.52
25 February 2008 209.1 86.65
26 February 2008 210.0 86.84
27 February 2008 207.4 86.99
28 February 2008 206.4 86.86
29 February 2008 208.1 86.76
3 March 2008 206.5 86.65
4 March 2008 206.6 86.65
5 March 2008 206.3 86.61
6 March 2008 205.0 86.65
7 March 2008 204.3 86.53
10 March 2008 207.5 86.35
11 March 2008 204.8 86.38
12 March 2008 203.8 86.28
13 March 2008 205.8 86.19
14 March 2008 205.8 86.15
17 March 2008 208.0 86.00
18 March 2008 207.5 85.95
19 March 2008 206.3 85.95
20 March 2008 205.4 85.92
24 March 2008 207.0 85.95
25 March 2008 208.0 85.93
26 March 2008 207.0 85.96
27 March 2008 206.0 85.98
28 March 2008 206.0 86.00
31 March 2008 201.1 86.05
1 April 2008 199.5 85.96
2 April 2008 201.0 86.00
3 April 2008 200.0 86.06
4 April 2008 198.0 86.18
7 April 2008 196.0 86.31
8 April 2008 196.0 86.43
9 April 2008 195.0 86.51
10 April 2008 196.0 86.55
11 April 2008 195.0 86.63
14 April 2008 194.0 86.67
15 April 2008 195.0 86.69
16 April 2008 192.0 86.76
17 April 2008 192.5 86.81
18 April 2008 194.4 86.67
21 April 2008 193.0 86.90
22 April 2008 191.0 86.99
23 April 2008 190.0 87.10
24 April 2008 188.0 87.20
25 April 2008 186.0 87.30
28 April 2008 185.0 87.38
29 April 2008 184.0 87.51
30 April 2008 181.0 87.65
1 May 2008 181.0 87.76
2 May 2008 180.0 87.87
5 May 2008 180.0 87.97
6 May 2008 181.0 87.98
7 May 2008 179.0 88.00
8 May 2008 175.0 88.11
9 May 2008 176.0 87.99
12 May 2008 175.0 88.02
13 May 2008 176.0 87.90
14 May 2008 174.8 87.98
15 May 2008 175.2 87.97
16 May 2008 174.0 88.01
19 May 2008 173.0 88.08
20 May 2008 173.0 88.05
21 May 2008 170.0 88.22
22 May 2008 170.0 88.18
23 May 2008 170.0 88.18
27 May 2008 169.0 88.19
28 May 2008 169.0 88.25
29 May 2008 166.0 88.33
30 May 2008 165.0 88.38
2 June 2008 165.0 88.41
3 June 2008 163.0 88.41
4 June 2008 163.0 88.41
5 June 2008 163.0 88.40
6 June 2008 160.0 88.64
9 June 2008 160.0 88.67
10 June 2008 160.0 88.75
11 June 2008 161.0 88.75
12 June 2008 159.0 88.82
13 June 2008 159.0 88.85
16 June 2008 162.0 88.64
17 June 2008 161.0 88.68
18 June 2008 161.0 88.68
19 June 2008 161.0 88.63
20 June 2008 159.0 88.66
23 June 2008 160.0 88.73
24 June 2008 163.0 88.58
26 June 2008 166.0 88.35
27 June 2008 168.0 88.16
30 June 2008 171.0 87.95
1 July 2008 173.0 87.77
2 July 2008 173.0 87.67
3 July 2008 172.0 87.55
7 July 2008 173.0 87.53
8 July 2008 175.0 87.45
9 July 2008 167.0 87.92
10 July 2008 168.0 87.79
11 July 2008 169.0 87.66
14 July 2008 172.0 87.50
15 July 2008 173.0 87.39
16 July 2008 172.0 87.37
17 July 2008 171.0 87.43
18 July 2008 171.0 87.40
21 July 2008 172.0 87.29
22 July 2008 171.0 87.32
23 July 2008 170.0 87.34
24 July 2008 170.0 87.40
25 July 2008 168.0 87.55
28 July 2008 171.0 87.38
29 July 2008 171.0 87.27
30 July 2008 170.0 87.33
31 July 2008 169.0 87.30
1 August 2008 169.0 87.28
4 August 2008 170.0 87.28
5 August 2008 169.0 87.19
6 August 2008 170.0 87.13
7 August 2008 172.0 86.97
8 August 2008 172.0 86.94
11 August 2008 173.0 86.90
12 August 2008 175.0 86.78
13 August 2008 177.0 86.57
14 August 2008 179.0 86.49
15 August 2008 176.0 86.52
19 August 2008 176.0 86.46
20 August 2008 175.0 86.45
21 August 2008 175.0 86.38
22 August 2008 174.0 86.46
25 August 2008 173.0 86.54
26 August 2008 173.0 86.54
28 August 2008 172.0 86.52
29 August 2008 172.0 86.53
2 September 2008 171.0 86.55
3 September 2008 171.0 86.49
4 September 2008 170.0 86.53
5 September 2008 171.0 86.44
8 September 2008 173.0 86.56
9 September 2008 174.0 86.40
10 September 2008 174.0 86.28
11 September 2008 176.0 86.18
12 September 2008 177.0 86.09
15 September 2008 183.0 85.91
16 September 2008 201.0 85.18
17 September 2008 209.0 85.00
18 September 2008 214.0 84.69
19 September 2008 218.0 84.48
22 September 2008 218.0 84.52
23 September 2008 219.0 84.34
24 September 2008 221.0 83.98
25 September 2008 224.0 83.66
26 September 2008 230.0 83.26
29 September 2008 234.0 82.89
30 September 2008 241.0 82.19
1 October 2008 243.0 82.00
2 October 2008 244.0 81.63
3 October 2008 257.0 80.74
6 October 2008 260.0 80.54
7 October 2008 270.0 79.41
8 October 2008 287.0 77.97
9 October 2008 296.0 77.11
10 October 2008 323.0 75.33
13 October 2008 328.0 74.97
14 October 2008 335.0 74.57
15 October 2008 352.0 73.59
16 October 2008 362.0 72.26
17 October 2008 368.0 71.58
20 October 2008 371.0 71.19
21 October 2008 380.0 70.84
22 October 2008 373.0 70.77
23 October 2008 366.0 70.49
24 October 2008 362.0 70.38
27 October 2008 360.0 70.07
28 October 2008 355.0 69.70
29 October 2008 349.0 69.67
30 October 2008 347.0 69.92
31 October 2008 341.0 70.06
3 November 2008 340.0 70.02
4 November 2008 338.0 70.09
5 November 2008 335.0 70.13
6 November 2008 334.0 70.06
7 November 2008 335.0 69.86
10 November 2008 335.0 69.88
11 November 2008 337.0 69.82
12 November 2008 334.0 69.73
13 November 2008 334.0 69.24
14 November 2008 337.0 68.79
17 November 2008 340.0 68.42
18 November 2008 341.0 67.84
19 November 2008 347.0 67.43
20 November 2008 357.0 66.70
21 November 2008 365.0 65.80
24 November 2008 367.0 65.22
25 November 2008 369.0 64.77
26 November 2008 375.0 64.25
28 November 2008 375.0 64.35
1 December 2008 389.0 64.29
2 December 2008 380.0 63.83
3 December 2008 379.0 63.72
4 December 2008 378.0 63.33
5 December 2008 381.0 62.86
8 December 2008 397.0 62.24
9 December 2008 394.8 62.09
10 December 2008 393.9 61.96
11 December 2008 391.0 61.68

As shown in the figure, a vertical line marks the FOMC meeting on October 28-29, 2008.

Source. LSTA/LPC Mark-to-Market Pricing.


[Box:] Recent developments in the federal funds market

Figure: Excess and Effective Rates

A line chart shows two series, "Excess Rate", and "Effective", from 10/29 through 12/10. The release of the final rule for the FDIC's Temporary Liquidity Guarantee (TLG) program is marked with a vertical tripwire on November 21, 2008. Data is daily; unit is percent. The "Excess rate" series begins at about 0.65 percent on 10/29, and generally increases to about 1.0 by 11/7. It stays about the same around the final rule for the FDIC's TLG program and through late November 2008. It then generally decreases and ends at about 0.5 on 12/10.

Note: Beginning December 4, the rate paid on excess is assumed to be equal to the Desk Survey expectation for the target rate.

Figure: Share of Volume Brokered at Rates below 25 Basis Points

A line chart shows a single series, from 10/29 through 12/10. Data is daily; unit is percent. The series begins at about 30 percent on 10/29, generally increases to about 80, shortly before 11/7 and generally decreases to about 0 by 11/19. It fluctuates between about 0 and 5 through 11/28, and then generally increases to end at about 88 on 12/10.


[Box:] Expected Softness in the Effective Federal Funds Rate

Predictions from the dealer survey
Target rate Probability
100 4%
75 11%
50 63%
25 18%
0 4%

Note. For each target rate, the table shows an average of the probability placed by each of the 16 respondents. Survey responses were due on December 8, 2008.


Predictions from basis swaps
Period Target rate Effective rate Softness
Next 3 months 47 23 24
3 months, 3 months ahead 35 29 6

Note. Expected averages over each period with an allowance for term premiums. Figures reflect data as of December 11, 2008.



Chart 3
Interest Rate Developments

Figure: Expected federal funds rates*

A line chart shows two series, "December 11, 2008", and "October 28, 2008", from 2008:Q4, through 2010:Q4. Unit is percent. The "December 11, 2008" series begins at about 0.2 percent in 2008:Q4, and generally increases to end at about 1.5 by 2010:Q4. The "October 28, 2008" series begins at about 0.75 percent in 2008:Q4, and generally increases to end at about 2.75 in 2010:Q4.

*Estimates from federal funds and Eurodollar futures, with an allowance for term premiums and other adjustments.  Return to text

Source. Chicago Mercantile Exchange and CBOT.

Figure: Probability density for the federal funds rate after the December FOMC meeting

A bar chart shows two series, "Market-based"*, and "Desk's survey"**, for: 0.00, 0.25, 0.50, 0.75, and 1.00; unit is percent. The estimated values for Market-based*/Desk survey** are as follows: 0.00: (20/4). 0.25: (53/18). 0.50: (23/63). 0.75: (2/10). 1.00: (1/3).

*Probabilities derived from options on federal funds futures are for the effective rate.  Return to text

**Survey of primary dealer economists regarding the target rate conducted on Dec. 8, 2008.  Return to text

Source. CBOT and Federal Reserve Bank of New York.

Figure: Implied distribution of federal funds rate six months ahead*

A bar chart shows two series, "Recent: 12/11/2008", and "Last FOMC: 10/28/2008", from 0.00 through 4.00. Unit is percent. The estimated values for "Recent: 12/11/2008" are as follows: 0.00: 12.5, 0.25: 38, 0.50: 27.5, 0.75: 12.5, 1.0: 2.5, 1.25: 2.5, 1.5: 1.25, 1.75: 0.75, 2.00: 0.50, 2.25: 1, and 3.25: 0.75. The estimated values for "Last FOMC: 10/28/2008" are as follows: 0.00: 0, 0.25: 7.5, 0.50: 7.5, 0.75: 12.5, 1.0: 36, 1.25: 26, 1.5: 6, 1.75: 0.5, 2.00: 2, 2.25: 2.25, 2.5: 1, 2.75: 0.25, 3.0: 1, 3.25: 0.25, and 3.5: 0.75 percent.

*Derived from options on Eurodollar futures contracts, with term premium and other adjustments to estimate expectations for the federal funds rate.  Return to text

Source. CBOT.


Figure: Nominal Treasury yields*
Daily
Percent
Date 10-year 2-year
3 January 2006 4.46 4.37
4 January 2006 4.44 4.34
5 January 2006 4.44 4.34
6 January 2006 4.47 4.38
9 January 2006 4.47 4.38
10 January 2006 4.52 4.42
11 January 2006 4.55 4.46
12 January 2006 4.51 4.41
13 January 2006 4.44 4.36
17 January 2006 4.42 4.36
18 January 2006 4.43 4.36
19 January 2006 4.47 4.40
20 January 2006 4.46 4.39
23 January 2006 4.45 4.38
24 January 2006 4.48 4.40
25 January 2006 4.57 4.49
26 January 2006 4.61 4.51
27 January 2006 4.61 4.53
30 January 2006 4.63 4.54
31 January 2006 4.61 4.55
1 February 2006 4.65 4.61
2 February 2006 4.64 4.61
3 February 2006 4.61 4.62
6 February 2006 4.61 4.64
7 February 2006 4.64 4.64
8 February 2006 4.66 4.66
9 February 2006 4.65 4.68
10 February 2006 4.69 4.72
13 February 2006 4.68 4.70
14 February 2006 4.71 4.72
15 February 2006 4.70 4.72
16 February 2006 4.69 4.71
17 February 2006 4.63 4.68
21 February 2006 4.66 4.72
22 February 2006 4.62 4.70
23 February 2006 4.66 4.75
24 February 2006 4.67 4.75
27 February 2006 4.70 4.76
28 February 2006 4.65 4.71
1 March 2006 4.68 4.72
2 March 2006 4.74 4.75
3 March 2006 4.79 4.78
6 March 2006 4.85 4.80
7 March 2006 4.85 4.81
8 March 2006 4.84 4.79
9 March 2006 4.84 4.79
10 March 2006 4.86 4.81
13 March 2006 4.87 4.83
14 March 2006 4.80 4.74
15 March 2006 4.83 4.75
16 March 2006 4.75 4.66
17 March 2006 4.78 4.68
20 March 2006 4.76 4.68
21 March 2006 4.81 4.75
22 March 2006 4.80 4.76
23 March 2006 4.84 4.79
24 March 2006 4.77 4.73
27 March 2006 4.80 4.76
28 March 2006 4.88 4.83
29 March 2006 4.91 4.85
30 March 2006 4.96 4.88
31 March 2006 4.95 4.87
3 April 2006 4.97 4.90
4 April 2006 4.97 4.87
5 April 2006 4.94 4.84
6 April 2006 4.99 4.87
7 April 2006 5.06 4.92
10 April 2006 5.06 4.93
11 April 2006 5.02 4.91
12 April 2006 5.07 4.94
13 April 2006 5.13 4.99
17 April 2006 5.10 4.95
18 April 2006 5.07 4.88
19 April 2006 5.12 4.90
20 April 2006 5.12 4.92
21 April 2006 5.09 4.93
24 April 2006 5.06 4.91
25 April 2006 5.15 4.97
26 April 2006 5.18 5.02
27 April 2006 5.16 4.94
28 April 2006 5.14 4.90
1 May 2006 5.21 4.96
2 May 2006 5.19 4.96
3 May 2006 5.22 4.98
4 May 2006 5.23 5.01
5 May 2006 5.19 4.98
8 May 2006 5.19 5.01
9 May 2006 5.19 5.01
10 May 2006 5.19 5.03
11 May 2006 5.22 5.03
12 May 2006 5.27 5.04
15 May 2006 5.24 5.01
16 May 2006 5.19 4.98
17 May 2006 5.25 5.01
18 May 2006 5.15 4.96
19 May 2006 5.13 4.99
22 May 2006 5.12 4.97
23 May 2006 5.15 5.00
24 May 2006 5.11 4.95
25 May 2006 5.16 4.99
26 May 2006 5.14 4.96
30 May 2006 5.17 5.00
31 May 2006 5.21 5.07
1 June 2006 5.20 5.06
2 June 2006 5.08 4.95
5 June 2006 5.10 4.99
6 June 2006 5.08 5.01
7 June 2006 5.11 5.04
8 June 2006 5.08 5.03
9 June 2006 5.06 5.02
12 June 2006 5.06 5.04
13 June 2006 5.04 5.02
14 June 2006 5.13 5.12
15 June 2006 5.17 5.17
16 June 2006 5.20 5.19
19 June 2006 5.22 5.21
20 June 2006 5.23 5.23
21 June 2006 5.23 5.23
22 June 2006 5.27 5.27
23 June 2006 5.30 5.30
26 June 2006 5.32 5.30
27 June 2006 5.28 5.28
28 June 2006 5.32 5.32
29 June 2006 5.28 5.26
30 June 2006 5.22 5.20
3 July 2006 5.22 5.21
5 July 2006 5.30 5.29
6 July 2006 5.26 5.25
7 July 2006 5.21 5.21
10 July 2006 5.20 5.21
11 July 2006 5.17 5.20
12 July 2006 5.17 5.20
13 July 2006 5.14 5.15
14 July 2006 5.13 5.13
17 July 2006 5.14 5.15
18 July 2006 5.20 5.22
19 July 2006 5.12 5.14
20 July 2006 5.09 5.10
21 July 2006 5.11 5.11
24 July 2006 5.11 5.11
25 July 2006 5.13 5.13
26 July 2006 5.10 5.09
27 July 2006 5.11 5.08
28 July 2006 5.05 5.01
31 July 2006 5.05 5.00
1 August 2006 5.04 4.99
2 August 2006 5.02 4.98
3 August 2006 5.01 5.00
4 August 2006 4.96 4.94
7 August 2006 4.97 4.97
8 August 2006 4.98 4.94
9 August 2006 5.00 4.94
10 August 2006 5.00 4.95
11 August 2006 5.04 5.00
14 August 2006 5.07 5.04
15 August 2006 5.00 4.98
16 August 2006 4.94 4.91
17 August 2006 4.94 4.92
18 August 2006 4.91 4.90
21 August 2006 4.89 4.89
22 August 2006 4.89 4.89
23 August 2006 4.89 4.90
24 August 2006 4.88 4.90
25 August 2006 4.87 4.89
28 August 2006 4.88 4.90
29 August 2006 4.87 4.88
30 August 2006 4.85 4.85
31 August 2006 4.82 4.81
1 September 2006 4.82 4.78
5 September 2006 4.87 4.82
6 September 2006 4.89 4.83
7 September 2006 4.88 4.84
8 September 2006 4.86 4.81
11 September 2006 4.89 4.85
12 September 2006 4.86 4.83
13 September 2006 4.84 4.82
14 September 2006 4.87 4.85
15 September 2006 4.88 4.87
18 September 2006 4.89 4.89
19 September 2006 4.81 4.81
20 September 2006 4.81 4.82
21 September 2006 4.73 4.72
22 September 2006 4.68 4.68
25 September 2006 4.64 4.65
26 September 2006 4.66 4.69
27 September 2006 4.68 4.69
28 September 2006 4.70 4.70
29 September 2006 4.71 4.72
2 October 2006 4.69 4.68
3 October 2006 4.69 4.68
4 October 2006 4.65 4.62
5 October 2006 4.69 4.67
6 October 2006 4.78 4.76
10 October 2006 4.83 4.83
11 October 2006 4.86 4.87
12 October 2006 4.85 4.87
13 October 2006 4.88 4.89
16 October 2006 4.86 4.88
17 October 2006 4.85 4.86
18 October 2006 4.84 4.86
19 October 2006 4.86 4.88
20 October 2006 4.86 4.88
23 October 2006 4.90 4.92
24 October 2006 4.90 4.93
25 October 2006 4.84 4.88
26 October 2006 4.80 4.83
27 October 2006 4.75 4.77
30 October 2006 4.75 4.77
31 October 2006 4.68 4.72
1 November 2006 4.63 4.65
2 November 2006 4.67 4.68
3 November 2006 4.79 4.83
6 November 2006 4.77 4.83
7 November 2006 4.73 4.78
8 November 2006 4.70 4.76
9 November 2006 4.70 4.76
10 November 2006 4.66 4.73
13 November 2006 4.68 4.77
14 November 2006 4.64 4.74
15 November 2006 4.68 4.81
16 November 2006 4.72 4.85
17 November 2006 4.67 4.77
20 November 2006 4.66 4.76
21 November 2006 4.64 4.75
22 November 2006 4.63 4.75
24 November 2006 4.62 4.72
27 November 2006 4.60 4.71
28 November 2006 4.58 4.67
29 November 2006 4.59 4.69
30 November 2006 4.53 4.63
1 December 2006 4.50 4.52
4 December 2006 4.50 4.51
5 December 2006 4.52 4.52
6 December 2006 4.55 4.57
7 December 2006 4.56 4.58
8 December 2006 4.63 4.68
11 December 2006 4.59 4.66
12 December 2006 4.56 4.61
13 December 2006 4.65 4.70
14 December 2006 4.67 4.74
15 December 2006 4.67 4.73
18 December 2006 4.66 4.73
19 December 2006 4.67 4.73
20 December 2006 4.67 4.73
21 December 2006 4.63 4.68
22 December 2006 4.70 4.74
26 December 2006 4.68 4.73
27 December 2006 4.73 4.79
28 December 2006 4.77 4.83
29 December 2006 4.78 4.84
2 January 2007 4.76 4.81
3 January 2007 4.74 4.79
4 January 2007 4.70 4.73
5 January 2007 4.73 4.77
8 January 2007 4.73 4.79
9 January 2007 4.73 4.80
10 January 2007 4.76 4.83
11 January 2007 4.81 4.88
12 January 2007 4.84 4.89
16 January 2007 4.82 4.87
17 January 2007 4.86 4.92
18 January 2007 4.82 4.89
19 January 2007 4.85 4.92
22 January 2007 4.83 4.91
23 January 2007 4.88 4.95
24 January 2007 4.88 4.93
25 January 2007 4.93 4.98
26 January 2007 4.95 4.99
29 January 2007 4.96 5.00
30 January 2007 4.95 4.98
31 January 2007 4.89 4.93
1 February 2007 4.90 4.96
2 February 2007 4.90 4.94
5 February 2007 4.88 4.92
6 February 2007 4.83 4.90
7 February 2007 4.82 4.88
8 February 2007 4.81 4.88
9 February 2007 4.86 4.91
12 February 2007 4.88 4.93
13 February 2007 4.89 4.94
14 February 2007 4.81 4.87
15 February 2007 4.78 4.83
16 February 2007 4.77 4.83
20 February 2007 4.76 4.82
21 February 2007 4.77 4.84
22 February 2007 4.81 4.88
23 February 2007 4.76 4.82
26 February 2007 4.71 4.78
27 February 2007 4.58 4.61
28 February 2007 4.64 4.66
1 March 2007 4.64 4.64
2 March 2007 4.61 4.58
5 March 2007 4.60 4.57
6 March 2007 4.62 4.62
7 March 2007 4.59 4.58
8 March 2007 4.60 4.59
9 March 2007 4.67 4.70
12 March 2007 4.64 4.66
13 March 2007 4.59 4.56
14 March 2007 4.62 4.58
15 March 2007 4.62 4.61
16 March 2007 4.63 4.63
19 March 2007 4.66 4.66
20 March 2007 4.64 4.64
21 March 2007 4.62 4.56
22 March 2007 4.68 4.63
23 March 2007 4.70 4.65
26 March 2007 4.68 4.61
27 March 2007 4.71 4.62
28 March 2007 4.71 4.60
29 March 2007 4.72 4.64
30 March 2007 4.74 4.65
2 April 2007 4.74 4.65
3 April 2007 4.76 4.68
4 April 2007 4.75 4.65
5 April 2007 4.77 4.67
6 April 2007 4.84 4.79
9 April 2007 4.84 4.78
10 April 2007 4.82 4.75
11 April 2007 4.83 4.77
12 April 2007 4.82 4.77
13 April 2007 4.85 4.81
16 April 2007 4.82 4.79
17 April 2007 4.77 4.72
18 April 2007 4.74 4.68
19 April 2007 4.75 4.68
20 April 2007 4.76 4.68
23 April 2007 4.73 4.66
24 April 2007 4.70 4.62
25 April 2007 4.73 4.66
26 April 2007 4.77 4.71
27 April 2007 4.78 4.71
30 April 2007 4.70 4.64
1 May 2007 4.71 4.68
2 May 2007 4.72 4.69
3 May 2007 4.74 4.74
4 May 2007 4.71 4.70
7 May 2007 4.70 4.71
8 May 2007 4.70 4.71
9 May 2007 4.74 4.76
10 May 2007 4.72 4.72
11 May 2007 4.75 4.74
14 May 2007 4.76 4.76
15 May 2007 4.78 4.77
16 May 2007 4.78 4.76
17 May 2007 4.83 4.81
18 May 2007 4.88 4.84
21 May 2007 4.86 4.83
22 May 2007 4.91 4.86
23 May 2007 4.94 4.86
24 May 2007 4.93 4.87
25 May 2007 4.94 4.88
29 May 2007 4.95 4.90
30 May 2007 4.95 4.92
31 May 2007 4.97 4.94
1 June 2007 5.03 5.00
4 June 2007 5.00 4.99
5 June 2007 5.05 5.02
6 June 2007 5.04 4.98
7 June 2007 5.18 5.04
8 June 2007 5.19 5.04
11 June 2007 5.21 5.03
12 June 2007 5.33 5.10
13 June 2007 5.27 5.09
14 June 2007 5.30 5.12
15 June 2007 5.24 5.06
18 June 2007 5.22 5.04
19 June 2007 5.16 4.98
20 June 2007 5.21 5.02
21 June 2007 5.24 5.01
22 June 2007 5.22 4.97
25 June 2007 5.16 4.92
26 June 2007 5.18 4.94
27 June 2007 5.16 4.94
28 June 2007 5.19 4.99
29 June 2007 5.10 4.91
2 July 2007 5.07 4.88
3 July 2007 5.12 4.92
5 July 2007 5.22 5.02
6 July 2007 5.27 5.02
9 July 2007 5.23 5.00
10 July 2007 5.11 4.88
11 July 2007 5.16 4.92
12 July 2007 5.20 4.97
13 July 2007 5.18 4.96
16 July 2007 5.13 4.91
17 July 2007 5.16 4.94
18 July 2007 5.10 4.87
19 July 2007 5.12 4.89
20 July 2007 5.04 4.80
23 July 2007 5.05 4.83
24 July 2007 5.02 4.79
25 July 2007 5.00 4.77
26 July 2007 4.88 4.58
27 July 2007 4.89 4.57
30 July 2007 4.91 4.62
31 July 2007 4.87 4.59
1 August 2007 4.86 4.59
2 August 2007 4.87 4.62
3 August 2007 4.81 4.51
6 August 2007 4.82 4.49
7 August 2007 4.87 4.60
8 August 2007 4.97 4.68
9 August 2007 4.93 4.55
10 August 2007 4.93 4.53
13 August 2007 4.91 4.51
14 August 2007 4.87 4.44
15 August 2007 4.84 4.35
16 August 2007 4.75 4.14
17 August 2007 4.81 4.24
20 August 2007 4.78 4.18
21 August 2007 4.72 4.10
22 August 2007 4.75 4.17
23 August 2007 4.74 4.21
24 August 2007 4.74 4.32
27 August 2007 4.72 4.30
28 August 2007 4.66 4.16
29 August 2007 4.69 4.20
30 August 2007 4.64 4.14
31 August 2007 4.66 4.20
4 September 2007 4.68 4.20
5 September 2007 4.61 4.08
6 September 2007 4.63 4.13
7 September 2007 4.50 3.95
10 September 2007 4.45 3.91
11 September 2007 4.48 4.00
12 September 2007 4.52 4.01
13 September 2007 4.59 4.13
14 September 2007 4.57 4.09
17 September 2007 4.58 4.12
18 September 2007 4.61 4.05
19 September 2007 4.63 4.03
20 September 2007 4.78 4.14
21 September 2007 4.74 4.10
24 September 2007 4.73 4.09
25 September 2007 4.73 4.03
26 September 2007 4.73 4.02
27 September 2007 4.68 3.99
28 September 2007 4.69 4.00
1 October 2007 4.66 4.03
2 October 2007 4.64 3.99
3 October 2007 4.66 4.04
4 October 2007 4.64 4.02
5 October 2007 4.75 4.12
9 October 2007 4.76 4.16
10 October 2007 4.76 4.18
11 October 2007 4.77 4.16
12 October 2007 4.80 4.25
15 October 2007 4.79 4.24
16 October 2007 4.77 4.15
17 October 2007 4.67 4.02
18 October 2007 4.63 3.96
19 October 2007 4.52 3.83
22 October 2007 4.52 3.86
23 October 2007 4.52 3.84
24 October 2007 4.47 3.77
25 October 2007 4.48 3.77
26 October 2007 4.51 3.79
29 October 2007 4.50 3.82
30 October 2007 4.51 3.84
31 October 2007 4.58 3.95
1 November 2007 4.47 3.80
2 November 2007 4.43 3.68
5 November 2007 4.45 3.71
6 November 2007 4.49 3.73
7 November 2007 4.47 3.63
8 November 2007 4.43 3.50
9 November 2007 4.37 3.47
13 November 2007 4.40 3.56
14 November 2007 4.41 3.58
15 November 2007 4.31 3.39
16 November 2007 4.30 3.35
19 November 2007 4.23 3.21
20 November 2007 4.23 3.18
21 November 2007 4.20 3.03
23 November 2007 4.19 3.11
26 November 2007 4.01 2.94
27 November 2007 4.13 3.07
28 November 2007 4.20 3.20
29 November 2007 4.12 3.09
30 November 2007 4.16 3.06
3 December 2007 4.08 2.91
4 December 2007 4.08 2.90
5 December 2007 4.11 2.90
6 December 2007 4.20 3.03
7 December 2007 4.31 3.14
10 December 2007 4.33 3.17
11 December 2007 4.19 2.95
12 December 2007 4.24 3.07
13 December 2007 4.35 3.20
14 December 2007 4.41 3.30
17 December 2007 4.36 3.24
18 December 2007 4.30 3.19
19 December 2007 4.23 3.13
20 December 2007 4.21 3.08
21 December 2007 4.34 3.20
24 December 2007 4.39 3.24
26 December 2007 4.46 3.32
27 December 2007 4.38 3.23
28 December 2007 4.28 3.11
31 December 2007 4.22 3.06
2 January 2008 4.10 2.87
3 January 2008 4.08 2.80
4 January 2008 4.04 2.71
7 January 2008 4.01 2.73
8 January 2008 4.02 2.73
9 January 2008 3.97 2.67
10 January 2008 4.07 2.69
11 January 2008 3.98 2.56
14 January 2008 3.98 2.55
15 January 2008 3.88 2.50
16 January 2008 3.91 2.48
17 January 2008 3.83 2.40
18 January 2008 3.84 2.32
22 January 2008 3.71 2.04
23 January 2008 3.71 2.05
24 January 2008 3.87 2.23
25 January 2008 3.81 2.20
28 January 2008 3.81 2.18
29 January 2008 3.88 2.25
30 January 2008 3.96 2.30
31 January 2008 3.86 2.16
1 February 2008 3.82 2.08
4 February 2008 3.86 2.07
5 February 2008 3.80 1.92
6 February 2008 3.83 1.95
7 February 2008 3.96 2.00
8 February 2008 3.86 1.91
11 February 2008 3.84 1.90
12 February 2008 3.88 1.92
13 February 2008 3.92 1.88
14 February 2008 4.06 1.90
15 February 2008 3.98 1.89
19 February 2008 4.09 2.05
20 February 2008 4.12 2.16
21 February 2008 3.98 1.96
22 February 2008 3.99 1.97
25 February 2008 4.11 2.13
26 February 2008 4.08 2.05
27 February 2008 4.06 2.00
28 February 2008 3.93 1.86
29 February 2008 3.76 1.63
3 March 2008 3.77 1.60
4 March 2008 3.86 1.62
5 March 2008 3.93 1.67
6 March 2008 3.86 1.55
7 March 2008 3.80 1.54
10 March 2008 3.70 1.48
11 March 2008 3.84 1.75
12 March 2008 3.72 1.64
13 March 2008 3.79 1.66
14 March 2008 3.66 1.48
17 March 2008 3.58 1.36
18 March 2008 3.67 1.59
19 March 2008 3.59 1.51
20 March 2008 3.54 1.53
24 March 2008 3.75 1.80
25 March 2008 3.72 1.77
26 March 2008 3.73 1.69
27 March 2008 3.78 1.72
28 March 2008 3.71 1.63
31 March 2008 3.69 1.61
1 April 2008 3.81 1.78
2 April 2008 3.83 1.89
3 April 2008 3.83 1.93
4 April 2008 3.73 1.83
7 April 2008 3.79 1.95
8 April 2008 3.81 1.89
9 April 2008 3.72 1.77
10 April 2008 3.76 1.82
11 April 2008 3.71 1.75
14 April 2008 3.75 1.77
15 April 2008 3.81 1.85
16 April 2008 3.93 1.98
17 April 2008 3.95 2.11
18 April 2008 3.97 2.16
21 April 2008 3.95 2.15
22 April 2008 3.94 2.16
23 April 2008 3.96 2.18
24 April 2008 4.06 2.32
25 April 2008 4.11 2.37
28 April 2008 4.05 2.29
29 April 2008 4.04 2.28
30 April 2008 3.98 2.22
1 May 2008 3.98 2.28
2 May 2008 4.09 2.38
5 May 2008 4.08 2.34
6 May 2008 4.13 2.32
7 May 2008 4.08 2.26
8 May 2008 4.01 2.18
9 May 2008 3.99 2.20
12 May 2008 3.99 2.25
13 May 2008 4.11 2.42
14 May 2008 4.13 2.48
15 May 2008 4.04 2.39
16 May 2008 4.06 2.41
19 May 2008 4.04 2.36
20 May 2008 3.99 2.29
21 May 2008 4.02 2.37
22 May 2008 4.13 2.50
23 May 2008 4.06 2.41
27 May 2008 4.15 2.49
28 May 2008 4.25 2.60
29 May 2008 4.30 2.62
30 May 2008 4.29 2.61
2 June 2008 4.19 2.48
3 June 2008 4.13 2.42
4 June 2008 4.20 2.46
5 June 2008 4.28 2.52
6 June 2008 4.17 2.41
9 June 2008 4.24 2.69
10 June 2008 4.33 2.85
11 June 2008 4.32 2.78
12 June 2008 4.43 2.97
13 June 2008 4.48 3.00
16 June 2008 4.47 2.98
17 June 2008 4.45 2.90
18 June 2008 4.36 2.84
19 June 2008 4.44 2.94
20 June 2008 4.36 2.84
23 June 2008 4.39 2.93
24 June 2008 4.29 2.80
25 June 2008 4.32 2.78
26 June 2008 4.25 2.65
27 June 2008 4.17 2.61
30 June 2008 4.17 2.61
1 July 2008 4.19 2.61
2 July 2008 4.17 2.58
3 July 2008 4.17 2.53
7 July 2008 4.13 2.47
8 July 2008 4.09 2.48
9 July 2008 4.03 2.42
10 July 2008 4.02 2.43
11 July 2008 4.14 2.58
14 July 2008 4.08 2.48
15 July 2008 4.05 2.39
16 July 2008 4.16 2.44
17 July 2008 4.25 2.57
18 July 2008 4.29 2.64
21 July 2008 4.26 2.64
22 July 2008 4.31 2.70
23 July 2008 4.34 2.73
24 July 2008 4.21 2.56
25 July 2008 4.32 2.65
28 July 2008 4.24 2.55
29 July 2008 4.27 2.61
30 July 2008 4.24 2.59
31 July 2008 4.16 2.48
1 August 2008 4.14 2.47
4 August 2008 4.15 2.49
5 August 2008 4.20 2.51
6 August 2008 4.23 2.53
7 August 2008 4.10 2.39
8 August 2008 4.12 2.47
11 August 2008 4.17 2.52
12 August 2008 4.09 2.41
13 August 2008 4.13 2.46
14 August 2008 4.07 2.41
15 August 2008 4.02 2.37
18 August 2008 4.00 2.33
19 August 2008 4.02 2.31
20 August 2008 3.97 2.25
21 August 2008 4.02 2.33
22 August 2008 4.05 2.41
25 August 2008 3.96 2.32
26 August 2008 3.96 2.34
27 August 2008 3.94 2.30
28 August 2008 3.96 2.35
29 August 2008 4.01 2.35
2 September 2008 3.92 2.26
3 September 2008 3.89 2.24
4 September 2008 3.83 2.18
5 September 2008 3.85 2.22
8 September 2008 3.85 2.27
9 September 2008 3.80 2.22
10 September 2008 3.84 2.21
11 September 2008 3.81 2.17
12 September 2008 3.93 2.24
15 September 2008 3.68 1.78
16 September 2008 3.67 1.90
17 September 2008 3.63 1.67
18 September 2008 3.75 1.81
19 September 2008 3.99 2.19
22 September 2008 4.06 2.17
23 September 2008 4.07 2.15
24 September 2008 4.05 2.00
25 September 2008 4.11 2.17
26 September 2008 4.09 2.12
29 September 2008 3.86 1.71
30 September 2008 4.11 2.00
1 October 2008 4.03 1.83
2 October 2008 3.94 1.62
3 October 2008 3.92 1.58
6 October 2008 3.78 1.41
7 October 2008 3.81 1.42
8 October 2008 4.07 1.61
9 October 2008 4.22 1.63
10 October 2008 4.25 1.56
14 October 2008 4.46 1.75
15 October 2008 4.47 1.56
16 October 2008 4.46 1.52
17 October 2008 4.49 1.52
20 October 2008 4.42 1.60
21 October 2008 4.29 1.46
22 October 2008 4.19 1.42
23 October 2008 4.18 1.42
24 October 2008 4.29 1.47
27 October 2008 4.32 1.48
28 October 2008 4.43 1.49
29 October 2008 4.48 1.44
30 October 2008 4.56 1.45
31 October 2008 4.59 1.41
3 November 2008 4.57 1.28
4 November 2008 4.40 1.21
5 November 2008 4.31 1.19
6 November 2008 4.31 1.14
7 November 2008 4.38 1.20
10 November 2008 4.35 1.14
12 November 2008 4.23 1.03
13 November 2008 4.33 1.09
14 November 2008 4.19 1.06
17 November 2008 4.12 1.06
18 November 2008 3.97 0.99
19 November 2008 3.83 0.91
20 November 2008 3.58 0.80
21 November 2008 3.66 0.89
24 November 2008 3.81 1.06
25 November 2008 3.60 0.91
26 November 2008 3.51 0.88
28 November 2008 3.47 0.78
1 December 2008 3.27 0.66
2 December 2008 3.23 0.65
3 December 2008 3.21 0.61
4 December 2008 3.09 0.56
5 December 2008 3.23 0.68
8 December 2008 3.29 0.72
9 December 2008 3.18 0.58
10 December 2008 3.21 0.59
11 December 2008 3.15 0.53

