Accessible Version

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.

Accessible Version

Overview of financial system vulnerabilities

Asset valuations

Despite declines in asset prices amid significant market volatility, valuations remain high across a range of markets including equities and residential real estate.
Liquidity in Treasury and equity markets was low and worsened further in April, though market functioning remained orderly.
Transaction-based prices for commercial properties have been flat recently, but a sizable number of borrowers will need to refinance maturing loans in the next few years.

Borrowing by businesses and households

Vulnerabilities from business and household debt remained moderate, as debt levels adjusted for inflation were stable.
The ability of businesses to service their debt generally improved even as leverage remained elevated.
Household debt was at modest levels relative to gross domestic product and mostly owed by borrowers with strong credit histories.
Auto and credit card loan delinquencies remained above pre-pandemic levels.

Leverage in the financial sector

The banking system remained sound and resilient, with regulatory capital ratios approaching or exceeding historical highs.
Fair value losses on fixed-rate assets were still sizable for some banks and continued to be sensitive to fluctuations in interest rates.
Broker-dealer leverage has been low, though in April heightened client demand has reportedly increased balance sheet pressures for some dealers.
Hedge fund leverage was at or near its highest level since 2013, though it likely decreased as hedge funds unwound some positions in early April.

Funding risks

Funding markets were resilient through early April’s market volatility.
Most domestic banks maintained high levels of liquid assets and stable funding, and their reliance on uninsured deposits remained well below the elevated levels seen in 2022 and early 2023.
Vulnerabilities in prime money market funds have declined somewhat in the past year as reforms for these funds went fully into effect, but other cash-management vehicles with structural vulnerabilities continued to grow.
Nontraditional liabilities at life insurers are at the upper end of their historical distribution.

Return to text

Survey of salient risks to the financial system

Survey respondents cited several emerging and existing events or conditions as presenting risks to the U.S. financial system and the broader global economy. For more information, see the box "Survey of Salient Risks to Financial Stability."

	Risks to global trade	U.S. fiscal debt sustainability	Policy uncertainty	Persistent inflation	Risk asset / valuations correction	Treasury market functioning
Spring 2025	73% of contacts surveyed	50% of contacts surveyed	50% of contacts surveyed	41% of contacts surveyed	36% of contacts surveyed	33% of contacts surveyed
Fall 2024	33% of contacts surveyed	54% of contacts surveyed	46% of contacts surveyed	33% of contacts surveyed	29% of contacts surveyed	17% of contacts surveyed

Return to text

Figure 1.1. Nominal Treasury yields remained high

Percent, annual rate

Date	2-year	10-year
1997-01-01	6.01	6.58
1997-02-01	5.9	6.42
1997-03-01	6.22	6.69
1997-04-01	6.45	6.89
1997-05-01	6.28	6.71
1997-06-01	6.09	6.49
1997-07-01	5.89	6.22
1997-08-01	5.94	6.3
1997-09-01	5.88	6.21
1997-10-01	5.77	6.03
1997-11-01	5.71	5.88
1997-12-01	5.72	5.81
1998-01-01	5.36	5.54
1998-02-01	5.42	5.57
1998-03-01	5.56	5.65
1998-04-01	5.56	5.64
1998-05-01	5.59	5.65
1998-06-01	5.52	5.5
1998-07-01	5.46	5.46
1998-08-01	5.27	5.34
1998-09-01	4.67	4.81
1998-10-01	4.09	4.53
1998-11-01	4.54	4.83
1998-12-01	4.51	4.65
1999-01-01	4.62	4.72
1999-02-01	4.88	5
1999-03-01	5.05	5.23
1999-04-01	4.98	5.18
1999-05-01	5.25	5.54
1999-06-01	5.62	5.9
1999-07-01	5.55	5.79
1999-08-01	5.68	5.94
1999-09-01	5.66	5.92
1999-10-01	5.86	6.11
1999-11-01	5.86	6.03
1999-12-01	6.1	6.28
2000-01-01	6.44	6.66
2000-02-01	6.61	6.52
2000-03-01	6.53	6.26
2000-04-01	6.4	5.99
2000-05-01	6.81	6.44
2000-06-01	6.48	6.1
2000-07-01	6.34	6.05
2000-08-01	6.23	5.83
2000-09-01	6.08	5.8
2000-10-01	5.91	5.74
2000-11-01	5.88	5.72
2000-12-01	5.35	5.24
2001-01-01	4.76	5.16
2001-02-01	4.66	5.1
2001-03-01	4.34	4.89
2001-04-01	4.23	5.14
2001-05-01	4.26	5.39
2001-06-01	4.08	5.28
2001-07-01	4.04	5.24
2001-08-01	3.76	4.97
2001-09-01	3.12	4.73
2001-10-01	2.73	4.57
2001-11-01	2.78	4.65
2001-12-01	3.11	5.09
2002-01-01	3.03	5.04
2002-02-01	3.02	4.91
2002-03-01	3.56	5.28
2002-04-01	3.42	5.21
2002-05-01	3.26	5.16
2002-06-01	2.99	4.93
2002-07-01	2.56	4.65
2002-08-01	2.13	4.26
2002-09-01	2	3.87
2002-10-01	1.91	3.94
2002-11-01	1.92	4.05
2002-12-01	1.84	4.03
2003-01-01	1.74	4.05
2003-02-01	1.63	3.9
2003-03-01	1.57	3.81
2003-04-01	1.62	3.96
2003-05-01	1.42	3.57
2003-06-01	1.23	3.33
2003-07-01	1.47	3.98
2003-08-01	1.86	4.45
2003-09-01	1.71	4.27
2003-10-01	1.75	4.29
2003-11-01	1.93	4.3
2003-12-01	1.91	4.27
2004-01-01	1.76	4.15
2004-02-01	1.74	4.08
2004-03-01	1.58	3.83
2004-04-01	2.07	4.35
2004-05-01	2.53	4.72
2004-06-01	2.76	4.73
2004-07-01	2.64	4.5
2004-08-01	2.51	4.28
2004-09-01	2.53	4.13
2004-10-01	2.58	4.1
2004-11-01	2.85	4.19
2004-12-01	3.01	4.23
2005-01-01	3.22	4.22
2005-02-01	3.38	4.17
2005-03-01	3.73	4.5
2005-04-01	3.65	4.34
2005-05-01	3.64	4.14
2005-06-01	3.64	4
2005-07-01	3.87	4.18
2005-08-01	4.04	4.26
2005-09-01	3.95	4.2
2005-10-01	4.27	4.46
2005-11-01	4.42	4.54
2005-12-01	4.4	4.47
2006-01-01	4.4	4.42
2006-02-01	4.67	4.57
2006-03-01	4.73	4.72
2006-04-01	4.89	4.99
2006-05-01	4.97	5.11
2006-06-01	5.12	5.11
2006-07-01	5.12	5.09
2006-08-01	4.9	4.88
2006-09-01	4.77	4.72
2006-10-01	4.8	4.73
2006-11-01	4.74	4.6
2006-12-01	4.67	4.56
2007-01-01	4.88	4.76
2007-02-01	4.85	4.72
2007-03-01	4.57	4.56
2007-04-01	4.67	4.69
2007-05-01	4.77	4.75
2007-06-01	4.98	5.1
2007-07-01	4.82	5
2007-08-01	4.31	4.67
2007-09-01	4.01	4.52
2007-10-01	3.97	4.53
2007-11-01	3.34	4.15
2007-12-01	3.12	4.1
2008-01-01	2.48	3.74
2008-02-01	1.97	3.74
2008-03-01	1.62	3.51
2008-04-01	2.05	3.68
2008-05-01	2.45	3.88
2008-06-01	2.77	4.1
2008-07-01	2.57	4.01
2008-08-01	2.42	3.89
2008-09-01	2.08	3.69
2008-10-01	1.61	3.81
2008-11-01	1.21	3.53
2008-12-01	0.82	2.42
2009-01-01	0.81	2.52
2009-02-01	0.98	2.87
2009-03-01	0.93	2.82
2009-04-01	0.93	2.93
2009-05-01	0.93	3.29
2009-06-01	1.18	3.72
2009-07-01	1.02	3.56
2009-08-01	1.12	3.59
2009-09-01	0.96	3.4
2009-10-01	0.95	3.39
2009-11-01	0.8	3.4
2009-12-01	0.87	3.59
2010-01-01	0.93	3.73
2010-02-01	0.86	3.69
2010-03-01	0.96	3.73
2010-04-01	1.06	3.85
2010-05-01	0.83	3.42
2010-06-01	0.72	3.2
2010-07-01	0.62	3.01
2010-08-01	0.52	2.7
2010-09-01	0.48	2.65
2010-10-01	0.38	2.54
2010-11-01	0.45	2.76
2010-12-01	0.62	3.29
2011-01-01	0.61	3.39
2011-02-01	0.77	3.58
2011-03-01	0.7	3.41
2011-04-01	0.73	3.46
2011-05-01	0.56	3.17
2011-06-01	0.41	3
2011-07-01	0.41	3
2011-08-01	0.23	2.3
2011-09-01	0.21	1.98
2011-10-01	0.28	2.15
2011-11-01	0.25	2.01
2011-12-01	0.26	1.98
2012-01-01	0.24	1.97
2012-02-01	0.28	1.97
2012-03-01	0.34	2.17
2012-04-01	0.29	2.05
2012-05-01	0.29	1.8
2012-06-01	0.29	1.62
2012-07-01	0.25	1.53
2012-08-01	0.27	1.68
2012-09-01	0.26	1.72
2012-10-01	0.28	1.75
2012-11-01	0.27	1.65
2012-12-01	0.26	1.72
2013-01-01	0.27	1.91
2013-02-01	0.27	1.98
2013-03-01	0.26	1.96
2013-04-01	0.23	1.76
2013-05-01	0.25	1.93
2013-06-01	0.33	2.3
2013-07-01	0.34	2.58
2013-08-01	0.36	2.74
2013-09-01	0.4	2.81
2013-10-01	0.34	2.62
2013-11-01	0.3	2.72
2013-12-01	0.34	2.9
2014-01-01	0.39	2.86
2014-02-01	0.33	2.71
2014-03-01	0.4	2.72
2014-04-01	0.42	2.71
2014-05-01	0.39	2.56
2014-06-01	0.45	2.6
2014-07-01	0.51	2.54
2014-08-01	0.47	2.42
2014-09-01	0.57	2.53
2014-10-01	0.45	2.3
2014-11-01	0.53	2.33
2014-12-01	0.64	2.21
2015-01-01	0.55	1.88
2015-02-01	0.62	1.98
2015-03-01	0.64	2.04
2015-04-01	0.54	1.94
2015-05-01	0.61	2.2
2015-06-01	0.69	2.36
2015-07-01	0.67	2.32
2015-08-01	0.7	2.17
2015-09-01	0.71	2.17
2015-10-01	0.64	2.07
2015-11-01	0.88	2.26
2015-12-01	0.98	2.24
2016-01-01	0.9	2.09
2016-02-01	0.73	1.78
2016-03-01	0.88	1.89
2016-04-01	0.77	1.81
2016-05-01	0.82	1.81
2016-06-01	0.73	1.64
2016-07-01	0.67	1.5
2016-08-01	0.74	1.56
2016-09-01	0.77	1.63
2016-10-01	0.84	1.76
2016-11-01	0.98	2.14
2016-12-01	1.2	2.49
2017-01-01	1.21	2.43
2017-02-01	1.2	2.42
2017-03-01	1.31	2.48
2017-04-01	1.24	2.3
2017-05-01	1.3	2.3
2017-06-01	1.34	2.19
2017-07-01	1.37	2.32
2017-08-01	1.34	2.21
2017-09-01	1.38	2.2
2017-10-01	1.55	2.36
2017-11-01	1.7	2.35
2017-12-01	1.84	2.4
2018-01-01	2.03	2.58
2018-02-01	2.18	2.86
2018-03-01	2.28	2.84
2018-04-01	2.38	2.87
2018-05-01	2.51	2.98
2018-06-01	2.53	2.91
2018-07-01	2.61	2.89
2018-08-01	2.64	2.89
2018-09-01	2.77	3
2018-10-01	2.86	3.15
2018-11-01	2.86	3.12
2018-12-01	2.68	2.83
2019-01-01	2.54	2.71
2019-02-01	2.5	2.68
2019-03-01	2.41	2.57
2019-04-01	2.34	2.53
2019-05-01	2.21	2.4
2019-06-01	1.81	2.07
2019-07-01	1.84	2.06
2019-08-01	1.57	1.63
2019-09-01	1.65	1.7
2019-10-01	1.55	1.71
2019-11-01	1.61	1.81
2019-12-01	1.61	1.86
2020-01-01	1.52	1.76
2020-02-01	1.33	1.5
2020-03-01	0.45	0.87
2020-04-01	0.22	0.66
2020-05-01	0.17	0.67
2020-06-01	0.19	0.73
2020-07-01	0.15	0.62
2020-08-01	0.14	0.65
2020-09-01	0.13	0.68
2020-10-01	0.15	0.79
2020-11-01	0.17	0.87
2020-12-01	0.14	0.93
2021-01-01	0.13	1.08
2021-02-01	0.12	1.26
2021-03-01	0.15	1.61
2021-04-01	0.16	1.64
2021-05-01	0.16	1.62
2021-06-01	0.2	1.52
2021-07-01	0.22	1.32
2021-08-01	0.22	1.28
2021-09-01	0.24	1.37
2021-10-01	0.39	1.58
2021-11-01	0.51	1.56
2021-12-01	0.68	1.47
2022-01-01	0.98	1.76
2022-02-01	1.44	1.93
2022-03-01	1.91	2.13
2022-04-01	2.54	2.75
2022-05-01	2.62	2.9
2022-06-01	3	3.14
2022-07-01	3.04	2.9
2022-08-01	3.25	2.9
2022-09-01	3.86	3.52
2022-10-01	4.38	3.98
2022-11-01	4.5	3.89
2022-12-01	4.29	3.62
2023-01-01	4.21	3.53
2023-02-01	4.53	3.75
2023-03-01	4.3	3.66
2023-04-01	4.02	3.46
2023-05-01	4.13	3.57
2023-06-01	4.64	3.75
2023-07-01	4.83	3.9
2023-08-01	4.9	4.17
2023-09-01	5.02	4.38
2023-10-01	5.07	4.8
2023-11-01	4.88	4.5
2023-12-01	4.46	4.02
2024-01-01	4.32	4.06
2024-02-01	4.54	4.21
2024-03-01	4.59	4.21
2024-04-01	4.87	4.54
2024-05-01	4.86	4.48
2024-06-01	4.74	4.31
2024-07-01	4.5	4.25
2024-08-01	3.97	3.87
2024-09-01	3.62	3.72
2024-10-01	3.97	4.1
2024-11-01	4.26	4.36
2024-12-01	4.23	4.39
2025-01-01	4.27	4.63
2025-02-01	4.21	4.45
2025-03-01	3.97	4.28
2025-04-01	3.81	4.29

Note: Treasury rates are the 2-year and 10-year constant-maturity yields based on the most actively traded securities. Values are averaged within a calendar month, except for the value of the last month of the series, which is averaged through the data close date.

Source: Federal Reserve Board, Statistical Release H.15, "Selected Interest Rates."

Return to text

Figure 1.2. An estimate of the nominal Treasury term premium was near its historical median

Percentage points

Date	Term Premium
1997-01-01	1.58630953516279
1997-02-01	1.52144999636544
1997-03-01	1.65370500087738
1997-04-01	1.74750909480182
1997-05-01	1.660628591265
1997-06-01	1.58726190953028
1997-07-01	1.43041817708449
1997-08-01	1.45474285171146
1997-09-01	1.44976190158299
1997-10-01	1.35715907812119
1997-11-01	1.23558333847258
1997-12-01	1.17779090187766
1998-01-01	1.06544999480247
1998-02-01	1.09375262887854
1998-03-01	1.15116818384691
1998-04-01	1.15319999626705
1998-05-01	1.15678500533104
1998-06-01	1.08297273245725
1998-07-01	1.06239090724425
1998-08-01	0.99751904748735
1998-09-01	0.786171430633182
1998-10-01	0.792138093993777
1998-11-01	0.869978954917506
1998-12-01	0.794740909879858
1999-01-01	0.880536841718774
1999-02-01	1.01041052529686
1999-03-01	1.14155653248663
1999-04-01	1.12121903896332
1999-05-01	1.2646000008834
1999-06-01	1.43654091791673
1999-07-01	1.40236842632294
1999-08-01	1.45977726307782
1999-09-01	1.45405238582974
1999-10-01	1.54058499336243
1999-11-01	1.40476500988007
1999-12-01	1.48002272844315
2000-01-01	1.6245500087738
2000-02-01	1.53682498931885
2000-03-01	1.39729130268097
2000-04-01	1.25809474367844
2000-05-01	1.43725909970023
2000-06-01	1.27365908839486
2000-07-01	1.18855500817299
2000-08-01	1.06649565696716
2000-09-01	1.06348999142647
2000-10-01	0.980847619828724
2000-11-01	0.940657144501096
2000-12-01	0.776215001940727
2001-01-01	0.873066666580382
2001-02-01	0.931452631950378
2001-03-01	0.92219999703494
2001-04-01	1.14089499115944
2001-05-01	1.32817727327347
2001-06-01	1.32009048688979
2001-07-01	1.28493333430517
2001-08-01	1.19854346565578
2001-09-01	1.20015882744509
2001-10-01	1.22200909527865
2001-11-01	1.33718499541283
2001-12-01	1.65292502045631
2002-01-01	1.62604762258984
2002-02-01	1.55143684462497
2002-03-01	1.73442001342773
2002-04-01	1.69332726977088
2002-05-01	1.63785454359922
2002-06-01	1.49875000715256
2002-07-01	1.34673635526137
2002-08-01	1.12780000946739
2002-09-01	0.905194997787476
2002-10-01	0.942090904170817
2002-11-01	1.07082104996631
2002-12-01	1.07724285125732
2003-01-01	1.07329524131048
2003-02-01	0.991473693596689
2003-03-01	0.930804766359783
2003-04-01	1.00974286737896
2003-05-01	0.782438085192726
2003-06-01	0.66131428593681
2003-07-01	1.01561818339608
2003-08-01	1.31591429596856
2003-09-01	1.20959046341124
2003-10-01	1.20333182269877
2003-11-01	1.22338889042536
2003-12-01	1.21045908602801
2004-01-01	1.13532500267029
2004-02-01	1.09653684967443
2004-03-01	0.94003043744875
2004-04-01	1.24345713570004
2004-05-01	1.45199499130249
2004-06-01	1.40440475940704
2004-07-01	1.24482380776178
2004-08-01	1.10065453702753
2004-09-01	0.966123802321298
2004-10-01	0.922989997267723
2004-11-01	0.915705007314682
2004-12-01	0.899377270178361
2005-01-01	0.872179999947548
2005-02-01	0.806794731240523
2005-03-01	0.956709086894989
2005-04-01	0.853780950818743
2005-05-01	0.734280952385494
2005-06-01	0.637763635678725
2005-07-01	0.67902999818325
2005-08-01	0.684691304745881
2005-09-01	0.63957142829895
2005-10-01	0.73503500521183
2005-11-01	0.75422999560833
2005-12-01	0.704609527474358
2006-01-01	0.612595000863075
2006-02-01	0.66861052889573
2006-03-01	0.726243477800618
2006-04-01	0.82967367925142
2006-05-01	0.866559088230133
2006-06-01	0.844818182966926
2006-07-01	0.798874998092651
2006-08-01	0.689243479915287
2006-09-01	0.634500002861023
2006-10-01	0.623928572450365
2006-11-01	0.544100005002249
2006-12-01	0.539290001988411
2007-01-01	0.633109521298182
2007-02-01	0.610594740039424
2007-03-01	0.526145455512134
2007-04-01	0.60405714455105
2007-05-01	0.654254544865001
2007-06-01	0.877728572913579
2007-07-01	0.792104757967449
2007-08-01	0.727860878343168
2007-09-01	0.695773689370406
2007-10-01	0.7072409120473
2007-11-01	0.627580001950264
2007-12-01	0.652430000901222
2008-01-01	0.502809517440342
2008-02-01	0.659764996170998
2008-03-01	0.676039996743202
2008-04-01	0.791763638908213
2008-05-01	0.862304764134543
2008-06-01	0.953609528995696
2008-07-01	0.9156999994408
2008-08-01	0.829009524413518
2008-09-01	0.803495239643824
2008-10-01	1.02918636527928
2008-11-01	0.997972226805157
2008-12-01	0.495986368168484
2009-01-01	0.533605000376701
2009-02-01	0.695789478327099
2009-03-01	0.644163638353348
2009-04-01	0.653561904316857
2009-05-01	0.852880001068115
2009-06-01	1.13857725533572
2009-07-01	1.02739999511025
2009-08-01	1.05857618933632
2009-09-01	0.952300000758398
2009-10-01	0.930171430110931
2009-11-01	0.919457893622549
2009-12-01	0.981240903789347
2010-01-01	1.06806315873799
2010-02-01	1.02073684805318
2010-03-01	1.02444781686949
2010-04-01	1.08615455302325
2010-05-01	0.867124995589256
2010-06-01	0.755922723900188
2010-07-01	0.614666666303362
2010-08-01	0.422504544258118
2010-09-01	0.393890475942975
2010-10-01	0.298595001548529
2010-11-01	0.397194999456406
2010-12-01	0.731363635171543
2011-01-01	0.780679997801781
2011-02-01	0.906605265642467
2011-03-01	0.824865221977234
2011-04-01	0.865829998254776
2011-05-01	0.691185712814331
2011-06-01	0.559290913018313
2011-07-01	0.562285003066063
2011-08-01	0.18979565280935
2011-09-01	0.0428476195250239
2011-10-01	0.137049999623559
2011-11-01	0.054134999983944
2011-12-01	0.0322904759308412
2012-01-01	0.00909999991999939
2012-02-01	-0.0134849997702986
2012-03-01	0.105518182157539
2012-04-01	0.03772857219294
2012-05-01	-0.0900090905753049
2012-06-01	-0.171185714857919
2012-07-01	-0.227761905108179
2012-08-01	-0.14846521810345
2012-09-01	-0.149436842061971
2012-10-01	-0.138014286756516
2012-11-01	-0.175314998626709
2012-12-01	-0.14552999958396
2013-01-01	-0.0486761906095559
2013-02-01	-0.0109789472251003
2013-03-01	-0.026494999951683
2013-04-01	-0.12271363762292
2013-05-01	-0.0329909090968696
2013-06-01	0.195124999061227
2013-07-01	0.358877270059152
2013-08-01	0.448931818658655
2013-09-01	0.501565003395081
2013-10-01	0.369068183682182
2013-11-01	0.401110528331054
2013-12-01	0.515038101446061
2014-01-01	0.52883810088748
2014-02-01	0.440584209404494
2014-03-01	0.471128573020299
2014-04-01	0.489000005381448
2014-05-01	0.407899998483204
2014-06-01	0.437390476465225
2014-07-01	0.424050000580874
2014-08-01	0.374171427318028
2014-09-01	0.446385717108136
2014-10-01	0.318909089673649
2014-11-01	0.340266666478581
2014-12-01	0.288990912112323
2015-01-01	0.121139999385923
2015-02-01	0.175105261077222
2015-03-01	0.20422727343711
2015-04-01	0.124940909783949
2015-05-01	0.268689998984337
2015-06-01	0.356704546646638
2015-07-01	0.323763636025515
2015-08-01	0.23001904856591
2015-09-01	0.232133332462538
2015-10-01	0.176319047808647
2015-11-01	0.280394736873476
2015-12-01	0.243222724307667
2016-01-01	0.149057893768737
2016-02-01	-0.0309400000085589
2016-03-01	0.0374590908918022
2016-04-01	-0.0104428570983665
2016-05-01	-0.0063523809852389
2016-06-01	-0.0943636361149732
2016-07-01	-0.174139998108149
2016-08-01	-0.144082610049973
2016-09-01	-0.107480952427501
2016-10-01	-0.0476350001408719
2016-11-01	0.141539998538792
2016-12-01	0.342542856931686
2017-01-01	0.30672500282526
2017-02-01	0.29608946803369
2017-03-01	0.286726086036019
2017-04-01	0.159421052979796
2017-05-01	0.14255000075156
2017-06-01	0.0561999998648058
2017-07-01	0.111135000362992
2017-08-01	0.0598086959317974
2017-09-01	0.048810000458252
2017-10-01	0.126352380428995
2017-11-01	0.106809522779215
2017-12-01	0.126464999839664
2018-01-01	0.20057142774264
2018-02-01	0.321000000363902
2018-03-01	0.288261904602959
2018-04-01	0.28833333509309
2018-05-01	0.334427273408933
2018-06-01	0.291300000179382
2018-07-01	0.267171426897957
2018-08-01	0.247139129301776
2018-09-01	0.285684213042259
2018-10-01	0.336281819777055
2018-11-01	0.296625002473593
2018-12-01	0.131231577772843
2019-01-01	0.0547476185574418
2019-02-01	0.03477368454792
2019-03-01	-0.0232285712790188
2019-04-01	-0.0412238094113058
2019-05-01	-0.106136363507672
2019-06-01	-0.248920001089573
2019-07-01	-0.239750002595511
2019-08-01	-0.421831817789511
2019-09-01	-0.37432000041008
2019-10-01	-0.327504544772885
2019-11-01	-0.236826317090737
2019-12-01	-0.207642855388778
2020-01-01	-0.2653523818368
2020-02-01	-0.403673680205094
2020-03-01	-0.472945454445752
2020-04-01	-0.559052382196699
2020-05-01	-0.573474997282028
2020-06-01	-0.566581819545139
2020-07-01	-0.614431822841818
2020-08-01	-0.607804758208139
2020-09-01	-0.597861908731006
2020-10-01	-0.546838099048251
2020-11-01	-0.49895263345618
2020-12-01	-0.478481818329204
2021-01-01	-0.414852630150946
2021-02-01	-0.32094736710975
2021-03-01	-0.109191304477661
2021-04-01	-0.084340909157287
2021-05-01	-0.0983200002461672
2021-06-01	-0.1325318176638
2021-07-01	-0.226966668452535
2021-08-01	-0.243818181482228
2021-09-01	-0.192747619180452
2021-10-01	-0.059549999749288
2021-11-01	-0.0406099995831028
2021-12-01	-0.0761090904812921
2022-01-01	0.0668149997647561
2022-02-01	0.125415790237879
2022-03-01	0.209773913552256
2022-04-01	0.480945000052452
2022-05-01	0.511123813333966
2022-06-01	0.532090478000187
2022-07-01	0.227425000816584
2022-08-01	0.142060869818796
2022-09-01	0.378104763371604
2022-10-01	0.515035004913807
2022-11-01	0.366604999452829
2022-12-01	0.152128572620097
2023-01-01	0.0486500000581145
2023-02-01	0.146194737502619
2023-03-01	0.119052173893737
2023-04-01	-0.0472100000097271
2023-05-01	-0.0506954544054514
2023-06-01	0.0467190474515692
2023-07-01	0.113849999848753
2023-08-01	0.237073913216591
2023-09-01	0.351450002938509
2023-10-01	0.576500001407805
2023-11-01	0.438385716506413
2023-12-01	0.179819999262691
2024-01-01	0.19098095347484
2024-02-01	0.279920000582933
2024-03-01	0.274129997193813
2024-04-01	0.447454543276267
2024-05-01	0.416045453060757
2024-06-01	0.316757893876026
2024-07-01	0.289236362684857
2024-08-01	0.119927272539247
2024-09-01	0.10067500025034
2024-10-01	0.360750002617186
2024-11-01	0.535778949135228
2024-12-01	0.575852384169897
2025-01-01	0.722966668151674
2025-02-01	0.621594739587683
2025-03-01	0.525414283786501
2025-04-01	0.485822223954731

Note: Term premiums are estimated from a 3-factor term structure model using Treasury yields and Blue Chip interest rate forecasts. Values are averaged within a calendar month, except for the value of the last month of the series, which is averaged through the data close date. The median value is 0.54 percentage points.

Source: Department of the Treasury; Wolters Kluwer, Blue Chip Financial Forecasts; Federal Reserve Bank of New York; Federal Reserve Board staff estimates.

Return to text

Figure 1.3. Interest rate volatility remained well above its median since 2005

Basis points

Date	Implied Volatility of 10-Year Swap Rate
2005-04-01	93.1407611818182
2005-05-01	87.2053020454545
2005-06-01	87.5994123636364
2005-07-01	89.342594
2005-08-01	84.2202744347826
2005-09-01	83.8325441363636
2005-10-01	86.0325223333333
2005-11-01	87.1229912727273
2005-12-01	77.7070317272727
2006-01-01	75.8552282272727
2006-02-01	72.57082995
2006-03-01	72.1180623913044
2006-04-01	76.56824595
2006-05-01	74.3080899130435
2006-06-01	70.7608532727273
2006-07-01	69.4930483333333
2006-08-01	62.8133045217391
2006-09-01	62.7310715238095
2006-10-01	64.0431154545455
2006-11-01	67.6373596363636
2006-12-01	66.234062
2007-01-01	66.4426889130435
2007-02-01	66.7878776
2007-03-01	70.8117155454546
2007-04-01	62.8650858095238
2007-05-01	58.1989928695652
2007-06-01	79.0500360952381
2007-07-01	82.6708996818182
2007-08-01	84.3294735217391
2007-09-01	97.0252322
2007-10-01	91.0426627826087
2007-11-01	97.0015865454545
2007-12-01	117.976205190476
2008-01-01	133.406423652174
2008-02-01	150.923306095238
2008-03-01	163.97233552381
2008-04-01	139.643575363636
2008-05-01	126.353198590909
2008-06-01	140.475449761905
2008-07-01	127.802219956522
2008-08-01	111.567181571429
2008-09-01	141.1032905
2008-10-01	188.875971130435
2008-11-01	205.83388575
2008-12-01	232.030661695652
2009-01-01	169.826971590909
2009-02-01	187.7330855
2009-03-01	157.275367409091
2009-04-01	129.736551454545
2009-05-01	153.281603190476
2009-06-01	223.655879409091
2009-07-01	197.755332409091
2009-08-01	180.745684190476
2009-09-01	147.807639681818
2009-10-01	134.645040636364
2009-11-01	112.442800571429
2009-12-01	110.1041495
2010-01-01	109.909501
2010-02-01	100.7843527
2010-03-01	90.5415333043478
2010-04-01	95.7845809090909
2010-05-01	108.376839047619
2010-06-01	108.348928954545
2010-07-01	91.2602745454546
2010-08-01	100.908488681818
2010-09-01	110.990158909091
2010-10-01	102.931406714286
2010-11-01	109.178534727273
2010-12-01	125.347307227273
2011-01-01	113.23575147619
2011-02-01	111.22755815
2011-03-01	110.334852782609
2011-04-01	92.08106005
2011-05-01	89.4274393636364
2011-06-01	94.3602630909091
2011-07-01	101.407765333333
2011-08-01	117.109677521739
2011-09-01	121.005849181818
2011-10-01	124.639285238095
2011-11-01	125.236508363636
2011-12-01	105.109209590909
2012-01-01	86.8961869090909
2012-02-01	87.928798047619
2012-03-01	92.8956355454546
2012-04-01	86.3847064761905
2012-05-01	78.4844144782609
2012-06-01	89.6806648095238
2012-07-01	72.8232575909091
2012-08-01	78.5166424347826
2012-09-01	75.8383667
2012-10-01	75.6908457391304
2012-11-01	67.6227298181818
2012-12-01	61.8341229047619
2013-01-01	67.3589163478261
2013-02-01	68.8840089
2013-03-01	64.7794116190476
2013-04-01	60.4505235
2013-05-01	69.0075274782609
2013-06-01	100.3947363
2013-07-01	104.775979478261
2013-08-01	100.2640195
2013-09-01	101.211893142857
2013-10-01	81.617062173913
2013-11-01	74.5137228571429
2013-12-01	75.8982773636364
2014-01-01	70.363670826087
2014-02-01	69.2855606
2014-03-01	65.5307374285714
2014-04-01	62.8501716666667
2014-05-01	61.4742948181818
2014-06-01	61.9679537142857
2014-07-01	59.6560042608696
2014-08-01	62.2641432380952
2014-09-01	65.4064466363636
2014-10-01	76.7030626956522
2014-11-01	67.40892365
2014-12-01	70.2256455652174
2015-01-01	87.0186313636364
2015-02-01	91.13263945
2015-03-01	84.3177593181818
2015-04-01	77.4148326818182
2015-05-01	86.7601392380952
2015-06-01	88.911496
2015-07-01	82.9971814347826
2015-08-01	80.31959485
2015-09-01	79.7947395
2015-10-01	75.1609395454545
2015-11-01	72.1120120952381
2015-12-01	70.300521826087
2016-01-01	76.2914845238095
2016-02-01	89.1231934761905
2016-03-01	78.9347058181818
2016-04-01	72.0117337619048
2016-05-01	69.0779673636364
2016-06-01	77.249059
2016-07-01	76.8601374285714
2016-08-01	68.1436731739131
2016-09-01	67.2750649090909
2016-10-01	65.2515483809524
2016-11-01	83.5448066818182
2016-12-01	81.1593321363636
2017-01-01	81.1271510909091
2017-02-01	75.6451058
2017-03-01	69.9332405652174
2017-04-01	75.8273615
2017-05-01	62.2952567826087
2017-06-01	58.9056952272727
2017-07-01	59.5746184761905
2017-08-01	57.3938232608696
2017-09-01	58.1155528095238
2017-10-01	59.6366519545455
2017-11-01	52.3190709090909
2017-12-01	50.8717691904762
2018-01-01	55.5877003043478
2018-02-01	72.027128
2018-03-01	63.4433651363636
2018-04-01	58.5823622857143
2018-05-01	58.537723
2018-06-01	57.8168248095238
2018-07-01	53.9075479545455
2018-08-01	52.7038092608696
2018-09-01	51.701349
2018-10-01	58.2089809130435
2018-11-01	57.7368546363636
2018-12-01	59.4768278095238
2019-01-01	56.8872852608696
2019-02-01	50.92862395
2019-03-01	52.1450475238095
2019-04-01	51.7224289090909
2019-05-01	57.229373826087
2019-06-01	68.6766383
2019-07-01	62.13732
2019-08-01	81.9997485454546
2019-09-01	82.103384952381
2019-10-01	78.1486783478261
2019-11-01	66.9196303809524
2019-12-01	64.9177692272727
2020-01-01	63.7826934782609
2020-02-01	76.3504349
2020-03-01	128.198282909091
2020-04-01	79.1194908181818
2020-05-01	62.0802865714286
2020-06-01	68.1176147272727
2020-07-01	56.0211723913044
2020-08-01	54.0961076666667
2020-09-01	49.9714252727273
2020-10-01	68.7694889545455
2020-11-01	57.2393500952381
2020-12-01	58.7475827391304
2021-01-01	58.6661465714286
2021-02-01	68.86160195
2021-03-01	82.8590066956522
2021-04-01	76.9544033181818
2021-05-01	69.6327573333333
2021-06-01	66.3641393636364
2021-07-01	73.0951925454546
2021-08-01	75.2578712727273
2021-09-01	69.091108
2021-10-01	73.5020376666667
2021-11-01	79.6158680454546
2021-12-01	80.1248898695652
2022-01-01	81.8231407142857
2022-02-01	88.68905865
2022-03-01	108.610251478261
2022-04-01	119.366245
2022-05-01	114.930118181818
2022-06-01	119.709321590909
2022-07-01	122.756632952381
2022-08-01	111.678260869565
2022-09-01	127.081818181818
2022-10-01	138.352380952381
2022-11-01	126.554545454545
2022-12-01	125.859090909091
2023-01-01	111.909090909091
2023-02-01	105.985
2023-03-01	120.695652173913
2023-04-01	112.905
2023-05-01	115.917391304348
2023-06-01	106.777272727273
2023-07-01	108.009523809524
2023-08-01	115.373913043478
2023-09-01	112.357142857143
2023-10-01	129.386363636364
2023-11-01	117.290909090909
2023-12-01	112.585714285714
2024-01-01	107.986956521739
2024-02-01	108.147619047619
2024-03-01	101.319047619048
2024-04-01	104.718181818182
2024-05-01	100.313043478261
2024-06-01	102.67
2024-07-01	101.736363636364
2024-08-01	104.177272727273
2024-09-01	99.41
2024-10-01	103.582608695652
2024-11-01	103.719047619048
2024-12-01	100.045454545455
2025-01-01	99.0739130434783
2025-02-01	95.595
2025-03-01	99.5857142857143
2025-04-01	107.611111111111

Note: The data begin in April 2005. Implied volatility on the 10-year swap rate, 1 month ahead, is derived from swaptions.Values are averaged within a calendar month, except for the value of the last month of the series, which is averaged through the data close date. The median value is 82.10 basis points.

Source: For data through July 13, 2022, Barclays and S&P Global; for data from July 14, 2022, onward, ICAP, Swaptions and Interest Rate Caps and Floors Data.

Return to text

Figure 1.4. Before the April volatility, the price-to-earnings ratio of S&P 500 firms was close to the upper end of its historical range

Ratio

Date	Forward Price-to-Earnings Ratio
1989-01-01	10.064110802912
1989-02-01	10.1354222229556
1989-03-01	10.1118907575573
1989-04-01	10.4208422960037
1989-05-01	10.7228503267809
1989-06-01	10.8503272103165
1989-07-01	11.2392063298721
1989-08-01	11.5545359809383
1989-09-01	11.505456366053
1989-10-01	11.4766891995802
1989-11-01	11.5116630948326
1989-12-01	11.8814382162163
1990-01-01	11.5254884050489
1990-02-01	11.2996928101197
1990-03-01	11.4927275307601
1990-04-01	11.6484928030107
1990-05-01	12.0715274574721
1990-06-01	12.3790950139676
1990-07-01	12.389249111871
1990-08-01	11.509989759019
1990-09-01	10.7870881438221
1990-10-01	10.3022802927542
1990-11-01	11.1826199492623
1990-12-01	11.662210108803
1991-01-01	11.2520640043292
1991-02-01	13.4296807459093
1991-03-01	13.7676714785148
1991-04-01	14.4449010371573
1991-05-01	13.641204704472
1991-06-01	13.9019642983841
1991-07-01	14.1588209489215
1991-08-01	14.398418029754
1991-09-01	14.20983729807
1991-10-01	14.3178216743727
1991-11-01	14.4580045225799
1991-12-01	14.0149520598111
1992-01-01	15.3733323031005
1992-02-01	15.0168594068823
1992-03-01	14.8698088616637
1992-04-01	14.8084755977545
1992-05-01	14.7011620229824
1992-06-01	14.0118362993815
1992-07-01	14.4287621550403
1992-08-01	14.4493247427932
1992-09-01	14.406782642525
1992-10-01	14.0007167848967
1992-11-01	14.5131123587035
1992-12-01	14.7028605626593
1993-01-01	14.6080223169136
1993-02-01	14.6585882859443
1993-03-01	15.0088198818986
1993-04-01	15.0293661117014
1993-05-01	14.7210731692772
1993-06-01	14.6368211915481
1993-07-01	14.6338443242581
1993-08-01	14.7629996493623
1993-09-01	14.8018828858099
1993-10-01	14.6402232720415
1993-11-01	14.6646018829395
1993-12-01	14.4752788075255
1994-01-01	14.7450808686928
1994-02-01	14.6017375805503
1994-03-01	14.3343066705941
1994-04-01	13.4598086943879
1994-05-01	13.420290223906
1994-06-01	13.4712919557443
1994-07-01	13.0052748568204
1994-08-01	13.2082100738755
1994-09-01	13.1110098551345
1994-10-01	12.9188184051976
1994-11-01	12.5574339767481
1994-12-01	12.0891290185103
1995-01-01	12.3127780410304
1995-02-01	12.4846044330741
1995-03-01	12.5093094620331
1995-04-01	12.6617877916398
1995-05-01	12.9076914866376
1995-06-01	13.0562154746262
1995-07-01	13.3014131875827
1995-08-01	13.3509455423534
1995-09-01	13.671903647231
1995-10-01	13.7722548220036
1995-11-01	13.8051953598625
1995-12-01	14.319961632033
1996-01-01	14.0113131536269
1996-02-01	15.2297614657425
1996-03-01	14.8044600666095
1996-04-01	14.7866414671288
1996-05-01	15.1905129694677
1996-06-01	14.7283326112878
1996-07-01	14.4049772575256
1996-08-01	14.9199060382805
1996-09-01	15.2446963291274
1996-10-01	15.6118443549207
1996-11-01	16.0707532409268
1996-12-01	15.8460167641205
1997-01-01	16.457820021374
1997-02-01	17.359108102395
1997-03-01	16.6476818115338
1997-04-01	16.0273920536681
1997-05-01	17.3854748006869
1997-06-01	18.3932755738513
1997-07-01	19.2279938617655
1997-08-01	18.6785335828538
1997-09-01	18.9185269643148
1997-10-01	19.1994059525628
1997-11-01	18.6019317164569
1997-12-01	18.8728643214239
1998-01-01	18.6649143714561
1998-02-01	20.366879142821
1998-03-01	21.4253622941911
1998-04-01	21.9020402536955
1998-05-01	21.6885812582682
1998-06-01	21.4202705761609
1998-07-01	22.7744924717585
1998-08-01	21.167831185028
1998-09-01	20.0165891590059
1998-10-01	19.2755156626689
1998-11-01	22.0212200543763
1998-12-01	22.3009038772995
1999-01-01	23.7010191646146
1999-02-01	23.5295776914123
1999-03-01	24.7252707402268
1999-04-01	24.9502029241696
1999-05-01	24.737698591688
1999-06-01	24.2960543007422
1999-07-01	25.4370560898055
1999-08-01	23.9050159553281
1999-09-01	23.4639044891727
1999-10-01	22.5468085690531
1999-11-01	24.4966606213728
1999-12-01	24.4216063395644
2000-01-01	24.8526280684284
2000-02-01	24.0257313637783
2000-03-01	23.7296035905427
2000-04-01	23.9131338781726
2000-05-01	23.8836164983607
2000-06-01	24.0995032606436
2000-07-01	24.0958842601019
2000-08-01	23.8546315068722
2000-09-01	23.8565939673928
2000-10-01	21.4411792314232
2000-11-01	22.2487610417763
2000-12-01	22.1002841704971
2001-01-01	21.980041095514
2001-02-01	22.1013981656308
2001-03-01	19.721566866201
2001-04-01	21.4100868169347
2001-05-01	22.2361740413079
2001-06-01	21.6729885388608
2001-07-01	21.6057563344248
2001-08-01	21.1658220386153
2001-09-01	18.4180719212926
2001-10-01	20.3744301491753
2001-11-01	21.5017609903655
2001-12-01	21.5723789036184
2002-01-01	21.0024094431207
2002-02-01	20.4702480466719
2002-03-01	20.7532071754425
2002-04-01	20.171073082368
2002-05-01	19.4014146430162
2002-06-01	18.1097251506246
2002-07-01	16.1454240985735
2002-08-01	16.5988766877319
2002-09-01	15.7165692408424
2002-10-01	15.7735548249759
2002-11-01	16.0242939089624
2002-12-01	16.1194385199582
2003-01-01	16.4802321137909
2003-02-01	15.349024328644
2003-03-01	15.7129018533177
2003-04-01	15.6828023772104
2003-05-01	16.5651766572087
2003-06-01	17.6914210433573
2003-07-01	17.274792080051
2003-08-01	16.9382064572688
2003-09-01	17.4154393976148
2003-10-01	17.5043713952007
2003-11-01	17.1008170529711
2003-12-01	17.4275257771095
2004-01-01	18.0940757308309
2004-02-01	18.0902616114029
2004-03-01	17.3956291145095
2004-04-01	17.1036986759829
2004-05-01	15.9745279072608
2004-06-01	16.4098846677644
2004-07-01	15.9267204599172
2004-08-01	15.5172629518374
2004-09-01	15.771878274983
2004-10-01	15.4860450001677
2004-11-01	16.1670460056993
2004-12-01	16.3193680911473
2005-01-01	15.9499112028002
2005-02-01	16.1652287316635
2005-03-01	15.6438383149876
2005-04-01	15.3028866788099
2005-05-01	15.2783617561695
2005-06-01	15.4154590085281
2005-07-01	15.4085583701055
2005-08-01	15.1390956950401
2005-09-01	14.9553120035627
2005-10-01	14.336515875131
2005-11-01	14.6093873123602
2005-12-01	14.9776075944652
2006-01-01	14.9025922006816
2006-02-01	14.9313101753656
2006-03-01	15.0627631393822
2006-04-01	14.993025732677
2006-05-01	14.2964640846227
2006-06-01	13.6930243996225
2006-07-01	13.902581440556
2006-08-01	14.1262340888069
2006-09-01	14.263941966287
2006-10-01	14.6570800379406
2006-11-01	14.8065253905685
2006-12-01	14.8241477692641
2007-01-01	15.0133961274988
2007-02-01	15.3888478698841
2007-03-01	14.5557281950038
2007-04-01	15.314950096389
2007-05-01	15.5088830092269
2007-06-01	15.2980973218847
2007-07-01	15.4087784531208
2007-08-01	13.8715279778555
2007-09-01	15.0078767611285
2007-10-01	15.0157731555396
2007-11-01	14.323053262996
2007-12-01	14.1983145191767
2008-01-01	13.4931634833754
2008-02-01	13.6780353849857
2008-03-01	13.0898493271686
2008-04-01	13.8049982775038
2008-05-01	14.3033298656706
2008-06-01	13.5072997141024
2008-07-01	12.5960896553764
2008-08-01	13.288734744175
2008-09-01	12.0103624199678
2008-10-01	9.93252550065944
2008-11-01	9.73580829321532
2008-12-01	11.8748079382443
2009-01-01	11.4796347445491
2009-02-01	12.4565132922198
2009-03-01	12.421535991889
2009-04-01	13.5093048668462
2009-05-01	14.6552198789424
2009-06-01	14.7260586716719
2009-07-01	14.7963737894653
2009-08-01	15.2042682748808
2009-09-01	15.9084665425265
2009-10-01	15.8514274730089
2009-11-01	15.1212215514868
2009-12-01	14.8883697940348
2010-01-01	14.8020287822228
2010-02-01	13.809939387295
2010-03-01	14.4376211730235
2010-04-01	14.8238280250841
2010-05-01	12.9866581776816
2010-06-01	12.8168055282933
2010-07-01	12.4946295481757
2010-08-01	12.1001458946644
2010-09-01	12.3534762926281
2010-10-01	12.8359866600289
2010-11-01	12.5666880591668
2010-12-01	13.0311672490106
2011-01-01	13.2128103740831
2011-02-01	13.70426763453
2011-03-01	12.6064716168015
2011-04-01	12.9692671508975
2011-05-01	12.8947060891203
2011-06-01	12.066230875752
2011-07-01	12.6372444564771
2011-08-01	11.2822930747141
2011-09-01	11.242226718167
2011-10-01	11.4983601096016
2011-11-01	11.6733337369285
2011-12-01	11.4038309133275
2012-01-01	12.3276044642031
2012-02-01	12.6341020465426
2012-03-01	12.9629181529635
2012-04-01	12.6561654514458
2012-05-01	12.0116963355424
2012-06-01	11.8910419697172
2012-07-01	12.5921672871056
2012-08-01	12.9169715061824
2012-09-01	13.3359739539734
2012-10-01	13.2071677470199
2012-11-01	12.187745020095
2012-12-01	12.8569632611251
2013-01-01	13.1206049846258
2013-02-01	13.5310721962038
2013-03-01	13.7165811942126
2013-04-01	13.5902676488249
2013-05-01	14.4772550802197
2013-06-01	14.1015518757966
2013-07-01	14.507927838336
2013-08-01	14.57985486345
2013-09-01	14.8363440774613
2013-10-01	14.7112671860007
2013-11-01	15.0308805447839
2013-12-01	15.1982258684664
2014-01-01	15.4241601201696
2014-02-01	15.4339421580895
2014-03-01	15.6027022900579
2014-04-01	15.4570274203524
2014-05-01	15.4500095246775
2014-06-01	15.8286128445159
2014-07-01	15.9653986622669
2014-08-01	15.5462291556942
2014-09-01	15.8910908608549
2014-10-01	14.759410179516
2014-11-01	16.1895494186558
2014-12-01	16.1127766016762
2015-01-01	16.2280243588432
2015-02-01	17.350694640561
2015-03-01	17.2723659330419
2015-04-01	17.286198897702
2015-05-01	17.0888119748026
2015-06-01	16.9584571263974
2015-07-01	16.9766496330053
2015-08-01	16.7530293721275
2015-09-01	16.0927821737259
2015-10-01	16.1397737090767
2015-11-01	16.797541869479
2015-12-01	16.6882023180914
2016-01-01	15.297622004765
2016-02-01	15.9099169426857
2016-03-01	16.7099468353909
2016-04-01	17.0918239395365
2016-05-01	16.6750382234222
2016-06-01	16.7466186553525
2016-07-01	17.3994784115693
2016-08-01	17.5192415089126
2016-09-01	16.9188228468421
2016-10-01	16.8911586241555
2016-11-01	16.9462384040276
2016-12-01	17.3268287456006
2017-01-01	17.2743889700111
2017-02-01	17.9105235574604
2017-03-01	18.0368223022344
2017-04-01	17.541224991596
2017-05-01	17.494006071254
2017-06-01	17.9088713246164
2017-07-01	18.2279600013002
2017-08-01	18.0943139217785
2017-09-01	18.1817029005657
2017-10-01	18.4438565783337
2017-11-01	18.1446526326786
2017-12-01	18.6367104929842
2018-01-01	18.7257328207539
2018-02-01	17.279344877067
2018-03-01	17.3750595600644
2018-04-01	16.9214836717483
2018-05-01	16.6822308552441
2018-06-01	16.8403883986784
2018-07-01	17.0287087453872
2018-08-01	16.8202347859514
2018-09-01	17.2101424489951
2018-10-01	16.4977198244726
2018-11-01	15.7189892867683
2018-12-01	14.6490817468018
2019-01-01	15.4539721833922
2019-02-01	16.3434015638687
2019-03-01	16.6024493419952
2019-04-01	17.0790649766742
2019-05-01	16.6616217880659
2019-06-01	17.0282419266586
2019-07-01	17.4491478873707
2019-08-01	16.5418216365598
2019-09-01	17.402281824023
2019-10-01	17.3125697013795
2019-11-01	17.8324734407705
2019-12-01	18.2518067671224
2020-01-01	18.731997924346
2020-02-01	19.2700419780267
2020-03-01	14.1265846133272
2020-04-01	18.9302114255266
2020-05-01	20.5199081168649
2020-06-01	22.3996981140718
2020-07-01	23.0960021815431
2020-08-01	23.098581958205
2020-09-01	22.6384759576322
2020-10-01	22.80968977665
2020-11-01	22.2430256119932
2020-12-01	22.5584849508302
2021-01-01	23.047520270662
2021-02-01	22.7583998940788
2021-03-01	22.4539954590076
2021-04-01	22.6451838339713
2021-05-01	21.3311951066226
2021-06-01	21.5963940892116
2021-07-01	22.1789362424471
2021-08-01	21.4361099328753
2021-09-01	21.6313985994011
2021-10-01	20.8059679212209
2021-11-01	21.8404558029026
2021-12-01	21.6017430381825
2022-01-01	20.550658317044
2022-02-01	19.9591492989646
2022-03-01	19.1292162524317
2022-04-01	19.324943304405
2022-05-01	16.8658669606084
2022-06-01	16.162820292381
2022-07-01	16.3361368573527
2022-08-01	18.6076238980905
2022-09-01	17.1122739037861
2022-10-01	16.1641451696778
2022-11-01	17.5809159796143
2022-12-01	17.6435064012813
2023-01-01	17.492485566549
2023-02-01	18.6614603473972
2023-03-01	17.4153677532704
2023-04-01	18.5735700832302
2023-05-01	18.4150757722174
2023-06-01	19.1929535746909
2023-07-01	20.1609955513474
2023-08-01	19.1068836295728
2023-09-01	19.1319114701453
2023-10-01	18.30832480086
2023-11-01	18.8827195626935
2023-12-01	19.4745952973752
2024-01-01	19.5766986249909
2024-02-01	20.4709590401001
2024-03-01	20.8097089772544
2024-04-01	20.0990943716271
2024-05-01	20.9227457510074
2024-06-01	21.349270430946
2024-07-01	21.7645201423505
2024-08-01	21.0951927268468
2024-09-01	21.5206248967076
2024-10-01	22.1790073569198
2024-11-01	22.4323211975299
2024-12-01	21.7273191358289
2025-01-01	21.7814877979262
2025-02-01	22.5271294564709
2025-03-01	20.5331067990401

Note: The figure shows the aggregate forward price-to-earnings ratio of Standard & Poor's (S&P) 500 firms, based on expected earnings for 12 months ahead. Values are reported as of month-end. The median value is 15.77 ratio.

Source: LSEG, Institutional Brokers' Estimate System, North American Summary & Detail Estimates, Level 2, Current & History Data, Adjusted and Unadjusted, https://www.lseg.com/en/data-analytics/financial-data/company-data/ibes-estimates.

Return to text

Figure 1.5. As of March, an estimate of the equity premium was near a 20-year low

Percentage points

Date	Spread
1991-10-01	3.31267604122933
1991-11-01	3.29698195133821
1991-12-01	3.80522559451709
1992-01-01	2.88087210549424
1992-02-01	2.79489805269168
1992-03-01	2.73275094491514
1992-04-01	3.00402267735771
1992-05-01	3.1427787727378
1992-06-01	3.59386471700855
1992-07-01	3.57447670892668
1992-08-01	3.78320030459405
1992-09-01	3.92843222153843
1992-10-01	3.83839467424281
1992-11-01	3.38413967642048
1992-12-01	3.38594617164295
1993-01-01	3.48980371608156
1993-02-01	3.80610691493826
1993-03-01	3.87430660963222
1993-04-01	4.09325310440521
1993-05-01	4.22508324077965
1993-06-01	4.40839797526495
1993-07-01	4.33086696902072
1993-08-01	4.35460606320371
1993-09-01	4.64891270083862
1993-10-01	4.76791317807311
1993-11-01	4.38568684199905
1993-12-01	4.44614258965064
1994-01-01	4.35771370210068
1994-02-01	4.18045295459611
1994-03-01	3.79525102429644
1994-04-01	3.82654669631632
1994-05-01	3.6764559484889
1994-06-01	3.73633080227627
1994-07-01	3.79914501786774
1994-08-01	3.75038984676865
1994-09-01	3.58191422457891
1994-10-01	3.43762793515621
1994-11-01	3.46548056978495
1994-12-01	3.88641356101905
1995-01-01	3.5419640081
1995-02-01	3.7607653134
1995-03-01	3.98370460927977
1995-04-01	4.09007754365385
1995-05-01	4.3815485784795
1995-06-01	4.72176608343636
1995-07-01	4.32247877287545
1995-08-01	4.08466379719548
1995-09-01	4.1805113479478
1995-10-01	4.11660850923124
1995-11-01	4.21785555845324
1995-12-01	4.1581803668457
1996-01-01	4.36911907489476
1996-02-01	3.64644775493885
1996-03-01	3.34515472981229
1996-04-01	3.09549661776768
1996-05-01	2.74438796291186
1996-06-01	2.80554061899495
1996-07-01	3.03370020860268
1996-08-01	3.03042570058195
1996-09-01	2.6548527530005
1996-10-01	2.80365711254795
1996-11-01	2.94404767164958
1996-12-01	2.95244486352662
1997-01-01	2.45606030185991
1997-02-01	2.28071960149389
1997-03-01	2.2210551947253
1997-04-01	2.11240566298368
1997-05-01	1.81472270217943
1997-06-01	1.69467720169229
1997-07-01	1.87930688099582
1997-08-01	1.9319763238801
1997-09-01	1.93815122929938
1997-10-01	1.68115792267904
1997-11-01	2.02955059517511
1997-12-01	2.04435300722786
1998-01-01	2.2940112809839
1998-02-01	1.77879613083
1998-03-01	1.46024453532118
1998-04-01	1.26821173626067
1998-05-01	1.28895881361285
1998-06-01	1.50267632912118
1998-07-01	1.27851634570859
1998-08-01	1.75731299787876
1998-09-01	2.48071967544038
1998-10-01	2.8590858533259
1998-11-01	1.96118659575216
1998-12-01	2.04262173899159
1999-01-01	1.44202973797905
1999-02-01	1.20164357529689
1999-03-01	0.757431610976651
1999-04-01	1.00753510545467
1999-05-01	0.71484316666079
1999-06-01	0.430594382775135
1999-07-01	0.329298397012053
1999-08-01	0.396721316347228
1999-09-01	0.456570814469048
1999-10-01	0.426752582212697
1999-11-01	0.243985079960101
1999-12-01	0.0263758767567293
2000-01-01	-0.3036891170661
2000-02-01	-0.042919277523799
2000-03-01	0.210407817457346
2000-04-01	0.41997135683579
2000-05-01	0.0155006740449553
2000-06-01	0.319056909747865
2000-07-01	0.41284162839425
2000-08-01	0.634467013022303
2000-09-01	0.63177966006575
2000-10-01	1.2119061379059
2000-11-01	1.10181444280762
2000-12-01	1.56971354919645
2001-01-01	1.66628746334638
2001-02-01	1.67364118375751
2001-03-01	2.39237346545568
2001-04-01	1.7758186219528
2001-05-01	1.3994129539465
2001-06-01	1.606918078675
2001-07-01	1.68450956392391
2001-08-01	1.98410514843557
2001-09-01	2.8810499678
2001-10-01	2.6013127309
2001-11-01	2.2600768613
2001-12-01	1.7822223693
2002-01-01	1.93730608464762
2002-02-01	2.14819654923684
2002-03-01	1.7190423432
2002-04-01	1.96846717907273
2002-05-01	2.25507241860909
2002-06-01	2.863144958
2002-07-01	3.79219173733637
2002-08-01	3.98948133292727
2002-09-01	4.6986067641
2002-10-01	4.53730682688182
2002-11-01	4.36540878952632
2002-12-01	4.34441383732381
2003-01-01	4.26731855874286
2003-02-01	4.87718261551579
2003-03-01	4.82627300997619
2003-04-01	4.71275902784762
2003-05-01	4.79325072749048
2003-06-01	4.64599051893333
2003-07-01	4.1532316847
2003-08-01	3.76095565174286
2003-09-01	3.79622188389048
2003-10-01	3.76704958549091
2003-11-01	3.89580714273333
2003-12-01	3.82640372575454
2004-01-01	3.7465408003
2004-02-01	3.80877813926316
2004-03-01	4.28676613167391
2004-04-01	3.85009335800476
2004-05-01	3.884605902
2004-06-01	3.70994042615238
2004-07-01	4.13800414344762
2004-08-01	4.51091730338182
2004-09-01	4.5764989212
2004-10-01	4.7201566702
2004-11-01	4.3635618739
2004-12-01	4.28602460753636
2005-01-01	4.4044723809
2005-02-01	4.38979091521053
2005-03-01	4.25537948163636
2005-04-01	4.61210051018571
2005-05-01	4.82325198034762
2005-06-01	4.91621282431818
2005-07-01	4.7444148075
2005-08-01	4.76996217938696
2005-09-01	4.9058254413381
2005-10-01	4.918420429
2005-11-01	4.6848690174
2005-12-01	4.6050718212381
2006-01-01	4.7076619937
2006-02-01	4.53818329042105
2006-03-01	4.31557077779565
2006-04-01	4.09650988816316
2006-05-01	4.30824565010909
2006-06-01	4.62141579312727
2006-07-01	4.5432487722
2006-08-01	4.63587970321304
2006-09-01	4.7126197207
2006-10-01	4.52324608890476
2006-11-01	4.59244088816191
2006-12-01	4.6117903498
2007-01-01	4.18104671612857
2007-02-01	4.04917542469474
2007-03-01	4.57084297724546
2007-04-01	4.155167473
2007-05-01	4.03230398223636
2007-06-01	3.76214632548571
2007-07-01	3.80658806488095
2007-08-01	4.81129811662174
2007-09-01	4.43419930024737
2007-10-01	4.42738646647273
2007-11-01	5.0818415975
2007-12-01	5.1698345065
2008-01-01	5.99133667357619
2008-02-01	5.8645164681
2008-03-01	6.4061423389
2008-04-01	5.85850317606573
2008-05-01	5.40155515872908
2008-06-01	5.59621373283047
2008-07-01	6.25108534370653
2008-08-01	5.96315183608711
2008-09-01	6.93164343399366
2008-10-01	8.31060103569268
2008-11-01	8.73793304022563
2008-12-01	7.98668882116921
2009-01-01	8.05063854742808
2009-02-01	7.04062340784376
2009-03-01	7.20469780799335
2009-04-01	6.64821013643963
2009-05-01	5.70183230922508
2009-06-01	5.23594692024012
2009-07-01	5.38605357241467
2009-08-01	5.1965194986808
2009-09-01	5.10599906411545
2009-10-01	4.9372229579199
2009-11-01	5.2361276050491
2009-12-01	5.19827028088101
2010-01-01	5.25152014371086
2010-02-01	5.78180874961631
2010-03-01	5.46113139937852
2010-04-01	5.20946405493204
2010-05-01	6.54460537790297
2010-06-01	6.84803801114505
2010-07-01	7.15991000286431
2010-08-01	7.77098586119029
2010-09-01	7.63624457825532
2010-10-01	7.35463703444428
2010-11-01	7.32850111386603
2010-12-01	6.48288238660822
2011-01-01	6.39829256006077
2011-02-01	5.95850755370971
2011-03-01	6.74389891538824
2011-04-01	6.57686091166917
2011-05-01	6.91099197972141
2011-06-01	7.61459666951775
2011-07-01	7.23252748023923
2011-08-01	8.8958681586292
2011-09-01	9.25280164568387
2011-10-01	8.9786423370627
2011-11-01	9.01163311678091
2011-12-01	9.25633543964572
2012-01-01	8.41981111544734
2012-02-01	8.23234066736021
2012-03-01	7.81343512624052
2012-04-01	8.31444928004019
2012-05-01	9.00779151775453
2012-06-01	9.27443004355411
2012-07-01	8.77457324602172
2012-08-01	8.40137016833512
2012-09-01	8.1353044187344
2012-10-01	8.14277466828375
2012-11-01	8.86926825229727
2012-12-01	8.37704642150164
2013-01-01	8.01776167421252
2013-02-01	7.7088394650598
2013-03-01	7.63495140101444
2013-04-01	7.92053407735572
2013-05-01	7.28381857739307
2013-06-01	7.06442810058767
2013-07-01	6.48583767228104
2013-08-01	6.27895155632149
2013-09-01	6.10438996118176
2013-10-01	6.44607459236323
2013-11-01	6.19170173705419
2013-12-01	5.93081058331541
2014-01-01	5.88751613367488
2014-02-01	6.02878919892135
2014-03-01	5.95024618748786
2014-04-01	5.97828258067209
2014-05-01	6.13966887744832
2014-06-01	5.93629205627505
2014-07-01	5.89187727098481
2014-08-01	6.17510898572176
2014-09-01	5.9187770722901
2014-10-01	6.62748853310448
2014-11-01	6.00246302977366
2014-12-01	6.16313223817464
2015-01-01	6.33924955758748
2015-02-01	5.82576327316909
2015-03-01	5.79419024610289
2015-04-01	5.93134814042074
2015-05-01	5.72121684584613
2015-06-01	5.60487195321566
2015-07-01	5.68083467156695
2015-08-01	5.91620303170709
2015-09-01	6.14821830336009
2015-10-01	6.23917372253793
2015-11-01	5.77864675193824
2015-12-01	5.83968446477105
2016-01-01	6.5184847915464
2016-02-01	6.56632792657415
2016-03-01	6.15585950623602
2016-04-01	6.21063159326073
2016-05-01	6.34797822171512
2016-06-01	6.49488197551596
2016-07-01	6.37307371727276
2016-08-01	6.27259227296428
2016-09-01	6.39646716827359
2016-10-01	6.34811699404142
2016-11-01	5.92861458352045
2016-12-01	5.43346322861085
2017-01-01	5.6136217031665
2017-02-01	5.41902549830846
2017-03-01	5.32070514477305
2017-04-01	5.66899824675205
2017-05-01	5.67334814331075
2017-06-01	5.67352478589448
2017-07-01	5.39402742829457
2017-08-01	5.54224586362142
2017-09-01	5.53036486318696
2017-10-01	5.25436910335882
2017-11-01	5.34344180157218
2017-12-01	5.1442637785006
2018-01-01	4.99734019362924
2018-02-01	5.15500381426546
2018-03-01	5.15168550056193
2018-04-01	5.34326157302825
2018-05-01	5.30723848930116
2018-06-01	5.31211484416694
2018-07-01	5.172259682182
2018-08-01	5.25022455403996
2018-09-01	5.00393240686363
2018-10-01	5.11388914495841
2018-11-01	5.44672219136154
2018-12-01	6.20385065980553
2019-01-01	5.96531874926428
2019-02-01	5.64505621331343
2019-03-01	5.64791719268041
2019-04-01	5.51533101941168
2019-05-01	5.7922258116743
2019-06-01	5.98602186038227
2019-07-01	5.87023888318618
2019-08-01	6.60874705019441
2019-09-01	6.23063786102807
2019-10-01	6.26249547936093
2019-11-01	5.97663649748493
2019-12-01	5.78976677805025
2020-01-01	5.76305884767919
2020-02-01	5.87222334204315
2020-03-01	8.33885641435579
2020-04-01	6.69401832570881
2020-05-01	6.29891617140407
2020-06-01	5.84821861408432
2020-07-01	5.73121730387897
2020-08-01	5.71110818230923
2020-09-01	5.77395372517924
2020-10-01	5.72092551678723
2020-11-01	5.74860177991579
2020-12-01	5.62533544906364
2021-01-01	5.46221946533684
2021-02-01	5.32170833848947
2021-03-01	4.98232429264348
2021-04-01	5.02734547434546
2021-05-01	5.3110798723
2021-06-01	5.35597081231818
2021-07-01	5.59186823238571
2021-08-01	5.78880279802727
2021-09-01	5.6603476838381
2021-10-01	5.7386632837
2021-11-01	5.5244440217
2021-12-01	5.65466970256364
2022-01-01	5.5283591661
2022-02-01	5.50562831454211
2022-03-01	5.5427057043
2022-04-01	5.1634944246
2022-05-01	5.75105392301905
2022-06-01	5.74744379290476
2022-07-01	5.9317682763
2022-08-01	5.21484564322609
2022-09-01	5.03563968148095
2022-10-01	5.0389969168
2022-11-01	4.6383607748
2022-12-01	4.95568380907619
2023-01-01	4.5214304609
2023-02-01	3.93132164502632
2023-03-01	4.3612898122087
2023-04-01	4.2164045445
2023-05-01	4.1428333441
2023-06-01	3.75195978601429
2023-07-01	3.3985775195
2023-08-01	3.40958977894348
2023-09-01	3.1652492627
2023-10-01	2.94551998272381
2023-11-01	3.08597590252857
2023-12-01	3.4351048963
2024-01-01	3.23238024166667
2024-02-01	2.8523339848
2024-03-01	2.7937092309
2024-04-01	2.73861672991818
2024-05-01	2.59800559661818
2024-06-01	2.68453765250526
2024-07-01	2.61416107792727
2024-08-01	3.14715742459091
2024-09-01	3.2126152179
2024-10-01	2.61374078847273
2024-11-01	2.29428500924737
2024-12-01	2.40519586759524
2025-01-01	2.22141175435714
2025-02-01	2.26058673004211
2025-03-01	2.85116931478571

Note: The data begin in October 1991. The figure shows the difference between the aggregate forward earnings-to-price ratio of Standard and Poor's 500 firms and the expected real Treasury yields, based on expected earnings for 12 months ahead. Expected real Treasury yields are calculated from the 10-year consumer price index inflation forecast, and the smoothed nominal yield curve is estimated from off-the-run securities. Values are reported as of month-end. The median value is 4.64 percentage points.

Return to text

Figure 1.6. Volatility in equity markets rose significantly in April

Percent

Date	Option-implied volatility	Realized volatility
1996-01-01	13.4736363636364	11.6663826264131
1996-02-01	15.033	11.4973930524979
1996-03-01	17.762380952381	14.5810666704466
1996-04-01	16.2122222222222	12.2591183530554
1996-05-01	16.1463636363636	11.3233711656671
1996-06-01	16.5035294117647	11.1204336353014
1996-07-01	17.9786363636364	15.0482844244086
1996-08-01	15.7604545454545	13.4443803394265
1996-09-01	16.578	11.1915085002233
1996-10-01	16.2863636363636	9.86931577527414
1996-11-01	15.997	10.2714288415374
1996-12-01	19.2609523809524	13.4372248938374
1997-01-01	19.6166666666667	14.6085661690372
1997-02-01	20.1394736842105	14.8383612518443
1997-03-01	20.17	14.6451027244658
1997-04-01	19.6955	17.1843655855043
1997-05-01	19.9247619047619	16.3833401010459
1997-06-01	20.1942857142857	15.0108530159617
1997-07-01	20.5085714285714	16.1780053573618
1997-08-01	23.0847619047619	18.1343247330154
1997-09-01	23.7994736842105	18.7876855592377
1997-10-01	23.8708695652174	18.8368934847782
1997-11-01	31.9842105263158	24.0347303094833
1997-12-01	26.2763636363636	18.5419513753935
1998-01-01	23.8665	17.9249875270998
1998-02-01	19.9989473684211	15.3820876269045
1998-03-01	20.032380952381	12.6870374325137
1998-04-01	22.1621052631579	13.0208652751673
1998-05-01	20.874	13.9594481627221
1998-06-01	21.6627272727273	15.6129071674663
1998-07-01	20.2326315789474	14.6311064859157
1998-08-01	31.5880952380952	22.8301282402054
1998-09-01	38.132	34.2707896751002
1998-10-01	36.6081818181818	33.0730395851114
1998-11-01	26.223	23.1777975007602
1998-12-01	25.4790909090909	18.9702168626633
1999-01-01	27.9688888888889	19.5363794055045
1999-02-01	28.8226315789474	21.7529161976383
1999-03-01	25.3095652173913	20.6755766686892
1999-04-01	23.4785714285714	19.8806632622962
1999-05-01	26.2045	20.9785251072403
1999-06-01	23.5457142857143	19.2818849755546
1999-07-01	21.0490476190476	16.5655217184788
1999-08-01	24.3236363636364	17.7632588638694
1999-09-01	24.5414285714286	18.9888686977845
1999-10-01	24.0214285714286	20.9314652971119
1999-11-01	21.8180952380952	19.2763427493598
1999-12-01	22.1590909090909	16.9120405923571
2000-01-01	23.202	19.2716616385063
2000-02-01	23.5955	21.8833452622965
2000-03-01	22.7340909090909	24.4155085201582
2000-04-01	27.1642105263158	32.6965575097925
2000-05-01	26.3731818181818	28.6884388056352
2000-06-01	21.54	22.9159887391989
2000-07-01	19.893	17.9987926804767
2000-08-01	18.0886956521739	16.2283438033982
2000-09-01	19.6875	15.2254036428257
2000-10-01	25.2	23.3833145711902
2000-11-01	26.3828571428572	24.8380365427637
2000-12-01	26.5305	25.2669236115473
2001-01-01	24.9185714285714	27.3878257538166
2001-02-01	23.4115789473684	21.5718068049849
2001-03-01	28.5355	26.8375641821688
2001-04-01	28.134	28.2777212962612
2001-05-01	22.9440909090909	21.9312604781119
2001-06-01	20.9404761904762	18.0870248581235
2001-07-01	22.3161904761905	17.4239650588936
2001-08-01	21.8617391304348	16.9886742500906
2001-09-01	35.0653333333333	25.3637193220787
2001-10-01	32.6122727272727	27.4441014003576
2001-11-01	26.6309523809524	23.7044954415676
2001-12-01	23.72	18.8122358973421
2002-01-01	22.2528571428571	16.0866095859066
2002-02-01	22.8757894736842	19.0253599882566
2002-03-01	18.985	18.1633740861285
2002-04-01	19.9004545454546	16.3590711094734
2002-05-01	20.0877272727273	17.4757659321607
2002-06-01	25.271	21.1510291904096
2002-07-01	34.0495454545455	33.8133362246901
2002-08-01	33.7427272727273	38.0071706872692
2002-09-01	37.6475	31.1583928669737
2002-10-01	35.4295454545455	35.116474672263
2002-11-01	28.175	29.8384399414805
2002-12-01	28.2104761904762	23.9863849197033
2003-01-01	27.5063157894737	21.4685594872853
2003-02-01	32.2184210526316	23.2655767413121
2003-03-01	30.6342857142857	24.0282216020679
2003-04-01	23.9919047619048	22.7525916374613
2003-05-01	20.2395238095238	19.4122919583396
2003-06-01	20.362380952381	17.8916651289614
2003-07-01	19.1613636363636	17.9636840542995
2003-08-01	19.2742857142857	17.4531364857128
2003-09-01	19.532380952381	14.6387730759281
2003-10-01	18.0234782608696	14.4092153968176
2003-11-01	17.401052631579	13.1584356370659
2003-12-01	16.8263636363636	11.9101604320165
2004-01-01	15.9533333333333	11.1407726856754
2004-02-01	15.9984210526316	12.4254868199151
2004-03-01	17.6873913043478	13.1182094615701
2004-04-01	15.6985714285714	13.230938738289
2004-05-01	17.705	15.305761809812
2004-06-01	15.3571428571429	12.4773798125418
2004-07-01	15.502380952381	11.5664473294248
2004-08-01	16.6840909090909	12.5187754352403
2004-09-01	14.0809523809524	10.5221933553217
2004-10-01	14.97	10.5487195013259
2004-11-01	13.5771428571429	11.2203067139405
2004-12-01	12.4595454545455	10.5414645569925
2005-01-01	13.438	10.6902223867873
2005-02-01	11.7089473684211	9.97731000116881
2005-03-01	13.1263636363636	10.4595173625617
2005-04-01	14.4590476190476	11.9599170489153
2005-05-01	13.967619047619	13.134962704561
2005-06-01	11.8686363636364	10.8847139593805
2005-07-01	11.049	10.2999425206905
2005-08-01	12.9513043478261	9.67247272228311
2005-09-01	12.6280952380952	10.3359179457296
2005-10-01	14.937619047619	12.9424770586769
2005-11-01	12.147619047619	11.9933023880595
2005-12-01	11.26	9.8675646767045
2006-01-01	12.036	9.75051148838464
2006-02-01	12.4710526315789	10.3966065522215
2006-03-01	11.6939130434783	9.67627571505337
2006-04-01	11.8473684210526	10.1815922289463
2006-05-01	14.4545454545455	11.8837817277853
2006-06-01	16.9186363636364	15.1910703137744
2006-07-01	15.326	13.8217813630381
2006-08-01	13.3517391304348	12.2663516854617
2006-09-01	12.1845	9.58326590346204
2006-10-01	11.3063636363636	8.87557764476634
2006-11-01	10.817619047619	9.05360579923253
2006-12-01	10.9645	9.4815516105604
2007-01-01	11.0425	9.45487445685657
2007-02-01	11.1552631578947	9.09600120956389
2007-03-01	15.1627272727273	14.3399189544368
2007-04-01	12.933	11.4137785767908
2007-05-01	13.2977272727273	9.91931547559794
2007-06-01	14.947619047619	11.4191908344024
2007-07-01	17.2733333333333	13.5257616958797
2007-08-01	25.0260869565217	23.4477060272295
2007-09-01	22.1989473684211	19.7546727191667
2007-10-01	19.115652173913	15.5044799317971
2007-11-01	25.582380952381	21.5245986156506
2007-12-01	21.651	21.0081041138006
2008-01-01	25.8161904761905	25.1595443902524
2008-02-01	25.456	27.9651231111363
2008-03-01	27.1035	26.7467657832922
2008-04-01	21.5627272727273	21.3904728142026
2008-05-01	18.3033333333333	16.8197322926594
2008-06-01	22.1104761904762	17.4002097878696
2008-07-01	24.3213636363636	23.0735219022213
2008-08-01	20.6957142857143	20.3867242085388
2008-09-01	30.2385714285714	30.1329769225049
2008-10-01	61.1773913043478	66.4375306086645
2008-11-01	62.6689473684211	72.3914845671152
2008-12-01	52.405	61.6647280048752
2009-01-01	44.683	43.4520019059782
2009-02-01	45.5705263157895	40.518543180392
2009-03-01	44.7954545454545	42.7584660392607
2009-04-01	38.0638095238095	35.2337515039954
2009-05-01	31.978	29.4171786126785
2009-06-01	29.1404545454546	25.1083170027053
2009-07-01	26.1627272727273	21.5413522573981
2009-08-01	25.3371428571429	19.3430265456017
2009-09-01	24.9266666666667	17.5033795753525
2009-10-01	24.2522727272727	17.5879217536815
2009-11-01	23.789	19.5041722885127
2009-12-01	21.2395454545455	15.2817598718469
2010-01-01	20.6431578947368	12.8528195638169
2010-02-01	22.54	17.9377410860228
2010-03-01	17.7673913043478	14.1445217146874
2010-04-01	17.4242857142857	12.49933835649
2010-05-01	31.9295	27.623734302514
2010-06-01	29.9163636363636	27.0105058621569
2010-07-01	25.5652380952381	23.0430658473967
2010-08-01	24.7459090909091	18.9111566287723
2010-09-01	22.517619047619	16.8525678744506
2010-10-01	20.3733333333333	14.9039767239578
2010-11-01	20.0957142857143	13.9520555250625
2010-12-01	17.5695454545455	11.8535641755217
2011-01-01	17.3155	9.7464942788489
2011-02-01	17.43	10.6387995462264
2011-03-01	20.7234782608696	14.3172829674608
2011-04-01	16.244	12.423717682283
2011-05-01	16.9114285714286	12.3717491992294
2011-06-01	19.1531818181818	13.5716474051953
2011-07-01	19.2275	13.7909467609109
2011-08-01	35.0291304347826	31.7496025501201
2011-09-01	36.53	30.9755161451587
2011-10-01	32.8290476190476	30.1874343127581
2011-11-01	31.9419047619048	25.0381129072767
2011-12-01	25.047619047619	20.6375472260933
2012-01-01	20.228	15.4850780289221
2012-02-01	18.4205	12.421652397967
2012-03-01	16.1672727272727	10.911675916351
2012-04-01	17.823	11.5076964200805
2012-05-01	21.0018181818182	13.7339360343432
2012-06-01	21.1309523809524	15.5818654278295
2012-07-01	17.5652380952381	14.8148544651612
2012-08-01	15.6895652173913	13.1458729504915
2012-09-01	15.2847368421053	10.9870351126288
2012-10-01	16.2761904761905	11.2783559332581
2012-11-01	16.7019047619048	13.8237461390608
2012-12-01	17.307	12.8919251856457
2013-01-01	13.5052380952381	11.7582736519486
2013-02-01	14.0726315789474	9.6520789388797
2013-03-01	13.0315	10.1417958625858
2013-04-01	13.9672727272727	11.4596208567628
2013-05-01	13.4936363636364	11.6195203583621
2013-06-01	17.2715	14.5138444814056
2013-07-01	13.9745454545455	13.4950801392133
2013-08-01	14.21	10.4081993608929
2013-09-01	14.692	10.7019524811059
2013-10-01	15.4078260869565	11.21807726694
2013-11-01	12.924	9.89678706072969
2013-12-01	14.192380952381	9.50637162495375
2014-01-01	14.2409523809524	9.34206468279928
2014-02-01	15.47	11.777987021745
2014-03-01	14.8366666666667	11.6473949449642
2014-04-01	14.1980952380952	12.2112827352147
2014-05-01	12.4752380952381	10.9911143342341
2014-06-01	11.5414285714286	8.2615657654878
2014-07-01	12.2963636363636	7.98671032124111
2014-08-01	13.4919047619048	9.82781264742939
2014-09-01	13.4666666666667	8.81853405753084
2014-10-01	18.0586956521739	15.820748596115
2014-11-01	13.4131578947368	13.3968495779926
2014-12-01	16.2922727272727	12.6774772040865
2015-01-01	19.1195	15.759234398456
2015-02-01	15.9042105263158	15.0602811262193
2015-03-01	14.8127272727273	11.9078976508156
2015-04-01	13.4947619047619	11.364703822241
2015-05-01	13.3385	10.8719816234663
2015-06-01	14.3395454545455	10.1851195032933
2015-07-01	14.3527272727273	11.2006859008976
2015-08-01	19.4280952380952	17.1575949681695
2015-09-01	24.3771428571429	26.9296250994919
2015-10-01	16.7895454545455	19.5585685909946
2015-11-01	16.21	14.1244315105062
2015-12-01	18.0254545454546	14.7644061225139
2016-01-01	23.7178947368421	20.9791454336608
2016-02-01	22.517	23.7915987957633
2016-03-01	15.8490909090909	17.4425417601007
2016-04-01	14.3004761904762	12.5688435435181
2016-05-01	14.8528571428571	11.4571173116767
2016-06-01	17.7745454545455	11.1228760530755
2016-07-01	13.1585	11.5387372171738
2016-08-01	12.3995652173913	8.42569076951303
2016-09-01	14.2195238095238	9.50205482713928
2016-10-01	14.5852380952381	9.86532250191401
2016-11-01	15.2361904761905	10.7473982312473
2016-12-01	12.472380952381	9.01046468766452
2017-01-01	11.6085	8.06882423610752
2017-02-01	11.5305263157895	7.16870773751209
2017-03-01	11.8978260869565	7.20617297299502
2017-04-01	13.1363157894737	8.49345771011784
2017-05-01	10.8622727272727	7.24746919120191
2017-06-01	10.5136363636364	7.01321932247443
2017-07-01	10.2645	7.12022191727823
2017-08-01	11.975652173913	6.90783729936423
2017-09-01	10.438	6.54114068424878
2017-10-01	10.1254545454545	5.27380869791667
2017-11-01	10.5404761904762	5.84469197499055
2017-12-01	10.2645	7.23486783905455
2018-01-01	11.062380952381	6.77529905899922
2018-02-01	22.4647368421053	20.5721504465433
2018-03-01	19.0238095238095	19.2615640834143
2018-04-01	18.267619047619	19.5805484458155
2018-05-01	14.1245454545455	14.8103746552954
2018-06-01	13.6780952380952	11.0452836289463
2018-07-01	13.147619047619	10.0285163258459
2018-08-01	12.5469565217391	8.27082885707491
2018-09-01	12.9105263157895	8.19849332962807
2018-10-01	19.3521739130435	14.6775080483991
2018-11-01	19.3890476190476	20.3406487666913
2018-12-01	24.9531578947368	24.2317455199585
2019-01-01	19.572380952381	24.8129962087006
2019-02-01	15.2347368421053	16.160335642245
2019-03-01	14.4852380952381	12.5404682529623
2019-04-01	12.9490476190476	10.4208093031692
2019-05-01	16.7218181818182	11.9608030633009
2019-06-01	15.836	12.3023868735698
2019-07-01	13.3059090909091	9.34286115048788
2019-08-01	18.9790909090909	15.5076652123252
2019-09-01	15.559	13.7217017005773
2019-10-01	15.4665217391304	12.9385150083962
2019-11-01	12.5235	9.15404833940475
2019-12-01	13.7566666666667	8.39927473012052
2020-01-01	13.9409523809524	7.98355383933072
2020-02-01	19.6289473684211	12.2363524170413
2020-03-01	57.7368181818182	56.5576489890526
2020-04-01	41.4538095238095	53.4093532395918
2020-05-01	30.897	32.7557033274097
2020-06-01	31.1195454545455	25.6242914999863
2020-07-01	26.8404545454546	21.5027856015503
2020-08-01	22.8895238095238	15.3688330002694
2020-09-01	27.6476190476191	20.5415056161705
2020-10-01	29.4386363636364	19.5874192176127
2020-11-01	24.9955	20.0373094749187
2020-12-01	22.3740909090909	14.5490367388434
2021-01-01	24.91	13.9559636273483
2021-02-01	23.1405263157895	15.0591193181503
2021-03-01	21.8430434782609	18.376610114616
2021-04-01	17.4161904761905	13.2311277091831
2021-05-01	19.7605	12.8250046520734
2021-06-01	16.9568181818182	10.6030434355783
2021-07-01	17.6033333333333	9.52628737012905
2021-08-01	17.4727272727273	8.99518903255029
2021-09-01	19.8247619047619	9.90577855549413
2021-10-01	17.8714285714286	13.1453941094882
2021-11-01	18.5004761904762	10.7568943955781
2021-12-01	21.3545454545455	15.7953228575284
2022-01-01	23.181	17.9279217723941
2022-02-01	25.7484210526316	24.0628353572816
2022-03-01	26.9686956521739	24.4146401835716
2022-04-01	24.3735	19.5809876967717
2022-05-01	29.4457142857143	27.6665328089264
2022-06-01	28.1	26.5745239351029
2022-07-01	24.8685	24.1776928217589
2022-08-01	22.1695652173913	18.5849639157118
2022-09-01	27.4061904761905	21.3713137603152
2022-10-01	30.0057142857143	24.7818232076692
2022-11-01	23.4361904761905	23.4660840487657
2022-12-01	21.7842857142857	20.075307715754
2023-01-01	20.203	18.8729675113249
2023-02-01	20.0621052631579	18.0187056753452
2023-03-01	21.644347826087	18.4046297806671
2023-04-01	17.8178947368421	14.9685321310962
2023-05-01	17.6440909090909	12.8507754139519
2023-06-01	13.9942857142857	11.6559178135537
2023-07-01	13.944	9.79814140957003
2023-08-01	15.8539130434783	10.9967947277519
2023-09-01	15.241	11.2285405536224
2023-10-01	18.8877272727273	14.0328958201029
2023-11-01	14.0771428571429	12.8555024853563
2023-12-01	12.7185	10.5918721135995
2024-01-01	13.3952380952381	10.1508047641219
2024-02-01	13.944	10.2370017412197
2024-03-01	13.7875	10.2081788808302
2024-04-01	16.1377272727273	12.0375046447328
2024-05-01	13.0904545454545	11.7691199409997
2024-06-01	12.6768421052632	10.5634767482736
2024-07-01	14.47	10.8115390060073
2024-08-01	19.3122727272727	16.4265079349142
2024-09-01	17.8115789473684	14.7225265790269
2024-10-01	19.9608695652174	12.1715790927147
2024-11-01	16.121	11.0342699543303
2024-12-01	15.8661904761905	10.828263579162
2025-01-01	16.746	14.3311601633289
2025-02-01	17.0521052631579	13.6992233065134
2025-03-01	21.8414285714286	19.5753998925692
2025-04-01	36.6466666666667	34.2017233826864

Note: Realized volatility is computed from an exponentially weighted moving average of 5-minute daily realized variances with 75 percent of the weight distributed over the past 20 business days. Median refers to the median option-implied volatility. Values are averaged within a calendar month, except for the value of the last month of the series, which is averaged through the data close date.

Source: Cboe Volatility Index®(VIX®) accessed via Bloomberg Finance L.P.; Federal Reserve Board staff estimates.

Return to text

Figure 1.7. Corporate bond yields rose but remained near their median for the past 30 years

This is a line chart titled "Corporate bond yields rose but remained near their median for the past 30 years". The x-axis measures time and ranges from 1997 to 2025. The data are monthly. The y-axis ranges from 0 to 24 percent. There are two variables plotted on the chart. The first line is labeled "High-yield" and is designated by a black line. It begins at around 9.5 percent in 1997 and rises gradually to around 13 percent in 2002. It falls to around 8 percent in 2003 and remains there until 2007. The curve rises to 11 in early 2008, before spiking to about 22 percent in late 2008. The series falls sharply to about 9 percent in 2009 before decreasing more slowly to 7 percent in 2011. The series generally remains around 6 percent through 2020, with local spikes to around 9 in late 2011, early 2016, and early 2020. The series stays around 4 percent in 2021 before rising gradually to about 9.5 percent by September 2022. The series decreases slightly throughout 2023 before jumping back up to 9 percent in October 2023. It hovers between about 7 and 8 percent in 2024 and through March of 2025. The series ends with a sharp jump from 7.5 percent in March 2025 to 8.4 percent in April 2025. The second line is labeled "Triple-B" and is designated by a blue line. It begins at around 7 percent in 1997, fluctuates between 6 and 9 percent until 2002, where it begins to gradually rise from about 4.7 percent in early 2003 to about 6.5 percent in May 2008. It then steeply increases to 10 percent in October 2008. The series falls sharply to around 5 percent in late 2009. It remains between 3 and 5 percent from 2010 to 2019. It has a spike in early 2020 from 2 to 5 percent then decreases back to around 2 percent in October 2020. It hovers at the level through the end of 2021. The series then rises to 6.3 percent by the end of 2022 and falls back to around 5 percent in early 2023. It spikes up in the last few months of 2023 with a local maximum value of about 6.7 percent in October 2023. The series hovers between 5.5 and 6 percent from then until September 2024, where it falls to about 4.9 percent. The series stabilizes again around 5.5 in the first few months of 2025, but ends with a spike up to 5.8 percent in April 2025.

Note: The triple-B series reflects the effective yield of the ICE Bank of America Merrill Lynch (BofAML) triple-B U.S. Corporate Index (C0A4), and the high-yield series reflects the effective yield of the ICE BofAML U.S. High Yield Index (H0A0). Values are reported as of month-end, except for the value of the last month of the series, which is reported as of the data close date.

Source: ICE Data Indices, LLC, used with permission.

Return to text

Figure 1.8. Corporate bond spreads increased to moderate levels

This is a line chart titled "Corporate bond spreads increased to moderate levels". The x-axis measures time and ranges from 1997 to 2025. The data are monthly. There are two variables plotted on the chart. The first line is labeled "High-yield" and is designated by a black line. This line corresponds to the values on the right y-axis, which ranges from 0 to 24 percentage points. It begins at around 3 percentage points in 1997 and rises steadily, with local peaks in 1999, late 2000, and mid-2001, to around 10 percentage points by 2002. The series falls to 4 percentage points by the end of 2004 and then declines slowly to around 2 percent until 2007. The series then spikes rapidly up to its peak in November 2008, around 20 percentage points. It then falls steeply throughout 2009 to around 6 percentage points by December 2009. It continues to fall to about 4.5 percentage points in 2011. In late 2011, the series spikes to 8 percentage points, before falling steadily to around 3.5 percentage points in 2014. The series rises gradually from 2014 to 2016 to nearly 8 percentage points in February 2016, then falls to around 4 percentage points again in 2017 and remains there through 2019. In March 2020, the series jumps to almost 9 percentage points then drops to about 3.8 percentage points in December 2020. It then steadily decreases to about 3 percentage points in April 2021 and remains there until early 2022. The series then begins rising gradually again to around 5 percentage points in October 2022, then decreases slightly to just below 4 percentage points by April 2023. The series shows a slight uptick closer to a value of 4 percentage points in September 2023 and declines to 3 percentage points by March 2024. The series remains at about 3 percentage points through February 2025 and jumps to 4.2 percentage points where the series ends in April 2025. The second line is labeled "Triple-B" and is designated by a blue line. This line corresponds to the values on the left y-axis, which ranges from 0 to 12 percentage points. It begins at just under 1 percentage point in 1997, rises to around 3.5 percentage points by the end of 2002. The series declines to around 1 percentage point by the start of 2004 and remains there until mid-2007. From there, it rapidly rises to its peak in December 2008 of around 7.6 percentage points. The series then falls steeply in 2009 to around 3 percentage points and declines further to below 2 percentage points in 2011. The series jumps to 3 percentage points in mid-2011 before declining slowly to 1.5 percentage points in 2014. The series then rises gradually to around 3 percentage points in early 2016, then declines to around 1 percentage point by early 2018. The series remains around 1.5 percentage points from 2018 through early 2020 before jumping to almost 4 percentage points in March 2020. The series then decreases to 1 percent by June 2021 and remains there through mid-2022, where it climbs to around 2 percentage points in June 2022. The value gently declines throughout 2023 and early 2024, hovering at 1.1 percentage points from March to September 2024. The series dips just below 1 percentage point in late 2024 and early 2025, then jumps up to about 1.4 percentage points at its last point in April 2025.

Note: The triple-B series reflects the option-adjusted spread of the ICE Bank of America Merrill Lynch (BofAML) triple-B U.S. Corporate Index (C0A4), and the high-yield series reflects the option-adjusted spread of the ICE BofAML U.S. High Yield Index (H0A0). Values are reported as of month-end, except for the value of the last month of the series, which is reported as of the data close date.

Source: ICE Data Indices, LLC, used with permission.

Return to text

Figure 1.9. The excess bond premium was near its long-run average

Percentage points

Date	Excess Bond Premium
1997-01-01	-0.334227607729455
1997-02-01	-0.451242416644275
1997-03-01	-0.476851425780151
1997-04-01	-0.436784421006352
1997-05-01	-0.435750247881388
1997-06-01	-0.534435264829862
1997-07-01	-0.502475419204846
1997-08-01	-0.499440080830634
1997-09-01	-0.548265878257605
1997-10-01	-0.428096455295686
1997-11-01	-0.323350927431393
1997-12-01	-0.388981531478256
1998-01-01	-0.348883913233786
1998-02-01	-0.324301676648552
1998-03-01	-0.371844978343906
1998-04-01	-0.400477877397176
1998-05-01	-0.364838588482512
1998-06-01	-0.325162464057093
1998-07-01	-0.28907583170046
1998-08-01	0.114156938505207
1998-09-01	0.103267178338016
1998-10-01	0.229643698250257
1998-11-01	0.203173932330114
1998-12-01	0.0690207416870896
1999-01-01	0.0628653926914162
1999-02-01	-0.152767346916417
1999-03-01	-0.150060552782944
1999-04-01	-0.191009006065371
1999-05-01	-0.184292399177725
1999-06-01	-0.124559490311188
1999-07-01	-0.0743316684580793
1999-08-01	-0.0162819314955569
1999-09-01	0.111807817648098
1999-10-01	0.129015715835488
1999-11-01	0.0934619429824894
1999-12-01	-0.132228490472992
2000-01-01	0.0463832735399214
2000-02-01	0.14141957256277
2000-03-01	0.415410210000452
2000-04-01	0.570269820145717
2000-05-01	0.74949878781214
2000-06-01	0.784636374401646
2000-07-01	0.869419367643141
2000-08-01	1.01845701674818
2000-09-01	1.13135085677373
2000-10-01	1.53178255577233
2000-11-01	1.61545981128975
2000-12-01	1.61092251477083
2001-01-01	1.15243089072982
2001-02-01	1.17290718305244
2001-03-01	1.10543616876601
2001-04-01	0.929387252921396
2001-05-01	0.788614031485805
2001-06-01	1.01778124267345
2001-07-01	0.791071810002181
2001-08-01	0.762071307591929
2001-09-01	1.22462934522228
2001-10-01	1.04119483489494
2001-11-01	-0.029119584680966
2001-12-01	0.42491864239714
2002-01-01	0.575511817305089
2002-02-01	0.771767446678171
2002-03-01	0.296495000888302
2002-04-01	0.411438523657115
2002-05-01	0.501689276241221
2002-06-01	0.945144740149205
2002-07-01	1.54387358333263
2002-08-01	1.44195390241377
2002-09-01	1.62161431714419
2002-10-01	1.43708879762878
2002-11-01	1.03898428299576
2002-12-01	0.89338610658943
2003-01-01	0.839112560827876
2003-02-01	0.637285156822477
2003-03-01	0.144729280339097
2003-04-01	0.0305920461277838
2003-05-01	-0.46959966272538
2003-06-01	-0.398137034830747
2003-07-01	-1.02296401881652
2003-08-01	-0.21573127369228
2003-09-01	-0.54301730673072
2003-10-01	-0.530658437115554
2003-11-01	-0.551447820606149
2003-12-01	-0.533247254062249
2004-01-01	-0.715497585740688
2004-02-01	-0.34910156420873
2004-03-01	-0.52576279129305
2004-04-01	-0.738024038365189
2004-05-01	-0.368743348577344
2004-06-01	-0.387274954282498
2004-07-01	-0.326977650272596
2004-08-01	-0.430898503588496
2004-09-01	-0.548547788778997
2004-10-01	-0.537428969936891
2004-11-01	-0.677766315623196
2004-12-01	-0.720978868887441
2005-01-01	-0.700809583178627
2005-02-01	-0.912876653300977
2005-03-01	-0.618264160994613
2005-04-01	-0.360863304871798
2005-05-01	-0.291419768404143
2005-06-01	-0.436059522225026
2005-07-01	-0.539600065831158
2005-08-01	-0.536983907755088
2005-09-01	-0.449767297714214
2005-10-01	-0.329347402697201
2005-11-01	-0.297583155417278
2005-12-01	-0.264729212615956
2006-01-01	-0.348565621650217
2006-02-01	-0.30714845373576
2006-03-01	-0.389192056454296
2006-04-01	-0.435635871740144
2006-05-01	-0.343056337261942
2006-06-01	-0.350041301094105
2006-07-01	-0.259547628190043
2006-08-01	-0.288636554201053
2006-09-01	-0.339333538884251
2006-10-01	-0.374763601944351
2006-11-01	-0.345756014407327
2006-12-01	-0.469929647852685
2007-01-01	-0.5344219211789
2007-02-01	-0.534908263123359
2007-03-01	-0.358161508032892
2007-04-01	-0.358828530222395
2007-05-01	-0.565879934763441
2007-06-01	-0.356063399187168
2007-07-01	0.0511266137971211
2007-08-01	0.160997818037674
2007-09-01	0.0937066806669198
2007-10-01	0.00866025541819937
2007-11-01	0.359684700373168
2007-12-01	0.503590771097163
2008-01-01	0.733478906428735
2008-02-01	0.935866910765587
2008-03-01	1.15936756402811
2008-04-01	0.684018625440006
2008-05-01	0.685075142865519
2008-06-01	0.832795289246826
2008-07-01	1.08943391229956
2008-08-01	1.23661823472843
2008-09-01	1.82286068969746
2008-10-01	3.54477108051491
2008-11-01	3.38031286206119
2008-12-01	3.5123658087742
2009-01-01	2.89030110158281
2009-02-01	3.23454311121481
2009-03-01	2.81826263975564
2009-04-01	2.27178105909266
2009-05-01	1.40814963945841
2009-06-01	0.966890442194156
2009-07-01	0.361630203674331
2009-08-01	0.0945376476487056
2009-09-01	0.0644209900705173
2009-10-01	-0.137893856912179
2009-11-01	-0.00777215305739754
2009-12-01	-0.460156901622689
2010-01-01	-0.205389943155953
2010-02-01	-0.0123005855509213
2010-03-01	-0.165335343438306
2010-04-01	-0.275387982339888
2010-05-01	-0.112628999329547
2010-06-01	0.0531881493879256
2010-07-01	0.161324044142742
2010-08-01	-0.260022666917538
2010-09-01	-0.00770068449440675
2010-10-01	-0.024248440417705
2010-11-01	-0.138495432264541
2010-12-01	-0.402342205198523
2011-01-01	-0.0439923455179287
2011-02-01	-0.280739001646694
2011-03-01	-0.320334304948329
2011-04-01	-0.276852676298653
2011-05-01	-0.15440160248085
2011-06-01	-0.0322608715637789
2011-07-01	-0.0712783253569258
2011-08-01	-0.0762221407107115
2011-09-01	0.457976107082804
2011-10-01	-0.0655772136332318
2011-11-01	0.508201587273323
2011-12-01	0.288130003575878
2012-01-01	0.184153399926481
2012-02-01	0.0514126856261776
2012-03-01	-0.327161653285949
2012-04-01	-0.160289433945542
2012-05-01	-0.0583236783398169
2012-06-01	0.165560837369695
2012-07-01	-0.00485175944582528
2012-08-01	-0.197841709364146
2012-09-01	-0.148089487283205
2012-10-01	-0.17945240168672
2012-11-01	-0.0507165614589096
2012-12-01	-0.164263251618356
2013-01-01	-0.102722547768689
2013-02-01	-0.042365976109441
2013-03-01	-0.104286365381562
2013-04-01	-0.133509937987105
2013-05-01	-0.486877507389675
2013-06-01	-0.337828340301192
2013-07-01	-0.0247311598648388
2013-08-01	-0.127459172901076
2013-09-01	-0.139350241948108
2013-10-01	-0.0573591341697677
2013-11-01	-0.0212164117930622
2013-12-01	-0.173450850450141
2014-01-01	-0.315367779586151
2014-02-01	-0.22903922868331
2014-03-01	-0.290648571607911
2014-04-01	-0.370646997819979
2014-05-01	-0.381890205837234
2014-06-01	-0.318805533047346
2014-07-01	-0.320346664413241
2014-08-01	-0.313940974098387
2014-09-01	-0.210349366295799
2014-10-01	-0.207524442997323
2014-11-01	0.0639864022687466
2014-12-01	0.100241305421918
2015-01-01	-0.0120754500970093
2015-02-01	-0.258309219322138
2015-03-01	-0.106402385805281
2015-04-01	0.0126668179816019
2015-05-01	0.0562054561364
2015-06-01	0.151041597054005
2015-07-01	0.218372165526348
2015-08-01	0.401624846734765
2015-09-01	0.540489022929175
2015-10-01	0.421512828482394
2015-11-01	0.510078434894926
2015-12-01	0.688633690566286
2016-01-01	0.92666723604919
2016-02-01	0.95454099589106
2016-03-01	0.573454991422278
2016-04-01	0.230009513595345
2016-05-01	0.242048340574106
2016-06-01	0.0662261103910522
2016-07-01	0.010455961852307
2016-08-01	-0.028159684207115
2016-09-01	-0.0756070754791174
2016-10-01	-0.0841602089021554
2016-11-01	-0.699887840512544
2016-12-01	-0.248955729570947
2017-01-01	-0.2030188535322
2017-02-01	-0.187890104098095
2017-03-01	-0.174834273081928
2017-04-01	-0.128813307884075
2017-05-01	-0.17582843408374
2017-06-01	-0.136175148876175
2017-07-01	-0.162638650051836
2017-08-01	-0.0895404398217714
2017-09-01	-0.261609748567902
2017-10-01	-0.225201710478948
2017-11-01	-0.14184885409833
2017-12-01	-0.200722028206548
2018-01-01	-0.39480157801073
2018-02-01	-0.246769885950999
2018-03-01	-0.106330996833341
2018-04-01	-0.278571737874585
2018-05-01	-0.190916470306186
2018-06-01	0.023238225606717
2018-07-01	-0.129533376055208
2018-08-01	-0.0971521909643815
2018-09-01	-0.176362916861677
2018-10-01	-0.00782976461831053
2018-11-01	0.140387218819653
2018-12-01	0.334635235919819
2019-01-01	0.162775084183031
2019-02-01	0.0491338508759236
2019-03-01	-0.126891818061828
2019-04-01	-0.021497343156291
2019-05-01	-0.021306592598431
2019-06-01	-0.00748600324466175
2019-07-01	-0.0578454432255722
2019-08-01	-0.157639123400591
2019-09-01	-0.237392590929017
2019-10-01	-0.233591679234639
2019-11-01	-0.184780912245693
2019-12-01	-0.302680472245892
2020-01-01	-0.25034805916616
2020-02-01	-0.14750431495316
2020-03-01	1.23333435533859
2020-04-01	0.659085507743011
2020-05-01	0.39077072749944
2020-06-01	0.0459941949305387
2020-07-01	-0.171762642654785
2020-08-01	-0.29677027044534
2020-09-01	-0.0205466907559311
2020-10-01	-0.225173583526859
2020-11-01	-0.484074468245418
2020-12-01	-0.5265529834126
2021-01-01	-0.674407669344442
2021-02-01	-0.948815647732253
2021-03-01	-0.761326260672507
2021-04-01	-0.505527822114627
2021-05-01	-0.443574777629721
2021-06-01	-0.596164852575409
2021-07-01	-0.561095311207987
2021-08-01	-0.490501692241668
2021-09-01	-0.649930516572859
2021-10-01	-0.528570421941225
2021-11-01	-0.444065642157737
2021-12-01	-0.448643129111453
2022-01-01	-0.344955272490518
2022-02-01	-0.207224945060309
2022-03-01	-0.779169800488253
2022-04-01	-0.279403724941905
2022-05-01	-0.117710754809304
2022-06-01	0.0912511048725029
2022-07-01	0.00150656459414211
2022-08-01	-0.0281990177328559
2022-09-01	0.0486619780220943
2022-10-01	0.0935552063592173
2022-11-01	-0.217594128421909
2022-12-01	-0.0165864939478544
2023-01-01	-0.0408096045404089
2023-02-01	-0.143576079732233
2023-03-01	-0.186457789992223
2023-04-01	0.173211515216811
2023-05-01	0.130235807657891
2023-06-01	0.167512364588221
2023-07-01	0.0130985402545922
2023-08-01	0.0663890718121349
2023-09-01	-0.0102310768625777
2023-10-01	0.218788102606541
2023-11-01	-0.0905916865237941
2023-12-01	-0.234704890637623
2024-01-01	-0.0848392730844212
2024-02-01	-0.138609200216357
2024-03-01	-0.102149346783235
2024-04-01	-0.206796336946926
2024-05-01	-0.145068917209335
2024-06-01	-0.039852352252489
2024-07-01	-0.10702878195846
2024-08-01	-0.060552699819324
2024-09-01	-0.117662046991565
2024-10-01	-0.363359091240608
2024-11-01	-0.235909892848728
2024-12-01	-0.45896341593383
2025-01-01	-0.314527906021495
2025-02-01	-0.269759663537917
2025-03-01	-0.0593301184938122
2025-04-01	0.0129439863659984

Note: The excess bond premium (EBP) is a measure of bond market investors' risk sentiment. It is derived as the residual of a regression that models corporate bond spreads after controlling for expected default losses. By construction, its historical mean is 0. Positive (negative) EBP values indicate that investors' risk appetite is below (above) its historical mean.

Source: Federal Reserve Board staff calculations based on Lehman Brothers Fixed Income Database (Warga); Intercontinental Exchange, Inc., ICE Data Services; Center for Research in Security Prices, CRSP/Compustat Merged Database, Wharton Research Data Services; S&P Global, Compustat.

Return to text

Figure 1.10. Spreads on leveraged loans stayed moderately below their average over the past decade

Percentage points

Date	B (monthly)	B (weekly)	BB (monthly)	BB (weekly)
1997-01-31			2.09188813027478
1997-02-28			2.08178410192779
1997-03-31			2.0821313539782
1997-04-30			2.13128050966926
1997-05-31			2.15663678327004
1997-06-30			2.16723470638971
1997-07-31	2.27865930277876		1.91211795426737
1997-08-31	2.25519091192546		1.84799350267688
1997-09-30	2.28226436624624		1.89031225692967
1997-10-31	2.54870194148935		1.95239138987806
1997-11-30	2.55227719847765		1.91123857847702
1997-12-31	2.57766307859505		1.8853121084073
1998-01-31	2.58328670414448		2.03962118865891
1998-02-28	2.57724045434183		2.07686434704832
1998-03-31	2.61434693144427		2.0142442090996
1998-04-30	2.60471125675774		2.01964906051112
1998-05-31	2.64727726013339		2.1742561357748
1998-06-30	2.63838491070021		2.2804004021624
1998-07-31	2.65298114421288		2.25461214228082
1998-08-31	2.75105860252154		2.33040625069404
1998-09-30	2.94176293011435		2.50368333817936
1998-10-31	3.06324577222541		2.63021214384542
1998-11-30	3.34669581632647		2.68688948779824
1998-12-31	3.23167824969875		2.5574278061721
1999-01-31	3.20045350392008		2.62222216268432
1999-02-28	3.21252047029818		2.54969107864208
1999-03-31	3.57072031339457		2.48431663439138
1999-04-30	3.9333620829635		2.65158887562905
1999-05-31	3.79734775882652		2.84294180372083
1999-06-30	3.85661993243559		2.84376703464754
1999-07-31	4.09639914591775		2.94888708534177
1999-08-31	4.45692369680667		2.99404771578472
1999-09-30	4.74567730353751		3.96252458533367
1999-10-31	4.96156505726983		4.08542737863742
1999-11-30	4.74194866264647		3.90885983736204
1999-12-31	6.07594580603178		4.01508894466472
2000-01-31	6.24211266836964		4.07331847721963
2000-02-29	6.0743165320234		4.11406244684139
2000-03-31	6.05480803120477		3.43483075505671
2000-04-30	5.4393059506722		3.51119269263113
2000-05-31	5.2455597903178		3.25902829785642
2000-06-30	5.67158559945934		3.11633077776893
2000-07-31	6.03340100401027		3.00189608969078
2000-08-31	5.72920206373075		3.02041146177765
2000-09-30	6.65220806624019		3.19167801986832
2000-10-31	6.90970681334637		3.25572404050639
2000-11-30	7.30996411733616		3.0709693072654
2000-12-31	6.68883659623133		3.04620716632122
2001-01-31	6.26216559265882		2.95059470390094
2001-02-28	5.95037410707916		2.91025142523614
2001-03-31	6.8348554997985		2.94681492043774
2001-04-30	6.70873676752182		2.95507753634301
2001-05-31	6.49519380030705		2.94735515085341
2001-06-30	6.62316783543957		2.98929677062879
2001-07-31	6.71076176682289		3.03049463891544
2001-08-31	6.50998425898807		2.99783463202895
2001-09-30	7.41861800862683		3.34538512033514
2001-10-31	8.70615523076835		3.50811202527628
2001-11-30	6.81765816329182		3.1143087844617
2001-12-31	6.21014368310919		3.08920974701227
2002-01-31	5.89286230863572		3.05192671026051
2002-02-28	5.50244168261337		3.09142866939944
2002-03-31	5.2230700434849		3.06572116988246
2002-04-30	4.91982091590623		2.93946018349618
2002-05-31	5.62215768952538		2.95233394415463
2002-06-30	5.90371031672073		2.99329172692435
2002-07-31	6.63147354763437		3.37911052029842
2002-08-31	6.52683651010467		3.71526740579213
2002-09-30	6.63805299967334		3.75018611807546
2002-10-31	7.37496079911215		4.63927393752635
2002-11-30	6.71848802934704		4.13735824720685
2002-12-31	6.58138167838912		3.51504977973325
2003-01-31	6.1042887123579		3.6008317889486
2003-02-28	6.29662598070628		3.55664378996593
2003-03-31	6.03170446252915		3.56692318005584
2003-04-30	5.10701592299812		3.58065733646884
2003-05-31	4.65926353155153		3.35162084074896
2003-06-30	4.47566585183824		3.24248905217641
2003-07-31	4.51259015396569		3.03234954878876
2003-08-31	4.72497007493186		3.00626932126184
2003-09-30	4.97967971238535		2.98081491715672
2003-10-31	4.82321686517537		2.93755889404213
2003-11-30	4.77608795632832		2.85310817323464
2003-12-31	4.51467928453276		2.6096842608013
2004-01-31	4.03029588240263		2.50584845765378
2004-02-29	4.20273622017769		2.45050495529649
2004-03-31	3.91740711424247		2.38195219076694
2004-04-30	3.91963700739703		2.33385804691638
2004-05-28	4.06261763945341		2.40125276014603
2004-06-25	3.770043862382		2.34405188017961
2004-07-30	3.84362793338027		2.25514115056385
2004-08-31	3.69002375710118		2.20174843523389
2004-09-30	3.6132191586509		2.13629916371444
2004-10-29	3.42314267259918		2.10181111511617
2004-11-30	3.25822348403558		2.07276369311587
2004-12-31	3.20597759869138		2.01421096639184
2005-01-31	3.25257792381212		1.98007779319212
2005-02-25	3.14236991707397		1.93754573405074
2005-03-31	3.04703913863471		1.85071831549634
2005-04-29	3.29521581578657		1.82632886600368
2005-05-31	3.12460567509078		1.86077029367427
2005-06-30	3.0989292840778		1.84082502050528
2005-07-29	3.03893426657107		1.76522563810955
2005-08-30	2.97701212387517		1.68452592457589
2005-09-30	2.95968475602158		1.72581908938116
2005-10-28	3.00461148758371		1.77175634695531
2005-11-30	2.89325453111939		1.78389317184715
2005-12-30	2.8126312452552		1.80844276129604
2006-01-31	2.82383799143358		1.74509262913098
2006-02-28	2.78175102015367		1.68153963246369
2006-03-31	2.73977196409467		1.68006845983146
2006-04-28	2.7374360091284		1.66051441311656
2006-05-31	2.67311713249498		1.72787218226183
2006-06-30	2.67443850599523		1.8352632973603
2006-07-28	2.69880906374307		1.87550444857827
2006-08-31	2.74011534139188		1.86821573022612
2006-09-29	2.73862697147573		1.86028664985925
2006-10-31	2.69793073232383		1.82781796313336
2006-11-30	2.70284182597395		1.96649848866957
2006-12-29	2.72599794125974		1.94127586989883
2007-01-31	2.6009438606843		1.91399043749182
2007-02-28	2.5272169246271		1.74093261911432
2007-03-30	2.4927885532305		1.77072853120909
2007-04-27	2.46445680735925		1.79786483048767
2007-05-31	2.41101261501855		1.7854775964612
2007-06-29	2.69801407467645		2.01031142193302
2007-07-31	3.47862536221395		2.82408782626828
2007-08-31	3.5937015877151		2.99739196770473
2007-09-28	3.34114476544724		2.71172116173131
2007-10-26	3.28502814719285		2.63790557145956
2007-11-30	3.85693642989592		3.06270059562676
2007-12-28	4.15882970451708		2.92911429296445
2008-01-31	4.97580601761539		3.74354717570948
2008-02-29	6.07321224924927		4.37609661511741
2008-03-28	7.20862322105508		4.32482406795875
2008-04-30	6.34801131263565		3.68216495273447
2008-05-30	6.37950640066329		3.58771647847705
2008-06-27	6.39477656025946		3.86289048424729
2008-07-31	7.17316958878979		4.17916907289259
2008-08-29	7.65469664955774		4.23328471212778
2008-09-30	10.607979887877		5.941421105947
2008-10-31	17.0496957424426		9.27448359334444
2008-11-28	20.8910378938561		11.0334418958842
2008-12-31	24.7612246563106		11.4703036462376
2009-01-30	20.6985407092928		8.74457510422384
2009-02-27	20.7549427316504		7.85357321044109
2009-03-31	20.3194044491426		7.79174615240187
2009-04-30	15.786038192821		5.7679907102825
2009-05-29	12.3996603533352		5.56070162593438
2009-06-30	10.2336164578227		4.85609147918706
2009-07-31	8.49779936832999		4.18603261946884
2009-08-31	7.80796562290773		4.13370667387195
2009-09-30	6.96202796956235		4.00687340822193
2009-10-30	6.36999188965138		4.19524810650038
2009-11-30	6.70409102583303		4.52667154088844
2009-12-31	6.02043666937183		3.88209813583743
2010-01-29	5.67379035809451		3.69984828297773
2010-02-26	5.7822661128449		3.81346069657269
2010-03-31	5.27419835045083		3.49925432468838
2010-04-30	5.0460927826293		3.42850473957399
2010-05-28	6.10543623024698		3.98869269820655
2010-06-30	6.42705157683265		4.16663178231691
2010-07-30	5.98086462113477		4.01401196700854
2010-08-31	5.98119702611061		4.00699099853277
2010-09-30	5.61969456662555		3.88035423998445
2010-10-29	5.22023899583472		3.65819695629145
2010-11-30	5.61476070096215		3.70954513195812
2010-12-31	5.28999708060695		3.68691684025719
2011-01-31	4.80097016558672		3.50604518273776
2011-02-28	4.81988837128684		3.52192607285771
2011-03-31	4.85444457487651		3.43637521065588
2011-04-29	4.89480425026024		3.41062736021962
2011-05-31	5.04115512498801		3.57179875459206
2011-06-30	5.3503277520567		3.81206875808854
2011-07-29	5.42496965934118		3.82019930449133
2011-08-31	6.75122837180944		5.11095175061018
2011-09-30	6.84634418450028		4.68831852521755
2011-10-31	6.05515839539509		4.01878680390856
2011-11-30	6.53995760069879		4.24431121818214
2011-12-30	6.33434552748561		4.15559112077351
2012-01-31	5.70928828158087		3.85459973600913
2012-02-29	5.33490847175098		3.80114370520161
2012-03-30	5.37403609249873		3.75743553343684
2012-04-30	5.38119550782858		3.91407037181226
2012-05-31	5.86109397101384		4.26256828632616
2012-06-29	5.79267347095032		4.24860079202893
2012-07-31	5.87794053904916		4.10026247259039
2012-08-31	5.69416190819523		4.16761212907391
2012-09-28	5.5476911767617		3.96244043750308
2012-10-31	5.49088784138084		3.8331065872443
2012-11-30	5.60407425671063		3.83601469037822
2012-12-31	5.49233823127293		3.84047115766707
2013-01-31	5.28405064001766		3.71937944101957
2013-02-28	5.32035062291634		3.861849518314
2013-03-28	5.13598413524542		3.72611153995014
2013-04-30	5.0383598162799		3.78662384641244
2013-05-31	4.86938408394411		3.62152863963582
2013-06-28	4.9769299524155		3.58700717220769
2013-07-31	4.82136502220599		3.33340038812367
2013-08-30	4.92173338649918		3.40972662819095
2013-09-30	4.9932912216694		3.4562389124408
2013-10-31	4.90185285194628		3.43042130481635
2013-11-22		4.91637778364698		3.49995576462803
2013-11-29		4.91489145822393		3.51823397177957
2013-12-06		4.89817100430771		3.52459276910555
2013-12-13		4.87633132064758		3.51926546943906
2013-12-20		4.86250334679012		3.46052304917047
2013-12-27		4.83980360603194		3.39837080463852
2014-01-03		4.83926207860685		3.36962879124066
2014-01-10		4.77494501917518		3.34135203327447
2014-01-17		4.73975072568043		3.3524914539517
2014-01-24		4.73646798787304		3.33811266672592
2014-01-31		4.77016827236739		3.37325313687265
2014-02-07		4.76437119002641		3.36645353532583
2014-02-14		4.73872926184662		3.42315964086771
2014-02-21		4.71526742302429		3.43704694172964
2014-02-28		4.70979052611215		3.32352411407987
2014-03-07		4.70453342901222		3.31890602292125
2014-03-14		4.68132546123847		3.32047207715588
2014-03-21		4.64860397499193		3.30609210897079
2014-03-28		4.65233932128799		3.3187880657679
2014-04-04		4.71830446491942		3.37557489583033
2014-04-11		4.69698195730859		3.40917412257506
2014-04-17		4.71840205394015		3.40264500562951
2014-04-25		4.75595087556828		3.45350745879057
2014-05-02		4.73882504563956		3.40738497428832
2014-05-09		4.73296931694963		3.37252531166816
2014-05-16		4.69847111631524		3.38038639083675
2014-05-23		4.706252086923		3.38948227715568
2014-05-30		4.71765350547339		3.38995151133101
2014-06-06		4.6995774433724		3.40024991588999
2014-06-13		4.68582056857851		3.40250785908654
2014-06-20		4.6901188430303		3.38909477375372
2014-06-27		4.68084523433063		3.37139239803294
2014-07-03		4.66633452261199		3.38307288607895
2014-07-11		4.65857597067141		3.41784123114314
2014-07-18		4.6659170994457		3.41566751268603
2014-07-25		4.67109311730194		3.42556658674084
2014-08-01		4.74805780968992		3.49879613949364
2014-08-08		4.76257888201742		3.5583365069534
2014-08-15		4.80261064709441		3.63192707714925
2014-08-22		4.79454545842564		3.60877405954633
2014-08-29		4.75837697480166		3.57570601648156
2014-09-05		4.76726830882043		3.57521551140782
2014-09-12		4.81951602406893		3.62895900793567
2014-09-19		4.82183648754252		3.63256938129911
2014-09-26		4.90198628546893		3.71275918533139
2014-10-03		4.9731622277328		3.75530829164795
2014-10-10		4.98611463225786		3.78239737586072
2014-10-17		5.14012253202681		3.92146477437829
2014-10-24		5.08514834895335		3.8370866843996
2014-10-31		4.99933234616711		3.73780065651997
2014-11-07		5.01100684904652		3.70667733646381
2014-11-14		4.99526248182246		3.69454860804504
2014-11-21		5.00529508118267		3.6769910383602
2014-11-28		5.03232370180273		3.66995726094642
2014-12-05		5.1397457541618		3.69046140810833
2014-12-12		5.40528299362656		3.91427253842378
2014-12-19		5.51980796490439		3.94950852225728
2014-12-26		5.44830160805005		3.89882720993366
2015-01-02		5.44314434282006		3.88988542000737
2015-01-09		5.44088050559043		3.91557037578101
2015-01-16		5.45126002574333		3.89341142942705
2015-01-23		5.44320950277286		3.87960284354776
2015-01-30		5.4717472745429		3.92504357694723
2015-02-06		5.41379114714461		3.85642696588578
2015-02-13		5.33495035928777		3.79452283581625
2015-02-20		5.27347491984475		3.74824947188234
2015-02-27		5.22462583955283		3.72837399567687
2015-03-06		5.18878600162185		3.67783499969861
2015-03-13		5.16095196059059		3.68595865959697
2015-03-20		5.21212271838608		3.7039294958199
2015-03-27		5.21040576976154		3.6691098112641
2015-04-02		5.17689192920751		3.66188919704314
2015-04-10		5.12256794459723		3.58180059569194
2015-04-17		5.13622103857814		3.56328005594519
2015-04-24		5.11367740105739		3.56036280375722
2015-05-01		5.11800049041236		3.54895259745194
2015-05-08		5.09496299151701		3.56703795884056
2015-05-15		5.11173556438909		3.59520708059008
2015-05-22		5.12971847695507		3.56732242752164
2015-05-29		5.1385489287563		3.56770722014389
2015-06-05		5.22301671682687		3.58179778740348
2015-06-12		5.27686504688179		3.60793647410906
2015-06-19		5.30869653296769		3.6407188188135
2015-06-26		5.30953444734911		3.62499974273843
2015-07-02		5.35425665665574		3.62705513977472
2015-07-10		5.34092405702112		3.59355667538143
2015-07-17		5.29604279216756		3.54833725048025
2015-07-24		5.31247385220175		3.55294625765034
2015-07-31		5.36280463313124		3.58223070627914
2015-08-07		5.38387359994463		3.62467401701779
2015-08-14		5.41219695306286		3.68227449478734
2015-08-21		5.48304764794247		3.7089818819675
2015-08-28		5.56034620713565		3.73547202340285
2015-09-04		5.41201615980203		3.71974308819793
2015-09-11		5.42393013716328		3.69412111882769
2015-09-18		5.44558999930486		3.67578138345503
2015-09-25		5.52181476700323		3.7020468467027
2015-10-02		5.74736441251477		3.7814524235744
2015-10-09		5.75407152664045		3.7708172595384
2015-10-16		5.78555008004803		3.78068402704747
2015-10-23		5.76314916952293		3.7813489849771
2015-10-30		5.76807599065604		3.84873772418925
2015-11-06		5.77125800121641		3.81105380168687
2015-11-13		5.89956008310185		3.89986672118246
2015-11-20		6.07562302612588		3.94775121742508
2015-11-27		6.11454532437702		3.91666031917897
2015-12-04		6.20790434894555		3.87448434390473
2015-12-11		6.66078696304955		3.95863275027327
2015-12-18		7.00450487581199		4.02301498263567
2015-12-24		7.07631577811547		4.04999667361663
2015-12-31		7.07805136792277		4.03275706474643
2016-01-08		7.11676407939582		4.00644001367358
2016-01-15		7.2210975604736		4.03359478177958
2016-01-22		7.46337768524091		4.14091382690796
2016-01-29		7.42678670089386		4.14373685793356
2016-02-05		7.45999483429677		4.11214555773313
2016-02-12		7.71024442831311		4.26279275637569
2016-02-19		7.5240639280762		4.26707335543469
2016-02-26		7.50770241798086		4.24014746092948
2016-03-04		7.24520009893011		4.11303023510059
2016-03-11		6.95079647832345		3.97372927972425
2016-03-18		6.56339300174208		3.76342887181848
2016-03-24		6.50421022315242		3.78112959129545
2016-04-01		6.28089057388705		3.80515300854348
2016-04-08		6.20216637155657		3.73085005738116
2016-04-15		5.80787741744995		3.690519534833
2016-04-22		5.59908323159387		3.61692564314733
2016-04-29		5.52139347464069		3.60326241722237
2016-05-06		5.49952765042342		3.64283150155244
2016-05-13		5.46322213305495		3.65015830375734
2016-05-20		5.41681587934615		3.62108273361469
2016-05-27		5.33203362292375		3.57969950310109
2016-06-03		5.33630456818927		3.57047494826849
2016-06-10		5.2893665721734		3.60896516723463
2016-06-17		5.29490836136151		3.64507632982754
2016-06-24		5.34496110020322		3.64104107937441
2016-07-01		5.37963599435492		3.6516620150831
2016-07-08		5.33862198970846		3.62224721849152
2016-07-15		5.23473772354749		3.54090099024028
2016-07-22		5.14703681266651		3.48375055175672
2016-07-29		5.12163925234107		3.4487599093137
2016-08-05		5.09830271884235		3.46955660840227
2016-08-12		5.07211100901761		3.43932826921559
2016-08-19		5.13233801903715		3.44403937587897
2016-08-26		5.09757265285631		3.45441185579766
2016-09-02		5.04271659750334		3.42611597088864
2016-09-09		5.00157512777542		3.38567964898607
2016-09-16		5.00055027680326		3.36698596480488
2016-09-23		4.88504562421038		3.34908471542541
2016-09-30		4.88306837659863		3.34111843067678
2016-10-07		4.84030645117753		3.27493098141671
2016-10-14		4.86098316510816		3.27357158959381
2016-10-21		4.80530747023467		3.20248959643703
2016-10-28		4.77981780318977		3.19305339427132
2016-11-04		4.79701673867684		3.24851839970379
2016-11-10		4.79987437775647		3.27209881737001
2016-11-18		4.76775100252788		3.21853842737824
2016-11-25		4.74923311008474		3.20983696957339
2016-12-02		4.68170235078925		3.20028216033608
2016-12-09		4.59316229521329		3.09443007766811
2016-12-16		4.54333726114963		3.06594440963085
2016-12-23		4.59501723022806		3.07159749764825
2016-12-30		4.64336752809592		3.03577630657698
2017-01-06		4.56763913172123		3.01991974131742
2017-01-13		4.53657423317396		3.03011585809734
2017-01-20		4.55613459131796		3.05640018164289
2017-01-27		4.53502088905104		3.08667360182461
2017-02-03		4.50386572010133		3.06061959213651
2017-02-10		4.50864842346537		3.00743841833436
2017-02-17		4.44817748548348		2.95155920637098
2017-02-24		4.38856087782047		2.93218927897703
2017-03-03		4.34229959348746		2.88409623161945
2017-03-10		4.34439197323899		2.86958767103107
2017-03-17		4.32180828144712		2.85235146975824
2017-03-24		4.31639611186715		2.93696817826241
2017-03-31		4.25067399712789		2.90972981608549
2017-04-07		4.1548281469157		2.87888211801366
2017-04-13		4.11561365233479		2.85045098102648
2017-04-21		4.12901079481905		2.8327897612187
2017-04-28		4.12658447576905		2.81799604975454
2017-05-05		4.15789586631832		2.88118683586918
2017-05-12		4.13028738552222		2.88242432899756
2017-05-19		4.11115061258223		2.88877368930913
2017-05-26		4.03856830223847		2.88590368291577
2017-06-02		4.05462319439513		2.8659693763501
2017-06-09		4.03421705795138		2.86923816833126
2017-06-16		4.03666158594686		2.88012744812461
2017-06-23		4.07046880118707		2.8640374354623
2017-06-30		4.07836583024533		2.83919819967175
2017-07-07		4.0692808983178		2.83318329855319
2017-07-14		4.09480046963445		2.83288055949895
2017-07-21		4.09006272411951		2.80431436364773
2017-07-28		4.03022575240947		2.78096381744228
2017-08-04		4.03237919747284		2.75204425907666
2017-08-11		4.05640957124301		2.79943796474621
2017-08-18		4.06605176579403		2.7788642606794
2017-08-25		4.07179922383678		2.82070245102456
2017-09-01		4.05934413260524		2.85221006787829
2017-09-08		4.02195779086437		2.87263476250438
2017-09-15		4.01712607300918		2.89065377092883
2017-09-22		4.02240181940972		2.82480844370843
2017-09-29		4.01261108997878		2.71581802737161
2017-10-06		3.9801376016454		2.66825916590503
2017-10-13		3.94523593474567		2.66621357451677
2017-10-20		3.92501865446377		2.65054248736078
2017-10-27		3.94470887194254		2.65176796405097
2017-11-03		3.9658747221224		2.62679979211548
2017-11-10		3.98252891261967		2.62230662993716
2017-11-17		3.96101265071187		2.6463455345622
2017-11-24		3.95486511783194		2.6371524972503
2017-12-01		3.94824207720089		2.62863821380309
2017-12-08		3.94398250686086		2.60784429609643
2017-12-15		3.99904960207814		2.62225817366873
2017-12-22		3.91151776618421		2.62741150957061
2017-12-29		3.88619959269827		2.5949562196173
2018-01-05		3.87332191330704		2.55285062697653
2018-01-12		3.80788949014598		2.54363231733713
2018-01-19		3.77164134032746		2.5240891062831
2018-01-26		3.73386001489898		2.49594761567828
2018-02-02		3.70233791053562		2.438156129872
2018-02-09		3.74160329369141		2.4811853576384
2018-02-16		3.73065385882746		2.48637425328456
2018-02-23		3.72776746538791		2.50238264142974
2018-03-02		3.72263611801141		2.51309855397887
2018-03-09		3.72171718220192		2.50958072842874
2018-03-16		3.70461834383821		2.49426911033018
2018-03-23		3.72231576950643		2.49018121201369
2018-03-30		3.7230251951681		2.49285152442253
2018-04-06		3.71612127233982		2.49498620311494
2018-04-13		3.68343738109994		2.48872275663687
2018-04-20		3.66087969758433		2.45645300543463
2018-04-27		3.66893774143854		2.43889424627615
2018-05-04		3.68427149296337		2.43984005471942
2018-05-11		3.67930851146035		2.44477163013841
2018-05-18		3.67525845981945		2.46968335228819
2018-05-25		3.69176526211537		2.49195051030461
2018-06-01		3.72332340675616		2.48448039124568
2018-06-08		3.71382500681671		2.48614320452861
2018-06-15		3.72550947235705		2.49076377997511
2018-06-22		3.74568864270355		2.51663685834703
2018-06-29		3.76364651933181		2.55210342907046
2018-07-06		3.75000831557254		2.53111125673911
2018-07-13		3.75643716619156		2.54117486170418
2018-07-20		3.74809617253688		2.53204466005412
2018-07-27		3.75741714589224		2.51411306037712
2018-08-03		3.7528377908275		2.49816219761235
2018-08-10		3.76716622391631		2.51615723593393
2018-08-17		3.77435918226536		2.53300423077876
2018-08-24		3.80714169508916		2.48288833624394
2018-08-31		3.82743274272498		2.49270627312086
2018-09-07		3.81910810361591		2.49455194580355
2018-09-14		3.80641608895297		2.49930274201197
2018-09-21		3.77814271293329		2.48123153109327
2018-09-28		3.73482378128511		2.48072328864636
2018-10-05		3.72656245199978		2.47629985708589
2018-10-12		3.74729595553431		2.48655197238986
2018-10-19		3.74860505844252		2.48924037858587
2018-10-26		3.78971638505862		2.53710607340934
2018-11-02		3.84271285629863		2.58085479276245
2018-11-09		3.85503672675878		2.61467685919488
2018-11-16		3.95101152350418		2.68142568527006
2018-11-23		4.07374660613147		2.75960544817044
2018-11-30		4.17985958317769		2.8844288545427
2018-12-07		4.33434796085598		3.00907876399125
2018-12-14		4.50954585344991		3.15063351363666
2018-12-21		4.83257332265705		3.37317030509131
2018-12-28		4.94122329206996		3.46286007388947
2019-01-04		4.73375437365023		3.18090595633502
2019-01-11		4.486701419743		2.91121215889692
2019-01-18		4.47568672444736		2.83841603241475
2019-01-25		4.52734440887592		2.88150270351691
2019-02-01		4.54293545312963		2.88767136943739
2019-02-08		4.49250267781263		2.86281477648882
2019-02-15		4.44073466160228		2.8307858305961
2019-02-22		4.33191831622411		2.76026964519274
2019-03-01		4.23652832588994		2.68540522830284
2019-03-08		4.32283200278578		2.74664667090451
2019-03-15		4.31454877947418		2.73489610017568
2019-03-22		4.39741989864395		2.78664899792143
2019-03-29		4.45584150984744		2.87707104056228
2019-04-05		4.3159451260146		2.79292197190798
2019-04-12		4.25748716810827		2.74187611393584
2019-04-18		4.21402891775767		2.72785890714153
2019-04-26		4.18071902345997		2.69829143982099
2019-05-03		4.12750529430217		2.68315197273811
2019-05-10		4.20079036003462		2.68093889112379
2019-05-17		4.16356959802504		2.6819717156539
2019-05-24		4.21900172474993		2.68168053966785
2019-05-31		4.29964475758305		2.67587446689644
2019-06-07		4.30494313300387		2.66533403033834
2019-06-14		4.31331840903089		2.65367033083029
2019-06-21		4.31387927868547		2.66336916643676
2019-06-28		4.36415151101045		2.69929692833618
2019-07-05		4.35510858855109		2.69134857200558
2019-07-12		4.31907074668464		2.67279730917817
2019-07-19		4.30248306660984		2.65404417360417
2019-07-26		4.30303544647292		2.64709207709244
2019-08-02		4.30448715064339		2.72991332569066
2019-08-09		4.40934930713279		2.77004863224085
2019-08-16		4.50301207882155		2.80149663781179
2019-08-23		4.50999689810473		2.78083811908707
2019-08-30		4.46482146949076		2.8023572997496
2019-09-06		4.41971703517452		2.7415976790562
2019-09-13		4.34678088478722		2.66964922942204
2019-09-20		4.34022412526567		2.68027481859003
2019-09-27		4.32556151233034		2.67485256251625
2019-10-04		4.43294388971371		2.70441032347559
2019-10-11		4.58654495197368		2.74495028993093
2019-10-18		4.61878118929424		2.72144214325561
2019-10-25		4.63462952825916		2.71363575461445
2019-11-01		4.68316808948193		2.74595379782876
2019-11-08		4.67717900387977		2.75194374316822
2019-11-15		4.6150340620581		2.74513217561298
2019-11-22		4.66984659554786		2.75398635634921
2019-11-29		4.65818411628064		2.74263674496092
2019-12-06		4.54771273848953		2.71077821761063
2019-12-13		4.3637871257466		2.65641442555315
2019-12-20		4.24240182668674		2.64070995018315
2019-12-27		4.24130141056805		2.63801445965637
2020-01-03		4.23049444983206		2.62167247877522
2020-01-10		4.14029626872452		2.57931937654344
2020-01-17		4.10710221026255		2.57207486014564
2020-01-24		4.11279807013901		2.60142240124387
2020-01-31		4.19191771317293		2.62787380461248
2020-02-07		4.21811346555717		2.67868462426466
2020-02-14		4.21048702983462		2.69448073971834
2020-02-21		4.18981138242357		2.71089339469687
2020-02-28		4.58138557621447		3.03880080837431
2020-03-06		4.85477584715005		3.24309169306511
2020-03-13		6.39315211391352		4.75030012561186
2020-03-20		9.68739260092734		7.8806042671714
2020-03-27		9.0306529225545		6.1461346295332
2020-04-03		8.15259801651325		5.04829592148126
2020-04-09		7.30657588339548		4.26438475790934
2020-04-17		6.7360976048753		3.94069489976242
2020-04-24		6.91374564901344		4.12101405085405
2020-05-01		6.8824849427713		4.13917110058719
2020-05-08		6.55861011568805		4.05176174730315
2020-05-15		6.51186157473642		4.03392645967781
2020-05-22		6.15929618127385		3.70510790351894
2020-05-29		5.77001377931713		3.4344889145417
2020-06-05		5.4198791219675		3.2112860264866
2020-06-12		5.37102316454119		3.26416713949091
2020-06-19		5.21608940404011		3.13867739157079
2020-06-26		5.50974931325779		3.38152909811216
2020-07-03		5.39806282191817		3.35794001914109
2020-07-10		5.37437731397208		3.30091358378154
2020-07-17		5.20023680148142		3.19192136564217
2020-07-24		5.06954330950156		3.09475137870875
2020-07-31		5.0927880932399		3.12994566527787
2020-08-07		4.96005290443384		3.04927895220595
2020-08-14		4.86108506468236		3.01750549807591
2020-08-21		4.88126190230468		3.08827145429687
2020-08-28		4.83104673379427		3.07060158005247
2020-09-04		4.65395937636892		2.90011528470132
2020-09-11		4.57862586580644		2.86677815659921
2020-09-18		4.55619295794674		2.8817746529005
2020-09-25		4.74111097556897		3.05841006383966
2020-10-02		4.74973729390598		3.09762905126333
2020-10-09		4.63216027105228		3.00536761563756
2020-10-16		4.66633821543806		3.0363007477585
2020-10-23		4.82556847697998		3.06605226056402
2020-10-30		5.00410486151849		3.21763676843888
2020-11-06		4.80846502420817		3.05705969400357
2020-11-13		4.67376752764658		2.98700829582721
2020-11-20		4.66943570140276		3.02083782874059
2020-11-27		4.60730508698756		2.98489617363073
2020-12-04		4.49988024170091		2.89999632245025
2020-12-11		4.46126169486212		2.86494857960463
2020-12-18		4.39362491852663		2.80638031001718
2020-12-24		4.40935014394781		2.8127459954473
2020-12-31		4.38956255330549		2.79512899510646
2021-01-08		4.23329543415278		2.63397220424553
2021-01-15		4.15506644344309		2.64628839458702
2021-01-22		4.1603840947008		2.63271411742065
2021-01-29		4.22316097660908		2.69317560654646
2021-02-05		4.20291096662308		2.68301508442682
2021-02-12		4.13003648628249		2.70447106184269
2021-02-19		4.11652962039695		2.70891755513389
2021-02-26		4.13347853454002		2.6927847519463
2021-03-05		4.14089666271652		2.75376587820022
2021-03-12		4.15029675974803		2.77049424618101
2021-03-19		4.20770166320041		2.81491065354549
2021-03-26		4.2337836523724		2.84058371573269
2021-04-02		4.24216976821223		2.84234060257599
2021-04-09		4.16670358393048		2.79128932080083
2021-04-16		4.1595164342912		2.80930099144069
2021-04-23		4.18816945363116		2.77143980588233
2021-04-30		4.18242223783981		2.80354637622791
2021-05-07		4.18601516663148		2.81382373298497
2021-05-14		4.1895074229372		2.83972037729225
2021-05-21		4.16266527942296		2.81553035069414
2021-05-28		4.15102393126615		2.78910792195324
2021-06-04		4.13752526970911		2.81805168365214
2021-06-11		4.11886966406813		2.80114725876029
2021-06-18		4.14724738665526		2.85726846868376
2021-06-25		4.1674497136781		2.8846361124996
2021-07-02		4.16808501027835		2.89567726643191
2021-07-09		4.16252811661521		2.91082062412683
2021-07-16		4.15242194078449		2.85811178156657
2021-07-23		4.16536742244913		2.89548215307277
2021-07-30		4.21450427640906		2.92057529762784
2021-08-06		4.22990260207722		2.92647601377693
2021-08-13		4.22826319962781		3.08834455886038
2021-08-20		4.25221264339828		3.14229208727937
2021-08-27		4.23584489415241		3.11721155795411
2021-09-03		4.21437164838956		3.09462511718466
2021-09-10		4.18491760590191		3.07190748879936
2021-09-17		4.17651346154114		3.06541969655385
2021-09-24		4.17854494895039		3.06011664701043
2021-10-01		4.16983172948045		3.04855196484254
2021-10-08		4.18336936583397		3.04671880550561
2021-10-15		4.19600015243809		3.0466996965445
2021-10-22		4.18919880905461		3.05453607711811
2021-10-29		4.19674264218586		3.05898863205879
2021-11-05		4.17919091492711		3.05336404260009
2021-11-12		4.16570406060587		3.00451614957152
2021-11-19		4.16870972284368		3.00843875709851
2021-11-26		4.21072794923365		3.03842165372046
2021-12-03		4.28560225289367		3.08382558058027
2021-12-10		4.23950778343897		3.03051359434843
2021-12-17		4.22675301254695		3.0710875292918
2021-12-24		4.2198034931944		3.06022985306994
2021-12-31		4.28037633229866		3.08079993720851
2022-01-07		4.20642763486986		3.02483210270173
2022-01-14		4.1758813764982		2.99231002690423
2022-01-21		4.15720830018707		2.98513963099083
2022-01-28		4.23665026444295		3.03127961199681
2022-02-04		4.24434976129994		3.02785863506354
2022-02-11		4.29586119250583		3.05931500352623
2022-02-18		4.38417918616559		3.15982979231888
2022-02-25		4.46171519927789		3.22983846236946
2022-03-04		4.4537746867728		3.24193603990983
2022-03-11		4.77329785913411		3.50053771599677
2022-03-18		4.72174089781076		3.45360981464082
2022-03-25		4.5823469600073		3.33856216149833
2022-04-01		4.4331048380424		3.17536127110806
2022-04-08		4.19868280571032		3.01087177887668
2022-04-15		4.19981310817067		3.04871794483991
2022-04-22		4.21455467588161		3.01962953336435
2022-04-29		4.32392627002777		3.10274658464665
2022-05-06		4.45370498776753		3.23516224867446
2022-05-13		4.94292401350464		3.63349524195021
2022-05-20		5.09464865352738		3.72478381912594
2022-05-27		5.16713692006923		3.71841676120812
2022-06-03		4.96190902249778		3.48545036412118
2022-06-10		4.99038255375087		3.50535567368182
2022-06-17		5.38973078105364		3.83324796891127
2022-06-24		5.49972919392619		3.88932235681221
2022-07-01		5.87024843598552		4.16697621333022
2022-07-08		5.91197235877488		4.1931917061723
2022-07-15		5.84341300636366		4.13883942268278
2022-07-22		5.4138681662434		3.720255810389
2022-07-29		5.3657848919672		3.68371104373575
2022-08-05		5.18497258754535		3.49514018477731
2022-08-12		4.89893499237146		3.29749471391827
2022-08-19		4.98887241789133		3.33027462506864
2022-08-26		5.07694673634835		3.41590090858603
2022-09-02		5.23012890770867		3.47741643573316
2022-09-09		5.20813916105857		3.45706476697873
2022-09-16		5.29260414352571		3.4951882831456
2022-09-23		5.58069895713423		3.59514583215458
2022-09-30		5.95424627704004		3.8044689405769
2022-10-07		5.74787332032119		3.64247625709545
2022-10-14		5.91973992825147		3.6632204178041
2022-10-21		5.91555830600449		3.57145685899135
2022-10-28		5.9393160349981		3.55280821962995
2022-11-04		5.77744999132781		3.4684290570924
2022-11-11		5.65463490200775		3.43584534830288
2022-11-18		5.51877624984427		3.40342637810754
2022-11-25		5.53338512141118		3.41009529146504
2022-12-02		5.48187975284611		3.39905781322169
2022-12-09		5.49547200452299		3.39380985857368
2022-12-16		5.50482737446216		3.36601559915847
2022-12-23		5.45820522247659		3.37067928051912
2022-12-30		5.47131763392736		3.38462776604
2023-01-06		5.32532752746079		3.24028168773051
2023-01-13		5.0935681262709		3.10548972862594
2023-01-20		5.03228265237015		3.11398051722137
2023-01-27		4.91538780153413		3.08770211990513
2023-02-03		4.88783981636924		3.07568037144501
2023-02-10		4.80035578601994		3.08251777170337
2023-02-17		4.87803879409925		3.2642159953622
2023-02-24		5.0024355210421		3.32613083005194
2023-03-03		4.98220101336694		3.31908353110109
2023-03-10		5.02067218864067		3.41226325980725
2023-03-17		5.4284592280188		3.69312459188341
2023-03-24		5.46015865454741		3.41076956816121
2023-03-31		5.16159891946793		3.29848853008191
2023-04-07		5.10177038801146		3.2840999216597
2023-04-14		5.05150348255803		3.25970723977671
2023-04-21		4.97136536961754		3.27240854456264
2023-04-28		4.9648964189216		3.26087304478011
2023-05-05		5.0727824278723		3.31235367463578
2023-05-12		5.12192944492827		3.37095675952783
2023-05-19		5.14241091334059		3.39199445765739
2023-05-26		5.2714715506019		3.44621535151174
2023-06-02		5.25038727865748		3.44261557540231
2023-06-09		5.08601839192266		3.35070698269619
2023-06-16		4.96360494202584		3.29029499365745
2023-06-23		4.97692064563626		3.30342416330775
2023-06-30		4.81836912018537		3.209455621531
2023-07-07		4.72801127303233		3.16413316959267
2023-07-14		4.5892874041397		3.10757318770804
2023-07-21		4.65031936637405		3.12319738642292
2023-07-28		4.65130846202699		3.11844380406022
2023-08-04		4.72433331333539		3.13965908365023
2023-08-11		4.72097852024232		3.13169296626439
2023-08-18		4.7814995714259		3.13032972809667
2023-08-25		4.77112294713473		3.12093251651773
2023-09-01		4.69536558497596		3.1151301188841
2023-09-08		4.62774780915257		3.11556673686872
2023-09-15		4.49944612308881		3.07473169331102
2023-09-22		4.4967756645971		3.08696070338685
2023-09-29		4.60099862594902		3.13128052544342
2023-10-06		4.73394830616631		3.22947469018209
2023-10-13		4.67568454991729		3.19381949405343
2023-10-20		4.74705725397444		3.20905057758238
2023-10-27		4.84919564590059		3.24798127953383
2023-11-03		4.84012543959042		3.19086442921904
2023-11-10		4.76369295147738		3.22054538305418
2023-11-17		4.72722606361623		3.18016603287138
2023-11-24		4.74204387278806		3.19989109637263
2023-12-01		4.74406733966552		3.1995421987107
2023-12-08		4.67626386939788		3.17545726284641
2023-12-15		4.55542998749156		3.10902273128329
2023-12-22		4.52372242713245		3.08300588570076
2023-12-29		4.46379606304717		3.04439116184219
2024-01-05		4.44416393781167		3.03849446510619
2024-01-12		4.42998849305406		3.03175535872249
2024-01-19		4.46649593961854		3.02229752126663
2024-01-26		4.47676959603577		3.03487327327727
2024-02-02		4.44661255026788		3.0877437451045
2024-02-09		4.42857341517991		3.09455673046814
2024-02-16		4.40104041488779		3.07316340802546
2024-02-23		4.38169992657429		3.05854411401054
2024-03-01		4.36360045800961		3.01175741777971
2024-03-08		4.3141197585875		3.02985455018771
2024-03-15		4.25289487855915		3.00819667535299
2024-03-22		4.26749124644629		3.02781447638552
2024-03-29		4.27157503265625		2.96854851157396
2024-04-05		4.25975421987518		2.94220870584076
2024-04-12		4.33952504897737		2.94106228848252
2024-04-19		4.36381603173792		2.94803820354432
2024-04-26		4.30378908436083		2.92353809018166
2024-05-03		4.28359194153597		2.90295964206167
2024-05-10		4.21385733162228		2.89975419762436
2024-05-17		4.202134004268		2.89884121041725
2024-05-24		4.20374688373111		2.87768734509637
2024-05-31		4.2014676745876		2.86866968575059
2024-06-07		4.18833704485273		2.87085759198522
2024-06-14		4.22743258223545		2.90796587831294
2024-06-21		4.25467681544396		2.84321508081804
2024-06-28		4.23592779225434		2.81915312820015
2024-07-05		4.22286030618708		2.81326997732665
2024-07-12		4.2069198722959		2.80832055676732
2024-07-19		4.17674094806602		2.79052867527271
2024-07-26		4.1827477531041		2.78396456822947
2024-08-02		4.2396981103713		2.80798921870207
2024-08-09		4.24467641104815		2.79602373708319
2024-08-16		4.17782099737817		2.78553728885875
2024-08-23		4.11230286931712		2.69557353911778
2024-08-30		4.12325499090734		2.67816594309273
2024-09-06		4.14164499740827		2.68989930353821
2024-09-13		4.15218482459485		2.69963017265512
2024-09-20		4.13097668955865		2.69536930835065
2024-09-27		4.13593101687655		2.7163125482196
2024-10-04		4.10375104135303		2.70260586703339
2024-10-11		4.05404990643135		2.69069439589513
2024-10-18		4.00724888648943		2.69169124302654
2024-10-25		4.01146501243722		2.68954904037111
2024-11-01		4.03315331499767		2.70684771571673
2024-11-08		3.98731019977159		2.67493040566281
2024-11-15		3.91870933942233		2.65088199404798
2024-11-22		3.88537377176416		2.5881559089506
2024-11-29		3.86873984259593		2.57766968556317
2024-12-06		3.85233899165915		2.58208721431771
2024-12-13		3.8388008719629		2.55527206439055
2024-12-20		3.88629460234016		2.61474894462608
2024-12-27		3.86974965613866		2.58955104982756
2025-01-03		3.84603074574195		2.5547603266432
2025-01-10		3.86217179617611		2.5470767475489
2025-01-17		3.88355928451076		2.52729558357672
2025-01-24		3.86760435720279		2.53036601892401
2025-01-31		3.87116541656956		2.47806543076873
2025-02-07		3.81913867893667		2.48913614322055
2025-02-14		3.81995753909982		2.47439149610879
2025-02-21		3.80818117937534		2.46748832636148
2025-02-28		3.85366764019206		2.47149164743871
2025-03-07		3.92218177711249		2.56162094190912
2025-03-14		4.02112992798041		2.6055623019941
2025-03-21		4.04005269905427		2.60225771711133
2025-03-28		4.01241391290956		2.57599591729042
2025-04-04		4.44003489329235		2.84840210850713