As shown in the figure, a vertical line marks the FOMC meeting on October 28-29, 2008.

* Par yields from a smoothed nominal off-the-run Treasury yield curve.  Return to table

Source. Board staff estimates.


Figure: Oil prices and inflation compensation*
Daily
Date Spot WTI ($/barrel) Next 5 years (Percent) 5-to-10 year forward (Percent)
3 January 2006 63.45 2.48 2.47
4 January 2006 63.43 2.46 2.48
5 January 2006 62.80 2.44 2.46
6 January 2006 64.22 2.48 2.44
9 January 2006 63.51 2.47 2.43
10 January 2006 63.38 2.49 2.47
11 January 2006 63.95 2.50 2.50
12 January 2006 63.95 2.52 2.52
13 January 2006 63.93 2.49 2.50
17 January 2006 66.32 2.50 2.51
18 January 2006 65.74 2.53 2.53
19 January 2006 66.84 2.56 2.54
20 January 2006 68.36 2.59 2.55
23 January 2006 67.86 2.55 2.51
24 January 2006 66.75 2.52 2.50
25 January 2006 65.36 2.51 2.52
26 January 2006 66.24 2.54 2.56
27 January 2006 67.77 2.59 2.58
30 January 2006 68.36 2.57 2.58
31 January 2006 67.93 2.61 2.60
1 February 2006 66.57 2.59 2.59
2 February 2006 64.69 2.57 2.58
3 February 2006 65.38 2.59 2.56
6 February 2006 65.13 2.59 2.56
7 February 2006 63.10 2.55 2.58
8 February 2006 62.56 2.53 2.56
9 February 2006 62.63 2.53 2.57
10 February 2006 61.85 2.53 2.57
13 February 2006 61.05 2.49 2.57
14 February 2006 59.58 2.45 2.57
15 February 2006 57.66 2.46 2.55
16 February 2006 58.47 2.50 2.56
17 February 2006 59.89 2.50 2.52
21 February 2006 61.13 2.53 2.51
22 February 2006 58.02 2.52 2.49
23 February 2006 58.33 2.52 2.50
24 February 2006 62.52 2.58 2.52
27 February 2006 61.01 2.55 2.52
28 February 2006 61.42 2.54 2.53
1 March 2006 61.42 2.54 2.54
2 March 2006 63.37 2.60 2.58
3 March 2006 63.68 2.62 2.61
6 March 2006 62.41 2.57 2.62
7 March 2006 61.59 2.56 2.61
8 March 2006 61.59 2.49 2.58
9 March 2006 60.48 2.48 2.59
10 March 2006 59.97 2.48 2.60
13 March 2006 61.78 2.47 2.59
14 March 2006 63.11 2.47 2.61
15 March 2006 62.18 2.48 2.61
16 March 2006 63.58 2.51 2.57
17 March 2006 62.78 2.50 2.59
20 March 2006 60.43 2.47 2.55
21 March 2006 60.58 2.45 2.55
22 March 2006 60.78 2.46 2.55
23 March 2006 63.42 2.48 2.57
24 March 2006 63.96 2.45 2.54
27 March 2006 64.17 2.44 2.55
28 March 2006 66.08 2.47 2.56
29 March 2006 66.46 2.48 2.56
30 March 2006 67.21 2.51 2.58
31 March 2006 66.66 2.50 2.60
3 April 2006 66.75 2.49 2.60
4 April 2006 66.24 2.46 2.59
5 April 2006 67.08 2.48 2.60
6 April 2006 67.95 2.49 2.61
7 April 2006 67.40 2.50 2.63
10 April 2006 68.75 2.53 2.64
11 April 2006 68.99 2.53 2.63
12 April 2006 68.63 2.54 2.62
13 April 2006 69.33 2.56 2.63
17 April 2006 70.41 2.56 2.63
18 April 2006 71.36 2.58 2.67
19 April 2006 72.18 2.61 2.72
20 April 2006 71.96 2.56 2.72
21 April 2006 73.83 2.57 2.71
24 April 2006 70.09 2.52 2.70
25 April 2006 68.38 2.50 2.73
26 April 2006 71.94 2.52 2.75
27 April 2006 70.98 2.54 2.77
28 April 2006 71.89 2.57 2.82
1 May 2006 73.71 2.62 2.83
2 May 2006 74.62 2.61 2.79
3 May 2006 72.29 2.60 2.77
4 May 2006 69.95 2.59 2.75
5 May 2006 70.20 2.61 2.75
8 May 2006 69.78 2.60 2.74
9 May 2006 70.70 2.63 2.76
10 May 2006 72.14 2.65 2.74
11 May 2006 73.33 2.66 2.80
12 May 2006 72.05 2.66 2.78
15 May 2006 69.42 2.59 2.77
16 May 2006 69.54 2.58 2.76
17 May 2006 69.54 2.62 2.79
18 May 2006 69.46 2.58 2.74
19 May 2006 68.54 2.55 2.69
22 May 2006 69.23 2.55 2.71
23 May 2006 71.51 2.57 2.70
24 May 2006 69.71 2.53 2.69
25 May 2006 71.12 2.57 2.69
26 May 2006 71.37 2.56 2.71
30 May 2006 72.03 2.60 2.73
31 May 2006 71.29 2.63 2.75
1 June 2006 70.34 2.61 2.74
2 June 2006 72.33 2.59 2.72
5 June 2006 72.60 2.60 2.70
6 June 2006 72.50 2.55 2.64
7 June 2006 70.82 2.52 2.61
8 June 2006 70.35 2.53 2.61
9 June 2006 71.63 2.48 2.59
12 June 2006 70.36 2.50 2.59
13 June 2006 68.56 2.47 2.60
14 June 2006 69.14 2.48 2.61
15 June 2006 69.50 2.50 2.65
16 June 2006 69.88 2.51 2.66
19 June 2006 68.98 2.50 2.64
20 June 2006 68.94 2.50 2.64
21 June 2006 70.70 2.51 2.63
22 June 2006 70.49 2.54 2.64
23 June 2006 70.54 2.54 2.65
26 June 2006 71.80 2.56 2.66
27 June 2006 71.92 2.54 2.64
28 June 2006 72.19 2.54 2.67
29 June 2006 73.52 2.60 2.68
30 June 2006 73.98 2.59 2.68
3 July 2006 ND 2.59 2.66
5 July 2006 75.19 2.60 2.66
6 July 2006 75.14 2.61 2.65
7 July 2006 74.09 2.61 2.64
10 July 2006 73.63 2.58 2.64
11 July 2006 74.16 2.57 2.62
12 July 2006 74.95 2.55 2.59
13 July 2006 76.70 2.59 2.61
14 July 2006 77.03 2.60 2.63
17 July 2006 75.31 2.59 2.64
18 July 2006 73.55 2.58 2.64
19 July 2006 72.67 2.57 2.64
20 July 2006 73.09 2.57 2.65
21 July 2006 73.94 2.56 2.62
24 July 2006 74.71 2.56 2.62
25 July 2006 73.41 2.59 2.67
26 July 2006 73.95 2.59 2.68
27 July 2006 74.55 2.60 2.68
28 July 2006 73.25 2.57 2.68
31 July 2006 74.41 2.56 2.69
1 August 2006 74.92 2.59 2.68
2 August 2006 75.82 2.61 2.68
3 August 2006 75.47 2.61 2.68
4 August 2006 74.77 2.62 2.69
7 August 2006 76.99 2.64 2.68
8 August 2006 76.32 2.63 2.72
9 August 2006 76.36 2.65 2.74
10 August 2006 74.01 2.60 2.72
11 August 2006 74.36 2.64 2.71
14 August 2006 73.56 2.63 2.70
15 August 2006 73.06 2.60 2.71
16 August 2006 71.90 2.55 2.71
17 August 2006 70.07 2.54 2.71
18 August 2006 71.15 2.53 2.70
21 August 2006 72.46 2.54 2.71
22 August 2006 72.64 2.55 2.73
23 August 2006 71.42 2.50 2.73
24 August 2006 72.02 2.45 2.71
25 August 2006 72.17 2.48 2.73
28 August 2006 70.62 2.44 2.72
29 August 2006 69.72 2.45 2.68
30 August 2006 70.04 2.43 2.68
31 August 2006 70.27 2.44 2.68
1 September 2006 69.20 2.41 2.67
5 September 2006 68.61 2.41 2.67
6 September 2006 67.51 2.41 2.68
7 September 2006 67.33 2.37 2.66
8 September 2006 66.26 2.35 2.65
11 September 2006 65.62 2.31 2.64
12 September 2006 63.77 2.31 2.64
13 September 2006 63.98 2.32 2.65
14 September 2006 63.23 2.36 2.66
15 September 2006 63.54 2.30 2.64
18 September 2006 63.81 2.31 2.64
19 September 2006 61.67 2.25 2.61
20 September 2006 60.47 2.22 2.59
21 September 2006 61.05 2.19 2.59
22 September 2006 60.11 2.20 2.58
25 September 2006 61.46 2.20 2.57
26 September 2006 61.02 2.22 2.55
27 September 2006 62.97 2.24 2.53
28 September 2006 62.77 2.26 2.57
29 September 2006 62.92 2.29 2.57
2 October 2006 61.04 2.25 2.57
3 October 2006 58.69 2.21 2.56
4 October 2006 59.42 2.18 2.56
5 October 2006 60.04 2.20 2.57
6 October 2006 59.77 2.21 2.59
9 October 2006 59.97 ND ND
10 October 2006 58.53 2.26 2.57
11 October 2006 57.60 2.24 2.56
12 October 2006 57.87 2.25 2.56
13 October 2006 58.58 2.26 2.58
16 October 2006 59.59 2.26 2.59
17 October 2006 58.94 2.22 2.57
18 October 2006 57.66 2.25 2.57
19 October 2006 58.51 2.24 2.60
20 October 2006 56.83 2.23 2.61
23 October 2006 57.02 2.24 2.60
24 October 2006 56.91 2.26 2.61
25 October 2006 59.11 2.28 2.61
26 October 2006 60.37 2.25 2.64
27 October 2006 60.76 2.23 2.63
30 October 2006 59.37 2.19 2.61
31 October 2006 58.74 2.20 2.60
1 November 2006 58.72 2.20 2.59
2 November 2006 57.89 2.20 2.57
3 November 2006 59.15 2.24 2.64
6 November 2006 60.03 2.26 2.63
7 November 2006 58.94 2.23 2.65
8 November 2006 58.94 2.24 2.65
9 November 2006 61.17 2.25 2.64
10 November 2006 59.60 2.23 2.61
13 November 2006 58.59 2.29 2.63
14 November 2006 58.29 2.27 2.59
15 November 2006 58.77 2.27 2.58
16 November 2006 56.27 2.24 2.57
17 November 2006 60.32 2.22 2.57
20 November 2006 56.46 2.21 2.54
21 November 2006 58.03 2.22 2.50
22 November 2006 58.45 2.22 2.51
24 November 2006 ND 2.25 2.50
27 November 2006 60.33 2.24 2.50
28 November 2006 61.00 2.26 2.50
29 November 2006 62.47 2.27 2.50
30 November 2006 63.14 2.27 2.53
1 December 2006 63.44 2.30 2.55
4 December 2006 62.90 2.26 2.54
5 December 2006 62.44 2.28 2.55
6 December 2006 62.20 2.27 2.55
7 December 2006 62.50 2.27 2.54
8 December 2006 62.04 2.27 2.57
11 December 2006 61.23 2.26 2.54
12 December 2006 61.03 2.23 2.53
13 December 2006 61.03 2.24 2.55
14 December 2006 62.52 2.27 2.54
15 December 2006 63.44 2.30 2.51
18 December 2006 62.22 2.25 2.50
19 December 2006 63.16 2.25 2.48
20 December 2006 63.23 2.23 2.48
21 December 2006 61.97 2.21 2.44
22 December 2006 61.92 2.23 2.44
26 December 2006 61.11 2.17 2.44
27 December 2006 60.35 2.16 2.43
28 December 2006 60.54 2.23 2.46
29 December 2006 61.06 2.25 2.47
2 January 2007 ND 2.33 2.47
3 January 2007 58.33 2.33 2.47
4 January 2007 55.41 2.27 2.44
5 January 2007 56.32 2.28 2.46
8 January 2007 56.10 2.29 2.45
9 January 2007 55.65 2.28 2.42
10 January 2007 54.03 2.28 2.42
11 January 2007 51.89 2.21 2.41
12 January 2007 53.00 2.22 2.40
16 January 2007 51.22 2.19 2.46
17 January 2007 52.25 2.21 2.47
18 January 2007 50.49 2.19 2.48
19 January 2007 50.49 2.24 2.49
22 January 2007 51.14 2.24 2.50
23 January 2007 53.90 2.30 2.53
24 January 2007 54.73 2.31 2.55
25 January 2007 53.59 2.31 2.55
26 January 2007 55.43 2.32 2.56
29 January 2007 54.02 2.31 2.54
30 January 2007 56.98 2.34 2.55
31 January 2007 58.15 2.36 2.55
1 February 2007 57.31 2.34 2.52
2 February 2007 59.03 2.35 2.52
5 February 2007 58.75 2.33 2.51
6 February 2007 58.89 2.29 2.46
7 February 2007 57.72 2.28 2.49
8 February 2007 59.72 2.26 2.47
9 February 2007 59.90 2.28 2.49
12 February 2007 57.82 2.26 2.48
13 February 2007 59.06 2.27 2.48
14 February 2007 58.00 2.25 2.49
15 February 2007 58.00 2.21 2.48
16 February 2007 59.41 2.23 2.49
20 February 2007 58.08 2.21 2.49
21 February 2007 59.53 2.27 2.48
22 February 2007 59.56 2.31 2.50
23 February 2007 60.53 2.31 2.51
26 February 2007 61.40 2.31 2.49
27 February 2007 61.47 2.28 2.47
28 February 2007 61.80 2.31 2.49
1 March 2007 62.01 2.31 2.49
2 March 2007 61.65 2.33 2.48
5 March 2007 60.08 2.29 2.44
6 March 2007 60.70 2.30 2.45
7 March 2007 61.83 2.29 2.44
8 March 2007 61.65 2.28 2.44
9 March 2007 60.06 2.29 2.43
12 March 2007 58.92 2.24 2.42
13 March 2007 57.94 2.27 2.44
14 March 2007 58.17 2.28 2.46
15 March 2007 57.56 2.27 2.48
16 March 2007 57.12 2.28 2.48
19 March 2007 56.60 2.29 2.47
20 March 2007 56.74 2.28 2.46
21 March 2007 57.37 2.30 2.50
22 March 2007 60.65 2.31 2.54
23 March 2007 61.49 2.31 2.54
26 March 2007 62.92 2.33 2.55
27 March 2007 62.94 2.35 2.56
28 March 2007 64.09 2.35 2.56
29 March 2007 66.04 2.36 2.55
30 March 2007 65.88 2.33 2.55
2 April 2007 65.95 2.33 2.55
3 April 2007 64.65 2.30 2.53
4 April 2007 64.39 2.32 2.54
5 April 2007 64.29 2.35 2.57
6 April 2007 ND 2.38 2.59
9 April 2007 61.52 2.34 2.58
10 April 2007 61.90 2.35 2.58
11 April 2007 62.02 2.34 2.56
12 April 2007 63.86 2.33 2.56
13 April 2007 63.64 2.32 2.55
16 April 2007 63.85 2.31 2.54
17 April 2007 63.11 2.20 2.53
18 April 2007 63.14 2.20 2.51
19 April 2007 61.84 2.22 2.51
20 April 2007 63.39 2.23 2.52
23 April 2007 65.35 2.25 2.51
24 April 2007 63.91 2.26 2.49
25 April 2007 65.12 2.29 2.51
26 April 2007 65.07 2.30 2.51
27 April 2007 66.47 2.31 2.53
30 April 2007 65.71 2.31 2.48
1 May 2007 64.41 2.31 2.48
2 May 2007 63.68 2.31 2.50
3 May 2007 63.20 2.31 2.49
4 May 2007 61.94 2.27 2.46
7 May 2007 61.48 2.26 2.44
8 May 2007 62.27 2.27 2.45
9 May 2007 61.56 2.28 2.45
10 May 2007 61.82 2.30 2.45
11 May 2007 62.38 2.31 2.45
14 May 2007 62.47 2.24 2.44
15 May 2007 63.18 2.22 2.42
16 May 2007 62.56 2.20 2.41
17 May 2007 64.87 2.24 2.40
18 May 2007 64.95 2.24 2.43
21 May 2007 66.28 2.26 2.44
22 May 2007 64.98 2.23 2.47
23 May 2007 65.08 2.25 2.50
24 May 2007 63.59 2.26 2.52
25 May 2007 64.76 2.26 2.52
29 May 2007 63.16 2.25 2.51
30 May 2007 63.50 2.26 2.53
31 May 2007 64.02 2.29 2.55
1 June 2007 65.09 2.30 2.55
4 June 2007 66.22 2.31 2.54
5 June 2007 65.62 2.31 2.55
6 June 2007 65.97 2.31 2.56
7 June 2007 66.93 2.33 2.60
8 June 2007 64.76 2.32 2.62
11 June 2007 65.97 2.34 2.63
12 June 2007 65.36 2.32 2.66
13 June 2007 66.27 2.32 2.65
14 June 2007 67.66 2.34 2.66
15 June 2007 68.00 2.25 2.64
18 June 2007 69.10 2.25 2.63
19 June 2007 69.11 2.24 2.63
20 June 2007 68.20 2.25 2.65
21 June 2007 67.93 2.26 2.68
22 June 2007 68.90 2.28 2.71
25 June 2007 68.94 2.25 2.69
26 June 2007 67.78 2.23 2.66
27 June 2007 68.98 2.25 2.65
28 June 2007 69.57 2.25 2.63
29 June 2007 70.69 2.24 2.61
2 July 2007 71.10 2.24 2.62
3 July 2007 71.42 2.25 2.62
5 July 2007 71.82 2.29 2.63
6 July 2007 72.82 2.30 2.64
9 July 2007 72.20 2.32 2.64
10 July 2007 72.20 2.30 2.62
11 July 2007 72.57 2.30 2.63
12 July 2007 72.51 2.31 2.62
13 July 2007 73.94 2.29 2.62
16 July 2007 74.16 2.27 2.61
17 July 2007 74.03 2.23 2.63
18 July 2007 75.06 2.27 2.63
19 July 2007 75.93 2.29 2.65
20 July 2007 75.58 2.25 2.62
23 July 2007 74.70 2.22 2.63
24 July 2007 73.52 2.24 2.67
25 July 2007 75.99 2.25 2.69
26 July 2007 74.96 2.20 2.64
27 July 2007 77.03 2.20 2.68
30 July 2007 76.84 2.23 2.69
31 July 2007 78.22 2.24 2.70
1 August 2007 76.54 2.17 2.67
2 August 2007 76.87 2.18 2.66
3 August 2007 75.49 2.15 2.62
6 August 2007 72.07 2.06 2.63
7 August 2007 72.43 2.13 2.65
8 August 2007 72.18 2.13 2.67
9 August 2007 71.60 2.13 2.67
10 August 2007 71.47 2.13 2.71
13 August 2007 71.62 2.14 2.68
14 August 2007 72.39 2.12 2.65
15 August 2007 73.34 2.08 2.67
16 August 2007 71.01 2.02 2.70
17 August 2007 71.99 2.08 2.71
20 August 2007 71.13 2.01 2.69
21 August 2007 69.48 2.03 2.70
22 August 2007 69.32 2.05 2.70
23 August 2007 70.04 2.06 2.68
24 August 2007 71.39 2.05 2.67
27 August 2007 71.98 2.03 2.69
28 August 2007 71.74 1.99 2.70
29 August 2007 73.52 2.00 2.68
30 August 2007 73.37 2.00 2.68
31 August 2007 74.05 1.99 2.66
4 September 2007 75.08 2.01 2.68
5 September 2007 75.74 1.99 2.69
6 September 2007 76.31 1.99 2.68
7 September 2007 76.71 1.99 2.69
10 September 2007 77.50 1.99 2.68
11 September 2007 78.24 2.03 2.70
12 September 2007 79.92 2.08 2.71
13 September 2007 80.10 2.11 2.72
14 September 2007 79.11 2.10 2.73
17 September 2007 80.57 2.12 2.75
18 September 2007 81.52 2.16 2.81
19 September 2007 81.94 2.15 2.81
20 September 2007 83.33 2.17 2.85
21 September 2007 83.36 2.16 2.81
24 September 2007 82.67 2.13 2.79
25 September 2007 81.64 2.10 2.78
26 September 2007 80.31 2.12 2.79
27 September 2007 82.89 2.13 2.81
28 September 2007 81.67 2.16 2.80
1 October 2007 80.25 2.14 2.79
2 October 2007 80.06 2.13 2.79
3 October 2007 79.98 2.14 2.78
4 October 2007 81.45 2.13 2.78
5 October 2007 81.23 2.16 2.79
8 October 2007 79.03 ND ND
9 October 2007 80.27 2.17 2.79
10 October 2007 81.31 2.16 2.80
11 October 2007 83.09 2.16 2.80
12 October 2007 83.70 2.19 2.79
15 October 2007 86.14 2.21 2.77
16 October 2007 87.62 2.19 2.77
17 October 2007 87.41 2.18 2.76
18 October 2007 89.48 2.17 2.74
19 October 2007 88.61 2.14 2.73
22 October 2007 87.57 2.14 2.73
23 October 2007 86.48 2.11 2.75
24 October 2007 89.36 2.15 2.74
25 October 2007 92.97 2.18 2.74
26 October 2007 91.87 2.20 2.78
29 October 2007 93.53 2.17 2.76
30 October 2007 90.39 2.17 2.77
31 October 2007 94.54 2.22 2.74
1 November 2007 93.49 2.22 2.75
2 November 2007 95.94 2.30 2.77
5 November 2007 93.99 2.32 2.79
6 November 2007 93.99 2.36 2.80
7 November 2007 96.38 2.32 2.81
8 November 2007 95.47 2.32 2.82
9 November 2007 96.33 2.35 2.80
12 November 2007 94.63 ND ND
13 November 2007 91.18 2.33 2.78
14 November 2007 94.10 2.29 2.75
15 November 2007 93.44 2.24 2.73
16 November 2007 95.10 2.25 2.75
19 November 2007 95.75 2.26 2.77
20 November 2007 98.83 2.29 2.77
21 November 2007 97.79 2.26 2.79
23 November 2007 98.18 2.30 2.77
26 November 2007 97.71 2.27 2.74
27 November 2007 94.43 2.26 2.77
28 November 2007 90.63 2.22 2.72
29 November 2007 91.02 2.23 2.75
30 November 2007 88.72 2.23 2.77
3 December 2007 89.32 2.18 2.76
4 December 2007 88.33 2.15 2.72
5 December 2007 87.50 2.10 2.67
6 December 2007 90.24 2.11 2.72
7 December 2007 88.29 2.11 2.76
10 December 2007 87.87 2.12 2.75
11 December 2007 90.03 2.06 2.71
12 December 2007 94.40 2.10 2.72
13 December 2007 92.26 2.16 2.73
14 December 2007 91.28 2.14 2.74
17 December 2007 90.64 2.13 2.74
18 December 2007 90.50 2.15 2.75
19 December 2007 91.05 2.11 2.71
20 December 2007 90.97 2.12 2.73
21 December 2007 93.32 2.14 2.77
24 December 2007 93.32 2.17 2.77
26 December 2007 95.98 2.16 2.78
27 December 2007 96.63 2.18 2.74
28 December 2007 96.01 2.15 2.69
31 December 2007 96.01 2.16 2.72
2 January 2008 99.63 2.27 2.71
3 January 2008 99.19 2.29 2.65
4 January 2008 97.92 2.26 2.67
7 January 2008 95.10 2.10 2.64
8 January 2008 96.34 2.12 2.65
9 January 2008 95.68 2.07 2.64
10 January 2008 93.72 2.07 2.70
11 January 2008 92.70 2.07 2.75
14 January 2008 94.21 2.11 2.78
15 January 2008 91.91 2.09 2.76
16 January 2008 90.85 2.08 2.75
17 January 2008 90.14 2.03 2.78
18 January 2008 90.58 2.03 2.79
22 January 2008 89.86 1.97 2.89
23 January 2008 87.32 1.99 2.96
24 January 2008 89.41 1.99 2.96
25 January 2008 90.71 2.04 2.93
28 January 2008 90.99 2.04 2.94
29 January 2008 91.65 2.10 3.00
30 January 2008 92.34 2.20 3.00
31 January 2008 91.76 2.14 3.00
1 February 2008 88.97 2.08 2.98
4 February 2008 90.02 2.08 2.95
5 February 2008 88.42 2.01 2.99
6 February 2008 87.15 2.00 3.01
7 February 2008 88.12 2.04 3.00
8 February 2008 91.78 2.07 3.00
11 February 2008 93.60 2.08 3.00
12 February 2008 92.79 2.06 3.00
13 February 2008 92.79 2.04 2.95
14 February 2008 95.47 2.11 2.93
15 February 2008 95.51 2.07 2.90
19 February 2008 100.01 2.14 2.93
20 February 2008 100.75 2.23 2.96
21 February 2008 98.39 2.16 2.90
22 February 2008 98.91 2.17 2.90
25 February 2008 99.41 2.24 2.93
26 February 2008 100.89 2.29 2.97
27 February 2008 99.65 2.27 2.95
28 February 2008 102.60 2.28 2.99
29 February 2008 101.85 2.25 2.94
3 March 2008 102.46 2.28 2.99
4 March 2008 99.52 2.30 3.10
5 March 2008 104.52 2.34 3.16
6 March 2008 105.48 2.29 3.15
7 March 2008 105.16 2.26 3.20
10 March 2008 107.90 2.18 3.19
11 March 2008 108.76 2.22 3.19
12 March 2008 109.93 2.21 3.17
13 March 2008 110.33 2.20 3.18
14 March 2008 110.21 2.03 3.15
17 March 2008 105.68 1.81 3.12
18 March 2008 109.42 1.95 3.11
19 March 2008 104.49 1.89 3.03
20 March 2008 104.49 1.89 3.01
21 March 2008 ND 1.89 ND
24 March 2008 101.07 1.89 3.01
25 March 2008 100.98 1.83 2.96
26 March 2008 105.90 1.86 2.97
27 March 2008 107.59 1.96 3.03
28 March 2008 105.63 1.95 3.04
31 March 2008 101.59 1.98 3.02
1 April 2008 100.98 1.97 3.07
2 April 2008 104.84 2.00 3.07
3 April 2008 103.84 1.97 3.01
4 April 2008 106.23 1.94 2.98
7 April 2008 105.03 2.00 2.97
8 April 2008 108.50 1.96 2.98
9 April 2008 110.87 1.96 2.96
10 April 2008 110.12 1.96 2.92
11 April 2008 110.15 1.96 2.95
14 April 2008 111.76 1.97 2.97
15 April 2008 113.79 1.97 2.96
16 April 2008 114.93 1.99 2.96
17 April 2008 114.86 1.97 2.91
18 April 2008 116.69 1.98 2.93
21 April 2008 117.48 2.01 2.88
22 April 2008 119.38 2.06 2.82
23 April 2008 120.44 2.08 2.83
24 April 2008 117.16 2.06 2.80
25 April 2008 121.57 2.09 2.79
28 April 2008 118.75 2.05 2.75
29 April 2008 115.63 2.00 2.77
30 April 2008 113.46 2.00 2.74
1 May 2008 112.52 2.04 2.77
2 May 2008 116.32 2.10 2.82
5 May 2008 119.97 2.13 2.82
6 May 2008 121.85 2.10 2.84
7 May 2008 123.53 2.07 2.81
8 May 2008 123.70 2.08 2.84
9 May 2008 125.97 2.13 2.84
12 May 2008 124.24 2.12 2.83
13 May 2008 125.80 2.13 2.83
14 May 2008 124.23 2.19 2.82
15 May 2008 124.12 2.19 2.81
16 May 2008 126.30 2.24 2.84
19 May 2008 127.06 2.26 2.84
20 May 2008 129.08 2.29 2.86
21 May 2008 132.78 2.35 2.86
22 May 2008 130.22 2.36 2.86
23 May 2008 131.60 2.33 2.89
27 May 2008 128.85 2.33 2.85
28 May 2008 131.04 2.32 2.84
29 May 2008 126.63 2.34 2.83
30 May 2008 127.36 2.34 2.89
2 June 2008 127.76 2.33 2.91
3 June 2008 124.31 2.27 2.89
4 June 2008 122.30 2.26 2.90
5 June 2008 127.79 2.29 2.92
6 June 2008 138.55 2.31 2.90
9 June 2008 134.35 2.38 2.87
10 June 2008 131.31 2.41 2.83
11 June 2008 136.38 2.45 2.81
12 June 2008 136.74 2.47 2.78
13 June 2008 134.87 2.44 2.78
16 June 2008 134.62 2.46 2.80
17 June 2008 134.01 2.43 2.82
18 June 2008 136.68 2.44 2.77
19 June 2008 131.93 2.45 2.81
20 June 2008 134.63 2.41 2.77
23 June 2008 136.00 2.46 2.72
24 June 2008 136.40 2.44 2.70
25 June 2008 134.00 2.45 2.75
26 June 2008 139.65 2.52 2.80
27 June 2008 140.21 2.50 2.73
30 June 2008 140.00 2.53 2.75
1 July 2008 140.97 2.53 2.81
2 July 2008 143.57 2.55 2.83
3 July 2008 145.28 2.59 2.85
7 July 2008 141.38 2.49 2.85
8 July 2008 136.04 2.42 2.83
9 July 2008 136.06 2.40 2.82
10 July 2008 141.66 2.43 2.77
11 July 2008 145.66 2.48 2.77
14 July 2008 145.18 2.47 2.77
15 July 2008 138.74 2.43 2.79
16 July 2008 134.60 2.38 2.87
17 July 2008 129.29 2.36 2.85
18 July 2008 128.88 2.34 2.84
21 July 2008 131.04 2.31 2.80
22 July 2008 127.95 2.30 2.84
23 July 2008 123.69 2.16 2.82
24 July 2008 124.74 2.14 2.82
25 July 2008 123.26 2.12 2.88
28 July 2008 124.74 2.16 2.88
29 July 2008 122.19 2.11 2.89
30 July 2008 126.77 2.13 2.87
31 July 2008 124.08 2.04 2.87
1 August 2008 123.26 2.11 2.88
4 August 2008 121.41 2.09 2.88
5 August 2008 119.17 2.05 2.85
6 August 2008 118.58 2.01 2.81
7 August 2008 120.02 2.02 2.81
8 August 2008 115.20 2.01 2.80
11 August 2008 114.45 1.94 2.78
12 August 2008 113.02 1.92 2.77
13 August 2008 116.00 1.96 2.77
14 August 2008 115.00 1.98 2.78
15 August 2008 113.77 1.91 2.78
18 August 2008 112.88 1.90 2.77
19 August 2008 114.53 1.90 2.80
20 August 2008 114.98 1.92 2.81
21 August 2008 120.93 2.01 2.81
22 August 2008 114.70 1.96 2.81
25 August 2008 115.27 1.92 2.78
26 August 2008 116.77 1.94 2.78
27 August 2008 118.65 1.96 2.81
28 August 2008 116.09 1.94 2.79
29 August 2008 115.96 1.93 2.83
2 September 2008 110.21 1.79 2.78
3 September 2008 109.35 1.74 2.74
4 September 2008 107.89 1.67 2.66
5 September 2008 106.23 1.68 2.69
8 September 2008 106.34 1.69 2.73
9 September 2008 103.26 1.62 2.75
10 September 2008 102.58 1.62 2.81
11 September 2008 100.87 1.60 2.82
12 September 2008 101.18 1.63 2.80
15 September 2008 95.71 1.33 2.76
16 September 2008 91.15 1.13 2.68
17 September 2008 97.16 1.16 2.66
18 September 2008 97.88 1.23 2.66
19 September 2008 104.55 1.50 2.92
22 September 2008 120.92 1.57 2.97
23 September 2008 107.86 1.35 2.90
24 September 2008 106.73 1.27 2.96
25 September 2008 108.02 1.33 2.92
26 September 2008 106.90 1.30 2.86
29 September 2008 96.38 1.07 2.74
30 September 2008 100.64 1.11 2.73
1 October 2008 98.53 1.03 2.67
2 October 2008 93.97 1.03 2.73
3 October 2008 93.89 1.01 2.71
6 October 2008 87.82 0.88 2.65
7 October 2008 90.06 0.68 2.54
8 October 2008 88.95 0.49 2.60
9 October 2008 86.60 0.52 2.72
10 October 2008 77.70 0.26 2.80
13 October 2008 81.19 ND ND
14 October 2008 78.63 0.36 3.11
15 October 2008 74.55 0.28 3.28
16 October 2008 69.85 0.04 3.46
17 October 2008 71.85 0.15 3.46
20 October 2008 74.64 0.15 3.42
21 October 2008 70.89 0.12 3.34
22 October 2008 65.96 -0.04 3.30
23 October 2008 66.84 -0.13 3.26
24 October 2008 63.05 -0.56 3.10
27 October 2008 63.22 -0.80 3.40
28 October 2008 62.73 -0.82 3.56
29 October 2008 68.70 -0.73 3.62
30 October 2008 65.96 -0.58 3.51
31 October 2008 67.81 -0.64 3.40
3 November 2008 63.91 -0.62 3.43
4 November 2008 70.53 -0.57 3.40
5 November 2008 65.30 -0.53 3.41
6 November 2008 60.77 -0.65 3.44
7 November 2008 61.04 -0.67 3.43
10 November 2008 62.41 -0.67 3.40
11 November 2008 59.33 ND ND
12 November 2008 56.16 -0.73 3.29
13 November 2008 58.24 -0.76 3.25
14 November 2008 57.04 -0.77 3.05
17 November 2008 54.95 -0.67 2.98
18 November 2008 54.39 -0.89 2.79
19 November 2008 53.62 -1.05 2.56
20 November 2008 49.62 -1.43 2.03
21 November 2008 49.13 -1.43 2.04
24 November 2008 53.30 -1.43 2.05
25 November 2008 49.77 -1.49 2.19
26 November 2008 54.44 -1.58 2.44
28 November 2008 54.44 -1.56 2.59
1 December 2008 49.28 -1.58 2.62
2 December 2008 46.96 -1.41 2.59
3 December 2008 46.79 -1.25 2.70
4 December 2008 43.67 -1.14 2.70
5 December 2008 40.81 -1.19 2.74
8 December 2008 43.71 -1.03 2.67
9 December 2008 42.07 -1.10 2.50
10 December 2008 43.52 -1.23 2.54
11 December 2008 47.98 -1.17 2.56

As shown in the figure, a vertical line marks the FOMC meeting on October 28-29, 2008.

* Estimates based on smoothed nominal and inflation-indexed Treasury yield curves and adjusted for the indexation-lag (carry) effect.  Return to table

Source. Barclays, PLC.; Bloomberg; Board staff estimates.


Figure: Inflation swaps yield curve

A line chart shows two series, "12/5/2008", and "Day before Last FOMC 10/28/2008", from 2 to 10 years in maturity. Unit is percent. The "12/5/2008" series begins at about 0.6 percent in year 2, and generally increases to mature at about 1.8 percent in year 10. The "Day before Last FOMC 10/28/2008" series begins at about 0.75 percent in year 2, and generally increases to mature at about 1.9 percent in year 10.

Source. Barclays, PLC.



Chart 4
Asset Market Developments

Figure: Equity prices
Daily
Index(12/31/2000=100)
Date Wilshire 5000 Dow Jones Financial
2 January 2002 88.30 91.40
3 January 2002 89.17 91.92
4 January 2002 89.79 93.17
7 January 2002 89.18 92.53
8 January 2002 88.96 91.45
9 January 2002 88.56 91.86
10 January 2002 88.62 92.25
11 January 2002 87.86 91.38
14 January 2002 87.15 90.62
15 January 2002 87.74 92.21
16 January 2002 86.35 91.18
17 January 2002 87.24 91.99
18 January 2002 86.31 91.69
22 January 2002 85.62 91.54
23 January 2002 86.42 91.63
24 January 2002 86.78 92.01
25 January 2002 86.86 92.35
28 January 2002 86.91 91.78
29 January 2002 84.74 88.04
30 January 2002 85.62 88.99
31 January 2002 86.77 90.39
1 February 2002 86.16 89.53
4 February 2002 84.14 86.86
5 February 2002 83.86 86.33
6 February 2002 83.22 85.57
7 February 2002 82.87 85.97
8 February 2002 84.18 88.14
11 February 2002 85.30 88.92
12 February 2002 85.04 88.44
13 February 2002 85.86 89.73
14 February 2002 85.66 89.88
15 February 2002 84.72 88.40
19 February 2002 83.11 86.30
20 February 2002 84.20 87.53
21 February 2002 82.94 86.27
22 February 2002 83.60 86.28
25 February 2002 84.98 88.16
26 February 2002 85.08 88.47
27 February 2002 85.11 89.10
28 February 2002 84.86 89.41
1 March 2002 86.73 90.49
4 March 2002 88.44 93.26
5 March 2002 87.98 93.36
6 March 2002 89.19 94.75
7 March 2002 88.82 94.10
8 March 2002 89.44 94.49
11 March 2002 89.70 94.93
12 March 2002 89.46 95.13
13 March 2002 88.64 94.38
14 March 2002 88.61 94.63
15 March 2002 89.56 96.32
18 March 2002 89.65 95.89
19 March 2002 89.96 96.34
20 March 2002 88.63 94.86
21 March 2002 88.89 94.93
22 March 2002 88.51 95.02
25 March 2002 87.25 93.55
26 March 2002 87.76 94.42
27 March 2002 88.26 95.38
28 March 2002 88.50 95.05
1 April 2002 88.41 94.57
2 April 2002 87.63 94.83
3 April 2002 86.76 93.92
4 April 2002 86.87 94.49
5 April 2002 86.66 95.08
8 April 2002 86.96 95.52
9 April 2002 86.48 96.08
10 April 2002 87.48 96.50
11 April 2002 85.58 94.28
12 April 2002 86.29 95.41
15 April 2002 85.73 94.18
16 April 2002 87.63 95.94
17 April 2002 87.41 96.22
18 April 2002 87.29 95.83
19 April 2002 87.35 95.90
22 April 2002 86.06 94.65
23 April 2002 85.62 94.17
24 April 2002 85.09 93.80
25 April 2002 85.02 93.05
26 April 2002 83.84 92.55
29 April 2002 83.12 91.90
30 April 2002 84.11 93.10
1 May 2002 84.75 93.59
2 May 2002 84.58 94.53
3 May 2002 83.79 94.07
6 May 2002 82.26 92.18
7 May 2002 81.97 91.74
8 May 2002 84.83 94.03
9 May 2002 83.61 93.09
10 May 2002 82.27 91.83
13 May 2002 83.69 93.27
14 May 2002 85.50 94.73
15 May 2002 85.15 94.50
16 May 2002 85.44 95.16
17 May 2002 86.02 95.68
20 May 2002 84.94 94.12
21 May 2002 83.97 93.48
22 May 2002 84.28 93.44
23 May 2002 85.16 94.42
24 May 2002 84.19 93.76
28 May 2002 83.58 92.87
29 May 2002 83.04 92.89
30 May 2002 82.84 92.57
31 May 2002 83.00 92.87
3 June 2002 81.02 91.03
4 June 2002 80.94 90.41
5 June 2002 81.56 91.13
6 June 2002 80.03 89.59
7 June 2002 80.10 89.70
10 June 2002 80.25 90.21
11 June 2002 78.92 88.62
12 June 2002 79.34 88.90
13 June 2002 78.49 87.09
14 June 2002 78.43 87.86
17 June 2002 80.58 91.33
18 June 2002 80.61 91.60
19 June 2002 79.32 90.50
20 June 2002 78.28 89.14
21 June 2002 77.12 88.35
24 June 2002 77.26 88.24
25 June 2002 75.98 87.62
26 June 2002 75.74 86.06
27 June 2002 76.98 87.96
28 June 2002 77.07 88.53
1 July 2002 75.30 87.18
2 July 2002 73.60 85.72
3 July 2002 73.90 84.78
5 July 2002 76.49 87.71
8 July 2002 75.55 87.35
9 July 2002 73.81 85.13
10 July 2002 71.59 82.65
11 July 2002 71.95 83.30
12 July 2002 71.55 82.63
15 July 2002 71.22 82.23
16 July 2002 70.18 81.21
17 July 2002 70.59 80.61
18 July 2002 68.70 78.02
19 July 2002 66.39 76.52
22 July 2002 64.27 73.89
23 July 2002 62.43 70.10
24 July 2002 65.78 73.82
25 July 2002 65.47 73.84
26 July 2002 66.46 75.83
29 July 2002 70.02 80.61
30 July 2002 70.33 80.93
31 July 2002 70.77 82.06
1 August 2002 68.88 80.28
2 August 2002 67.24 78.09
5 August 2002 65.02 75.33
6 August 2002 66.96 77.58
7 August 2002 68.15 78.67
8 August 2002 70.20 82.17
9 August 2002 70.40 82.98
12 August 2002 70.12 82.31
13 August 2002 68.62 80.39
14 August 2002 71.15 83.21
15 August 2002 71.98 84.00
16 August 2002 72.03 83.60
19 August 2002 73.56 85.55
20 August 2002 72.60 84.35
21 August 2002 73.57 84.84
22 August 2002 74.54 85.80
23 August 2002 72.91 84.15
26 August 2002 73.52 85.19
27 August 2002 72.41 84.52
28 August 2002 71.13 83.02
29 August 2002 71.26 83.35
30 August 2002 71.08 83.53
3 September 2002 68.31 79.77
4 September 2002 69.52 81.14
5 September 2002 68.42 79.98
6 September 2002 69.66 81.16
9 September 2002 70.28 82.30
10 September 2002 70.75 81.61
11 September 2002 70.72 81.28
12 September 2002 69.05 79.14
13 September 2002 69.33 79.71
16 September 2002 69.33 79.45
17 September 2002 68.03 77.89
18 September 2002 67.72 77.17
19 September 2002 65.75 74.62
20 September 2002 65.89 74.44
23 September 2002 64.95 74.30
24 September 2002 63.95 72.81
25 September 2002 65.47 74.25
26 September 2002 66.61 76.35
27 September 2002 64.66 74.19
30 September 2002 63.84 74.08
1 October 2002 66.07 77.05
2 October 2002 64.55 74.19
3 October 2002 63.84 71.35
4 October 2002 62.41 69.37
7 October 2002 61.14 67.06
8 October 2002 62.03 69.61
9 October 2002 60.31 66.63
10 October 2002 62.35 70.23
11 October 2002 64.66 73.50
14 October 2002 65.13 73.84
15 October 2002 68.09 78.74
16 October 2002 66.45 77.46
17 October 2002 68.02 79.56
18 October 2002 68.36 79.72
21 October 2002 69.48 80.57
22 October 2002 68.70 79.84
23 October 2002 69.24 79.98
24 October 2002 68.27 78.69
25 October 2002 69.40 80.49
28 October 2002 68.83 80.16
29 October 2002 68.23 79.39
30 October 2002 68.92 80.04
31 October 2002 68.64 79.59
1 November 2002 69.83 80.76
4 November 2002 70.39 81.33
5 November 2002 70.83 81.65
6 November 2002 71.53 81.64
7 November 2002 69.94 79.11
8 November 2002 69.31 78.63
11 November 2002 67.88 77.63
12 November 2002 68.44 78.38
13 November 2002 68.42 78.01
14 November 2002 70.07 80.22
15 November 2002 70.50 80.94
18 November 2002 69.80 79.49
19 November 2002 69.47 79.67
20 November 2002 70.79 81.49
21 November 2002 72.29 83.25
22 November 2002 72.14 83.00
25 November 2002 72.39 82.72
26 November 2002 70.92 80.72
27 November 2002 72.87 82.99
29 November 2002 72.66 82.59
2 December 2002 72.61 82.45
3 December 2002 71.50 81.50
4 December 2002 71.22 81.24
5 December 2002 70.45 79.98
6 December 2002 70.87 80.54
9 December 2002 69.30 79.08
10 December 2002 70.28 80.37
11 December 2002 70.33 80.41
12 December 2002 70.15 80.05
13 December 2002 69.20 79.16
16 December 2002 70.73 81.23
17 December 2002 70.18 80.77
18 December 2002 69.25 79.56
19 December 2002 68.76 79.03
20 December 2002 69.61 80.44
23 December 2002 69.77 80.26
24 December 2002 69.42 79.63
26 December 2002 69.28 79.59
27 December 2002 68.21 78.15
30 December 2002 68.44 78.72
31 December 2002 68.52 78.56
2 January 2003 70.64 81.03
3 January 2003 70.58 81.02
6 January 2003 72.05 83.28
7 January 2003 71.57 82.55
8 January 2003 70.60 81.70
9 January 2003 71.91 83.11
10 January 2003 71.93 83.01
13 January 2003 71.83 83.15
14 January 2003 72.22 83.83
15 January 2003 71.29 82.60
16 January 2003 71.05 81.96
17 January 2003 70.06 81.66
21 January 2003 68.99 80.40
22 January 2003 68.35 79.27
23 January 2003 69.04 80.10
24 January 2003 67.15 77.51
27 January 2003 66.05 76.50
28 January 2003 66.87 77.26
29 January 2003 67.30 77.44
30 January 2003 65.88 75.86
31 January 2003 66.73 77.09
3 February 2003 66.98 77.41
4 February 2003 66.11 75.75
5 February 2003 65.79 75.24
6 February 2003 65.36 74.29
7 February 2003 64.66 73.64
10 February 2003 65.12 74.22
11 February 2003 64.66 73.34
12 February 2003 63.83 72.50
13 February 2003 63.67 72.83
14 February 2003 64.86 74.26
18 February 2003 66.13 75.41
19 February 2003 65.67 75.09
20 February 2003 65.14 74.55
21 February 2003 66.00 75.46
24 February 2003 64.84 73.89
25 February 2003 65.29 74.42
26 February 2003 64.49 73.48
27 February 2003 65.21 74.59
28 February 2003 65.48 74.80
3 March 2003 65.05 74.35
4 March 2003 64.12 73.34
5 March 2003 64.60 74.14
6 March 2003 64.06 73.16
7 March 2003 64.53 73.79
10 March 2003 63.01 71.25
11 March 2003 62.50 70.21
12 March 2003 62.67 70.09
13 March 2003 64.77 72.83
14 March 2003 64.85 73.04
17 March 2003 67.04 75.37
18 March 2003 67.35 75.58
19 March 2003 67.83 76.58
20 March 2003 68.04 76.86
21 March 2003 69.51 78.73
24 March 2003 67.19 76.15
25 March 2003 68.00 76.65
26 March 2003 67.62 76.37
27 March 2003 67.54 76.03
28 March 2003 67.23 75.78
31 March 2003 66.13 74.44
1 April 2003 66.87 76.01
2 April 2003 68.57 77.94
3 April 2003 68.24 77.36
4 April 2003 68.33 78.11
7 April 2003 68.47 78.21
8 April 2003 68.28 78.37
9 April 2003 67.43 77.35
10 April 2003 67.79 77.87
11 April 2003 67.57 77.88
14 April 2003 68.84 79.54
15 April 2003 69.25 80.74
16 April 2003 68.50 79.74
17 April 2003 69.54 80.82
21 April 2003 69.48 80.75
22 April 2003 70.90 83.00
23 April 2003 71.51 83.75
24 April 2003 70.93 82.16
25 April 2003 70.02 81.24
28 April 2003 71.22 82.54
29 April 2003 71.46 82.53
30 April 2003 71.47 82.79
1 May 2003 71.44 82.78
2 May 2003 72.55 84.12
5 May 2003 72.42 83.86
6 May 2003 73.00 84.49
7 May 2003 72.67 84.12
8 May 2003 71.98 82.85
9 May 2003 72.96 83.59
12 May 2003 73.87 84.63
13 May 2003 73.70 84.45
14 May 2003 73.52 84.27
15 May 2003 74.05 84.95
16 May 2003 73.83 85.10
19 May 2003 72.13 83.16
20 May 2003 72.05 83.14
21 May 2003 72.36 83.49
22 May 2003 73.04 83.64
23 May 2003 73.23 83.89
27 May 2003 74.63 85.46
28 May 2003 74.77 86.10
29 May 2003 74.56 85.49
30 May 2003 75.71 87.24
2 June 2003 76.01 87.95
3 June 2003 76.30 88.23
4 June 2003 77.46 89.58
5 June 2003 77.87 90.08
6 June 2003 77.63 90.02
9 June 2003 76.63 88.08
10 June 2003 77.35 88.97
11 June 2003 78.33 90.29
12 June 2003 78.45 90.02
13 June 2003 77.65 89.71
16 June 2003 79.29 91.74
17 June 2003 79.36 91.47
18 June 2003 79.23 90.64
19 June 2003 78.07 88.78
20 June 2003 78.12 88.94
23 June 2003 76.96 87.52
24 June 2003 77.10 88.03
25 June 2003 76.65 87.64
26 June 2003 77.49 88.34
27 June 2003 76.86 87.71
30 June 2003 76.73 87.37
1 July 2003 77.28 88.49
2 July 2003 78.27 89.55
3 July 2003 77.72 89.06
7 July 2003 79.17 90.75
8 July 2003 79.56 91.32
9 July 2003 79.28 91.10
10 July 2003 78.21 89.79
11 July 2003 78.93 90.82
14 July 2003 79.47 92.57
15 July 2003 79.18 92.26
16 July 2003 78.67 91.60
17 July 2003 77.56 90.25
18 July 2003 78.41 91.36
21 July 2003 77.31 90.34
22 July 2003 78.05 91.04
23 July 2003 78.15 90.85
24 July 2003 77.68 90.53
25 July 2003 78.84 92.23
28 July 2003 78.81 91.88
29 July 2003 78.37 91.26
30 July 2003 78.25 91.23
31 July 2003 78.48 91.15
1 August 2003 77.65 89.37
4 August 2003 77.73 89.45
5 August 2003 76.43 88.25
6 August 2003 76.44 89.04
7 August 2003 76.89 89.46
8 August 2003 77.14 89.98
11 August 2003 77.46 89.84
12 August 2003 78.27 90.87
13 August 2003 77.87 90.13
14 August 2003 78.36 90.96
15 August 2003 78.41 90.72
18 August 2003 79.20 90.97
19 August 2003 79.53 91.06
20 August 2003 79.43 90.92
21 August 2003 79.79 90.79
22 August 2003 78.95 89.30
25 August 2003 78.75 89.34
26 August 2003 79.15 89.64
27 August 2003 79.27 89.23
28 August 2003 79.83 89.73
29 August 2003 80.25 90.31
2 September 2003 81.35 91.56
3 September 2003 81.70 91.95
4 September 2003 81.86 91.65
5 September 2003 81.36 91.19
8 September 2003 82.22 91.90
9 September 2003 81.58 91.55
10 September 2003 80.44 90.05
11 September 2003 80.92 90.46
12 September 2003 81.12 90.59
15 September 2003 80.84 90.40
16 September 2003 81.96 91.70
17 September 2003 81.73 91.59
18 September 2003 82.76 93.66
19 September 2003 82.57 93.56
22 September 2003 81.54 92.54
23 September 2003 82.08 93.13
24 September 2003 80.55 91.65
25 September 2003 79.88 91.15
26 September 2003 79.23 90.63
29 September 2003 80.02 91.56
30 September 2003 79.25 90.93
1 October 2003 80.98 93.21
2 October 2003 81.20 93.32
3 October 2003 82.05 93.84
6 October 2003 82.46 94.49
7 October 2003 82.88 95.02
8 October 2003 82.45 94.84
9 October 2003 82.89 95.20
10 October 2003 82.83 96.48
13 October 2003 83.51 96.48
14 October 2003 83.86 97.09
15 October 2003 83.57 96.69
16 October 2003 83.86 96.91
17 October 2003 82.94 96.00
20 October 2003 83.28 96.07
21 October 2003 83.48 95.95
22 October 2003 82.19 94.71
23 October 2003 82.37 95.44
24 October 2003 81.99 95.08
27 October 2003 82.35 95.23
28 October 2003 83.62 96.35
29 October 2003 83.83 96.67
30 October 2003 83.74 96.67
31 October 2003 83.97 96.84
3 November 2003 84.73 98.02
4 November 2003 84.36 97.70
5 November 2003 84.29 97.35
6 November 2003 84.79 97.89
7 November 2003 84.51 97.17
10 November 2003 83.89 96.99
11 November 2003 83.73 96.82
12 November 2003 84.82 97.41
13 November 2003 84.84 97.34
14 November 2003 84.14 96.23
17 November 2003 83.55 95.83
18 November 2003 82.81 94.91
19 November 2003 83.41 95.32
20 November 2003 82.77 94.65
21 November 2003 82.94 95.11
24 November 2003 84.36 96.14
25 November 2003 84.60 96.56
26 November 2003 84.96 97.18
28 November 2003 85.02 97.09
1 December 2003 86.00 98.18
2 December 2003 85.76 98.01
3 December 2003 85.43 97.72
4 December 2003 85.68 97.78
5 December 2003 85.03 97.07
8 December 2003 85.62 98.06
9 December 2003 84.81 97.08
10 December 2003 84.56 96.62
11 December 2003 85.67 97.53
12 December 2003 85.94 97.93
15 December 2003 85.29 97.31
16 December 2003 85.75 98.18
17 December 2003 85.87 98.01
18 December 2003 86.92 98.84
19 December 2003 86.89 99.10
22 December 2003 87.22 99.56
23 December 2003 87.53 99.79
24 December 2003 87.38 99.66
26 December 2003 87.55 99.76
29 December 2003 88.64 100.93
30 December 2003 88.70 101.15
31 December 2003 88.70 101.15
2 January 2004 88.52 100.69
5 January 2004 89.57 101.39
6 January 2004 89.73 101.48
7 January 2004 89.99 101.58
8 January 2004 90.42 101.82
9 January 2004 89.76 101.47
12 January 2004 90.25 101.86
13 January 2004 89.82 101.32
14 January 2004 90.53 102.24
15 January 2004 90.64 102.99
16 January 2004 91.30 103.36
20 January 2004 91.42 103.36
21 January 2004 92.01 104.72
22 January 2004 91.70 104.71
23 January 2004 91.63 104.44
26 January 2004 92.66 105.72
27 January 2004 91.80 104.96
28 January 2004 90.48 103.36
29 January 2004 90.72 103.79
30 January 2004 90.58 104.20
2 February 2004 90.84 104.68
3 February 2004 90.84 104.69
4 February 2004 89.93 103.75
5 February 2004 90.13 103.81
6 February 2004 91.41 105.39
9 February 2004 91.30 105.20
10 February 2004 91.83 105.52
11 February 2004 92.75 107.01
12 February 2004 92.31 106.65
13 February 2004 91.77 106.48
17 February 2004 92.68 107.26
18 February 2004 92.29 106.79
19 February 2004 91.80 106.56
20 February 2004 91.52 106.25
23 February 2004 91.08 106.17
24 February 2004 90.96 105.75
25 February 2004 91.44 106.35
26 February 2004 91.67 106.47
27 February 2004 91.76 106.84
1 March 2004 92.72 107.60
2 March 2004 92.19 107.21
3 March 2004 92.30 107.78
4 March 2004 92.71 108.03
5 March 2004 92.92 108.75
8 March 2004 92.15 108.25
9 March 2004 91.55 107.54
10 March 2004 90.17 106.00
11 March 2004 88.88 104.41
12 March 2004 90.08 105.73
15 March 2004 88.69 104.19
16 March 2004 89.06 105.07
17 March 2004 90.19 106.40
18 March 2004 90.02 106.44
19 March 2004 89.13 105.31
22 March 2004 87.91 104.05
23 March 2004 87.82 104.03
24 March 2004 87.57 103.20
25 March 2004 89.05 104.49
26 March 2004 89.03 104.29
29 March 2004 90.20 105.60
30 March 2004 90.65 106.10
31 March 2004 90.67 106.02
1 April 2004 91.22 107.09
2 April 2004 92.01 106.44
5 April 2004 92.64 106.55
6 April 2004 92.31 106.22
7 April 2004 91.86 105.93
8 April 2004 91.71 105.63
12 April 2004 92.09 105.66
13 April 2004 90.72 103.58
14 April 2004 90.53 102.29
15 April 2004 90.54 101.90
16 April 2004 90.98 103.08
19 April 2004 91.18 102.80
20 April 2004 89.78 100.99
21 April 2004 90.30 101.02
22 April 2004 91.61 102.55
23 April 2004 91.58 102.04
26 April 2004 91.24 101.82
27 April 2004 91.40 102.14
28 April 2004 90.08 100.58
29 April 2004 89.25 100.29
30 April 2004 88.65 99.99
3 May 2004 89.44 100.78
4 May 2004 89.63 101.15
5 May 2004 89.83 101.24
6 May 2004 89.12 100.19
7 May 2004 87.76 97.99
10 May 2004 86.64 96.81
11 May 2004 87.45 97.55
12 May 2004 87.53 98.40
13 May 2004 87.47 98.54
14 May 2004 87.34 98.62
17 May 2004 86.38 97.50
18 May 2004 87.04 98.43
19 May 2004 86.84 98.22
20 May 2004 86.88 98.79
21 May 2004 87.26 99.28
24 May 2004 87.55 99.54
25 May 2004 89.02 101.09
26 May 2004 89.27 101.77
27 May 2004 89.71 102.01
28 May 2004 89.74 102.15
1 June 2004 89.85 101.81
2 June 2004 90.12 102.27
3 June 2004 89.31 101.47
4 June 2004 89.82 102.18
7 June 2004 91.25 103.69
8 June 2004 91.32 103.53
9 June 2004 90.39 102.51
10 June 2004 90.72 102.81
14 June 2004 89.74 101.39
15 June 2004 90.39 101.86
16 June 2004 90.54 101.98
17 June 2004 90.44 102.09
18 June 2004 90.62 102.36
21 June 2004 90.27 102.11
22 June 2004 90.61 102.45
23 June 2004 91.43 102.96
24 June 2004 91.20 102.90
25 June 2004 90.95 102.66
28 June 2004 90.80 102.66
29 June 2004 91.04 102.23
30 June 2004 91.48 102.70
1 July 2004 90.54 101.97
2 July 2004 90.32 102.34
6 July 2004 89.49 101.62
7 July 2004 89.64 101.64
8 July 2004 88.77 100.77
9 July 2004 89.05 100.68
12 July 2004 89.10 101.32
13 July 2004 89.15 101.29
14 July 2004 88.88 100.90
15 July 2004 88.64 100.28
16 July 2004 88.15 100.09
19 July 2004 88.08 100.50
20 July 2004 88.81 100.94
21 July 2004 87.48 99.90
22 July 2004 87.58 99.69
23 July 2004 86.68 99.13
26 July 2004 86.33 99.15
27 July 2004 87.28 99.94
28 July 2004 87.21 100.02
29 July 2004 87.76 100.43
30 July 2004 87.89 100.41
2 August 2004 88.24 100.91
3 August 2004 87.61 100.51
4 August 2004 87.43 100.67
5 August 2004 86.01 99.04
6 August 2004 84.66 98.21
9 August 2004 84.69 98.25
10 August 2004 85.85 99.54
11 August 2004 85.56 99.71
12 August 2004 84.54 98.83
13 August 2004 84.63 98.75
16 August 2004 85.83 100.31
17 August 2004 86.08 100.92
18 August 2004 87.22 102.12
19 August 2004 86.87 101.69
20 August 2004 87.59 102.73
23 August 2004 87.32 102.35
24 August 2004 87.37 102.75
25 August 2004 88.07 103.51
26 August 2004 88.06 103.69
27 August 2004 88.33 103.76
30 August 2004 87.60 103.31
31 August 2004 88.04 103.95
1 September 2004 88.28 103.41
2 September 2004 89.24 104.51
3 September 2004 88.87 104.52
7 September 2004 89.52 105.71
8 September 2004 89.09 104.98
9 September 2004 89.36 104.80
10 September 2004 89.82 105.24
13 September 2004 90.06 105.03
14 September 2004 90.20 105.05
15 September 2004 89.63 104.64
16 September 2004 89.99 105.42
17 September 2004 90.29 105.44
20 September 2004 89.83 104.47
21 September 2004 90.43 105.27
22 September 2004 89.21 103.52
23 September 2004 88.87 102.62
24 September 2004 89.01 103.07
27 September 2004 88.41 102.38
28 September 2004 88.97 102.93
29 September 2004 89.41 103.25
30 September 2004 89.48 103.26
1 October 2004 90.82 104.79
4 October 2004 91.16 104.90
5 October 2004 91.08 104.48
6 October 2004 91.69 105.16
7 October 2004 90.74 104.68
8 October 2004 90.05 104.41
11 October 2004 90.23 104.66
12 October 2004 90.04 104.78
13 October 2004 89.37 104.02
14 October 2004 88.61 101.79
15 October 2004 89.02 102.20
18 October 2004 89.48 102.64
19 October 2004 88.67 101.04
20 October 2004 88.76 100.44
21 October 2004 89.13 100.69
22 October 2004 88.27 100.01
25 October 2004 88.27 100.02
26 October 2004 89.47 102.24
27 October 2004 90.64 103.42
28 October 2004 90.75 103.96
29 October 2004 90.91 104.07
1 November 2004 90.99 104.32
2 November 2004 90.96 104.71
3 November 2004 92.02 105.35
4 November 2004 93.39 107.08
5 November 2004 93.71 106.70
8 November 2004 93.59 106.57
9 November 2004 93.61 106.52
10 November 2004 93.62 106.76
11 November 2004 94.49 107.77
12 November 2004 95.35 108.61
15 November 2004 95.39 108.87
16 November 2004 94.74 107.91
17 November 2004 95.28 108.01
18 November 2004 95.34 107.73
19 November 2004 94.29 106.33
22 November 2004 94.87 107.12
23 November 2004 94.97 107.44
24 November 2004 95.44 107.89
26 November 2004 95.56 107.81
29 November 2004 95.35 107.50
30 November 2004 95.01 107.42
1 December 2004 96.38 109.43
2 December 2004 96.29 109.20
3 December 2004 96.38 109.17
6 December 2004 96.27 109.23
7 December 2004 95.12 108.08
8 December 2004 95.57 108.46
9 December 2004 96.02 108.96
10 December 2004 96.03 109.14
13 December 2004 96.83 109.92
14 December 2004 97.28 110.22
15 December 2004 97.60 110.69
16 December 2004 97.30 110.09
17 December 2004 96.78 109.69
20 December 2004 96.69 109.64
21 December 2004 97.58 110.83
22 December 2004 97.94 111.60
23 December 2004 98.01 111.52
27 December 2004 97.58 111.03
28 December 2004 98.40 111.72
29 December 2004 98.41 111.59
30 December 2004 98.46 111.69
31 December 2004 98.32 111.71
3 January 2005 97.37 111.12
4 January 2005 96.10 110.00
5 January 2005 95.54 109.39
6 January 2005 95.87 109.93
7 January 2005 95.67 109.40
10 January 2005 96.07 109.54
11 January 2005 95.42 108.96
12 January 2005 95.74 108.65
13 January 2005 95.07 107.84
14 January 2005 95.70 108.26
18 January 2005 96.64 109.84
19 January 2005 95.75 108.83
20 January 2005 95.02 108.07
21 January 2005 94.51 107.50
24 January 2005 94.03 107.46
25 January 2005 94.32 107.41
26 January 2005 94.92 107.79
27 January 2005 94.97 107.29
28 January 2005 94.71 107.05
31 January 2005 95.62 108.36
1 February 2005 96.27 109.55
2 February 2005 96.65 109.46
3 February 2005 96.38 109.05
4 February 2005 97.45 110.32
7 February 2005 97.33 110.23
8 February 2005 97.40 109.94
9 February 2005 96.45 109.59
10 February 2005 96.81 109.92
11 February 2005 97.53 110.67
14 February 2005 97.62 110.66
15 February 2005 97.91 110.88
16 February 2005 98.01 110.35
17 February 2005 97.25 109.39
18 February 2005 97.26 108.30
22 February 2005 95.80 106.55
23 February 2005 96.30 107.25
24 February 2005 97.06 107.55
25 February 2005 98.01 108.58
28 February 2005 97.43 107.78
1 March 2005 97.99 108.78
2 March 2005 97.97 108.36
3 March 2005 97.99 108.18
4 March 2005 98.89 109.55
7 March 2005 99.16 109.84
8 March 2005 98.62 109.52
9 March 2005 97.62 108.04
10 March 2005 97.66 108.60
11 March 2005 97.09 107.57
14 March 2005 97.69 108.44
15 March 2005 97.05 107.68
16 March 2005 96.25 106.72
17 March 2005 96.46 106.44
18 March 2005 96.34 105.97
21 March 2005 95.96 105.05
22 March 2005 95.09 103.18
23 March 2005 94.94 103.12
24 March 2005 94.96 102.79
28 March 2005 95.10 103.31
29 March 2005 94.28 102.86
30 March 2005 95.55 104.01
31 March 2005 95.58 103.81
1 April 2005 95.01 102.50
4 April 2005 95.26 103.00
5 April 2005 95.65 103.18
6 April 2005 95.86 103.85
7 April 2005 96.40 104.18
8 April 2005 95.55 103.43
11 April 2005 95.49 103.51
12 April 2005 96.03 104.77
13 April 2005 94.87 103.42
14 April 2005 93.85 102.23
15 April 2005 92.37 101.15
18 April 2005 92.66 101.95
19 April 2005 93.36 102.32
20 April 2005 92.13 100.95
21 April 2005 93.88 101.70
22 April 2005 93.11 101.29
25 April 2005 94.02 102.57
26 April 2005 93.20 102.07
27 April 2005 93.46 103.28
28 April 2005 92.36 102.19
29 April 2005 93.33 103.66
2 May 2005 93.81 103.96
3 May 2005 93.76 103.99
4 May 2005 94.96 105.80
5 May 2005 94.80 105.42
6 May 2005 94.77 104.84
9 May 2005 95.37 105.77
10 May 2005 94.42 104.49
11 May 2005 94.76 105.01
12 May 2005 93.77 103.90
13 May 2005 93.30 103.00
16 May 2005 94.27 104.73
17 May 2005 94.90 105.44
18 May 2005 95.98 106.65
19 May 2005 96.44 106.85
20 May 2005 96.33 106.82
23 May 2005 96.76 106.85
24 May 2005 96.80 106.56
25 May 2005 96.37 105.93
26 May 2005 97.06 106.63
27 May 2005 97.24 106.83
31 May 2005 96.81 106.58
1 June 2005 97.69 107.49
2 June 2005 97.92 107.33
3 June 2005 97.27 106.68
6 June 2005 97.45 107.02
7 June 2005 97.44 107.02
8 June 2005 97.17 107.10
9 June 2005 97.73 107.34
10 June 2005 97.54 107.10
13 June 2005 97.80 107.19
14 June 2005 98.12 107.51
15 June 2005 98.34 107.84
16 June 2005 98.80 108.23
17 June 2005 99.18 108.80
20 June 2005 99.12 108.72
21 June 2005 98.92 108.77
22 June 2005 98.99 108.91
23 June 2005 97.96 107.84
24 June 2005 97.27 107.70
27 June 2005 97.22 107.69
28 June 2005 98.20 108.64
29 June 2005 98.12 109.00
30 June 2005 97.54 108.42
1 July 2005 97.87 108.63