Note: The data show secondary-market discounted spreads to maturity. Spreads are the constant spread used to equate discounted loan cash flows to the current market price. B-rated spreads begin in July 1997. The black dashed line represents the data transitioning from monthly to weekly in November 2013.

Source: PitchBook Data, Leveraged Commentary & Data.

Return to text

Figure 1.11. Treasury market depth fell significantly in April from already low levels

This is a line chart titled "Treasury market depth fell significantly in April from already low levels". The x-axis measures time and ranges from January 2019 to April 2025. The data are 5-day moving average. There are three variables plotted on the chart. The first line is labeled "5-year" and is designated by a black line. This line corresponds to the values on the right y-axis, which ranges from 0 to 350 in millions of dollars. It begins at around 160 million in 2019 and rises steadily, with local peaks in February of 2019 and October 2020. The peaks are between 260 and 285 million. In March of 2020, the series reaches its lowest value at 15 million. By the end of 2020, the value has risen again to about 260 million but declines to 40 million in March 2022, with much volatility in that decline. The values hover between 30 and 50 million through the rest of 2022. The series gradually increases throughout 2023 to reach about 80 million in December, climbing further to 90 million by March 2024. The series rises with much volatility to reach about 122 million in October 2024, then declines rapidly to just above 50 million in December 2024. The series darts up to about 100 million in late February 2025, falls back down to 60 million in mid-March 2025, and then recovers back to almost 80 million at the end of March 2025. The series ends in April 2025, where the series falls sharply down to a final value of 27 million on April 11, 2025. The second line is labeled "10-year" and is designated by a red line. This line corresponds to the values on the right y-axis, which ranges from 0 to 350 in millions of dollars. It begins at just over 110 million dollars in 2019, climbs to 240 million in April 2019, then declines to around 75 million by August of 2019. It then upticks to 140 million in early 2020. There is a sharp decrease down to around 10 million in March of 2020. Following this sharp decline is an overall increase until June 2021 at a value of around 175 million. From this point there is a decreasing trend in the series with fluctuations between about 60 and 80 million throughout 2022 and 2023. In 2024, the series remains steady until a very steep decline to a local minimum of 48 million in early August 2024. It rapidly rises back up to about 100 million by mid-August, then drops suddenly to about 65 million in early November 2025. The series remains in that range until early 2025, where it climbs back to about 100 million. It remains there until early March 2025, where it falls to 71 million. The values increase back to about 90 million by the end of March 2025 before very steeply declining in April 2025 to end at a local minimum of 32 million on April 11th. The third series is labeled "30-year" and is designated by a blue line. The line corresponds to values on the left y-axis, which ranges from 0 to 35 in millions of dollars. The line starts around 15 million in January 2019 before a quick increase to around 28 million in the middle of 2019. There is a sharp decline to about 7 million in October of 2019 before a rise back to about 15 million and then an even sharper decline to under 5 million in March 2020. From there, the series rises to over 20 million in June 2021, before gradually declining to around 7.5 million in March 2022. The series hovers between 7 and 11 million until the end of 2022, when it declines again to about 5 million. It rises again to about 15 million by end the of 2023, drops to 10 million in the beginning of 2024, then rises to around 16 million in March 2024. It remains there until a steep decline to 12.36 million in early August 2024, but it quickly rebounds back to around 15.6 million by mid-August 2024. It jumps to nearly 18 million by the end of September 2024. The series generally increases until March 2025, where it hits a local maximum of about 17.3 million before falling to about 14 million at the middle of March 2025. The series increases slightly again to around 16 million by early April 2025, then sharply declines to its final value of about 8.8 million on April 11th, 2025.

Note: Market depth is defined as the average top 3 bid and ask quote sizes for on-the-run Treasury securities.

Source: Inter Dealer Broker Community.

Return to text

Figure 1.12. On-the-run Treasury market depth was close to its historical lows

This is a line chart titled "On-the-run Treasury market depth was close to its historic lows". The x-axis measures time and ranges from September 2019 to April 2025. The data are 5-day moving average. There are two variables plotted on the chart. The first line is labeled "2-year OTR market depth" and is designated by a black line. This line corresponds to the values on the right y-axis, which ranges from 0 to 300 in millions of dollars. It begins at around 40 million in October 2019 and rises steadily to about 80 million in February 2020 before there is a sharp decrease in March 2020 to a low of about 9 million. Then, there is a quick rebound back to around 285 million in February of 2021, a sharp drop down to about 110 million in March 2021, and an increase back to about 260 million in June 2021. There is a gradual decrease to around 10 million in early 2023. The series remains between 5 and 12 million for most of 2023 but increases in early 2024 to almost 40 million in May 2024, where the series hovers for a few months. There is a decline in early July 2024 to about 28 million, and the series remains between 20 and 30 million until increasing to about 40 million in February 2025. The series remains around that value until a steep drop to its final value of about 9 million on April 11, 2025. The second line is labeled "10-year OTR market depth" and is designated by a blue line. This line corresponds to the values on the left y-axis, which ranges from 0 to 60 in millions of dollars. It begins at about 35 million dollars in 2019, rises to around 50 million by February of 2020 before steeply dropping to 5 million in March 2020. The series increases back up to 55 million in late 2020. The series wavers between 30 and 50 million in 2021 and then declines throughout 2022 from about 30 million dollars to about 10 million dollars. March 2023 shows a further decline to about 8 million dollars before the series takes on an increasing trend and reaches about 31 million in March 2024. It remains around that value until a steep decline in early August 2024, where the series reaches a local minimum of about 15 million. The series recovers quickly to about 35 million, but drops down to 20 million at the end of October 2024. It remains around 20 million through the end of 2024, then climbs in early 2025 to reach about 40 million at the end of February. The series bounces down to 20 million in early March 2025 then back up to 30 million at the end of March 2025. The series ends with a sharp decline to about 10 million at its final value on April 11, 2025.

Note: The data show the time-weighted average market depth at the best quoted prices to buy and sell, for 2-year and 10-year Treasury notes. OTR is on-the-run.

Source: BrokerTec; Federal Reserve Board staff calculations.

Return to text

Figure 1.13. A measure of liquidity in equity markets stayed well below average

Market depth (number of contracts)