5 July 2005 98.79 109.43
6 July 2005 98.06 108.76
7 July 2005 98.32 108.99
8 July 2005 99.50 110.05
11 July 2005 100.21 110.58
12 July 2005 100.42 110.81
13 July 2005 100.42 110.98
14 July 2005 100.51 111.25
15 July 2005 100.65 111.51
18 July 2005 100.13 110.51
19 July 2005 100.91 110.71
20 July 2005 101.46 111.15
21 July 2005 100.72 110.46
22 July 2005 101.33 111.06
25 July 2005 100.88 110.68
26 July 2005 101.11 110.87
27 July 2005 101.52 110.92
28 July 2005 102.19 111.29
29 July 2005 101.52 110.36
1 August 2005 101.68 110.38
2 August 2005 102.41 111.14
3 August 2005 102.38 111.24
4 August 2005 101.55 110.32
5 August 2005 100.68 108.85
8 August 2005 100.31 108.14
9 August 2005 100.86 108.73
10 August 2005 100.73 108.60
11 August 2005 101.44 109.25
12 August 2005 100.89 108.84
15 August 2005 101.18 109.40
16 August 2005 99.99 108.90
17 August 2005 100.01 108.80
18 August 2005 99.86 108.78
19 August 2005 99.93 108.91
22 August 2005 100.14 109.24
23 August 2005 99.86 108.72
24 August 2005 99.35 107.81
25 August 2005 99.57 108.13
26 August 2005 98.90 107.11
29 August 2005 99.53 107.61
30 August 2005 99.23 106.99
31 August 2005 100.34 107.84
1 September 2005 100.48 108.23
2 September 2005 100.11 108.06
6 September 2005 101.35 109.31
7 September 2005 101.64 109.32
8 September 2005 101.24 108.73
9 September 2005 101.99 109.46
12 September 2005 101.99 109.59
13 September 2005 101.20 108.96
14 September 2005 100.78 108.63
15 September 2005 100.78 108.70
16 September 2005 101.48 110.11
19 September 2005 100.96 109.23
20 September 2005 100.18 108.69
21 September 2005 99.15 106.83
22 September 2005 99.43 107.31
23 September 2005 99.60 107.62
26 September 2005 99.75 107.49
27 September 2005 99.73 107.47
28 September 2005 99.76 106.92
29 September 2005 100.69 108.58
30 September 2005 100.93 108.47
3 October 2005 100.93 108.36
4 October 2005 99.94 107.15
5 October 2005 98.29 106.40
6 October 2005 97.77 106.56
7 October 2005 98.18 106.63
10 October 2005 97.47 105.89
11 October 2005 97.16 105.20
12 October 2005 96.37 104.48
13 October 2005 96.28 104.83
14 October 2005 97.21 106.06
17 October 2005 97.51 106.23
18 October 2005 96.50 105.56
19 October 2005 97.89 107.59
20 October 2005 96.49 106.51
21 October 2005 96.85 107.17
24 October 2005 98.52 109.19
25 October 2005 98.25 108.68
26 October 2005 97.81 108.95
27 October 2005 96.58 108.39
28 October 2005 98.12 110.27
31 October 2005 99.07 110.90
1 November 2005 98.81 110.39
2 November 2005 99.94 111.54
3 November 2005 100.35 111.22
4 November 2005 100.36 111.60
7 November 2005 100.63 112.39
8 November 2005 100.23 111.89
9 November 2005 100.42 112.46
10 November 2005 101.22 114.49
11 November 2005 101.54 115.12
14 November 2005 101.46 115.07
15 November 2005 100.97 114.02
16 November 2005 101.09 113.53
17 November 2005 102.19 114.90
18 November 2005 102.62 115.43
21 November 2005 103.24 116.07
22 November 2005 103.79 116.94
23 November 2005 104.13 117.91
25 November 2005 104.32 118.06
28 November 2005 103.27 117.17
29 November 2005 103.28 117.21
30 November 2005 102.84 115.73
1 December 2005 104.18 116.71
2 December 2005 104.25 116.72
5 December 2005 103.92 116.42
6 December 2005 104.04 116.22
7 December 2005 103.53 115.29
8 December 2005 103.53 115.17
9 December 2005 103.82 115.97
12 December 2005 103.94 115.65
13 December 2005 104.38 116.74
14 December 2005 104.76 117.22
15 December 2005 104.51 116.64
16 December 2005 104.21 116.80
19 December 2005 103.45 115.93
20 December 2005 103.47 116.11
21 December 2005 103.83 116.64
22 December 2005 104.31 117.25
23 December 2005 104.40 117.47
27 December 2005 103.37 116.60
28 December 2005 103.57 116.39
29 December 2005 103.29 116.13
30 December 2005 102.81 115.67
3 January 2006 104.42 117.51
4 January 2006 104.91 117.42
5 January 2006 104.96 117.85
6 January 2006 105.96 118.51
9 January 2006 106.46 119.07
10 January 2006 106.56 119.17
11 January 2006 106.86 119.65
12 January 2006 106.18 118.87
13 January 2006 106.31 118.77
17 January 2006 105.92 117.76
18 January 2006 105.55 117.36
19 January 2006 106.27 117.21
20 January 2006 104.43 114.87
23 January 2006 104.67 115.35
24 January 2006 105.14 115.73
25 January 2006 104.90 115.90
26 January 2006 105.74 117.65
27 January 2006 106.47 117.91
30 January 2006 106.60 117.61
31 January 2006 106.39 117.26
1 February 2006 106.49 117.28
2 February 2006 105.55 116.28
3 February 2006 105.02 115.67
6 February 2006 105.18 115.95
7 February 2006 104.19 115.24
8 February 2006 104.94 115.89
9 February 2006 104.74 116.09
10 February 2006 104.92 116.53
13 February 2006 104.43 116.17
14 February 2006 105.43 117.64
15 February 2006 105.85 118.22
16 February 2006 106.67 118.99
17 February 2006 106.53 118.66
21 February 2006 106.18 118.32
22 February 2006 106.96 120.35
23 February 2006 106.65 120.01
24 February 2006 106.86 120.23
27 February 2006 107.26 120.38
28 February 2006 106.13 119.22
1 March 2006 107.08 119.78
2 March 2006 106.96 119.13
3 March 2006 106.81 118.81
6 March 2006 106.05 118.62
7 March 2006 105.60 118.77
8 March 2006 105.74 118.84
9 March 2006 105.26 118.29
10 March 2006 106.00 119.27
13 March 2006 106.22 119.27
14 March 2006 107.32 120.57
15 March 2006 107.84 120.96
16 March 2006 108.00 121.38
17 March 2006 108.22 121.73
20 March 2006 108.11 121.67
21 March 2006 107.38 120.54
22 March 2006 108.05 121.36
23 March 2006 107.89 120.87
24 March 2006 108.14 120.90
27 March 2006 108.07 120.82
28 March 2006 107.49 119.89
29 March 2006 108.45 120.58
30 March 2006 108.28 119.93
31 March 2006 108.05 119.97
3 April 2006 108.10 119.87
4 April 2006 108.68 120.92
5 April 2006 109.17 121.27
6 April 2006 109.01 120.93
7 April 2006 107.91 119.78
10 April 2006 107.89 119.84
11 April 2006 106.99 118.80
12 April 2006 107.18 118.99
13 April 2006 107.30 119.10
17 April 2006 107.05 119.05
18 April 2006 108.92 121.15
19 April 2006 109.34 121.53
20 April 2006 109.36 121.66
21 April 2006 109.32 121.52
24 April 2006 109.00 121.29
25 April 2006 108.53 120.55
26 April 2006 108.75 121.19
27 April 2006 108.98 122.73
28 April 2006 109.08 123.77
1 May 2006 108.67 121.99
2 May 2006 109.26 122.63
3 May 2006 108.93 122.46
4 May 2006 109.38 122.87
5 May 2006 110.52 124.55
8 May 2006 110.51 124.15
9 May 2006 110.52 124.26
10 May 2006 110.30 124.26
11 May 2006 108.80 122.32
12 May 2006 107.42 121.09
15 May 2006 107.46 121.79
16 May 2006 107.31 121.67
17 May 2006 105.54 119.29
18 May 2006 104.80 118.31
19 May 2006 105.22 118.82
22 May 2006 104.66 118.48
23 May 2006 104.22 117.92
24 May 2006 104.27 117.96
25 May 2006 105.58 119.15
26 May 2006 106.22 120.03
30 May 2006 104.50 118.28
31 May 2006 105.47 118.99
1 June 2006 106.84 120.59
2 June 2006 107.06 121.09
5 June 2006 105.06 119.25
6 June 2006 104.76 118.85
7 June 2006 104.13 119.25
8 June 2006 104.13 119.55
9 June 2006 103.72 119.34
12 June 2006 102.18 117.78
13 June 2006 100.99 115.60
14 June 2006 101.47 114.92
15 June 2006 103.86 117.47
16 June 2006 103.44 116.75
19 June 2006 102.42 115.95
20 June 2006 102.33 116.16
21 June 2006 103.50 117.12
22 June 2006 102.99 116.62
23 June 2006 103.07 116.01
26 June 2006 103.62 116.99
27 June 2006 102.62 115.90
28 June 2006 103.10 116.39
29 June 2006 105.50 118.94
30 June 2006 105.53 118.65
3 July 2006 106.32 119.93
5 July 2006 105.42 119.00
6 July 2006 105.63 119.34
7 July 2006 104.80 118.81
10 July 2006 104.89 119.41
11 July 2006 105.31 119.53
12 July 2006 104.12 118.34
13 July 2006 102.65 116.68
14 July 2006 102.04 116.09
17 July 2006 101.81 116.11
18 July 2006 101.99 116.44
19 July 2006 104.00 119.46
20 July 2006 102.83 118.93
21 July 2006 101.90 118.06
24 July 2006 103.71 119.59
25 July 2006 104.47 119.92
26 July 2006 104.36 119.92
27 July 2006 103.76 119.21
28 July 2006 105.11 121.32
31 July 2006 105.04 120.91
1 August 2006 104.43 120.55
2 August 2006 105.07 120.72
3 August 2006 105.34 121.19
4 August 2006 105.22 121.66
7 August 2006 104.86 121.13
8 August 2006 104.39 120.39
9 August 2006 103.84 118.97
10 August 2006 104.33 119.48
11 August 2006 103.82 119.03
14 August 2006 103.96 119.17
15 August 2006 105.47 121.15
16 August 2006 106.43 121.81
17 August 2006 106.60 122.17
18 August 2006 106.94 122.33
21 August 2006 106.49 121.87
22 August 2006 106.60 121.85
23 August 2006 106.00 121.56
24 August 2006 106.18 121.82
25 August 2006 106.12 121.19
28 August 2006 106.74 122.04
29 August 2006 107.08 121.78
30 August 2006 107.21 121.97
31 August 2006 107.28 122.11
1 September 2006 107.82 122.29
5 September 2006 108.10 122.73
6 September 2006 106.87 122.23
7 September 2006 106.35 121.35
8 September 2006 106.71 122.06
11 September 2006 106.67 122.26
12 September 2006 107.94 123.80
13 September 2006 108.44 124.62
14 September 2006 108.25 124.67
15 September 2006 108.52 125.29
18 September 2006 108.60 124.96
19 September 2006 108.31 125.16
20 September 2006 108.90 126.02
21 September 2006 108.30 125.30
22 September 2006 107.90 125.24
25 September 2006 108.82 126.38
26 September 2006 109.61 126.93
27 September 2006 109.74 126.62
28 September 2006 109.92 126.94
29 September 2006 109.61 126.63
2 October 2006 109.15 126.15
3 October 2006 109.28 127.34
4 October 2006 110.67 128.77
5 October 2006 111.16 128.97
6 October 2006 110.83 128.39
9 October 2006 111.07 128.88
10 October 2006 111.34 128.89
11 October 2006 110.99 128.43
12 October 2006 112.17 129.20
13 October 2006 112.49 129.57
16 October 2006 112.91 129.34
17 October 2006 112.44 129.06
18 October 2006 112.53 129.35
19 October 2006 112.70 128.40
20 October 2006 112.66 128.32
23 October 2006 113.32 129.12
24 October 2006 113.35 129.04
25 October 2006 113.78 129.44
26 October 2006 114.52 130.54
27 October 2006 113.51 129.28
30 October 2006 113.62 129.71
31 October 2006 113.58 129.57
1 November 2006 112.59 128.40
2 November 2006 112.50 128.09
3 November 2006 112.38 127.74
6 November 2006 113.70 129.37
7 November 2006 113.93 129.56
8 November 2006 114.28 129.94
9 November 2006 113.65 129.20
10 November 2006 113.97 129.94
13 November 2006 114.27 130.13
14 November 2006 115.13 130.90
15 November 2006 115.54 130.92
16 November 2006 115.73 131.71
17 November 2006 115.79 131.46
20 November 2006 115.83 132.03
21 November 2006 116.10 132.08
22 November 2006 116.41 132.24
24 November 2006 116.10 131.91
27 November 2006 114.32 129.65
28 November 2006 114.66 129.75
29 November 2006 115.76 130.62
30 November 2006 115.94 130.46
1 December 2006 115.62 129.92
4 December 2006 116.77 131.51
5 December 2006 117.22 132.02
6 December 2006 117.10 132.20
7 December 2006 116.62 131.74
8 December 2006 116.80 132.03
11 December 2006 117.02 132.80
12 December 2006 116.80 132.79
13 December 2006 116.91 132.81
14 December 2006 117.84 133.70
15 December 2006 117.91 134.14
18 December 2006 117.36 134.51
19 December 2006 117.54 134.32
20 December 2006 117.45 134.62
21 December 2006 116.99 134.18
22 December 2006 116.44 133.62
26 December 2006 116.96 134.56
27 December 2006 117.83 135.61
28 December 2006 117.65 135.25
29 December 2006 117.10 134.49
3 January 2007 117.01 134.85
4 January 2007 117.20 134.72
5 January 2007 116.33 133.51
8 January 2007 116.60 133.93
9 January 2007 116.66 133.88
10 January 2007 116.97 134.32
11 January 2007 117.86 135.07
12 January 2007 118.48 135.36
16 January 2007 118.53 135.66
17 January 2007 118.41 135.32
18 January 2007 117.86 134.85
19 January 2007 118.31 135.21
22 January 2007 117.69 134.99
23 January 2007 118.20 135.09
24 January 2007 119.23 136.36
25 January 2007 117.93 134.71
26 January 2007 117.90 134.94
29 January 2007 117.93 134.42
30 January 2007 118.58 135.13
31 January 2007 119.35 135.97
1 February 2007 120.04 136.75
2 February 2007 120.26 137.11
5 February 2007 120.12 137.01
6 February 2007 120.29 137.78
7 February 2007 120.58 138.51
8 February 2007 120.46 137.82
9 February 2007 119.55 136.41
12 February 2007 119.11 135.83
13 February 2007 120.01 137.15
14 February 2007 120.83 138.06
15 February 2007 120.99 138.19
16 February 2007 121.01 138.30
20 February 2007 121.52 138.95
21 February 2007 121.44 138.54
22 February 2007 121.38 138.20
23 February 2007 120.98 136.74
26 February 2007 120.76 135.69
27 February 2007 116.65 131.07
28 February 2007 117.21 131.78
1 March 2007 116.92 131.48
2 March 2007 115.48 130.03
5 March 2007 114.13 127.67
6 March 2007 116.01 130.40
7 March 2007 115.75 129.48
8 March 2007 116.58 130.67
9 March 2007 116.73 130.97
12 March 2007 117.09 130.95
13 March 2007 114.70 126.94
14 March 2007 115.36 127.70
15 March 2007 115.90 128.87
16 March 2007 115.43 128.01
19 March 2007 116.70 129.44
20 March 2007 117.46 130.35
21 March 2007 119.39 133.32
22 March 2007 119.42 132.58
23 March 2007 119.55 132.78
26 March 2007 119.61 132.23
27 March 2007 118.88 131.17
28 March 2007 118.01 129.71
29 March 2007 118.38 130.39
30 March 2007 118.34 130.33
2 April 2007 118.66 129.76
3 April 2007 119.75 131.21
4 April 2007 119.87 130.89
5 April 2007 120.24 131.11
9 April 2007 120.30 131.04
10 April 2007 120.61 131.35
11 April 2007 119.85 130.29
12 April 2007 120.59 130.31
13 April 2007 121.03 131.01
16 April 2007 122.30 133.55
17 April 2007 122.46 133.86
18 April 2007 122.45 134.98
19 April 2007 122.18 134.67
20 April 2007 123.28 135.60
23 April 2007 123.06 135.12
24 April 2007 122.97 134.62
25 April 2007 124.10 136.24
26 April 2007 124.08 135.92
27 April 2007 123.96 135.76
30 April 2007 122.80 134.76
1 May 2007 123.06 134.91
2 May 2007 124.03 135.77
3 May 2007 124.50 136.55
4 May 2007 124.79 136.85
7 May 2007 125.02 137.16
8 May 2007 124.86 136.87
9 May 2007 125.33 137.72
10 May 2007 123.58 135.84
11 May 2007 124.79 137.06
14 May 2007 124.43 136.22
15 May 2007 124.08 135.74
16 May 2007 125.03 136.99
17 May 2007 124.89 136.53
18 May 2007 125.70 136.91
21 May 2007 126.12 137.09
22 May 2007 126.26 137.47
23 May 2007 126.05 137.22
24 May 2007 124.69 135.87
25 May 2007 125.41 136.14
29 May 2007 125.79 136.90
30 May 2007 126.82 137.86
31 May 2007 126.99 137.55
1 June 2007 127.57 138.07
4 June 2007 127.87 138.02
5 June 2007 127.17 137.05
6 June 2007 126.01 136.02
7 June 2007 123.77 133.59
8 June 2007 125.11 135.10
11 June 2007 125.21 135.44
12 June 2007 123.90 133.88
13 June 2007 125.64 136.06
14 June 2007 126.26 135.81
15 June 2007 127.15 136.48
18 June 2007 127.01 136.28
19 June 2007 127.22 136.74
20 June 2007 125.59 134.55
21 June 2007 126.28 134.76
22 June 2007 124.86 132.69
25 June 2007 124.34 131.80
26 June 2007 123.93 131.52
27 June 2007 125.11 132.73
28 June 2007 125.13 132.56
29 June 2007 124.92 131.63
2 July 2007 126.30 133.25
3 July 2007 126.73 133.87
5 July 2007 126.88 133.40
6 July 2007 127.36 133.71
9 July 2007 127.50 133.32
10 July 2007 125.69 130.45
11 July 2007 126.34 130.93
12 July 2007 128.56 133.59
13 July 2007 128.95 133.89
16 July 2007 128.57 133.40
17 July 2007 128.58 133.40
18 July 2007 128.29 131.87
19 July 2007 128.91 131.57
20 July 2007 127.35 129.21
23 July 2007 127.78 129.00
24 July 2007 125.20 125.27
25 July 2007 125.59 126.23
26 July 2007 122.69 123.24
27 July 2007 120.82 121.69
30 July 2007 121.99 123.05
31 July 2007 120.59 120.98
1 August 2007 121.19 121.36
2 August 2007 121.80 121.65
3 August 2007 118.53 117.04
6 August 2007 120.92 122.14
7 August 2007 121.74 123.18
8 August 2007 123.57 125.90
9 August 2007 120.24 121.55
10 August 2007 120.25 121.28
13 August 2007 120.18 120.28
14 August 2007 117.94 117.33
15 August 2007 116.18 116.14
16 August 2007 116.54 120.16
17 August 2007 119.35 124.42
20 August 2007 119.45 123.60
21 August 2007 119.67 124.31
22 August 2007 121.15 125.33
23 August 2007 120.90 124.64
24 August 2007 122.34 125.29
27 August 2007 121.30 123.57
28 August 2007 118.48 119.65
29 August 2007 121.01 121.83
30 August 2007 120.54 120.63
31 August 2007 121.94 122.45
4 September 2007 123.25 123.86
5 September 2007 121.93 121.35
6 September 2007 122.41 121.14
7 September 2007 120.37 119.38
10 September 2007 120.02 119.11
11 September 2007 121.63 120.69
12 September 2007 121.58 120.45
13 September 2007 122.45 122.28
14 September 2007 122.60 122.36
17 September 2007 121.88 121.45
18 September 2007 125.43 126.70
19 September 2007 126.24 127.49
20 September 2007 125.43 125.40
21 September 2007 125.98 125.68
24 September 2007 125.35 124.32
25 September 2007 125.28 123.83
26 September 2007 125.97 124.53
27 September 2007 126.57 125.59
28 September 2007 126.17 125.05
1 October 2007 127.92 127.59
2 October 2007 128.08 128.72
3 October 2007 127.44 128.69
4 October 2007 127.73 129.01
5 October 2007 129.14 130.65
8 October 2007 128.78 129.62
9 October 2007 129.82 130.62
10 October 2007 129.75 129.45
11 October 2007 129.00 129.08
12 October 2007 129.68 128.97
15 October 2007 128.52 126.64
16 October 2007 127.67 124.38
17 October 2007 127.94 124.11
18 October 2007 127.85 122.84
19 October 2007 124.63 119.33
22 October 2007 125.23 120.47
23 October 2007 126.37 121.23
24 October 2007 125.97 120.31
25 October 2007 125.75 119.62
26 October 2007 127.45 122.54
29 October 2007 127.97 122.39
30 October 2007 127.15 121.86
31 October 2007 128.72 122.93
1 November 2007 125.34 117.47
2 November 2007 125.40 115.53
5 November 2007 124.62 113.97
6 November 2007 126.11 115.88
7 November 2007 122.59 110.37
8 November 2007 122.55 111.00
9 November 2007 120.81 111.23
12 November 2007 119.44 111.34
13 November 2007 122.79 116.54
14 November 2007 121.97 115.67
15 November 2007 120.43 112.43
16 November 2007 120.95 111.56
19 November 2007 118.78 108.34
20 November 2007 119.13 107.01
21 November 2007 117.35 104.91
23 November 2007 119.24 107.95
26 November 2007 116.70 103.64
27 November 2007 118.26 106.22
28 November 2007 121.69 111.32
29 November 2007 121.74 110.54
30 November 2007 122.64 113.53
3 December 2007 121.95 112.33
4 December 2007 121.16 110.29
5 December 2007 122.89 112.47
6 December 2007 124.86 115.44
7 December 2007 124.80 114.40
10 December 2007 125.75 116.67
11 December 2007 122.57 111.07
12 December 2007 123.14 110.08
13 December 2007 123.20 109.61
14 December 2007 121.49 107.55
17 December 2007 119.54 106.47
18 December 2007 120.33 106.72
19 December 2007 120.28 106.88
20 December 2007 121.02 106.35
21 December 2007 123.02 108.55
24 December 2007 124.11 110.45
26 December 2007 124.23 109.89
27 December 2007 122.34 107.39
28 December 2007 122.47 106.83
31 December 2007 121.71 107.56
2 January 2008 120.02 105.09
3 January 2008 119.81 104.20
4 January 2008 116.71 101.20
7 January 2008 116.87 101.72
8 January 2008 114.68 98.06
9 January 2008 115.97 99.54
10 January 2008 117.00 101.71
11 January 2008 115.33 101.35
14 January 2008 116.51 102.19
15 January 2008 113.68 98.63
16 January 2008 113.12 99.88
17 January 2008 109.97 95.47
18 January 2008 109.30 93.82
22 January 2008 108.33 95.98
23 January 2008 110.65 102.56
24 January 2008 111.77 102.94
25 January 2008 110.25 100.59
28 January 2008 112.19 104.01
29 January 2008 112.84 105.34
30 January 2008 112.16 104.10
31 January 2008 114.13 106.99
1 February 2008 115.73 109.12
4 February 2008 114.61 106.52
5 February 2008 111.17 101.95
6 February 2008 110.20 100.81
7 February 2008 111.11 102.49
8 February 2008 110.75 100.24
11 February 2008 111.38 98.46
12 February 2008 112.09 99.76
13 February 2008 113.70 100.55
14 February 2008 112.16 98.62
15 February 2008 112.13 99.24
19 February 2008 112.07 98.40
20 February 2008 113.00 99.92
21 February 2008 111.50 98.48
22 February 2008 112.21 99.95
25 February 2008 113.88 101.19
26 February 2008 114.70 101.44
27 February 2008 114.53 102.04
28 February 2008 113.48 99.09
29 February 2008 110.51 95.40
3 March 2008 110.47 94.34
4 March 2008 110.03 93.57
5 March 2008 110.66 92.92
6 March 2008 108.12 89.55
7 March 2008 107.20 89.93
10 March 2008 105.31 87.41
11 March 2008 109.12 93.65
12 March 2008 108.24 91.73
13 March 2008 108.96 92.23
14 March 2008 106.71 88.80
17 March 2008 105.35 87.45
18 March 2008 109.68 94.29
19 March 2008 107.07 92.51
20 March 2008 109.53 98.47
24 March 2008 111.46 99.20
25 March 2008 111.89 99.10
26 March 2008 111.03 95.88
27 March 2008 109.76 93.97
28 March 2008 108.86 92.19
31 March 2008 109.50 93.00
1 April 2008 113.23 99.52
2 April 2008 113.14 98.94
3 April 2008 113.35 99.37
4 April 2008 113.53 97.93
7 April 2008 113.71 98.79
8 April 2008 113.26 97.19
9 April 2008 112.16 95.43
10 April 2008 112.78 95.23
11 April 2008 110.51 93.56
14 April 2008 110.14 91.46
15 April 2008 110.66 92.48
16 April 2008 113.23 95.48
17 April 2008 113.15 96.72
18 April 2008 115.12 98.24
21 April 2008 114.94 96.65
22 April 2008 113.86 95.83
23 April 2008 114.16 95.21
24 April 2008 114.90 98.65
25 April 2008 115.71 100.14
28 April 2008 115.70 100.09
29 April 2008 115.25 99.51
30 April 2008 114.91 98.53
1 May 2008 116.79 102.28
2 May 2008 117.04 102.47
5 May 2008 116.62 101.20
6 May 2008 117.52 102.03
7 May 2008 115.53 98.50
8 May 2008 115.98 97.45
9 May 2008 115.31 96.63
12 May 2008 116.56 98.35
13 May 2008 116.68 97.12
14 May 2008 117.09 97.95
15 May 2008 118.30 99.09
16 May 2008 118.46 97.85
19 May 2008 118.46 97.39
20 May 2008 117.53 95.45
21 May 2008 115.67 93.16
22 May 2008 116.03 93.97
23 May 2008 114.61 92.40
27 May 2008 115.47 93.24
28 May 2008 116.06 92.70
29 May 2008 116.76 94.20
30 May 2008 117.12 93.57
2 June 2008 116.01 92.03
3 June 2008 115.49 91.55
4 June 2008 115.49 90.89
5 June 2008 117.77 92.75
6 June 2008 114.36 88.40
9 June 2008 114.30 86.48
10 June 2008 113.92 87.31
11 June 2008 112.02 84.63
12 June 2008 112.34 86.13
13 June 2008 114.08 87.71
16 June 2008 114.31 88.69
17 June 2008 113.67 86.21
18 June 2008 112.59 85.16
19 June 2008 113.00 85.89
20 June 2008 111.00 83.82
23 June 2008 110.84 81.66
24 June 2008 110.23 82.70
25 June 2008 110.93 83.06
26 June 2008 107.80 79.63
27 June 2008 107.43 78.65
30 June 2008 107.37 77.07
1 July 2008 107.66 77.77
2 July 2008 105.47 76.59
3 July 2008 105.25 76.18
7 July 2008 104.33 73.88
8 July 2008 106.24 78.16
9 July 2008 103.96 74.09
10 July 2008 104.68 73.68
11 July 2008 103.77 72.09
14 July 2008 102.80 68.69
15 July 2008 101.76 66.84
16 July 2008 104.33 74.37
17 July 2008 105.54 78.73
18 July 2008 105.48 79.39
21 July 2008 105.71 78.70
22 July 2008 107.17 83.51
23 July 2008 107.48 85.05
24 July 2008 104.89 79.59
25 July 2008 105.43 79.39
28 July 2008 103.59 76.16
29 July 2008 105.95 81.54
30 July 2008 107.61 82.90
31 July 2008 106.33 81.83
1 August 2008 105.85 82.35
4 August 2008 104.62 81.34
5 August 2008 107.37 85.17
6 August 2008 107.87 84.37
7 August 2008 105.99 80.61
8 August 2008 108.39 83.48
11 August 2008 109.30 85.10
12 August 2008 108.11 81.17
13 August 2008 107.96 79.08
14 August 2008 108.64 81.02
15 August 2008 109.00 81.82
18 August 2008 107.41 79.17
19 August 2008 106.36 76.98
20 August 2008 106.94 78.03
21 August 2008 107.08 77.24
22 August 2008 108.29 79.49
25 August 2008 106.20 77.14
26 August 2008 106.59 77.68
27 August 2008 107.52 78.89
28 August 2008 109.14 82.15
29 August 2008 107.79 81.69
2 September 2008 107.30 83.00
3 September 2008 106.99 84.05
4 September 2008 103.93 80.41
5 September 2008 104.33 82.68
8 September 2008 106.14 86.33
9 September 2008 102.47 81.13
10 September 2008 103.24 80.89
11 September 2008 104.43 81.97
12 September 2008 104.84 81.54
15 September 2008 100.07 73.95
16 September 2008 101.82 78.21
17 September 2008 97.11 71.91
18 September 2008 101.43 80.03
19 September 2008 105.80 87.94
22 September 2008 101.53 80.16
23 September 2008 99.98 79.20
24 September 2008 99.65 78.07
25 September 2008 101.34 79.86
26 September 2008 101.41 81.85
29 September 2008 92.99 70.06
30 September 2008 97.53 78.09
1 October 2008 96.99 79.56
2 October 2008 92.76 76.04
3 October 2008 91.35 73.15
6 October 2008 87.62 70.20
7 October 2008 82.60 63.11
8 October 2008 81.53 61.36
9 October 2008 75.46 54.25
10 October 2008 74.91 58.18
13 October 2008 83.45 63.88
14 October 2008 82.67 66.78
15 October 2008 75.23 60.52
16 October 2008 78.43 61.80
17 October 2008 78.14 60.64
20 October 2008 81.67 62.20
21 October 2008 79.26 60.96
22 October 2008 74.58 56.85
23 October 2008 74.83 56.28
24 October 2008 72.32 54.30
27 October 2008 69.83 52.07
28 October 2008 76.72 58.40
29 October 2008 76.49 57.19
30 October 2008 78.72 58.09
31 October 2008 80.23 61.11
3 November 2008 80.08 61.02
4 November 2008 82.99 64.17
5 November 2008 78.70 58.72
6 November 2008 74.85 55.07
7 November 2008 76.86 56.47
10 November 2008 75.72 53.96
11 November 2008 73.99 52.89
12 November 2008 70.11 49.50
13 November 2008 74.90 53.25
14 November 2008 71.63 50.35
17 November 2008 69.88 47.74
18 November 2008 70.34 47.50
19 November 2008 65.82 42.19
20 November 2008 61.36 38.09
21 November 2008 65.10 39.65
24 November 2008 69.31 46.25
25 November 2008 69.96 47.37
26 November 2008 72.72 49.61
28 November 2008 73.47 50.83
1 December 2008 66.75 42.46
2 December 2008 69.44 45.82
3 December 2008 71.24 48.24
4 December 2008 69.14 47.24
5 December 2008 71.76 51.15
8 December 2008 74.55 54.30
9 December 2008 72.85 51.58
10 December 2008 73.83 51.64
11 December 2008 71.50 47.39