Date	Close Depth
1997-09-09	12.9649122807018
1997-09-10	8.95159194282001
1997-09-11	11.9533246696989
1997-09-12	12.7828947368421
1997-09-15	14.3658219623132
1997-09-17	14.7160493827161
1997-09-18	18.3086419753086
1997-09-19	18.3410493827161
1997-09-22	18.7345679012346
1997-09-23	17.6944444444444
1997-09-24	16.9506172839506
1997-09-25	16.3703703703704
1997-09-26	16.9232618583496
1997-09-29	18.2343729694607
1997-09-30	18.5738791423002
1997-10-01	19.3368421052632
1997-10-02	20.0936322287199
1997-10-03	19.2345679012346
1997-10-06	18.1543209876543
1997-10-07	18.1543209876543
1997-10-08	17.9395061728395
1997-10-09	16.5938271604938
1997-10-10	15.3950617283951
1997-10-13	14.3432098765432
1997-10-14	13.7185185185185
1997-10-15	12.9086419753086
1997-10-16	12.6456790123457
1997-10-17	12.9012345679012
1997-10-20	12.6592592592593
1997-10-21	11.9049382716049
1997-10-22	11.4084470435348
1997-10-23	10.9430149447693
1997-10-24	10.3158544509422
1997-10-27	9.720619111436
1997-10-28	8.5739678768681
1997-10-29	7.65194058641975
1997-10-30	7.07416280864198
1997-10-31	6.7358912037037
1997-11-03	6.73729938271605
1997-11-04	7.55308641975309
1997-11-05	8.30493827160494
1997-11-06	8.61851851851852
1997-11-07	8.58024691358025
1997-11-10	8.52962962962963
1997-11-11	8.7037037037037
1997-11-12	8.84691358024691
1997-11-13	8.82962962962963
1997-11-14	9.45061728395062
1997-11-17	9.88888888888889
1997-11-18	9.7679012345679
1997-11-19	9.82469135802469
1997-11-20	10.1913580246914
1997-11-21	10.3111111111111
1997-11-24	9.9358024691358
1997-11-25	9.91358024691358
1997-11-26	10.0037037037037
1997-11-28	9.66098765432099
1997-12-01	10.44
1997-12-02	11.5758024691358
1997-12-03	12.2338271604938
1997-12-04	12.9955555555556
1997-12-05	13.9691358024691
1997-12-08	13.8827160493827
1997-12-09	13.6197530864198
1997-12-10	13.5246913580247
1997-12-11	12.8148148148148
1997-12-12	12.3185185185185
1997-12-15	12.3358024691358
1997-12-16	11.9740740740741
1997-12-17	11.541975308642
1997-12-18	12.041975308642
1997-12-19	12.4876543209877
1997-12-22	11.6296296296296
1997-12-23	11.3753086419753
1997-12-24	11.2898765432099
1997-12-26	9.41384326355341
1997-12-29	8.1027321524423
1997-12-30	7.60890499194847
1997-12-31	7.61754696725711
1998-01-02	7.47458400429415
1998-01-05	9.2962962962963
1998-01-06	10.4925925925926
1998-01-07	11.2785657998424
1998-01-08	12.0983188862622
1998-01-09	12.6066985158918
1998-01-12	11.9054639479905
1998-01-13	12.1363281455214
1998-01-14	12.6441820987654
1998-01-15	12.362700617284
1998-01-16	12.7901234567901
1998-01-20	13.7358024691358
1998-01-21	14.0053133302078
1998-01-22	13.9571651820597
1998-01-23	13.6077824660103
1998-01-26	13.8732145647757
1998-01-27	14.1238318487264
1998-01-28	13.741975308642
1998-01-29	13.7876543209877
1998-01-30	14.5493827160494
1998-02-02	14.3320987654321
1998-02-03	14.0222222222222
1998-02-04	14.2740740740741
1998-02-05	14.5123456790123
1998-02-06	14.1234567901235
1998-02-09	14.1407407407407
1998-02-10	14.4407407407407
1998-02-11	14.5358024691358
1998-02-12	14.7407407407407
1998-02-13	13.7728395061728
1998-02-17	13.8024691358025
1998-02-18	14.3666666666667
1998-02-19	14.5296296296296
1998-02-20	14.0728395061728
1998-02-23	15.4185185185185
1998-02-24	15.5703703703704
1998-02-25	14.679012345679
1998-02-26	14.6012345679012
1998-02-27	14.5814814814815
1998-03-02	14.583950617284
1998-03-03	14.7407407407407
1998-03-04	14.3864197530864
1998-03-05	14.380987654321
1998-03-06	14.3241975308642
1998-03-09	14.2081481481482
1998-03-10	13.9649382716049
1998-03-11	14.6562962962963
1998-03-12	14.558024691358
1998-03-13	14.4777777777778
1998-03-16	14.8765432098765
1998-03-17	15.2913580246914
1998-03-18	15.0938271604938
1998-03-19	15.2925925925926
1998-03-20	15.5654320987654
1998-03-23	15.6740740740741
1998-03-24	15.8827160493827
1998-03-25	16.3172839506173
1998-03-26	16.445987654321
1998-03-27	15.6111111111111
1998-03-30	14.3271604938272
1998-03-31	13.070987654321
1998-04-01	11.8811728395062
1998-04-02	12.320987654321
1998-04-03	12.1567901234568
1998-04-06	12.4432098765432
1998-04-07	12.2407407407407
1998-04-08	11.9913580246914
1998-04-09	11.4617283950617
1998-04-13	11.9135802469136
1998-04-14	11.6635802469136
1998-04-15	12.033950617284
1998-04-16	11.625
1998-04-17	11.9753086419753
1998-04-20	12.7561728395062
1998-04-21	12.7561728395062
1998-04-22	11.9327238631036
1998-04-23	13.0392053445851
1998-04-24	12.4327238631036
1998-04-27	10.899434621481
1998-04-28	10.762757573728
1998-04-29	10.9375661375661
1998-04-30	10.2844797178131
1998-05-01	10.2178130511464
1998-05-04	11.3074074074074
1998-05-05	12.2259259259259
1998-05-06	12.3506172839506
1998-05-07	12.3913580246914
1998-05-08	12.3703703703704
1998-05-11	11.5617283950617
1998-05-12	11.237037037037
1998-05-13	11.1962962962963
1998-05-14	11.2962962962963
1998-05-15	11.262962962963
1998-05-18	11.3851851851852
1998-05-19	11.3493827160494
1998-05-20	11.3876543209877
1998-05-21	11.320987654321
1998-05-22	10.962962962963
1998-05-26	10.9444444444444
1998-05-27	10.2358024691358
1998-05-28	10.2111111111111
1998-05-29	10.2913580246914
1998-06-01	11.4493827160494
1998-06-02	11.5765432098765
1998-06-03	11.7530864197531
1998-06-04	11.7320987654321
1998-06-05	11.7555555555556
1998-06-08	10.9634827810266
1998-06-09	10.8992852501624
1998-06-10	11.254840805718
1998-06-11	11.0634827810266
1998-06-12	10.4190383365822
1998-06-15	10.3679012345679
1998-06-16	9.80987654320988
1998-06-17	9.4358024691358
1998-06-18	9.41975308641975
1998-06-19	9.89135802469136
1998-06-22	10.8407407407407
1998-06-23	11.8555555555556
1998-06-24	12.4074074074074
1998-06-25	12.5518518518519
1998-06-26	12.679012345679
1998-06-29	12.0123456790123
1998-06-30	12.0004566210046
1998-07-01	11.7474843565026
1998-07-02	11.6302004058853
1998-07-06	12.7768053441569
1998-07-07	13.8385337392187
1998-07-08	13.554012345679
1998-07-09	13.554012345679
1998-07-10	14.0601851851852
1998-07-13	13.8364197530864
1998-07-14	13.3662551440329
1998-07-15	13.7078189300412
1998-07-16	13.695987654321
1998-07-17	13.6296296296296
1998-07-20	13.6049382716049
1998-07-21	13.6962962962963
1998-07-22	13.4456790123457
1998-07-23	12.9469135802469
1998-07-24	12.0555555555556
1998-07-27	10.9
1998-07-28	10.2506172839506
1998-07-29	9.59382716049383
1998-07-30	9.31975308641975
1998-07-31	9.64700854700855
1998-08-03	9.89021842355176
1998-08-04	9.73725546058879
1998-08-05	9.32861348528015
1998-08-06	10.4928110161444
1998-08-07	10.2124691358025
1998-08-10	10.4040740740741
1998-08-11	9.68782407407408
1998-08-12	9.90881172839506
1998-08-13	8.13103395061728
1998-08-14	8.29770061728395
1998-08-17	7.89375
1998-08-18	8.4320987654321
1998-08-19	8.7037037037037
1998-08-20	9.09876543209877
1998-08-21	9.04074074074074
1998-08-24	8.97654320987654
1998-08-25	9.05061728395062
1998-08-26	8.75061728395062
1998-08-27	8.34074074074074
1998-08-28	7.96049382716049
1998-08-31	7.73614197530864
1998-09-01	7.21515432098766
1998-09-02	7.22626543209877
1998-09-03	7.27688271604938
1998-09-04	7.14972222222222
1998-09-08	6.84814814814815
1998-09-09	6.8287037037037
1998-09-10	6.74691358024691
1998-09-11	6.71604938271605
1998-09-14	6.99074074074074
1998-09-15	8
1998-09-16	8.40246913580247
1998-09-17	8.6833024691358
1998-09-18	8.90552469135803
1998-09-21	8.50481481481481
1998-09-22	7.76777777777778
1998-09-23	7.20975308641975
1998-09-24	7.19166485112564
1998-09-25	7.37561546840959
1998-09-28	8.14546114742193
1998-09-29	8.45286855482934
1998-09-30	8.6837327523602
1998-10-01	8.31111111111111
1998-10-02	8.1358024691358
1998-10-05	8.15802469135803
1998-10-06	8.44074074074074
1998-10-07	8.53884982028442
1998-10-08	8.18965463353649
1998-10-09	7.78842006563526
1998-10-12	7.36990154711674
1998-10-13	6.71064228785748
1998-10-14	6.67549617127676
1998-10-15	7.2679012345679
1998-10-16	7.41111111111111
1998-10-19	7.21111111111111
1998-10-20	7.64938271604938
1998-10-21	7.37901234567901
1998-10-22	7.09012345679012
1998-10-23	7.08765432098765
1998-10-26	7.82438271604938
1998-10-27	7.99845679012346
1998-10-28	8.18734567901235
1998-10-29	8.61327160493827
1998-10-30	8.90462962962963
1998-11-02	9.08024691358025
1998-11-03	9.55185185185185
1998-11-04	10.0308641975309
1998-11-05	10.2802469135802
1998-11-06	10.5814814814815
1998-11-09	10.6283950617284
1998-11-10	10.7530864197531
1998-11-11	10.4962962962963
1998-11-12	10.7827160493827
1998-11-13	11.1913580246914
1998-11-16	11.2728395061728
1998-11-17	10.7604938271605
1998-11-18	11.158024691358
1998-11-19	11.1728395061728
1998-11-20	11.2222222222222
1998-11-23	11.7395061728395
1998-11-24	12.2617283950617
1998-11-25	11.9296296296296
1998-11-27	10.6781455214079
1998-11-30	10.8164171263462
1998-12-01	10.7485158917783
1998-12-02	10.5818492251116
1998-12-03	10.6945476378101
1998-12-04	11.6114638447972
1998-12-07	11.6336860670194
1998-12-08	11.2978835978836
1998-12-09	11.1880070546737
1998-12-10	10.8123456790123
1998-12-11	10.4901234567901
1998-12-14	10.3259259259259
1998-12-15	10.2975308641975
1998-12-16	10.3592592592593
1998-12-17	10.7691358024691
1998-12-18	10.7320987654321
1998-12-21	9.81604938271605
1998-12-22	9.05185185185185
1998-12-23	8.58765432098766
1998-12-24	7.52455716586151
1998-12-28	7.49369296833065
1998-12-29	8.08875469672571
1998-12-30	8.11838432635534
1998-12-31	8.21221148684917
1999-01-04	9.17530864197531
1999-01-05	9.65185185185185
1999-01-06	9.95679012345679
1999-01-07	10.3962962962963
1999-01-08	10.7024691358025
1999-01-11	11.1345679012346
1999-01-12	11.2456790123457
1999-01-13	10.5939834349117
1999-01-14	10.4186747929364
1999-01-15	9.51250195343022
1999-01-19	8.94953899046726
1999-01-20	8.4223784966401
1999-01-21	9.05925925925926
1999-01-22	8.69753086419753
1999-01-25	9.13086419753087
1999-01-26	9.08796296296296
1999-01-27	9.20524691358025
1999-01-28	8.40740740740741
1999-01-29	8.95679012345679
1999-02-01	9.09722222222222
1999-02-02	9.23456790123457
1999-02-03	9.56913580246914
1999-02-04	9.48888888888889
1999-02-05	9.08271604938272
1999-02-08	9.19259259259259
1999-02-09	9.3283950617284
1999-02-10	9.25802469135803
1999-02-11	9.48641975308642
1999-02-12	9.54814814814815
1999-02-16	9.58024691358025
1999-02-17	9.60617283950617
1999-02-18	9.61851851851852
1999-02-19	9.49876543209877
1999-02-22	10.1938271604938
1999-02-23	10.3814814814815
1999-02-24	9.90987654320988
1999-02-25	9.67654320987654
1999-02-26	9.55185185185185
1999-03-01	9.18271604938272
1999-03-02	9.12222222222222
1999-03-03	9.31604938271605
1999-03-04	9.34444444444444
1999-03-05	9.51234567901234
1999-03-08	9.77037037037037
1999-03-09	9.88888888888889
1999-03-10	10.1481481481481
1999-03-11	10.1333333333333
1999-03-12	10.1876543209877
1999-03-15	10.1530864197531
1999-03-16	9.84444444444444
1999-03-17	9.98888888888889
1999-03-18	10.137037037037
1999-03-19	10.1222222222222
1999-03-22	10.1728395061728
1999-03-23	10.458024691358
1999-03-24	10.7012345679012
1999-03-25	10.8716049382716
1999-03-26	10.9506172839506
1999-03-29	11.0506172839506
1999-03-30	10.937037037037
1999-03-31	10.3888888888889
1999-04-01	10.0506172839506
1999-04-05	10.5765432098765
1999-04-06	10.5
1999-04-07	10.537037037037
1999-04-08	11.0530864197531
1999-04-09	11.2506172839506
1999-04-12	11.2802469135802
1999-04-13	11.4864197530864
1999-04-14	11.6382716049383
1999-04-15	11.3506172839506
1999-04-16	11.0814814814815
1999-04-19	10.5358024691358
1999-04-20	10.2320987654321
1999-04-21	9.87777777777778
1999-04-22	9.74691358024691
1999-04-23	9.6320987654321
1999-04-26	9.72592592592593
1999-04-27	9.65802469135802
1999-04-28	9.56049382716049
1999-04-29	9.52469135802469
1999-04-30	9.43086419753086
1999-05-03	9.39012345679012
1999-05-04	9.16049382716049
1999-05-05	9.67283950617284
1999-05-06	9.51728395061728
1999-05-07	9.6
1999-05-10	9.88641975308642
1999-05-11	10.3938271604938
1999-05-12	9.75474292858259
1999-05-13	10.2930145335209
1999-05-14	10.1893108298172
1999-05-17	10.0732614471011
1999-05-18	9.7942491014221
1999-05-19	10.4246913580247
1999-05-20	10.5320987654321
1999-05-21	11.2814814814815
1999-05-24	11.3259259259259
1999-05-25	11.6641975308642
1999-05-26	11.6320987654321
1999-05-27	11.1049382716049
1999-05-28	10.4337191358025
1999-06-01	10.247299382716
1999-06-02	9.8633487654321
1999-06-03	9.77199074074074
1999-06-04	9.95470679012346
1999-06-07	10.7592592592593
1999-06-08	11.3197530864198
1999-06-09	11.6728395061728
1999-06-10	12.0518518518519
1999-06-11	12.0851851851852
1999-06-14	12.4987654320988
1999-06-15	12.8506172839506
1999-06-16	13.2617283950617
1999-06-17	13.5456790123457
1999-06-18	13.7432098765432
1999-06-21	13.2592592592593
1999-06-22	12.7802469135803
1999-06-23	12.9938271604938
1999-06-24	12.9802469135802
1999-06-25	12.7901234567901
1999-06-28	13.3950617283951
1999-06-29	14.0320987654321
1999-06-30	13.4617283950617
1999-07-01	13.0987654320988
1999-07-02	13.1074074074074
1999-07-06	13.3925925925926
1999-07-07	13.3864197530864
1999-07-08	13.7814814814815
1999-07-09	13.8469135802469
1999-07-12	14.8765432098765
1999-07-13	14.7049382716049
1999-07-14	14.7604938271605
1999-07-15	15.1888888888889
1999-07-16	15.7666666666667
1999-07-19	15.8234567901235
1999-07-20	16.0851851851852
1999-07-21	15.7197530864198
1999-07-22	15.3432098765432
1999-07-23	14.5740740740741
1999-07-26	14.1728395061728
1999-07-27	13.9975308641975
1999-07-28	14.6086419753086
1999-07-29	14.3086419753086
1999-07-30	14.3814814814815
1999-08-02	14.237037037037
1999-08-03	13.3641975308642
1999-08-04	12.462962962963
1999-08-05	12.3827160493827
1999-08-06	12.1890586419753
1999-08-09	12.4902932098765
1999-08-10	12.6989351851852
1999-08-11	13.0643672839506
1999-08-12	13.7359722222222
1999-08-13	14.5617283950617
1999-08-16	14.6864197530864
1999-08-17	15.2172839506173
1999-08-18	15.5382716049383
1999-08-19	14.8469135802469
1999-08-20	15.2753086419753
1999-08-23	15.8395061728395
1999-08-24	15.9753086419753
1999-08-25	15.9666666666667
1999-08-26	16.7358024691358
1999-08-27	15.7074074074074
1999-08-30	14.9442469135802
1999-08-31	14.864
1999-09-01	14.3677037037037
1999-09-02	13.7170864197531
1999-09-03	13.780049382716
1999-09-07	13.8432098765432
1999-09-08	13.3308641975309
1999-09-09	13.9703703703704
1999-09-10	14.2087542087542
1999-09-13	14.8852974186308
1999-09-14	15.2890011223345
1999-09-15	15.8112233445567
1999-09-16	15.5248035914703
1999-09-17	16.0456790123457
1999-09-20	15.316049382716
1999-09-21	14.8864197530864
1999-09-22	14.9456790123457
1999-09-23	15.2049382716049
1999-09-24	14.1530864197531
1999-09-27	14.820987654321
1999-09-28	14.5185185185185
1999-09-29	13.5518518518519
1999-09-30	12.741975308642
1999-10-01	12.7617283950617
1999-10-04	12.5679012345679
1999-10-05	12.7123456790123
1999-10-06	13.7407407407407
1999-10-07	14.1469135802469
1999-10-08	14.7049382716049
1999-10-11	14.5148148148148
1999-10-12	15.4802469135803
1999-10-13	15.3469135802469
1999-10-14	15.4111111111111
1999-10-15	14.807037037037
1999-10-18	14.7996296296296
1999-10-19	14.0786419753086
1999-10-20	13.6971604938272
1999-10-21	13.3317283950617
1999-10-22	14.0407407407407
1999-10-25	14.3753086419753
1999-10-26	14.3617283950617
1999-10-27	14.3395061728395
1999-10-28	15.0740740740741
1999-10-29	14.6938271604938
1999-11-01	14.8975308641975
1999-11-02	15.2098765432099
1999-11-03	15.3617283950617
1999-11-04	15.3012345679012
1999-11-05	15.3086419753086
1999-11-08	15.0765432098765
1999-11-09	14.8518518518519
1999-11-10	14.7666666666667
1999-11-11	13.9555555555556
1999-11-12	13.6506172839506
1999-11-15	13.7691358024691
1999-11-16	13.8012345679012
1999-11-17	14.1221207508879
1999-11-18	15.1110096397768
1999-11-19	16.1159479113817
1999-11-22	16.2591577879249
1999-11-23	16.1986639607644
1999-11-24	16.0148148148148
1999-11-26	15.9277121092724
1999-11-29	15.6462306277909
1999-11-30	15.4536380351983
1999-12-01	15.3042553191489
1999-12-02	15.4178355660625
1999-12-03	15.2345679012346
1999-12-06	15.4259259259259
1999-12-07	15.637037037037
1999-12-08	15.5753086419753
1999-12-09	15.962962962963
1999-12-10	15.3259259259259
1999-12-13	15.7765432098765
1999-12-14	15.9518518518519
1999-12-15	16.2938271604938
1999-12-16	15.9938271604938
1999-12-17	16.8506172839506
1999-12-20	16.362962962963
1999-12-21	16.3123456790123
1999-12-22	15.2172839506173
1999-12-23	14.0111111111111
1999-12-27	13.2283950617284
1999-12-28	12.879012345679
1999-12-29	11.5679012345679
1999-12-30	11.6691358024691
1999-12-31	12.12525496511
2000-01-03	12.2499463231347
2000-01-04	11.7528166935051
2000-01-05	11.7886191626409
2000-01-06	11.7330636070853
2000-01-07	11.7942283950617
2000-01-10	11.7658333333333
2000-01-11	12.5
2000-01-12	13.2222222222222
2000-01-13	13.4432098765432
2000-01-14	13.662962962963
2000-01-18	14.1086419753086
2000-01-19	13.7592592592593
2000-01-20	13.7382716049383
2000-01-21	14.1185185185185
2000-01-24	14.2716049382716
2000-01-25	14.2567901234568
2000-01-26	13.5395061728395
2000-01-27	13.1703703703704
2000-01-28	12.2395061728395
2000-01-31	11.9802469135802
2000-02-01	11.1345679012346
2000-02-02	11.3333333333333
2000-02-03	11.1222222222222
2000-02-04	11.7098765432099
2000-02-07	11.6432098765432
2000-02-08	12.3061728395062
2000-02-09	13.3777777777778
2000-02-10	13.6469135802469
2000-02-11	13.679012345679
2000-02-14	13.9358024691358
2000-02-15	14.1232067510549
2000-02-16	13.971354899203
2000-02-17	14.0022190967339
2000-02-18	13.70839193624
2000-02-22	14.0738240350055
2000-02-23	13.7592592592593
2000-02-24	12.9172839506173
2000-02-25	12.7259259259259
2000-02-28	13.2061728395062
2000-02-29	12.8172839506173
2000-03-01	12.5160493827161
2000-03-02	12.9493827160494
2000-03-03	13.2
2000-03-06	13.2382716049383
2000-03-07	13.0555555555556
2000-03-08	13.2338624338624
2000-03-09	12.6844797178131
2000-03-10	12.6326278659612
2000-03-13	12.2141093474427
2000-03-14	12.3615452448786
2000-03-15	12.0766967600301
2000-03-16	12.1635713539222
2000-03-17	11.9668098714151
2000-03-20	11.8109456738843
2000-03-21	11.5001075922129
2000-03-22	11.2027290448343
2000-03-23	11.625
2000-03-24	11.641975308642
2000-03-27	11.5617283950617
2000-03-28	12.4276688453159
2000-03-29	12.6029774872912
2000-03-30	12.1042120551924
2000-03-31	11.7696441539579
2000-04-03	11.6153231663036
2000-04-04	10.7156172839506
2000-04-05	10.1045061728395
2000-04-06	9.97364197530864
2000-04-07	9.88845679012346
2000-04-10	10.3008024691358
2000-04-11	10.0703703703704
2000-04-12	10.8375188196326
2000-04-13	10.9671484492623
2000-04-14	11.1807286961759
2000-04-17	10.9004817825956
2000-04-18	10.7955435109907
2000-04-19	10.7061728395062
2000-04-20	10.8543209876543
2000-04-24	10.6
2000-04-25	11.1111111111111
2000-04-26	11.379012345679
2000-04-27	11.5222222222222
2000-04-28	10.8407407407407
2000-05-01	11.1358024691358
2000-05-02	10.8283950617284
2000-05-03	11.0061728395062
2000-05-04	10.7506172839506
2000-05-05	11.3851851851852
2000-05-08	11.6197530864198
2000-05-09	11.8345679012346
2000-05-10	11.9518518518519
2000-05-11	12.058024691358
2000-05-12	12.0975308641975
2000-05-15	12.7530864197531
2000-05-16	12.4283950617284
2000-05-17	12.1592592592593
2000-05-18	12.6012345679012
2000-05-19	12.9405864197531
2000-05-22	12.6676697530864
2000-05-23	13.1170524691358
2000-05-24	13.1219907407407
2000-05-25	12.960262345679
2000-05-26	12.5443672839506
2000-05-30	12.3592592592593
2000-05-31	12.1728395061728
2000-06-01	12.1296296296296
2000-06-02	11.9987654320988
2000-06-05	12.7666666666667
2000-06-06	13.3728395061728
2000-06-07	13.6802469135802
2000-06-08	14.0469135802469
2000-06-09	14.3679012345679
2000-06-12	14.7962962962963
2000-06-13	14.4901234567901
2000-06-14	14.7283950617284
2000-06-15	14.5530864197531
2000-06-16	14.6592592592593
2000-06-19	14.1530864197531
2000-06-20	14.6617283950617
2000-06-21	14.758024691358
2000-06-22	15.4296296296296
2000-06-23	15.4901234567901
2000-06-26	15.8888888888889
2000-06-27	15.7888888888889
2000-06-28	16.1160493827161
2000-06-29	16.1222222222222
2000-06-30	16.3888888888889
2000-07-03	16.3917937545389
2000-07-05	16.2954974582426
2000-07-06	16.4930283224401
2000-07-07	17.2596949891068
2000-07-10	17.523892519971
2000-07-11	18.1641975308642
2000-07-12	18.0308641975309
2000-07-13	17.9777777777778
2000-07-14	17.337037037037
2000-07-17	17.9543209876543
2000-07-18	18.4728395061728
2000-07-19	19.6308641975309
2000-07-20	19.8061728395062
2000-07-21	20.1592592592593
2000-07-24	20.2012345679012
2000-07-25	19.716049382716
2000-07-26	18.9876543209877
2000-07-27	18.437037037037
2000-07-28	17.6617283950617
2000-07-31	16.7259259259259
2000-08-01	16.3259259259259
2000-08-02	16.1901234567901
2000-08-03	16.2728395061728
2000-08-04	16.3111111111111
2000-08-07	16.6567901234568
2000-08-08	17.1395061728395
2000-08-09	17.541975308642
2000-08-10	17.8938271604938
2000-08-11	18.8222222222222
2000-08-14	19.9987654320988
2000-08-15	20.2530864197531
2000-08-16	20.9012345679012
2000-08-17	21.6617283950617
2000-08-18	21.4604938271605
2000-08-21	20.9938271604938
2000-08-22	20.9864197530864
2000-08-23	20.8123456790123
2000-08-24	20.6876543209877
2000-08-25	21.0938271604938
2000-08-28	21.6666666666667
2000-08-29	22.2493827160494
2000-08-30	22.620987654321
2000-08-31	22.862962962963
2000-09-01	22.141975308642
2000-09-05	21.283950617284
2000-09-06	20.7851851851852
2000-09-07	20.7271604938272
2000-09-08	21.237037037037
2000-09-11	22.6222222222222
2000-09-12	22.2962962962963
2000-09-13	22.5
2000-09-14	22.1728395061728
2000-09-15	21.3271604938272
2000-09-18	21.4604938271605
2000-09-19	22.6185185185185
2000-09-20	22.8148148148148
2000-09-21	22.3444444444444
2000-09-22	21.6432098765432
2000-09-25	21.1765432098765
2000-09-26	20.3012345679012
2000-09-27	19.241975308642
2000-09-28	19.2864197530864
2000-09-29	19.4716049382716
2000-10-02	18.5827160493827
2000-10-03	18.1049382716049
2000-10-04	17.4222222222222
2000-10-05	16.8592592592593
2000-10-06	16.5024691358025
2000-10-09	15.637037037037
2000-10-10	15.4049382716049
2000-10-11	15.1061728395062
2000-10-12	13.9469135802469
2000-10-13	13.2740740740741
2000-10-16	13.4716049382716
2000-10-17	12.9839506172839
2000-10-18	13.4584175084175
2000-10-19	14.1670594837262
2000-10-20	14.7547138047138
2000-10-23	14.5460718294052
2000-10-24	14.918911335578
2000-10-25	14.7567901234568
2000-10-26	14.8864197530864
2000-10-27	14.2388888888889
2000-10-30	14.6685185185185
2000-10-31	14.6623456790123
2000-11-01	14.8166666666667
2000-11-02	14.7623456790123
2000-11-03	15.3296296296296
2000-11-06	16.0283950617284
2000-11-07	16.9553086419753
2000-11-08	16.8614814814815
2000-11-09	17.0071604938272
2000-11-10	16.4096296296296
2000-11-13	15.7281481481481
2000-11-14	14.5641975308642
2000-11-15	14.5086419753086
2000-11-16	14.3666666666667
2000-11-17	14.3382716049383
2000-11-20	14.1925925925926
2000-11-21	13.8666666666667
2000-11-22	13.1913580246914
2000-11-24	12.8552334943639
2000-11-27	13.2107890499195
2000-11-28	13.6330112721417
2000-11-29	14.1910359634997
2000-11-30	14.7651100375738
2000-12-01	14.9913580246914
2000-12-04	14.7086419753086
2000-12-05	14.0703703703704
2000-12-06	13.9246913580247
2000-12-07	14.120987654321
2000-12-08	13.9148148148148
2000-12-11	14.0913580246914
2000-12-12	13.6913580246914
2000-12-13	13.6382716049383
2000-12-14	13.6518518518519
2000-12-15	13.953950617284
2000-12-18	14.0811111111111
2000-12-19	14.8082716049383
2000-12-20	14.5946913580247
2000-12-21	13.7181481481481
2000-12-22	12.9320987654321
2000-12-26	13.3604938271605
2000-12-27	13.4259259259259
2000-12-28	13.8493827160494
2000-12-29	14.3710956790123
2001-01-02	15.4340586419753
2001-01-03	14.6846759259259
2001-01-04	14.0303549382716
2001-01-05	13.3747993827161
2001-01-08	12.868430335097
2001-01-09	13.0388007054674
2001-01-10	13.1412698412698
2001-01-11	14.1437389770723
2001-01-12	14.747442680776
2001-01-16	16.1024691358025
2001-01-17	17.0913580246914
2001-01-18	18.3148148148148
2001-01-19	18.3111111111111
2001-01-22	19.3456790123457
2001-01-23	20.258024691358
2001-01-24	20.1234567901235
2001-01-25	19.8851851851852
2001-01-26	20.3395061728395
2001-01-29	20.3407407407407
2001-01-30	20.1975308641975
2001-01-31	20.2246759259259
2001-02-01	21.061712962963
2001-02-02	21.0444290123457
2001-02-05	22.6049228395062
2001-02-06	23.9259104938272
2001-02-07	25.041975308642
2001-02-08	25.783950617284
2001-02-09	27.8940131912735
2001-02-12	28.3347539320142
2001-02-13	28.6779638085574
2001-02-14	28.8927786233722
2001-02-15	29.1878403517673
2001-02-16	27.8851851851852
2001-02-20	27.8382716049383
2001-02-21	27.0061728395062
2001-02-22	25.6962962962963
2001-02-23	23.3518518518519
2001-02-26	22.7530864197531
2001-02-27	21.2412698412698
2001-02-28	20.1238778659612
2001-03-01	19.517705026455
2001-03-02	20.4677932098765
2001-03-05	20.1887808641975
2001-03-06	21.0734369488536
2001-03-07	21.6920634920635
2001-03-08	22.5981040564374
2001-03-09	22.4737654320988
2001-03-12	22.1045866541647
2001-03-13	19.9981051726832
2001-03-14	18.2635372714487
2001-03-15	18.7787310517268
2001-03-16	18.1812001875293
2001-03-19	20.9061728395062
2001-03-20	21.6444444444444
2001-03-21	22.9027777777778
2001-03-22	21.8975887345679
2001-03-23	22.417650462963
2001-03-26	19.3543788580247
2001-03-27	18.9778356481482
2001-03-28	19.300787037037
2001-03-29	19.8814814814815
2001-03-30	20.4037037037037
2001-04-02	21.1007407407407
2001-04-03	21.1649382716049
2001-04-04	20.6995061728395
2001-04-05	21.4859259259259
2001-04-06	21.2908641975309
2001-04-09	21.3185185185185
2001-04-10	22.237037037037
2001-04-11	23.8753086419753
2001-04-12	23.937037037037
2001-04-16	24.583950617284
2001-04-17	24.837037037037
2001-04-18	24.8820987654321
2001-04-19	24.3623456790123
2001-04-20	24.6475308641975
2001-04-23	25.3956790123457
2001-04-24	25.4511882716049
2001-04-25	25.4740277777778
2001-04-26	25.9431635802469
2001-04-27	25.2493364197531
2001-04-30	26.2653858024691
2001-05-01	27.6296296296296
2001-05-02	28.7888888888889
2001-05-03	29.020987654321
2001-05-04	29.0641975308642
2001-05-07	28.2469135802469
2001-05-08	27.5469135802469
2001-05-09	27.7876543209877
2001-05-10	27.6518518518519
2001-05-11	29.020987654321
2001-05-14	30.8222222222222
2001-05-15	31.7222222222222
2001-05-16	32.3938271604938
2001-05-17	35.3740740740741
2001-05-18	36.7518518518519
2001-05-21	37.3530864197531
2001-05-22	38.2123456790123
2001-05-23	38.1074074074074
2001-05-24	36.4555555555556
2001-05-25	35.0333333333333
2001-05-29	34.0962962962963
2001-05-30	35.0802469135803
2001-05-31	35.0032407407407
2001-06-01	34.8057098765432
2001-06-04	35.9489197530864
2001-06-05	36.0711419753086
2001-06-06	36.1776946818614
2001-06-07	35.1077872744539
2001-06-08	34.5968304843305
2001-06-11	35.7091761633428
2001-06-12	36.1054724596391
2001-06-13	35.2890432098765
2001-06-14	37.6297839506173
2001-06-15	38.7160493827161
2001-06-18	38.0716049382716
2001-06-19	38.279012345679
2001-06-20	39.0469135802469
2001-06-21	37.1703703703704
2001-06-22	37.2172839506173
2001-06-25	37.7753086419753
2001-06-26	37.6259259259259
2001-06-27	36.2456790123457
2001-06-28	35.7827160493827
2001-06-29	35.2550925925926
2001-07-02	35.1304012345679
2001-07-03	35.1841049382716
2001-07-05	35.207035221496
2001-07-06	35.9033315177923
2001-07-09	38.0791031227306
2001-07-10	38.5371278140886
2001-07-11	39.4513253449528
2001-07-12	40.7604938271605
2001-07-13	41.7308641975309
2001-07-16	40.2061728395062
2001-07-17	40.4012345679012
2001-07-18	38.6296296296296
2001-07-19	38.6
2001-07-20	37.0148148148148
2001-07-23	37.8512345679012
2001-07-24	36.7314814814815
2001-07-25	36.8907407407407
2001-07-26	36.2956790123457
2001-07-27	36.5043209876543
2001-07-30	36.6703703703704
2001-07-31	36.9888888888889
2001-08-01	37.7555555555556
2001-08-02	38.441975308642
2001-08-03	38.6432098765432
2001-08-06	39.2259259259259
2001-08-07	41.1703703703704
2001-08-08	43.0864197530864
2001-08-09	43.5765432098765
2001-08-10	44.3901234567901
2001-08-13	43.9814814814815
2001-08-14	43.3567901234568
2001-08-15	41.2246913580247
2001-08-16	40.1975308641975
2001-08-17	40.6604938271605
2001-08-20	41.4481481481482
2001-08-21	41.6769135802469
2001-08-22	43.7931944444444
2001-08-23	43.6795382241216
2001-08-24	44.6066987179487
2001-08-27	45.1968221747389
2001-08-28	44.7038592117759
2001-08-29	43.9468376068376
2001-08-30	44.0456790123457
2001-08-31	41.6355401234568
2001-09-04	40.0614660493827
2001-09-05	37.6120833333333
2001-09-06	34.3664043209877
2001-09-07	31.57875
2001-09-10	31.703125
2001-09-17	28.4977593779677
2001-09-18	29.6508457977208
2001-09-19	30.3273890075973
2001-09-20	30.2557840693257
2001-09-21	28.7064090693257
2001-09-24	30.9068364197531
2001-09-25	29.5352314814815
2001-09-26	31.0784413580247
2001-09-27	34.2389351851852
2001-09-28	37.5301851851852
2001-10-01	40.8511728395062
2001-10-02	42.5005555555556
2001-10-03	43.8758641975309
2001-10-04	42.9129012345679
2001-10-05	42.5703703703704
2001-10-08	40.0756172839506
2001-10-09	40.5108024691358
2001-10-10	39.4151234567901
2001-10-11	42.1898148148148
2001-10-12	41.0817901234568
2001-10-15	43.0518518518519
2001-10-16	44.0777777777778
2001-10-17	45.1444444444445
2001-10-18	44.1111111111111
2001-10-19	48.2456790123457
2001-10-22	47.7777777777778
2001-10-23	47.704938271605
2001-10-24	47.6787037037037
2001-10-25	48.7219135802469
2001-10-26	45.8206790123457
2001-10-29	45.4688271604938
2001-10-30	45.5996913580247
2001-10-31	44.9679012345679
2001-11-01	43.8061728395062
2001-11-02	44.0123456790123
2001-11-05	43.9962962962963
2001-11-06	43.7641975308642
2001-11-07	44.4559082892416
2001-11-08	46.463315696649
2001-11-09	46.7694885361552
2001-11-12	44.0694885361552
2001-11-13	44.9793650793651
2001-11-14	45.7611111111111
2001-11-15	44.7265432098765
2001-11-16	46.1277777777778
2001-11-19	52.087037037037
2001-11-20	53.629012345679
2001-11-21	53.0851851851852
2001-11-23	54.3805883898083
2001-11-26	55.7225636984502
2001-11-27	54.5398476490675
2001-11-28	53.3546624638823
2001-11-29	53.6287365379564
2001-11-30	54.1925925925926
2001-12-03	53.6370370370371
2001-12-04	55.6358024691358
2001-12-05	57.6543209876543
2001-12-06	59.7703703703704
2001-12-07	61.1925925925926
2001-12-10	62.4950617283951
2001-12-11	61.9012345679012
2001-12-12	63.2814814814815
2001-12-13	62.2308641975309
2001-12-14	61.1543209876543
2001-12-17	60.5407407407407
2001-12-18	58.8938271604938
2001-12-19	58.0024691358025
2001-12-20	58.1802469135802
2001-12-21	59.8777777777778
2001-12-24	57.5692934068821
2001-12-26	56.5186761229315
2001-12-27	56.9433674809561
2001-12-28	56.6606514315734
2001-12-31	55.016206987129
2002-01-02	58.0086419753086
2002-01-03	61.6666666666667
2002-01-04	61.3691358024691
2002-01-07	64.2012345679012
2002-01-08	66.3012345679012
2002-01-09	70.1098765432099
2002-01-10	70.3222222222222
2002-01-11	69.8197530864198
2002-01-14	72.8876543209877
2002-01-15	79.020987654321
2002-01-16	78.6061728395062
2002-01-17	84.3572345679013
2002-01-18	86.1859823633157
2002-01-22	85.4353650793651
2002-01-23	82.5106737213404
2002-01-24	80.224253968254
2002-01-25	75.3559082892416
2002-01-28	81.6165432098766
2002-01-29	81.4054320987654
2002-01-30	77.7535802469136
2002-01-31	77.6943209876543
2002-02-01	75.0986666666667
2002-02-04	69.6821234567901
2002-02-05	66.2364444444444
2002-02-06	64.0512592592593
2002-02-07	64.3599012345679
2002-02-08	61.8820037986705
2002-02-11	62.6301519468186
2002-02-12	64.9622507122507
2002-02-13	70.4029914529915
2002-02-14	71.616571699905
2002-02-15	75.9358024691358
2002-02-19	75.2234567901235
2002-02-20	77.8061728395062
2002-02-21	78.0135802469136
2002-02-22	78.4469135802469
2002-02-25	81.8283950617284
2002-02-26	81.3938271604938
2002-02-27	79.0987654320988
2002-02-28	78.3098765432099
2002-03-01	80.0864197530864
2002-03-04	82.1296296296296
2002-03-05	84.4888888888889
2002-03-06	86.4827160493827
2002-03-07	85.0604938271605
2002-03-08	81.0654320987654
2002-03-11	79.6604938271605
2002-03-12	80.7098765432099
2002-03-13	82.7024691358025
2002-03-14	87.9530864197531
2002-03-15	95.883950617284
2002-03-18	98.5271604938272
2002-03-19	97.841975308642
2002-03-20	100.254320987654
2002-03-21	101.702469135802
2002-03-22	99.479012345679
2002-03-25	101.223456790123
2002-03-26	102.092592592593
2002-03-27	101.277777777778
2002-03-28	97.2172839506173
2002-04-01	101.195061728395
2002-04-02	100.250617283951
2002-04-03	105.001234567901
2002-04-04	107.306172839506
2002-04-05	113.30987654321
2002-04-08	111.261728395062
2002-04-09	114.086419753086
2002-04-10	119.087654320988
2002-04-11	119.864306463326
2002-04-12	117.25813362382
2002-04-15	120.414923747277
2002-04-16	122.265541031227
2002-04-17	119.054429920116
2002-04-18	118.325925925926
2002-04-19	118.90987654321
2002-04-22	121.741975308642
2002-04-23	119.477777777778
2002-04-24	118.244444444444
2002-04-25	116.545679012346
2002-04-26	115.345679012346
2002-04-29	114.356790123457
2002-04-30	114.362962962963
2002-05-01	113.961728395062
2002-05-02	113.287654320988
2002-05-03	110.706172839506
2002-05-06	105.438271604938
2002-05-07	103.28924832005
2002-05-08	106.756069307704
2002-05-09	103.884464369433
2002-05-10	107.293106344741
2002-05-13	113.826439678075
2002-05-14	117.528549382716
2002-05-15	114.867901234568
2002-05-16	121.561728395062
2002-05-17	128.253086419753
2002-05-20	123.083950617284
2002-05-21	124.458024691358
2002-05-22	125.204938271605
2002-05-23	122.297530864198
2002-05-24	117.153086419753
2002-05-28	121.907407407407
2002-05-29	119.577777777778
2002-05-30	120.714814814815
2002-05-31	126.575308641975
2002-06-03	131.340740740741
2002-06-04	131.678111444778
2002-06-05	128.420226140119
2002-06-06	124.106645893205
2002-06-07	114.838295724855
2002-06-10	107.838295724855
2002-06-11	103.230554650447
2002-06-12	101.685970819304
2002-06-13	99.2390572390573
2002-06-14	97.9135802469136
2002-06-17	100.850617283951
2002-06-18	100.830864197531
2002-06-19	102.181481481482
2002-06-20	103.714814814815
2002-06-21	105.466666666667
2002-06-24	103.181481481482
2002-06-25	101.230864197531
2002-06-26	94.7234567901235
2002-06-27	89.6395061728395
2002-06-28	86.6197530864198
2002-07-01	88.4
2002-07-02	86.2827160493827
2002-07-03	87.4246913580247
2002-07-05	87.7823671497585
2002-07-08	94.6947128287708
2002-07-09	92.1626140633387
2002-07-10	90.7539720880301
2002-07-11	92.4308115942029
2002-07-12	89.4360987654321
2002-07-15	79.6706666666667
2002-07-16	73.9336296296296
2002-07-17	72.7978271604938
2002-07-18	68.779012345679
2002-07-19	69.937037037037
2002-07-22	70.2802469135802
2002-07-23	68.5259259259259
2002-07-24	63.2024691358025
2002-07-25	62.6382716049383
2002-07-26	58.6074074074074
2002-07-29	62.3950617283951
2002-07-30	67.4234567901235
2002-07-31	72.8864197530864
2002-08-01	78.1333333333333
2002-08-02	79.6259259259259
2002-08-05	78.8172839506173
2002-08-06	75.8555555555556
2002-08-07	75.958024691358
2002-08-08	73.2691358024691
2002-08-09	75.9222222222222
2002-08-12	77.1555555555556
2002-08-13	80.9950617283951
2002-08-14	82.483950617284
2002-08-15	81.4172839506173
2002-08-16	83.4672476397967
2002-08-19	83.6042846768337
2002-08-20	84.2919389978214
2002-08-21	83.3536673928831
2002-08-22	84.5511982570806
2002-08-23	84.2901234567901
2002-08-26	85.7530864197531
2002-08-27	83.9777777777778
2002-08-28	85.4148148148148
2002-08-29	88.7283950617284
2002-08-30	90.9802469135803
2002-09-03	89.0135802469136
2002-09-04	92.3490961199295
2002-09-05	95.4132936507937
2002-09-06	91.6960097001764
2002-09-09	97.8774911816579
2002-09-10	106.575530397344
2002-09-11	109.537400145243
2002-09-12	113.397893972404
2002-09-13	121.283079157589
2002-09-16	118.13369644154
2002-09-17	115.396151053014
2002-09-18	117.450617283951
2002-09-19	112.812345679012
2002-09-20	111.87037037037
2002-09-23	112.260493827161
2002-09-24	110.272839506173
2002-09-25	106.137037037037
2002-09-26	110.525925925926
2002-09-27	112.146913580247
2002-09-30	110.308641975309
2002-10-01	108.437037037037
2002-10-02	109.418518518519
2002-10-03	106.798765432099
2002-10-04	103.285364758698
2002-10-07	99.5125252525253
2002-10-08	103.213854787188
2002-10-09	99.6545955279289
2002-10-10	99.2163239229906
2002-10-11	100.20873694207
2002-10-14	104.735897435897
2002-10-15	102.549382716049
2002-10-16	108.214814814815
2002-10-17	108.816049382716
2002-10-18	111.433333333333
2002-10-21	117.698765432099
2002-10-22	120.38663761801
2002-10-23	121.03602033406
2002-10-24	125.487872185911
2002-10-25	122.077995642702
2002-10-28	119.877995642702
2002-10-29	121.707407407407
2002-10-30	120.065432098765
2002-10-31	116.841049382716
2002-11-01	114.057098765432
2002-11-04	107.336419753086
2002-11-05	106.66975308642
2002-11-06	105.427469135803
2002-11-07	107.5
2002-11-08	117.841975308642
2002-11-11	122.385185185185
2002-11-12	128.593827160494
2002-11-13	129.924691358025
2002-11-14	136.188888888889
2002-11-15	133.706172839506
2002-11-18	138.846913580247
2002-11-19	139.974074074074
2002-11-20	152.442592592593
2002-11-21	149.780864197531
2002-11-22	152.132716049383
2002-11-25	155.917901234568
2002-11-26	156.806790123457
2002-11-27	144.632098765432
2002-11-29	144.392438271605
2002-12-02	145.291280864198
2002-12-03	144.166589506173
2002-12-04	143.614737654321
2002-12-05	147.714737654321
2002-12-06	146.961805555556
2002-12-09	147.30987654321
2002-12-10	144.054320987654
2002-12-11	148.333333333333
2002-12-12	149.256790123457
2002-12-13	154.961728395062
2002-12-16	167.061157407407
2002-12-17	176.372268518519
2002-12-18	177.39325617284
2002-12-19	178.838935185185
2002-12-20	188.827824074074
2002-12-23	174.807407407407
2002-12-24	159.978770799785
2002-12-26	149.826918947933
2002-12-27	146.941733762748
2002-12-30	137.598523886205
2002-12-31	136.529388083736
2003-01-02	138.548148148148
2003-01-03	143.491358024691
2003-01-06	150.545725599814
2003-01-07	157.827207081295
2003-01-08	174.898812019567
2003-01-09	198.940787328209
2003-01-10	205.219799673888
2003-01-13	215.717283950617
2003-01-14	222.308641975309
2003-01-15	228.12962962963
2003-01-16	221.517283950617
2003-01-17	228.550925925926
2003-01-21	229.512345679012
2003-01-22	225.378600823045
2003-01-23	213.141975308642
2003-01-24	214.191358024691
2003-01-27	205.99537037037
2003-01-28	206.925925925926
2003-01-29	204.006172839506
2003-01-30	202.59012345679
2003-01-31	197.47037037037
2003-02-03	194.102469135802
2003-02-04	194.264089506173
2003-02-05	187.865324074074
2003-02-06	187.229521604938
2003-02-07	184.827052469136
2003-02-10	189.997422839506
2003-02-11	191.216049382716
2003-02-12	194.83950617284
2003-02-13	196.939506172839
2003-02-14	191.976543209877
2003-02-18	194.503703703704
2003-02-19	194.358024691358
2003-02-20	207.696296296296
2003-02-21	213.072839506173
2003-02-24	231.217283950617
2003-02-25	232.061728395062
2003-02-26	228.575308641975
2003-02-27	213.582716049383
2003-02-28	200.351851851852
2003-03-03	198.850617283951
2003-03-04	211.687654320988
2003-03-05	224.486419753086
2003-03-06	229.138271604938
2003-03-07	238.667901234568
2003-03-10	243.646913580247
2003-03-11	241.783950617284
2003-03-12	238.551851851852
2003-03-13	260.551851851852
2003-03-14	260.456790123457
2003-03-17	247.853837170504
2003-03-18	233.014330997664
2003-03-19	224.087170503837
2003-03-20	192.67976309643
2003-03-21	189.14025692359
2003-03-24	190.422222222222
2003-03-25	197.20987654321
2003-03-26	189.634567901235
2003-03-27	196.420987654321
2003-03-28	189.661728395062
2003-03-31	186.406172839506
2003-04-01	178.82962962963
2003-04-02	193.514814814815
2003-04-03	199.158024691358
2003-04-04	198.304938271605
2003-04-07	201.737037037037
2003-04-08	205.811111111111
2003-04-09	204.137037037037
2003-04-10	209.002873912164
2003-04-11	220.100404776361
2003-04-14	219.107812183768
2003-04-15	230.223861566485
2003-04-16	240.834972677596
2003-04-17	242.534567901235
2003-04-21	243.186419753086
2003-04-22	257.886593364198
2003-04-23	256.117457561728
2003-04-24	244.672867874001
2003-04-25	239.137065404866
2003-04-28	250.882744417211
2003-04-29	254.050472040668
2003-04-30	248.37269426289
2003-05-01	251.853086419753
2003-05-02	249.612345679012
2003-05-05	248.575925925926
2003-05-06	240.45
2003-05-07	249.300617283951
2003-05-08	257.291975308642
2003-05-09	264.44012345679
2003-05-12	267.551851851852
2003-05-13	273.418518518519
2003-05-14	275.671604938272
2003-05-15	268.933333333333
2003-05-16	276.241975308642
2003-05-19	274.42962962963
2003-05-20	276.712345679012
2003-05-21	270.477777777778
2003-05-22	277.602469135803
2003-05-23	270.181481481481
2003-05-27	274.387654320988
2003-05-28	275.285185185185
2003-05-29	287.945679012346
2003-05-30	278.674074074074
2003-06-02	289.52962962963
2003-06-03	281.759259259259
2003-06-04	289.759259259259
2003-06-05	284.761728395062
2003-06-06	282.259401709402
2003-06-09	283.813722697056
2003-06-10	280.512488129155
2003-06-11	276.08779677113
2003-06-12	276.845821462488
2003-06-13	281.741975308642
2003-06-16	292.797530864198
2003-06-17	301.849382716049
2003-06-18	285.225925925926
2003-06-19	281.124691358025
2003-06-20	279.16049382716
2003-06-23	262.675308641975
2003-06-24	264.155555555556
2003-06-25	275.417283950617
2003-06-26	277.68024691358
2003-06-27	281.801234567901
2003-06-30	291.323456790124
2003-07-01	293.556790123457
2003-07-02	298.469135802469
2003-07-03	285.229361245303
2003-07-07	295.460225442834
2003-07-08	292.598497047772
2003-07-09	289.845410628019
2003-07-10	286.118250134192
2003-07-11	298.537037037037
2003-07-14	294.249382716049
2003-07-15	279.97037037037
2003-07-16	270.322222222222
2003-07-17	265.182716049383
2003-07-18	262.598765432099
2003-07-21	270.503703703704
2003-07-22	281.993827160494
2003-07-23	286.620987654321
2003-07-24	280.013580246914
2003-07-25	277.318518518519
2003-07-28	254.845679012346
2003-07-29	245.364197530864
2003-07-30	233.966666666667
2003-07-31	256.703703703704
2003-08-01	241.845679012346
2003-08-04	253.491358024691
2003-08-05	249.469135802469
2003-08-06	253.232098765432
2003-08-07	233.620987654321
2003-08-08	246.164197530864
2003-08-11	245.23950617284
2003-08-12	246.601234567901
2003-08-13	256.271604938272
2003-08-14	264.658024691358
2003-08-15	254.79012345679
2003-08-18	257.313580246914
2003-08-19	266.612345679012
2003-08-20	272.062962962963
2003-08-21	272.756790123457
2003-08-22	286.259259259259
2003-08-25	279.697530864198
2003-08-26	285.962962962963
2003-08-27	285.735802469136
2003-08-28	287.753086419753
2003-08-29	296.118518518519
2003-09-02	328.538271604938
2003-09-03	328.891358024691
2003-09-04	336.83950617284
2003-09-05	341.222222222222
2003-09-08	360.107407407407
2003-09-09	365.723456790124
2003-09-10	382.08024691358
2003-09-11	395.504938271605
2003-09-12	400.243209876543
2003-09-15	392.492592592593
2003-09-16	403.77037037037
2003-09-17	421.297530864198
2003-09-18	448.198765432099
2003-09-19	474.251851851852
2003-09-22	492.704938271605
2003-09-23	495.62962962963
2003-09-24	503.520987654321
2003-09-25	482.148148148148
2003-09-26	454.223456790123
2003-09-29	445.765432098766
2003-09-30	418.106016565088
2003-10-01	405.286263478668
2003-10-02	401.352930145335
2003-10-03	402.872683231755
2003-10-06	390.352930145335
2003-10-07	395.277777777778
2003-10-08	376.579012345679
2003-10-09	368.66049382716
2003-10-10	360.893827160494
2003-10-13	366.045679012346
2003-10-14	360.953086419753
2003-10-15	367.988641975309
2003-10-16	382.290965867829
2003-10-17	392.387262164125
2003-10-20	406.158867102397
2003-10-21	408.568743645606
2003-10-22	417.47269426289
2003-10-23	397.618518518519
2003-10-24	386.22962962963
2003-10-27	371.574074074074
2003-10-28	380.428395061728
2003-10-29	370.398765432099
2003-10-30	373.212345679012
2003-10-31	377.688888888889
2003-11-03	382.422222222222
2003-11-04	384.932098765432
2003-11-05	385.782716049383
2003-11-06	390.066666666667
2003-11-07	406.162962962963
2003-11-10	411.776543209877
2003-11-11	390.033333333333
2003-11-12	412.30987654321
2003-11-13	419.244444444444
2003-11-14	413.274074074074
2003-11-17	410.333333333333
2003-11-18	427.520987654321
2003-11-19	407.692592592593
2003-11-20	401.37037037037
2003-11-21	411.012345679012
2003-11-24	446.430864197531
2003-11-25	438.98024691358
2003-11-26	422.945679012346
2003-11-28	408.361150512214
2003-12-01	434.31670606777
2003-12-02	423.138928289992
2003-12-03	434.317940635671
2003-12-04	467.598187549251
2003-12-05	485.071604938272
2003-12-08	460.49012345679
2003-12-09	449.212345679012
2003-12-10	450.027160493827
2003-12-11	457.755555555556
2003-12-12	470.988888888889
2003-12-15	470.850617283951
2003-12-16	476.854320987654
2003-12-17	488.065432098765
2003-12-18	472.707407407407
2003-12-19	454.896296296296
2003-12-22	450.079012345679
2003-12-23	420.033333333333
2003-12-24	370.449785292539
2003-12-26	320.671953837896
2003-12-29	328.53615136876
2003-12-30	313.041089640365
2003-12-31	309.729978529254
2004-01-02	309.412292002147
2004-01-05	375.807407407407
2004-01-06	388.653086419753
2004-01-07	427.822222222222
2004-01-08	464.527160493827
2004-01-09	502.448148148148
2004-01-12	490.577160493827
2004-01-13	490.664609053498
2004-01-14	550.43621399177
2004-01-15	524.656378600823
2004-01-16	514.347736625514
2004-01-20	497.061728395062
2004-01-21	494.098765432099
2004-01-22	429.50987654321
2004-01-23	433.077777777778
2004-01-26	446.103703703704
2004-01-27	456.318518518519
2004-01-28	435.111111111111
2004-01-29	425.182716049383
2004-01-30	404.587654320988
2004-02-02	379.161728395062
2004-02-03	345.322222222222
2004-02-04	340.72962962963
2004-02-05	347.183950617284
2004-02-06	350.967901234568
2004-02-09	371.39012345679
2004-02-10	409.004938271605
2004-02-11	452.803703703704
2004-02-12	462.369135802469
2004-02-13	458.777777777778
2004-02-17	462.018518518519
2004-02-18	455.755555555556
2004-02-19	436.471604938272
2004-02-20	434.864197530864
2004-02-23	432.16049382716
2004-02-24	419.577777777778
2004-02-25	396.906172839506
2004-02-26	375.920987654321
2004-02-27	365.713580246914
2004-03-01	384.618518518519
2004-03-02	384.998765432099
2004-03-03	387.927160493827
2004-03-04	414.42962962963
2004-03-05	418.958024691358
2004-03-08	419.497530864198
2004-03-09	421.153703703704
2004-03-10	429.243827160494
2004-03-11	405.732716049383
2004-03-12	397.92037037037
2004-03-15	393.256172839506
2004-03-16	385.655555555556
2004-03-17	404.151851851852
2004-03-18	388.08024691358
2004-03-19	379.301234567901
2004-03-22	369.153086419753
2004-03-23	361.392592592593
2004-03-24	312.776481481481
2004-03-25	327.711499833167
2004-03-26	357.175697364031
2004-03-29	373.623845512179
2004-03-30	395.870759092426
2004-03-31	430.490573907241
2004-04-01	445.00987654321
2004-04-02	432.403703703704
2004-04-05	435.614814814815
2004-04-06	445.258024691358
2004-04-07	443.18024691358
2004-04-08	423.140740740741
2004-04-12	456.230864197531
2004-04-13	453.765432098766
2004-04-14	451.404938271605
2004-04-15	430.651851851852
2004-04-16	439.902469135803
2004-04-19	415.498765432099
2004-04-20	423.320987654321
2004-04-21	408.432098765432
2004-04-22	441.703703703704
2004-04-23	435.251851851852
2004-04-26	426.722222222222
2004-04-27	405.985185185185
2004-04-28	413.967901234568
2004-04-29	382.032345679012
2004-04-30	361.465679012346
2004-05-03	363.982962962963
2004-05-04	356.653333333333
2004-05-05	328.601481481482
2004-05-06	335.116049382716
2004-05-07	343.046913580247
2004-05-10	342.824691358025
2004-05-11	352.759259259259
2004-05-12	366.348148148148
2004-05-13	355.555555555556
2004-05-14	340.604938271605
2004-05-17	311.188888888889
2004-05-18	295.523456790124
2004-05-19	341.496296296296
2004-05-20	363.60987654321
2004-05-21	406.674074074074
2004-05-24	433.693827160494
2004-05-25	479.255555555556
2004-05-26	440.492592592593
2004-05-27	451.035802469136
2004-05-28	416.120987654321
2004-06-01	412.330864197531
2004-06-02	391.359259259259
2004-06-03	405.896296296296
2004-06-04	394.772839506173
2004-06-07	479.462962962963
2004-06-08	542.1
2004-06-09	564.454320987654
2004-06-10	589.681481481482
2004-06-14	637.541975308642
2004-06-15	640.033333333333
2004-06-16	634.156790123457
2004-06-17	669.844444444444
2004-06-18	689.361728395062
2004-06-21	678.976543209877
2004-06-22	660.943209876543
2004-06-23	662.045679012346
2004-06-24	652.507407407407
2004-06-25	622.908641975309
2004-06-28	606.158024691358
2004-06-29	620.692592592593
2004-06-30	610.727160493827
2004-07-01	597.046913580247
2004-07-02	547.340740740741
2004-07-06	604.541975308642
2004-07-07	619.269135802469
2004-07-08	587.072839506173
2004-07-09	539.174074074074
2004-07-12	595.520987654321
2004-07-13	568.867901234568
2004-07-14	570.364197530864
2004-07-15	605.323456790123
2004-07-16	613.528395061728
2004-07-19	625.349382716049
2004-07-20	607.138271604938
2004-07-21	557.406172839506
2004-07-22	546.940740740741
2004-07-23	569.616049382716
2004-07-26	512.824691358025
2004-07-27	499.318518518518
2004-07-28	497.708641975309
2004-07-29	478.535802469136
2004-07-30	435.750617283951
2004-08-02	428.749382716049
2004-08-03	440.591358024691
2004-08-04	439.730864197531
2004-08-05	440.132098765432
2004-08-06	453.607407407407
2004-08-09	482.206172839506
2004-08-10	477.217283950617
2004-08-11	460.914814814815
2004-08-12	471.346913580247
2004-08-13	478.398765432099
2004-08-16	512.135802469136
2004-08-17	542.985185185185
2004-08-18	573.81975308642
2004-08-19	587.381481481482
2004-08-20	642.116049382716
2004-08-23	618.101234567901
2004-08-24	646.213580246914
2004-08-25	694.9
2004-08-26	685.776543209877
2004-08-27	679.09012345679
2004-08-30	778.103703703704
2004-08-31	809.90987654321
2004-09-01	757.388888888889
2004-09-02	796.287654320988
2004-09-03	737.808641975309
2004-09-07	720.150617283951
2004-09-08	675.61975308642
2004-09-09	699.282716049383
2004-09-10	645.782716049383
2004-09-13	766.535802469136
2004-09-14	820.083950617284
2004-09-15	814.935802469136
2004-09-16	898.607407407408
2004-09-17	939.601234567901
2004-09-20	878.813580246914
2004-09-21	802.123456790124
2004-09-22	859.849382716049
2004-09-23	789.088888888889
2004-09-24	756.504938271605
2004-09-27	795.298765432099
2004-09-28	839.662962962963
2004-09-29	821.814814814815
2004-09-30	830.259259259259
2004-10-01	931.72962962963
2004-10-04	949.125925925926
2004-10-05	934.76049382716
2004-10-06	908
2004-10-07	945.746913580247
2004-10-08	882.653086419753
2004-10-11	779.059259259259
2004-10-12	732.393518518519
2004-10-13	736.183641975309
2004-10-14	705.493827160494
2004-10-15	685.975308641975
2004-10-18	821.628086419753
2004-10-19	852.716049382716
2004-10-20	844.4
2004-10-21	799.671718648473
2004-10-22	773.019866796621
2004-10-25	701.726039636127
2004-10-26	724.700113710202
2004-10-27	810.616163092918
2004-10-28	789.330864197531
2004-10-29	769.78024691358
2004-11-01	823.669135802469
2004-11-02	787.286419753086
2004-11-03	665.58987320654
2004-11-04	710.18987320654
2004-11-05	749.714564564565
2004-11-08	693.442959626293
2004-11-09	750.929379379379
2004-11-10	791.607407407408
2004-11-11	756.759259259259
2004-11-12	860.008641975309
2004-11-15	993.41975308642
2004-11-16	959.896296296296
2004-11-17	991.83950617284
2004-11-18	979.707407407408
2004-11-19	877.72962962963
2004-11-22	817.086419753086
2004-11-23	780.338271604938
2004-11-24	661.13950617284
2004-11-26	638.966614131862
2004-11-29	695.829577094825
2004-11-30	592.625873391122
2004-12-01	559.388836354085
2004-12-02	656.520935119517
2004-12-03	664.354320987654
2004-12-06	585.893827160494
2004-12-07	635.36049382716
2004-12-08	651.424691358025
2004-12-09	620.501234567901
2004-12-10	652.874074074074
2004-12-13	645.044444444445
2004-12-14	595.31975308642
2004-12-15	558.913580246914
2004-12-16	518.986419753086
2004-12-17	490.676543209877
2004-12-20	485.9
2004-12-21	493.740740740741
2004-12-22	454.445679012346
2004-12-23	421.891358024691
2004-12-27	397.530864197531
2004-12-28	395.402469135803
2004-12-29	373.181481481481
2004-12-30	376.89012345679
2004-12-31	402.18024691358
2005-01-03	431.344444444444
2005-01-04	559.158024691358
2005-01-05	587.803703703704
2005-01-06	597.177777777778
2005-01-07	576.754320987654
2005-01-10	569.595061728395
2005-01-11	467.292592592593
2005-01-12	464.093827160494
2005-01-13	483.220987654321
2005-01-14	489.386419753086
2005-01-18	543.548148148148
2005-01-19	562.654320987654
2005-01-20	572.241975308642
2005-01-21	607.669135802469
2005-01-24	657.049382716049
2005-01-25	649.746913580247
2005-01-26	669.233333333333
2005-01-27	709.840740740741
2005-01-28	688.303703703704
2005-01-31	709.898765432099
2005-02-01	764.571604938272
2005-02-02	726.250617283951
2005-02-03	700.625925925926
2005-02-04	693.011111111111
2005-02-07	692.734567901235
2005-02-08	624.717283950617
2005-02-09	629.433333333333
2005-02-10	642.966666666667
2005-02-11	691.448148148148
2005-02-14	665.604938271605
2005-02-15	683.454320987654
2005-02-16	701.414814814815
2005-02-17	710.049382716049
2005-02-18	666.132098765432
2005-02-22	687.362962962963
2005-02-23	669.113580246914
2005-02-24	636.054320987654
2005-02-25	616.450617283951
2005-02-28	626.223456790124
2005-03-01	632.718518518519
2005-03-02	649.160493827161
2005-03-03	666.549382716049
2005-03-04	647.788888888889
2005-03-07	656.148148148148
2005-03-08	619.225925925926
2005-03-09	597.450617283951
2005-03-10	586.743209876543
2005-03-11	567.29012345679
2005-03-14	560.033333333333
2005-03-15	588.274074074074
2005-03-16	577.733333333333
2005-03-17	603.296296296296
2005-03-18	591.491358024691
2005-03-21	558.2
2005-03-22	514.540740740741
2005-03-23	503.448148148148
2005-03-24	468.049382716049
2005-03-28	486.817283950617
2005-03-29	504.422222222222
2005-03-30	525.016049382716
2005-03-31	551.937037037037
2005-04-01	542.549382716049
2005-04-04	576.496296296296
2005-04-05	567.274074074074
2005-04-06	568.933333333333
2005-04-07	586.776543209877
2005-04-08	614.882716049383
2005-04-11	604.907407407407
2005-04-12	668.587654320988
2005-04-13	672.633333333334
2005-04-14	646.403703703704
2005-04-15	637.725925925926
2005-04-18	613.327160493827
2005-04-19	575.217283950617
2005-04-20	541.383950617284
2005-04-21	539.91975308642
2005-04-22	513.458024691358
2005-04-25	515.355555555556
2005-04-26	481.810690832677
2005-04-27	462.287234042553
2005-04-28	422.378592067245
2005-04-29	423.123036511689
2005-05-02	449.772419227738
2005-05-03	452.217283950617
2005-05-04	486.564197530864
2005-05-05	496.467901234568
2005-05-06	506.430864197531
2005-05-09	488.876543209877
2005-05-10	484.708641975309
2005-05-11	473.350617283951
2005-05-12	487.183950617284
2005-05-13	501.614814814815
2005-05-16	519.323456790123
2005-05-17	536.292592592593
2005-05-18	559.853086419753
2005-05-19	577.804938271605
2005-05-20	553.374074074074
2005-05-23	563.61975308642
2005-05-24	536.154320987654
2005-05-25	519.453086419753
2005-05-26	551.337037037037
2005-05-27	553.204938271605
2005-05-31	533.698765432099
2005-06-01	558.250617283951
2005-06-02	550.983950617284
2005-06-03	540.114814814815
2005-06-06	598.304938271605
2005-06-07	617.237037037037
2005-06-08	625.986419753086
2005-06-09	619.969135802469
2005-06-10	597.598765432099
2005-06-13	565.945679012346
2005-06-14	524.259259259259
2005-06-15	504.045679012346
2005-06-16	515.111111111111
2005-06-17	493.375308641975
2005-06-20	473.11975308642
2005-06-21	462.813580246914
2005-06-22	443.627160493827
2005-06-23	427.488888888889
2005-06-24	425.10987654321
2005-06-27	473.175308641975
2005-06-28	579.144444444444
2005-06-29	623.888888888889
2005-06-30	650.227160493827
2005-07-01	650.330864197531
2005-07-05	650.537037037037
2005-07-06	591.938271604938
2005-07-07	558.467901234568
2005-07-08	562.267901234568
2005-07-11	601.320987654321
2005-07-12	619.404938271605
2005-07-13	592.607407407407
2005-07-14	599.982716049383
2005-07-15	590.955555555556
2005-07-18	560.650617283951
2005-07-19	499.995061728395
2005-07-20	525.117283950617
2005-07-21	503.893827160494
2005-07-22	482.360493827161
2005-07-25	464.553086419753
2005-07-26	455.722222222222
2005-07-27	457.211111111111
2005-07-28	500.730864197531
2005-07-29	529.506172839506
2005-08-01	563.965432098765
2005-08-02	599.6
2005-08-03	597.887654320988
2005-08-04	594.844444444445
2005-08-05	581.135802469136
2005-08-08	590.062962962963
2005-08-09	619.341975308642
2005-08-10	602.808641975309
2005-08-11	576.356790123457
2005-08-12	556.282716049383
2005-08-15	546.413580246914
2005-08-16	520.437037037037
2005-08-17	519.433333333333
2005-08-18	512.098765432099
2005-08-19	533.770370370371
2005-08-22	523.240740740741
2005-08-23	479.314814814815
2005-08-24	477.191358024691
2005-08-25	498.2
2005-08-26	488.013580246914
2005-08-29	505.618518518519
2005-08-30	532.52962962963
2005-08-31	513.135802469136
2005-09-01	489.63950617284
2005-09-02	466.359259259259
2005-09-06	466.401234567901
2005-09-07	468.592592592593
2005-09-08	481.89012345679
2005-09-09	539.42962962963
2005-09-12	566.676543209877
2005-09-13	581.459259259259
2005-09-14	585.704938271605
2005-09-15	589.064197530864
2005-09-16	575.603703703704
2005-09-19	591.662962962963
2005-09-20	572.255555555556
2005-09-21	579.864197530864
2005-09-22	567.111111111111
2005-09-23	526.212345679012
2005-09-26	502.949382716049
2005-09-27	468.428395061728
2005-09-28	449.946913580247
2005-09-29	476.571604938272
2005-09-30	481.385185185185
2005-10-03	474.459259259259
2005-10-04	492.564197530864
2005-10-05	486.597530864198
2005-10-06	448.862962962963
2005-10-07	419.432098765432
2005-10-10	400.533333333333
2005-10-11	381.806172839506
2005-10-12	356.496296296296
2005-10-13	340.254320987654
2005-10-14	349.375308641975
2005-10-17	364.049382716049
2005-10-18	366.613580246914
2005-10-19	392.814814814815
2005-10-20	414.686419753086
2005-10-21	402.959259259259
2005-10-24	395.435802469136
2005-10-25	395.516049382716
2005-10-26	362.546913580247
2005-10-27	342.08024691358
2005-10-28	367.969135802469
2005-10-31	390.446913580247
2005-11-01	382.432098765432
2005-11-02	432.144444444444
2005-11-03	466.618518518519
2005-11-04	468.138271604938
2005-11-07	469.591358024691
2005-11-08	489.224691358025
2005-11-09	482.514814814815
2005-11-10	481.096296296296
2005-11-11	503.562962962963
2005-11-14	502.16049382716
2005-11-15	517.82962962963
2005-11-16	502.482716049383
2005-11-17	509.174074074074
2005-11-18	525.228395061728
2005-11-21	540.713580246914
2005-11-22	546.406172839506
2005-11-23	574.558024691358
2005-11-25	552.180378250591
2005-11-28	573.656921460468
2005-11-29	575.840872077751
2005-11-30	562.0890202259
2005-12-01	587.393958497505
2005-12-02	606.906172839506
2005-12-05	584.377777777778
2005-12-06	625.354320987654
2005-12-07	632.698765432099
2005-12-08	592.211111111111
2005-12-09	592.417283950617
2005-12-12	587.504938271605
2005-12-13	535.944444444445
2005-12-14	528.851851851852
2005-12-15	519.881481481482
2005-12-16	519.833333333333
2005-12-19	502.906172839506
2005-12-20	512.697530864198
2005-12-21	524.820987654321
2005-12-22	528.128395061728
2005-12-23	507.085185185185
2005-12-27	498.496296296296
2005-12-28	467.588888888889
2005-12-29	428.675308641975
2005-12-30	412.664197530864
2006-01-03	432.124691358025
2006-01-04	432.782716049383
2006-01-05	438.771604938272
2006-01-06	458.502469135803
2006-01-09	492.882716049383
2006-01-10	516.012345679012
2006-01-11	551.62962962963
2006-01-12	579.786419753086
2006-01-13	589.886419753086
2006-01-17	583.539506172839
2006-01-18	567.941975308642
2006-01-19	562.741975308642
2006-01-20	544.628395061728
2006-01-23	535.886419753086
2006-01-24	538.927160493827
2006-01-25	513.756790123457
2006-01-26	490.127160493827
2006-01-27	478.318518518519
2006-01-30	460.165432098766
2006-01-31	456.324691358025
2006-02-01	454.869135802469
2006-02-02	450.425925925926
2006-02-03	437.725925925926
2006-02-06	425.007407407407
2006-02-07	403.388888888889
2006-02-08	427.907407407407
2006-02-09	447.017283950617
2006-02-10	469.514814814815
2006-02-13	483.354320987654
2006-02-14	506.758024691358
2006-02-15	482.127160493827
2006-02-16	459.602469135803
2006-02-17	453.630864197531
2006-02-21	447.965432098766
2006-02-22	425.372839506173
2006-02-23	416.353086419753
2006-02-24	398.214814814815
2006-02-27	419.807407407407
2006-02-28	448.30987654321
2006-03-01	498.738271604938
2006-03-02	538.759259259259
2006-03-03	557.806172839506
2006-03-06	534.116049382716
2006-03-07	533.949382716049
2006-03-08	498.251851851852
2006-03-09	493.340740740741
2006-03-10	501.80987654321
2006-03-13	534.698765432099
2006-03-14	586.908641975309
2006-03-15	619.634567901235
2006-03-16	635.833333333333
2006-03-17	626.99012345679
2006-03-20	593.665432098766
2006-03-21	542.808641975309
2006-03-22	493.812345679012
2006-03-23	451.49012345679
2006-03-24	430.901234567901
2006-03-27	426.608641975309
2006-03-28	433.559259259259
2006-03-29	475.965432098766
2006-03-30	490.325925925926
2006-03-31	502.27037037037
2006-04-03	544.558024691358
2006-04-04	558.291358024691
2006-04-05	527.408641975309
2006-04-06	534.02962962963
2006-04-07	550.274074074074
2006-04-10	526.39012345679
2006-04-11	498.961728395062
2006-04-12	484.682716049383
2006-04-13	467.640740740741
2006-04-17	470.082716049383
2006-04-18	508.906172839506
2006-04-19	490.206172839506
2006-04-20	488.622222222222
2006-04-21	478.383950617284
2006-04-24	462.345679012346
2006-04-25	410.655555555556
2006-04-26	415.782716049383
2006-04-27	408.616049382716
2006-04-28	412.522222222222
2006-05-01	400.097530864198
2006-05-02	397.934567901235
2006-05-03	401.59012345679
2006-05-04	426.316049382716
2006-05-05	447.701234567901
2006-05-08	516.392592592593
2006-05-09	551.834567901235
2006-05-10	544.281481481482
2006-05-11	555.797530864198
2006-05-12	538.879012345679
2006-05-15	480.843209876543
2006-05-16	487.077777777778
2006-05-17	479.953086419753
2006-05-18	452.576543209877
2006-05-19	429.288888888889
2006-05-22	411.487654320988
2006-05-23	381.112345679012
2006-05-24	359.644444444444
2006-05-25	358.10987654321
2006-05-26	373.085185185185
2006-05-30	400.164197530864
2006-05-31	400.985185185185
2006-06-01	462.93950617284
2006-06-02	448.769135802469
2006-06-05	462.211111111111
2006-06-06	427.40987654321
2006-06-07	405.274074074074
2006-06-08	344.80987654321
2006-06-09	350.928395061728
2006-06-12	337.42962962963
2006-06-13	362.437037037037
2006-06-14	339.564197530864
2006-06-15	376.867901234568
2006-06-16	382.379012345679
2006-06-19	386.483950617284
2006-06-20	381.481481481482
2006-06-21	425.349382716049
2006-06-22	422.253086419753
2006-06-23	401.962962962963
2006-06-26	440.866666666667
2006-06-27	485.701234567901
2006-06-28	482.204938271605
2006-06-29	489.112345679012
2006-06-30	501.303703703704
2006-07-03	490.176149198844
2006-07-05	484.508247964276
2006-07-06	483.671210927239
2006-07-07	468.274914630943
2006-07-10	517.500840556869
2006-07-11	557.749382716049
2006-07-12	562.344444444444
2006-07-13	566.48024691358
2006-07-14	588.937037037037
2006-07-17	584.522222222222
2006-07-18	548.28024691358
2006-07-19	526.688888888889
2006-07-20	524.481481481482
2006-07-21	492.558024691358
2006-07-24	522.064197530864
2006-07-25	524.6
2006-07-26	508.577777777778
2006-07-27	490.646913580247
2006-07-28	493.134567901235
2006-07-31	453.124691358025
2006-08-01	459.708641975309
2006-08-02	514.546913580247
2006-08-03	552.554320987654
2006-08-04	564.091358024691
2006-08-07	569.545679012346
2006-08-08	550.144444444444
2006-08-09	531.071604938272
2006-08-10	506.862962962963
2006-08-11	497.166666666667
2006-08-14	519.683950617284
2006-08-15	559.653086419753
2006-08-16	583.553086419753
2006-08-17	656.486419753086
2006-08-18	721.956790123457
2006-08-21	717.556790123457
2006-08-22	692.808641975309
2006-08-23	709.169969536636
2006-08-24	680.886018919352
2006-08-25	643.607006573673
2006-08-28	666.279846079846
2006-08-29	692.755154721822
2006-08-30	648.211111111111
2006-08-31	628.134567901235
2006-09-01	634
2006-09-05	618.302469135803
2006-09-06	638.840740740741
2006-09-07	665.302469135803
2006-09-08	679.98024691358
2006-09-11	703.448148148148
2006-09-12	790.192592592593
2006-09-13	799.674074074074
2006-09-14	785.002469135802
2006-09-15	794.985185185185
2006-09-18	793.449382716049
2006-09-19	705.8
2006-09-20	654.949382716049
2006-09-21	682.118518518519
2006-09-22	684.244444444444
2006-09-25	699.766666666667
2006-09-26	706.933333333333
2006-09-27	689.959259259259
2006-09-28	650.159259259259
2006-09-29	640.432098765432
2006-10-02	620.298765432099
2006-10-03	645.488888888889
2006-10-04	678.183950617284
2006-10-05	680.776543209877
2006-10-06	658.20987654321
2006-10-09	636.724691358025
2006-10-10	626.245679012346
2006-10-11	631.451851851852
2006-10-12	708.886419753086
2006-10-13	783.741975308642
2006-10-16	899.214814814815
2006-10-17	940.306172839506
2006-10-18	943.079012345679
2006-10-19	893.93950617284
2006-10-20	853.08024691358
2006-10-23	795.813580246914
2006-10-24	760.379012345679
2006-10-25	726.298765432099
2006-10-26	739.623456790123
2006-10-27	731.671604938272
2006-10-30	713.067901234568
2006-10-31	703.724691358025
2006-11-01	737.564197530864
2006-11-02	709.616049382716
2006-11-03	700.22962962963
2006-11-06	709.649382716049
2006-11-07	710.518518518519
2006-11-08	689.592592592593
2006-11-09	706.865432098766
2006-11-10	698.906172839506
2006-11-13	668.202469135803
2006-11-14	656.195061728395
2006-11-15	688.295061728395
2006-11-16	666.054320987654
2006-11-17	698.643209876543
2006-11-20	688.734567901235
2006-11-21	689.862962962963
2006-11-22	649.877777777778
2006-11-24	624.481991411702
2006-11-27	628.094337090714
2006-11-28	619.895571658615
2006-11-29	605.723966720344
2006-11-30	600.565942028986
2006-12-01	601.388888888889
2006-12-04	582.4
2006-12-05	580.612345679012
2006-12-06	554.181481481481
2006-12-07	538.074074074074
2006-12-08	526.246913580247
2006-12-11	514.316049382716
2006-12-12	534.634567901235
2006-12-13	566.002469135803
2006-12-14	616.365432098766
2006-12-15	657.8
2006-12-18	645.971604938272
2006-12-19	647.208641975309
2006-12-20	607.785185185185
2006-12-21	552.545679012346
2006-12-22	498.735802469136
2006-12-26	481.597530864198
2006-12-27	490.976543209877
2006-12-28	485.086419753086
2006-12-29	490.393827160494
2007-01-03	521.988888888889
2007-01-04	514.661728395062
2007-01-05	464.822222222222
2007-01-08	476.240740740741
2007-01-09	476.869135802469
2007-01-10	467.227160493827
2007-01-11	538.603703703704
2007-01-12	584.703703703704
2007-01-16	587.608641975309
2007-01-17	593.677777777778
2007-01-18	596.707407407407
2007-01-19	566.611111111111
2007-01-22	560.688888888889
2007-01-23	582.634567901235
2007-01-24	621.291358024691
2007-01-25	670.662962962963
2007-01-26	636.485185185185
2007-01-29	611.801234567901
2007-01-30	589.461728395062
2007-01-31	558.949382716049
2007-02-01	543.333333333333
2007-02-02	576.416049382716
2007-02-05	575.372839506173
2007-02-06	616.243209876543
2007-02-07	678.946913580247
2007-02-08	670.948148148148
2007-02-09	685.788888888889
2007-02-12	739.81975308642
2007-02-13	767.567901234568
2007-02-14	794.562962962963
2007-02-15	814.216049382716
2007-02-16	828.766666666667
2007-02-20	825.377777777778
2007-02-21	790.693827160494
2007-02-22	725.491358024691
2007-02-23	711.556790123457
2007-02-26	733.053086419753
2007-02-27	690.703703703704
2007-02-28	621.097530864198
2007-03-01	549.286419753087
2007-03-02	483.549382716049
2007-03-05	385.353086419753
2007-03-06	390.025925925926
2007-03-07	420.907407407407
2007-03-08	453.697530864198
2007-03-09	455.948148148148
2007-03-12	477.971604938272
2007-03-13	459.1
2007-03-14	428.895061728395
2007-03-15	421.876543209877
2007-03-16	419.906172839506
2007-03-19	428.856790123457
2007-03-20	457.892592592593
2007-03-21	516.911111111111
2007-03-22	509.167901234568
2007-03-23	512.077777777778
2007-03-26	485.044444444444
2007-03-27	458.97037037037
2007-03-28	402.971604938272
2007-03-29	412.291358024691
2007-03-30	417.130864197531
2007-04-02	410.096296296296
2007-04-03	444.930864197531
2007-04-04	477.087654320988
2007-04-05	512.841975308642
2007-04-09	549.293827160494
2007-04-10	609.385185185185
2007-04-11	599.969135802469
2007-04-12	637.914814814815
2007-04-13	641.240740740741
2007-04-16	757.328395061728
2007-04-17	769.318518518519
2007-04-18	796.42962962963
2007-04-19	771.003703703704
2007-04-20	789.418518518519
2007-04-23	696.918518518519
2007-04-24	647.26049382716
2007-04-25	634.307407407407
2007-04-26	635.460493827161
2007-04-27	575.467901234568
2007-04-30	574.834567901235
2007-05-01	586.974074074074
2007-05-02	588.145679012346
2007-05-03	584.62962962963
2007-05-04	592.704938271605
2007-05-07	573.645679012346
2007-05-08	575.277777777778
2007-05-09	571.3
2007-05-10	584.803703703704
2007-05-11	626.256790123457
2007-05-14	632.08024691358
2007-05-15	608.745679012346
2007-05-16	589.387654320988
2007-05-17	583.682716049383
2007-05-18	572.096296296296
2007-05-21	608.548148148148
2007-05-22	637.977777777778
2007-05-23	644.018518518519
2007-05-24	623.158024691358
2007-05-25	614.48024691358
2007-05-29	564.5
2007-05-30	566.786419753086
2007-05-31	563.098765432099
2007-06-01	576.843209876543
2007-06-04	588.62962962963
2007-06-05	589.307407407408
2007-06-06	582.853086419753
2007-06-07	547.235802469136
2007-06-08	512.118518518519
2007-06-11	494.492592592593
2007-06-12	498.082716049383
2007-06-13	490.376543209877
2007-06-14	543.688888888889
2007-06-15	576.450617283951
2007-06-18	579.395061728395
2007-06-19	578.406172839506
2007-06-20	574.430864197531
2007-06-21	506.25318388564
2007-06-22	457.706270305393
2007-06-25	429.409974009097
2007-06-26	396.274171539961
2007-06-27	381.409974009097
2007-06-28	387.177777777778
2007-06-29	383.323456790124
2007-07-02	362.7
2007-07-03	392.662174940898
2007-07-05	381.186866298923
2007-07-06	398.748594693985
2007-07-09	425.330076175466
2007-07-10	441.993039138429
2007-07-11	409.534567901235
2007-07-12	472.149382716049
2007-07-13	484.153086419753
2007-07-16	510.271604938272
2007-07-17	521.935802469136
2007-07-18	521.308641975309
2007-07-19	457.21975308642
2007-07-20	446.114814814815
2007-07-23	415.317283950617
2007-07-24	387.506172839506
2007-07-25	379.230864197531
2007-07-26	347.391358024691
2007-07-27	300.706172839506
2007-07-30	265.635802469136
2007-07-31	260.318518518519
2007-08-01	234.39012345679
2007-08-02	240.87037037037
2007-08-03	249.502469135802
2007-08-06	257.813580246914
2007-08-07	251.104938271605
2007-08-08	274.918518518519
2007-08-09	262.02962962963
2007-08-10	250.583950617284
2007-08-13	242.034567901235
2007-08-14	235.211111111111
2007-08-15	210.171604938272
2007-08-16	212.783950617284
2007-08-17	212.014814814815
2007-08-20	197.551851851852
2007-08-21	186.711111111111
2007-08-22	195.225925925926
2007-08-23	202.281481481481
2007-08-24	216.065432098765
2007-08-27	231.058024691358
2007-08-28	261.976543209877
2007-08-29	289.143209876543
2007-08-30	295.932098765432
2007-08-31	292.172839506173
2007-09-04	321.997530864198
2007-09-05	319.408641975309
2007-09-06	304.29012345679
2007-09-07	307.340740740741
2007-09-10	326.162962962963
2007-09-11	321.204938271605
2007-09-12	328.125925925926
2007-09-13	331.70987654321
2007-09-14	340.804938271605
2007-09-17	350.903703703704
2007-09-18	357.982716049383
2007-09-19	391.696296296296
2007-09-20	416.014814814815
2007-09-21	464.72962962963
2007-09-24	477.3
2007-09-25	489.424691358025
2007-09-26	488.535802469136
2007-09-27	480.359259259259
2007-09-28	454.258024691358
2007-10-01	475.645679012346
2007-10-02	491.345679012346
2007-10-03	488.943209876543
2007-10-04	517.793827160494
2007-10-05	544.208641975309
2007-10-08	540.732098765432
2007-10-09	548.138271604938
2007-10-10	565.664197530864
2007-10-11	550.298765432099
2007-10-12	520.181481481481
2007-10-15	515.33950617284
2007-10-16	477.83950617284
2007-10-17	438.858024691358
2007-10-18	414.976543209877
2007-10-19	404.93950617284
2007-10-22	364.593827160494
2007-10-23	374.11975308642
2007-10-24	354.596296296296
2007-10-25	335.57037037037
2007-10-26	330.874074074074
2007-10-29	343.137037037037
2007-10-30	329.306172839506
2007-10-31	345.503703703704
2007-11-01	350.93950617284
2007-11-02	328.275308641975
2007-11-05	313.614814814815
2007-11-06	303.264197530864
2007-11-07	274.650617283951
2007-11-08	255.788888888889
2007-11-09	248.271604938272
2007-11-12	224.962962962963
2007-11-13	243.408641975309
2007-11-14	245.706172839506
2007-11-15	252.733333333333
2007-11-16	263.255555555556
2007-11-19	278.959259259259
2007-11-20	255.232098765432
2007-11-21	245.359259259259
2007-11-23	248.72077294686
2007-11-26	256.807192699946
2007-11-27	250.561513687601
2007-11-28	260.159044551798
2007-11-29	267.336822329576
2007-11-30	272.054320987654
2007-12-03	278.075308641975
2007-12-04	293.202469135803
2007-12-05	308.295061728395
2007-12-06	340.351851851852
2007-12-07	348.446913580247
2007-12-10	358.838271604938
2007-12-11	354.42962962963
2007-12-12	323.488888888889
2007-12-13	268.98024691358
2007-12-14	266.824691358025
2007-12-17	251.856790123457
2007-12-18	253.545679012346
2007-12-19	262.303703703704
2007-12-20	295.448148148148
2007-12-21	303.843209876543
2007-12-24	294.850643551353
2007-12-26	287.413606514316
2007-12-27	288.171631205674
2007-12-28	298.037063304439
2007-12-31	275.146939847649
2008-01-02	288.702469135803
2008-01-03	289.202469135803
2008-01-04	285.554320987654
2008-01-07	272.653086419753
2008-01-08	282.646913580247
2008-01-09	260.097530864198
2008-01-10	245.607407407407
2008-01-11	219.493827160494
2008-01-14	206.962962962963
2008-01-15	210.141975308642
2008-01-16	220.377777777778
2008-01-17	229.318518518519
2008-01-18	237.911111111111
2008-01-22	218.304938271605
2008-01-23	192.886419753086
2008-01-24	173.843209876543
2008-01-25	161.575308641975
2008-01-28	156.833333333333
2008-01-29	166.265432098765
2008-01-30	180.008641975309
2008-01-31	187.303703703704
2008-02-01	187.307407407407
2008-02-04	189.946913580247
2008-02-05	196.035802469136
2008-02-06	198.108641975309
2008-02-07	201.408641975309
2008-02-08	200.391358024691
2008-02-11	205.888888888889
2008-02-12	222.051851851852
2008-02-13	223.275308641975
2008-02-14	229.565432098765
2008-02-15	242.922222222222
2008-02-19	245.711111111111
2008-02-20	232.669135802469
2008-02-21	230.646913580247
2008-02-22	224.065432098765
2008-02-25	223.302469135802
2008-02-26	230.818518518519
2008-02-27	229.218518518519
2008-02-28	228.023456790124
2008-02-29	234.379012345679
2008-03-03	238.61975308642
2008-03-04	229.851851851852
2008-03-05	228.592592592593
2008-03-06	233.438271604938
2008-03-07	225.325925925926
2008-03-10	217.932098765432
2008-03-11	233.149382716049
2008-03-12	249.702469135802
2008-03-13	239.28024691358
2008-03-14	221.586419753086
2008-03-17	205.118518518519
2008-03-18	188.946913580247
2008-03-19	171.875308641975
2008-03-20	170.455555555556
2008-03-24	197.213580246914
2008-03-25	211.895061728395
2008-03-26	211.016049382716
2008-03-27	211.317283950617
2008-03-28	216.645679012346
2008-03-31	222.414814814815
2008-04-01	244.145679012346
2008-04-02	249.323456790123
2008-04-03	254.943209876543
2008-04-04	261.955555555556
2008-04-07	264.567901234568
2008-04-08	253.491358024691
2008-04-09	268.628395061728
2008-04-10	284.040740740741
2008-04-11	301.838271604938
2008-04-14	306.279012345679
2008-04-15	330.420987654321
2008-04-16	354.43950617284
2008-04-17	366.420987654321
2008-04-18	375.495061728395
2008-04-21	398.846913580247
2008-04-22	399.885185185185
2008-04-23	384.02962962963
2008-04-24	377.914814814815
2008-04-25	348.797530864198
2008-04-28	335.322222222222
2008-04-29	346.135802469136
2008-04-30	335.502469135803
2008-05-01	336.697530864198
2008-05-02	345.396296296296
2008-05-05	339.92962962963
2008-05-06	338.759259259259
2008-05-07	344.340740740741
2008-05-08	336.30987654321
2008-05-09	354.825925925926
2008-05-12	390.001234567901
2008-05-13	370.792592592593
2008-05-14	395.853086419753
2008-05-15	417.540740740741
2008-05-16	432.648148148148
2008-05-19	423.403703703704
2008-05-20	438.161728395062
2008-05-21	425.646913580247
2008-05-22	425.930864197531
2008-05-23	413.11975308642
2008-05-27	402.959259259259
2008-05-28	393.941975308642
2008-05-29	393.546913580247
2008-05-30	382.153086419753
2008-06-02	387.1
2008-06-03	377.114814814815
2008-06-04	371.743209876543
2008-06-05	376.575308641975
2008-06-06	356.835802469136
2008-06-09	326.072839506173
2008-06-10	305.082716049383
2008-06-11	299.814814814815
2008-06-12	274.653086419753
2008-06-13	278.43950617284
2008-06-16	285.349382716049
2008-06-17	299.912345679012
2008-06-18	310.743209876543
2008-06-19	314.461728395062
2008-06-20	320.535802469136
2008-06-23	324.50987654321
2008-06-24	325.274074074074
2008-06-25	312.866666666667
2008-06-26	307.146913580247
2008-06-27	297.895061728395
2008-06-30	297.781481481482
2008-07-01	291.587654320988
2008-07-02	297.716049382716
2008-07-03	284.094588915156
2008-07-07	284.452613606514
2008-07-08	274.863724717625
2008-07-09	271.27853953244
2008-07-10	249.004465458366
2008-07-11	244.572839506173
2008-07-14	234.045679012346
2008-07-15	222.901234567901
2008-07-16	218.713580246914
2008-07-17	230.672839506173
2008-07-18	238.366666666667
2008-07-21	243.782716049383
2008-07-22	273.920987654321
2008-07-23	280.412345679012
2008-07-24	297.877777777778
2008-07-25	305.146913580247
2008-07-28	319.928395061728
2008-07-29	335.687654320988
2008-07-30	344.293827160494
2008-07-31	324.554320987654
2008-08-01	312.488888888889
2008-08-04	302.941975308642
2008-08-05	284.750617283951
2008-08-06	286.146913580247
2008-08-07	291.140740740741
2008-08-08	331.659259259259
2008-08-11	368.106172839506
2008-08-12	367.964197530864
2008-08-13	369.603703703704
2008-08-14	381.72962962963
2008-08-15	371.901234567901
2008-08-18	355.502469135802
2008-08-19	353.965432098765
2008-08-20	347.259259259259
2008-08-21	341.887654320988
2008-08-22	345.946913580247
2008-08-25	357.30987654321
2008-08-26	355.644444444444
2008-08-27	353.992592592593
2008-08-28	365.874074074074
2008-08-29	355.967901234568
2008-09-02	359.566666666667
2008-09-03	374.648148148148
2008-09-04	391.844444444444
2008-09-05	385.248148148148
2008-09-08	370.933333333333
2008-09-09	347.648148148148
2008-09-10	321.725925925926
2008-09-11	272.616049382716
2008-09-12	239.622222222222
2008-09-15	229.496296296296
2008-09-16	193.81975308642
2008-09-17	170.353086419753
2008-09-18	173.048148148148
2008-09-19	164.303703703704
2008-09-22	163.872839506173
2008-09-23	168.293827160494
2008-09-24	162.276543209877
2008-09-25	161.706172839506
2008-09-26	160.532098765432
2008-09-29	138.908641975309
2008-09-30	140.235802469136
2008-10-01	144.401234567901
2008-10-02	150.375308641975
2008-10-03	148.102469135802
2008-10-06	158.038271604938
2008-10-07	143.481481481482
2008-10-08	130.687654320988
2008-10-09	110.325925925926
2008-10-10	101.560493827161
2008-10-13	108.217283950617
2008-10-14	106.641975308642
2008-10-15	110.804938271605
2008-10-16	112.31975308642
2008-10-17	118.02962962963
2008-10-20	108.485185185185
2008-10-21	109.685185185185
2008-10-22	107.762962962963
2008-10-23	105.797530864198
2008-10-24	97.1074074074074
2008-10-27	86.5950617283951
2008-10-28	87.1864197530864
2008-10-29	84.0333333333333
2008-10-30	81.8111111111111
2008-10-31	85.7506172839506
2008-11-03	90.2395061728395
2008-11-04	96.1259259259259
2008-11-05	102.138271604938
2008-11-06	108.192592592593
2008-11-07	110.203703703704
2008-11-10	117.469135802469
2008-11-11	120.146913580247
2008-11-12	126.704938271605
2008-11-13	133.11975308642
2008-11-14	134.214814814815
2008-11-17	128.753086419753
2008-11-18	119.487654320988
2008-11-19	108.504938271605
2008-11-20	96.1864197530864
2008-11-21	96.3160493827161
2008-11-24	101.138271604938
2008-11-25	102.474074074074
2008-11-26	102.767901234568
2008-11-28	120.415130023641
2008-12-01	127.96451273969
2008-12-02	129.547228789073
2008-12-03	136.239821381665
2008-12-04	144.568216443394
2008-12-05	130.444444444444
2008-12-08	133
2008-12-09	129.874074074074
2008-12-10	131.08024691358
2008-12-11	127.691358024691
2008-12-12	130.114814814815
2008-12-15	127.606172839506
2008-12-16	130.024691358025
2008-12-17	124.611111111111
2008-12-18	137.532098765432
2008-12-19	149.350617283951
2008-12-22	148.213580246914
2008-12-23	148.249382716049
2008-12-24	156.043263553408
2008-12-26	143.51486849168
2008-12-29	140.497584541063
2008-12-30	141.971658615137
2008-12-31	149.003757380569
2009-01-02	149.09012345679
2009-01-05	163.016049382716
2009-01-06	178.493827160494
2009-01-07	197.313580246914
2009-01-08	215.197530864198
2009-01-09	227.713580246914
2009-01-12	249.641975308642
2009-01-13	251.3
2009-01-14	254.798765432099
2009-01-15	249.085185185185
2009-01-16	246.703703703704
2009-01-20	229.23950617284
2009-01-21	227.734567901235
2009-01-22	216.165432098765
2009-01-23	207.466666666667
2009-01-26	212.102469135802
2009-01-27	208.304938271605
2009-01-28	207.993827160494
2009-01-29	225.741975308642
2009-01-30	232.211111111111
2009-02-02	234.383950617284
2009-02-03	249.87037037037
2009-02-04	257.213580246914
2009-02-05	251.775308641975
2009-02-06	262.293827160494
2009-02-09	278.438271604938
2009-02-10	273.518518518519
2009-02-11	270.785185185185
2009-02-12	276.672839506173
2009-02-13	270.412345679012
2009-02-17	269.037037037037
2009-02-18	272.486419753086
2009-02-19	286.106172839506
2009-02-20	268.795061728395
2009-02-23	282.040740740741
2009-02-24	276.782716049383
2009-02-25	289.945679012346
2009-02-26	269.80987654321
2009-02-27	269.762962962963
2009-03-02	267.408641975309
2009-03-03	265.113580246914
2009-03-04	263.764197530864
2009-03-05	281.054320987654
2009-03-06	285.014814814815
2009-03-09	275.759259259259
2009-03-10	292.854320987654
2009-03-11	290.781481481482
2009-03-12	291.587654320988
2009-03-13	300.665432098765
2009-03-16	320.245679012346
2009-03-17	314.774074074074
2009-03-18	317.28024691358
2009-03-19	312.840740740741
2009-03-20	335.869135802469
2009-03-23	341.655555555556
2009-03-24	358.864197530864
2009-03-25	356.722222222222
2009-03-26	348.095061728395
2009-03-27	325.116049382716
2009-03-30	323.095061728395
2009-03-31	320.783950617284
2009-04-01	319.63950617284
2009-04-02	328.374074074074
2009-04-03	336.843209876543
2009-04-06	326.841975308642
2009-04-07	311.085185185185
2009-04-08	322.213580246914
2009-04-09	340.824691358025
2009-04-13	343.874074074074
2009-04-14	352.843209876543
2009-04-15	362.624691358025
2009-04-16	369.133333333333
2009-04-17	359.614814814815
2009-04-20	380.092592592593
2009-04-21	390.856790123457
2009-04-22	387.146913580247
2009-04-23	364.506172839506
2009-04-24	365.555555555556
2009-04-27	352.256790123457
2009-04-28	354.959259259259
2009-04-29	355.924691358025
2009-04-30	376.717283950617
2009-05-01	385.897530864198
2009-05-04	407.644444444444
2009-05-05	399.61975308642
2009-05-06	406.803703703704
2009-05-07	399.428395061728
2009-05-08	391.867901234568
2009-05-11	377.349382716049
2009-05-12	391.460493827161
2009-05-13	393.424691358025
2009-05-14	413.634567901235
2009-05-15	419.493827160494
2009-05-18	433.8
2009-05-19	431.250617283951
2009-05-20	442.698765432099
2009-05-21	445.862962962963
2009-05-22	438.044444444444
2009-05-26	435.896296296296
2009-05-27	420.040740740741
2009-05-28	399.004938271605
2009-05-29	357.012345679012
2009-06-01	388.223456790124
2009-06-02	376.175308641975
2009-06-03	388.682716049383
2009-06-04	398.023456790124
2009-06-05	407.42962962963
2009-06-08	388.791358024691
2009-06-09	385.130864197531
2009-06-10	392.461728395062
2009-06-11	375.624691358025
2009-06-12	400.665432098765
2009-06-15	415.835802469136
2009-06-16	441.087654320988
2009-06-17	449.608641975309
2009-06-18	474.88024691358
2009-06-19	485.206172839506
2009-06-22	502.993827160494
2009-06-23	501.174074074074
2009-06-24	504.197530864198
2009-06-25	531.397530864198
2009-06-26	526.455555555556
2009-06-29	521.11975308642
2009-06-30	548.058024691358
2009-07-01	556.328395061729
2009-07-02	589.325925925926
2009-07-06	617.633333333333
2009-07-07	631.334567901235
2009-07-08	618.351851851852
2009-07-09	592.218518518519
2009-07-10	533.466666666667
2009-07-13	530.061728395062
2009-07-14	510.177777777778
2009-07-15	539.303703703704
2009-07-16	579.014814814815
2009-07-17	604.127160493827
2009-07-20	590.656790123457
2009-07-21	591.254320987654
2009-07-22	548.601234567901
2009-07-23	548.845679012346
2009-07-24	533.193827160494
2009-07-27	523.630864197531
2009-07-28	509.132098765432
2009-07-29	488.925925925926
2009-07-30	471.640740740741
2009-07-31	439.816049382716
2009-08-03	442.522222222222
2009-08-04	455.943209876543
2009-08-05	475.241975308642
2009-08-06	475.850617283951
2009-08-07	511.050617283951
2009-08-10	515.643209876543
2009-08-11	522.987654320988
2009-08-12	526.804938271605
2009-08-13	504.182716049383
2009-08-14	499.441975308642
2009-08-17	506.362962962963
2009-08-18	516.424691358025
2009-08-19	529.127160493827
2009-08-20	561.787654320988
2009-08-21	600.135802469136
2009-08-24	625.03950617284
2009-08-25	607.937037037037
2009-08-26	593.696296296296
2009-08-27	599.012345679012
2009-08-28	551.253086419753
2009-08-31	507.404938271605
2009-09-01	508.659259259259
2009-09-02	493.992592592593
2009-09-03	481.901234567901
2009-09-04	502.776543209877
2009-09-08	512.146913580247
2009-09-09	528.887654320988
2009-09-10	543.398765432099
2009-09-11	546.091358024691
2009-09-14	564.955555555556
2009-09-15	603.13950617284
2009-09-16	641.12962962963
2009-09-17	669.420987654321
2009-09-18	668.224691358025
2009-09-21	680.313580246914
2009-09-22	685.637037037037
2009-09-23	637.950617283951
2009-09-24	609.095061728395
2009-09-25	578.941975308642
2009-09-28	565.279012345679
2009-09-29	521.466666666667
2009-09-30	524.59012345679
2009-10-01	539.601234567901
2009-10-02	540.292592592593
2009-10-05	512.750617283951
2009-10-06	541.761728395062
2009-10-07	524.466666666667
2009-10-08	528.202469135803
2009-10-09	561.520987654321
2009-10-12	606.961728395062
2009-10-13	619.80987654321
2009-10-14	702.038271604938
2009-10-15	747.850617283951
2009-10-16	749.851851851852
2009-10-19	742.703703703704
2009-10-20	722.104938271605
2009-10-21	672.224691358025
2009-10-22	626.440740740741
2009-10-23	602.655555555556
2009-10-26	562.588888888889
2009-10-27	533.120987654321
2009-10-28	498.072839506173
2009-10-29	495.391358024691
2009-10-30	473.834567901235
2009-11-02	445.018518518519
2009-11-03	424.322222222222
2009-11-04	413.735802469136
2009-11-05	395.124691358025
2009-11-06	397.77037037037
2009-11-09	496.874074074074
2009-11-10	552.659259259259
2009-11-11	559.133333333333
2009-11-12	556.722222222222
2009-11-13	568.645679012346
2009-11-16	563.062962962963
2009-11-17	554.623456790124
2009-11-18	566.403703703704
2009-11-19	592.23950617284
2009-11-20	614.904938271605
2009-11-23	598.091358024691
2009-11-24	602.817283950617
2009-11-25	630.669135802469
2009-11-27	582.852012882448
2009-11-30	563.296457326892
2009-12-01	563.843370907139
2009-12-02	573.697691894793
2009-12-03	554.507568438003
2009-12-04	580.982716049383
2009-12-07	595.777777777778
2009-12-08	551.753086419753
2009-12-09	546.80987654321
2009-12-10	499.714814814815
2009-12-11	537.78024691358
2009-12-14	567.202469135803
2009-12-15	615.044444444445
2009-12-16	678.692592592593
2009-12-17	774.158024691358
2009-12-18	764.324691358025
2009-12-21	776.850617283951
2009-12-22	773.079012345679
2009-12-23	714.576543209877
2009-12-24	652.344578636608
2009-12-28	647.223590982287
2009-12-29	640.36680085883
2009-12-30	597.493961352657
2009-12-31	599.554455179818
2010-01-04	750.251851851852
2010-01-05	905.895061728395
2010-01-06	953.818518518519
2010-01-07	1060.56543209877
2010-01-08	1107.40740740741
2010-01-11	1088.05925925926
2010-01-12	1036.36049382716
2010-01-13	1045.31728395062
2010-01-14	1014.68024691358
2010-01-15	1039.52592592593
2010-01-19	1075.70493827161
2010-01-20	1023.01111111111
2010-01-21	943.80987654321
2010-01-22	887.918518518518
2010-01-25	806.676543209877
2010-01-26	693.832098765432
2010-01-27	605.556790123457
2010-01-28	598.456790123457
2010-01-29	559.379012345679
2010-02-01	576.746913580247
2010-02-02	580.074074074074
2010-02-03	621.201234567901
2010-02-04	618.511111111111
2010-02-05	625.172839506173
2010-02-08	582.655555555556
2010-02-09	521.654320987654
2010-02-10	478.551851851852
2010-02-11	466.802469135803
2010-02-12	473.58024691358
2010-02-16	516.72962962963
2010-02-17	534.558024691358
2010-02-18	587.465432098765
2010-02-19	624.296296296296
2010-02-22	656.733333333333
2010-02-23	659.946913580247
2010-02-24	668.765432098765
2010-02-25	674.838271604938
2010-02-26	653.482716049383
2010-03-01	698.502469135803
2010-03-02	716.91975308642
2010-03-03	757.071604938272
2010-03-04	751.941975308642
2010-03-05	871.4
2010-03-08	863.728395061728
2010-03-09	904.207407407407
2010-03-10	917.130864197531
2010-03-11	907.27037037037
2010-03-12	840.883950617284
2010-03-15	859.488888888889
2010-03-16	836.535802469136
2010-03-17	895.883950617284
2010-03-18	954.91975308642
2010-03-19	985.459259259259
2010-03-22	1035.96666666667
2010-03-23	1070.53086419753
2010-03-24	999.074074074074
2010-03-25	999.029629629629
2010-03-26	944.093827160494
2010-03-29	901.361728395062
2010-03-30	886.166666666667
2010-03-31	920.506172839506
2010-04-01	950.31975308642
2010-04-05	1016.63580246914
2010-04-06	1092.76049382716
2010-04-07	1119.0975308642
2010-04-08	1173.28641975309
2010-04-09	1143.7
2010-04-12	1137.82962962963
2010-04-13	1116.38888888889
2010-04-14	1214.76790123457
2010-04-15	1257.92222222222
2010-04-16	1214.90493827161
2010-04-19	1171.52098765432
2010-04-20	1107.71358024691
2010-04-21	987.161728395062
2010-04-22	924.045679012346
2010-04-23	943.313580246914
2010-04-26	971.106172839506
2010-04-27	939.572839506173
2010-04-28	836.86049382716
2010-04-29	793.63950617284
2010-04-30	724.79012345679
2010-05-03	704.10987654321
2010-05-04	653.395061728395
2010-05-05	661.738271604938
2010-05-06	548.503703703704
2010-05-07	490.675308641975
2010-05-10	406.738271604938
2010-05-11	390.60987654321
2010-05-12	362.407407407407
2010-05-13	361.720987654321
2010-05-14	380.037037037037
2010-05-17	369.549382716049
2010-05-18	349.645679012346
2010-05-19	320.438271604938
2010-05-20	294.788888888889
2010-05-21	289.751851851852
2010-05-24	277.779012345679
2010-05-25	265.766666666667
2010-05-26	275.356790123457
2010-05-27	291.130864197531
2010-05-28	294.851851851852
2010-06-01	299.601234567901
2010-06-02	327.766666666667
2010-06-03	337.223456790123
2010-06-04	348.951851851852
2010-06-07	368.377777777778
2010-06-08	379.801234567901
2010-06-09	393.645679012346
2010-06-10	412.083950617284
2010-06-11	419.240740740741
2010-06-14	450.264197530864
2010-06-15	504.787654320988
2010-06-16	505.137037037037
2010-06-17	511.569135802469
2010-06-18	528.101234567901
2010-06-21	537.812345679012
2010-06-22	498.123456790123
2010-06-23	465.581481481482
2010-06-24	450.164197530864
2010-06-25	440.718518518519
2010-06-28	426.517283950617
2010-06-29	409.843209876543
2010-06-30	430.687654320988
2010-07-01	418.476543209876
2010-07-02	396.485185185185
2010-07-06	401.704938271605
2010-07-07	442.13950617284
2010-07-08	458.554320987654
2010-07-09	491.245679012346
2010-07-12	511.916049382716
2010-07-13	520.206172839506
2010-07-14	507.144444444444
2010-07-15	500.295061728395
2010-07-16	492.175308641975
2010-07-19	503.881481481482
2010-07-20	504.245679012346
2010-07-21	479.269135802469
2010-07-22	477.006172839506
2010-07-23	458.220987654321
2010-07-26	467.020987654321
2010-07-27	455.751851851852
2010-07-28	473.754320987654
2010-07-29	477.63950617284
2010-07-30	473.918518518519
2010-08-02	499.308641975309
2010-08-03	513.235802469136
2010-08-04	513.78024691358
2010-08-05	530.986419753086
2010-08-06	557.392592592593
2010-08-09	540.448148148148
2010-08-10	524.762962962963
2010-08-11	571.764197530864
2010-08-12	580.174074074074
2010-08-13	574.143209876543
2010-08-16	569.901234567901
2010-08-17	626.403703703704
2010-08-18	592.923456790124
2010-08-19	581.162962962963
2010-08-20	608.535802469136
2010-08-23	607.974074074074
2010-08-24	555.624691358025
2010-08-25	549.501234567901
2010-08-26	538.104938271605
2010-08-27	518.967901234568
2010-08-30	506.149382716049
2010-08-31	494.462962962963
2010-09-01	541.171604938272
2010-09-02	588.425925925926
2010-09-03	623.145679012346
2010-09-07	633.377777777778
2010-09-08	671.550617283951
2010-09-09	646.874074074074
2010-09-10	640.354320987654
2010-09-13	718.558024691358
2010-09-14	744.020987654321
2010-09-15	763.866666666667
2010-09-16	764.265432098766
2010-09-17	753.017283950617
2010-09-20	744.114814814815
2010-09-21	736.349382716049
2010-09-22	717.266666666667
2010-09-23	719.650617283951
2010-09-24	737.497530864198
2010-09-27	676.816049382716
2010-09-28	681.730864197531
2010-09-29	674.862962962963
2010-09-30	676.093827160494
2010-10-01	630.985185185185
2010-10-04	615.992592592593
2010-10-05	677.535802469136
2010-10-06	697.974074074074
2010-10-07	706.859259259259
2010-10-08	757.322222222222
2010-10-11	773.602469135803
2010-10-12	732.962962962963
2010-10-13	768.386419753086
2010-10-14	760.533333333333
2010-10-15	721.8
2010-10-18	704.527160493827
2010-10-19	665.93950617284
2010-10-20	632.491358024691
2010-10-21	615.388888888889
2010-10-22	619.949382716049
2010-10-25	633.17037037037
2010-10-26	673.869135802469
2010-10-27	703.259259259259
2010-10-28	714.751851851852
2010-10-29	746.207407407407
2010-11-01	779.154320987654
2010-11-02	796.681481481482
2010-11-03	734.666666666667
2010-11-04	813.08024691358
2010-11-05	837.697530864197
2010-11-08	841.446913580247
2010-11-09	854.183950617284
2010-11-10	904.959259259259
2010-11-11	805.883950617284
2010-11-12	745.00987654321
2010-11-15	738.98024691358
2010-11-16	683.212345679012
2010-11-17	658.579012345679
2010-11-18	720.487654320988
2010-11-19	751.724691358025
2010-11-22	760.303703703704
2010-11-23	781.497530864198
2010-11-24	792.855555555556
2010-11-26	707.913070316694
2010-11-29	738.805662909286
2010-11-30	689.976033279657
2010-12-01	687.063687600644
2010-12-02	714.746403650027
2010-12-03	789.593827160494
2010-12-06	784.777777777778
2010-12-07	836.174074074074
2010-12-08	839.507407407407
2010-12-09	742.265432098765
2010-12-10	733.256790123457
2010-12-13	744.892592592593
2010-12-14	719.356790123457
2010-12-15	759.970370370371
2010-12-16	852.811111111111
2010-12-17	889.081481481482
2010-12-20	909.256790123457
2010-12-21	957.292592592593
2010-12-22	972.041975308642
2010-12-23	971.741975308642
2010-12-27	1055.07283950617
2010-12-28	1108.02839506173
2010-12-29	1172.86296296296
2010-12-30	1178.72839506173
2010-12-31	1194.76049382716
2011-01-03	1214.55185185185
2011-01-04	1198.0962962963
2011-01-05	1151.23086419753
2011-01-06	1120.02962962963
2011-01-07	1048.9024691358
2011-01-10	933.782716049383
2011-01-11	878.588888888889
2011-01-12	884.776543209877
2011-01-13	950.665432098766
2011-01-14	1007.30987654321
2011-01-18	1058.32469135802
2011-01-19	1104.07283950617
2011-01-20	1046.52098765432
2011-01-21	1011.70493827161
2011-01-24	1028.38765432099
2011-01-25	999.054320987654
2011-01-26	887.965432098766
2011-01-27	840.867901234568
2011-01-28	763.271604938272
2011-01-31	750.683950617284
2011-02-01	801.014814814815
2011-02-02	814.497530864198
2011-02-03	850.22962962963
2011-02-04	837.624691358025
2011-02-07	876.227160493827
2011-02-08	828.348148148148
2011-02-09	896.514814814815
2011-02-10	873.793827160494
2011-02-11	935.143209876543
2011-02-14	899.979012345679
2011-02-15	848.797530864198
2011-02-16	816.762962962963
2011-02-17	864.407407407407
2011-02-18	862.177777777778
2011-02-22	807.777777777778
2011-02-23	775.535802469136
2011-02-24	699.608641975309
2011-02-25	660.322222222222
2011-02-28	651.001234567901
2011-03-01	643.966666666667
2011-03-02	644.116049382716
2011-03-03	728.506172839506
2011-03-04	703.285185185185
2011-03-07	643.682716049383
2011-03-08	646.345679012346
2011-03-09	609.092592592593
2011-03-10	511.87037037037
2011-03-11	472.60987654321
2011-03-14	453.544444444444
2011-03-15	406.735802469136
2011-03-16	396.501234567901
2011-03-17	387.487654320988
2011-03-18	377.202469135802
2011-03-21	405.8
2011-03-22	439.358024691358
2011-03-23	503.913580246914
2011-03-24	559.681481481482
2011-03-25	629.887654320988
2011-03-28	643.417283950617
2011-03-29	702.708641975309
2011-03-30	715.31975308642
2011-03-31	728.407407407407
2011-04-01	747.579012345679
2011-04-04	775.493827160494
2011-04-05	756.923456790123
2011-04-06	786.393827160494
2011-04-07	758.174074074074
2011-04-08	728.659259259259
2011-04-11	702.120987654321
2011-04-12	712.766666666667
2011-04-13	681.128395061728
2011-04-14	696
2011-04-15	685.181481481482
2011-04-18	641.035802469136
2011-04-19	614.022222222222
2011-04-20	647.559259259259
2011-04-21	660.916049382716
2011-04-25	632.758024691358
2011-04-26	704.683950617284
2011-04-27	687.146913580247
2011-04-28	737.367901234568
2011-04-29	806.535802469136
2011-05-02	910.503703703704
2011-05-03	876.98024691358
2011-05-04	900.332098765432
2011-05-05	803.867901234568
2011-05-06	680.877777777778
2011-05-09	608.176543209877
2011-05-10	637.745679012346
2011-05-11	610.028395061728
2011-05-12	605.212345679012
2011-05-13	618.235802469136
2011-05-16	608.812345679012
2011-05-17	553.003703703704
2011-05-18	564.028395061728
2011-05-19	556.207407407407
2011-05-20	580.771604938272
2011-05-23	564.693827160494
2011-05-24	594.038271604938
2011-05-25	595.73950617284
2011-05-26	606.187654320988
2011-05-27	616.955555555556
2011-05-31	671.87037037037
2011-06-01	669.160493827161
2011-06-02	642.874074074074
2011-06-03	642.633333333334
2011-06-06	657.78024691358
2011-06-07	616.91975308642
2011-06-08	590.159259259259
2011-06-09	604.708641975309
2011-06-10	575.63950617284
2011-06-13	570.871604938272
2011-06-14	624.741975308642
2011-06-15	631.176543209877
2011-06-16	623.633333333333
2011-06-17	637.114814814815
2011-06-20	622.632098765432
2011-06-21	614.406172839506
2011-06-22	607.632098765432
2011-06-23	588.456790123457
2011-06-24	579.508641975309
2011-06-27	601.172839506173
2011-06-28	623.103703703704
2011-06-29	663.816049382716
2011-06-30	732.656790123457
2011-07-01	773.149382716049
2011-07-05	742.401234567901
2011-07-06	709.154320987654
2011-07-07	704.006172839506
2011-07-08	663.432098765432
2011-07-11	650.99012345679
2011-07-12	638.279012345679
2011-07-13	616.881481481482
2011-07-14	576.141975308642
2011-07-15	550
2011-07-18	520.854320987654
2011-07-19	533.001234567901
2011-07-20	528.618518518519
2011-07-21	529.911111111111
2011-07-22	540.386419753086
2011-07-25	539.049382716049
2011-07-26	522.565432098766
2011-07-27	490.772839506173
2011-07-28	499.412345679012
2011-07-29	466.559259259259
2011-08-01	451.448148148148
2011-08-02	432.308641975309
2011-08-03	422.775308641975
2011-08-04	382.008641975309
2011-08-05	347.916049382716
2011-08-08	305.318518518519
2011-08-09	249.132098765432
2011-08-10	194.734567901235
2011-08-11	164.460493827161
2011-08-12	166.065432098765
2011-08-15	189.985185185185
2011-08-16	208.444444444444
2011-08-17	247.575308641975
2011-08-18	246.40987654321
2011-08-19	257.176543209877
2011-08-22	230.813580246914
2011-08-23	232.56049382716
2011-08-24	213.798765432099
2011-08-25	217.198765432099
2011-08-26	211.08024691358
2011-08-29	271.755555555556
2011-08-30	291.804938271605
2011-08-31	332.302469135803
2011-09-01	342.748148148148
2011-09-02	351.351851851852
2011-09-06	310.356790123457
2011-09-07	350.091358024691
2011-09-08	304.679012345679
2011-09-09	298.677777777778
2011-09-12	298.58024691358
2011-09-13	283.711111111111
2011-09-14	227.869135802469
2011-09-15	256.881481481482
2011-09-16	274.664197530864
2011-09-19	288.541975308642
2011-09-20	316.849382716049
2011-09-21	319.479012345679
2011-09-22	299.993827160494
2011-09-23	280.761728395062
2011-09-26	265.977777777778
2011-09-27	258.224691358025
2011-09-28	250.616049382716
2011-09-29	242.937037037037
2011-09-30	239.508641975309
2011-10-03	237.918518518519
2011-10-04	214.011111111111
2011-10-05	202.99012345679
2011-10-06	215.19012345679
2011-10-07	218.114814814815
2011-10-10	240.496296296296
2011-10-11	245.267901234568
2011-10-12	279.569135802469
2011-10-13	277.003703703704
2011-10-14	311.37037037037
2011-10-17	308.162962962963
2011-10-18	323.320987654321
2011-10-19	305.42962962963
2011-10-20	304.741975308642
2011-10-21	291.20987654321
2011-10-24	325.625925925926
2011-10-25	319.156790123457
2011-10-26	317.040740740741
2011-10-27	357.820987654321
2011-10-28	353.641975308642
2011-10-31	316.479012345679
2011-11-01	306.99012345679
2011-11-02	307.256790123457
2011-11-03	263.543209876543
2011-11-04	256.762962962963
2011-11-07	238.185185185185
2011-11-08	261.358024691358
2011-11-09	256.504938271605
2011-11-10	257.63950617284
2011-11-11	271.207407407407
2011-11-14	289.356790123457
2011-11-15	287.750617283951
2011-11-16	303.438271604938
2011-11-17	295.885185185185
2011-11-18	278.008641975309
2011-11-21	269.10987654321
2011-11-22	257.669135802469
2011-11-23	248.862962962963
2011-11-25	256.984594739667
2011-11-28	292.009286097692
2011-11-29	294.040150295223
2011-11-30	335.054965110038
2011-12-01	352.488298443371
2011-12-02	363.497530864198
2011-12-05	378.57037037037
2011-12-06	406.046913580247
2011-12-07	396.271604938272
2011-12-08	371.282716049383
2011-12-09	391.761728395062
2011-12-12	385.023456790124
2011-12-13	366.859259259259
2011-12-14	355.525925925926
2011-12-15	381.143209876543
2011-12-16	371.695061728395
2011-12-19	340.835802469136
2011-12-20	362.038271604938
2011-12-21	368.21975308642
2011-12-22	372.465432098766
2011-12-23	380.97037037037
2011-12-27	381.60987654321
2011-12-28	353.544444444444
2011-12-29	348.456790123457
2011-12-30	343.116049382716
2012-01-03	353.695061728395
2012-01-04	400.264197530864
2012-01-05	435.550617283951
2012-01-06	453.361728395062
2012-01-09	474.534567901235
2012-01-10	505.576543209877
2012-01-11	549.796296296296
2012-01-12	573.437037037037
2012-01-13	595.987654320988
2012-01-17	642.501234567901
2012-01-18	698.22962962963
2012-01-19	752.948148148148
2012-01-20	809.423456790123
2012-01-23	880.407407407407
2012-01-24	889.171604938272
2012-01-25	838.874074074074
2012-01-26	811.330864197531
2012-01-27	748.998765432099
2012-01-30	712.761728395062
2012-01-31	713.832098765432
2012-02-01	789.840740740741
2012-02-02	768.296296296296
2012-02-03	830.350617283951
2012-02-06	837.725925925926
2012-02-07	842.891358024691
2012-02-08	829.474074074074
2012-02-09	813.249382716049
2012-02-10	777.59012345679
2012-02-13	769.801234567901
2012-02-14	767.396296296296
2012-02-15	721.316049382716
2012-02-16	703.651851851852
2012-02-17	702.123456790123
2012-02-21	706.920987654321
2012-02-22	659.018518518518
2012-02-23	650.256790123457
2012-02-24	668.487654320988
2012-02-27	669.020987654321
2012-02-28	633.225925925926
2012-02-29	637.545679012346
2012-03-01	611.058024691358
2012-03-02	592.77037037037
2012-03-05	571.618518518519
2012-03-06	588.702469135803
2012-03-07	625.033333333334
2012-03-08	666.982716049383
2012-03-09	683.592592592593
2012-03-12	696.369135802469
2012-03-13	714.971604938272
2012-03-14	690.385185185185
2012-03-15	670.195061728395
2012-03-16	665.866666666667
2012-03-19	767.348148148148
2012-03-20	782.186419753086
2012-03-21	807.23950617284
2012-03-22	812.566666666667
2012-03-23	833.525925925926
2012-03-26	797.661728395062
2012-03-27	753.23950617284
2012-03-28	729.418518518519
2012-03-29	708.966666666667
2012-03-30	705.03950617284
2012-04-02	670.481481481482
2012-04-03	646.535802469136
2012-04-04	653.465432098765
2012-04-05	665.351851851852
2012-04-09	624.825925925926
2012-04-10	580.660493827161
2012-04-11	590.185185185185
2012-04-12	589.48024691358
2012-04-13	569.775308641975
2012-04-16	550.717283950617
2012-04-17	574.533333333333
2012-04-18	586.508641975309
2012-04-19	553.493827160494
2012-04-20	561.013580246914
2012-04-23	579.802469135803
2012-04-24	529.838271604938
2012-04-25	517.124691358025
2012-04-26	561.555555555556
2012-04-27	565.064197530864
2012-04-30	587.98024691358
2012-05-01	643.764197530864
2012-05-02	683.081481481482
2012-05-03	669.91975308642
2012-05-04	669.761728395062
2012-05-07	645.717283950617
2012-05-08	598.435802469136
2012-05-09	515.167901234568
2012-05-10	466.298765432099
2012-05-11	430.42962962963
2012-05-14	420.071604938272
2012-05-15	405.7
2012-05-16	415.744444444444
2012-05-17	430.91975308642
2012-05-18	427.875308641975
2012-05-21	416.325925925926
2012-05-22	432.101234567901
2012-05-23	423.118518518519
2012-05-24	391.720987654321
2012-05-25	373.259259259259
2012-05-29	364.103703703704
2012-05-30	338.525925925926
2012-05-31	344.482716049383
2012-06-01	375.254320987654
2012-06-04	389.730864197531
2012-06-05	390.320987654321
2012-06-06	449.497530864198
2012-06-07	456.754320987654
2012-06-08	447.562962962963
2012-06-11	461.176543209877
2012-06-12	464.322222222222
2012-06-13	420.806172839506
2012-06-14	437.916049382716
2012-06-15	453.616049382716
2012-06-18	441.681481481481
2012-06-19	469.779012345679
2012-06-20	455.623456790123
2012-06-21	453.001234567901
2012-06-22	461.902469135803
2012-06-25	479.507407407407
2012-06-26	454.788888888889
2012-06-27	489.943209876543
2012-06-28	470.859259259259
2012-06-29	494.744444444444
2012-07-02	498.217283950617
2012-07-03	565.357622114869
2012-07-05	555.055152979066
2012-07-06	576.771202361782
2012-07-09	536.642807300054
2012-07-10	545.524288781535
2012-07-11	476.371604938272
2012-07-12	460.513580246914
2012-07-13	476.09012345679
2012-07-16	503.313580246914
2012-07-17	494.624691358025
2012-07-18	527.638271604938
2012-07-19	542.825925925926
2012-07-20	528.662962962963
2012-07-23	525.344444444445
2012-07-24	524.996296296296
2012-07-25	492.601234567901
2012-07-26	483.024691358025
2012-07-27	491.454320987654
2012-07-30	466.135802469136
2012-07-31	452.086419753087
2012-08-01	440.059259259259
2012-08-02	423.60987654321
2012-08-03	426.650617283951
2012-08-06	449.349382716049
2012-08-07	503.687654320988
2012-08-08	543.487654320988
2012-08-09	584.6
2012-08-10	585.106172839506
2012-08-13	588.31975308642
2012-08-14	577.133333333334
2012-08-15	588.379012345679
2012-08-16	618.908641975309
2012-08-17	661.7
2012-08-20	690.075308641975
2012-08-21	710.079012345679
2012-08-22	697.78024691358
2012-08-23	666.344444444444
2012-08-24	655.037037037037
2012-08-27	628.175308641975
2012-08-28	583.413580246914
2012-08-29	582.543209876543
2012-08-30	597.482716049383
2012-08-31	543.982716049383
2012-09-04	536.125925925926
2012-09-05	530.062962962963
2012-09-06	558.192592592593
2012-09-07	553.20987654321
2012-09-10	602.2
2012-09-11	630.214814814815
2012-09-12	658.586419753086
2012-09-13	629.382716049383
2012-09-14	631.502469135803
2012-09-17	602.449382716049
2012-09-18	575.533333333333
2012-09-19	586.27037037037
2012-09-20	604.886419753087
2012-09-21	629.532098765432
2012-09-24	654.21975308642
2012-09-25	666.379012345679
2012-09-26	643.683950617284
2012-09-27	638.369135802469
2012-09-28	595.869135802469
2012-10-01	562.803703703704
2012-10-02	525.8
2012-10-03	512.240740740741
2012-10-04	497.330864197531
2012-10-05	503.903703703704
2012-10-08	495.12962962963
2012-10-09	514.645679012346
2012-10-10	513.076543209877
2012-10-11	526.320987654321
2012-10-12	506.625925925926
2012-10-15	533.01975308642
2012-10-16	560.833333333333
2012-10-17	603.450617283951
2012-10-18	588.87037037037
2012-10-19	629.898765432099
2012-10-22	614.13950617284
2012-10-23	571.80987654321
2012-10-24	521.572839506173
2012-10-25	508.060493827161
2012-10-26	454.792592592593
2012-10-31	439.534567901235
2012-11-01	464.99012345679
2012-11-02	479.066666666667
2012-11-05	502.759259259259
2012-11-06	536.779012345679
2012-11-07	541.82962962963
2012-11-08	512.471604938272
2012-11-09	489.548148148148
2012-11-12	472.059259259259
2012-11-13	443.51975308642
2012-11-14	442.148148148148
2012-11-15	442.156790123457
2012-11-16	443.730864197531
2012-11-19	463.102469135803
2012-11-20	470.460493827161
2012-11-21	468.640740740741
2012-11-23	476.575040257649
2012-11-26	495.617015566291
2012-11-27	474.477509393451
2012-11-28	470.439237788513
2012-11-29	472.603435319377
2012-11-30	488.483950617284
2012-12-03	486.188888888889
2012-12-04	485.162962962963
2012-12-05	492.782716049383
2012-12-06	493.702469135803
2012-12-07	473.388888888889
2012-12-10	482.932098765432
2012-12-11	537.764197530864
2012-12-12	558.361728395062
2012-12-13	592.546913580247
2012-12-14	613.241975308642
2012-12-17	637.845679012346
2012-12-18	639.877777777778
2012-12-19	655.650617283951
2012-12-20	639.271604938272
2012-12-21	620.658024691358
2012-12-24	547.960010735373
2012-12-26	464.025442834139
2012-12-27	392.748899624262
2012-12-28	338.394578636608
2012-12-31	295.030381105743
2013-01-02	334.797530864198
2013-01-03	389.674074074074
2013-01-04	453.17037037037
2013-01-07	547.711111111111
2013-01-08	645.112345679012
2013-01-09	681.824691358025
2013-01-10	681.8
2013-01-11	685.077777777778
2013-01-14	654.723456790124
2013-01-15	671.460493827161
2013-01-16	689.9
2013-01-17	739.848148148148
2013-01-18	758.620987654321
2013-01-22	802.351851851852
2013-01-23	813.208641975309
2013-01-24	835.946913580247
2013-01-25	805.202469135802
2013-01-28	807.560493827161
2013-01-29	822.958024691358
2013-01-30	793.391358024691
2013-01-31	765.62962962963
2013-02-01	783.877777777778
2013-02-04	759.864197530864
2013-02-05	765.983950617284
2013-02-06	787.355555555556
2013-02-07	780.469135802469
2013-02-08	811.13950617284
2013-02-11	853.745679012346
2013-02-12	837.435802469136
2013-02-13	837.714814814815
2013-02-14	868.369135802469
2013-02-15	845.250617283951
2013-02-19	852.254320987654
2013-02-20	838.137037037037
2013-02-21	814.314814814815
2013-02-22	797.4
2013-02-25	734.441975308642
2013-02-26	654.711111111111
2013-02-27	627.306172839506
2013-02-28	621.40987654321
2013-03-01	574.238271604938
2013-03-04	584.038271604938
2013-03-05	635.09012345679
2013-03-06	633.267901234568
2013-03-07	611.845679012346
2013-03-08	618.064197530864
2013-03-11	678.927160493827
2013-03-12	673.676543209877
2013-03-13	691.733333333333
2013-03-14	757.09012345679
2013-03-15	831.825925925926
2013-03-18	791.712345679012
2013-03-19	759.50987654321
2013-03-20	721.292592592593
2013-03-21	654.325925925926
2013-03-22	573.950617283951
2013-03-25	546.413580246914
2013-03-26	562.660493827161
2013-03-27	574.748148148148
2013-03-28	596.682716049383
2013-04-01	592.933333333333
2013-04-02	627.941975308642
2013-04-03	635.761728395062
2013-04-04	619.241975308642
2013-04-05	610.361728395062
2013-04-08	628.817283950617
2013-04-09	610.022222222222
2013-04-10	634.717283950617
2013-04-11	689.518518518519
2013-04-12	672.58024691358
2013-04-15	639.686419753086
2013-04-16	629.527160493827
2013-04-17	555.60987654321
2013-04-18	473.323456790124
2013-04-19	457.381481481482
2013-04-22	459.007407407407
2013-04-23	445.337037037037
2013-04-24	451.464197530864
2013-04-25	496.806172839506
2013-04-26	499.53950617284
2013-04-29	530.233333333333
2013-04-30	575.675308641975
2013-05-01	590.48024691358
2013-05-02	603.666666666667
2013-05-03	670.47037037037
2013-05-06	691.704938271605
2013-05-07	710.2
2013-05-08	789.150617283951
2013-05-09	806.646913580247
2013-05-10	760.296296296296
2013-05-13	743.782716049383
2013-05-14	732.828395061728
2013-05-15	688.937037037037
2013-05-16	669.974074074074
2013-05-17	708.243209876543
2013-05-20	744.738271604938
2013-05-21	698.628395061729
2013-05-22	613.414814814815
2013-05-23	556.164197530864
2013-05-24	496.203703703704
2013-05-28	419.582716049383
2013-05-29	383.677777777778
2013-05-30	417.855555555556
2013-05-31	429.177777777778
2013-06-03	398.874074074074
2013-06-04	382.330864197531
2013-06-05	368.58024691358
2013-06-06	337.582716049383
2013-06-07	323.89012345679
2013-06-10	326.550617283951
2013-06-11	334.544444444444
2013-06-12	341.946913580247
2013-06-13	362.141975308642
2013-06-14	346.375308641975
2013-06-17	351.130864197531
2013-06-18	347.883950617284
2013-06-19	337.771604938272
2013-06-20	311.634567901235
2013-06-21	314.828395061728
2013-06-24	295.92962962963
2013-06-25	281.332098765432
2013-06-26	294.688888888889
2013-06-27	316.213580246914
2013-06-28	323.925925925926
2013-07-01	344.053086419753
2013-07-02	353.432098765432
2013-07-03	342.576301663983
2013-07-05	321.512104133119
2013-07-08	324.029388083736
2013-07-09	343.317042404724
2013-07-10	337.054079441761
2013-07-11	368.271604938272
2013-07-12	395.558024691358
2013-07-15	432.896296296296
2013-07-16	445.613580246914
2013-07-17	462.118518518519
2013-07-18	473.697530864198
2013-07-19	483.458024691358
2013-07-22	484.695061728395
2013-07-23	480.167901234568
2013-07-24	493.332098765432
2013-07-25	491.924691358025
2013-07-26	501.841975308642
2013-07-29	499.351851851852
2013-07-30	520.788888888889
2013-07-31	533.696296296296
2013-08-01	537.583950617284
2013-08-02	540.891358024691
2013-08-05	547.80987654321
2013-08-06	551.671604938272
2013-08-07	556.665432098766
2013-08-08	590.637037037037
2013-08-09	601.755555555556
2013-08-12	593.353086419753
2013-08-13	590.686419753086
2013-08-14	577.445679012346
2013-08-15	537.516049382716
2013-08-16	521.241975308642
2013-08-19	522.558024691358
2013-08-20	507.948148148148
2013-08-21	495.574074074074
2013-08-22	494.874074074074
2013-08-23	497.337037037037
2013-08-26	488.023456790123
2013-08-27	465.545679012346
2013-08-28	476.495061728395
2013-08-29	472.913580246914
2013-08-30	456.546913580247
2013-09-03	449.183950617284
2013-09-04	471.922222222222
2013-09-05	469.349382716049
2013-09-06	463.735802469136
2013-09-09	501.772839506173
2013-09-10	527.087654320988
2013-09-11	546.861728395062
2013-09-12	556.227160493827
2013-09-13	554.07037037037
2013-09-16	532.359259259259
2013-09-17	557.995061728395
2013-09-18	534.055555555556
2013-09-19	564.267901234568
2013-09-20	590.355555555556
2013-09-23	630.087654320988
2013-09-24	627.151851851852
2013-09-25	623.245679012346
2013-09-26	601.713580246914
2013-09-27	597.586419753086
2013-09-30	560.17037037037
2013-10-01	520.41975308642
2013-10-02	525.951851851852
2013-10-03	496.018518518519
2013-10-04	488.445679012346
2013-10-07	475.52962962963
2013-10-08	462.843209876543
2013-10-09	447.402469135803
2013-10-10	449.751851851852
2013-10-11	452.161728395062
2013-10-14	458.164197530864
2013-10-15	428.537037037037
2013-10-16	411.965432098766
2013-10-17	452.52962962963
2013-10-18	477.566666666667
2013-10-21	498.785185185185
2013-10-22	566.479012345679
2013-10-23	580.608641975309
2013-10-24	540.595061728395
2013-10-25	507.607407407407
2013-10-28	502.902469135803
2013-10-29	496.245679012346
2013-10-30	500.696296296296
2013-10-31	514.070370370371
2013-11-01	507.412345679012
2013-11-04	500.927160493827
2013-11-05	508.891358024691
2013-11-06	513.506172839506
2013-11-07	503.261728395062
2013-11-08	487.672839506173
2013-11-11	507.481481481482
2013-11-12	483.287654320988
2013-11-13	498.941975308642
2013-11-14	511.475308641975
2013-11-15	564.372839506173
2013-11-18	554.045679012346
2013-11-19	555.404938271605
2013-11-20	524.746913580247
2013-11-21	512.735802469136
2013-11-22	515.965432098765
2013-11-25	525.923456790123
2013-11-26	556.03950617284
2013-11-27	570.562962962963
2013-11-29	589.526462694579
2013-12-02	562.835104669887
2013-12-03	539.385721953838
2013-12-04	502.193129361245
2013-12-05	478.273376274826
2013-12-06	444.841975308642
2013-12-09	428.162962962963
2013-12-10	422.318518518519
2013-12-11	418.674074074074
2013-12-12	424.086419753086
2013-12-13	425.362962962963
2013-12-16	436.864197530864
2013-12-17	455.456790123457
2013-12-18	447.882716049383
2013-12-19	474.84938271605
2013-12-20	500.981481481482
2013-12-23	486.16049382716
2013-12-24	465.303918411165
2013-12-26	468.407622114869
2013-12-27	471.324906065486
2013-12-30	467.813794954375
2013-12-31	478.645893719807
2014-01-02	461.485185185185
2014-01-03	466.740740740741
2014-01-06	482.001234567901
2014-01-07	519.444444444445
2014-01-08	540.901234567901
2014-01-09	608.925925925926
2014-01-10	613.727160493827
2014-01-13	640.569135802469
2014-01-14	639.791358024691
2014-01-15	650.714814814815
2014-01-16	608.911111111111
2014-01-17	617.851851851852
2014-01-21	572.259259259259
2014-01-22	528.551851851852
2014-01-23	497.697530864198
2014-01-24	468.604938271605
2014-01-27	434.306172839506
2014-01-28	408.358024691358
2014-01-29	367.761728395062
2014-01-30	349.61975308642
2014-01-31	344.387654320988
2014-02-03	339.271604938272
2014-02-04	339.177777777778
2014-02-05	350.446913580247
2014-02-06	370.649382716049
2014-02-07	419.134567901235
2014-02-10	444.453086419753
2014-02-11	493.877777777778
2014-02-12	534.156790123457
2014-02-13	570.375308641975
2014-02-14	615.6
2014-02-18	674.408641975309
2014-02-19	633.146913580247
2014-02-20	634.159259259259
2014-02-21	603.644444444444
2014-02-24	559.12962962963
2014-02-25	504.504938271605
2014-02-26	506.053086419753
2014-02-27	486.93950617284
2014-02-28	474.597530864198
2014-03-03	420.146913580247
2014-03-04	430.685185185185
2014-03-05	433.175308641975
2014-03-06	480.9
2014-03-07	459.644444444445
2014-03-10	454.454320987654
2014-03-11	449.375308641975
2014-03-12	441.771604938272
2014-03-13	364.640740740741
2014-03-14	343.981481481482
2014-03-17	344.134567901235
2014-03-18	330.122222222222
2014-03-19	304.588888888889
2014-03-20	321.998765432099
2014-03-21	343.744444444444
2014-03-24	361.204938271605
2014-03-25	372.555555555556
2014-03-26	383.961728395062
2014-03-27	373.01975308642
2014-03-28	379.648148148148
2014-03-31	401.977777777778
2014-04-01	401.218518518519
2014-04-02	423.576543209876
2014-04-03	457.043209876543
2014-04-04	448.846913580247
2014-04-07	428.048148148148
2014-04-08	416.535802469136
2014-04-09	416.333333333333
2014-04-10	387.260493827161
2014-04-11	374.624691358025
2014-04-14	358.983950617284
2014-04-15	331.343209876543
2014-04-16	293.459259259259
2014-04-17	289.195061728395
2014-04-21	291.901234567901
2014-04-22	318.161728395062
2014-04-23	326.795061728395
2014-04-24	335.351851851852
2014-04-25	338.59012345679
2014-04-28	352.466666666667
2014-04-29	328.966666666667
2014-04-30	334.414814814815
2014-05-01	349.138271604938
2014-05-02	348.681481481481
2014-05-05	351.524691358025
2014-05-06	365.693827160494
2014-05-07	378.032098765432
2014-05-08	371.175308641975
2014-05-09	376.92962962963
2014-05-12	403.408641975309
2014-05-13	408.237037037037
2014-05-14	408.025925925926
2014-05-15	422.155555555556
2014-05-16	429.792592592593
2014-05-19	421.925925925926
2014-05-20	420.911111111111
2014-05-21	434.36049382716
2014-05-22	446.106172839506
2014-05-23	471.314814814815
2014-05-27	494.261728395062
2014-05-28	518.441975308642
2014-05-29	538.948148148148
2014-05-30	561.47037037037
2014-06-02	562.279012345679
2014-06-03	571.620987654321
2014-06-04	582.027160493827
2014-06-05	597.716049382716
2014-06-06	618.765432098765
2014-06-09	660.818518518519
2014-06-10	679.282716049383
2014-06-11	717.291358024692
2014-06-12	689.354320987655
2014-06-13	650.23950617284
2014-06-16	624.265432098766
2014-06-17	619.587654320988
2014-06-18	571.782716049383
2014-06-19	595.546913580247
2014-06-20	646.440740740741
2014-06-23	710.888888888889
2014-06-24	718.79012345679
2014-06-25	728.748148148148
2014-06-26	714.26049382716
2014-06-27	675.187654320988
2014-06-30	621.874074074074
2014-07-01	627.769135802469
2014-07-02	628.130864197531
2014-07-03	641.327106816962
2014-07-07	644.254267310789
2014-07-08	632.134514224369
2014-07-09	603.618464841653
2014-07-10	651.338217928073
2014-07-11	720.356790123457
2014-07-14	778.514814814815
2014-07-15	776.113580246914
2014-07-16	856.934567901235
2014-07-17	802.92962962963
2014-07-18	785.466666666667
2014-07-21	780.317283950617
2014-07-22	810.175308641975
2014-07-23	769.465432098765
2014-07-24	842.434567901235
2014-07-25	840.966666666667
2014-07-28	814.265432098766
2014-07-29	787.635802469136
2014-07-30	710.130864197531
2014-07-31	624.766666666667
2014-08-01	531.625925925926
2014-08-04	495.316049382716
2014-08-05	437.041975308642
2014-08-06	420.818518518519
2014-08-07	385.725925925926
2014-08-08	374.091358024691
2014-08-11	357.302469135803
2014-08-12	365.628395061728
2014-08-13	382.669135802469
2014-08-14	416.424691358025
2014-08-15	411.865432098765
2014-08-18	431.955555555556
2014-08-19	504.592592592593
2014-08-20	555.530864197531
2014-08-21	585.388888888889
2014-08-22	599.969135802469
2014-08-25	598.961728395062
2014-08-26	614.879012345679
2014-08-27	658.379012345679
2014-08-28	642.704938271605
2014-08-29	692.508641975309
2014-09-02	691.018518518519
2014-09-03	628.924691358025
2014-09-04	549.769135802469
2014-09-05	543.316049382716
2014-09-08	538.592592592593
2014-09-09	546.504938271605
2014-09-10	575.125925925926
2014-09-11	580.677777777778
2014-09-12	570.801234567901
2014-09-15	538.133333333334
2014-09-16	545.766666666667
2014-09-17	538.556790123457
2014-09-18	547.620987654321
2014-09-19	545.941975308642
2014-09-22	549.865432098766
2014-09-23	506.702469135802
2014-09-24	477.791358024691
2014-09-25	429.027160493827
2014-09-26	407.743209876543
2014-09-29	377.771604938272
2014-09-30	372.671604938272
2014-10-01	354.89012345679
2014-10-02	362.728395061728
2014-10-03	363.867901234568
2014-10-06	358.476543209876
2014-10-07	339.374074074074
2014-10-08	315.306172839506
2014-10-09	280.083950617284
2014-10-10	244.07037037037
2014-10-13	219.235802469136
2014-10-14	201.260493827161
2014-10-15	178.979012345679
2014-10-16	155.177777777778
2014-10-17	151.4
2014-10-20	155.604938271605
2014-10-21	183.648148148148
2014-10-22	209.112345679012
2014-10-23	243.753086419753
2014-10-24	257.255555555556
2014-10-27	256.914814814815
2014-10-28	257.29012345679
2014-10-29	256.030864197531
2014-10-30	251.423456790123
2014-10-31	268.188888888889
2014-11-03	286.437037037037
2014-11-04	277.769135802469
2014-11-05	288.040740740741
2014-11-06	311.607407407407
2014-11-07	316.645679012346
2014-11-10	328.492592592593
2014-11-11	350.772839506173
2014-11-12	371.728395061728
2014-11-13	377.377777777778
2014-11-14	383.308641975309
2014-11-17	382.559259259259
2014-11-18	409.645679012346
2014-11-19	412.949382716049
2014-11-20	425.512345679012
2014-11-21	451.997530864198
2014-11-24	472.98024691358
2014-11-25	459.003703703704
2014-11-26	468.787654320988
2014-11-28	471.590767579173
2014-12-01	439.97718733226
2014-12-02	429.004347826087
2014-12-03	424.926570048309
2014-12-04	402.969779924852
2014-12-05	400.662962962963
2014-12-08	419.701234567901
2014-12-09	403.8
2014-12-10	367.885185185185
2014-12-11	349.7
2014-12-12	301.37037037037
2014-12-15	249.02962962963
2014-12-16	215.807407407407
2014-12-17	197.895061728395
2014-12-18	195.208641975309
2014-12-19	203.19012345679
2014-12-22	209.103703703704
2014-12-23	224.376543209877
2014-12-24	230.322410091251
2014-12-26	226.260681696189
2014-12-29	231.318706387547
2014-12-30	238.256977992485
2014-12-31	230.550805152979
2015-01-02	223.874074074074
2015-01-05	219.912345679012
2015-01-06	199.816049382716
2015-01-07	181.785185185185
2015-01-08	197.614814814815
2015-01-09	204.504938271605
2015-01-12	192.943209876543
2015-01-13	193.348148148148
2015-01-14	190.669135802469
2015-01-15	159.614814814815
2015-01-16	152.945679012346
2015-01-20	156.024691358025
2015-01-21	155.103703703704
2015-01-22	161.220987654321
2015-01-23	176.171604938272
2015-01-26	181.785185185185
2015-01-27	184.583950617284
2015-01-28	184.572839506173
2015-01-29	180.785185185185
2015-01-30	179.104938271605
2015-02-02	170.07037037037
2015-02-03	164.92962962963
2015-02-04	166.4
2015-02-05	176.67037037037
2015-02-06	179.99012345679
2015-02-09	189.197530864198
2015-02-10	202.453086419753
2015-02-11	208.730864197531
2015-02-12	218.966666666667
2015-02-13	235.538271604938
2015-02-17	257.432098765432
2015-02-18	271.518518518519
2015-02-19	302.354320987654
2015-02-20	314.60987654321
2015-02-23	326.735802469136
2015-02-24	342.545679012346
2015-02-25	359.502469135802
2015-02-26	361.106172839506
2015-02-27	375.81975308642
2015-03-02	397.495061728395
2015-03-03	400.540740740741
2015-03-04	398.641975308642
2015-03-05	402.433333333333
2015-03-06	381.295061728395
2015-03-09	365.174074074074
2015-03-10	347.520987654321
2015-03-11	338.169135802469
2015-03-12	324.913580246914
2015-03-13	309.885185185185
2015-03-16	298.845679012346
2015-03-17	292.954320987654
2015-03-18	275.340740740741
2015-03-19	265.754320987654
2015-03-20	296.2
2015-03-23	302.01975308642
2015-03-24	307.348148148148
2015-03-25	314.243209876543
2015-03-26	308.182716049383
2015-03-27	279.743209876543
2015-03-30	274.238271604938
2015-03-31	268.944444444444
2015-04-01	259.593827160494
2015-04-02	265.327160493827
2015-04-06	278.133333333333
2015-04-07	271.365432098765
2015-04-08	266.293827160494
2015-04-09	272.781481481481
2015-04-10	280.798765432099
2015-04-13	283.358024691358
2015-04-14	279.816049382716
2015-04-15	290.862962962963
2015-04-16	298.423456790123
2015-04-17	288.806172839506
2015-04-20	292.913580246914
2015-04-21	298.146913580247
2015-04-22	291.122222222222
2015-04-23	292.704938271605
2015-04-24	303.098765432099
2015-04-27	294.823456790123
2015-04-28	293.837037037037
2015-04-29	279.661728395062
2015-04-30	265.9
2015-05-01	253.906172839506
2015-05-04	256.855555555556
2015-05-05	249.714814814815
2015-05-06	257.776543209877
2015-05-07	261.159259259259
2015-05-08	278.28024691358
2015-05-11	276.861728395062
2015-05-12	271.69012345679
2015-05-13	273.979012345679
2015-05-14	292.849382716049
2015-05-15	289.092592592593
2015-05-18	305.535802469136
2015-05-19	325.651851851852
2015-05-20	331.601234567901
2015-05-21	331.541975308642
2015-05-22	330.203703703704
2015-05-26	326.759259259259
2015-05-27	334.038271604938
2015-05-28	339.01975308642
2015-05-29	337.562962962963
2015-06-01	333.204938271605
2015-06-02	318.749382716049
2015-06-03	303.607407407407
2015-06-04	288.630864197531
2015-06-05	266.049382716049
2015-06-08	262.827160493827
2015-06-09	253.824691358025
2015-06-10	262.603703703704
2015-06-11	270.477777777778
2015-06-12	269.571604938272
2015-06-15	259.153086419753
2015-06-16	269.698765432099
2015-06-17	248.082716049383
2015-06-18	260.650617283951
2015-06-19	280.198765432099
2015-06-22	290.281481481482
2015-06-23	297.914814814815
2015-06-24	309.288888888889
2015-06-25	301.902469135803
2015-06-26	290.241975308642
2015-06-29	293.714814814815
2015-06-30	271.533333333333
2015-07-01	266.030864197531
2015-07-02	262.979012345679
2015-07-06	258.286419753086
2015-07-07	239.559259259259
2015-07-08	234.10987654321
2015-07-09	229.696296296296
2015-07-10	227.225925925926
2015-07-13	246.524691358025
2015-07-14	282.496296296296
2015-07-15	311.267901234568
2015-07-16	349.53950617284
2015-07-17	374.374074074074
2015-07-20	383.988888888889
2015-07-21	378.907407407407
2015-07-22	386.665432098765
2015-07-23	374.317283950617
2015-07-24	364.587654320988
2015-07-27	343.892592592593
2015-07-28	346.13950617284
2015-07-29	328.033333333333
2015-07-30	318.096296296296
2015-07-31	312.061728395062
2015-08-03	318.297530864198
2015-08-04	299.340740740741
2015-08-05	299.197530864198
2015-08-06	301.897530864198
2015-08-07	289.928395061728
2015-08-10	304.248148148148
2015-08-11	305.232098765432
2015-08-12	303.965432098766
2015-08-13	292.824691358025
2015-08-14	301.802469135802
2015-08-17	288.772839506173
2015-08-18	294.991358024691
2015-08-19	292.633333333333
2015-08-20	286.560493827161
2015-08-21	261.559259259259
2015-08-24	208.28024691358
2015-08-25	160.276543209877
2015-08-26	119.365432098765
2015-08-27	94.7012345679012
2015-08-28	80.0543209876543
2015-08-31	95.0283950617284
2015-09-01	98.3259259259259
2015-09-02	111.286419753086
2015-09-03	114.588888888889
2015-09-04	118.214814814815
2015-09-08	123.669135802469
2015-09-09	137.006172839506
2015-09-10	128.712345679012
2015-09-11	125.430864197531
2015-09-14	128.606172839506
2015-09-15	131.925925925926
2015-09-16	136.58024691358
2015-09-17	147.459259259259
2015-09-18	155.775308641975
2015-09-21	162.002469135803
2015-09-22	161.496296296296
2015-09-23	155.144444444444
2015-09-24	157.928395061728
2015-09-25	160.901234567901
2015-09-28	159.560493827161
2015-09-29	151.349382716049
2015-09-30	155.867901234568
2015-10-01	152.966666666667
2015-10-02	147.377777777778
2015-10-05	158.132098765432
2015-10-06	167.350617283951
2015-10-07	167.106172839506
2015-10-08	171.882716049383
2015-10-09	182.38024691358
2015-10-12	187.667901234568
2015-10-13	198.875308641975
2015-10-14	207.930864197531
2015-10-15	221.232098765432
2015-10-16	230.418518518519
2015-10-19	235.658024691358
2015-10-20	239.506172839506
2015-10-21	248.413580246914
2015-10-22	256.397530864198
2015-10-23	254.464197530864
2015-10-26	254.667901234568
2015-10-27	256.085185185185
2015-10-28	253.260493827161
2015-10-29	255.664197530864
2015-10-30	267.917283950617
2015-11-02	277.22962962963
2015-11-03	285.433333333333
2015-11-04	283.533333333333
2015-11-05	279.518518518519
2015-11-06	261.47037037037
2015-11-09	253.059259259259
2015-11-10	236.381481481482
2015-11-11	237.750617283951
2015-11-12	227.12962962963
2015-11-13	236.528395061728
2015-11-16	221.023456790123
2015-11-17	217.988888888889
2015-11-18	209.240740740741
2015-11-19	211.586419753086
2015-11-20	220.959259259259
2015-11-23	232.838271604938
2015-11-24	241.882716049383
2015-11-25	247.427160493827
2015-11-27	246.202388620505
2015-11-30	243.709796027912
2015-12-01	253.362882447665
2015-12-02	252.232018250134
2015-12-03	250.709796027912
2015-12-04	248.561728395062
2015-12-07	232.171604938272
2015-12-08	207.995061728395
2015-12-09	189.793827160494
2015-12-10	171.844444444444
2015-12-11	156.885185185185
2015-12-14	134.116049382716
2015-12-15	124.369135802469
2015-12-16	115.764197530864
2015-12-17	116.218518518519
2015-12-18	115.093827160494
2015-12-21	123.555555555556
2015-12-22	124.362962962963
2015-12-23	137.508641975309
2015-12-24	140.013150831991
2015-12-28	146.829200214707
2015-12-29	161.30203972088
2015-12-30	169.377348362856
2015-12-31	160.299570585078
2016-01-04	162.413580246914
2016-01-05	160.714814814815
2016-01-06	150.781481481481
2016-01-07	145.350617283951
2016-01-08	147.297530864198
2016-01-11	139.623456790123
2016-01-12	134.658024691358
2016-01-13	126.662962962963
2016-01-14	121.086419753086
2016-01-15	115.346913580247
2016-01-19	113.598765432099
2016-01-20	109.043209876543
2016-01-21	100.803703703704
2016-01-22	105.133333333333
2016-01-25	108.638271604938
2016-01-26	112.16049382716
2016-01-27	114.117283950617
2016-01-28	119.511111111111
2016-01-29	128.674074074074