Source. Bloomberg.


Figure: Implied volatility on S&P 500 (VIX)
Weekly (Fri.*)
Period Percent
4 January 2002 20.45
11 January 2002 22.60
18 January 2002 22.52
25 January 2002 21.01
1 February 2002 21.12
8 February 2002 23.26
15 February 2002 22.37
22 February 2002 22.86
1 March 2002 19.96
8 March 2002 19.27
15 March 2002 18.42
22 March 2002 17.77
5 April 2002 19.13
12 April 2002 19.42
19 April 2002 18.30
26 April 2002 22.14
3 May 2002 20.19
10 May 2002 22.41
17 May 2002 17.70
24 May 2002 18.90
31 May 2002 19.98
7 June 2002 23.51
14 June 2002 25.96
21 June 2002 27.23
28 June 2002 25.40
5 July 2002 27.11
12 July 2002 32.94
19 July 2002 38.17
26 July 2002 35.51
2 August 2002 41.29
9 August 2002 35.33
16 August 2002 28.81
23 August 2002 29.32
30 August 2002 32.64
6 September 2002 36.33
13 September 2002 35.82
20 September 2002 38.98
27 September 2002 36.97
4 October 2002 39.46
11 October 2002 35.70
18 October 2002 33.53
25 October 2002 30.00
1 November 2002 29.30
8 November 2002 29.41
15 November 2002 26.65
22 November 2002 23.16
29 November 2002 27.50
6 December 2002 28.88
13 December 2002 28.18
20 December 2002 26.71
27 December 2002 29.55
3 January 2003 24.68
10 January 2003 24.32
17 January 2003 25.70
24 January 2003 31.51
31 January 2003 31.17
7 February 2003 34.01
14 February 2003 32.62
21 February 2003 30.25
28 February 2003 29.63
7 March 2003 31.08
14 March 2003 30.98
21 March 2003 28.67
28 March 2003 27.75
4 April 2003 29.13
11 April 2003 24.44
25 April 2003 20.80
2 May 2003 20.63
9 May 2003 19.69
16 May 2003 18.40
23 May 2003 19.17
30 May 2003 19.47
6 June 2003 21.25
13 June 2003 20.66
20 June 2003 19.14
27 June 2003 19.16
11 July 2003 18.47
18 July 2003 19.11
25 July 2003 17.75
1 August 2003 20.75
8 August 2003 19.59
15 August 2003 18.27
22 August 2003 18.55
29 August 2003 18.63
5 September 2003 18.17
12 September 2003 18.68
19 September 2003 19.08
26 September 2003 22.23
3 October 2003 19.50
10 October 2003 18.45
17 October 2003 17.62
24 October 2003 17.71
31 October 2003 16.10
7 November 2003 16.93
14 November 2003 16.94
21 November 2003 18.98
28 November 2003 16.32
5 December 2003 17.09
12 December 2003 16.41
19 December 2003 16.42
26 December 2003 17.45
2 January 2004 18.22
9 January 2004 16.75
16 January 2004 15.00
23 January 2004 15.50
30 January 2004 16.63
6 February 2004 16.00
13 February 2004 15.63
20 February 2004 16.25
27 February 2004 14.55
5 March 2004 14.48
12 March 2004 18.30
19 March 2004 19.15
26 March 2004 17.33
2 April 2004 15.64
16 April 2004 14.94
23 April 2004 14.01
30 April 2004 16.82
7 May 2004 18.13
14 May 2004 18.47
21 May 2004 18.49
28 May 2004 15.50
4 June 2004 16.78
11 June 2004 15.04
18 June 2004 14.99
25 June 2004 15.19
2 July 2004 15.08
9 July 2004 15.78
16 July 2004 14.34
23 July 2004 16.50
30 July 2004 15.32
6 August 2004 19.34
13 August 2004 17.98
20 August 2004 16.00
27 August 2004 14.71
3 September 2004 13.91
10 September 2004 13.76
17 September 2004 14.83
24 September 2004 14.28
1 October 2004 12.75
8 October 2004 15.05
15 October 2004 15.04
22 October 2004 15.28
29 October 2004 16.27
5 November 2004 13.84
12 November 2004 13.33
19 November 2004 13.50
26 November 2004 12.79
3 December 2004 12.96
10 December 2004 12.76
17 December 2004 11.95
31 December 2004 13.29
7 January 2005 13.49
14 January 2005 12.43
21 January 2005 14.36
28 January 2005 13.24
4 February 2005 11.21
11 February 2005 11.43
18 February 2005 11.33
25 February 2005 11.49
4 March 2005 11.94
11 March 2005 12.80
18 March 2005 13.14
1 April 2005 14.09
8 April 2005 12.62
15 April 2005 17.74
22 April 2005 15.38
29 April 2005 15.31
6 May 2005 14.05
13 May 2005 16.32
20 May 2005 13.14
27 May 2005 12.15
3 June 2005 12.15
10 June 2005 11.96
17 June 2005 11.48
24 June 2005 12.18
1 July 2005 11.40
8 July 2005 11.45
15 July 2005 10.33
22 July 2005 10.52
29 July 2005 11.57
5 August 2005 12.48
12 August 2005 12.74
19 August 2005 13.42
26 August 2005 13.72
2 September 2005 13.57
9 September 2005 11.98
16 September 2005 11.22
23 September 2005 12.96
30 September 2005 11.92
7 October 2005 14.59
14 October 2005 14.87
21 October 2005 16.13
28 October 2005 14.25
4 November 2005 13.17
18 November 2005 11.12
25 November 2005 10.88
2 December 2005 11.01
9 December 2005 11.69
16 December 2005 10.68
23 December 2005 10.27
30 December 2005 12.07
6 January 2006 11.00
13 January 2006 11.23
20 January 2006 14.56
27 January 2006 11.97
3 February 2006 12.96
10 February 2006 12.87
17 February 2006 12.01
24 February 2006 11.46
3 March 2006 11.96
10 March 2006 13.59
17 March 2006 12.12
24 March 2006 11.19
31 March 2006 11.39
7 April 2006 12.26
21 April 2006 11.59
28 April 2006 11.59
5 May 2006 11.62
12 May 2006 13.59
19 May 2006 17.18
26 May 2006 14.26
2 June 2006 14.32
9 June 2006 18.12
16 June 2006 17.25
23 June 2006 15.89
30 June 2006 13.08
7 July 2006 13.97
14 July 2006 18.05
21 July 2006 17.53
28 July 2006 14.33
4 August 2006 14.34
11 August 2006 14.30
18 August 2006 11.64
25 August 2006 12.31
1 September 2006 11.96
8 September 2006 13.16
15 September 2006 11.78
22 September 2006 12.60
29 September 2006 11.98
6 October 2006 11.56
13 October 2006 10.75
20 October 2006 10.63
27 October 2006 10.80
3 November 2006 11.16
10 November 2006 10.79
17 November 2006 10.05
24 November 2006 10.73
1 December 2006 11.66
8 December 2006 12.07
15 December 2006 10.05
22 December 2006 11.36
29 December 2006 11.56
5 January 2007 12.14
12 January 2007 10.15
19 January 2007 10.40
26 January 2007 11.13
2 February 2007 10.08
9 February 2007 11.10
16 February 2007 10.02
23 February 2007 10.58
2 March 2007 18.61
9 March 2007 14.09
16 March 2007 16.79
23 March 2007 12.95
30 March 2007 14.64
13 April 2007 12.20
20 April 2007 12.07
27 April 2007 12.45
4 May 2007 12.91
11 May 2007 12.95
18 May 2007 12.76
25 May 2007 13.34
1 June 2007 12.78
8 June 2007 14.84
15 June 2007 13.94
22 June 2007 15.75
29 June 2007 16.23
6 July 2007 14.72
13 July 2007 15.15
20 July 2007 17.18
27 July 2007 24.17
3 August 2007 25.16
10 August 2007 28.30
17 August 2007 29.99
24 August 2007 20.72
31 August 2007 23.38
7 September 2007 26.23
14 September 2007 24.92
21 September 2007 19.00
28 September 2007 18.00
5 October 2007 16.91
12 October 2007 17.73
19 October 2007 22.96
26 October 2007 19.56
2 November 2007 23.01
9 November 2007 28.50
16 November 2007 25.49
23 November 2007 25.61
30 November 2007 22.87
7 December 2007 20.85
14 December 2007 23.27
21 December 2007 18.47
28 December 2007 20.74
4 January 2008 23.94
11 January 2008 23.68
18 January 2008 27.18
25 January 2008 29.08
1 February 2008 24.02
8 February 2008 28.01
15 February 2008 25.06
22 February 2008 24.06
29 February 2008 26.54
7 March 2008 27.49
14 March 2008 31.16
28 March 2008 25.71
4 April 2008 22.45
11 April 2008 23.46
18 April 2008 20.13
25 April 2008 19.59
2 May 2008 18.18
9 May 2008 19.41
16 May 2008 16.47
23 May 2008 16.47
30 May 2008 17.83
6 June 2008 23.56
13 June 2008 21.22
20 June 2008 22.87
27 June 2008 23.44
11 July 2008 27.49
18 July 2008 24.05
25 July 2008 22.91
1 August 2008 22.57
8 August 2008 20.66
15 August 2008 19.58
22 August 2008 18.81
29 August 2008 20.65
5 September 2008 23.06
12 September 2008 25.66
19 September 2008 32.07
26 September 2008 34.74
3 October 2008 45.14
10 October 2008 69.95
17 October 2008 70.33
24 October 2008 79.13
31 October 2008 59.89
7 November 2008 56.10
14 November 2008 66.31
21 November 2008 72.67
28 November 2008 55.28
5 December 2008 59.93
11 December 2008 55.78

* Latest observation is for most recent business day.  Return to table

Source. Chicago Board of Exchange.


Figure: Corporate bond spreads*
Daily
Basis points
Date 10-year BBB 10-year High-Yield
2 January 2002 208.46 552.56
3 January 2002 208.71 547.65
4 January 2002 204.61 537.21
7 January 2002 207.70 546.40
8 January 2002 208.86 548.79
9 January 2002 208.71 549.02
10 January 2002 211.06 556.26
11 January 2002 211.28 561.46
14 January 2002 210.23 559.05
15 January 2002 212.58 568.20
16 January 2002 213.39 571.52
17 January 2002 213.25 567.83
18 January 2002 215.11 574.38
22 January 2002 211.38 572.12
23 January 2002 210.50 564.84
24 January 2002 210.65 564.21
25 January 2002 209.95 559.83
28 January 2002 208.51 564.53
29 January 2002 210.25 574.62
30 January 2002 214.31 583.73
31 January 2002 215.98 546.53
1 February 2002 216.56 550.39
4 February 2002 223.96 580.43
5 February 2002 232.95 566.94
6 February 2002 233.37 566.08
7 February 2002 234.59 566.00
8 February 2002 230.12 572.37
11 February 2002 232.35 572.25
12 February 2002 230.35 567.24
13 February 2002 227.50 564.30
14 February 2002 228.67 574.90
15 February 2002 229.04 580.75
19 February 2002 233.10 583.17
20 February 2002 235.02 584.92
21 February 2002 234.94 590.14
22 February 2002 236.00 593.46
25 February 2002 233.31 600.02
26 February 2002 229.40 594.76
27 February 2002 227.82 596.29
28 February 2002 226.46 566.29
1 March 2002 225.68 554.62
4 March 2002 223.75 546.37
5 March 2002 223.87 541.24
6 March 2002 221.69 532.44
7 March 2002 217.94 513.27
8 March 2002 215.48 497.39
11 March 2002 215.24 495.28
12 March 2002 215.91 493.62
13 March 2002 217.54 495.09
14 March 2002 217.52 485.30
15 March 2002 219.14 490.91
18 March 2002 219.70 491.16
19 March 2002 219.74 489.52
20 March 2002 218.62 481.32
21 March 2002 217.93 485.72
22 March 2002 216.80 482.93
25 March 2002 217.42 482.31
26 March 2002 217.47 491.02
27 March 2002 217.98 493.20
28 March 2002 216.86 493.00
1 April 2002 215.55 493.35
2 April 2002 217.50 497.41
3 April 2002 217.53 510.46
4 April 2002 218.11 508.82
5 April 2002 218.43 513.40
8 April 2002 218.02 511.24
9 April 2002 218.51 515.51
10 April 2002 219.30 510.88
11 April 2002 221.10 511.29
12 April 2002 221.17 522.07
15 April 2002 221.74 521.78
16 April 2002 220.66 519.74
17 April 2002 218.82 510.53
18 April 2002 218.72 504.72
19 April 2002 218.45 503.94
22 April 2002 218.88 506.89
23 April 2002 219.88 508.65
24 April 2002 221.62 515.67
25 April 2002 223.78 520.51
26 April 2002 223.82 527.75
29 April 2002 224.90 520.89
30 April 2002 225.76 493.26
1 May 2002 233.20 497.76
2 May 2002 232.82 498.44
3 May 2002 234.52 494.23
6 May 2002 234.40 497.13
7 May 2002 238.03 499.33
8 May 2002 235.48 492.37
9 May 2002 233.30 494.96
10 May 2002 236.53 503.08
13 May 2002 234.84 500.55
14 May 2002 234.33 497.96
15 May 2002 232.94 504.34
16 May 2002 236.95 515.22
17 May 2002 230.59 518.44
20 May 2002 236.42 523.90
21 May 2002 235.83 529.26
22 May 2002 234.15 535.29
23 May 2002 235.09 525.69
24 May 2002 234.24 525.68
28 May 2002 229.85 526.85
29 May 2002 228.33 532.51
30 May 2002 227.87 541.34
31 May 2002 212.41 545.70
3 June 2002 211.87 549.65
4 June 2002 212.64 551.11
5 June 2002 210.72 536.24
6 June 2002 212.84 542.70
7 June 2002 211.65 544.38
10 June 2002 213.78 560.91
11 June 2002 216.57 563.53
12 June 2002 217.83 572.10
13 June 2002 218.82 575.91
14 June 2002 220.20 590.05
17 June 2002 220.62 578.57
18 June 2002 222.40 583.58
19 June 2002 224.26 593.40
20 June 2002 228.96 591.48
21 June 2002 230.94 627.48
24 June 2002 235.94 605.62
25 June 2002 232.70 615.11
26 June 2002 245.03 655.14
27 June 2002 244.75 669.88
28 June 2002 247.55 671.70
1 July 2002 244.43 600.77
2 July 2002 253.25 622.28
3 July 2002 251.90 623.49
5 July 2002 250.73 613.46
8 July 2002 247.29 618.25
9 July 2002 244.29 619.06
10 July 2002 246.73 631.85
11 July 2002 250.21 643.04
12 July 2002 249.30 643.07
15 July 2002 256.83 642.38
16 July 2002 255.70 635.10
17 July 2002 251.78 638.13
18 July 2002 254.76 643.32
19 July 2002 259.49 651.09
22 July 2002 262.73 667.01
23 July 2002 268.06 683.99
24 July 2002 276.23 698.32
25 July 2002 279.74 700.63
26 July 2002 277.86 709.03
29 July 2002 281.50 694.99
30 July 2002 284.31 692.95
31 July 2002 276.37 694.85
1 August 2002 272.40 686.27
2 August 2002 275.01 711.68
5 August 2002 284.98 718.46
6 August 2002 285.50 715.36
7 August 2002 281.55 720.29
8 August 2002 283.37 721.40
9 August 2002 287.89 730.31
12 August 2002 288.96 739.41
13 August 2002 290.67 750.63
14 August 2002 291.93 754.18
15 August 2002 292.40 744.45
16 August 2002 288.61 730.33
19 August 2002 287.72 732.85
20 August 2002 277.75 727.72
21 August 2002 275.56 731.67
22 August 2002 272.29 710.60
23 August 2002 270.83 707.39
26 August 2002 270.97 699.31
27 August 2002 269.43 690.55
28 August 2002 268.96 691.71
29 August 2002 272.21 695.96
30 August 2002 272.19 698.52
3 September 2002 279.22 718.11
4 September 2002 277.15 714.87
5 September 2002 279.39 721.55
6 September 2002 278.22 712.85
9 September 2002 279.01 715.16
10 September 2002 275.80 714.81
11 September 2002 281.02 706.62
12 September 2002 278.36 698.67
13 September 2002 277.67 ND
16 September 2002 277.38 717.08
17 September 2002 280.74 715.32
18 September 2002 277.82 725.29
19 September 2002 278.24 739.89
20 September 2002 279.73 743.06
23 September 2002 282.38 751.62
24 September 2002 287.03 762.24
25 September 2002 286.38 757.43
26 September 2002 287.54 753.00
27 September 2002 288.53 765.93
30 September 2002 286.32 780.68
1 October 2002 287.82 776.91
2 October 2002 287.20 777.42
3 October 2002 288.64 779.08
4 October 2002 289.18 792.20
7 October 2002 294.94 800.27
8 October 2002 304.42 814.65
9 October 2002 312.11 832.97
10 October 2002 317.67 835.26
11 October 2002 314.16 823.08
15 October 2002 305.24 793.94
16 October 2002 309.57 790.65
17 October 2002 310.99 777.83
18 October 2002 313.83 784.33
21 October 2002 319.33 775.00
22 October 2002 315.80 773.34
23 October 2002 314.70 771.27
24 October 2002 312.75 771.08
25 October 2002 310.69 774.34
28 October 2002 306.93 769.70
29 October 2002 305.50 779.20
30 October 2002 302.04 772.30
31 October 2002 300.11 765.03
1 November 2002 297.74 755.41
4 November 2002 293.72 747.24
5 November 2002 288.80 737.98
6 November 2002 281.14 729.22
7 November 2002 281.54 740.99
8 November 2002 281.85 747.56
12 November 2002 287.98 739.97
13 November 2002 288.64 740.50
14 November 2002 281.59 716.25
15 November 2002 276.45 707.78
18 November 2002 266.31 707.05
19 November 2002 266.77 705.85
20 November 2002 262.39 686.98
21 November 2002 257.49 675.17
22 November 2002 254.34 673.60
25 November 2002 255.95 657.66
26 November 2002 258.57 668.82
27 November 2002 252.70 648.17
29 November 2002 253.98 657.47
2 December 2002 243.61 637.30
3 December 2002 247.45 632.86
4 December 2002 249.64 729.81
5 December 2002 249.10 734.55
6 December 2002 250.23 741.36
9 December 2002 253.11 658.92
10 December 2002 254.48 670.84
11 December 2002 252.87 678.19
12 December 2002 251.60 675.81
13 December 2002 251.46 669.91
16 December 2002 246.91 658.80
17 December 2002 241.79 660.24
18 December 2002 239.41 664.75
19 December 2002 239.96 675.04
20 December 2002 239.14 674.19
23 December 2002 238.89 671.22
24 December 2002 238.12 673.40
26 December 2002 240.21 675.93
27 December 2002 240.09 684.56
30 December 2002 239.02 684.96
31 December 2002 240.88 668.32
2 January 2003 236.63 641.93
3 January 2003 236.05 643.32
6 January 2003 233.13 624.11
7 January 2003 230.18 620.76
8 January 2003 230.49 615.36
9 January 2003 227.63 595.40
10 January 2003 225.46 593.09
13 January 2003 221.38 591.38
14 January 2003 223.71 594.38
15 January 2003 226.55 597.98
16 January 2003 230.10 600.23
17 January 2003 232.82 606.91
21 January 2003 236.79 607.70
22 January 2003 238.42 616.19
23 January 2003 236.90 612.55
24 January 2003 238.17 616.64
27 January 2003 240.88 623.02
28 January 2003 239.41 622.08
29 January 2003 238.55 619.09
30 January 2003 237.18 621.28
31 January 2003 236.48 616.54
3 February 2003 233.34 619.36
4 February 2003 234.39 621.66
5 February 2003 232.76 613.62
6 February 2003 232.93 621.81
7 February 2003 232.16 624.95
10 February 2003 233.27 622.21
11 February 2003 231.99 621.75
12 February 2003 232.76 632.85
13 February 2003 235.24 647.49
14 February 2003 236.06 641.58
18 February 2003 237.63 642.11
19 February 2003 234.83 641.04
20 February 2003 233.74 638.10
21 February 2003 232.96 630.87
24 February 2003 231.40 632.91
25 February 2003 234.73 637.26
26 February 2003 234.13 639.25
27 February 2003 233.37 637.37
28 February 2003 229.47 630.14
3 March 2003 224.95 635.51
4 March 2003 225.55 635.01
5 March 2003 228.46 637.83
6 March 2003 227.06 634.98
7 March 2003 231.95 638.06
10 March 2003 232.57 639.06
11 March 2003 235.16 636.46
12 March 2003 237.45 638.46
13 March 2003 232.46 623.18
14 March 2003 231.47 622.81
17 March 2003 232.52 612.26
18 March 2003 228.43 603.50
19 March 2003 226.83 594.01
20 March 2003 226.61 588.02
21 March 2003 222.00 576.95
24 March 2003 222.65 586.73
25 March 2003 222.61 585.86
26 March 2003 217.09 582.14
27 March 2003 215.41 581.64
28 March 2003 212.55 580.49
31 March 2003 212.01 576.84
1 April 2003 208.99 572.81
2 April 2003 204.20 555.88
3 April 2003 202.75 549.17
4 April 2003 205.55 545.49
7 April 2003 201.93 537.25
8 April 2003 205.56 545.58
9 April 2003 206.23 552.16
10 April 2003 207.55 551.35
11 April 2003 205.36 546.41
14 April 2003 206.35 539.71
15 April 2003 203.76 543.25
16 April 2003 199.82 541.73
17 April 2003 199.37 538.03
21 April 2003 196.69 530.37
22 April 2003 193.11 525.09
23 April 2003 188.47 513.72
24 April 2003 186.64 515.21
25 April 2003 185.36 513.49
28 April 2003 185.87 511.66
29 April 2003 185.19 504.68
30 April 2003 184.28 497.97
1 May 2003 183.78 494.96
2 May 2003 180.82 486.55
5 May 2003 179.92 484.71
6 May 2003 163.70 491.45
7 May 2003 173.54 505.44
8 May 2003 173.43 511.47
9 May 2003 176.44 514.56
12 May 2003 176.75 516.36
13 May 2003 177.65 516.25
14 May 2003 182.75 527.68
15 May 2003 184.27 528.04
16 May 2003 181.48 533.22
19 May 2003 184.70 536.71
20 May 2003 185.93 544.55
21 May 2003 190.02 551.28
22 May 2003 186.92 557.83
23 May 2003 185.00 559.73
27 May 2003 183.40 553.94
28 May 2003 182.61 554.44
29 May 2003 183.65 558.12
30 May 2003 182.05 554.31
2 June 2003 183.07 538.73
3 June 2003 181.49 546.58
4 June 2003 183.60 547.26
5 June 2003 179.94 534.35
6 June 2003 178.36 525.75
9 June 2003 179.16 531.82
10 June 2003 179.17 539.89
11 June 2003 176.87 534.77
12 June 2003 177.71 535.09
13 June 2003 177.09 536.03
16 June 2003 173.44 525.11
17 June 2003 169.84 510.50
18 June 2003 170.06 500.69
19 June 2003 170.40 503.47
20 June 2003 171.16 500.82
23 June 2003 172.52 511.36
24 June 2003 172.05 517.34
25 June 2003 170.63 507.29
26 June 2003 173.59 496.75
27 June 2003 171.95 493.68
30 June 2003 171.25 498.46
1 July 2003 173.33 499.03
2 July 2003 171.59 499.90
3 July 2003 171.47 488.88
7 July 2003 169.22 481.96
8 July 2003 167.40 478.52
9 July 2003 167.09 480.15
10 July 2003 166.86 482.64
11 July 2003 167.00 484.30
14 July 2003 166.09 476.26
15 July 2003 164.00 459.02
16 July 2003 163.66 460.12
17 July 2003 161.42 459.90
18 July 2003 161.91 458.69
21 July 2003 171.69 451.22
22 July 2003 162.47 445.95
23 July 2003 161.33 451.84
24 July 2003 159.57 444.85
25 July 2003 158.99 444.68
28 July 2003 162.73 439.61
29 July 2003 163.40 437.12
30 July 2003 163.93 450.92
31 July 2003 166.22 443.04
1 August 2003 162.84 453.64
4 August 2003 163.47 459.06
5 August 2003 163.21 455.84
6 August 2003 166.71 481.09
7 August 2003 167.55 489.95
8 August 2003 166.17 487.03
11 August 2003 165.34 478.14
12 August 2003 165.26 479.60
13 August 2003 165.59 466.42
14 August 2003 170.58 475.51
15 August 2003 165.84 475.02
18 August 2003 168.41 476.83
19 August 2003 168.24 475.48
20 August 2003 164.57 459.37
21 August 2003 160.99 445.90
22 August 2003 160.54 448.16
25 August 2003 162.18 441.28
26 August 2003 161.19 442.75
27 August 2003 161.38 435.50
28 August 2003 161.61 441.67
29 August 2003 160.17 434.47
2 September 2003 154.19 409.38
3 September 2003 153.76 408.09
4 September 2003 155.96 414.58
5 September 2003 160.23 430.44
8 September 2003 158.49 423.70
9 September 2003 159.54 424.00
10 September 2003 159.35 431.14
11 September 2003 157.82 426.15
12 September 2003 156.96 430.83
15 September 2003 154.28 428.41
16 September 2003 156.93 426.10
17 September 2003 154.34 432.42
18 September 2003 152.46 427.99
19 September 2003 149.80 426.70
22 September 2003 151.47 421.17
23 September 2003 152.98 426.45
24 September 2003 152.74 430.72
25 September 2003 151.51 432.92
26 September 2003 152.95 441.33
29 September 2003 153.34 435.02
30 September 2003 153.87 444.60
1 October 2003 153.85 443.01
2 October 2003 154.23 433.95
3 October 2003 152.01 416.44
6 October 2003 152.37 421.28
7 October 2003 151.62 409.90
8 October 2003 150.65 407.35
9 October 2003 150.13 401.24
10 October 2003 148.51 403.26
14 October 2003 148.49 391.51
15 October 2003 145.26 383.80
16 October 2003 141.38 375.91
17 October 2003 141.34 380.66
20 October 2003 141.16 380.91
21 October 2003 143.45 381.98
22 October 2003 147.12 393.15
23 October 2003 146.01 391.64
24 October 2003 145.98 402.17
27 October 2003 142.39 396.12
28 October 2003 145.16 402.06
29 October 2003 145.21 393.37
30 October 2003 142.55 387.05
31 October 2003 143.29 388.33
3 November 2003 142.12 381.39
4 November 2003 142.44 384.33
5 November 2003 142.32 379.53
6 November 2003 141.66 372.30
7 November 2003 141.23 371.01
10 November 2003 141.18 369.91
12 November 2003 138.82 375.32
13 November 2003 137.35 385.34
14 November 2003 138.55 391.48
17 November 2003 139.22 391.92
18 November 2003 138.92 394.88
19 November 2003 139.48 387.12
20 November 2003 139.20 393.02
21 November 2003 139.61 393.13
24 November 2003 139.75 385.39
25 November 2003 138.94 387.47
26 November 2003 137.78 380.28
28 November 2003 136.91 371.60
1 December 2003 135.50 360.65
2 December 2003 134.79 359.30
3 December 2003 133.26 352.70
4 December 2003 131.36 351.52
5 December 2003 132.55 362.40
8 December 2003 134.14 354.53
9 December 2003 136.99 350.37
10 December 2003 135.99 351.60
11 December 2003 134.61 357.51
12 December 2003 135.29 358.26
15 December 2003 134.50 355.18
16 December 2003 136.18 358.22
17 December 2003 135.60 361.69
18 December 2003 133.39 364.50
19 December 2003 131.35 363.14
22 December 2003 132.66 358.93
23 December 2003 132.83 350.34
24 December 2003 133.24 357.87
26 December 2003 132.06 360.96
29 December 2003 131.40 352.06
30 December 2003 132.02 347.82
31 December 2003 131.14 349.55
2 January 2004 129.70 338.06
5 January 2004 125.49 329.94
6 January 2004 126.22 334.36
7 January 2004 125.81 332.30
8 January 2004 124.72 328.29
9 January 2004 126.90 340.67
12 January 2004 126.24 340.33
13 January 2004 127.02 344.84
14 January 2004 126.45 347.43
15 January 2004 126.85 347.50
16 January 2004 125.71 341.33
20 January 2004 126.41 337.41
21 January 2004 126.28 337.84
22 January 2004 125.14 341.29
23 January 2004 125.39 331.27
26 January 2004 126.79 328.26
27 January 2004 125.80 335.05
28 January 2004 126.70 329.62
29 January 2004 127.67 335.52
30 January 2004 127.98 345.13
2 February 2004 129.53 346.81
3 February 2004 128.16 356.18
4 February 2004 129.86 357.91
5 February 2004 131.73 359.38
6 February 2004 129.61 368.35
9 February 2004 129.01 362.88
10 February 2004 129.38 360.88
11 February 2004 128.00 366.22
12 February 2004 128.00 359.56
13 February 2004 129.36 363.51
17 February 2004 130.69 361.99
18 February 2004 129.56 364.59
19 February 2004 131.31 365.34
20 February 2004 130.80 361.50
23 February 2004 131.89 368.36
24 February 2004 132.82 373.30
25 February 2004 134.03 373.30
26 February 2004 133.55 369.99
27 February 2004 132.73 373.36
1 March 2004 131.62 370.90
2 March 2004 132.49 365.55
3 March 2004 131.85 365.15
4 March 2004 132.04 366.92
5 March 2004 132.57 380.55
8 March 2004 132.77 383.95
9 March 2004 133.07 388.64
10 March 2004 134.68 388.42
11 March 2004 134.53 389.11
12 March 2004 135.09 388.77
15 March 2004 135.37 391.35
16 March 2004 137.08 400.55
17 March 2004 135.79 401.55
18 March 2004 136.18 395.52
19 March 2004 136.59 392.16
22 March 2004 137.48 398.88
23 March 2004 137.61 401.98
24 March 2004 138.99 403.37
25 March 2004 138.61 400.59
26 March 2004 137.60 390.31
29 March 2004 135.78 384.31
30 March 2004 135.30 383.81
31 March 2004 134.93 388.94
1 April 2004 135.45 383.94
2 April 2004 133.33 363.60
5 April 2004 131.97 357.58
6 April 2004 131.33 361.73
7 April 2004 129.79 359.13
8 April 2004 130.30 355.57
12 April 2004 128.41 351.99
13 April 2004 127.77 345.46
14 April 2004 126.22 344.97
15 April 2004 128.09 344.05
16 April 2004 128.76 347.41
19 April 2004 127.67 345.08
20 April 2004 128.58 342.67
21 April 2004 127.66 343.15
22 April 2004 127.84 346.36
23 April 2004 127.47 337.83
26 April 2004 126.31 339.37
27 April 2004 127.08 341.63
28 April 2004 128.01 337.50
29 April 2004 129.63 337.13
30 April 2004 128.28 340.24
3 May 2004 128.34 343.87
4 May 2004 130.06 344.92
5 May 2004 130.43 343.34
6 May 2004 133.91 348.38
7 May 2004 133.31 342.84
10 May 2004 135.13 356.67
11 May 2004 135.75 360.59
12 May 2004 135.81 362.69
13 May 2004 137.50 367.75
14 May 2004 137.49 376.78
17 May 2004 139.19 385.25
18 May 2004 138.36 376.97
19 May 2004 138.26 366.68
20 May 2004 137.78 374.98
21 May 2004 138.15 369.58
24 May 2004 137.03 369.01
25 May 2004 137.69 368.25
26 May 2004 137.62 369.38
27 May 2004 135.93 373.83
28 May 2004 136.76 368.05
1 June 2004 135.55 362.79
2 June 2004 135.49 361.43
3 June 2004 137.03 364.63
4 June 2004 136.78 358.14
7 June 2004 135.77 360.74
8 June 2004 134.96 358.28
9 June 2004 134.83 353.96
10 June 2004 134.70 355.62
14 June 2004 134.87 349.31
15 June 2004 135.24 366.97
16 June 2004 135.67 359.70
17 June 2004 135.39 362.43
18 June 2004 135.37 359.21
21 June 2004 135.70 359.72
22 June 2004 135.48 356.82
23 June 2004 136.10 357.60
24 June 2004 135.49 360.29
25 June 2004 135.37 359.21
28 June 2004 134.99 351.44
29 June 2004 135.73 356.68
30 June 2004 136.86 364.11
1 July 2004 136.65 364.82
2 July 2004 136.46 372.43
6 July 2004 137.17 366.64
7 July 2004 136.75 365.93
8 July 2004 137.56 364.72
9 July 2004 137.67 363.32
12 July 2004 137.04 362.83
13 July 2004 137.12 359.60
14 July 2004 136.65 357.43
15 July 2004 136.13 355.97
16 July 2004 134.14 363.54
19 July 2004 133.30 360.52
20 July 2004 133.47 349.71
21 July 2004 134.20 348.09
22 July 2004 131.72 352.48
23 July 2004 133.05 356.51
26 July 2004 133.43 354.94
27 July 2004 133.23 349.33
28 July 2004 133.16 351.30
29 July 2004 132.74 350.42
30 July 2004 132.16 357.11
2 August 2004 136.59 359.95
3 August 2004 136.24 365.08
4 August 2004 136.89 363.06
5 August 2004 136.97 364.33
6 August 2004 137.33 376.79
9 August 2004 135.67 372.81
10 August 2004 136.11 369.13
11 August 2004 135.89 370.12
12 August 2004 135.61 372.40
13 August 2004 134.92 375.57
16 August 2004 135.76 373.13
17 August 2004 135.44 376.45
18 August 2004 135.35 371.35
19 August 2004 134.01 369.14
20 August 2004 134.92 366.46
23 August 2004 134.67 361.29
24 August 2004 133.88 359.67
25 August 2004 133.27 359.26
26 August 2004 132.64 361.53
27 August 2004 131.94 360.42
30 August 2004 130.60 363.03
31 August 2004 130.99 368.32
1 September 2004 131.23 367.87
2 September 2004 131.33 362.86
3 September 2004 131.10 352.99
7 September 2004 129.97 356.89
8 September 2004 128.13 360.43
9 September 2004 128.83 355.28
10 September 2004 128.19 355.48
13 September 2004 128.55 355.76
14 September 2004 127.26 354.10
15 September 2004 127.70 352.06
16 September 2004 125.33 359.83
17 September 2004 127.55 354.24
20 September 2004 125.36 358.36
21 September 2004 126.36 360.10
22 September 2004 126.50 363.32
23 September 2004 127.40 359.62
24 September 2004 126.33 358.99
27 September 2004 126.59 362.80
28 September 2004 126.20 361.56
29 September 2004 125.44 355.90
30 September 2004 124.05 354.52
1 October 2004 123.92 348.78
4 October 2004 123.75 349.17
5 October 2004 123.02 347.51
6 October 2004 123.31 341.87
7 October 2004 121.81 337.67
8 October 2004 120.79 344.11
12 October 2004 121.65 345.16
13 October 2004 120.55 346.25
14 October 2004 119.80 351.49
15 October 2004 121.10 348.37
18 October 2004 120.98 350.98
19 October 2004 120.09 351.52
20 October 2004 122.57 358.95
21 October 2004 122.31 356.18
22 October 2004 122.26 354.75
25 October 2004 123.34 354.71
26 October 2004 121.16 350.97
27 October 2004 120.74 339.02
28 October 2004 120.59 337.70
29 October 2004 118.15 337.00
1 November 2004 118.55 329.70
2 November 2004 118.60 327.85
3 November 2004 116.67 324.23
4 November 2004 115.64 320.59
5 November 2004 114.48 310.71
8 November 2004 115.00 310.28
9 November 2004 115.36 310.83
10 November 2004 114.92 310.43
12 November 2004 113.92 314.22
15 November 2004 112.63 313.32
16 November 2004 112.17 315.38
17 November 2004 112.83 319.19
18 November 2004 112.23 318.61
19 November 2004 110.65 310.36
22 November 2004 110.52 313.71
23 November 2004 110.68 312.23
24 November 2004 110.72 ND
26 November 2004 110.12 306.78
29 November 2004 109.83 300.53
30 November 2004 109.65 300.57
1 December 2004 110.15 299.87
2 December 2004 109.31 298.62
3 December 2004 108.56 307.18
6 December 2004 108.46 308.96
7 December 2004 107.80 307.97
8 December 2004 107.00 315.53
9 December 2004 106.73 311.47
10 December 2004 107.45 312.96
13 December 2004 107.09 312.61
14 December 2004 106.60 314.84
15 December 2004 107.05 318.22
16 December 2004 107.20 307.70
17 December 2004 105.87 308.33
20 December 2004 105.24 308.43
21 December 2004 104.68 309.72
22 December 2004 105.20 306.94
23 December 2004 105.45 306.34
27 December 2004 104.68 299.24
28 December 2004 104.58 300.09
29 December 2004 104.66 297.05
30 December 2004 104.52 302.09
31 December 2004 105.42 305.90
3 January 2005 105.13 304.76
4 January 2005 104.11 297.09
5 January 2005 104.54 300.67
6 January 2005 105.81 301.93
7 January 2005 106.07 302.15
10 January 2005 106.02 304.73
11 January 2005 106.61 310.92
12 January 2005 107.00 312.86
13 January 2005 107.15 317.22
14 January 2005 107.75 316.65
18 January 2005 107.34 321.24
19 January 2005 107.58 320.44
20 January 2005 107.99 324.59
21 January 2005 107.89 326.64
24 January 2005 108.49 328.82
25 January 2005 107.67 321.08
26 January 2005 106.74 321.55
27 January 2005 106.46 318.42
28 January 2005 106.21 322.92
31 January 2005 105.85 322.80
1 February 2005 105.27 320.20
2 February 2005 103.96 317.43
3 February 2005 104.53 312.18
4 February 2005 102.61 318.59
7 February 2005 102.70 318.51
8 February 2005 103.24 317.88
9 February 2005 102.60 321.96
10 February 2005 103.27 315.13
11 February 2005 103.05 311.09
14 February 2005 101.90 311.52
15 February 2005 102.72 306.60
16 February 2005 102.74 300.41
17 February 2005 101.37 298.61
18 February 2005 100.46 293.01
22 February 2005 101.63 292.16
23 February 2005 100.98 293.09
24 February 2005 99.88 291.06
25 February 2005 100.10 290.42
28 February 2005 99.94 281.73
1 March 2005 98.96 281.17
2 March 2005 99.59 281.46
3 March 2005 98.61 281.34
4 March 2005 97.47 286.08
7 March 2005 98.10 285.46
8 March 2005 98.18 278.78
9 March 2005 97.46 268.52
10 March 2005 97.45 276.23
11 March 2005 97.67 270.14
14 March 2005 98.57 275.97
15 March 2005 98.79 274.37
16 March 2005 101.64 283.89
17 March 2005 104.07 295.76
18 March 2005 102.92 289.70
21 March 2005 104.25 295.17
22 March 2005 105.13 294.66
23 March 2005 108.58 304.14
24 March 2005 107.71 304.03
28 March 2005 109.30 304.38
29 March 2005 111.24 312.90
30 March 2005 113.51 321.77
31 March 2005 114.30 330.94
1 April 2005 115.30 334.25
4 April 2005 116.45 335.37
5 April 2005 116.20 329.88
6 April 2005 115.03 327.21
7 April 2005 113.50 319.42
8 April 2005 114.29 320.14
11 April 2005 115.53 325.88
12 April 2005 114.26 334.96
13 April 2005 115.83 336.18
14 April 2005 118.91 345.22
15 April 2005 120.75 359.74
18 April 2005 122.56 364.88
19 April 2005 121.89 367.22
20 April 2005 121.60 362.58
21 April 2005 119.91 352.26
22 April 2005 119.87 355.93
25 April 2005 120.09 358.56
26 April 2005 119.42 360.98
27 April 2005 120.55 370.38
28 April 2005 121.18 378.58
29 April 2005 123.85 382.31
2 May 2005 124.45 385.30
3 May 2005 125.93 387.29
4 May 2005 124.64 380.72
5 May 2005 120.06 392.56
6 May 2005 122.43 388.81
9 May 2005 122.00 387.59
10 May 2005 122.62 394.41
11 May 2005 123.78 405.66
12 May 2005 124.63 406.65
13 May 2005 127.44 415.43
16 May 2005 127.10 427.25
17 May 2005 129.47 434.45
18 May 2005 129.87 433.31
19 May 2005 128.69 421.91
20 May 2005 127.70 416.95
23 May 2005 126.97 414.79
24 May 2005 127.65 415.79
25 May 2005 125.68 404.35
26 May 2005 123.95 397.31
27 May 2005 122.57 391.94
31 May 2005 123.67 398.07
1 June 2005 123.57 399.30
2 June 2005 120.95 390.46
3 June 2005 120.38 380.01
6 June 2005 120.06 388.31
7 June 2005 120.00 390.58
8 June 2005 120.62 389.09
9 June 2005 122.72 392.44
10 June 2005 122.93 383.65
13 June 2005 122.49 380.07
14 June 2005 123.12 374.46
15 June 2005 122.34 372.59
16 June 2005 122.39 377.82
17 June 2005 122.59 377.54
20 June 2005 122.60 377.27
21 June 2005 123.13 379.44
22 June 2005 124.29 387.74
23 June 2005 124.47 387.43
24 June 2005 125.00 392.92
27 June 2005 125.21 395.67