2016-02-01	132.167901234568
2016-02-02	141.662962962963
2016-02-03	139.448148148148
2016-02-04	137.791358024691
2016-02-05	121.171604938272
2016-02-08	115.745679012346
2016-02-09	101.303703703704
2016-02-10	98.9345679012346
2016-02-11	97.0876543209877
2016-02-12	101.645679012346
2016-02-16	105.825925925926
2016-02-17	126.52962962963
2016-02-18	139.651851851852
2016-02-19	155.902469135802
2016-02-22	178.966666666667
2016-02-23	190.186419753086
2016-02-24	181.387654320988
2016-02-25	190.354320987654
2016-02-26	194.255555555556
2016-02-29	181.754320987654
2016-03-01	187.393827160494
2016-03-02	199.017283950617
2016-03-03	206.423456790123
2016-03-04	221.193827160494
2016-03-07	229.643209876543
2016-03-08	221.151851851852
2016-03-09	214.258024691358
2016-03-10	189.444444444444
2016-03-11	176.735802469136
2016-03-14	179.245679012346
2016-03-15	196.465432098765
2016-03-16	203.186419753086
2016-03-17	237.128395061728
2016-03-18	254.320987654321
2016-03-21	263.320987654321
2016-03-22	266.391358024691
2016-03-23	277.118518518519
2016-03-24	284.1
2016-03-28	278.204938271605
2016-03-29	282.004938271605
2016-03-30	294.201234567901
2016-03-31	314.172839506173
2016-04-01	314.16049382716
2016-04-04	330.708641975309
2016-04-05	325.2
2016-04-06	321.987654320988
2016-04-07	310.93950617284
2016-04-08	311.313580246914
2016-04-11	301.934567901235
2016-04-12	305.513580246914
2016-04-13	299.774074074074
2016-04-14	305.098765432099
2016-04-15	316.718518518519
2016-04-18	330.27037037037
2016-04-19	339.538271604938
2016-04-20	349.288888888889
2016-04-21	337.038271604938
2016-04-22	319.135802469136
2016-04-25	309.266666666667
2016-04-26	306.671604938272
2016-04-27	287.343209876543
2016-04-28	296.053086419753
2016-04-29	295.283950617284
2016-05-02	286.722222222222
2016-05-03	279.151851851852
2016-05-04	278.98024691358
2016-05-05	265.612345679012
2016-05-06	262.567901234568
2016-05-09	268.879012345679
2016-05-10	285.751851851852
2016-05-11	305.228395061728
2016-05-12	314.227160493827
2016-05-13	312.755555555556
2016-05-16	329.791358024691
2016-05-17	314.733333333333
2016-05-18	295.643209876543
2016-05-19	283.850617283951
2016-05-20	300.781481481482
2016-05-23	290.555555555556
2016-05-24	313.902469135802
2016-05-25	339.69012345679
2016-05-26	366.385185185185
2016-05-27	374.30987654321
2016-05-31	385.335802469136
2016-06-01	369.464197530864
2016-06-02	365.644444444444
2016-06-03	356.175308641975
2016-06-06	356.5
2016-06-07	372.413580246914
2016-06-08	392.876543209877
2016-06-09	394.492592592593
2016-06-10	396.146913580247
2016-06-13	378.077777777778
2016-06-14	345.592592592593
2016-06-15	308.327160493827
2016-06-16	288.587654320988
2016-06-17	273.064197530864
2016-06-20	277.058024691358
2016-06-21	274.308641975309
2016-06-22	277.192592592593
2016-06-23	268.976543209877
2016-06-24	239.965432098765
2016-06-27	210.991358024691
2016-06-28	204.01975308642
2016-06-29	221.071604938272
2016-06-30	234.353086419753
2016-07-01	276.312345679012
2016-07-05	298.461728395062
2016-07-06	296.364197530864
2016-07-07	281.585185185185
2016-07-08	293.883950617284
2016-07-11	311.301234567901
2016-07-12	354.971604938272
2016-07-13	396.720987654321
2016-07-14	425.783950617284
2016-07-15	436.827160493827
2016-07-18	446.671604938272
2016-07-19	432.177777777778
2016-07-20	449.027160493827
2016-07-21	463.13950617284
2016-07-22	502.461728395062
2016-07-25	530.528395061728
2016-07-26	549.979012345679
2016-07-27	520.179012345679
2016-07-28	513.017283950617
2016-07-29	488.324691358025
2016-08-01	456.987654320988
2016-08-02	430.802469135802
2016-08-03	439.840740740741
2016-08-04	442.014814814815
2016-08-05	464.414814814815
2016-08-08	496.995061728395
2016-08-09	550.235802469136
2016-08-10	580.117283950617
2016-08-11	608.304938271605
2016-08-12	604.802469135803
2016-08-15	623.206172839506
2016-08-16	612.582716049383
2016-08-17	607.19012345679
2016-08-18	599.607407407407
2016-08-19	599.888888888889
2016-08-22	574.63950617284
2016-08-23	569.753086419753
2016-08-24	571.302469135803
2016-08-25	558.776543209877
2016-08-26	512.80987654321
2016-08-29	517.58024691358
2016-08-30	499.428395061728
2016-08-31	488.271604938272
2016-09-01	465.116049382716
2016-09-02	474.766666666667
2016-09-06	455.33950617284
2016-09-07	467.928395061728
2016-09-08	447.086419753086
2016-09-09	413.986419753086
2016-09-12	380.982716049383
2016-09-13	328.241975308642
2016-09-14	264.069135802469
2016-09-15	244.777777777778
2016-09-16	260.925925925926
2016-09-19	287.501234567901
2016-09-20	311.395061728395
2016-09-21	318.334567901235
2016-09-22	340.117283950617
2016-09-23	368.38024691358
2016-09-26	372.311111111111
2016-09-27	376.037037037037
2016-09-28	391.365432098765
2016-09-29	363.367901234568
2016-09-30	343.903703703704
2016-10-03	332.675308641975
2016-10-04	310.255555555556
2016-10-05	313.544444444444
2016-10-06	331.576543209877
2016-10-07	320.895061728395
2016-10-10	334.345679012346
2016-10-11	354.935802469136
2016-10-12	337.734567901235
2016-10-13	329.523456790124
2016-10-14	334.001234567901
2016-10-17	313.464197530864
2016-10-18	314.761728395062
2016-10-19	343.018518518519
2016-10-20	350.487654320988
2016-10-21	377.964197530864
2016-10-24	407.60987654321
2016-10-25	414.471604938272
2016-10-26	412.635802469136
2016-10-27	407.620987654321
2016-10-28	374.932098765432
2016-10-31	364.195061728395
2016-11-01	350.471604938272
2016-11-02	319.491358024691
2016-11-03	316.876543209877
2016-11-04	320.697530864198
2016-11-07	335.486419753086
2016-11-08	335.361728395062
2016-11-09	313.651851851852
2016-11-10	281.132098765432
2016-11-11	257.025925925926
2016-11-14	205.460493827161
2016-11-15	205.449382716049
2016-11-16	246.185185185185
2016-11-17	290.177777777778
2016-11-18	336.317283950617
2016-11-21	392.656790123457
2016-11-22	422.196296296296
2016-11-23	431.118518518519
2016-11-25	436.556038647343
2016-11-28	436.90295222759
2016-11-29	445.506655931294
2016-11-30	438.956038647343
2016-12-01	447.62270531401
2016-12-02	456.897530864198
2016-12-05	464.116049382716
2016-12-06	480.127160493827
2016-12-07	491.498765432099
2016-12-08	482.395061728395
2016-12-09	464.982716049383
2016-12-12	449.675308641975
2016-12-13	412.354320987654
2016-12-14	366.72962962963
2016-12-15	333.19012345679
2016-12-16	318.187654320988
2016-12-19	304.017283950617
2016-12-20	300.235802469136
2016-12-21	345.040740740741
2016-12-22	397.787654320988
2016-12-23	418.283950617284
2016-12-27	462.186419753086
2016-12-28	455.574074074074
2016-12-29	432.313580246914
2016-12-30	385.608641975309
2017-01-03	383.881481481482
2017-01-04	379.222222222222
2017-01-05	395.324691358025
2017-01-06	417.185185185185
2017-01-09	464.612345679012
2017-01-10	486.446913580247
2017-01-11	455.379012345679
2017-01-12	445.374074074074
2017-01-13	436.791358024691
2017-01-17	427.356790123457
2017-01-18	406.818518518519
2017-01-19	425.008641975309
2017-01-20	423.479012345679
2017-01-23	419.248148148148
2017-01-24	436.82962962963
2017-01-25	465.83950617284
2017-01-26	470.217283950617
2017-01-27	504.735802469136
2017-01-30	525.967901234568
2017-01-31	515.153086419753
2017-02-01	484.953086419753
2017-02-02	483.604938271605
2017-02-03	473.749382716049
2017-02-06	475.71975308642
2017-02-07	494.688888888889
2017-02-08	524.333333333333
2017-02-09	558.712345679012
2017-02-10	585.86049382716
2017-02-13	613.891358024691
2017-02-14	610.865432098766
2017-02-15	633.801234567901
2017-02-16	611.796296296296
2017-02-17	597.956790123457
2017-02-21	589.430864197531
2017-02-22	584.328395061728
2017-02-23	558.522222222222
2017-02-24	558.724691358025
2017-02-27	519.361728395062
2017-02-28	507.686419753086
2017-03-01	521.637037037037
2017-03-02	525.641975308642
2017-03-03	505.386419753086
2017-03-06	536.655555555556
2017-03-07	517.532098765432
2017-03-08	474.748148148148
2017-03-09	439.522222222222
2017-03-10	420.755555555556
2017-03-13	393.091358024691
2017-03-14	375.043209876543
2017-03-15	372.374074074074
2017-03-16	385.988888888889
2017-03-17	425.42962962963
2017-03-20	452.020987654321
2017-03-21	428.045679012346
2017-03-22	413.211111111111
2017-03-23	380.456790123457
2017-03-24	322.762962962963
2017-03-27	271.658024691358
2017-03-28	288.791358024691
2017-03-29	303.61975308642
2017-03-30	336.469135802469
2017-03-31	383.391358024691
2017-04-03	396.251851851852
2017-04-04	400.624691358025
2017-04-05	397.513580246914
2017-04-06	375.020987654321
2017-04-07	338.359259259259
2017-04-10	338.197530864198
2017-04-11	313.60987654321
2017-04-12	291.569135802469
2017-04-13	280.574074074074
2017-04-17	286.864197530864
2017-04-18	275.159259259259
2017-04-19	288.885185185185
2017-04-20	313.145679012346
2017-04-21	328.591358024691
2017-04-24	346.602469135803
2017-04-25	373.549382716049
2017-04-26	367.779012345679
2017-04-27	362.174074074074
2017-04-28	376.744444444444
2017-05-01	366.316049382716
2017-05-02	366.356790123457
2017-05-03	368.455555555556
2017-05-04	369.745679012346
2017-05-05	361.572839506173
2017-05-08	381.756790123457
2017-05-09	392.059259259259
2017-05-10	428.724691358025
2017-05-11	447.097530864198
2017-05-12	462.560493827161
2017-05-15	480.524691358025
2017-05-16	481.667901234568
2017-05-17	441.704938271605
2017-05-18	413.746913580247
2017-05-19	408.637037037037
2017-05-22	394.320987654321
2017-05-23	390.404938271605
2017-05-24	425.974074074074
2017-05-25	455.783950617284
2017-05-26	470.312345679012
2017-05-30	479.47037037037
2017-05-31	472.245679012346
2017-06-01	470.098765432099
2017-06-02	480.20987654321
2017-06-05	479.228395061728
2017-06-06	466.324691358025
2017-06-07	456.617283950617
2017-06-08	421.960493827161
2017-06-09	363.303703703704
2017-06-12	312.951851851852
2017-06-13	299.706172839506
2017-06-14	271.654320987654
2017-06-15	277.360493827161
2017-06-16	313.659259259259
2017-06-19	365.02962962963
2017-06-20	382.187654320988
2017-06-21	406.728395061728
2017-06-22	419.16049382716
2017-06-23	440.328395061728
2017-06-26	424.417283950617
2017-06-27	404.953086419753
2017-06-28	414.483950617284
2017-06-29	390.561728395062
2017-06-30	351.324691358025
2017-07-03	315.789533011272
2017-07-05	299.63768115942
2017-07-06	280.190767579173
2017-07-07	304.136446591519
2017-07-10	321.051261406334
2017-07-11	341.4
2017-07-12	349.972839506173
2017-07-13	377.079012345679
2017-07-14	395.192592592593
2017-07-17	409.845679012346
2017-07-18	427.32962962963
2017-07-19	458.618518518519
2017-07-20	453.225925925926
2017-07-21	456.296296296296
2017-07-24	469.092592592593
2017-07-25	487.803703703704
2017-07-26	477.09012345679
2017-07-27	466.397530864198
2017-07-28	448.028395061728
2017-07-31	445.940740740741
2017-08-01	433.808641975309
2017-08-02	436.906172839506
2017-08-03	454.214814814815
2017-08-04	470.485185185185
2017-08-07	489.892592592593
2017-08-08	505.356790123457
2017-08-09	486.7
2017-08-10	460.501234567901
2017-08-11	428.1
2017-08-14	400.402469135803
2017-08-15	370.067901234568
2017-08-16	370.166666666667
2017-08-17	364.603703703704
2017-08-18	364.2
2017-08-21	343.603703703704
2017-08-22	358.458024691358
2017-08-23	354.39012345679
2017-08-24	358.446913580247
2017-08-25	354.758024691358
2017-08-28	351.817283950617
2017-08-29	329.277777777778
2017-08-30	340.887654320988
2017-08-31	376.985185185185
2017-09-01	399.792592592593
2017-09-05	395.23950617284
2017-09-06	397.656790123457
2017-09-07	378.39012345679
2017-09-08	335.111111111111
2017-09-11	336.083950617284
2017-09-12	348.438271604938
2017-09-13	363.80987654321
2017-09-14	391.453086419753
2017-09-15	444.583950617284
2017-09-18	470.664197530864
2017-09-19	504.354320987654
2017-09-20	504.132098765432
2017-09-21	512.486419753086
2017-09-22	511.716049382716
2017-09-25	492.366666666667
2017-09-26	473.718518518519
2017-09-27	495.696296296296
2017-09-28	502.18024691358
2017-09-29	513.486419753086
2017-10-02	532.772839506173
2017-10-03	562.765432098766
2017-10-04	567.085185185185
2017-10-05	591.359259259259
2017-10-06	583.664197530864
2017-10-09	572.627160493827
2017-10-10	548.544444444445
2017-10-11	544.60987654321
2017-10-12	547.953086419753
2017-10-13	554.301234567901
2017-10-16	573.625925925926
2017-10-17	596.733333333333
2017-10-18	619.00987654321
2017-10-19	589.727160493827
2017-10-20	597.520987654321
2017-10-23	589.311111111111
2017-10-24	576.332098765432
2017-10-25	534.39012345679
2017-10-26	511.879012345679
2017-10-27	486.541975308642
2017-10-30	465.698765432099
2017-10-31	461.60987654321
2017-11-01	453.272839506173
2017-11-02	440.946913580247
2017-11-03	438.840740740741
2017-11-06	447.98024691358
2017-11-07	425.724691358025
2017-11-08	441.244444444444
2017-11-09	440.506172839506
2017-11-10	409.003703703704
2017-11-13	402.979012345679
2017-11-14	395.856790123457
2017-11-15	368.044444444444
2017-11-16	402.154320987654
2017-11-17	408.388888888889
2017-11-20	398.382716049383
2017-11-21	418.724691358025
2017-11-22	421.225925925926
2017-11-24	390.173617820719
2017-11-27	411.099543746645
2017-11-28	420.629173376275
2017-11-29	388.703247450349
2017-11-30	389.341519055287
2017-12-01	351.630864197531
2017-12-04	306.037037037037
2017-12-05	258.669135802469
2017-12-06	240.511111111111
2017-12-07	219.579012345679
2017-12-08	242.424691358025
2017-12-11	261.413580246914
2017-12-12	282.766666666667
2017-12-13	297.083950617284
2017-12-14	309.335802469136
2017-12-15	319.267901234568
2017-12-18	321.283950617284
2017-12-19	316.177777777778
2017-12-20	305.732098765432
2017-12-21	309.060493827161
2017-12-22	299.011111111111
2017-12-26	278.735802469136
2017-12-27	280.550617283951
2017-12-28	300.816049382716
2017-12-29	297.072839506173
2018-01-02	305.143209876543
2018-01-03	333.823456790124
2018-01-04	354.532098765432
2018-01-05	358.488888888889
2018-01-08	370.327160493827
2018-01-09	377.651851851852
2018-01-10	356.025925925926
2018-01-11	343.344444444444
2018-01-12	342.803703703704
2018-01-16	317.246913580247
2018-01-17	298.906172839506
2018-01-18	284.125925925926
2018-01-19	263.604938271605
2018-01-22	245.503703703704
2018-01-23	235.586419753086
2018-01-24	214.602469135802
2018-01-25	201.288888888889
2018-01-26	196.859259259259
2018-01-29	172.283950617284
2018-01-30	157.798765432099
2018-01-31	159.630864197531
2018-02-01	156.618518518519
2018-02-02	133.504938271605
2018-02-05	117.830864197531
2018-02-06	97.904938271605
2018-02-07	75.158024691358
2018-02-08	57.604938271605
2018-02-09	41.8222222222222
2018-02-12	37.7506172839506
2018-02-13	44.6185185185185
2018-02-14	48.2913580246914
2018-02-15	58.3506172839506
2018-02-16	68.4802469135803
2018-02-20	71.0938271604938
2018-02-21	73.9061728395062
2018-02-22	73.5037037037037
2018-02-23	76.3691358024692
2018-02-26	85.3259259259259
2018-02-27	85.8641975308642
2018-02-28	87.2432098765432
2018-03-01	85.3827160493827
2018-03-02	78.4913580246914
2018-03-05	71.5234567901235
2018-03-06	72.8975308641975
2018-03-07	72.9641975308642
2018-03-08	79.6827160493827
2018-03-09	84.0604938271605
2018-03-12	81.2888888888889
2018-03-13	85.5555555555556
2018-03-14	87.0543209876543
2018-03-15	88.8296296296296
2018-03-16	94.9851851851852
2018-03-19	103.516049382716
2018-03-20	104.334567901235
2018-03-21	103.330864197531
2018-03-22	98.9703703703704
2018-03-23	88.5506172839506
2018-03-26	80.9333333333333
2018-03-27	73.4111111111111
2018-03-28	65.4234567901235
2018-03-29	64.5123456790124
2018-04-02	62.4679012345679
2018-04-03	58.5938271604938
2018-04-04	58.7641975308642
2018-04-05	65.1567901234568
2018-04-06	61.1938271604938
2018-04-09	68.6271604938272
2018-04-10	71.8777777777778
2018-04-11	74.4296296296297
2018-04-12	75.9148148148148
2018-04-13	82.9024691358025
2018-04-16	84.9679012345679
2018-04-17	94.9938271604938
2018-04-18	102.867901234568
2018-04-19	109.482716049383
2018-04-20	116.165432098765
2018-04-23	118.22962962963
2018-04-24	114.028395061728
2018-04-25	109.093827160494
2018-04-26	108.49012345679
2018-04-27	103.017283950617
2018-04-30	104.824691358025
2018-05-01	106.661728395062
2018-05-02	109.597530864198
2018-05-03	103.032098765432
2018-05-04	118.817283950617
2018-05-07	122.043209876543
2018-05-08	119.366666666667
2018-05-09	126.934567901235
2018-05-10	142.081481481482
2018-05-11	137.137037037037
2018-05-14	138.753086419753
2018-05-15	137.838271604938
2018-05-16	140.10987654321
2018-05-17	132.848148148148
2018-05-18	129.412345679012
2018-05-21	128.461728395062
2018-05-22	139.802469135802
2018-05-23	134.917283950617
2018-05-24	135.674074074074
2018-05-25	132.520987654321
2018-05-29	125.124691358025
2018-05-30	129.188888888889
2018-05-31	127.260493827161
2018-06-01	131.254320987654
2018-06-04	139.271604938272
2018-06-05	153.166666666667
2018-06-06	159.798765432099
2018-06-07	162.072839506173
2018-06-08	153.559259259259
2018-06-11	152.018518518519
2018-06-12	147.897530864198
2018-06-13	134.813580246914
2018-06-14	142.846913580247
2018-06-15	151.274074074074
2018-06-18	157.512345679012
2018-06-19	156.461728395062
2018-06-20	161.601234567901
2018-06-21	156.023456790123
2018-06-22	162.081481481482
2018-06-25	151.022222222222
2018-06-26	149.161728395062
2018-06-27	138.37037037037
2018-06-28	127.485185185185
2018-06-29	117.435802469136
2018-07-02	117.395061728395
2018-07-03	108.158990874933
2018-07-05	108.947879763822
2018-07-06	125.181213097155
2018-07-09	139.873805689748
2018-07-10	144.235534084809
2018-07-11	150.255555555556
2018-07-12	155.504938271605
2018-07-13	154.208641975309
2018-07-16	146.818518518519
2018-07-17	155.08024691358
2018-07-18	167.977777777778
2018-07-19	170.320987654321
2018-07-20	168.283950617284
2018-07-23	170.812345679012
2018-07-24	167.077777777778
2018-07-25	163.376543209877
2018-07-26	161.114814814815
2018-07-27	156.174074074074
2018-07-30	151.723456790123
2018-07-31	147.13950617284
2018-08-01	145.072839506173
2018-08-02	152.802469135803
2018-08-03	163.518518518519
2018-08-06	178.925925925926
2018-08-07	195.574074074074
2018-08-08	211.4
2018-08-09	221.655555555556
2018-08-10	219.99012345679
2018-08-13	207.30987654321
2018-08-14	201.743209876543
2018-08-15	185.033333333333
2018-08-16	183.2
2018-08-17	182.398765432099
2018-08-20	196.877777777778
2018-08-21	202.867901234568
2018-08-22	213.546913580247
2018-08-23	208.385185185185
2018-08-24	221.007407407407
2018-08-27	224.11975308642
2018-08-28	220.414814814815
2018-08-29	227.318518518519
2018-08-30	225.677777777778
2018-08-31	217.111111111111
2018-09-04	202.055555555556
2018-09-05	191.723456790123
2018-09-06	171.613580246914
2018-09-07	164.00987654321
2018-09-10	162.658024691358
2018-09-11	168.783950617284
2018-09-12	170.195061728395
2018-09-13	179.83950617284
2018-09-14	177.913580246914
2018-09-17	179.724691358025
2018-09-18	181.465432098765
2018-09-19	186.983950617284
2018-09-20	197.90987654321
2018-09-21	215.982716049383
2018-09-24	219.998765432099
2018-09-25	228.095061728395
2018-09-26	235.69012345679
2018-09-27	235.755555555556
2018-09-28	232.462962962963
2018-10-01	238.883950617284
2018-10-02	232.492592592593
2018-10-03	229.39012345679
2018-10-04	212.143209876543
2018-10-05	194.976543209877
2018-10-08	174.811111111111
2018-10-09	158.766666666667
2018-10-10	136.077777777778
2018-10-11	112.881481481481
2018-10-12	96.1024691358025
2018-10-15	80.6037037037037
2018-10-16	73.683950617284
2018-10-17	70.4617283950617
2018-10-18	75.3197530864198
2018-10-19	79.6506172839506
2018-10-22	79.7691358024692
2018-10-23	70.8666666666667
2018-10-24	65.0222222222222
2018-10-25	62.4444444444444
2018-10-26	55.0716049382716
2018-10-29	51.2407407407407
2018-10-30	45.5481481481481
2018-10-31	50.0320987654321
2018-11-01	54.1950617283951
2018-11-02	56.9185185185185
2018-11-05	60.5753086419753
2018-11-06	71.5765432098766
2018-11-07	76.8456790123457
2018-11-08	80.9234567901235
2018-11-09	87.2641975308642
2018-11-12	88.9864197530864
2018-11-13	79.841975308642
2018-11-14	69.004938271605
2018-11-15	58.8543209876543
2018-11-16	53.6098765432099
2018-11-19	50.1604938271605
2018-11-20	50.0382716049383
2018-11-21	52.4679012345679
2018-11-23	55.346833064949
2018-11-26	61.6789318303811
2018-11-27	62.7789318303811
2018-11-28	69.4925120772947
2018-11-29	71.4567096081589
2018-11-30	78.1012345679012
2018-12-03	76.8172839506173
2018-12-04	76.3604938271605
2018-12-06	69.5493827160494
2018-12-07	64.3111111111111
2018-12-10	55.1148148148148
2018-12-11	49.5111111111111
2018-12-12	48.6753086419753
2018-12-13	48.1654320987654
2018-12-14	47.183950617284
2018-12-17	47.3049382716049
2018-12-18	47.3308641975309
2018-12-19	45.0604938271605
2018-12-20	42.3827160493827
2018-12-21	39.920987654321
2018-12-24	34.4843800322061
2018-12-26	29.1831454643049
2018-12-27	24.2535158346753
2018-12-28	23.1473429951691
2018-12-31	23.6819108964037
2019-01-02	28.0259259259259
2019-01-03	29.6592592592593
2019-01-04	34.6641975308642
2019-01-07	42.0740740740741
2019-01-08	49.9469135802469
2019-01-09	55.7481481481482
2019-01-10	63.9061728395062
2019-01-11	70.9197530864198
2019-01-14	77.4358024691358
2019-01-15	80.7851851851852
2019-01-16	87.4679012345679
2019-01-17	94.0444444444444
2019-01-18	95.3716049382716
2019-01-22	92.7074074074074
2019-01-23	90.8148148148148
2019-01-24	84.9666666666667
2019-01-25	82.8197530864198
2019-01-28	83.2925925925926
2019-01-29	87.4259259259259
2019-01-30	91.6876543209877
2019-01-31	100.62962962963
2019-02-01	101.575308641975
2019-02-04	107.238271604938
2019-02-05	112.927160493827
2019-02-06	116.696296296296
2019-02-07	113.676543209877
2019-02-08	113.453086419753
2019-02-11	110.040740740741
2019-02-12	115.088888888889
2019-02-13	117.918518518519
2019-02-14	116.955555555556
2019-02-15	120.154320987654
2019-02-19	130.606172839506
2019-02-20	124.932098765432
2019-02-21	122.804938271605
2019-02-22	131.672839506173
2019-02-25	138.524691358025
2019-02-26	134.449382716049
2019-02-27	137.77037037037
2019-02-28	139.243209876543
2019-03-01	145.174074074074
2019-03-04	139.423456790123
2019-03-05	138.443209876543
2019-03-06	135.295061728395
2019-03-07	127.244444444444
2019-03-08	106.09012345679
2019-03-11	116.882716049383
2019-03-12	117.260493827161
2019-03-13	123.002469135802
2019-03-14	131.22962962963
2019-03-15	146.745679012346
2019-03-18	146.406172839506
2019-03-19	149.267901234568
2019-03-20	139.781481481481
2019-03-21	145.992592592593
2019-03-22	135.262962962963
2019-03-25	118.696296296296
2019-03-26	113.066666666667
2019-03-27	110.855555555556
2019-03-28	98.9172839506173
2019-03-29	105.874074074074
2019-04-01	117.065432098765
2019-04-02	123.37037037037
2019-04-03	134.138271604938
2019-04-04	141.159259259259
2019-04-05	152.27037037037
2019-04-08	155.586419753086
2019-04-09	160.920987654321
2019-04-10	163.104938271605
2019-04-11	167.087654320988
2019-04-12	170.686419753086
2019-04-15	183.998765432099
2019-04-16	189.643209876543
2019-04-17	191.772839506173
2019-04-18	199.637037037037
2019-04-22	197.238271604938
2019-04-23	201.460493827161
2019-04-24	203.306172839506
2019-04-25	212.171604938272
2019-04-26	206.453086419753
2019-04-29	212.28024691358
2019-04-30	201.583950617284
2019-05-01	191.983950617284
2019-05-02	175.50987654321
2019-05-03	175.897530864198
2019-05-06	166.364197530864
2019-05-07	147.193827160494
2019-05-08	131.88024691358
2019-05-09	121.824691358025
2019-05-10	104.675308641975
2019-05-13	86.6975308641975
2019-05-14	90.1506172839506
2019-05-15	88.0901234567901
2019-05-16	96.9037037037037
2019-05-17	96.6172839506173
2019-05-20	98.2395061728395
2019-05-21	100.818518518519
2019-05-22	106.551851851852
2019-05-23	99.0271604938272
2019-05-24	102.355555555556
2019-05-28	106.774074074074
2019-05-29	104.330864197531
2019-05-30	107.141975308642
2019-05-31	117.075308641975
2019-06-03	114.301234567901
2019-06-04	119.040740740741
2019-06-05	114.83950617284
2019-06-06	112.376543209877
2019-06-07	112.038271604938
2019-06-10	123.404938271605
2019-06-11	120.279012345679
2019-06-12	127.492592592593
2019-06-13	129.633333333333
2019-06-14	120.750617283951
2019-06-17	121.91975308642
2019-06-18	122.835802469136
2019-06-19	119.850617283951
2019-06-20	121.469135802469
2019-06-21	127.259259259259
2019-06-24	127.771604938272
2019-06-25	130.764197530864
2019-06-26	134.223456790123
2019-06-27	134.127160493827
2019-06-28	141.317283950617
2019-07-01	141.97037037037
2019-07-02	144.33950617284
2019-07-03	149.125281803543
2019-07-05	151.267257112185
2019-07-08	154.47219538379
2019-07-09	159.919108964037
2019-07-10	164.145034889962
2019-07-11	164.91975308642
2019-07-12	179.664197530864
2019-07-15	186.417283950617
2019-07-16	185.374074074074
2019-07-17	188.240740740741
2019-07-18	191.341975308642
2019-07-19	178.230864197531
2019-07-22	170.669135802469
2019-07-23	170.230864197531
2019-07-24	169.733333333333
2019-07-25	162.20987654321
2019-07-26	173.045679012346
2019-07-29	174.095061728395
2019-07-30	175.465432098765
2019-07-31	169.42962962963
2019-08-01	163.79012345679
2019-08-02	138.256790123457
2019-08-05	120.174074074074
2019-08-06	97.5728395061729
2019-08-07	77.4777777777778
2019-08-08	77.0135802469136
2019-08-09	78.3864197530864
2019-08-12	78.8320987654321
2019-08-13	77.3395061728395
2019-08-14	80.7617283950617
2019-08-15	68.2728395061729
2019-08-16	71.7876543209876
2019-08-19	81.041975308642
2019-08-20	91.1728395061728
2019-08-21	101.445679012346
2019-08-22	112.002469135802
2019-08-23	101.656790123457
2019-08-26	88.8135802469136
2019-08-27	82.0654320987654
2019-08-28	76.1802469135803
2019-08-29	77.7061728395062
2019-08-30	88.3049382716049
2019-09-03	90.2703703703704
2019-09-04	101.676543209877
2019-09-05	109.595061728395
2019-09-06	112.127160493827
2019-09-09	123.924691358025
2019-09-10	132.402469135803
2019-09-11	141.145679012346
2019-09-12	134.882716049383
2019-09-13	129.561728395062
2019-09-16	115.028395061728
2019-09-17	112.63950617284
2019-09-18	102.158024691358
2019-09-19	110.883950617284
2019-09-20	117.546913580247
2019-09-23	124.944444444444
2019-09-24	120.30987654321
2019-09-25	115.179012345679
2019-09-26	107.79012345679
2019-09-27	100.898765432099
2019-09-30	101.441975308642
2019-10-01	102.645679012346
2019-10-02	100.859259259259
2019-10-03	94.4888888888889
2019-10-04	99.4592592592593
2019-10-07	91.3654320987654
2019-10-08	87.6123456790123
2019-10-09	86.0987654320988
2019-10-10	86.3172839506173
2019-10-11	76.0172839506173
2019-10-14	76.3950617283951
2019-10-15	88.4641975308642
2019-10-16	96.7604938271605
2019-10-17	105.075308641975
2019-10-18	115.972839506173
2019-10-21	129.074074074074
2019-10-22	129.427160493827
2019-10-23	133.48024691358
2019-10-24	135.892592592593
2019-10-25	145.453086419753
2019-10-28	148.365432098765
2019-10-29	153.345679012346
2019-10-30	149.092592592593
2019-10-31	150.186419753086
2019-11-01	150.543209876543
2019-11-04	155.696296296296
2019-11-05	157.051851851852
2019-11-06	159.553086419753
2019-11-07	165.686419753086
2019-11-08	165.948148148148
2019-11-11	166.386419753086
2019-11-12	166.351851851852
2019-11-13	172.292592592593
2019-11-14	175.846913580247
2019-11-15	191.12962962963
2019-11-18	192.03950617284
2019-11-19	192.807407407407
2019-11-20	187.666666666667
2019-11-21	182.460493827161
2019-11-22	165.228395061728
2019-11-25	174.98024691358
2019-11-26	181.564197530864
2019-11-27	195.092592592593
2019-11-29	201.571926999463
2019-12-02	199.460815888352
2019-12-03	178.416371443908
2019-12-04	174.55834675255
2019-12-05	164.964519592056
2019-12-06	177.88024691358
2019-12-09	193.592592592593
2019-12-10	202.901234567901
2019-12-11	202.986419753086
2019-12-12	194.093827160494
2019-12-13	161.122222222222
2019-12-16	161.424691358025
2019-12-17	166.140740740741
2019-12-18	169.72962962963
2019-12-19	195.393827160494
2019-12-20	222.816049382716
2019-12-23	219.769135802469
2019-12-24	208.280032206119
2019-12-26	207.813365539453
2019-12-27	193.417069243156
2019-12-30	181.334353193774
2019-12-31	171.05040257649
2020-01-02	178.895061728395
2020-01-03	165.234567901235
2020-01-06	163.427160493827
2020-01-07	160.998765432099
2020-01-08	156.916049382716
2020-01-09	151.543209876543
2020-01-10	159.755555555556
2020-01-13	160.416049382716
2020-01-14	162.771604938272
2020-01-15	166.533333333333
2020-01-16	177.144444444444
2020-01-17	183.661728395062
2020-01-21	188.002469135802
2020-01-22	196.26049382716
2020-01-23	199.667901234568
2020-01-24	183.407407407407
2020-01-27	165.316049382716
2020-01-28	158.837037037037
2020-01-29	147.274074074074
2020-01-30	131.897530864198
2020-01-31	128.911111111111
2020-02-03	130.41975308642
2020-02-04	130.497530864198
2020-02-05	126.514814814815
2020-02-06	134.933333333333
2020-02-07	134.6
2020-02-10	141.924691358025
2020-02-11	142.548148148148
2020-02-12	152.156790123457
2020-02-13	152.767901234568
2020-02-14	160.204938271605
2020-02-18	162.344444444444
2020-02-19	170.186419753086
2020-02-20	161.275308641975
2020-02-21	153
2020-02-24	135.258024691358
2020-02-25	108.738271604938
2020-02-26	75.7037037037037
2020-02-27	54.2061728395062
2020-02-28	35.2814814814815
2020-03-02	24.8111111111111
2020-03-03	19.4037037037037
2020-03-04	18.3691358024691
2020-03-05	18.4074074074074
2020-03-06	18.7259259259259
2020-03-09	22.0038461538462
2020-03-10	21.6840930674264
2020-03-11	18.9273029439696
2020-03-12	28.6235992402659
2020-03-13	27.1322412155746
2020-03-16	37.1259259259259
2020-03-17	36.220987654321
2020-03-18	35.3904828879512
2020-03-19	22.8065322706673
2020-03-20	22.6559149867167
2020-03-23	7.49542115955618
2020-03-24	8.60529770276606
2020-03-25	11.3135802469136
2020-03-26	11.5641975308642
2020-03-27	12.3246913580247
2020-03-30	12.9938271604938
2020-03-31	13.9037037037037
2020-04-01	13.5271604938272
2020-04-02	14.6469135802469
2020-04-03	16.5864197530864
2020-04-06	20.1345679012346
2020-04-07	20.2234567901235
2020-04-08	20.8296296296296
2020-04-09	22.3641975308642
2020-04-13	22.7197530864198
2020-04-14	23.2382716049383
2020-04-15	26.0913580246914
2020-04-16	27.1975308641975
2020-04-17	30.2555555555556
2020-04-20	32.4185185185185
2020-04-21	31.2
2020-04-22	32.1061728395062
2020-04-23	32.8086419753087
2020-04-24	33.0012345679012
2020-04-27	37.2061728395062
2020-04-28	39.8641975308642
2020-04-29	41.4987654320988
2020-04-30	42.4333333333333
2020-05-01	43.7851851851852
2020-05-04	42.1888888888889
2020-05-05	46.5358024691358
2020-05-06	46.4913580246914
2020-05-07	50.2728395061729
2020-05-08	55.8777777777778
2020-05-11	60.7888888888889
2020-05-12	60.9
2020-05-13	60.7407407407407
2020-05-14	57.7456790123457
2020-05-15	50.3604938271605
2020-05-18	50.5024691358025
2020-05-19	47.7716049382716
2020-05-20	52.1753086419753
2020-05-21	55.4345679012346
2020-05-22	60.958024691358
2020-05-26	62.4901234567901
2020-05-27	63.7641975308642
2020-05-28	63.0617283950617
2020-05-29	59.5283950617284
2020-06-01	61.5901234567901
2020-06-02	62.4851851851852
2020-06-03	71.1049382716049
2020-06-04	74.237037037037
2020-06-05	82.0395061728395
2020-06-08	84.0567901234568
2020-06-09	82.1197530864198
2020-06-10	71.6530864197531
2020-06-11	63.0851851851852
2020-06-12	51.0222222222222
2020-06-15	39.1864197530864
2020-06-16	28.3123456790123
2020-06-17	26.9506172839506
2020-06-18	28.0382716049383
2020-06-19	32.6765432098766
2020-06-22	39.0333333333333
2020-06-23	46.5395061728395
2020-06-24	46.537037037037
2020-06-25	46.3197530864198
2020-06-26	44.9320987654321
2020-06-29	42.5962962962963
2020-06-30	41.8617283950617
2020-07-01	43.9641975308642
2020-07-02	47.562962962963
2020-07-06	53.058024691358
2020-07-07	57.7925925925926
2020-07-08	59.420987654321
2020-07-09	59.4358024691358
2020-07-10	57.9345679012346
2020-07-13	59.0592592592593
2020-07-14	51.3530864197531
2020-07-15	47.6592592592593
2020-07-16	48.4382716049383
2020-07-17	54.6469135802469
2020-07-20	59.9037037037037
2020-07-21	67.2641975308642
2020-07-22	74.4666666666667
2020-07-23	74.1703703703704
2020-07-24	70.9654320987654
2020-07-27	73.3432098765432
2020-07-28	75.9901234567901
2020-07-29	81.3172839506173
2020-07-30	84.2740740740741
2020-07-31	87.7740740740741
2020-08-03	83.0864197530864
2020-08-04	82.9876543209877
2020-08-05	82.1222222222222
2020-08-06	89.7012345679013
2020-08-07	89.3037037037037
2020-08-10	89.5604938271605
2020-08-11	91.6765432098765
2020-08-12	89.4765432098766
2020-08-13	86.5876543209877
2020-08-14	85.6938271604938
2020-08-17	90.7432098765432
2020-08-18	93.6160493827161
2020-08-19	99.820987654321
2020-08-20	102.037037037037
2020-08-21	104.198765432099
2020-08-24	102.464197530864
2020-08-25	98.7148148148148
2020-08-26	102.730864197531
2020-08-27	96.0123456790124
2020-08-28	98.3876543209877
2020-08-31	96.5493827160494
2020-09-01	98.4407407407407
2020-09-02	86.7481481481481
2020-09-03	79.7271604938272
2020-09-04	65.2456790123457
2020-09-08	51.504938271605
2020-09-09	41.9604938271605
2020-09-10	31.4925925925926
2020-09-11	28.8444444444444
2020-09-14	34.8518518518519
2020-09-15	46.9567901234568
2020-09-16	49.5518518518519
2020-09-17	54.2592592592593
2020-09-18	63.6901234567901
2020-09-21	65.4518518518519
2020-09-22	59.0777777777778
2020-09-23	58.7567901234568
2020-09-24	55.4777777777778
2020-09-25	51.3320987654321
2020-09-28	53.6037037037037
2020-09-29	57.4765432098766
2020-09-30	57.2185185185185
2020-10-01	57.7938271604938
2020-10-02	56.0617283950617
2020-10-05	55.8407407407407
2020-10-06	52.0555555555556
2020-10-07	53.9876543209877
2020-10-08	58.3444444444445
2020-10-09	64.3679012345679
2020-10-12	63.9234567901235
2020-10-13	64.583950617284
2020-10-14	62.758024691358
2020-10-15	60.0691358024691
2020-10-16	59.2037037037037
2020-10-19	55.9061728395062
2020-10-20	56.462962962963
2020-10-21	55.1950617283951
2020-10-22	56.783950617284
2020-10-23	56.8246913580247
2020-10-26	55.9827160493827
2020-10-27	55.7259259259259
2020-10-28	56.162962962963
2020-10-29	53.4098765432099
2020-10-30	45.9037037037037
2020-11-02	42.620987654321
2020-11-03	41.7123456790123
2020-11-04	36.3827160493827
2020-11-05	33.9802469135802
2020-11-06	36.741975308642
2020-11-09	35.1049382716049
2020-11-10	32.6777777777778
2020-11-11	39.1358024691358
2020-11-12	41.6358024691358
2020-11-13	48.3753086419753
2020-11-16	56.8234567901235
2020-11-17	64.2777777777778
2020-11-18	68.6913580246914
2020-11-19	72.3888888888889
2020-11-20	69.3086419753087
2020-11-23	65.7432098765432
2020-11-24	66.0740740740741
2020-11-25	63.2777777777778
2020-11-27	65.9863929146538
2020-11-30	68.3542941492217
2020-12-01	70.6530595813205
2020-12-02	69.79256575416
2020-12-03	71.8407139023081
2020-12-04	76.1111111111111
2020-12-07	80.0123456790124
2020-12-08	87.0654320987654
2020-12-09	86.9518518518519
2020-12-10	84.7518518518519
2020-12-11	77.1395061728395
2020-12-14	74.1160493827161
2020-12-15	74.2938271604938
2020-12-16	77.9753086419753
2020-12-17	87.9691358024691
2020-12-18	90.758024691358
2020-12-21	84.8444444444444
2020-12-22	76.2703703703704
2020-12-23	76.0222222222222
2020-12-24	66.3659688674182
2020-12-28	75.1511540526033
2020-12-29	80.3276972624799
2020-12-30	86.1042404723564
2020-12-31	86.0536231884058
2021-01-04	82.4962962962963
2021-01-05	71.0493827160494
2021-01-06	66.6876543209877
2021-01-07	62.7913580246914
2021-01-08	55.9851851851852
2021-01-11	56.0283950617284
2021-01-12	54.0098765432099
2021-01-13	57.2481481481482
2021-01-14	61.6481481481482
2021-01-15	62.8604938271605
2021-01-19	69.0950617283951
2021-01-20	78.5123456790123
2021-01-21	85.2024691358025
2021-01-22	85.8777777777778
2021-01-25	82.783950617284
2021-01-26	79.5345679012346
2021-01-27	66.8802469135803
2021-01-28	54.1901234567901
2021-01-29	41.3098765432099
2021-02-01	40.837037037037
2021-02-02	43.6827160493827
2021-02-03	49.5592592592593
2021-02-04	62.858024691358
2021-02-05	76.2395061728395
2021-02-08	87.4592592592593
2021-02-09	93.1123456790124
2021-02-10	92.562962962963
2021-02-11	86.8617283950617
2021-02-12	86.5950617283951
2021-02-16	80.0370370370371
2021-02-17	70.479012345679
2021-02-18	71.8703703703704
2021-02-19	71.7012345679012
2021-02-22	66.8876543209877
2021-02-23	61.862962962963
2021-02-24	61.7987654320988
2021-02-25	55.8814814814815
2021-02-26	47.4703703703704
2021-03-01	48.2987654320988
2021-03-02	49.2061728395062
2021-03-03	43.6234567901235
2021-03-04	41.6913580246914
2021-03-05	40.6555555555556
2021-03-08	32.6395061728395
2021-03-09	34.8395061728395
2021-03-10	35.5938271604938
2021-03-11	41.8481481481482
2021-03-12	44.241975308642
2021-03-15	53.1864197530864
2021-03-16	57.858024691358
2021-03-17	62.0987654320988
2021-03-18	63.7962962962963
2021-03-19	67.3740740740741
2021-03-22	70.320987654321
2021-03-23	69.8666666666667
2021-03-24	73.7987654320988
2021-03-25	72.2283950617284
2021-03-26	78.9592592592593
2021-03-29	75.2592592592593
2021-03-30	73.1358024691358
2021-03-31	80.3444444444444
2021-04-01	89.0024691358025
2021-04-05	93.1962962962963
2021-04-06	102.225925925926
2021-04-07	108.083950617284
2021-04-08	107.511111111111
2021-04-09	111.102469135802
2021-04-12	111.48024691358
2021-04-13	109
2021-04-14	109.369135802469
2021-04-15	112.59012345679
2021-04-16	111.706172839506
2021-04-19	108.558024691358
2021-04-20	103.320987654321
2021-04-21	106.113580246914
2021-04-22	99.0530864197531
2021-04-23	99.7320987654321
2021-04-26	102.211111111111
2021-04-27	102.312345679012
2021-04-28	100.244444444444
2021-04-29	98.3
2021-04-30	91.6530864197531
2021-05-03	87.7111111111111
2021-05-04	85.3358024691358
2021-05-05	81.5518518518519
2021-05-06	81.9666666666667
2021-05-07	85.5382716049383
2021-05-10	87.7444444444445
2021-05-11	84.5222222222222
2021-05-12	76.958024691358
2021-05-13	74.083950617284
2021-05-14	68.3864197530864
2021-05-17	62.2271604938272
2021-05-18	67.583950617284
2021-05-19	68.4
2021-05-20	72.341975308642
2021-05-21	73.8740740740741
2021-05-24	83.2271604938272
2021-05-25	85.7283950617284
2021-05-26	98.9555555555556
2021-05-27	100.58024691358
2021-05-28	106.930864197531
2021-06-01	102.381481481482
2021-06-02	104.266666666667
2021-06-03	97.5962962962963
2021-06-04	99.8691358024691
2021-06-07	98.9753086419753
2021-06-08	103.620987654321
2021-06-09	103.661728395062
2021-06-10	104.098765432099
2021-06-11	100.811111111111
2021-06-14	102.735802469136
2021-06-15	101.454320987654
2021-06-16	100.467901234568
2021-06-17	99.0913580246914
2021-06-18	94.2851851851852
2021-06-21	88.2469135802469
2021-06-22	88.0765432098765
2021-06-23	91.6555555555555
2021-06-24	96.1604938271605
2021-06-25	109.777777777778
2021-06-28	116.366666666667
2021-06-29	119.746913580247
2021-06-30	120.945679012346
2021-07-01	128.088888888889
2021-07-02	129.291358024691
2021-07-06	132.491358024691
2021-07-07	126.935802469136
2021-07-08	116.243209876543
2021-07-09	119.667901234568
2021-07-12	123.193827160494
2021-07-13	114.743209876543
2021-07-14	117.072839506173
2021-07-15	122.93950617284
2021-07-16	111.172839506173
2021-07-19	90.5802469135803
2021-07-20	91.2320987654321
2021-07-21	90.3802469135802
2021-07-22	92.4246913580247
2021-07-23	101.38024691358
2021-07-26	111.867901234568
2021-07-27	107.753086419753
2021-07-28	102.134567901235
2021-07-29	104.344444444444
2021-07-30	94.9320987654321
2021-08-02	89.3938271604938
2021-08-03	91.8098765432099
2021-08-04	95.5320987654321
2021-08-05	100.249382716049
2021-08-06	107.953086419753
2021-08-09	116.472839506173
2021-08-10	123.148148148148
2021-08-11	131.737037037037
2021-08-12	137.57037037037
2021-08-13	144.620987654321
2021-08-16	147.264197530864
2021-08-17	140.113580246914
2021-08-18	130.169135802469
2021-08-19	107.724691358025
2021-08-20	92.579012345679
2021-08-23	94.5518518518519
2021-08-24	106.554320987654
2021-08-25	118.47037037037
2021-08-26	127.40987654321
2021-08-27	137.235802469136
2021-08-30	140.312345679012
2021-08-31	136.128395061728
2021-09-01	132.420987654321
2021-09-02	140.071604938272
2021-09-03	136.465432098765
2021-09-07	131.413580246914
2021-09-08	124.586419753086
2021-09-09	120.501234567901
2021-09-10	107.182716049383
2021-09-13	93.4567901234568
2021-09-14	83.0506172839506
2021-09-15	83.0703703703704
2021-09-16	76.4320987654321
2021-09-17	76.4888888888889
2021-09-20	76.5246913580247
2021-09-21	68.6382716049383
2021-09-22	61.7950617283951
2021-09-23	61.2074074074074
2021-09-24	63.1432098765432
2021-09-27	68.362962962963
2021-09-28	67.7864197530864
2021-09-29	66.7864197530864
2021-09-30	60.1913580246914
2021-10-01	53.1950617283951
2021-10-04	44.6506172839506
2021-10-05	48.2753086419753
2021-10-06	45.1061728395062
2021-10-07	52.7382716049383
2021-10-08	55.4925925925926
2021-10-11	59.2086419753086
2021-10-12	54.0271604938272
2021-10-13	56.1
2021-10-14	57.1333333333334
2021-10-15	64.3049382716049
2021-10-18	70.2160493827161
2021-10-19	84.7765432098765
2021-10-20	91.8037037037037
2021-10-21	98.1666666666667
2021-10-22	90.9395061728395
2021-10-25	92.9148148148148
2021-10-26	86.7148148148148
2021-10-27	84.5888888888889
2021-10-28	76.0851851851852
2021-10-29	80.3024691358025
2021-11-01	76.004938271605
2021-11-02	81.2
2021-11-03	83.6888888888889
2021-11-04	88.7123456790124
2021-11-05	89.6592592592593
2021-11-08	88.7395061728395
2021-11-09	78.8049382716049
2021-11-10	75.4469135802469
2021-11-11	73.5641975308642
2021-11-12	78.5123456790123
2021-11-15	77.4691358024692
2021-11-16	85.2716049382716
2021-11-17	89.7407407407407
2021-11-18	87.0913580246914
2021-11-19	79.9506172839506
2021-11-22	81.0703703703704
2021-11-23	70.858024691358
2021-11-24	64.0962962962963
2021-11-26	55.191975308642
2021-11-29	51.3166666666667
2021-11-30	43.5030864197531
2021-12-01	42.8956790123457
2021-12-02	36.4314814814815
2021-12-03	35.4530864197531
2021-12-06	31.2592592592593
2021-12-07	39.3679012345679
2021-12-08	41.4962962962963
2021-12-09	45.8962962962963
2021-12-10	49.4160493827161
2021-12-13	51.0703703703704
2021-12-14	45.062962962963
2021-12-15	43.0148148148148
2021-12-16	41.4481481481482
2021-12-17	39.2283950617284
2021-12-20	36.7456790123457
2021-12-21	39.2617283950617
2021-12-22	41.8876543209877
2021-12-23	49.7444444444445
2021-12-27	59.4
2021-12-28	63.3827160493827
2021-12-29	63.962962962963
2021-12-30	65.0061728395062
2021-12-31	57.7888888888889
2022-01-03	52.6654320987654
2022-01-04	53.2753086419753
2022-01-05	50.9938271604938
2022-01-06	45.2012345679012
2022-01-07	44.0012345679012
2022-01-10	39.5456790123457
2022-01-11	35.7641975308642
2022-01-12	33.0530864197531
2022-01-13	34.2864197530864
2022-01-14	31.6086419753086
2022-01-18	30.1864197530864
2022-01-19	28.3641975308642
2022-01-20	27.0851851851852
2022-01-21	23.2098765432099
2022-01-24	20.820987654321
2022-01-25	18.1876543209877
2022-01-26	15.3123456790123
2022-01-27	12.4888888888889
2022-01-28	12.6950617283951
2022-01-31	15.1382716049383
2022-02-01	16.8283950617284
2022-02-02	18.1666666666667
2022-02-03	19.9962962962963
2022-02-04	21.1395061728395
2022-02-07	20.9666666666667
2022-02-08	23.1481481481481
2022-02-09	26.8950617283951
2022-02-10	27.2666666666667
2022-02-11	27.0086419753086
2022-02-14	26.1024691358025
2022-02-15	26.6259259259259
2022-02-16	24.8679012345679
2022-02-17	26.3024691358025
2022-02-18	26.841975308642
2022-02-22	27.1358024691358
2022-02-23	25.1061728395062
2022-02-24	21.8802469135803
2022-02-25	19.6876543209877
2022-02-28	18.3777777777778
2022-03-01	17.4234567901235
2022-03-02	16.2432098765432
2022-03-03	17.0753086419753
2022-03-04	16.5382716049383
2022-03-07	16.283950617284
2022-03-08	15.8148148148148
2022-03-09	15.7481481481482
2022-03-10	16.2308641975309
2022-03-11	15.520987654321
2022-03-14	15.2543209876543
2022-03-15	16.5962962962963
2022-03-16	16.7654320987654
2022-03-17	17.0555555555556
2022-03-18	19.6407407407407
2022-03-21	21.3123456790123
2022-03-22	23.8654320987654
2022-03-23	25.9074074074074
2022-03-24	28.1938271604938
2022-03-25	28.9148148148148
2022-03-28	31.4246913580247
2022-03-29	30.5037037037037
2022-03-30	31.9802469135803
2022-03-31	31.8049382716049
2022-04-01	32.4950617283951
2022-04-04	34.2753086419753
2022-04-05	35.4271604938272
2022-04-06	34.2802469135803
2022-04-07	33.1654320987654
2022-04-08	32.8098765432099
2022-04-11	30.5469135802469
2022-04-12	29.6012345679012
2022-04-13	31.283950617284
2022-04-14	32.7716049382716
2022-04-18	33.1876543209877
2022-04-19	34.7765432098765
2022-04-20	34.6950617283951
2022-04-21	33.4888888888889
2022-04-22	32.3333333333333
2022-04-25	30.0679012345679
2022-04-26	26.7876543209877
2022-04-27	24.0320987654321
2022-04-28	22.7259259259259
2022-04-29	21.2814814814815
2022-05-02	20.058024691358
2022-05-03	18.4543209876543
2022-05-04	19.1382716049383
2022-05-05	17
2022-05-06	15.0604938271605
2022-05-09	14.662962962963
2022-05-10	13.9333333333333
2022-05-11	12.379012345679
2022-05-12	11.979012345679
2022-05-13	15.2728395061728
2022-05-16	16.1641975308642
2022-05-17	18.1271604938272
2022-05-18	20.8913580246914
2022-05-19	21.3765432098765
2022-05-20	19.6592592592593
2022-05-23	20.158024691358
2022-05-24	19.9753086419753
2022-05-25	18.6172839506173
2022-05-26	21.6493827160494
2022-05-27	26.1
2022-05-31	26.5123456790124
2022-06-01	27.1012345679012
2022-06-02	29.0530864197531
2022-06-03	27.4913580246914
2022-06-06	24.3197530864198
2022-06-07	28.2012345679012
2022-06-08	30.6382716049383
2022-06-09	31.7395061728395
2022-06-10	30.6617283950617
2022-06-13	29.0481481481482
2022-06-14	25.5074074074074
2022-06-15	22.7864197530864
2022-06-16	20.4271604938272
2022-06-17	21.0493827160494
2022-06-21	24.0296296296296
2022-06-22	24.2703703703704
2022-06-23	23.9777777777778
2022-06-24	27.9395061728395
2022-06-27	29.1086419753086
2022-06-28	28.8395061728395
2022-06-29	29.0827160493827
2022-06-30	29.9407407407407
2022-07-01	26.1987654320988
2022-07-05	26.1086419753086
2022-07-06	24.0925925925926
2022-07-07	26.820987654321
2022-07-08	27.2703703703704
2022-07-11	29.9493827160494
2022-07-12	32.2037037037037
2022-07-13	34.3654320987654
2022-07-14	32.0456790123457
2022-07-15	34.1086419753086
2022-07-18	35.4543209876543
2022-07-19	37.9753086419753
2022-07-20	39.1135802469136
2022-07-21	40.9061728395062
2022-07-22	40.8777777777778
2022-07-25	40.3123456790124
2022-07-26	40.8222222222222
2022-07-27	42.2024691358025
2022-07-28	43.4679012345679
2022-07-29	46.1925925925926
2022-08-01	46.2716049382716
2022-08-02	43.3308641975309
2022-08-03	46.0975308641975
2022-08-04	45.3037037037037
2022-08-05	45.2296296296296
2022-08-08	45.0469135802469
2022-08-09	46.6172839506173
2022-08-10	45.6382716049383
2022-08-11	48.5320987654321
2022-08-12	51.2024691358025
2022-08-15	57.6876543209877
2022-08-16	60.958024691358
2022-08-17	59.8296296296296
2022-08-18	60.9493827160494
2022-08-19	60.8395061728395
2022-08-22	61.0358024691358
2022-08-23	58.8234567901235
2022-08-24	62.4296296296296
2022-08-25	63.6703703703704
2022-08-26	59.0234567901235
2022-08-29	52.441975308642
2022-08-30	51.2296296296296
2022-08-31	46.1444444444445
2022-09-01	40.7641975308642
2022-09-02	39.1197530864198
2022-09-06	37.2555555555556
2022-09-07	36.6111111111111
2022-09-08	35.0975308641975
2022-09-09	33.9518518518519
2022-09-12	35.762962962963
2022-09-13	38.5592592592593
2022-09-14	38.1358024691358
2022-09-15	39.8111111111111
2022-09-16	42.0333333333333
2022-09-19	43.0913580246914
2022-09-20	45.4679012345679
2022-09-21	44.9493827160494
2022-09-22	43.7358024691358
2022-09-23	42.6308641975309
2022-09-26	40.0037037037037
2022-09-27	36.0728395061728
2022-09-28	36.0765432098766
2022-09-29	36.6987654320988
2022-09-30	35.6543209876543
2022-10-03	36.8543209876543
2022-10-04	36.9382716049383
2022-10-05	37.0037037037037
2022-10-06	35.5827160493827
2022-10-07	35.7024691358025
2022-10-10	34.2703703703704
2022-10-11	32.8716049382716
2022-10-12	31.7123456790124
2022-10-13	30.2641975308642
2022-10-14	28.3358024691358
2022-10-17	29.8333333333333
2022-10-18	30.8975308641975
2022-10-19	31.3740740740741
2022-10-20	34.2987654320988
2022-10-21	35.2703703703704
2022-10-24	33.279012345679
2022-10-25	35.6604938271605
2022-10-26	35.4913580246914
2022-10-27	34.2814814814815
2022-10-28	38.5148148148148
2022-10-31	39.7135802469136
2022-11-01	37.1827160493827
2022-11-02	37.5098765432099
2022-11-03	36.8901234567901
2022-11-04	31.4703703703704
2022-11-07	31.8049382716049
2022-11-08	32.9283950617284
2022-11-09	32.7246913580247
2022-11-10	34.1777777777778
2022-11-11	36.3901234567901
2022-11-14	36.5160493827161
2022-11-15	33.5456790123457
2022-11-16	32.9296296296296
2022-11-17	33.041975308642
2022-11-18	32.6617283950617
2022-11-21	33.5901234567901
2022-11-22	38.2456790123457
2022-11-23	41.1654320987654
2022-11-25	42.6273483628556
2022-11-28	47.4680891035964
2022-11-29	49.6051261406334
2022-11-30	49.2075952764359
2022-12-01	46.8693236714976
2022-12-02	47.7123456790123
2022-12-05	45.7358024691358
2022-12-06	44.5864197530864
2022-12-07	42.2691358024691
2022-12-08	46.4938271604938
2022-12-09	42.6679012345679
2022-12-12	43.6740740740741
2022-12-13	38.2740740740741
2022-12-14	36.6432098765432
2022-12-15	33.0172839506173
2022-12-16	34.8567901234568
2022-12-19	33.8037037037037
2022-12-20	38.1851851851852
2022-12-21	44.0308641975309
2022-12-22	46.2827160493827
2022-12-23	45.0765432098765
2022-12-27	42.3913580246914
2022-12-28	41.3691358024691
2022-12-29	40.8679012345679
2022-12-30	38.7777777777778
2023-01-03	37.9654320987654
2023-01-04	38.8851851851852
2023-01-05	38.9802469135802
2023-01-06	38.5691358024691
2023-01-09	42.7469135802469
2023-01-10	45.3024691358025
2023-01-11	50.9283950617284
2023-01-12	50.7950617283951
2023-01-13	51.7481481481482
2023-01-17	50.5246913580247
2023-01-18	53.358024691358
2023-01-19	50.9901234567901
2023-01-20	55.7938271604938
2023-01-23	56.204938271605
2023-01-24	55.5728395061728
2023-01-25	53.1432098765432
2023-01-26	52.0506172839506
2023-01-27	52.5111111111111
2023-01-30	51.9691358024691
2023-01-31	55.758024691358
2023-02-01	55.0530864197531
2023-02-02	54.7592592592593
2023-02-03	49.0506172839506
2023-02-06	46.9814814814815
2023-02-07	41.4358024691358
2023-02-08	43.0851851851852
2023-02-09	44.2691358024691
2023-02-10	46.6975308641975
2023-02-13	50.2950617283951
2023-02-14	49.5827160493827
2023-02-15	49.9518518518519
2023-02-16	49.9074074074074
2023-02-17	53.3592592592593
2023-02-21	54.7456790123457
2023-02-22	58.3234567901235
2023-02-23	61.2234567901235
2023-02-24	63.3950617283951
2023-02-27	63.8086419753086
2023-02-28	64.1913580246914
2023-03-01	67.1679012345679
2023-03-02	69.0283950617284
2023-03-03	72.0827160493827
2023-03-06	73.0049382716049
2023-03-07	70.8925925925926
2023-03-08	69.3049382716049
2023-03-09	67.7925925925926
2023-03-10	56.9814814814815
2023-03-13	45.1012345679012
2023-03-14	40.4543209876543
2023-03-15	32.0518518518519
2023-03-16	25.6148148148148
2023-03-17	27.3432098765432
2023-03-20	31.1481481481481
2023-03-21	34.5962962962963
2023-03-22	39.141975308642
2023-03-23	41.3506172839506
2023-03-24	42.2518518518519
2023-03-27	43.662962962963
2023-03-28	44.7481481481482
2023-03-29	49.5296296296296
2023-03-30	53.3197530864198
2023-03-31	64.3753086419753
2023-04-03	72.0728395061729
2023-04-04	73.3938271604938
2023-04-05	76.0185185185185
2023-04-06	78.7617283950617
2023-04-10	74.6234567901235
2023-04-11	76.4160493827161
2023-04-12	74.2592592592593
2023-04-13	74.8617283950617
2023-04-14	73.0493827160494
2023-04-17	71.4962962962963
2023-04-18	67.9938271604938
2023-04-19	72.5407407407408
2023-04-20	71.5
2023-04-21	72.7185185185185
2023-04-24	76.9679012345679
2023-04-25	78.279012345679
2023-04-26	77.3308641975309
2023-04-27	81.4197530864198
2023-04-28	78.4358024691358
2023-05-01	75.562962962963
2023-05-02	73.5493827160494
2023-05-03	69.0962962962963
2023-05-04	59.2691358024691
2023-05-05	61.6086419753086
2023-05-08	60.7493827160494
2023-05-09	61.4246913580247
2023-05-10	61.2395061728395
2023-05-11	62.5950617283951
2023-05-12	61.0395061728395
2023-05-15	62.3024691358025
2023-05-16	61.9432098765432
2023-05-17	66.6148148148148
2023-05-18	67.1753086419753
2023-05-19	65.6259259259259
2023-05-22	62.7691358024691
2023-05-23	62.8641975308642
2023-05-24	59.9271604938272
2023-05-25	58.4382716049383
2023-05-26	60.1493827160494
2023-05-30	60.1098765432099
2023-05-31	60.3407407407407
2023-06-01	62.7358024691358
2023-06-02	67.3432098765432
2023-06-05	67.2024691358025
2023-06-06	69.0913580246914
2023-06-07	68.4555555555556
2023-06-08	70.9148148148148
2023-06-09	68.2802469135802
2023-06-12	68.6555555555556
2023-06-13	67.3259259259259
2023-06-14	65.5098765432099
2023-06-15	59.9481481481482
2023-06-16	58.0432098765432
2023-06-20	56.1777777777778
2023-06-21	53.8518518518519
2023-06-22	53.0382716049383
2023-06-23	53.8222222222222
2023-06-26	56.2666666666667
2023-06-27	61.4259259259259
2023-06-28	64.8
2023-06-29	69.7074074074074
2023-06-30	77.1703703703704
2023-07-03	81.4150026838433
2023-07-05	80.9298174986581
2023-07-06	87.4508051529791
2023-07-07	91.3495705850778
2023-07-10	86.7273483628556
2023-07-11	86.6530864197531
2023-07-12	86.9333333333333
2023-07-13	85.0851851851852
2023-07-14	80.3283950617284
2023-07-17	82.3234567901235
2023-07-18	83.9197530864198
2023-07-19	82.4506172839506
2023-07-20	78.6246913580247
2023-07-21	78.5506172839506
2023-07-24	76.8098765432099
2023-07-25	79.1666666666667
2023-07-26	77.8506172839506
2023-07-27	78.1506172839506
2023-07-28	78.1074074074074
2023-07-31	77.6197530864198
2023-08-01	72.5938271604938
2023-08-02	75.4259259259259
2023-08-03	76.2728395061729
2023-08-04	76.6320987654321
2023-08-07	78.7654320987654
2023-08-08	77.8358024691358
2023-08-09	77.2222222222222
2023-08-10	70.6
2023-08-11	66.4
2023-08-14	61.6679012345679
2023-08-15	57.3864197530864
2023-08-16	51.9592592592593
2023-08-17	55.1296296296296
2023-08-18	53.8691358024691
2023-08-21	53.8654320987654
2023-08-22	53.9345679012346
2023-08-23	55.6061728395062
2023-08-24	54.4111111111111
2023-08-25	52.2543209876543
2023-08-28	49.5938271604938
2023-08-29	51.1518518518519
2023-08-30	51.2246913580247
2023-08-31	53.8074074074074
2023-09-01	58.1074074074074
2023-09-05	64.2925925925926
2023-09-06	67.7024691358025
2023-09-07	70.8123456790124
2023-09-08	70.7864197530864
2023-09-11	72.0469135802469
2023-09-12	69.2950617283951
2023-09-13	68.6851851851852
2023-09-14	70.0296296296296
2023-09-15	70.2851851851852
2023-09-18	72.9604938271605
2023-09-19	76.2172839506173
2023-09-20	73.9703703703704
2023-09-21	70.9271604938272
2023-09-22	70.6765432098765
2023-09-25	67.2098765432099
2023-09-26	64.8506172839506
2023-09-27	63.4567901234568
2023-09-28	61.2555555555556
2023-09-29	57.1382716049383
2023-10-02	53.0518518518519
2023-10-03	47.8555555555556
2023-10-04	45.4222222222222
2023-10-05	43.0012345679012
2023-10-06	43.1407407407407
2023-10-09	45.4938271604938
2023-10-10	48.6740740740741
2023-10-11	51.0049382716049
2023-10-12	52.4530864197531
2023-10-13	53.2444444444445
2023-10-16	55.1716049382716
2023-10-17	53.8987654320988
2023-10-18	52.2506172839506
2023-10-19	49.9259259259259
2023-10-20	49.2728395061729
2023-10-23	46.4592592592593
2023-10-24	45.058024691358
2023-10-25	44.5
2023-10-26	45.2160493827161
2023-10-27	44.2222222222222
2023-10-30	46.4259259259259
2023-10-31	47.7246913580247
2023-11-01	47.6259259259259
2023-11-02	52.8864197530864
2023-11-03	57.6407407407407
2023-11-06	60.8925925925926
2023-11-07	65.8074074074074
2023-11-08	70.3197530864198
2023-11-09	69.6012345679012
2023-11-10	71.1950617283951
2023-11-13	72.041975308642
2023-11-14	72.4148148148148
2023-11-15	73.141975308642
2023-11-16	75.537037037037
2023-11-17	77.062962962963
2023-11-20	79.3407407407408
2023-11-21	79.579012345679
2023-11-22	80.9814814814815
2023-11-24	80.3296296296296
2023-11-27	80.6308641975309
2023-11-28	80.8518518518519
2023-11-29	81.9802469135803
2023-11-30	83.7604938271605
2023-12-01	83.4950617283951
2023-12-04	87.1074074074074
2023-12-05	86.262962962963
2023-12-06	89.2358024691358
2023-12-07	92.3320987654321
2023-12-08	92.7259259259259
2023-12-11	91.3185185185185
2023-12-12	93.5888888888889
2023-12-13	94.4753086419753
2023-12-14	89.6592592592593
2023-12-15	86.6160493827161
2023-12-18	88.9382716049383
2023-12-19	91.8851851851852
2023-12-20	89.7135802469136
2023-12-21	84.8666666666667
2023-12-22	86.5098765432099
2023-12-26	80.2987654320988
2023-12-27	73.5358024691358
2023-12-28	70.3172839506173
2023-12-29	71.4358024691358
2024-01-02	71.1555555555556
2024-01-03	67.4925925925926
2024-01-04	63.2506172839506
2024-01-05	58.7123456790124
2024-01-08	62.158024691358
2024-01-09	63.7259259259259
2024-01-10	67.9024691358025
2024-01-11	66.2567901234568
2024-01-12	66.7345679012346
2024-01-16	62.3493827160494
2024-01-17	60.0320987654321
2024-01-18	56.7444444444445
2024-01-19	60.5074074074074
2024-01-22	60.0493827160494
2024-01-23	62.6358024691358
2024-01-24	62.258024691358
2024-01-25	60.9864197530864
2024-01-26	59.5641975308642
2024-01-29	63.1641975308642
2024-01-30	62.6716049382716
2024-01-31	61.8728395061728
2024-02-01	61.5604938271605
2024-02-02	60.6172839506173
2024-02-05	58.4740740740741
2024-02-06	56.7679012345679
2024-02-07	58.0938271604938
2024-02-08	62.9012345679012
2024-02-09	67.9518518518519
2024-02-12	71.4135802469136
2024-02-13	72.8666666666667
2024-02-14	72.1592592592593
2024-02-15	70.079012345679
2024-02-16	66.0469135802469
2024-02-20	60.2111111111111
2024-02-21	58.2691358024691
2024-02-22	57.9481481481482
2024-02-23	55.6493827160494
2024-02-26	55.8938271604938
2024-02-27	58.0691358024691
2024-02-28	60.4876543209877
2024-02-29	62.5765432098765
2024-03-01	69.8148148148148
2024-03-04	77.5975308641975
2024-03-05	78.1172839506173
2024-03-06	76.5493827160494
2024-03-07	78.620987654321
2024-03-08	68.4827160493827
2024-03-11	55.2086419753087
2024-03-12	51.9074074074074
2024-03-13	53.4716049382716
2024-03-14	47.7469135802469
2024-03-15	49.6271604938272
2024-03-18	53.5728395061728
2024-03-19	55.1024691358025
2024-03-20	52.7716049382716
2024-03-21	54.9802469135803
2024-03-22	58.1234567901235
2024-03-25	60.7358024691358
2024-03-26	66.2308641975309
2024-03-27	70.1148148148148
2024-03-28	74.3938271604938
2024-04-01	73.420987654321
2024-04-02	74.0506172839506
2024-04-03	69.5074074074074
2024-04-04	69.3049382716049
2024-04-05	61.2456790123457
2024-04-08	58.9543209876543
2024-04-09	54.1
2024-04-10	49.5049382716049
2024-04-11	43.8962962962963
2024-04-12	44.2382716049383
2024-04-15	41.8012345679012
2024-04-16	38.8246913580247
2024-04-17	37.8864197530864
2024-04-18	35.6098765432099
2024-04-19	32.9925925925926
2024-04-22	34.7061728395062
2024-04-23	36.520987654321
2024-04-24	38.9802469135802
2024-04-25	40.6135802469136
2024-04-26	45.8358024691358
2024-04-29	49.162962962963
2024-04-30	50.4148148148148
2024-05-01	49.1827160493827
2024-05-02	48.9160493827161
2024-05-03	46.7913580246914
2024-05-06	48.6
2024-05-07	53.1543209876543
2024-05-08	60.2617283950617
2024-05-09	68.6728395061728
2024-05-10	73.0962962962963
2024-05-13	76.0567901234568
2024-05-14	77.8333333333334
2024-05-15	80.5456790123457
2024-05-16	80.5395061728395
2024-05-17	85.0814814814815
2024-05-20	87.4148148148148
2024-05-21	93.437037037037
2024-05-22	92.9358024691358
2024-05-23	88.1925925925926
2024-05-24	84.2
2024-05-28	76.9074074074074
2024-05-29	69.2308641975309
2024-05-30	63.9901234567901
2024-05-31	65.620987654321
2024-06-03	61.2160493827161
2024-06-04	58.9518518518519
2024-06-05	57.7234567901235
2024-06-06	57.9049382716049
2024-06-07	53.8123456790124
2024-06-10	57.3135802469136
2024-06-11	60.0012345679012
2024-06-12	58.5246913580247
2024-06-13	57.5728395061729
2024-06-14	57.3851851851852
2024-06-17	55.2975308641975
2024-06-18	55.1185185185185
2024-06-20	55.2283950617284
2024-06-21	54.3493827160494
2024-06-24	55.0123456790124
2024-06-25	55.2
2024-06-26	51.937037037037
2024-06-27	51.9148148148148
2024-06-28	51.9530864197531
2024-07-01	53.5358024691358
2024-07-02	55.3271604938272
2024-07-03	58.8256307031669
2024-07-05	60.5280998389694
2024-07-08	63.9429146537842
2024-07-09	67.2564949006978
2024-07-10	72.7169887278583
2024-07-11	70.7271604938272
2024-07-12	70.7160493827161
2024-07-15	68.5160493827161
2024-07-16	64.8703703703704
2024-07-17	58.0432098765432
2024-07-18	55.8222222222222
2024-07-19	50.3185185185185
2024-07-22	48.3148148148148
2024-07-23	46.4271604938272
2024-07-24	44.7283950617284
2024-07-25	42.4320987654321
2024-07-26	41.5851851851852
2024-07-29	40.1123456790123
2024-07-30	38.5777777777778
2024-07-31	35.341975308642
2024-08-01	34.3765432098765
2024-08-02	32.637037037037
2024-08-05	26.9592592592593
2024-08-06	22.5407407407407
2024-08-07	19.0938271604938
2024-08-08	17.7530864197531
2024-08-09	17.4407407407407
2024-08-12	19.937037037037
2024-08-13	24.2987654320988
2024-08-14	26.7234567901235
2024-08-15	32.0827160493827
2024-08-16	36.4827160493827
2024-08-19	41.8691358024691
2024-08-20	43.0888888888889
2024-08-21	43.3617283950617
2024-08-22	40.7679012345679
2024-08-23	37.4888888888889
2024-08-26	35.3333333333333
2024-08-27	35.1987654320988
2024-08-28	35.8654320987654
2024-08-29	35.0691358024691
2024-08-30	36.8740740740741
2024-09-03	35.6543209876543
2024-09-04	33.2555555555556
2024-09-05	32.9061728395062
2024-09-06	31.6296296296296
2024-09-09	32.5111111111111
2024-09-10	34.0753086419753
2024-09-11	34.1061728395062
2024-09-12	34.7320987654321
2024-09-13	36.6740740740741
2024-09-16	34.1308641975309
2024-09-17	31.6530864197531
2024-09-18	31.279012345679
2024-09-19	30.7185185185185
2024-09-20	31.9518518518519
2024-09-23	33.6604938271605
2024-09-24	36.5641975308642
2024-09-25	39.1654320987654
2024-09-26	40.8320987654321
2024-09-27	42.4555555555556
2024-09-30	42.5135802469136
2024-10-01	38.3679012345679
2024-10-02	37.2283950617284
2024-10-03	34.1913580246914
2024-10-04	30.7456790123457
2024-10-07	30.7901234567901
2024-10-08	34.1074074074074
2024-10-09	35.9814814814815
2024-10-10	38.2987654320988
2024-10-11	42.4012345679012
2024-10-14	45.6382716049383
2024-10-15	47.7679012345679
2024-10-16	50.2197530864198
2024-10-17	51.6160493827161
2024-10-18	52.7061728395062
2024-10-21	51.2604938271605
2024-10-22	50.1
2024-10-23	47.7271604938272
2024-10-24	46.3506172839506
2024-10-25	42.9802469135803
2024-10-28	40.8876543209877
2024-10-29	39.2506172839506
2024-10-30	37.0395061728395
2024-10-31	35.9012345679012
2024-11-01	34.6777777777778
2024-11-04	33.879012345679
2024-11-05	33.6703703703704
2024-11-06	33.0567901234568
2024-11-07	34.1765432098765
2024-11-08	37.679012345679
2024-11-11	41.062962962963
2024-11-12	44.9123456790124
2024-11-13	46.3641975308642
2024-11-14	46.4493827160494
2024-11-15	43.0740740740741
2024-11-18	42.9296296296296
2024-11-19	40.9740740740741
2024-11-20	38.9222222222222
2024-11-21	36.2901234567901
2024-11-22	36.437037037037
2024-11-25	34.8864197530864
2024-11-26	35.1604938271605
2024-11-27	39.3024691358025
2024-11-29	45.4763821792807
2024-12-02	49.1492216854536
2024-12-03	53.4171229200215
2024-12-04	58.4418142780462
2024-12-05	65.7294685990338
2024-12-06	69.8827160493827
2024-12-09	75.1851851851852
2024-12-10	81.9469135802469
2024-12-11	89.637037037037
2024-12-12	89.9271604938272
2024-12-13	87.5913580246914
2024-12-16	86.7283950617284
2024-12-17	81.4901234567901
2024-12-18	71.3901234567901
2024-12-19	60.183950617284
2024-12-20	52.079012345679
2024-12-23	43.6444444444444
2024-12-24	39.3163446054751
2024-12-26	35.0904186795491
2024-12-27	34.9854804079442
2024-12-30	34.4077026301664
2024-12-31	31.9435050993022
2025-01-02	24.8469135802469
2025-01-03	23.1259259259259
2025-01-06	23.0024691358025
2025-01-07	23.6641975308642
2025-01-08	24.4185185185185
2025-01-10	25.6864197530864
2025-01-13	25.4864197530864
2025-01-14	24.4604938271605
2025-01-15	27.4555555555556
2025-01-16	28.9765432098766
2025-01-17	33.7222222222222
2025-01-21	37.5543209876543
2025-01-22	46.941975308642
2025-01-23	51.3851851851852
2025-01-24	56.1160493827161
2025-01-27	53.0086419753086
2025-01-28	53.7024691358025
2025-01-29	44.8320987654321
2025-01-30	39.1592592592593
2025-01-31	34.4728395061728
2025-02-03	32.1296296296296
2025-02-04	29.4172839506173
2025-02-05	33.4567901234568
2025-02-06	35.2518518518519
2025-02-07	33.0160493827161
2025-02-10	39.6864197530864
2025-02-11	41.7074074074074
2025-02-12	38.9716049382716
2025-02-13	39.0716049382716
2025-02-14	45.2382716049383
2025-02-18	46.437037037037
2025-02-19	48.6950617283951
2025-02-20	51.5024691358025
2025-02-21	50.3469135802469
2025-02-24	45.9950617283951
2025-02-25	40.2876543209877
2025-02-26	33.841975308642
2025-02-27	28.1024691358025
2025-02-28	24.3382716049383
2025-03-03	21.3691358024691
2025-03-04	19.220987654321
2025-03-05	16.7024691358025
2025-03-06	15.8691358024691
2025-03-07	14.683950617284
2025-03-10	14.4185185185185
2025-03-11	13.6543209876543
2025-03-12	14.020987654321
2025-03-13	14.2864197530864
2025-03-14	16.2864197530864
2025-03-17	16.3358024691358
2025-03-18	17.4666666666667
2025-03-19	18.4962962962963
2025-03-20	19.5592592592593
2025-03-21	19.5074074074074
2025-03-24	25.3358024691358
2025-03-25	29.7518518518519
2025-03-26	32.2234567901235
2025-03-27	33.6888888888889
2025-03-28	36.1172839506173
2025-03-31	32.383950617284
2025-04-01	29.3259259259259
2025-04-02	28.4740740740741
2025-04-03	25.9728395061728
2025-04-04	20.6543209876543
2025-04-07	16.6358024691358
2025-04-08	12.937037037037
2025-04-09	8.20617283950617
2025-04-10	6.14320987654321
2025-04-11	5.76666666666667