28 June 2005 124.80 385.65
29 June 2005 124.87 382.17
30 June 2005 125.43 383.37
1 July 2005 123.44 372.61
5 July 2005 123.34 368.95
6 July 2005 124.58 373.40
7 July 2005 123.55 375.22
8 July 2005 124.16 366.89
11 July 2005 122.12 362.61
12 July 2005 121.39 355.56
13 July 2005 121.48 352.07
14 July 2005 119.86 346.93
15 July 2005 119.95 346.69
18 July 2005 119.80 343.72
19 July 2005 118.89 346.16
20 July 2005 118.87 350.57
21 July 2005 118.51 339.67
22 July 2005 118.18 339.74
25 July 2005 118.49 341.99
26 July 2005 117.84 341.81
27 July 2005 117.02 337.76
28 July 2005 116.71 342.48
29 July 2005 115.90 334.29
1 August 2005 114.85 331.55
2 August 2005 115.10 330.34
3 August 2005 115.88 336.45
4 August 2005 115.71 333.47
5 August 2005 116.25 331.83
8 August 2005 116.68 332.96
9 August 2005 116.24 333.51
10 August 2005 117.48 332.69
11 August 2005 118.21 337.99
12 August 2005 118.76 343.49
15 August 2005 116.98 341.29
16 August 2005 118.47 348.64
17 August 2005 118.73 344.30
18 August 2005 118.97 349.13
19 August 2005 118.23 347.72
22 August 2005 117.66 346.85
23 August 2005 117.25 347.42
24 August 2005 114.69 347.11
25 August 2005 113.63 347.65
26 August 2005 115.12 346.13
29 August 2005 114.01 347.59
30 August 2005 110.71 352.00
31 August 2005 119.15 367.29
1 September 2005 120.20 368.67
2 September 2005 120.41 369.66
6 September 2005 120.75 363.38
7 September 2005 120.02 359.68
8 September 2005 121.14 359.44
9 September 2005 121.60 361.57
12 September 2005 120.84 356.48
13 September 2005 121.56 358.69
14 September 2005 121.35 356.39
15 September 2005 121.97 351.41
16 September 2005 121.34 349.13
19 September 2005 122.24 355.58
20 September 2005 121.31 359.09
21 September 2005 122.83 367.84
22 September 2005 123.28 371.57
23 September 2005 123.29 363.45
26 September 2005 122.27 357.15
27 September 2005 122.58 358.53
28 September 2005 122.38 363.24
29 September 2005 121.98 360.54
30 September 2005 121.02 359.88
3 October 2005 122.45 352.83
4 October 2005 121.76 360.09
5 October 2005 122.28 362.77
6 October 2005 122.57 364.74
7 October 2005 123.45 368.53
11 October 2005 123.02 371.68
12 October 2005 125.47 373.60
13 October 2005 127.35 377.33
14 October 2005 128.25 373.40
17 October 2005 126.64 364.87
18 October 2005 125.93 359.74
19 October 2005 127.02 363.09
20 October 2005 126.89 362.08
21 October 2005 127.63 366.56
24 October 2005 127.15 360.67
25 October 2005 125.22 354.06
26 October 2005 127.68 355.66
27 October 2005 128.22 362.75
28 October 2005 128.10 364.23
31 October 2005 128.38 365.94
1 November 2005 128.73 363.58
2 November 2005 128.66 359.10
3 November 2005 126.81 352.21
4 November 2005 126.20 351.26
7 November 2005 125.72 354.60
8 November 2005 126.12 358.74
9 November 2005 126.19 354.56
10 November 2005 126.75 362.05
14 November 2005 126.21 362.70
15 November 2005 126.26 369.44
16 November 2005 127.99 377.56
17 November 2005 128.69 381.80
18 November 2005 130.05 382.23
21 November 2005 129.45 382.43
22 November 2005 129.94 384.33
23 November 2005 129.70 379.98
25 November 2005 129.56 383.27
28 November 2005 129.30 383.16
29 November 2005 129.05 372.67
30 November 2005 128.42 371.33
1 December 2005 128.89 369.98
2 December 2005 129.42 368.98
5 December 2005 130.10 368.84
6 December 2005 131.78 376.58
7 December 2005 131.22 373.71
8 December 2005 132.38 378.33
9 December 2005 132.39 369.64
12 December 2005 131.58 366.37
13 December 2005 131.17 367.35
14 December 2005 131.78 375.32
15 December 2005 131.55 373.06
16 December 2005 131.87 375.46
19 December 2005 131.88 375.94
20 December 2005 132.53 376.77
21 December 2005 132.48 369.16
22 December 2005 133.32 373.70
23 December 2005 133.34 379.44
27 December 2005 133.47 383.52
28 December 2005 133.35 380.73
29 December 2005 134.59 383.57
30 December 2005 134.41 382.52
3 January 2006 133.22 381.15
4 January 2006 133.92 379.91
5 January 2006 133.24 376.48
6 January 2006 133.26 370.91
9 January 2006 132.88 367.87
10 January 2006 133.38 365.15
11 January 2006 133.24 363.41
12 January 2006 132.46 367.80
13 January 2006 133.52 377.77
17 January 2006 133.50 382.24
18 January 2006 133.73 380.67
19 January 2006 133.75 375.55
20 January 2006 132.82 377.52
23 January 2006 133.04 376.43
24 January 2006 132.54 371.09
25 January 2006 131.42 360.42
26 January 2006 131.58 359.22
27 January 2006 129.16 357.55
30 January 2006 130.56 354.60
31 January 2006 130.23 354.40
1 February 2006 130.26 349.86
2 February 2006 129.92 349.90
3 February 2006 130.57 353.42
6 February 2006 131.09 356.25
7 February 2006 130.77 355.07
8 February 2006 131.11 353.74
9 February 2006 130.39 356.84
10 February 2006 129.75 353.13
13 February 2006 129.51 354.18
14 February 2006 129.22 351.96
15 February 2006 129.18 350.33
16 February 2006 128.98 349.89
17 February 2006 128.77 352.86
21 February 2006 128.29 350.26
22 February 2006 128.60 351.87
23 February 2006 127.75 348.33
24 February 2006 126.11 346.04
27 February 2006 126.02 344.70
28 February 2006 126.25 345.66
1 March 2006 127.17 344.46
2 March 2006 126.66 340.92
3 March 2006 127.11 339.80
6 March 2006 126.62 333.37
7 March 2006 127.08 335.81
8 March 2006 127.95 339.54
9 March 2006 127.54 338.73
10 March 2006 127.75 337.30
13 March 2006 128.73 335.55
14 March 2006 128.12 340.33
15 March 2006 129.07 337.54
16 March 2006 128.66 341.59
17 March 2006 127.38 341.87
20 March 2006 127.83 338.64
21 March 2006 128.11 331.56
22 March 2006 128.14 332.56
23 March 2006 128.35 329.38
24 March 2006 129.69 334.10
27 March 2006 128.95 330.25
28 March 2006 128.82 324.18
29 March 2006 129.06 324.33
30 March 2006 129.30 321.44
31 March 2006 129.17 322.61
3 April 2006 129.62 319.76
4 April 2006 129.68 322.02
5 April 2006 129.54 322.26
6 April 2006 130.34 320.05
7 April 2006 130.32 316.44
10 April 2006 130.31 318.61
11 April 2006 130.65 320.44
12 April 2006 130.91 317.29
13 April 2006 129.86 313.75
17 April 2006 130.66 317.43
18 April 2006 130.31 318.62
19 April 2006 130.12 314.14
20 April 2006 129.97 312.93
21 April 2006 129.98 315.07
24 April 2006 129.32 316.14
25 April 2006 128.73 309.24
26 April 2006 128.12 308.36
27 April 2006 128.44 310.33
28 April 2006 128.03 309.78
1 May 2006 126.63 304.45
2 May 2006 126.15 305.34
3 May 2006 125.75 303.16
4 May 2006 125.94 301.77
5 May 2006 125.39 304.29
8 May 2006 125.64 303.89
9 May 2006 125.95 303.37
10 May 2006 126.49 303.03
11 May 2006 126.06 300.40
12 May 2006 127.13 299.29
15 May 2006 126.45 304.82
16 May 2006 128.08 311.18
17 May 2006 127.96 311.98
18 May 2006 130.57 320.76
19 May 2006 130.63 321.65
22 May 2006 130.90 326.69
23 May 2006 131.30 324.60
24 May 2006 132.79 330.47
25 May 2006 132.15 326.09
26 May 2006 131.31 325.22
30 May 2006 132.88 323.91
31 May 2006 134.27 322.03
1 June 2006 134.52 323.68
2 June 2006 135.14 331.35
5 June 2006 135.34 331.11
6 June 2006 136.97 335.60
7 June 2006 137.10 334.16
8 June 2006 137.76 338.62
9 June 2006 138.67 340.37
12 June 2006 139.01 339.07
13 June 2006 139.28 345.01
14 June 2006 141.18 344.51
15 June 2006 141.83 342.86
16 June 2006 141.78 339.55
19 June 2006 142.52 339.20
20 June 2006 143.52 341.57
21 June 2006 143.95 347.87
22 June 2006 144.37 345.61
23 June 2006 144.79 344.09
26 June 2006 144.86 345.60
27 June 2006 146.06 348.72
28 June 2006 145.94 346.36
29 June 2006 145.21 345.42
30 June 2006 143.90 344.30
3 July 2006 146.51 346.12
5 July 2006 146.29 340.94
6 July 2006 145.71 344.78
7 July 2006 145.60 346.88
10 July 2006 145.80 346.22
11 July 2006 145.66 348.28
12 July 2006 145.96 349.15
13 July 2006 146.30 354.70
14 July 2006 147.40 357.53
17 July 2006 147.92 359.19
18 July 2006 147.54 354.24
19 July 2006 147.92 357.64
20 July 2006 147.86 360.15
21 July 2006 147.45 357.76
24 July 2006 147.23 360.57
25 July 2006 147.95 359.13
26 July 2006 147.66 359.71
27 July 2006 146.24 357.24
28 July 2006 146.51 361.24
31 July 2006 146.70 363.87
1 August 2006 146.65 363.93
2 August 2006 147.33 363.78
3 August 2006 146.36 364.42
4 August 2006 147.21 367.47
7 August 2006 147.72 365.10
8 August 2006 147.62 365.03
9 August 2006 147.40 363.52
10 August 2006 147.82 365.13
11 August 2006 147.25 361.43
14 August 2006 146.31 359.26
15 August 2006 145.89 363.58
16 August 2006 146.99 366.75
17 August 2006 146.70 364.45
18 August 2006 146.82 368.40
21 August 2006 146.74 368.65
22 August 2006 146.49 368.82
23 August 2006 146.91 367.93
24 August 2006 146.76 369.00
25 August 2006 146.91 370.18
28 August 2006 147.34 369.52
29 August 2006 147.03 370.06
30 August 2006 146.83 371.09
31 August 2006 146.46 376.35
1 September 2006 146.56 376.10
5 September 2006 146.14 369.92
6 September 2006 145.92 367.02
7 September 2006 146.48 368.88
8 September 2006 145.64 368.98
11 September 2006 146.27 366.43
12 September 2006 146.35 367.82
13 September 2006 147.09 365.16
14 September 2006 146.50 361.85
15 September 2006 145.94 360.34
18 September 2006 145.77 359.52
19 September 2006 147.01 367.46
20 September 2006 146.30 366.95
21 September 2006 147.50 375.49
22 September 2006 147.73 380.45
25 September 2006 148.50 384.27
26 September 2006 148.18 381.03
27 September 2006 147.90 377.44
28 September 2006 149.21 375.79
29 September 2006 148.30 373.50
2 October 2006 148.36 374.73
3 October 2006 148.11 368.72
4 October 2006 148.25 378.02
5 October 2006 148.00 372.56
6 October 2006 147.88 364.75
10 October 2006 147.42 360.22
11 October 2006 148.19 356.55
12 October 2006 147.49 355.01
13 October 2006 147.33 351.49
16 October 2006 146.83 353.05
17 October 2006 147.14 354.13
18 October 2006 145.80 353.84
19 October 2006 145.25 352.00
20 October 2006 144.72 351.99
23 October 2006 144.68 349.06
24 October 2006 144.07 349.22
25 October 2006 144.88 354.80
26 October 2006 143.28 357.22
27 October 2006 143.50 359.44
30 October 2006 143.31 358.84
31 October 2006 143.40 368.52
1 November 2006 143.06 370.96
2 November 2006 142.12 365.64
3 November 2006 140.76 353.29
6 November 2006 140.67 355.65
7 November 2006 140.17 357.64
8 November 2006 139.70 358.97
9 November 2006 139.43 356.48
10 November 2006 139.43 359.34
13 November 2006 138.64 356.53
14 November 2006 139.77 359.53
15 November 2006 140.64 354.85
16 November 2006 139.71 348.44
17 November 2006 139.64 356.55
20 November 2006 140.12 357.83
21 November 2006 140.24 361.16
22 November 2006 140.85 363.58
24 November 2006 140.19 364.65
27 November 2006 141.05 366.40
28 November 2006 140.75 371.48
29 November 2006 140.23 366.79
30 November 2006 141.18 375.05
1 December 2006 141.52 376.76
4 December 2006 141.40 375.87
5 December 2006 140.92 370.89
6 December 2006 140.22 364.83
7 December 2006 139.59 363.41
8 December 2006 139.00 356.95
11 December 2006 139.65 360.41
12 December 2006 140.94 364.64
13 December 2006 139.95 356.79
14 December 2006 140.28 356.88
15 December 2006 140.38 354.81
18 December 2006 139.96 355.66
19 December 2006 140.31 354.51
20 December 2006 139.82 353.86
21 December 2006 139.86 357.75
22 December 2006 139.57 350.98
26 December 2006 139.37 352.40
27 December 2006 139.65 347.97
28 December 2006 138.91 343.69
29 December 2006 138.97 341.91
2 January 2007 140.24 350.90
3 January 2007 138.84 350.34
4 January 2007 138.68 355.16
5 January 2007 138.04 354.21
8 January 2007 138.15 352.96
9 January 2007 138.32 351.92
10 January 2007 137.65 349.34
11 January 2007 137.97 343.89
12 January 2007 137.64 340.30
16 January 2007 137.30 340.60
17 January 2007 137.00 335.47
18 January 2007 136.17 337.83
19 January 2007 135.12 333.42
22 January 2007 136.30 334.08
23 January 2007 134.71 328.80
24 January 2007 134.83 326.57
25 January 2007 134.49 320.44
26 January 2007 134.01 320.69
29 January 2007 134.05 319.53
30 January 2007 134.77 324.30
31 January 2007 134.80 331.22
1 February 2007 134.53 326.55
2 February 2007 133.64 326.79
5 February 2007 133.04 327.30
6 February 2007 133.66 328.90
7 February 2007 132.62 326.62
8 February 2007 132.47 327.92
9 February 2007 131.84 321.43
12 February 2007 131.38 321.46
13 February 2007 131.13 319.57
14 February 2007 131.53 324.43
15 February 2007 131.11 323.64
16 February 2007 130.18 322.19
20 February 2007 129.79 322.68
21 February 2007 129.45 320.14
22 February 2007 128.88 314.46
23 February 2007 128.21 319.14
26 February 2007 128.81 323.79
27 February 2007 132.72 341.92
28 February 2007 130.72 339.30
1 March 2007 131.40 343.08
2 March 2007 132.83 350.75
5 March 2007 135.59 356.70
6 March 2007 134.96 351.96
7 March 2007 135.41 350.26
8 March 2007 134.62 344.97
9 March 2007 134.40 337.31
12 March 2007 134.37 341.63
13 March 2007 135.74 350.80
14 March 2007 136.11 351.39
15 March 2007 136.75 348.21
16 March 2007 137.01 348.41
19 March 2007 136.83 345.54
20 March 2007 137.86 347.63
21 March 2007 137.77 347.93
22 March 2007 137.47 339.86
23 March 2007 137.56 337.23
26 March 2007 137.28 339.67
27 March 2007 138.17 338.53
28 March 2007 139.01 340.41
29 March 2007 138.69 338.03
30 March 2007 138.93 336.33
2 April 2007 139.19 336.27
3 April 2007 139.28 333.93
4 April 2007 140.16 338.09
5 April 2007 139.58 332.92
9 April 2007 139.09 326.72
10 April 2007 138.60 327.47
11 April 2007 138.67 325.79
12 April 2007 138.44 325.77
13 April 2007 138.19 322.72
16 April 2007 137.95 322.93
17 April 2007 138.04 325.29
18 April 2007 137.74 328.04
19 April 2007 137.64 324.60
20 April 2007 137.31 321.47
23 April 2007 137.59 323.41
24 April 2007 137.97 324.66
25 April 2007 137.64 321.00
26 April 2007 137.32 316.81
27 April 2007 137.70 317.01
30 April 2007 137.84 325.83
1 May 2007 138.16 325.87
2 May 2007 137.65 324.16
3 May 2007 137.42 321.34
4 May 2007 138.06 324.55
7 May 2007 137.56 324.04
8 May 2007 137.02 324.34
9 May 2007 137.27 319.88
10 May 2007 136.96 320.78
11 May 2007 136.48 318.60
14 May 2007 135.96 316.25
15 May 2007 135.70 313.67
16 May 2007 136.12 313.92
17 May 2007 135.30 309.22
18 May 2007 135.53 305.84
21 May 2007 135.60 305.59
22 May 2007 134.73 300.87
23 May 2007 134.46 297.89
24 May 2007 134.90 299.00
25 May 2007 134.79 299.18
29 May 2007 135.49 298.31
30 May 2007 135.31 299.51
31 May 2007 136.18 296.45
1 June 2007 136.03 291.65
4 June 2007 135.74 296.76
5 June 2007 136.07 291.14
6 June 2007 136.72 296.78
7 June 2007 137.71 292.89
8 June 2007 138.75 295.65
11 June 2007 138.68 293.76
12 June 2007 137.62 289.89
13 June 2007 139.22 296.60
14 June 2007 137.38 293.19
15 June 2007 138.06 296.90
18 June 2007 137.24 296.47
19 June 2007 138.03 305.39
20 June 2007 136.89 301.83
21 June 2007 138.70 306.39
22 June 2007 139.38 309.81
25 June 2007 139.62 321.14
26 June 2007 140.54 319.52
27 June 2007 140.50 328.00
28 June 2007 141.52 324.22
29 June 2007 142.38 332.44
2 July 2007 142.20 340.20
3 July 2007 141.33 334.24
5 July 2007 142.14 326.70
6 July 2007 142.25 322.96
9 July 2007 142.09 327.15
10 July 2007 143.43 345.51
11 July 2007 143.17 345.98
12 July 2007 143.26 339.45
13 July 2007 143.97 337.73
16 July 2007 143.65 340.47
17 July 2007 144.16 339.62
18 July 2007 145.08 353.99
19 July 2007 145.75 350.94
20 July 2007 148.84 366.33
23 July 2007 149.91 374.37
24 July 2007 152.29 391.03
25 July 2007 153.14 396.53
26 July 2007 166.93 434.41
27 July 2007 171.51 441.62
30 July 2007 172.99 438.68
31 July 2007 172.70 433.08
1 August 2007 172.43 439.62
2 August 2007 170.59 431.68
3 August 2007 170.97 434.56
6 August 2007 174.37 438.31
7 August 2007 170.68 427.86
8 August 2007 169.62 404.42
9 August 2007 169.21 410.23
10 August 2007 168.41 414.16
13 August 2007 169.55 412.55
14 August 2007 171.26 417.37
15 August 2007 175.04 425.00
16 August 2007 177.83 444.84
17 August 2007 178.76 434.54
20 August 2007 179.38 434.93
21 August 2007 181.29 436.18
22 August 2007 181.31 429.42
23 August 2007 179.96 427.17
24 August 2007 180.50 426.50
27 August 2007 179.54 427.45
28 August 2007 180.65 433.95
29 August 2007 180.37 432.56
30 August 2007 182.44 437.91
31 August 2007 180.24 436.07
4 September 2007 179.45 433.34
5 September 2007 179.40 439.08
6 September 2007 180.65 433.91
7 September 2007 183.51 448.46
10 September 2007 186.00 453.75
11 September 2007 186.69 449.83
12 September 2007 187.52 446.25
13 September 2007 187.21 439.02
14 September 2007 187.66 439.70
17 September 2007 188.02 436.87
18 September 2007 186.46 429.08
19 September 2007 185.45 416.00
20 September 2007 182.41 403.90
21 September 2007 181.44 401.23
24 September 2007 179.96 397.31
25 September 2007 180.25 400.56
26 September 2007 179.61 397.52
27 September 2007 179.25 401.56
28 September 2007 178.97 402.35
1 October 2007 178.59 404.79
2 October 2007 178.76 404.79
3 October 2007 176.97 398.72
4 October 2007 176.33 402.91
5 October 2007 174.28 389.36
9 October 2007 172.47 383.55
10 October 2007 171.36 381.50
11 October 2007 169.84 377.31
12 October 2007 167.92 373.35
15 October 2007 167.18 373.58
16 October 2007 168.72 380.85
17 October 2007 168.54 391.86
18 October 2007 169.78 400.00
19 October 2007 172.30 416.61
22 October 2007 172.91 418.57
23 October 2007 173.24 414.97
24 October 2007 172.63 421.08
25 October 2007 174.93 420.03
26 October 2007 174.15 417.20
29 October 2007 174.90 418.52
30 October 2007 174.91 416.65
31 October 2007 178.51 417.05
1 November 2007 180.32 431.71
2 November 2007 181.36 439.49
5 November 2007 182.22 438.93
6 November 2007 183.09 434.52
7 November 2007 185.61 440.04
8 November 2007 188.37 449.27
9 November 2007 190.52 459.15
13 November 2007 193.37 460.56
14 November 2007 193.64 458.07
15 November 2007 197.14 473.78
16 November 2007 198.64 480.17
19 November 2007 202.12 497.19
20 November 2007 203.98 502.15
21 November 2007 204.57 513.80
23 November 2007 205.42 514.44
26 November 2007 208.40 529.17
27 November 2007 208.64 523.41
28 November 2007 210.36 510.03
29 November 2007 213.08 513.33
30 November 2007 212.09 511.95
3 December 2007 213.86 518.85
4 December 2007 215.52 522.21
5 December 2007 218.93 516.32
6 December 2007 221.19 507.40
7 December 2007 221.62 495.42
10 December 2007 221.73 489.59
11 December 2007 222.91 499.74
12 December 2007 224.31 497.78
13 December 2007 221.92 490.87
14 December 2007 221.80 485.65
17 December 2007 222.05 490.60
18 December 2007 219.77 494.72
19 December 2007 222.03 504.88
20 December 2007 219.06 507.31
21 December 2007 220.20 495.69
24 December 2007 218.65 491.55
26 December 2007 218.83 484.54
27 December 2007 219.12 491.58
28 December 2007 219.30 500.08
31 December 2007 220.10 520.89
2 January 2008 219.78 533.33
3 January 2008 224.44 541.09
4 January 2008 227.69 552.59
7 January 2008 229.45 558.83
8 January 2008 231.16 561.66
9 January 2008 235.34 578.43
10 January 2008 235.94 568.36
11 January 2008 239.11 576.18
14 January 2008 239.52 576.44
15 January 2008 241.87 586.60
16 January 2008 240.43 592.10
17 January 2008 245.32 607.63
18 January 2008 247.88 613.34
22 January 2008 251.67 633.65
23 January 2008 248.87 635.57
24 January 2008 244.40 611.23
25 January 2008 252.44 610.10
28 January 2008 252.35 609.10
29 January 2008 251.38 597.22
30 January 2008 250.99 588.16
31 January 2008 253.81 594.44
1 February 2008 254.15 595.80
4 February 2008 255.21 592.45
5 February 2008 255.61 602.94
6 February 2008 255.81 604.22
7 February 2008 256.02 599.33
8 February 2008 259.66 616.73
11 February 2008 261.06 628.81
12 February 2008 264.09 628.06
13 February 2008 262.56 621.11
14 February 2008 261.94 607.27
15 February 2008 266.98 617.20
19 February 2008 265.86 608.64
20 February 2008 266.25 610.30
21 February 2008 270.19 619.59
22 February 2008 271.38 616.98
25 February 2008 269.96 600.33
26 February 2008 270.52 594.98
27 February 2008 271.41 596.23
28 February 2008 273.59 609.40
29 February 2008 274.74 637.56
3 March 2008 276.02 639.23
4 March 2008 272.77 630.38
5 March 2008 278.93 626.15
6 March 2008 285.89 635.39
7 March 2008 287.49 645.06
10 March 2008 290.40 656.42
11 March 2008 292.75 646.19
12 March 2008 295.06 659.77
13 March 2008 295.95 661.63
14 March 2008 299.18 676.43
17 March 2008 303.11 696.34
18 March 2008 304.85 678.85
19 March 2008 306.70 678.83
20 March 2008 308.61 687.09
24 March 2008 305.37 657.24
25 March 2008 305.92 654.38
26 March 2008 304.49 653.58
27 March 2008 304.14 647.51
28 March 2008 305.57 653.13
31 March 2008 303.67 666.69
1 April 2008 303.11 650.76
2 April 2008 302.11 645.78
3 April 2008 301.90 648.99
4 April 2008 301.08 645.38
7 April 2008 298.18 629.21
8 April 2008 295.74 627.65
9 April 2008 295.66 636.92
10 April 2008 297.08 634.82
11 April 2008 297.45 638.77
14 April 2008 296.65 637.22
15 April 2008 297.02 628.95
16 April 2008 297.53 611.20
17 April 2008 295.68 611.87
18 April 2008 290.63 596.47
21 April 2008 289.18 598.56
22 April 2008 288.19 595.88
23 April 2008 284.52 590.65
24 April 2008 283.10 579.85
25 April 2008 280.52 571.91
28 April 2008 279.61 574.27
29 April 2008 278.11 575.82
30 April 2008 274.85 574.41
1 May 2008 270.60 565.24
2 May 2008 264.47 553.51
5 May 2008 279.61 554.65
6 May 2008 264.61 555.34
7 May 2008 266.43 560.24
8 May 2008 267.85 569.55
9 May 2008 266.21 573.85
12 May 2008 266.67 575.74
13 May 2008 267.77 565.45
14 May 2008 268.10 560.51
15 May 2008 269.50 564.23
16 May 2008 265.38 560.78
19 May 2008 266.88 563.29
20 May 2008 267.23 568.72
21 May 2008 268.81 568.31
22 May 2008 269.05 563.02
23 May 2008 268.67 571.97
27 May 2008 268.97 565.41
28 May 2008 266.01 556.95
29 May 2008 267.18 554.41
30 May 2008 265.01 555.90
2 June 2008 262.60 560.08
3 June 2008 260.93 571.25
4 June 2008 259.97 565.93
5 June 2008 258.64 550.47
6 June 2008 261.05 561.67
9 June 2008 258.58 555.97
10 June 2008 260.97 551.89
11 June 2008 260.55 554.89
12 June 2008 260.16 545.16
13 June 2008 260.05 541.04
16 June 2008 261.22 544.38
17 June 2008 261.95 545.92
18 June 2008 263.99 553.86
19 June 2008 262.10 551.62
20 June 2008 264.81 563.31
23 June 2008 264.98 564.54
24 June 2008 270.46 583.34
25 June 2008 269.72 582.02
26 June 2008 273.86 599.04
27 June 2008 279.64 608.50
30 June 2008 281.28 605.04
1 July 2008 282.45 610.16
2 July 2008 281.43 614.25
3 July 2008 284.04 621.36
7 July 2008 283.44 623.41
8 July 2008 286.06 633.92
9 July 2008 289.49 635.91
10 July 2008 289.97 640.06
11 July 2008 291.49 637.32
14 July 2008 291.50 641.24
15 July 2008 295.06 650.00
16 July 2008 294.42 641.95
17 July 2008 294.91 621.65
18 July 2008 294.97 613.34
21 July 2008 295.47 607.73
22 July 2008 293.89 613.38
23 July 2008 295.71 606.13
24 July 2008 296.59 619.61
25 July 2008 294.93 611.90
28 July 2008 294.40 622.16
29 July 2008 294.03 618.97
30 July 2008 297.86 621.41
31 July 2008 301.36 637.61
1 August 2008 300.26 639.88
4 August 2008 301.39 641.46
5 August 2008 300.75 636.04
6 August 2008 302.74 633.74
7 August 2008 304.42 646.12
8 August 2008 304.24 646.00
11 August 2008 305.02 639.12
12 August 2008 306.03 643.92
13 August 2008 305.18 638.54
14 August 2008 306.33 645.14
15 August 2008 307.82 646.51
18 August 2008 308.19 650.91
19 August 2008 309.28 653.06
20 August 2008 312.67 659.96
21 August 2008 312.93 657.47
22 August 2008 313.13 655.07
25 August 2008 315.57 663.97
26 August 2008 315.99 663.69
27 August 2008 317.10 665.49
28 August 2008 317.75 662.37
29 August 2008 315.06 655.16
2 September 2008 315.96 678.53
3 September 2008 315.96 670.84
4 September 2008 318.83 677.57
5 September 2008 319.22 676.80
8 September 2008 320.73 673.98
9 September 2008 320.74 676.77
10 September 2008 324.68 678.44
11 September 2008 328.35 681.33
12 September 2008 329.28 672.87
15 September 2008 342.90 717.96
16 September 2008 351.81 732.28
17 September 2008 357.16 749.20
18 September 2008 352.64 748.05
19 September 2008 357.61 715.26
22 September 2008 355.47 711.77
23 September 2008 355.54 722.69
24 September 2008 353.22 740.76
25 September 2008 364.97 756.33
26 September 2008 369.30 705.81
29 September 2008 379.81 749.43
30 September 2008 384.95 764.11
1 October 2008 392.13 800.70
2 October 2008 400.35 988.24
3 October 2008 409.64 857.91
6 October 2008 410.84 846.05
7 October 2008 425.53 872.09
8 October 2008 435.01 908.30
9 October 2008 441.25 912.97
10 October 2008 481.18 1042.97
14 October 2008 483.70 1158.14
15 October 2008 491.57 1257.43
16 October 2008 499.78 1337.49
17 October 2008 511.61 1038.18
20 October 2008 519.59 1088.31
21 October 2008 514.86 1065.54
22 October 2008 516.23 1100.59
23 October 2008 515.18 1113.79
24 October 2008 524.83 1161.99
27 October 2008 533.16 1113.12
28 October 2008 533.72 1183.79
29 October 2008 542.68 1190.03
30 October 2008 541.23 1165.79
31 October 2008 540.95 1110.95
3 November 2008 535.60 1069.06
4 November 2008 536.94 1232.86
5 November 2008 541.11 1064.65
6 November 2008 539.04 1083.85
7 November 2008 536.30 1127.52
10 November 2008 535.50 1161.31
12 November 2008 535.34 1171.22
13 November 2008 535.59 1191.81
14 November 2008 544.83 1212.16
17 November 2008 553.79 1171.92
18 November 2008 568.35 1264.30
19 November 2008 578.29 1402.33
20 November 2008 595.61 1382.99
21 November 2008 603.28 1390.68
24 November 2008 611.54 1455.78
25 November 2008 616.53 1430.09
26 November 2008 619.40 1359.78
28 November 2008 620.41 1429.04
1 December 2008 615.80 1387.06
2 December 2008 623.96 1398.03
3 December 2008 632.95 1347.92
4 December 2008 637.98 1479.81
5 December 2008 636.41 1475.43
8 December 2008 639.80 1429.30
9 December 2008 645.46 1484.94
10 December 2008 644.56 1512.10
11 December 2008 650.14 1418.38

* Measured relative to an estimated off-the-run Treasury yield curve.  Return to table

Source. Merrill Lynch and Board staff estimates.


Figure: Fannie Mae 10-year debt and option-adjusted MBS spreads
Daily
Basis points
Date 10-year agency debt Option-adjusted MBS spread
2 January 2008 36.75 73.90
3 January 2008 39.80 75.30
4 January 2008 38.18 67.64
7 January 2008 39.27 69.36
8 January 2008 38.07 66.71
9 January 2008 43.31 74.24
10 January 2008 43.08 70.29
11 January 2008 42.22 73.72
14 January 2008 38.03 61.33
15 January 2008 38.80 54.64
16 January 2008 36.83 66.96
17 January 2008 41.38 65.59
18 January 2008 41.11 64.59
22 January 2008 40.61 68.20
23 January 2008 34.57 60.90
24 January 2008 40.40 69.53
25 January 2008 39.97 71.75
28 January 2008 39.42 69.70
29 January 2008 37.74 59.43
30 January 2008 38.05 70.80
31 January 2008 42.15 71.48
1 February 2008 42.27 73.59
4 February 2008 44.50 77.66
5 February 2008 46.03 74.27
6 February 2008 44.52 77.47
7 February 2008 45.59 93.47
8 February 2008 49.99 93.92
11 February 2008 48.12 94.98
12 February 2008 54.11 98.10
13 February 2008 50.64 102.72
14 February 2008 55.87 116.74
15 February 2008 63.23 124.94
19 February 2008 57.20 135.64
20 February 2008 63.49 134.19
21 February 2008 63.24 118.62
22 February 2008 64.93 132.46
25 February 2008 65.82 138.79
26 February 2008 60.78 140.18
27 February 2008 62.80 128.32
28 February 2008 60.78 118.67
29 February 2008 60.88 114.86
3 March 2008 60.03 128.80
4 March 2008 54.42 152.64
5 March 2008 65.11 159.16
6 March 2008 66.26 195.66
7 March 2008 77.39 182.41
10 March 2008 77.55 171.87
11 March 2008 77.92 162.49
12 March 2008 76.57 143.38
13 March 2008 78.37 143.28
14 March 2008 88.51 136.85
17 March 2008 85.27 109.47
18 March 2008 64.39 117.24
19 March 2008 55.54 106.70
20 March 2008 57.84 104.67
24 March 2008 59.49 113.64
25 March 2008 57.16 109.41
26 March 2008 57.27 107.30
27 March 2008 56.30 117.62
28 March 2008 59.21 121.34
31 March 2008 57.47 112.78
1 April 2008 56.12 127.10
2 April 2008 50.40 130.22
3 April 2008 50.99 129.34
4 April 2008 50.95 107.51
7 April 2008 51.07 107.19
8 April 2008 54.67 111.64
9 April 2008 54.48 108.65
10 April 2008 59.46 117.28
11 April 2008 59.45 109.29
14 April 2008 60.10 117.94
15 April 2008 59.39 127.01
16 April 2008 58.99 134.58
17 April 2008 59.62 127.39
18 April 2008 48.04 120.87
21 April 2008 45.82 108.97
22 April 2008 48.91 108.34
23 April 2008 44.94 101.94
24 April 2008 47.93 109.38
25 April 2008 47.44 105.84
28 April 2008 49.01 101.34
29 April 2008 48.98 101.17
30 April 2008 48.78 98.31
1 May 2008 46.80 103.99
2 May 2008 46.10 102.72
5 May 2008 49.77 97.49
6 May 2008 52.44 99.46
7 May 2008 55.00 97.48
8 May 2008 52.31 90.10
9 May 2008 53.11 97.95
12 May 2008 53.47 101.83
13 May 2008 55.34 112.52
14 May 2008 53.94 108.07
15 May 2008 53.76 91.75
16 May 2008 49.48 90.98
19 May 2008 50.94 91.65
20 May 2008 48.37 88.35
21 May 2008 49.73 94.14
22 May 2008 49.89 95.57
23 May 2008 49.19 98.62
27 May 2008 47.59 104.36
28 May 2008 46.71 105.29
29 May 2008 49.02 106.17
30 May 2008 47.42 108.57
2 June 2008 50.70 105.74
3 June 2008 50.67 105.50
4 June 2008 48.53 116.21
5 June 2008 52.86 120.82
6 June 2008 61.46 123.80
9 June 2008 60.83 120.22
10 June 2008 64.16 123.03
11 June 2008 62.46 122.00
12 June 2008 62.35 122.78
13 June 2008 60.24 121.78
16 June 2008 60.07 125.09
17 June 2008 61.09 124.79
18 June 2008 61.04 121.25
19 June 2008 56.90 116.67
20 June 2008 61.18 116.47
23 June 2008 65.61 123.32
24 June 2008 69.23 124.18
25 June 2008 70.03 126.64
26 June 2008 69.48 127.29
27 June 2008 73.99 130.90
30 June 2008 72.69 125.92
1 July 2008 73.54 128.78
2 July 2008 73.60 138.32
3 July 2008 74.37 146.59
7 July 2008 80.07 164.12
8 July 2008 83.90 152.26
9 July 2008 80.70 141.58
10 July 2008 83.30 135.18
11 July 2008 64.11 126.79
14 July 2008 61.79 117.89
15 July 2008 66.36 125.26
16 July 2008 68.83 132.07
17 July 2008 69.65 146.46
18 July 2008 66.10 154.70
21 July 2008 64.66 156.78
22 July 2008 63.40 162.59
23 July 2008 57.32 148.66
24 July 2008 52.54 146.66
25 July 2008 52.39 143.90
28 July 2008 53.81 146.45
29 July 2008 53.81 147.83
30 July 2008 55.60 148.13
31 July 2008 58.61 148.66
1 August 2008 65.93 158.13
4 August 2008 66.64 165.23
5 August 2008 64.73 166.60
6 August 2008 67.54 175.19
7 August 2008 75.15 180.70
8 August 2008 74.35 181.80
11 August 2008 74.14 173.70
12 August 2008 74.50 174.35
13 August 2008 65.49 175.82
14 August 2008 66.88 176.28
15 August 2008 68.03 178.91
18 August 2008 78.96 175.34
19 August 2008 96.24 170.90
20 August 2008 83.99 161.97
21 August 2008 66.38 160.92
22 August 2008 62.71 164.70
25 August 2008 64.36 162.55
26 August 2008 65.89 155.37
27 August 2008 66.45 152.14
28 August 2008 70.57 152.82
29 August 2008 69.44 150.50
2 September 2008 70.54 162.62
3 September 2008 69.69 158.46
4 September 2008 74.71 149.19
5 September 2008 73.98 152.16
8 September 2008 50.77 88.56
9 September 2008 51.33 91.94
10 September 2008 47.97 91.95
11 September 2008 47.47 ND
12 September 2008 42.59 97.92
15 September 2008 51.20 103.54
16 September 2008 61.33 100.46
17 September 2008 64.40 103.93
18 September 2008 55.60 91.27
19 September 2008 54.19 111.69
22 September 2008 52.94 107.04
23 September 2008 67.04 108.55
24 September 2008 66.15 95.16
25 September 2008 66.74 98.20
26 September 2008 65.26 103.54
29 September 2008 75.88 113.99
30 September 2008 73.52 120.25
1 October 2008 75.08 119.67
2 October 2008 78.84 124.81
3 October 2008 70.66 124.79
6 October 2008 74.72 115.73
7 October 2008 80.00 115.41
8 October 2008 66.84 107.72
9 October 2008 70.32 133.90
10 October 2008 64.92 144.98
14 October 2008 60.07 157.92
15 October 2008 83.13 144.77
16 October 2008 64.62 141.74
17 October 2008 67.25 137.43
20 October 2008 76.55 102.77
21 October 2008 60.21 103.01
22 October 2008 60.65 107.77
23 October 2008 48.47 110.76
24 October 2008 75.28 144.75
27 October 2008 83.76 163.41
28 October 2008 92.80 182.34
29 October 2008 82.14 103.01
30 October 2008 75.70 172.83
31 October 2008 85.39 172.75
3 November 2008 79.63 174.90
4 November 2008 77.58 148.11
5 November 2008 76.31 125.69
6 November 2008 83.22 126.80
7 November 2008 78.47 135.13
10 November 2008 76.07 145.64
12 November 2008 85.53 129.17
13 November 2008 87.53 126.22
14 November 2008 101.15 126.74
17 November 2008 109.61 127.86
18 November 2008 121.09 130.78
19 November 2008 128.41 144.57
20 November 2008 155.49 150.87
21 November 2008 136.37 136.61
24 November 2008 128.62 146.50
25 November 2008 89.85 102.63
26 November 2008 88.17 84.84
28 November 2008 86.71 113.77
1 December 2008 72.78 114.63
2 December 2008 58.99 129.48
3 December 2008 56.88 117.98
4 December 2008 61.94 92.95
5 December 2008 56.30 137.00
8 December 2008 57.97 105.94
9 December 2008 61.34 121.73
10 December 2008 60.05 81.90
11 December 2008 ND 66.91

Note. Spreads over Treasuries of comparable maturity.

Source. Bloomberg.

As shown in each figure, a vertical line marks the FOMC meeting on October 28-29, 2008.

Figure: Residential mortgage rates and spreads

A line chart shows two series, "FRM rate (left scale)", and "FRM spread (right scale)", from January 2007 through December 10, 2008. The left scale ranges from 5.0 to 8.0; unit is percent. The right scale ranges from 140 to 300; unit is basis points. Data is weekly. The October 2008, FOMC meeting is marked with a vertical tripwire. The "FRM rate" series begins at about 6.2 percent in January 2007, generally increases to about 6.75 percent by June 2007, and generally decreases to about 5.5 by January 2008. It generally increases to about 6.6 in July 2008, generally decreases to about 180 in November 2008, and generally increases to about 205, around the time of October 2008, FOMC meeting. The series generally decreases shortly after the meeting and ends at about 160 on December 10, 2008. The "FRM spread" series begins at about 150 basis points in January 2007, and generally increases to about 260, around the time of October 2008, FOMC meeting. It then decreases to about 230 in early November 2008, and generally increases to end at about 280 on December 10, 2008.

Note. FRM spread is relative to 10-year Treasury.

Source. Freddie Mac.

Figure: 2-year credit card ABS spreads over swaps

A line chart shows three series, "AAA", "A", and "BBB", from January 2007 through December 5, 2008. Data is weekly; unit is basis points. The October 2008, FOMC meeting is marked with a vertical tripwire. The "AAA" series begins at about 0 in January 2007, stays about the same through July 2007, and generally increases to about 375, around the time of October 2008, FOMC meeting. It then generally increases and ends at about 500 on December 5, 2008. The "A" series begins at about 0 in January 2007, stays about the same through July 2007, and generally increases to about 750, around the time of October 2008, FOMC meeting. It then generally increases and ends at about 1200 on December 5, 2008. The "BBB" series begins at about 0 in January 2007, stays about the same through July 2007, and generally increases to about 1050, around the time of October 2008, FOMC meeting. It then generally increases and ends at about 1500 on December 5, 2008.

Source. Citigroup.


Chart 5
International Financial Indicators

Figure: Ten-year government bond yields (nominal)

A line chart shows three series, "UK (left scale)", "Germany (left scale)", and "Japan (right scale)", from 2005 through December 11, 2008. The left scale ranges from 3.0 to 6.0 and the right scale ranges from 0.0 to 3.0. Data is daily; unit is percent. The October 2008, FOMC meeting is marked with a vertical tripwire. The UK series begins at about 4.55 percent in 2005:Q1, generally increases to about 4.9 shortly after, and generally decreases to about 4.0 by 2006:Q1. It generally increases to about 5.5 by mid-2007, generally decreases to about 4.25 in 2008:Q1, and generally increases to about 5.25 in 2008:Q2. The series generally decreases to about 4.5, around the time of October 2008, FOMC meeting and then decreases to end at about 3.4 on December 11, 2008. The Germany series begins at about 3.7 percent in 2005:Q1, generally increases to about 3.75 shortly after, and generally decreases to about 3.0 by 2005:Q3. It generally increases to about 4.65 by mid-2007, generally decreases to about 3.7 in 2008:Q1, and generally increases back to about 4.65 by mid-2008. The series generally decreases to about 0.75, around the time of October 2008, FOMC meeting and then decreases to end at about 0 on December 11, 2008. The Japan series begins at about 1.4 percent in 2005:Q1, generally decreases to about 1.2 by mid-2005, generally increases to about 2.0 in 2006:Q2, and generally decreases to about 1.25 by 2008:Q1. It generally increases to about 1.8 in 2008:Q2, and generally decreases to about 1.5, around the time of October 2008, FOMC meeting. The series then generally decreases and ends at about 1.3 on December 11, 2008.

Source. Bloomberg.

Figure: Stock price indexes: Industrial countries

A line chart shows three series, "UK (FTSE-350)", "Euro Area (DJ Euro)", and "Japan (Topix)", from 2005 through December 11, 2008. Data is daily; unit is an index (12/30/04=100). The October 2008, FOMC meeting is marked with a vertical tripwire. The UK series begins at about 100 in 2005:Q1, generally increases to about 145 by mid-2007, and generally decreases to about 4.5, around the time of October 2008, FOMC meeting. It then decreases to about 80 shortly after the meeting and ends at about 91 on December 11, 2008. The "Euro Area" series begins at about 100 percent in 2005:Q1, it generally increases to about 165 in 2007:Q2, and generally decreases to about 85, around the time of October 2008, FOMC meeting and then decreases about 75 shortly after the meeting. It then increases and ends at about 84 on December 11, 2008. The Japan series begins at about 100 percent in 2005:Q1, it generally increases to about 158 by 2007:Q1, and generally decreases to about 75 around the time of October 2008, FOMC meeting. It then generally decreases to about 69 in 2008:Q4, and ends at about 73 on December 11, 2008.

Source. Bloomberg.

Figure: Stock price indexes: Emerging market economies

A line chart shows three series, "Brazil (Bovespa)", "Korea (KOSPI)", and "Mexico (Bolsa)", from 2005 through December 11, 2008. Data is daily; unit is an index (12/30/04=100). The October 2008, FOMC meeting is marked with a vertical tripwire. The Brazil series begins at about 100 in 2005:Q1, it generally increases to about 280 by 2008:Q2, and generally decreases to about 175, around the time of October 2008, FOMC meeting. It generally decreases to about 110 shortly after the meeting and then increases to end at about 130 on December 11, 2008. The Korea series begins at about 100 in 2005:Q1, it generally increases to about 230 by 2007:Q4, and generally decreases to about 125, around the time of October 2008, FOMC meeting. It generally decreases to about 125 shortly after the meeting and then increases to end at about 149 on December 11, 2008. The Mexico series begins at about 100 in 2005:Q1, it generally increases to about 253 by 2007:Q4, and generally decreases to about 150, around the time of October 2008, FOMC meeting. It generally decreases to about 135 shortly after the meeting and then increases to end at about 165 on December 11, 2008.

Source. Bloomberg.

Figure: Nominal trade-weighted dollar indexes

A line chart shows three series, "Broad", "Major Currencies", and "Other Important Trading Partners", from 2005 through December 11, 2008. Data is daily; unit is an index (12/31/04=100). The October 2008, FOMC meeting is marked with a vertical tripwire. The Broad series begins at about 100 in 2005:Q1, it generally increases to about 104.2 by 2005:Q4, then generally decreases to about 88 by mid-2008, and generally increases to about 100 around the time of October 2008, FOMC meeting. It then increases to ends at about 104 on December 11, 2008. The "Major Currencies" series begins at about 102 in 2005:Q1, it generally increases to about 110 by 2005:Q4, and generally decreases to about 88 in 2008:Q1, and generally increases to about 104 around the time of October 2008, FOMC meeting. It generally increases to about 107 shortly after the meeting and then decreases to end at about 102 on December 11, 2008. The "Other Important Trading Partners" series begins at about 100 in 2005:Q1, it generally decreases to about 86 by 2008:Q3, and generally increases to about 98, around the time of October 2008, FOMC meeting. It generally decreases to about 101 shortly after the meeting and then increases to end at about 98 on December 11, 2008.

Source. FRBNY and Bloomberg.


Chart 6
Debt and Money

Growth of debt of nonfinancial sectors
Percent, s.a.a.r.
Total Business Household Government
2007 8.6 13.1 6.8 6.1
Q1 8.3 10.5 7.3 7.1
Q2 8.1 12.9 7.2 3.1
Q3 9.1 14.3 6.1 7.8
Q4 8.0 12.2 5.9 6.0
2008
Q1 5.3 7.2 3.2 6.7
Q2 3.1 5.6 0.6 4.4
Q3 7.2 2.9 -0.8 28.5

Source. Flow of Funds.


Figure: Changes in selected components of debt of nonfinancial business sector*

A bar chart shows 3 series, C&I loans, Commercial paper, and Bonds. The Sum series is superimposed over the three series. Data is monthly rate; unit is billions of dollars. The estimated values for C&I loans, Commercial paper, Bonds, and Sum series are as follows: 2006: 11, 2, 18, and 31. 2007:H1: 6, 1, 28, and 43. 2007:H2: 27, -2, 25, and 50. 2008:Q1: 14, 4, 13, and 34. 2008:Q2: 8, -5, 28, and 32. 2008: 20, 7, 5, and 32. 2008: October: 35, 5, 14, and 55. 2008: November: -2, 1, 15, and 14.

*Commercial paper and C&I loans are seasonally adjusted, bonds are not.  Return to text

Source. Securities Data Company, Depository Trust & Clearing Corporation and Federal Reserve H.8 release.


Figure: Growth of debt of household sector
Quarterly, s.a.a.r.
Percent
Period Home mortgage Consumer credit
1991:Q1 7.81 0.23
1991:Q2 8.68 -0.97
1991:Q3 3.15 -2.31
1991:Q4 7.50 -1.23
1992:Q1 7.29 0.83
1992:Q2 4.17 -0.93
1992:Q3 6.59 1.57
1992:Q4 6.91 3.03
1993:Q1 3.45 3.88
1993:Q2 6.88 5.10
1993:Q3 5.84 8.18
1993:Q4 5.39 11.86
1994:Q1 5.65 11.97
1994:Q2 5.28 14.78
1994:Q3 4.73 14.37
1994:Q4 6.06 16.63
1995:Q1 4.76 14.58
1995:Q2 5.08 13.84
1995:Q3 5.04 13.93
1995:Q4 4.13 12.36
1996:Q1 7.64 10.00
1996:Q2 6.22 9.19
1996:Q3 4.78 7.37
1996:Q4 5.48 8.47
1997:Q1 6.75 3.28
1997:Q2 5.08 5.75
1997:Q3 7.92 5.69
1997:Q4 4.15 6.92
1998:Q1 8.03 2.97
1998:Q2 7.39 11.49
1998:Q3 6.49 6.92
1998:Q4 9.31 6.81
1999:Q1 10.10 9.10
1999:Q2 8.19 6.63
1999:Q3 9.81 8.31
1999:Q4 8.07 6.27
2000:Q1 7.71 8.50
2000:Q2 8.77 11.22
2000:Q3 8.76 11.01
2000:Q4 8.47 12.83
2001:Q1 8.64 10.06
2001:Q2 12.19 7.09
2001:Q3 10.81 4.59
2001:Q4 8.86 11.86
2002:Q1 11.82 6.10
2002:Q2 12.13 7.20
2002:Q3 13.11 4.54
2002:Q4 13.75 4.51
2003:Q1 12.29 5.59
2003:Q2 15.77 5.79
2003:Q3 14.34 5.17
2003:Q4 11.57 3.95
2004:Q1 11.73 6.35
2004:Q2 13.97 3.43
2004:Q3 13.28 5.64
2004:Q4 13.07 6.02
2005:Q1 10.94 4.93
2005:Q2 13.24 4.79
2005:Q3 13.87 4.56
2005:Q4 12.05 2.48
2006:Q1 13.71 2.65
2006:Q2 12.46 5.48
2006:Q3 9.62 5.07
2006:Q4 7.06 4.55
2007:Q1 7.38 4.76
2007:Q2 7.37 5.63
2007:Q3 6.26 8.15
2007:Q4 5.08 3.99
2008:Q1 3.46 3.23

As shown in the figure, the "Home mortgage" curve ends in 2008:Q3 at about -2.5 percent, and the "Consumer credit" curve ends in 2008:Q3 at about 1 percent.

Source. Flow of Funds, Federal Reserve G.19 release.


Figure: Growth of house prices
Annual rate, s.a.
Percent
Period FHFA purchase-only index S&P Case-Shiller national index
1996:Q1 4.47 2.16
1996:Q2 2.84 2.40
1996:Q3 2.68 2.69
1996:Q4 2.55 1.09
1997:Q1 2.68 4.96
1997:Q2 3.85 3.46
1997:Q3 3.05 3.46
1997:Q4 4.23 5.85
1998:Q1 5.15 6.29
1998:Q2 5.33 7.36
1998:Q3 5.46 7.63
1998:Q4 6.39 6.89
1999:Q1 5.92 7.87
1999:Q2 5.93 7.01
1999:Q3 6.20 9.01
1999:Q4 6.04 8.83
2000:Q1 7.23 9.56
2000:Q2 6.86 10.93
2000:Q3 6.53 9.06
2000:Q4 6.96 9.31
2001:Q1 7.51 7.76
2001:Q2 6.83 8.46
2001:Q3 6.38 9.09
2001:Q4 6.28 5.43
2002:Q1 6.81 8.84
2002:Q2 7.39 10.79
2002:Q3 8.08 12.07
2002:Q4 8.06 10.72
2003:Q1 7.08 8.50
2003:Q2 6.46 7.96
2003:Q3 8.30 12.10
2003:Q4 8.43 14.23
2004:Q1 8.85 13.85
2004:Q2 8.68 15.72
2004:Q3 9.86 14.58
2004:Q4 9.65 14.29
2005:Q1 9.02 17.98
2005:Q2 9.84 15.34
2005:Q3 9.90 14.47
2005:Q4 8.75 11.06
2006:Q1 6.83 5.34
2006:Q2 3.51 -0.34
2006:Q3 2.04 -4.45
2006:Q4 3.03 -1.23
2007:Q1 3.32 -2.14
2007:Q2 1.59 -6.65
2007:Q3 -2.08 -7.54
2007:Q4 -5.33 -17.83
2008:Q1 -6.15 -22.74
2008:Q2 -5.65 -11.37
2008:Q3 -6.93 -13.84

Source. Federal Housing Finance Agency (FHFA), Standard & Poor's.


Figure: Growth of total lending capacity

A line chart shows a single series from 1990 through 2008. Data is quarterly; unit is percent. The series begins at about 12 in 1990, decreases to about 0 in 1991, generally increases to about 19 in 1994, generally decreases to about -2.5 in late 2003, and generally increases to about 16 by late 2006. The series then generally decreases and ends at about -6 in 2008.

Note: Total lending capacity is the sum of total loans plus unused commitments to make loans. Data for 2008 Q3 are adjusted to remove the effect of JP Morgan Chase's acquisition of Washington Mutual.

Source. Call Report.

Figure: Growth of M2

A bar chart shows "Growth of M2" from 2006 through November 2008. Data is s.a.a.r. Unit is percent. The estimated values are as follows: 2006: 5, 2007: H1: 6, H2: 5, 2008: Q1: 9, Q2: 5, Q3: 3.5, October: 17, and November: 8.2.

Source. Federal Reserve.


† Note: Data values for figures are rounded and may not sum to totals.  Return to text

Last update: March 7, 2014