Note: The data show the depth at the best quoted prices to buy and sell, defined as the ask size plus the bid size divided by 2, for E-mini Standard & Poor's 500 futures. The average value is 278 market depth (number of contracts).

Source: LSEG, DataScope Tick History; Federal Reserve Board staff calculations.

Return to text

Figure 1.14. Commercial real estate prices adjusted for inflation were little changed

Jan. 2001 = 100

Date	Equal-weighted
2000-12-01	99.9045551599109
2001-01-01	100
2001-02-01	100.227139373583
2001-03-01	100.492548392287
2001-04-01	100.412616199569
2001-05-01	100.093249939308
2001-06-01	99.8719827211213
2001-07-01	99.9724879540692
2001-08-01	99.7211236060693
2001-09-01	99.0167854355636
2001-10-01	99.1062185164233
2001-11-01	99.022749552728
2001-12-01	99.1503093539684
2002-01-01	98.6703970091886
2002-02-01	98.0895069305071
2002-03-01	97.440392258886
2002-04-01	96.9158946404232
2002-05-01	97.0931458497932
2002-06-01	97.4368225522721
2002-07-01	97.9496683096237
2002-08-01	98.4325767915889
2002-09-01	99.1796203081214
2002-10-01	99.9469994986229
2002-11-01	100.85320300577
2002-12-01	101.95348171912
2003-01-01	102.343985694069
2003-02-01	102.307982122557
2003-03-01	102.302520501641
2003-04-01	103.018984548017
2003-05-01	103.622695882675
2003-06-01	103.943225220058
2003-07-01	104.300190871521
2003-08-01	104.446855132432
2003-09-01	104.679509016491
2003-10-01	105.322209329953
2003-11-01	106.012547721059
2003-12-01	106.431345814887
2004-01-01	106.248322265858
2004-02-01	106.194718420342
2004-03-01	106.304732758618
2004-04-01	106.989038427954
2004-05-01	107.521816840564
2004-06-01	108.420969788771
2004-07-01	109.915145595253
2004-08-01	111.239784312836
2004-09-01	112.384772903911
2004-10-01	113.073342026764
2004-11-01	114.226416474648
2004-12-01	115.839955092776
2005-01-01	116.826451442752
2005-02-01	117.345757297843
2005-03-01	117.591017277866
2005-04-01	118.010839143444
2005-05-01	119.471397244105
2005-06-01	120.87525383084
2005-07-01	121.893127148462
2005-08-01	122.962409607901
2005-09-01	123.186517306176
2005-10-01	124.503075199526
2005-11-01	126.755474645276
2005-12-01	128.232620239505
2006-01-01	128.056019582383
2006-02-01	128.571755223342
2006-03-01	128.568317161341
2006-04-01	128.017621965999
2006-05-01	127.782027219193
2006-06-01	127.876582545146
2006-07-01	127.809587912802
2006-08-01	127.822451270766
2006-09-01	128.706470912628
2006-10-01	129.733060529096
2006-11-01	130.408781665567
2006-12-01	130.845942199072
2007-01-01	131.306228816361
2007-02-01	131.654921450606
2007-03-01	131.659484835106
2007-04-01	132.01357112083
2007-05-01	132.354166528051
2007-06-01	133.104034708207
2007-07-01	133.752611755233
2007-08-01	133.966033368803
2007-09-01	132.773830284876
2007-10-01	131.216819673401
2007-11-01	129.040964005193
2007-12-01	127.875913615972
2008-01-01	126.19202077733
2008-02-01	124.967556907761
2008-03-01	123.125432986344
2008-04-01	121.564876091672
2008-05-01	119.525801564761
2008-06-01	117.092398740371
2008-07-01	115.098083545071
2008-08-01	114.102518174451
2008-09-01	112.673601665923
2008-10-01	112.001175327979
2008-11-01	112.106387251421
2008-12-01	111.032246402659
2009-01-01	108.23125006354
2009-02-01	105.304050565635
2009-03-01	102.61433359213
2009-04-01	99.8857354542633
2009-05-01	97.1499942315724
2009-06-01	93.9819611977512
2009-07-01	91.9630310319376
2009-08-01	89.8633682034152
2009-09-01	88.2270453532131
2009-10-01	86.8705504971036
2009-11-01	85.7837529399755
2009-12-01	85.0849803554764
2010-01-01	84.1127956822138
2010-02-01	83.5748350298149
2010-03-01	82.8823537346398
2010-04-01	82.5094796087811
2010-05-01	82.3536849345414
2010-06-01	82.4804377217758
2010-07-01	82.6671186008028
2010-08-01	82.893249554809
2010-09-01	83.2860920636566
2010-10-01	83.6565519238814
2010-11-01	84.0454085776979
2010-12-01	84.217330826713
2011-01-01	83.9971991250337
2011-02-01	83.6419964292184
2011-03-01	82.8460452678939
2011-04-01	82.3810481064439
2011-05-01	82.20559466454
2011-06-01	82.6489417417653
2011-07-01	83.1033143848882
2011-08-01	83.5102982154329
2011-09-01	84.0557114292858
2011-10-01	84.8089000312146
2011-11-01	85.3028732240139
2011-12-01	85.8117633720424
2012-01-01	85.6769755169155
2012-02-01	85.5326209775373
2012-03-01	85.1264696603024
2012-04-01	85.1098608894215
2012-05-01	85.4680863776213
2012-06-01	85.8979846986943
2012-07-01	86.3833915096232
2012-08-01	86.3351464342036
2012-09-01	86.4938605705834
2012-10-01	87.1947720150561
2012-11-01	88.3205444094308
2012-12-01	89.224008932074
2013-01-01	89.5448860993067
2013-02-01	89.3434049416681
2013-03-01	89.628150771683
2013-04-01	90.3007989063547
2013-05-01	90.832906268798
2013-06-01	91.4176180668537
2013-07-01	92.239617453962
2013-08-01	93.017860033575
2013-09-01	93.8047092080789
2013-10-01	94.9389746350884
2013-11-01	95.9786763034666
2013-12-01	96.7802648304835
2014-01-01	97.1787671222302
2014-02-01	97.5578102142074
2014-03-01	97.6619737459628
2014-04-01	98.1055533230478
2014-05-01	98.5865133553719
2014-06-01	99.2627174012628
2014-07-01	100.129079822364
2014-08-01	101.079144371143
2014-09-01	101.776976402805
2014-10-01	102.876414974701
2014-11-01	104.376000950328
2014-12-01	105.987187817306
2015-01-01	107.485008999207
2015-02-01	107.900583797792
2015-03-01	108.003889458511
2015-04-01	108.44257547474
2015-05-01	108.491794073923
2015-06-01	108.677864326092
2015-07-01	109.21141089785
2015-08-01	109.919479981229
2015-09-01	110.644320377956
2015-10-01	111.254432148829
2015-11-01	112.015650501004
2015-12-01	112.860696068985
2016-01-01	113.026967423405
2016-02-01	113.261866620101
2016-03-01	113.182426053849
2016-04-01	113.21254853978
2016-05-01	113.478602224113
2016-06-01	113.92212532452
2016-07-01	114.930668523525
2016-08-01	115.583407744998
2016-09-01	115.955915875963
2016-10-01	116.323215298842
2016-11-01	116.884128553343
2016-12-01	117.087428879009
2017-01-01	116.591162156778
2017-02-01	116.421934859877
2017-03-01	116.658364827193
2017-04-01	116.867261752437
2017-05-01	117.477534278005
2017-06-01	118.140524765615
2017-07-01	118.973703792609
2017-08-01	119.349296885351
2017-09-01	119.418258708879
2017-10-01	120.082699431599
2017-11-01	120.549840361651
2017-12-01	121.031422168394
2018-01-01	120.813402504633
2018-02-01	120.799131459927
2018-03-01	121.157908285579
2018-04-01	121.382858885926
2018-05-01	121.625912133177
2018-06-01	122.219256263457
2018-07-01	123.032325644144
2018-08-01	123.754009136096
2018-09-01	124.224536020575
2018-10-01	124.349281116104
2018-11-01	124.900648341415
2018-12-01	125.351457435165
2019-01-01	125.273323341302
2019-02-01	125.10620470098
2019-03-01	125.011042942156
2019-04-01	125.164450106997
2019-05-01	125.840211507792
2019-06-01	126.824718851339
2019-07-01	127.567206892495
2019-08-01	128.375580847739
2019-09-01	128.857489231414
2019-10-01	128.961894491412
2019-11-01	129.322083921565
2019-12-01	129.748673346056
2020-01-01	129.60314196474
2020-02-01	129.579007487781
2020-03-01	129.945118051644
2020-04-01	130.543953847619
2020-05-01	130.031195412984
2020-06-01	128.900277486125
2020-07-01	128.299421214534
2020-08-01	128.637391137326
2020-09-01	129.840185779202
2020-10-01	131.428837816395
2020-11-01	133.098505876702
2020-12-01	134.311954521974
2021-01-01	134.918846772302
2021-02-01	135.176838946642
2021-03-01	135.2633804319
2021-04-01	135.345862314567
2021-05-01	135.783693266496
2021-06-01	136.457122527078
2021-07-01	138.199481417517
2021-08-01	140.649886839533
2021-09-01	143.046205821836
2021-10-01	144.502244921881
2021-11-01	146.186179125561
2021-12-01	147.694003423704
2022-01-01	147.58115925139
2022-02-01	146.641494418047
2022-03-01	144.87531222328
2022-04-01	144.687566297325
2022-05-01	144.220394221715
2022-06-01	143.376901368563
2022-07-01	143.847596498662
2022-08-01	143.447634013861
2022-09-01	141.889158661982
2022-10-01	139.590001905435
2022-11-01	137.595518269866
2022-12-01	135.671082042157
2023-01-01	132.320719678228
2023-02-01	129.719360442349
2023-03-01	127.953933044246
2023-04-01	126.414908199987
2023-05-01	125.539689153659
2023-06-01	124.848164233861
2023-07-01	124.549141032985
2023-08-01	124.029488122785
2023-09-01	123.726943438561
2023-10-01	123.679957597401
2023-11-01	123.716109543218
2023-12-01	123.501035885694
2024-01-01	122.421496410624
2024-02-01	121.300164774374
2024-03-01	120.269135646002
2024-04-01	119.681574304032
2024-05-01	119.438934117897
2024-06-01	119.416151881725
2024-07-01	119.298618158019
2024-08-01	119.208463410683
2024-09-01	118.974059012001
2024-10-01	118.847545392487
2024-11-01	119.098186861201
2024-12-01	119.481379628063
2025-01-01	119.318462147202
2025-02-01	119.460158382426

Note: The data are deflated using the consumer price index. The dashed line at 100 indicates the index to January 2001 values.

Source: MSCI- Real Capital Analytics; consumer price index, Bureau of Labor Statistics via Haver Analytics.

Return to text

Figure 1.15. Income of commercial properties relative to prices continued to increase but remained below the historical average

Percent

Date	Percent
2001-01-01	8.57951995415488
2001-02-01	8.57123183069276
2001-03-01	8.55948038187681
2001-04-01	8.56635878507155
2001-05-01	8.58994899215558
2001-06-01	8.59301970565571
2001-07-01	8.60860668671342
2001-08-01	8.63997718489075
2001-09-01	8.65433631910588
2001-10-01	8.67818144016246
2001-11-01	8.7245835880486
2001-12-01	8.7891023466927
2002-01-01	8.81665781746223
2002-02-01	8.85720270943629
2002-03-01	8.88363168943262
2002-04-01	8.90630520873901
2002-05-01	8.90050949871427
2002-06-01	8.89214597315609
2002-07-01	8.84808094719048
2002-08-01	8.79041859841123
2002-09-01	8.72968434904153
2002-10-01	8.66966085131128
2002-11-01	8.61422183639833
2002-12-01	8.5442956308647
2003-01-01	8.49672321438123
2003-02-01	8.46602412360485
2003-03-01	8.45642364845539
2003-04-01	8.43575432876376
2003-05-01	8.39707040550659
2003-06-01	8.35465371644306
2003-07-01	8.32449705218763
2003-08-01	8.27356866964547
2003-09-01	8.25762486253892
2003-10-01	8.22922684636001
2003-11-01	8.20010925960628
2003-12-01	8.14820535923049
2004-01-01	8.11373770993423
2004-02-01	8.05202725744165
2004-03-01	7.98940857282224
2004-04-01	7.94335048313841
2004-05-01	7.91260988358629
2004-06-01	7.87597711758485
2004-07-01	7.84543592830385
2004-08-01	7.81900860767461
2004-09-01	7.76060400387393
2004-10-01	7.71454883489077
2004-11-01	7.65741317525977
2004-12-01	7.57455546322884
2005-01-01	7.52723113948278
2005-02-01	7.50112739001428
2005-03-01	7.46212098378911
2005-04-01	7.41236367620195
2005-05-01	7.35158136965481
2005-06-01	7.29421156143823
2005-07-01	7.23703900887022
2005-08-01	7.18599613917821
2005-09-01	7.13330086725095
2005-10-01	7.08316491264474
2005-11-01	7.05218368624813
2005-12-01	7.02128671866828
2006-01-01	6.97486859289599
2006-02-01	6.94360908753486
2006-03-01	6.90565817298801
2006-04-01	6.87169118307284
2006-05-01	6.84589219954109
2006-06-01	6.81466470838275
2006-07-01	6.77738600067699
2006-08-01	6.7637233661853
2006-09-01	6.74369536224695
2006-10-01	6.7364269745896
2006-11-01	6.72658512949431
2006-12-01	6.71229470591535
2007-01-01	6.69489528904053
2007-02-01	6.68345807520257
2007-03-01	6.66931427720389
2007-04-01	6.65056096182322
2007-05-01	6.62837818942516
2007-06-01	6.6175485834744
2007-07-01	6.61732433870289
2007-08-01	6.60735886376433
2007-09-01	6.60333803522247
2007-10-01	6.59572478247805
2007-11-01	6.58688029713707
2007-12-01	6.58476757485623
2008-01-01	6.58969951290042
2008-02-01	6.60055511800819
2008-03-01	6.61823276681089
2008-04-01	6.6442951122798
2008-05-01	6.68495203804509
2008-06-01	6.73024551456989
2008-07-01	6.77226414166548
2008-08-01	6.82617455212975
2008-09-01	6.87071395604349
2008-10-01	6.89156180251903
2008-11-01	6.93719019168336
2008-12-01	6.98869467217064
2009-01-01	7.04613946419748
2009-02-01	7.05293373626682
2009-03-01	7.07947213937689
2009-04-01	7.08659046137192
2009-05-01	7.12275683022887
2009-06-01	7.17760435176201
2009-07-01	7.26246628359397
2009-08-01	7.33999702686021
2009-09-01	7.42036717916739
2009-10-01	7.51815243605986
2009-11-01	7.56111664732619
2009-12-01	7.63283073505772
2010-01-01	7.64201548555978
2010-02-01	7.67246698933808
2010-03-01	7.73304860995521
2010-04-01	7.81176665991611
2010-05-01	7.82584058480536
2010-06-01	7.80508048907551
2010-07-01	7.77520153513719
2010-08-01	7.79180285217396
2010-09-01	7.75902219784935
2010-10-01	7.72902647979515
2010-11-01	7.7041548355098
2010-12-01	7.64684219041306
2011-01-01	7.63928112062773
2011-02-01	7.61248122141839
2011-03-01	7.56422708784928
2011-04-01	7.54380628308515
2011-05-01	7.5096755034245
2011-06-01	7.46485621270015
2011-07-01	7.43379406241739
2011-08-01	7.3835154652228
2011-09-01	7.35027777570606
2011-10-01	7.34598712721012
2011-11-01	7.32004140447982
2011-12-01	7.28778139001714
2012-01-01	7.25171638676673
2012-02-01	7.25265972123437
2012-03-01	7.23085878165015
2012-04-01	7.19459558223313
2012-05-01	7.16471492813406
2012-06-01	7.14532800538344
2012-07-01	7.13168227004127
2012-08-01	7.12147506309
2012-09-01	7.10813953156082
2012-10-01	7.07262455360065
2012-11-01	7.04815045588444
2012-12-01	7.0133136911518
2013-01-01	7.01711491648648
2013-02-01	7.00022833326775
2013-03-01	6.99070898587642
2013-04-01	6.97420247826394
2013-05-01	6.97869722520282
2013-06-01	6.95968926952234
2013-07-01	6.95388526856855
2013-08-01	6.92619264604872
2013-09-01	6.92296700320898
2013-10-01	6.92996267046593
2013-11-01	6.93995534066701
2013-12-01	6.92415391157674
2014-01-01	6.8979759078388
2014-02-01	6.88172083525117
2014-03-01	6.86325584882487
2014-04-01	6.86292104861955
2014-05-01	6.84329297353531
2014-06-01	6.82257345142165
2014-07-01	6.79721910363825
2014-08-01	6.78210940459373
2014-09-01	6.74325568759241
2014-10-01	6.70776529931324
2014-11-01	6.68484123639659
2014-12-01	6.64394292959445
2015-01-01	6.62770797734734
2015-02-01	6.6171371669642
2015-03-01	6.59805222190275
2015-04-01	6.56157150782615
2015-05-01	6.5350008402312
2015-06-01	6.52646126434028
2015-07-01	6.50722987507993
2015-08-01	6.4858936994408
2015-09-01	6.477986598108
2015-10-01	6.45869122230445
2015-11-01	6.43383907315587
2015-12-01	6.41573697943393
2016-01-01	6.41995081753312
2016-02-01	6.40553908880889
2016-03-01	6.39132845010344
2016-04-01	6.38536161822122
2016-05-01	6.37389885484036
2016-06-01	6.3573051012752
2016-07-01	6.33512877774695
2016-08-01	6.32942955416155
2016-09-01	6.3107675235588
2016-10-01	6.2984769826171
2016-11-01	6.30440097455771
2016-12-01	6.31562060086547
2017-01-01	6.29615708216678
2017-02-01	6.29722213445672
2017-03-01	6.30672232031324
2017-04-01	6.31181073895862
2017-05-01	6.30198525435171
2017-06-01	6.28785215674581
2017-07-01	6.28263861834979
2017-08-01	6.27819863504554
2017-09-01	6.27031426988485
2017-10-01	6.2692598181966
2017-11-01	6.26217884940148
2017-12-01	6.24328876426803
2018-01-01	6.23756129141185
2018-02-01	6.2274200255897
2018-03-01	6.21338609824993
2018-04-01	6.20416821434631
2018-05-01	6.19821392208382
2018-06-01	6.19972683549431
2018-07-01	6.20156218627751
2018-08-01	6.19294220588713
2018-09-01	6.20063082930124
2018-10-01	6.19938387527928
2018-11-01	6.19005221257283
2018-12-01	6.17487411681428
2019-01-01	6.18287283520358
2019-02-01	6.17718031306658
2019-03-01	6.18038274295495
2019-04-01	6.17809519984242
2019-05-01	6.19943689066938
2019-06-01	6.18727074483583
2019-07-01	6.18487285356218
2019-08-01	6.1684120207501
2019-09-01	6.15089279188233
2019-10-01	6.13666731122825
2019-11-01	6.12048497764222
2019-12-01	6.11511255590714
2020-01-01	6.11201169302564
2020-02-01	6.10948861865657
2020-03-01	6.08605369018399
2020-04-01	6.07758030068861
2020-05-01	6.03626813307686
2020-06-01	6.03004703392186
2020-07-01	6.00293802039243
2020-08-01	5.99811811781215
2020-09-01	5.99420364227332
2020-10-01	5.97426936551515
2020-11-01	5.96475186166155
2020-12-01	5.94383072363077
2021-01-01	5.91907778585436
2021-02-01	5.91038686103524
2021-03-01	5.89996663736573
2021-04-01	5.89691352526973
2021-05-01	5.8921530167384
2021-06-01	5.88042330469195
2021-07-01	5.86610934829172
2021-08-01	5.85092945861279
2021-09-01	5.80843332464553
2021-10-01	5.77582680150734
2021-11-01	5.75340886171811
2021-12-01	5.70113527446494
2022-01-01	5.67943346720226
2022-02-01	5.65845753635941
2022-03-01	5.63130188009274
2022-04-01	5.60076167421091
2022-05-01	5.5764067317097
2022-06-01	5.54772289152463
2022-07-01	5.53111137971883
2022-08-01	5.51732453803755
2022-09-01	5.52462322910782
2022-10-01	5.53735273855127
2022-11-01	5.54449420618826
2022-12-01	5.57222770738297
2023-01-01	5.5946851433803
2023-02-01	5.60327405600602
2023-03-01	5.64756568015179
2023-04-01	5.68672087110084
2023-05-01	5.74335567352252
2023-06-01	5.81445469751164
2023-07-01	5.86787556581678
2023-08-01	5.91794187573971
2023-09-01	5.97176506957244
2023-10-01	6.02009950246095
2023-11-01	6.06589488157665
2023-12-01	6.10971262329857
2024-01-01	6.13117560124404
2024-02-01	6.17041716503868
2024-03-01	6.21939844456923
2024-04-01	6.25149818236424
2024-05-01	6.28873657466119
2024-06-01	6.31371457659592
2024-07-01	6.33312120757567
2024-08-01	6.36587157075594
2024-09-01	6.39413763183877
2024-10-01	6.4087839164847
2024-11-01	6.41000640700535
2024-12-01	6.40489315990443
2025-01-01	6.41831785213978
2025-02-01	6.42962517514903

Note: The data are a 12-month moving average of weighted capitalization rates in the industrial, retail, office, and multifamily sectors, based on national square footage in 2009. The average value is 6.9 percent.

Source: MSCI—Real Capital Analytics; Andrew C. Florance, Norm G. Miller, Ruijue Peng, and Jay Spivey (2010), "Slicing, Dicing, and Scoping the Size of the U.S. Commercial Real Estate Market," Journal of Real Estate Portfolio Management, vol. 16 (May–August), pp. 101–18.

Return to text

Figure 1.16. Banks reported tightening lending standards for commercial real estate loans in the fourth quarter of 2024

This is a line chart titled "Banks reported tightening lending standards for commercial real estate loans in the fourth quarter of 2024". The x-axis measures time and ranges from 1997 to 2024. The data are quarterly. There is one line on the chart. The line shows "Net percentage of banks reporting." There is also a horizonal line marked at zero. Data points above zero to 100 are labeled "Tightening" and data points below zero to -100 are labeled "Easing". The series begins at about -7 in 1997 before a quick rise to around 40 in the middle of 1998. There is a dip and then an increase to 45 in 2000:Q1. There is a steady decrease and the series reaches its minimum of -25 in 2004:Q4. From there the series climbs to over 90 in 2008:Q4. From this peak, there is a decrease to below 0 starting in 2011 until 2015. The series has a small quick spike to around 27 in 2016, and remains roughly steady until another quick peak of 65 in 2020:Q2, before a dramatic decline to -17 in 2021:Q3. The series increased to 60 in mid-2023 before declining to a local minimum of about 3 in 2024:Q3. It increases slightly to its final value of about 8 in 2024:Q4.

Note: Banks' responses are weighted by their commercial real estate loan market shares. Survey respondents to the Senior Loan Officer Opinion Survey on Bank Lending Practices are asked about the changes over the quarter. The shaded bars with top caps indicate periods of business recession as defined by the National Bureau of Economic Research: March 2001–November 2001, December 2007–June 2009, and February 2020–April 2020.

Source: Federal Reserve Board, Senior Loan Officer Opinion Survey on Bank Lending Practices; Federal Reserve Board staff calculations.

Return to text

Figure 1.17. House prices continued to increase in recent months

12-month percent change

Date	Zillow	CoreLogic	Case-Shiller
2003-01-01	7.26332534373231	9.66696051923156	9.6272758502233
2003-02-01	7.34821224877626	9.6195385205472	9.75880944235376
2003-03-01	7.42269461960812	9.58292014330599	9.64979224963961
2003-04-01	7.50336554811996	9.49822952207847	9.46229343175909
2003-05-01	7.58896015990848	9.25589999787549	9.14810828710986
2003-06-01	7.65022220077094	8.99574545739362	8.91032453200359
2003-07-01	7.68648472198072	8.81738863934568	8.86086183199936
2003-08-01	7.72070815308109	8.96223169108277	9.01146476389
2003-09-01	7.78877467048203	9.36831049589821	9.22709163346615
2003-10-01	7.86424520720036	9.8682909557601	9.3863960678611
2003-11-01	7.91725640171265	10.299968581534	9.57833228048011
2003-12-01	7.94381869127312	10.8660168060977	9.81517892253243
2004-01-01	8.00181606663428	11.347539047989	10.2311006658833
2004-02-01	8.12949204176177	11.7552768646661	10.6756019636874
2004-03-01	8.32778330250711	12.3114810416522	11.4221637924368
2004-04-01	8.56356038999629	12.9815774488762	12.0239098781516
2004-05-01	8.84171023086703	13.4813763332134	12.5151699029126
2004-06-01	9.17549172121835	14.1254422720188	12.9775576071456
2004-07-01	9.54799693663055	14.4896635994115	13.1377645748236
2004-08-01	9.88596351055249	14.5576222426931	13.1278958593807
2004-09-01	10.1603455803733	14.7073062115727	13.1529034140648
2004-10-01	10.3782177777532	14.9704730921335	13.2772865632701
2004-11-01	10.5868627200476	15.1927784577723	13.4971535634503
2004-12-01	10.8234889364981	15.464005411207	13.6360381006947
2005-01-01	11.0586381131809	15.5683959962374	13.8014355767181
2005-02-01	11.2633290113605	15.8164284708895	14.0111244103358
2005-03-01	11.4205472221993	16.2123649642166	14.2282065519156
2005-04-01	11.6017669666081	16.3674974866848	14.2427144616227
2005-05-01	11.735813440258	16.2152757411456	14.2982337872455
2005-06-01	11.8333571834265	15.9983641887155	14.2838161041722
2005-07-01	11.8564324352368	15.8735700590202	14.2838387816726
2005-08-01	11.8760852570079	16.0125922940635	14.3674424652191
2005-09-01	11.8906302424721	16.2335527654648	14.5058345690155
2005-10-01	11.8919323394877	15.9559854514134	14.3634037108125
2005-11-01	11.8663777253136	15.5860626162556	14.0825396825397
2005-12-01	11.7646428868724	15.1734738957038	13.5123211697233
2006-01-01	11.573843252028	14.6623512275524	12.9269968150878
2006-02-01	11.316653248244	13.8103653623952	12.0854690298277
2006-03-01	11.039666540233	12.5033922529987	11.0402235994653
2006-04-01	10.6988665564953	10.9382243041654	9.97005988023952
2006-05-01	10.2910111599718	9.31178543134838	8.74668239457386
2006-06-01	9.75908602039988	7.47664492791741	7.28403673991396
2006-07-01	9.1002132154376	5.89581020535434	6.03676048248134
2006-08-01	8.33508479398544	4.51768731114855	4.82037289677127
2006-09-01	7.48175877132778	3.34227429372428	3.71037666798039
2006-10-01	6.63394182638629	2.42245461099367	2.96503496503497
2006-11-01	5.81138423875372	1.45405962708842	2.19835262689225
2006-12-01	5.05505552618081	0.371806984044254	1.73227472100382
2007-01-01	4.39214389808878	-0.538110689295665	1.04518055632361
2007-02-01	3.78664818266821	-1.39127997862213	0.534435261707988
2007-03-01	3.17851930640373	-2.69211455700667	-0.306429548563613
2007-04-01	2.53238901915151	-3.54809513503213	-0.827661312278797
2007-05-01	1.84383499339448	-4.19139527451867	-1.35047185161081
2007-06-01	1.15464472568493	-4.51227335018932	-1.63099431048497
2007-07-01	0.482553638650512	-4.84839340551253	-1.96089052597368
2007-08-01	-0.128110867819128	-5.42086444102317	-2.26138828633407
2007-09-01	-0.676396210400616	-6.30790307210789	-2.75787187839304
2007-10-01	-1.18462988573749	-7.42647430423531	-3.54251562075524
2007-11-01	-1.69199654383919	-8.56497429923127	-4.6125360779829
2007-12-01	-2.19139619025984	-9.65446803342453	-5.39758773126671
2008-01-01	-2.72756043245955	-10.8377175615254	-6.37040280210157
2008-02-01	-3.31728865170011	-11.9415710441545	-7.27790869732011
2008-03-01	-3.9727616253487	-12.6129646530988	-7.84346012404632
2008-04-01	-4.67934997561601	-13.2058688217102	-8.13155438423105
2008-05-01	-5.35861066661929	-13.319424582751	-8.17527076804661
2008-06-01	-5.99807705949875	-13.340425601525	-8.26264184201829
2008-07-01	-6.58609869362452	-13.6587124310925	-8.44245538427537
2008-08-01	-7.22557810234873	-14.0627201573668	-8.84980302946235
2008-09-01	-7.82903668780974	-14.8912695127325	-9.60808396605628
2008-10-01	-8.39175235000199	-15.6920051642764	-10.3475468934828
2008-11-01	-8.87292473543928	-16.1884347528257	-10.8986069878968
2008-12-01	-9.32851331860628	-16.9743995948529	-11.9995384792893
2009-01-01	-9.70502577657835	-17.4618404351501	-12.6958148234744
2009-02-01	-9.90914222693296	-17.0668323959073	-12.748980436196
2009-03-01	-9.98765492158043	-16.2867180775165	-12.7397260273973
2009-04-01	-9.97954847000261	-15.0020256123998	-12.1802534066459
2009-05-01	-9.95217344584196	-13.2943448841091	-11.2860735241289
2009-06-01	-9.85000393375858	-11.5838162073255	-10.0516392458268
2009-07-01	-9.63945453888595	-10.0548164924816	-9.02781968499186
2009-08-01	-9.295522257369	-8.69431870788539	-8.2846359873387
2009-09-01	-8.89048913838322	-7.47589806550391	-7.58446050274844
2009-10-01	-8.40776569967481	-5.85512846102444	-6.64111585825584
2009-11-01	-7.75534650201142	-3.88288876735019	-5.20920099955148
2009-12-01	-6.96855514717156	-2.2338695606658	-3.84817097154845
2010-01-01	-6.1170100413746	-1.41914471679546	-2.91912158543118
2010-02-01	-5.38646759896267	-1.4310555843284	-3.09578647879691
2010-03-01	-4.67244554689381	-0.295283839039686	-1.98621254521875
2010-04-01	-3.93003009814639	0.782685449371042	-1.04804682183203
2010-05-01	-3.19360226487686	0.982926488366688	-0.762637510967129
2010-06-01	-2.60227506126864	0.658781030920796	-1.40186915887852
2010-07-01	-2.29249975066624	-0.184542776195942	-2.11608623548922
2010-08-01	-2.17256080003217	-1.21417490400047	-2.81409703325146
2010-09-01	-2.20788880459507	-2.09645487086077	-3.35494219073714
2010-10-01	-2.36049412007013	-2.77034630392409	-3.6745406824147
2010-11-01	-2.71331984458353	-3.56873076993939	-4.13681222117075
2010-12-01	-3.16146798392389	-3.7144802911392	-4.1180882252676
2011-01-01	-3.64302228920793	-3.61294292229181	-4.11724137931034
2011-02-01	-4.08345244298509	-3.54467480545862	-3.71897937783993
2011-03-01	-4.53804429884518	-4.34684732423273	-4.05292479108635
2011-04-01	-5.07260407799277	-4.54368559110873	-4.29160935350757
2011-05-01	-5.6081346461936	-4.41725092231177	-4.31855277475517
2011-06-01	-6.02302820332401	-3.92236296227167	-3.89979688557887
2011-07-01	-6.14535919206956	-3.09815130190307	-3.53754404987802
2011-08-01	-6.06068926148395	-2.32888537849199	-3.17557877484122
2011-09-01	-5.81962118261594	-1.67888379450976	-3.07032708664686
2011-10-01	-5.5521689921402	-1.43995542665198	-3.29770139034444
2011-11-01	-5.22744892776964	-1.40310396519797	-3.63841489211677
2011-12-01	-4.90563433045524	-1.04114151161619	-3.88963947948517
2012-01-01	-4.5328426693388	-0.437989424267712	-3.50284111342876
2012-02-01	-4.06691196613932	0.501297561072116	-2.71545777971392
2012-03-01	-3.48002015167118	1.87695707389086	-1.3935259108724
2012-04-01	-2.77505673919191	2.65039116717813	-0.495832135671168
2012-05-01	-1.98687131825813	3.33254461543284	0.248773900063966
2012-06-01	-1.14730989985077	3.72957336883135	0.8665633366211
2012-07-01	-0.351399448269795	4.11056765190561	1.36293382042995
2012-08-01	0.328961082119619	4.63665577489131	2.05952884751022
2012-09-01	1.00440022089509	5.2735693942864	2.98922736676894
2012-10-01	1.70734229127121	5.95030033785235	4.00982587963298
2012-11-01	2.4402986064592	6.93260870537346	5.33440655641738
2012-12-01	3.16160761208422	7.79710286080323	6.43681562592484
2013-01-01	3.86108774331751	8.68200892052317	7.56559332140728
2013-02-01	4.46483753005746	9.34489446455581	8.33644301813567
2013-03-01	4.94274977731178	9.89426061181539	8.90622699838068
2013-04-01	5.37502550739115	9.93427941307588	9.0272261139597
2013-05-01	5.86449262763041	9.76210185975755	9.08961996596712
2013-06-01	6.37972584972837	9.42572245805997	9.2547321366208
2013-07-01	6.77928768387246	9.47461625138042	9.70335458830053
2013-08-01	7.21093454263133	9.62532678234134	10.1520387007602
2013-09-01	7.52747328092477	9.92800889691501	10.6054308672762
2013-10-01	7.88653976193687	10.1608707342368	10.8293970547374
2013-11-01	8.02639600726597	10.068206339161	10.7051059395624
2013-12-01	8.09049519011865	9.91299923966422	10.7187543445016
2014-01-01	8.00871943802805	9.85379700931076	10.4358672302682
2014-02-01	7.91831279637102	9.80842163855161	10.1336456324056
2014-03-01	7.80730537787898	8.94562911719661	8.94160583941605
2014-04-01	7.64407616171404	7.96874916215796	7.94197522686627
2014-05-01	7.44207067917955	7.02439852637481	7.03236708696217
2014-06-01	7.08958751991568	6.31883306320908	6.25879043600564
2014-07-01	6.81382427081266	5.72798435194787	5.59135708870356
2014-08-01	6.44361330167711	5.3367369272978	5.05677896982245
2014-09-01	6.11943658237465	5.04442173725242	4.74102837101523
2014-10-01	5.60451726034136	5.06127851866503	4.60670636164211
2014-11-01	5.30232335445731	5.02311585663547	4.57454819277108
2014-12-01	5.1220584294852	4.97884879257907	4.5015067805123
2015-01-01	5.09879238827729	4.99008389674111	4.31072347367761
2015-02-01	5.04174687720317	5.05618508830166	4.22218052167386
2015-03-01	4.98770633347361	5.16517600125794	4.27445871331969
2015-04-01	4.97461744075746	5.20419464420516	4.30166912125674
2015-05-01	4.94061588988684	5.19106782146712	4.35389846975953
2015-06-01	4.95076186166914	5.19949169739897	4.35593526261957
2015-07-01	4.98706276228288	5.08857081027607	4.40375755399989
2015-08-01	5.16545126617356	5.09885548470959	4.46700507614214
2015-09-01	5.42532830540552	5.30667106247543	4.65797656063142
2015-10-01	5.8362449877064	5.34930703393145	4.87717195925703
2015-11-01	6.10778883980193	5.42409159835879	5.08850885088508
2015-12-01	6.30644027197776	5.52575007122596	5.19675578251728
2016-01-01	6.46147027106533	5.64383205527149	5.28152069297401
2016-02-01	6.61443055465376	5.65308742220006	5.19145360700997
2016-03-01	6.60343844668381	5.6220315872181	5.06306520704426
2016-04-01	6.51101601870859	5.58069354897719	5.01264929105137
2016-05-01	6.36988143995517	5.41751063176817	4.94035496072157
2016-06-01	6.34107547502293	5.20131135530286	4.87748630729317
2016-07-01	6.1767139431605	5.19068804823139	4.88280130666513
2016-08-01	5.96535382875401	5.14959522104506	4.98485108329046
2016-09-01	5.73109949118018	5.16345108508677	5.0848425984117
2016-10-01	5.56774132827685	5.31252541706905	5.12454296160878
2016-11-01	5.52277887866194	5.42388759317957	5.19042996631074
2016-12-01	5.5106693897626	5.44491046537912	5.30553969160479
2017-01-01	5.45546327005609	5.4851818349598	5.4965146840361
2017-02-01	5.42942446148433	5.63030747121539	5.55714041193586
2017-03-01	5.57429405280402	5.67905272983116	5.62319497140269
2017-04-01	5.80717300514586	5.65626678455796	5.62496498403271
2017-05-01	5.96607884841952	5.67022171501831	5.6504380614395
2017-06-01	5.99927893459878	5.76217938228283	5.68412951459513
2017-07-01	6.07264745916575	5.78669697981664	5.73192721709197
2017-08-01	6.17909002055657	5.85702706056036	5.81540974680098
2017-09-01	6.26954122700061	5.9265269001706	5.90985701081934
2017-10-01	6.32619827257556	5.97958038185076	6.01054290527689
2017-11-01	6.37245790545931	6.05937147888374	6.09054391488438
2017-12-01	6.41531456033592	6.04263427414553	6.20424101090082
2018-01-01	6.45056653481573	6.01319874308998	6.20667244367418
2018-02-01	6.44234018892094	6.19161749419637	6.42127452570131
2018-03-01	6.50658240056361	6.35391372565763	6.45507184216169
2018-04-01	6.45999511259092	6.28044955041783	6.40216411181244
2018-05-01	6.46746783556958	6.16218996066867	6.24573557969874
2018-06-01	6.35281090540836	5.90256595929786	6.12743823146944
2018-07-01	6.42796524255233	5.73648931995755	5.91214470284238
2018-08-01	6.46983779680619	5.52320132843089	5.65018267894818
2018-09-01	6.49846082367067	5.37370898543564	5.42094455852156
2018-10-01	6.30242026004604	5.20916407245124	5.26990311170349
2018-11-01	6.06834407890003	4.90486629927397	4.93757674989767
2018-12-01	5.83373212127731	4.61166287555488	4.51922585916356
2019-01-01	5.68357257601734	4.41244337045984	4.1203467618562
2019-02-01	5.62254536549166	4.14634553926039	3.81939153842248
2019-03-01	5.50212027170331	3.85588672297801	3.62610797743754
2019-04-01	5.38384953297716	3.76258804100643	3.52442671984048
2019-05-01	5.1636682460809	3.7228279137453	3.41352566319221
2019-06-01	5.059020799921	3.66518468087787	3.20541096897515
2019-07-01	4.82164331713139	3.62727194734843	3.11310627500732
2019-08-01	4.63553632314547	3.71157073724488	3.10262529832936
2019-09-01	4.40871271722333	3.79702933781696	3.16517335410986
2019-10-01	4.44408077145445	3.90557395601126	3.21402483564645
2019-11-01	4.61256818710416	4.13485589464292	3.41313569652348
2019-12-01	4.84581061701552	4.40299632705463	3.68379910103576
2020-01-01	5.06252843343251	4.65381645146923	4.02096189636594
2020-02-01	5.19241109108276	4.90564423078326	4.30507313732205
2020-03-01	5.31793585288514	5.2491893717468	4.57814930015553
2020-04-01	5.40544688537185	5.23857833931728	4.59864207637117
2020-05-01	5.36796971042062	4.94784940138567	4.36132607241807
2020-06-01	5.2360611776455	5.17024570008247	4.37859144227573
2020-07-01	5.23577963769328	5.768858674955	4.84099943214084
2020-08-01	5.60131333424805	6.34575472165463	5.83900226757369
2020-09-01	6.48546233024393	7.11497662931246	7.04710657981685
2020-10-01	7.51169353168901	7.95554464337271	8.42179759377213
2020-11-01	8.57408195002287	8.70370968655727	9.52897354896507
2020-12-01	9.492837682537	9.42889593090103	10.4278578833286
2021-01-01	10.279671905007	9.91554238310511	11.314092000565
2021-02-01	11.1048183388216	10.4296966612623	12.1898597626753
2021-03-01	11.9578879206845	11.426030822652	13.4863834928897
2021-04-01	13.0454679741898	12.8762381743298	14.9986189117024
2021-05-01	14.5700588310714	14.5804886001029	16.9130773103859
2021-06-01	16.3773054233756	15.9271983042175	18.8179626006643
2021-07-01	17.854693133521	16.5441429707509	19.8284811554954
2021-08-01	18.3645152031645	16.7710568205412	19.9607212997679
2021-09-01	17.8408008043298	16.7940427113589	19.6745888266679
2021-10-01	17.0345459419893	16.6938960280501	19.0644038294169
2021-11-01	16.3112349110095	16.7081104107863	18.803271631511
2021-12-01	15.8769684994141	16.895922093731	18.8649455941967
2022-01-01	15.9600883126454	17.1489120957044	19.2496404703494
2022-02-01	16.3243824026726	17.803525221979	20.0459866220736
2022-03-01	16.9443808722699	18.5156742459511	20.7821457821458
2022-04-01	17.3962759583866	18.6572742084956	20.724579663731
2022-05-01	17.4164339350742	18.1328014279962	19.9357920288153
2022-06-01	16.9832543647969	16.5126570454439	17.9934903312273
2022-07-01	16.0263171907521	14.4601816440843	15.6320626789212
2022-08-01	14.9107419139948	12.44233153285	12.9483554100313
2022-09-01	13.7477431320985	10.8429669493397	10.6812571386463
2022-10-01	12.630096228233	9.75612391903988	9.13709294250941
2022-11-01	11.3494218436015	8.46681331010658	7.540401478368
2022-12-01	9.90518348877628	7.01695924701894	5.64689833429064
2023-01-01	7.98521038199808	5.94547199476375	3.84847302521901
2023-02-01	5.92914125436513	5.00380871350993	2.22880027860005
2023-03-01	3.8918386651231	3.84113732371844	0.861162908967629
2023-04-01	2.2405089632633	2.79251888892746	0.0132639188248236
2023-05-01	1.04239853425239	2.211156561358	-0.27746947835737
2023-06-01	0.239676892891325	2.23518105227082	0.0973583436100511
2023-07-01	0.0380334580210373	3.0004432633031	1.10104892826894
2023-08-01	0.400293362477981	4.00332887096131	2.69139544076954
2023-09-01	1.12623060389368	4.76723140564585	4.05459387483356
2023-10-01	1.75310470506621	4.95986994868772	4.79890157730819
2023-11-01	2.24092407786296	5.27259921127759	5.18548468614171
2023-12-01	2.63984615283087	5.58691166885577	5.67807264942743
2024-01-01	3.12584697998092	5.77430243039682	6.17528519707632
2024-02-01	3.62268859131984	5.74172128129915	6.55084312723555
2024-03-01	4.09283501488966	5.46394817256885	6.5481192645131
2024-04-01	4.33924454804729	5.28605367495742	6.39236099598819
2024-05-01	4.25888194121626	4.97015954623736	5.99692297620217
2024-06-01	3.83266561375432	4.71234228449973	5.48566982233174
2024-07-01	3.3492208515813	4.27111844349708	4.93620311895863
2024-08-01	2.93529258831481	3.95478555692692	4.29859173002277
2024-09-01	2.70117346480813	3.63823127920694	3.89660246976774
2024-10-01	2.59852945347594	3.46107339694674	3.55978781875119
2024-11-01	2.54774200255624	3.37151829671921	3.71580498430392
2024-12-01	2.62548990247892	3.3325745165615	3.96463022508038
2025-01-01	2.67808536439452	3.28350407558832	4.07900662677733
2025-02-01	2.57792936119367

Note: The data extend through February 2025 for Zillow and January 2025 for CoreLogic and Case-Shiller.

Source: Zillow, Inc., Real Estate Data; CoreLogic, Inc., Real Estate Data; S&P Case-Shiller Home Price Indices.

Return to text

Figure 1.18. Model-based measures of house price valuations climbed to near historically high levels

Percent

Date	Owners' equivalent rent	Market-based rents
1979 Q1	-2.522356
1979 Q2	-2.107027
1979 Q3	-1.735942
1979 Q4	0.2476236
1980 Q1	-1.800601
1980 Q2	-3.071253
1980 Q3	-4.11974
1980 Q4	0.7765371
1981 Q1	5.028568
1981 Q2	-0.2989462
1981 Q3	-1.404636
1981 Q4	1.075645
1982 Q1	-1.186334
1982 Q2	2.040483
1982 Q3	5.159324
1982 Q4	2.49958
1983 Q1	5.412419
1983 Q2	5.401907
1983 Q3	3.995501
1983 Q4	-4.098709
1984 Q1	-3.220999
1984 Q2	-3.859002
1984 Q3	-1.135221
1984 Q4	-0.1206418
1985 Q1	1.824047
1985 Q2	6.859153
1985 Q3	8.547259
1985 Q4	6.558027
1986 Q1	7.713731
1986 Q2	5.3221
1986 Q3	4.575118
1986 Q4	2.907347
1987 Q1	0.5605757
1987 Q2	-3.252292
1987 Q3	-2.514158
1987 Q4	-3.773837
1988 Q1	-5.414679
1988 Q2	-0.8212743
1988 Q3	-0.5456174
1988 Q4	2.101108
1989 Q1	-0.4993668
1989 Q2	2.115839
1989 Q3	2.311478
1989 Q4	2.281568
1990 Q1	2.915658
1990 Q2	0.1206418
1990 Q3	-2.055777
1990 Q4	-2.159962
1991 Q1	-0.1616728
1991 Q2	0.1709659
1991 Q3	-1.094761
1991 Q4	-2.605774
1992 Q1	-3.867001
1992 Q2	-4.345115
1992 Q3	-3.539037
1992 Q4	-5.666629
1993 Q1	-4.699122
1993 Q2	-4.981854
1993 Q3	-6.07898
1993 Q4	-5.12047
1994 Q1	-6.121392
1994 Q2	-8.327618
1994 Q3	-9.619538
1994 Q4	-8.999312
1995 Q1	-8.002613
1995 Q2	-4.066604
1995 Q3	-2.522724
1995 Q4	-1.217343
1996 Q1	-1.42775
1996 Q2	-5.162833
1996 Q3	-5.953329
1996 Q4	-7.135345
1997 Q1	-6.442668
1997 Q2	-3.70557
1997 Q3	-3.296985
1997 Q4	-4.850688
1998 Q1	-3.609644
1998 Q2	-1.544523
1998 Q3	-3.860934
1998 Q4	-2.834891
1999 Q1	-3.158942
1999 Q2	-1.897717
1999 Q3	-2.703803
1999 Q4	-3.506282
2000 Q1	-1.11043
2000 Q2	0.7476729
2000 Q3	3.954485
2000 Q4	5.66554
2001 Q1	7.292458
2001 Q2	7.214261
2001 Q3	6.23967
2001 Q4	5.197408
2002 Q1	3.957978
2002 Q2	5.17838
2002 Q3	5.462768
2002 Q4	6.456894
2003 Q1	8.46014
2003 Q2	10.11029
2003 Q3	8.756621
2003 Q4	8.450975
2004 Q1	9.666768	9.790403
2004 Q2	10.08131	9.456412
2004 Q3	14.58415	13.49968
2004 Q4	17.49615	16.79807
2005 Q1	18.03317	17.7036
2005 Q2	22.894	20.98469
2005 Q3	24.56396	22.32756
2005 Q4	25.34116	22.8334
2006 Q1	26.91274	23.64298
2006 Q2	26.65891	24.38691
2006 Q3	26.6558	25.19966
2006 Q4	27.44852	26.37323
2007 Q1	26.84059	25.58978
2007 Q2	27.90347	25.5051
2007 Q3	26.04074	24.42854
2007 Q4	22.58089	21.86736
2008 Q1	20.42382	19.77453
2008 Q2	17.8258	17.20998
2008 Q3	14.5979	15.11616
2008 Q4	9.502544	12.03076
2009 Q1	3.964568	9.402412
2009 Q2	2.785321	9.367735
2009 Q3	0.2094185	6.973314
2009 Q4	-2.477303	4.019486
2010 Q1	-4.727762	1.643217
2010 Q2	-2.671272	3.054481
2010 Q3	-4.570558	0.2856427
2010 Q4	-6.546397	-2.555238
2011 Q1	-7.187676	-4.57345
2011 Q2	-10.65273	-7.892694
2011 Q3	-14.86437	-11.46105
2011 Q4	-16.78599	-13.86056
2012 Q1	-13.49374	-11.86846
2012 Q2	-15.29246	-13.19907
2012 Q3	-17.88593	-15.02129
2012 Q4	-17.51051	-14.51207
2013 Q1	-17.48456	-14.50394
2013 Q2	-16.20893	-13.32259
2013 Q3	-16.08164	-13.14332
2013 Q4	-14.36506	-11.71275
2014 Q1	-12.48096	-10.44569
2014 Q2	-11.48345	-10.07699
2014 Q3	-7.337473	-7.577165
2014 Q4	-7.301196	-7.58906
2015 Q1	-6.518571	-7.434618
2015 Q2	-6.490273	-7.491774
2015 Q3	-6.059019	-7.51754
2015 Q4	-5.800029	-7.276579
2016 Q1	-5.686956	-6.994635
2016 Q2	-5.225313	-6.329087
2016 Q3	-4.970549	-5.827818
2016 Q4	-4.624734	-5.086417
2017 Q1	-4.388714	-4.777756
2017 Q2	-4.386745	-4.292302
2017 Q3	-4.323604	-3.843829
2017 Q4	-1.162319	-1.299282
2018 Q1	0.6432926	0.2117942
2018 Q2	0.6335897	-0.0959713
2018 Q3	1.342067	0.5151113
2018 Q4	1.923581	0.7667382
2019 Q1	4.188242	2.595471
2019 Q2	4.782778	2.698301
2019 Q3	4.816716	2.383018
2019 Q4	6.428515	3.754591
2020 Q1	5.554335	3.426365
2020 Q2	4.960705	4.303326
2020 Q3	4.221198	2.490195
2020 Q4	8.123354	3.765896
2021 Q1	10.172	5.105909
2021 Q2	11.18987	5.303944
2021 Q3	13.70159	5.559357
2021 Q4	15.26423	4.742177
2022 Q1	21.46985	9.291476
2022 Q2	24.95014	12.32425
2022 Q3	22.96114	12.06748
2022 Q4	21.08545	12.05044
2023 Q1	20.36274	12.37444
2023 Q2	24.47757	15.69968
2023 Q3	25.37011	17.37273
2023 Q4	26.91874	18.40076
2024 Q1	25.71	18.25821
2024 Q2	25.64581	19.24737
2024 Q3	26.7767	20.25323
2024 Q4	27.74995	21.42913
2025 Q1		19.93034

Note: The owners' equivalent rent value for 2025:Q1 is based on monthly data through February 2025. The data for the market-based rents model begin in 2004:Q1 and extend through 2025:Q1.

Source: For house prices, Zillow, Inc., Real Estate Data; for rent data, Bureau of Labor Statistics.

Return to text

Figure 1.19. House price-to-rent ratios were broadly unchanged and remained elevated across geographic areas

Jan. 2010 = 100

Data	Median	Bottom Line Middle 80%	Top Line Middle 80%
1996-01-01	81.9680915418025	72.6547933360693	104.969631383528
1996-02-01	81.6689457903426	72.6255118999169	104.797602661804
1996-03-01	81.5252691787409	72.3216000210176	104.561305749538
1996-04-01	81.7334999605233	72.2239304015069	105.018792300492
1996-05-01	81.8119532362291	72.0983885933461	104.590773978762
1996-06-01	81.885950628156	71.9923858368561	104.457295233909
1996-07-01	81.9094979140019	71.9351625855537	104.370979982836
1996-08-01	81.9694079023341	71.764951402132	104.381536708425
1996-09-01	81.9964342065548	71.638543706227	104.191741815074
1996-10-01	82.0233026013277	71.4165622920381	104.220643447553
1996-11-01	82.1049269119031	71.3794593609361	103.995635259149
1996-12-01	82.1660680193713	71.4568716900979	103.987119445547
1997-01-01	82.2822815264348	71.5052670569091	103.530708831671
1997-02-01	82.3792746549758	71.5085343672572	103.59713869554
1997-03-01	82.6113790686862	71.6238264052834	103.355712229594
1997-04-01	82.9667723257522	71.7573302754465	103.025176080841
1997-05-01	83.1407175465859	71.9871873959188	103.080496513145
1997-06-01	83.3083957492601	71.9711149818734	102.780928654584
1997-07-01	85.6573067443588	72.0397849848321	102.11686095569
1997-08-01	85.7499973214926	72.1564678445789	102.086683038579
1997-09-01	85.8527553740535	72.1800589336234	102.40079383182
1997-10-01	85.9312167684345	72.2090977450022	102.477045169076
1997-11-01	85.9384692648857	72.3935340719656	102.755300088312
1997-12-01	86.1312113841598	72.4849426380219	102.976023536624
1998-01-01	84.160070258265	73.1525735248624	102.556196983778
1998-02-01	84.2319085876922	73.6454581428501	102.797724746196
1998-03-01	84.3138424979393	74.0570400930065	103.23735941158
1998-04-01	84.2593233112729	74.4052044483368	102.501484079759
1998-05-01	84.2259716020456	74.5472388164411	102.727896439404
1998-06-01	84.1818453563905	74.4264382367169	102.454784402654
1998-07-01	84.2675130708874	74.3113245567336	102.782356094201
1998-08-01	84.5248519715664	74.3209322321466	103.115407187921
1998-09-01	84.8805575737289	74.1214168554938	103.360257289131
1998-10-01	85.1754552079103	74.1168896210413	103.578439484894
1998-11-01	85.4191020056422	74.0721852485136	103.369011199851
1998-12-01	85.628592606828	74.0376330084484	103.768132625868
1999-01-01	85.9582237645995	74.1053305200649	104.089144006301
1999-02-01	86.4578152263263	74.1012966834374	104.756828130955
1999-03-01	87.0953123343675	74.4916191636476	105.274723847925
1999-04-01	87.9150475618979	74.8671409249393	105.796521328493
1999-05-01	88.6794452137111	75.2957983803099	106.556279498544
1999-06-01	89.233023742841	75.8326710831595	107.210588691476
1999-07-01	89.7766637371137	76.3923505079984	107.663317979151
1999-08-01	90.1639803386796	76.7373375867402	107.869784397465
1999-09-01	90.4144237787371	77.2166812350257	107.820344244697
1999-10-01	90.7623313000361	77.7199287428267	107.915441950039
1999-11-01	90.8346763562551	78.0872184369458	108.031284332519
1999-12-01	91.3795864689797	78.5542343589824	108.490591724316
2000-01-01	91.7117447499991	78.8072431687543	108.573395030339
2000-02-01	91.7328344955905	79.1816316823969	108.539402726491
2000-03-01	91.5453622466403	79.5476105755479	108.29380179119
2000-04-01	92.1432488407022	80.0205991259321	108.351038941892
2000-05-01	92.5343449687123	80.8398628324237	108.450341685962
2000-06-01	92.9722142455659	81.3568062760544	108.575210800855
2000-07-01	93.6438145614563	82.0624693663224	108.727260004772
2000-08-01	94.1964286086917	82.6913126054309	108.790149812036
2000-09-01	95.0527697788969	83.1002394650173	108.847976799265
2000-10-01	95.5531811809836	83.7565819128673	108.877251719446
2000-11-01	95.6651689912544	84.2284418484807	108.929195066962
2000-12-01	96.3252462710731	84.6221067612788	108.94123991041
2001-01-01	97.0607389610475	84.7278595680042	108.806610525369
2001-02-01	98.0688317088553	85.1096312473944	108.585393094434
2001-03-01	98.5469350781781	85.6073008317604	108.491032562067
2001-04-01	99.0491952746398	86.1562349047862	108.606112370451
2001-05-01	99.1234235057362	86.5230902141653	109.390567656555
2001-06-01	98.786668517181	87.0105405888233	110.054690317477
2001-07-01	99.0220319874559	87.6222095647537	110.884666268885
2001-08-01	98.8653548315283	88.0353552184695	111.843799918336
2001-09-01	98.8907563227985	88.2408018828969	112.691020865588
2001-10-01	98.8857422125429	88.8351173028083	113.738952753094
2001-11-01	98.7155066114249	89.0298198041066	114.589822651252
2001-12-01	98.7599667289444	88.7180172475541	114.567939618561
2002-01-01	98.7381867532124	88.5807008100532	114.800888316128
2002-02-01	98.9815968141317	88.50221061756	115.005746305513
2002-03-01	99.2288482557036	88.5681908150889	115.355166158616
2002-04-01	99.845953356277	88.7756044749324	114.656804692808
2002-05-01	100.397648402697	89.2223802544949	114.905781077248
2002-06-01	101.174776487204	89.9592419433065	115.123655959421
2002-07-01	101.982888145176	90.6555623760902	114.859400591858
2002-08-01	102.051194704682	90.7588122255299	115.140168677105
2002-09-01	102.089457138756	90.8999710043312	115.679764768019
2002-10-01	102.398281350996	91.1374770594815	116.640342018659
2002-11-01	102.691127418534	91.3299405445296	116.404230368244
2002-12-01	103.384336507718	91.5058440620076	116.437566274999
2003-01-01	103.764462591097	91.7272498221575	116.597716093872
2003-02-01	104.586831752793	91.8734443668123	116.830745881213
2003-03-01	105.006499237677	92.1409121606175	118.640245192366
2003-04-01	105.508819170165	92.40816505478	120.422719907917
2003-05-01	106.005748400306	92.7491417140623	122.073665087822
2003-06-01	106.907569687109	93.021720379295	123.464062023301
2003-07-01	107.38821889169	93.3794211769476	125.139387035663
2003-08-01	107.937668234126	93.4974323263613	126.74302806177
2003-09-01	108.492247905036	94.0408754292707	129.296327961785
2003-10-01	109.154492278944	95.0390744999399	130.657107006782
2003-11-01	109.854288814269	96.1705971954944	132.412894826814
2003-12-01	110.621082185029	97.1720989696339	133.631563201049
2004-01-01	111.16039890976	98.0031491136845	135.108527714924
2004-02-01	111.83782252777	98.942957395666	137.710065135874
2004-03-01	112.460187142686	99.9548136259402	140.143391237565
2004-04-01	113.167495508733	101.088285050521	142.778136862453
2004-05-01	114.310914094735	102.752557498733	145.048325878676
2004-06-01	115.665399301681	103.646991397185	149.227633346733
2004-07-01	116.819841501861	104.605483230384	152.656112971385
2004-08-01	118.015916574138	105.704814039121	155.018256567157
2004-09-01	119.288362866306	106.261178934302	157.389791587856
2004-10-01	120.231671546952	106.437679299436	159.884849539508
2004-11-01	121.584735264641	106.554001350615	160.883970720098
2004-12-01	122.453200465673	106.358170684624	162.913917268981
2005-01-01	122.961095383691	107.010387324603	164.162503266482
2005-02-01	123.590613356628	107.106763688912	166.044514833837
2005-03-01	124.067843892359	106.871982695823	168.10102808148
2005-04-01	124.896298175145	107.618349074015	169.966706684755
2005-05-01	125.404132657404	107.931377069813	172.904140146285
2005-06-01	125.681752761526	108.63906383696	174.66437371477
2005-07-01	126.450649313284	108.332515239775	174.652741669398
2005-08-01	127.35117195831	108.708915867272	174.27155328188
2005-09-01	128.065187377304	109.521036845567	173.39966170724
2005-10-01	127.978625734599	110.936564729663	173.824153988111
2005-11-01	128.436338995757	112.483482949373	173.616565304714
2005-12-01	128.859020306713	112.86979821804	174.139011070499
2006-01-01	129.369296638536	112.922127688726	174.607465490358
2006-02-01	129.884121286286	112.90819014535	174.524072687279
2006-03-01	130.852162967976	112.6234346365	173.776119708962
2006-04-01	131.236031815706	112.289601888247	174.250367734266
2006-05-01	130.952650959837	111.979325750896	173.845741328801
2006-06-01	130.878348702851	111.702924758568	172.33318407088
2006-07-01	130.804090615273	111.349131173186	171.604632406146
2006-08-01	130.566150002433	111.193834250449	170.802947335426
2006-09-01	130.405057963854	110.915189351985	170.168866255328
2006-10-01	129.931627999713	111.044716969469	169.304312216648
2006-11-01	129.619597468243	111.507390534915	168.210340079273
2006-12-01	129.343182030063	112.54808778838	167.262541002752
2007-01-01	129.473428835524	112.766651977861	165.381118502994
2007-02-01	129.472545311521	112.92106390669	164.323618655287
2007-03-01	130.221326758165	112.644398801497	163.521693293008
2007-04-01	130.61061971335	112.169339514317	162.576729463745
2007-05-01	130.551046215525	112.783447284177	161.677583691008
2007-06-01	130.754965083605	112.819286706907	161.030328354383
2007-07-01	129.856230681699	112.473158356259	159.048772799595
2007-08-01	128.841520337913	112.098825935951	156.619960987738
2007-09-01	128.529723032551	111.701246180068	154.153274393072
2007-10-01	128.021379793385	111.216985979499	151.783936158204
2007-11-01	127.281983881549	110.731624974686	149.580070328315
2007-12-01	126.367418332017	110.162773528442	147.238972877037
2008-01-01	125.408893663182	109.42441560548	144.718848472765
2008-02-01	124.23918945332	109.128695353461	142.026616605915
2008-03-01	123.255644202403	108.557981325197	139.291474836477
2008-04-01	122.253667168547	107.972896845293	136.480639113786
2008-05-01	121.042038450906	107.307825831283	133.72915729613
2008-06-01	119.418727417926	106.624951155793	131.156921505641
2008-07-01	117.542992438314	106.147885709635	128.691354073407
2008-08-01	115.662760863542	105.641386767755	126.617263812381
2008-09-01	112.771655267983	105.098062090846	124.508211187759
2008-10-01	111.343061740395	104.457790149894	122.42579242191
2008-11-01	109.781939835803	103.831208406239	120.139146030403
2008-12-01	108.395584457104	102.814078375451	117.797390536008
2009-01-01	107.236332227245	101.207479809896	115.455684793039
2009-02-01	106.065954288878	100.000600380637	113.402089513678
2009-03-01	104.80444248124	99.839402456576	111.349398898197
2009-04-01	103.921661882983	99.606569624033	109.23365318165
2009-05-01	103.006740461063	99.3626895626515	107.338440676552
2009-06-01	101.92924426041	99.2185356565326	105.627559928396
2009-07-01	101.259448249388	98.8057190708553	104.265240687235
2009-08-01	100.445775488624	98.1933604366363	103.026593615678
2009-09-01	100.389972465094	97.9841783530777	102.067584532937
2009-10-01	100.148747916291	98.212588064364	101.293466560638
2009-11-01	100.16172397283	98.6725411005153	100.968161655315
2009-12-01	100.057533453337	99.5216601886815	100.602251628862
2010-01-01	100	100	100
2010-02-01	99.9389241228337	99.5547996908794	100.553591878659
2010-03-01	100.10415702906	99.4240113919567	100.815054925016
2010-04-01	99.9377201702852	98.9674116474046	101.129624118941
2010-05-01	99.8750371833489	98.7707625774213	101.51589216475
2010-06-01	99.6413780472662	98.7144144194714	101.69979011515
2010-07-01	99.3277109995964	98.0342623096682	101.607712065521
2010-08-01	98.8738382690804	97.1671760414325	100.503708887276
2010-09-01	98.3037373286663	96.0805952514782	100.016951247521
2010-10-01	97.7178058817395	94.887203692235	99.7048876601237
2010-11-01	97.0523666007259	93.8511742334943	99.1945411197309
2010-12-01	96.4097568913881	93.0055946910269	98.7719456641428
2011-01-01	95.7788458406376	92.3446860611343	98.3289032437784
2011-02-01	95.1852697851191	90.9382409762751	97.8962906747335
2011-03-01	94.6005048772386	90.4007076456833	97.1977163725558
2011-04-01	94.1226499410347	89.4056586977967	96.871466514728
2011-05-01	93.3603960398608	88.5492349087734	96.2545429176436
2011-06-01	92.5165859316082	86.9775187962572	95.819126109355
2011-07-01	91.8571638794362	85.9352834039009	94.9829111108015
2011-08-01	91.1214562176735	85.1841537505206	94.5385046525214
2011-09-01	90.4340049420311	84.9017235921305	94.0915831226996
2011-10-01	89.8610309330661	84.5209584900899	93.6253225799108
2011-11-01	89.3321215956204	84.1032170105721	93.338256971175
2011-12-01	88.8943214657289	83.3319053036578	93.173162146696
2012-01-01	88.5406819858194	82.6752177594268	92.8687788311097
2012-02-01	88.1771416829096	81.996811661301	92.6959794465223
2012-03-01	88.0644836118515	81.9896827165712	92.7562784502785
2012-04-01	87.5680400289883	82.1198237630824	92.7893206775337
2012-05-01	87.4529048262741	82.2216988316731	92.907689114553
2012-06-01	87.845363840025	82.7020843723221	92.991662261925
2012-07-01	88.4239739999323	83.397475363079	93.0859846886667
2012-08-01	89.3386431805834	83.5645260346095	93.4131343382259
2012-09-01	90.197053724389	83.7872880606016	93.3349952297612
2012-10-01	90.708719698311	83.9761283103639	94.0561853514425
2012-11-01	90.9200172942496	84.3268567013602	94.9705260720127
2012-12-01	90.8792591711916	84.9157148784287	96.0786147089644
2013-01-01	91.2851843303981	85.2411209083355	96.9192718518249
2013-02-01	91.4461746102226	85.5635687926629	98.1668473173828
2013-03-01	91.8607738204039	85.5465329983411	98.9408515948646
2013-04-01	92.2883329678493	85.5471074536714	100.024794843831
2013-05-01	92.765944725127	85.5086772666948	101.606726495764
2013-06-01	93.3794636015468	85.4696857544399	103.069424337048
2013-07-01	94.0572837988866	85.4610830606384	104.83462824277
2013-08-01	94.7823116487041	85.6148365401703	106.460919685815
2013-09-01	95.4529956037891	85.7908717861194	107.744231691388
2013-10-01	96.302631382262	86.1005976633976	108.857968109102
2013-11-01	96.8987000879754	86.3130758594859	109.349081344489
2013-12-01	97.7181792854622	86.8362039037329	109.811467633301
2014-01-01	98.4800607869415	87.2770832404587	110.13680201155
2014-02-01	99.2106732477043	87.4622290219605	110.466134023805
2014-03-01	99.8008113241044	87.5840039239165	110.74547963345
2014-04-01	100.114506519542	87.9517913715965	111.0212260619
2014-05-01	100.551513168809	88.1883017976062	111.583567744477
2014-06-01	100.719444307484	88.4178567569856	112.023292740601
2014-07-01	101.027275131066	88.7792275579027	112.446761663963
2014-08-01	101.067601838224	88.9158101281142	113.428307820408
2014-09-01	101.297234280068	89.0092404900682	114.195425659471
2014-10-01	101.824551937244	88.9159892279839	114.89111191571
2014-11-01	102.240203519068	89.0665876335543	115.181924322555
2014-12-01	102.431641581929	89.2805011934455	115.933241442193
2015-01-01	102.378560936747	89.2909177381915	116.643063997536
2015-02-01	102.702109958122	88.7417132087341	117.12751594699
2015-03-01	102.630345623253	88.6804658796032	117.449741429084
2015-04-01	102.807000808103	88.5547925075348	118.064907933579
2015-05-01	103.027976002525	88.5482912319933	119.077940706845
2015-06-01	103.133629942089	88.3634058056447	119.587191790805
2015-07-01	103.642040911744	88.5204053340995	120.252245905137
2015-08-01	104.263497086093	88.9717660066455	120.886886528423
2015-09-01	104.837359405495	89.2589844167079	121.536783144202
2015-10-01	105.254821647239	89.7362049202793	122.323172568617
2015-11-01	105.664441558832	89.6607764219283	122.984916895994
2015-12-01	106.087836258159	89.5824702178525	123.33632015757
2016-01-01	106.522722490121	89.833266380076	123.795549055943
2016-02-01	106.872072573639	89.6876370500178	124.25972735303
2016-03-01	107.22219532119	89.6229093468225	124.61001204893
2016-04-01	107.56203158863	89.6177329238669	124.608502250916
2016-05-01	107.758414577946	89.3495554283013	125.393511282976
2016-06-01	108.167371913585	89.7552644725177	126.083842901281
2016-07-01	108.235812025415	90.0122127655001	126.544603190378
2016-08-01	108.173823850156	90.0485226325363	126.745942020829
2016-09-01	108.010205280039	90.2999919923226	127.082268268249
2016-10-01	108.094911304482	90.5710120617337	127.414664352405
2016-11-01	108.417629393014	90.7813161625496	127.077513294601
2016-12-01	109.118780716772	90.9667480835059	127.017367035176
2017-01-01	109.713586145315	91.3062520958261	127.112983736484
2017-02-01	110.27302179872	90.7156359444208	127.591670262168
2017-03-01	110.782999199103	90.6199971020629	127.993735020058
2017-04-01	111.413783097344	90.4843759478317	128.24439715429
2017-05-01	111.902037129887	90.7417584251391	128.485405788858
2017-06-01	112.008772128158	91.190289389162	129.135685209023
2017-07-01	112.485224525618	91.4360615626244	129.643961305433
2017-08-01	113.075612505491	91.641325077643	130.141262315043
2017-09-01	113.603391653344	91.8989906267721	130.605056925396
2017-10-01	114.012216513945	92.1548395118345	131.046981636139
2017-11-01	114.206547152824	92.4443986396571	131.622996957083
2017-12-01	114.30197285836	92.8072486900552	132.178658053187
2018-01-01	114.551163051399	93.047495517595	132.759517505787
2018-02-01	114.928489274713	93.2015831549535	133.101407188243
2018-03-01	115.480094591557	93.452996672664	133.544060199874
2018-04-01	115.960963118345	93.4405087226022	133.838174976475
2018-05-01	116.444586036148	93.5125440581569	134.336135538831
2018-06-01	116.35609982415	93.3304215131108	133.951199243037
2018-07-01	116.779972628764	93.4643546334644	134.611414878081
2018-08-01	116.958367621706	93.7152372810914	135.271587291907
2018-09-01	116.932232785472	93.897998084432	135.618594163031
2018-10-01	116.760648810694	94.0244922720417	135.503886774444
2018-11-01	116.462986925517	94.09037818293	135.356001362883
2018-12-01	115.960041168897	93.9071978386843	135.464985077027
2019-01-01	115.887393420572	93.9944108145815	135.323683294115
2019-02-01	115.508072415427	94.0564005871999	134.783307314139
2019-03-01	115.006425349327	94.0552359775142	134.377882415498
2019-04-01	114.608899542455	94.0667199138799	133.960831171229
2019-05-01	114.268247886973	94.2337111540441	133.57181986225
2019-06-01	114.125424690379	94.4416865851301	133.032969558937
2019-07-01	113.934603312149	94.5409074016815	132.890620150757
2019-08-01	113.809007085548	94.600647058034	133.402676456427
2019-09-01	113.642272837751	94.7194348617272	133.598335771764
2019-10-01	113.950262520815	94.8979761220721	134.297894659411
2019-11-01	113.885363958049	94.7839244886568	135.178177270855
2019-12-01	114.063881275652	94.9371422666575	135.700187459017
2020-01-01	114.080945982105	94.9639714247019	135.764174227022
2020-02-01	114.280293011373	94.9272411397105	135.728595151513
2020-03-01	114.566820069322	94.8340677445007	135.966691194631
2020-04-01	114.493959781029	94.9404462470528	136.913423524514
2020-05-01	114.27572998169	94.52375129951	135.934695692491
2020-06-01	114.192946355592	94.252820526226	135.274682021944
2020-07-01	114.484379473263	94.1539482706381	134.886595756544
2020-08-01	115.219410621787	94.178993670305	135.372077377004
2020-09-01	116.607593419863	95.0631757765916	136.758767586338
2020-10-01	118.53354499917	95.9782984675831	138.267109748231
2020-11-01	120.677058616396	97.1733705281807	140.305107494352
2020-12-01	122.306887226331	98.28772323491	141.475523321797
2021-01-01	124.151648809794	99.1957796633383	142.887811465977
2021-02-01	125.798550701727	100.075715413561	144.445439665077
2021-03-01	126.891188238471	100.844005056137	145.740177004205
2021-04-01	128.143219729419	101.358047026261	147.297568787049
2021-05-01	129.813099206048	102.135674018176	149.287195571801
2021-06-01	131.889787449217	102.902959701521	151.364373492366
2021-07-01	133.335030448088	103.49354306778	153.959925902373
2021-08-01	134.568237687553	104.273246993285	156.003397086156
2021-09-01	134.819594784145	104.151464608391	156.712350080807
2021-10-01	135.135148720034	104.483783365712	157.614448415007
2021-11-01	136.10920001677	104.165606156937	159.151123171242
2021-12-01	137.070504096417	104.667798041832	160.533080203706
2022-01-01	138.492411106209	105.444715199855	161.835424398462
2022-02-01	141.245511332588	106.053265152717	164.486344481692
2022-03-01	143.625417465452	107.031205861637	167.933025654832
2022-04-01	145.6544626327	107.886657990934	170.734558239838
2022-05-01	147.079952226686	108.350179559739	172.021551639806
2022-06-01	147.348782496107	108.45947727323	172.817589623991
2022-07-01	147.0462726301	107.99935222537	170.804388751074
2022-08-01	145.607688120771	107.393858829038	167.639884393766
2022-09-01	143.660243600531	106.59926885212	163.889644881541
2022-10-01	141.993063986739	105.245700588752	161.241507815299
2022-11-01	139.992116206001	104.680781069138	158.554346108813
2022-12-01	138.180228522831	103.937684964357	156.148268212109
2023-01-01	135.79291532441	103.481574163407	153.689695354666
2023-02-01	134.113988105279	102.775854725895	151.964969230416
2023-03-01	132.811954810789	102.008885516664	149.409010128442
2023-04-01	132.12666597231	101.87179649274	147.916649996172
2023-05-01	131.71538629927	101.96425612529	146.589500619386
2023-06-01	131.665583571734	102.35051364517	146.326826150023
2023-07-01	132.442752942294	102.957928830678	147.386110542952
2023-08-01	133.400207340457	103.518758029418	149.134463376171
2023-09-01	134.084847102635	103.947992388115	150.567045588314
2023-10-01	135.002871390606	103.854549945671	151.43639019792
2023-11-01	134.964410639713	103.722614024979	151.195099697561
2023-12-01	134.872553876385	103.779022533064	150.843398008521
2024-01-01	134.555232102206	103.594656032811	150.239442919551
2024-02-01	134.527827984013	103.619974498831	150.20530018096
2024-03-01	134.591444252442	103.630776735481	150.159700214995
2024-04-01	134.653894446132	103.556330642532	150.223679696386
2024-05-01	133.877644025231	103.404098625405	150.872835324959
2024-06-01	133.781589093354	102.972411766265	151.080163885438
2024-07-01	133.589735743102	102.666147272087	150.903794824864
2024-08-01	133.124798062506	102.42596293094	149.954302887263
2024-09-01	133.192832902753	102.559421363854	149.765901807687
2024-10-01	133.213989107092	102.773210354623	149.779114311463
2024-11-01	133.913724759026	102.959246090576	149.755779616778
2024-12-01	133.205107423088	103.002495567315	149.715654541389
2025-01-01	133.435622093858	103.004142547116	150.037102739114
2025-02-01	133.042620436713	102.973200886685	150.050242757661

Note: The data are seasonally adjusted. Percentiles are based on 19 large metropolitan statistical areas.

Source: For house prices, Zillow, Inc., Real Estate Data; for rent data, Bureau of Labor Statistics.

*Note: On September 19, 2025, the top-right label in figure 1.19 was corrected to show that the data are indexed to January 2010 = 100.

Return to text

Figure 1.20. Inflation adjusted farmland prices rose further in 2024 from already-elevated levels

2023 dollars per acre

Date	Midwest index	United States
1967	3025.379138
1968	3173.297307
1969	3111.826444
1970	2976.517549
1971	2782.110632
1972	2786.487419
1973	2996.795136
1974	3618.146919
1975	4030.747994
1976	4735.26991
1977	5682.806762
1978	5934.423065
1979	6021.945671
1980	6026.593789
1981	5733.10871
1982	5224.523077
1983	4435.48434
1984	3898.567429
1985	2780.081361
1986	2208.022704
1987	1878.483441
1988	2057.682355
1989	2251.452079
1990	2260.315034
1991	2211.154003
1992	2217.82709
1993	2220.180033
1994	2692.336562
1995	2598.003012
1996	2774.401045
1997	2553.16891	2410.65225
1998	2698.476925	2504.773815
1999	2724.445767	2560.766683
2000	2688.326895	2583.534404
2001	2669.177044	2598.812704
2002	2709.427217	2693.518491
2003	2745.028662	2748.930679
2004	2868.856777	2822.672262
2005	3314.821171	3214.494085
2006	3575.169067	3613.022496
2007	3961.772716	3717.938681
2008	4420.776398	3906.887181
2009	4201.320111	3791.635478
2010	4425.143737	3772.498561
2011	5135.763764	4036.973698
2012	6014.299037	4446.033913
2013	6886.476665	4983.477727
2014	7408.56964	5264.668768
2015	7114.01307	5271.155487
2016	6779.531419	5129.013533
2017	6570.487097	5009.542318
2018	6411.755341	4914.538012
2019	6222.602545	4862.767447
2020	6027.392966	4779.228763
2021	6213.031541	4891.569709
2022	6662.373024	5143.93652
2023	6886.767206	5320
2024	6959.762982	5402.959934

Note: The data for the U.S. begin in 1997. Midwest index is a weighted average of Corn Belt and Great Plains states derived from staff calculations. Values are given in real terms. The median value is 3,596.66 2023 dollars per acre.

Source: Department of Agriculture; Federal Reserve Bank of Minneapolis staff calculations.

Return to text

Figure 1.21. Farmland prices relative to rents increased to historical highs in 2024

Ratio

Date	Midwest index	United States
1967	14.13418315
1968	14.19879016
1969	14.19528763
1970	13.99434936
1971	13.50686423
1972	13.4008375
1973	14.17058401
1974	14.52808886
1975	14.60469881
1976	16.1613832
1977	18.02016694
1978	19.56115904
1979	20.57529648
1980	21.54630274
1981	21.24967971
1982	19.55679439
1983	17.41888327
1984	15.94691892
1985	12.99502491
1986	11.89889043
1987	11.72150084
1988	12.5228119
1989	13.29508303
1990	13.40922896
1991	13.50559036
1992	13.73775651
1993	13.88773898
1994	17.97416274
1995	17.34956535
1996	18.36206647
1997	16.6669417
1998	17.46987848	20.15037594
1999	18.1991863	20.74074074
2000	17.83993333	20.85714286
2001	17.9534721	21.26760563
2002	18.17789453	22.20670391
2003	18.63356997	22.73972603
2004	19.44520488	22.87581699
2005	22.49879125	26.41025641
2006	24.60507286	30.06289308
2007	25.78446123	32.64516129
2008	26.32248824	32.28070175
2009	24.43030238	26.96969697
2010	25.43891798	26.47058824
2011	27.83627176	26.84684685
2012	28.47719386	26.8
2013	30.44885464	28.01470588
2014	32.18539376	29.0070922
2015	31.64414073	28.47222222
2016	32.1020429	29.70588235
2017	32.28286079	29.63235294
2018	31.88732337	29.34782609
2019	31.69066141	29.14285714
2020	31.22402639	29.20863309
2021	32.63138601	30.85106383
2022	35.18499877	33.37837838
2023	35.8479229	34.32258065
2024	36.3370819	34.8125

Note: The data for the U.S. begin in 1998. Midwest index is a weighted average of Corn Belt and Great Plains states derived from staff calculations. The median value is 18.19 ratio.

Source: Department of Agriculture; Federal Reserve Bank of Minneapolis staff calculations.

Return to text

Figure 2.1. The total debt of businesses and households relative to GDP declined to its lowest level in 20 years

Ratio

Date	Private Nonfinancial-Sector Credit-to-GDP Ratio
1980 Q1	0.97690406840244
1980 Q2	0.986460409701747
1980 Q3	0.985762211782811
1980 Q4	0.970645008619832
1981 Q1	0.945661073565572
1981 Q2	0.962580931987408
1981 Q3	0.956740596618607
1981 Q4	0.971714066430994
1982 Q1	0.992005624404835
1982 Q2	0.994518561380468
1982 Q3	0.998200706884249
1982 Q4	1.00177513349504
1983 Q1	0.998792254189179
1983 Q2	0.992476070512075
1983 Q3	0.989277018003193
1983 Q4	0.990527592914971
1984 Q1	0.994903601639077
1984 Q2	1.00582127747873
1984 Q3	1.0173845871335
1984 Q4	1.03731977743554
1985 Q1	1.05476165485626
1985 Q2	1.0692320892261
1985 Q3	1.07819825644044
1985 Q4	1.10435602847285
1986 Q1	1.11505106375616
1986 Q2	1.13359858668438
1986 Q3	1.15175135193088
1986 Q4	1.17386020821332
1987 Q1	1.17852862124843
1987 Q2	1.18574100737387
1987 Q3	1.19426088968186
1987 Q4	1.18912562594923
1988 Q1	1.20281067503034
1988 Q2	1.20499337576849
1988 Q3	1.2096593968958
1988 Q4	1.2114270019737
1989 Q1	1.21102515163067
1989 Q2	1.21535839078137
1989 Q3	1.21740292325426
1989 Q4	1.22944938585272
1990 Q1	1.22831760036821
1990 Q2	1.22658450597883
1990 Q3	1.2283274337519
1990 Q4	1.24203307624169
1991 Q1	1.24132245975181
1991 Q2	1.23189717672766
1991 Q3	1.21616639034525
1991 Q4	1.21021144409645
1992 Q1	1.20013792015278
1992 Q2	1.1847809910516
1992 Q3	1.17579794601228
1992 Q4	1.16360952418444
1993 Q1	1.16403829787803
1993 Q2	1.16434689751223
1993 Q3	1.16769610081112
1993 Q4	1.16216217372249
1994 Q1	1.16464380214209
1994 Q2	1.16126095308483
1994 Q3	1.16525625505127
1994 Q4	1.16684841685526
1995 Q1	1.17558086375038
1995 Q2	1.18723790551559
1995 Q3	1.18994523712682
1995 Q4	1.19393596931575
1996 Q1	1.2009556371075
1996 Q2	1.19730979329851
1996 Q3	1.19961204750764
1996 Q4	1.19584126484863
1997 Q1	1.20118514993145
1997 Q2	1.2004551097129
1997 Q3	1.20671229228624
1997 Q4	1.21409809618103
1998 Q1	1.23042526459204
1998 Q2	1.24994562247852
1998 Q3	1.25534636897294
1998 Q4	1.26176773788569
1999 Q1	1.27890763840087
1999 Q2	1.28949855189
1999 Q3	1.30366971946682
1999 Q4	1.30309644209104
2000 Q1	1.32308959877643
2000 Q2	1.32043547247583
2000 Q3	1.33713407374276
2000 Q4	1.34317831100495
2001 Q1	1.35453477578479
2001 Q2	1.36723162562506
2001 Q3	1.39691178163468
2001 Q4	1.40366850789342
2002 Q1	1.4105894190198
2002 Q2	1.41433906531
2002 Q3	1.4234105119792
2002 Q4	1.43876150585553
2003 Q1	1.44611888765558
2003 Q2	1.46179899769871
2003 Q3	1.45521351047566
2003 Q4	1.45363717710674
2004 Q1	1.46770376049812
2004 Q2	1.47446840391767
2004 Q3	1.48316234613245
2004 Q4	1.4947318693526
2005 Q1	1.49685281586079
2005 Q2	1.51679082071054
2005 Q3	1.52634127902137
2005 Q4	1.5423047410562
2006 Q1	1.55578300424438
2006 Q2	1.57997499386335
2006 Q3	1.59843406592614
2006 Q4	1.61510211146218
2007 Q1	1.62755951169595
2007 Q2	1.64884389631999
2007 Q3	1.66727649880868
2007 Q4	1.68125147722829
2008 Q1	1.7069920194678
2008 Q2	1.69924068834695
2008 Q3	1.71032228406754
2008 Q4	1.72680833085014
2009 Q1	1.73846118558632
2009 Q2	1.7367357019939
2009 Q3	1.71612378037277
2009 Q4	1.67571604304862
2010 Q1	1.65754130992962
2010 Q2	1.62475490135541
2010 Q3	1.60408449380571
2010 Q4	1.57997453080361
2011 Q1	1.57722131488834
2011 Q2	1.55826284607096
2011 Q3	1.55073844812777
2011 Q4	1.53668154270171
2012 Q1	1.51993163150589
2012 Q2	1.51174740229831
2012 Q3	1.51039088660643
2012 Q4	1.51095979950329
2013 Q1	1.49678826928262
2013 Q2	1.49988358321248
2013 Q3	1.49223491459574
2013 Q4	1.48884869194246
2014 Q1	1.50340405232363
2014 Q2	1.48922568063445
2014 Q3	1.47267856825918
2014 Q4	1.48051753233112
2015 Q1	1.48367686070645
2015 Q2	1.48710947569184
2015 Q3	1.49104513916325
2015 Q4	1.49642695901853
2016 Q1	1.50992962135834
2016 Q2	1.50875692654789
2016 Q3	1.51027333979123
2016 Q4	1.5018141763543
2017 Q1	1.50864513868301
2017 Q2	1.51605629055485
2017 Q3	1.51215352776005
2017 Q4	1.50877103499271
2018 Q1	1.5015995973742
2018 Q2	1.51030527704506
2018 Q3	1.50986271757939
2018 Q4	1.51485149035511
2019 Q1	1.51762182875765
2019 Q2	1.51271800114572
2019 Q3	1.50771599118504
2019 Q4	1.50328909799233
2020 Q1	1.56219987272443
2020 Q2	1.73466921529312
2020 Q3	1.60510973918713
2020 Q4	1.59000065567777
2021 Q1	1.56931556906575
2021 Q2	1.56464523452812
2021 Q3	1.55096245960464
2021 Q4	1.52579234854465
2022 Q1	1.52836555909223
2022 Q2	1.52069533539972
2022 Q3	1.51243275590894
2022 Q4	1.49565997240172
2023 Q1	1.48483783475252
2023 Q2	1.47763959216597
2023 Q3	1.45823329679237
2023 Q4	1.44642293288889
2024 Q1	1.44232023755952
2024 Q2	1.43488521822285
2024 Q3	1.4277954992481
2024 Q4	1.4045388244274

Note: The shaded bars with top caps indicate periods of business recession as defined by the National Bureau of Economic Research: January 1980–July 1980, July 1981–November 1982, July 1990–March 1991, March 2001–November 2001, December 2007–June 2009, and February 2020–April 2020. GDP is gross domestic product.

Source: Federal Reserve Board staff calculations based on Bureau of Economic Analysis, national income and product accounts, and Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States."

Return to text

Figure 2.2. Both business and household debt-to-GDP ratios continued to fall

Ratio

Date	Nonfinancial business credit-to-GDP	Household credit-to-GDP
1980 Q1	0.497089082464168	0.479814985938272
1980 Q2	0.503135465254283	0.483324944447463
1980 Q3	0.502212335938985	0.483549875843826
1980 Q4	0.494959232062895	0.475685776556937
1981 Q1	0.483995613605505	0.461665459960067
1981 Q2	0.496222963119425	0.466357968867983
1981 Q3	0.497047944111054	0.459692652507553
1981 Q4	0.506418521234643	0.46529554519635
1982 Q1	0.520148110956167	0.471857513448668
1982 Q2	0.524987604937857	0.469530956442611
1982 Q3	0.532621656514142	0.465579050370107
1982 Q4	0.532162097902139	0.469613035592896
1983 Q1	0.535836654034519	0.462955600154661
1983 Q2	0.530769677840467	0.461706392671608
1983 Q3	0.528241107303278	0.461035910699915
1983 Q4	0.526836334619863	0.463691258295109
1984 Q1	0.53095428057033	0.463949321068747
1984 Q2	0.539386587343728	0.466434690135004
1984 Q3	0.548403011568832	0.468981575564669
1984 Q4	0.560616465845545	0.476703311589998
1985 Q1	0.563395354510743	0.491366300345518
1985 Q2	0.570321174922646	0.49891091430345
1985 Q3	0.571316774312234	0.506881482128207
1985 Q4	0.580125892926657	0.524230135546188
1986 Q1	0.586240492788872	0.528810570967285
1986 Q2	0.597604359629863	0.535994227054522
1986 Q3	0.606116672009209	0.54563467992167
1986 Q4	0.617304906554346	0.556555301658978
1987 Q1	0.622311079938909	0.556217541309521
1987 Q2	0.622555220799973	0.563185786573897
1987 Q3	0.626249064653791	0.568011825028073
1987 Q4	0.626274112948218	0.562851513001014
1988 Q1	0.632230398244008	0.570580276786327
1988 Q2	0.633170752572815	0.571822623195677
1988 Q3	0.634549063145073	0.575110333750723
1988 Q4	0.636912911896248	0.57451409007745
1989 Q1	0.636353838228802	0.574671313401871
1989 Q2	0.637711464645736	0.577646926135638
1989 Q3	0.635508874321488	0.581894048932773
1989 Q4	0.640293414035301	0.589155971817414
1990 Q1	0.635767255986641	0.592550344381572
1990 Q2	0.632316492472854	0.594268013505977
1990 Q3	0.630873951558042	0.59745348219386
1990 Q4	0.634807742492464	0.607225333749228
1991 Q1	0.627908240651726	0.613414219100083
1991 Q2	0.618510421811361	0.613386754916301
1991 Q3	0.605622809255073	0.610543581090172
1991 Q4	0.59480648219981	0.615404961896644
1992 Q1	0.586127017923019	0.614010902229762
1992 Q2	0.575229690841714	0.609551300209883
1992 Q3	0.567154653345599	0.608643292666677
1992 Q4	0.556485500320845	0.607124023863598
1993 Q1	0.555042686195131	0.608995611682901
1993 Q2	0.553508850644719	0.610838046867508
1993 Q3	0.553012903913894	0.614683196897225
1993 Q4	0.5482899418256	0.613872231896886
1994 Q1	0.549388868370741	0.615254933771354
1994 Q2	0.546313467038668	0.614947486046162
1994 Q3	0.547564852357942	0.61769140269333
1994 Q4	0.545779049716121	0.621069367139137
1995 Q1	0.550259635065869	0.625321228684514
1995 Q2	0.555906564796161	0.631331340719433
1995 Q3	0.55480862279346	0.63513661433336
1995 Q4	0.556647041280727	0.637288928035019
1996 Q1	0.55591037543776	0.645045261669743
1996 Q2	0.554180090727563	0.643129702570946
1996 Q3	0.555589388701194	0.644022658806445
1996 Q4	0.552173540888724	0.643667723959902
1997 Q1	0.555859951175793	0.645325198755658
1997 Q2	0.55730502739521	0.643150082317691
1997 Q3	0.562987608081107	0.643724684205137
1997 Q4	0.568830356060132	0.645267740120903
1998 Q1	0.580175672871309	0.650249591720728
1998 Q2	0.593431284594946	0.656514337883579
1998 Q3	0.599833879630926	0.655512489342017
1998 Q4	0.604269253112038	0.657498484773656
1999 Q1	0.614626269778346	0.664281368622527
1999 Q2	0.618294368904318	0.671204182985678
1999 Q3	0.629408733236939	0.67426098622988
1999 Q4	0.62826634575632	0.674830096334719
2000 Q1	0.638691129202947	0.68439846957348
2000 Q2	0.639929857568318	0.680505614907511
2000 Q3	0.645111994235409	0.692022079507354
2000 Q4	0.648424395998982	0.694753915005964
2001 Q1	0.650597489205348	0.703937286579446
2001 Q2	0.654668931031229	0.71256269459383
2001 Q3	0.661481389920004	0.735430391714679
2001 Q4	0.663366466659756	0.740302041233661
2002 Q1	0.660939676357398	0.749649742662401
2002 Q2	0.658076080187665	0.756262985122333
2002 Q3	0.655404295687197	0.768006216292002
2002 Q4	0.655105898123688	0.783655607731837
2003 Q1	0.650209873181167	0.795909014474417
2003 Q2	0.643970625751474	0.817828371947232
2003 Q3	0.634803762431518	0.820409748044143
2003 Q4	0.625178789344486	0.828458387762255
2004 Q1	0.629591761509906	0.838111998988212
2004 Q2	0.62549283548044	0.84897556843723
2004 Q3	0.626472301747531	0.856690044384915
2004 Q4	0.626067775324985	0.868664094027611
2005 Q1	0.625835905923937	0.87101690993685
2005 Q2	0.630980659084325	0.885810161626217
2005 Q3	0.630597790002954	0.895743489018418
2005 Q4	0.636351409810297	0.905953331245904
2006 Q1	0.639352724727115	0.916430279517264
2006 Q2	0.647843257068204	0.932131736795143
2006 Q3	0.653277518660886	0.945156547265257
2006 Q4	0.663025550658283	0.9520765608039
2007 Q1	0.672673520192638	0.954885991503309
2007 Q2	0.685362019185837	0.963481877134153
2007 Q3	0.700179489082654	0.967097009726027
2007 Q4	0.711627912034054	0.969623565194238
2008 Q1	0.726297922733413	0.980694096734391
2008 Q2	0.732119258957247	0.967121429389707
2008 Q3	0.739634655992661	0.970687628074879
2008 Q4	0.756584123351466	0.970224207498674
2009 Q1	0.76058696816041	0.97787421742591
2009 Q2	0.756861718978814	0.97987398301509
2009 Q3	0.744055353210027	0.972068427162738
2009 Q4	0.719525140825878	0.956190902222739
2010 Q1	0.712167879815315	0.945373430114307
2010 Q2	0.697176331439789	0.927578569915621
2010 Q3	0.692786703551347	0.911297790254363
2010 Q4	0.680033030527372	0.899941500276234
2011 Q1	0.678629468698979	0.898591846189363
2011 Q2	0.675057475350054	0.883205370720909
2011 Q3	0.676091024356326	0.874647423771447
2011 Q4	0.674213570173294	0.862467972528413
2012 Q1	0.67000582806251	0.84992580344338
2012 Q2	0.671278817975932	0.840468584322379
2012 Q3	0.677698472034232	0.832692414572199
2012 Q4	0.685736703795439	0.82522309570785
2013 Q1	0.680693737919482	0.816094531363141
2013 Q2	0.687066594048893	0.812816989163585
2013 Q3	0.689622550362933	0.802612364232807
2013 Q4	0.68800505629967	0.800843635642795
2014 Q1	0.699120663426783	0.804283388896842
2014 Q2	0.69671972065201	0.792505959982437
2014 Q3	0.696455527305087	0.776223040954092
2014 Q4	0.706403483370077	0.774114048961039
2015 Q1	0.713032984861375	0.77064387584508
2015 Q2	0.7198131006362	0.767296375055635
2015 Q3	0.725153527193738	0.765891611969508
2015 Q4	0.732716659496482	0.763710299522049
2016 Q1	0.744671644877481	0.765257976480861
2016 Q2	0.745181918780023	0.763575007767866
2016 Q3	0.747553848882626	0.762719490908602
2016 Q4	0.742921233844223	0.758892942510073
2017 Q1	0.750092634451178	0.758552504231828
2017 Q2	0.756689703082669	0.759366587472181
2017 Q3	0.757344423119452	0.754809104640602
2017 Q4	0.758448682762685	0.750322352230025
2018 Q1	0.75579545676468	0.745804140609516
2018 Q2	0.768392333634195	0.741912943410865
2018 Q3	0.769652377813453	0.740210339765938
2018 Q4	0.774022322639302	0.74082916771581
2019 Q1	0.77864562610129	0.73897620265636
2019 Q2	0.775526174531396	0.737191826614322
2019 Q3	0.77439888464294	0.7333171065421
2019 Q4	0.770421411505663	0.732867686486665
2020 Q1	0.816243601415468	0.745956271308959
2020 Q2	0.92315806961711	0.811511145676013
2020 Q3	0.849082049243261	0.756027689943868
2020 Q4	0.836895010944653	0.75310564473312
2021 Q1	0.824905846118645	0.744409722947109
2021 Q2	0.813385213768014	0.751260020760105
2021 Q3	0.803864193410992	0.747098266193646
2021 Q4	0.79067986254047	0.735112486004179
2022 Q1	0.791437136798169	0.736928422294057
2022 Q2	0.787179707066526	0.733515628333191
2022 Q3	0.781001309720828	0.731431446188113
2022 Q4	0.770927263153591	0.724732709248131
2023 Q1	0.767326665061377	0.717511169691138
2023 Q2	0.762266373544078	0.715373218621893
2023 Q3	0.750701639823973	0.707531656968395
2023 Q4	0.743291498343268	0.703131434545618
2024 Q1	0.74226155617498	0.700058681384537
2024 Q2	0.739508477769054	0.695376740453795
2024 Q3	0.736066427292349	0.691729071955751
2024 Q4	0.725103001413275	0.679435823014128

Return to text

Figure 2.3. Business debt adjusted for inflation declined slightly

Percent change, annual rate

Date	Growth of agg debt
1997 Q1	5.52456779517903
1997 Q2	6.44216909942188
1997 Q3	10.1060539485424
1997 Q4	7.69096427536651
1998 Q1	11.48576244651
1998 Q2	12.6789920929069
1998 Q3	9.71653611804862
1998 Q4	9.32593040469566
1999 Q1	10.8956364256744
1999 Q2	5.89520925056266
1999 Q3	10.3402928377137
1999 Q4	6.19014417362739
2000 Q1	8.73097716047143
2000 Q2	9.22244674077464
2000 Q3	4.07778231720155
2000 Q4	4.65804975695008
2001 Q1	1.10059427025528
2001 Q2	5.9066149169239
2001 Q3	3.09608783753037
2001 Q4	1.57146538669297
2002 Q1	1.906500200973
2002 Q2	-0.0960769840192413
2002 Q3	-0.218624967423861
2002 Q4	1.21146060740141
2003 Q1	-0.134552263382141
2003 Q2	-0.659553081748565
2003 Q3	1.32491561849649
2003 Q4	-1.62338723153557
2004 Q1	4.49347681571025
2004 Q2	1.4165822367521
2004 Q3	5.56253371697866
2004 Q4	4.78023861558557
2005 Q1	4.66956291473275
2005 Q2	6.21459031768964
2005 Q3	5.00566193415102
2005 Q4	6.55216371485015
2006 Q1	7.76445445713273
2006 Q2	6.72161726119972
2006 Q3	4.62667138515726
2006 Q4	9.20150472010416
2007 Q1	7.88043583188594
2007 Q2	11.2386932925204
2007 Q3	11.2988247467781
2007 Q4	8.0159307935673
2008 Q1	5.92691905932195
2008 Q2	5.95037917301991
2008 Q3	3.22214951126336
2008 Q4	1.57813909536631
2009 Q1	-3.0203042840832
2009 Q2	-4.78829139052731
2009 Q3	-6.21869063376349
2009 Q4	-6.65608091656165
2010 Q1	-3.98279621306275
2010 Q2	-3.69285129876301
2010 Q3	1.24132144293407
2010 Q4	-0.630819909930033
2011 Q1	-1.38114810153213
2011 Q2	0.967475125144775
2011 Q3	1.17613799793234
2011 Q4	2.48849637953077
2012 Q1	0.946128544578791
2012 Q2	2.6216477737657
2012 Q3	5.53973812754103
2012 Q4	6.42375434716334
2013 Q1	1.05832719210589
2013 Q2	4.61436076310672
2013 Q3	5.35909735024276
2013 Q4	3.36235497817407
2014 Q1	5.36717450410979
2014 Q2	4.3371180702784
2014 Q3	4.87773830949068
2014 Q4	7.10869281264251
2015 Q1	6.95620362305849
2015 Q2	6.87772972953885
2015 Q3	4.38092932797761
2015 Q4	4.64549606052636
2016 Q1	6.8720873236391
2016 Q2	2.10771725322107
2016 Q3	3.42847962943879
2016 Q4	0.426893927509679
2017 Q1	4.22211328171595
2017 Q2	5.51000448184854
2017 Q3	4.37728529741042
2017 Q4	3.86477811704783
2018 Q1	1.85958913621673
2018 Q2	1.07737644196433
2018 Q3	3.62792442023141
2018 Q4	2.71770730906412
2019 Q1	4.8717331658978
2019 Q2	2.42523312007055
2019 Q3	4.19474721269796
2019 Q4	0.80415634586821
2020 Q1	18.1218227448458
2020 Q2	15.8607109519666
2020 Q3	-2.84531237577059
2020 Q4	-0.556001985555928
2021 Q1	1.41485337206414
2021 Q2	-3.19265231227348
2021 Q3	-0.0305395856556592
2021 Q4	1.93584026301349
2022 Q1	1.49526585042641
2022 Q2	2.14182004979452
2022 Q3	-1.07237405909484
2022 Q4	-1.35923596919623
2023 Q1	-0.108060662340458
2023 Q2	-2.19803831597742
2023 Q3	-1.02478139414763
2023 Q4	-1.2556735617196
2024 Q1	0.368391377638401
2024 Q2	1.2462920927446
2024 Q3	0.879348078490915
2024 Q4	-1.64195692891991

Note: Nominal debt growth is seasonally adjusted and is translated into real terms after subtracting the growth rate of the price deflator for the core personal consumption expenditures price index.

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

Return to text

Figure 2.4. Net issuance of risky debt picked up moderately

Billions of dollars

Date	Institutional leveraged loans	High-yield and unrated bonds
2004 Q2	17.2438049316406	-12.7997829915
2004 Q3	5.23060607910156	-4.7444686799
2004 Q4	21.0927886962891	-13.2517237499027
2005 Q1	10.4766082763672	2.97369487239999
2005 Q2	14.6851043701172	-6.410706469
2005 Q3	9.51528930664062	-12.991040792
2005 Q4	20.6117095947266	2.72848883801281
2006 Q1	27.1632843017578	-13.66462260049
2006 Q2	40.140625	12.5665759
2006 Q3	17.8547973632813	-5.58880446140401
2006 Q4	66.3043823242188	30.5087983381185
2007 Q1	40.6788024902344	0.19438353519999
2007 Q2	54.3095092773438	23.3461726256
2007 Q3	25.7214050292969	-7.04300563787999
2007 Q4	36.057373046875	-10.4225800406
2008 Q1	2.209228515625	-20.137899142
2008 Q2	26.2244873046875	3.03224333508
2008 Q3	6.596923828125	-0.386358803119998
2008 Q4	4.79547119140625	-23.475024039
2009 Q1	-11.8175048828125	-25.4492457618
2009 Q2	-15.52490234375	2.31024644920001
2009 Q3	-13.2594604492188	-9.1909206677
2009 Q4	-24.9891357421875	-9.211476421
2010 Q1	-17.8472900390625	3.29614121840999
2010 Q2	-9.70620727539062	13.21006038522
2010 Q3	11.7539978027344	14.20725090757
2010 Q4	-15.3392028808594	25.00720073417
2011 Q1	-4.48370361328125	0.525360469560003
2011 Q2	25.4903869628906	16.39558409807
2011 Q3	-5.516845703125	-7.89381352476999
2011 Q4	3.91107177734375	3.67994934657
2012 Q1	-6.46658325195313	23.27321088568
2012 Q2	18.4444885253906	-13.41272508643
2012 Q3	-4.3779296875	38.551299447
2012 Q4	25.9595336914063	21.514433235054
2013 Q1	11.3007202148438	23.0538808032
2013 Q2	31.3078002929688	19.65314829777
2013 Q3	45.1636962890625	25.86382232293
2013 Q4	43.5355834960938	24.45471547174
2014 Q1	29.44970703125	16.13022019701
2014 Q2	45.6138916015625	15.23672500528
2014 Q3	48.42529296875	32.9089474055
2014 Q4	26.1719970703125	3.99923349074401
2015 Q1	6.462890625	32.918267314
2015 Q2	-3.11236572265625	4.34897208896001
2015 Q3	8.57940673828125	-0.680115462000011
2015 Q4	28.799560546875	-13.22171942204
2016 Q1	9.0941162109375	-0.651168015490006
2016 Q2	4.985595703125	2.29172081972001
2016 Q3	-12.8767700195313	-3.45296512689999
2016 Q4	7.194580078125	-44.46958316503
2017 Q1	-4.2435302734375	9.0480177782
2017 Q2	49.00634765625	-10.84958064711
2017 Q3	13.031982421875	-2.19109402510999
2017 Q4	16.81396484375	-4.00290545473999
2018 Q1	34.333251953125	16.272991855113
2018 Q2	54.8770141601563	-8.73682443242
2018 Q3	45.0819091796875	10.28165573089
2018 Q4	57.5950927734375	-20.52812190214
2019 Q1	33.6610107421875	13.27413095774
2019 Q2	16.1658935546875	19.040025168757
2019 Q3	-16.1549072265625	11.01588355029
2019 Q4	12.594970703125	9.70150317656999
2020 Q1	3.09814453125	4.84000137497001
2020 Q2	-11.4285888671875	89.89656792529
2020 Q3	14.3199462890625	6.65744958298
2020 Q4	-6.167724609375	-9.66000869120002
2021 Q1	13.6552734375	21.49987596717
2021 Q2	51.3404541015625	31.96167438325
2021 Q3	41.23828125	14.70553534896
2021 Q4	41.805908203125	2.15487644673
2022 Q1	49.3033447265625	-11.69424530992
2022 Q2	24.0108642578125	-10.91013221956
2022 Q3	16.0382080078125	-20.61813499021
2022 Q4	-17.26318359375	-16.60512088531
2023 Q1	-14.5274658203125	1.51840729038
2023 Q2	-4.7691650390625	-1.55223850415
2023 Q3	14.095458984375	-1.59190539198
2023 Q4	-10.7762451171875	-3.761433551
2024 Q1	-9.39404296875	-3.10774203096001
2024 Q2	4.4625244140625	14.337085208
2024 Q3	-9.58837890625	4.64573779808
2024 Q4	35.608154296875	-11.780376804
2025 Q1	50.62158203125	1.452907406756

Note: The data begin in 2004:Q2. Institutional leveraged loans generally exclude loan commitments held by banks. The key identifies bars in order from top to bottom (except for some bars with at least one negative value). For 2025:Q1, the value corresponds to preliminary data.

Source: Mergent, Inc., Fixed Income Securities Database; Pitchbook Data, Leveraged Commentary & Data.

Return to text

Figure 2.5. Gross leverage of large businesses edged down but stayed high by historical standards

Percent

Date	75th percentile	All firms
2000 Q1	48.2251895902531	30.3529066158282
2000 Q2	47.8512910274851	29.6069408246265
2000 Q3	47.4916752996759	29.0116857280884
2000 Q4	47.0075509955252	29.1774910897011
2001 Q1	47.5055855808914	29.1842878492331
2001 Q2	47.3882550047634	29.370152358469
2001 Q3	47.3327987583499	29.3612186270526
2001 Q4	47.1142569981297	29.9851898477685
2002 Q1	46.0388334437923	30.6159822353919
2002 Q2	44.4789996122333	29.6682649441696
2002 Q3	44.1056157641294	29.44553166015
2002 Q4	44.4271931755248	29.1684941036676
2003 Q1	42.8304982552851	28.9524647684039
2003 Q2	42.1814051044141	28.1292874224795
2003 Q3	41.778402174698	27.7751153206579
2003 Q4	41.5829370986416	26.702645817946
2004 Q1	39.4611769102911	26.2998257103885
2004 Q2	38.9295298728731	25.6935624822736
2004 Q3	38.6766403958058	25.3767368507625
2004 Q4	39.1666128317714	25.1292190056461
2005 Q1	37.810521162171	24.9197213624242
2005 Q2	37.7659268377245	24.8006869221196
2005 Q3	37.485804088461	24.1228842373008
2005 Q4	38.3413203621397	24.1793733267387
2006 Q1	37.4089969135364	24.448020558985
2006 Q2	37.7219468057056	24.3431188355576
2006 Q3	37.6624612074584	24.3490086672652
2006 Q4	38.5743531903771	24.6998067655302
2007 Q1	37.9848455164371	24.9149355751894
2007 Q2	38.6513307464355	25.1602206337977
2007 Q3	38.6792663578789	25.5544191512786
2007 Q4	38.9335972021326	25.8375448869618
2008 Q1	39.0800120932142	26.0462510742595
2008 Q2	38.9784176638834	26.1715240437019
2008 Q3	39.9924244055765	27.1581177872655
2008 Q4	42.6829845310033	28.7488149035031
2009 Q1	41.5219891233024	28.6787056670154
2009 Q2	39.8994417234298	27.9242636495962
2009 Q3	38.4629290894534	26.95826756697
2009 Q4	38.7378386317516	26.7431502134961
2010 Q1	37.0110906327471	26.3291379842933
2010 Q2	36.6398589904147	26.196270151471
2010 Q3	36.2931445382187	26.2058448372349
2010 Q4	36.9740855507758	25.9800860578261
2011 Q1	36.0761787850501	25.7803420728891
2011 Q2	35.5998671606649	25.8307496248011
2011 Q3	36.3781886250051	26.1738530723497
2011 Q4	37.8120971723297	26.0909803067106
2012 Q1	36.9710924028517	26.0410198572139
2012 Q2	37.4025180722038	26.5886372846823
2012 Q3	37.517098734702	26.7190458090176
2012 Q4	38.787018318139	27.0882008620899
2013 Q1	38.0634427761921	26.9390592664831
2013 Q2	38.2434598229825	27.3596590812135
2013 Q3	38.5284832460182	27.6819994265456
2013 Q4	40.0898933743967	27.9065273482085
2014 Q1	39.2143428614575	28.5126810311577
2014 Q2	40.2756251316033	28.4410854995682
2014 Q3	40.7912324899085	28.6124090987181
2014 Q4	42.1460537885801	29.1885281491782
2015 Q1	42.3765319269216	30.0410824880235
2015 Q2	42.0896585905896	30.5652835717543
2015 Q3	42.5620934598104	31.1040127395268
2015 Q4	43.858310478272	32.0425986252139
2016 Q1	43.9076019784855	32.6545202107549
2016 Q2	43.6912887645593	32.8805548785587
2016 Q3	42.9926155232173	32.9677236106384
2016 Q4	43.2083510230931	32.8268962348204
2017 Q1	42.699991517651	33.1052449067938
2017 Q2	42.1884724879684	33.4643759040668
2017 Q3	42.0668661193383	33.2885787312262
2017 Q4	41.9437041601213	32.9337224673694
2018 Q1	41.9608396762431	33.2431748789939
2018 Q2	42.169425075055	33.0301664898869
2018 Q3	41.6678048755891	32.7655757086771
2018 Q4	42.4671964416701	33.0690670565382
2019 Q1	46.2700331472417	35.2360566828042
2019 Q2	46.5750028282507	35.4060399597526
2019 Q3	47.3362823302743	35.483830321303
2019 Q4	47.8909159437464	35.4583883423512
2020 Q1	49.8129046040097	37.4739802603839
2020 Q2	49.1580835074116	37.6750357891329
2020 Q3	47.3758227677371	36.8083393081083
2020 Q4	46.7516247531421	36.1128519949163
2021 Q1	45.9541992708511	35.7005897750231
2021 Q2	45.05478498194	35.163373914922
2021 Q3	44.3745459998892	34.6127335700497
2021 Q4	44.6315017834284	34.2132955913866
2022 Q1	44.8507429676206	34.1103328201521
2022 Q2	45.5892435543826	34.0499378010315
2022 Q3	45.4200284370136	34.1050682853989
2022 Q4	45.681976387343	34.1791768660419
2023 Q1	45.8372898728713	34.3025342306748
2023 Q2	45.2335804517462	34.2251446212127
2023 Q3	45.4838794689724	34.0135658326316
2023 Q4	45.613002732769	33.91786594945
2024 Q1	45.6066101906537	33.7780257965376
2024 Q2	45.2903750098265	33.7731895936259
2024 Q3	44.7176517492279	33.6819915174174
2024 Q4	44.4334746280846	33.3226906448689

Note: Gross leverage is an asset-weighted average of the ratio of firms’ book value of total debt to book value of total assets. The 75th percentile is calculated from a sample of the 2,500 largest firms by assets. The dashed sections of the lines in 2019:Q1 reflect the structural break in the series due to the 2019 compliance deadline for Financial Accounting Standards Board rule Accounting Standards Update 2016-02. The accounting standard requires operating leases, previously considered off-balance-sheet activities, to be included in measures of debt and assets.

Source: Federal Reserve Board staff calculations based on S&P Global, Compustat.

Return to text

Figure 2.6. Interest coverage ratios, which indicate firms' ability to service their debt, increased moderately

Ratio

Date	Median for all firms	Median for all non-investment grade firms
2000 Q1	2.36029256294827	1.59642342457471
2000 Q2	2.32273712851903	1.55315391191517
2000 Q3	2.26505465547531	1.51984356768175
2000 Q4	2.20765965258479	1.44743158905425
2001 Q1	2.12852564194417	1.37832481920312
2001 Q2	2.08123088685015	1.35227272727273
2001 Q3	1.89320511063217	1.24757067137809
2001 Q4	1.77499224906829	1.28379786329503
2002 Q1	1.78059713527199	1.28154102335532
2002 Q2	1.74299573766832	1.29232022200772
2002 Q3	1.84639474488237	1.40870158079735
2002 Q4	2.00299018253853	1.5269815262609
2003 Q1	2.10272768774252	1.60289336715307
2003 Q2	2.11516853932584	1.51255399568035
2003 Q3	2.16629955947137	1.66925939626206
2003 Q4	2.2970912948953	1.67648423005566
2004 Q1	2.54511898558277	1.91778320595918
2004 Q2	2.87522851919561	2.06372973127364
2004 Q3	3.02274019230613	2.24999874887232
2004 Q4	3.00136668867438	2.35421028146081
2005 Q1	3.01371238753462	2.28494187206838
2005 Q2	3.00964320154291	2.25026505513147
2005 Q3	3.06967615309127	2.2633622410102
2005 Q4	3.04142543827928	2.28958975472108
2006 Q1	3.07049243034305	2.32458536707245
2006 Q2	3.0093085106383	2.27198221515067
2006 Q3	2.97355373565858	2.30451491945533
2006 Q4	2.91834625982243	2.28543307086614
2007 Q1	2.92478651193344	2.23169490775561
2007 Q2	2.83819946245	2.20840599930241
2007 Q3	2.69897596064868	2.10974531305271
2007 Q4	2.72832073779941	2.09589552238806
2008 Q1	2.79427083333333	2.16678399185292
2008 Q2	3.00130157826285	2.2490828150397
2008 Q3	2.98296129568031	2.25634057971015
2008 Q4	2.63148670147687	1.94032390114107
2009 Q1	2.70543766578249	1.97187006838506
2009 Q2	2.47078060193555	1.74433015243525
2009 Q3	2.33367768595041	1.59833912164772
2009 Q4	2.28353658536585	1.67730863877736
2010 Q1	2.62621359223301	1.95625173720534
2010 Q2	2.76175952888743	2.10758659638554
2010 Q3	2.94068210550511	2.19412782963092
2010 Q4	3.03974502024961	2.29073816155989
2011 Q1	3.18821330975727	2.46921841017301
2011 Q2	3.36715629957875	2.5625
2011 Q3	3.51857235951677	2.60909090909091
2011 Q4	3.45894189308626	2.57638806086746
2012 Q1	3.39713735448039	2.51109638140129
2012 Q2	3.41453925590098	2.57979076594438
2012 Q3	3.28194642251611	2.39532946105504
2012 Q4	3.07853626208843	2.37003458126598
2013 Q1	3.18264331210191	2.31944444444444
2013 Q2	3.24778761061947	2.27175915824181
2013 Q3	3.25446428571429	2.23148148148148
2013 Q4	3.15788743559255	2.19223200556491
2014 Q1	3.20796971670466	2.21082702020202
2014 Q2	3.41990599929472	2.38679292929293
2014 Q3	3.47	2.41657826470418
2014 Q4	3.36951428471518	2.30486957451358
2015 Q1	3.34991749174918	2.18130327501122
2015 Q2	3.30264791202781	2.17571785268414
2015 Q3	3.3109228004651	2.20033679563015
2015 Q4	3.11452966121016	2.11836734693878
2016 Q1	2.93339430363209	2.03716579449514
2016 Q2	2.925	1.9849185209663
2016 Q3	2.9600483597964	2.10973348169342
2016 Q4	2.98452157598499	2.01401959698849
2017 Q1	3.04163662123459	2.12527352297593
2017 Q2	3.11214442013129	2.21255713282392
2017 Q3	3.06819860710836	2.28951149425287
2017 Q4	3.08234885171326	2.28948815725819
2018 Q1	3.0566298784389	2.23897209453468
2018 Q2	3.08409610983982	2.33874458874459
2018 Q3	3.17013888888889	2.36029829416486
2018 Q4	3.06569945957079	2.32703488372093
2019 Q1	2.9463424437299	2.21296296296296
2019 Q2	2.88526822956733	2.03572540798474
2019 Q3	2.79617434623348	2.06129210381005
2019 Q4	2.65760869565217	2.01046414165226
2020 Q1	2.48237097748311	1.77924983872377
2020 Q2	2.12623762376238	1.33358881504204
2020 Q3	2.16861335831278	1.23164201966023
2020 Q4	2.03915229885057	1.23852907178952
2021 Q1	2.47382305194805	1.50471698113208
2021 Q2	2.99784482758621	1.89191395070857
2021 Q3	3.2753546855939	2.22851335414678
2021 Q4	3.1906148113647	2.16260350117277
2022 Q1	3.42322693753615	2.20713595820929
2022 Q2	3.39885598827192	2.0419754601227
2022 Q3	3.08098364316151	1.83181096108022
2022 Q4	2.58174112691617	1.6623415107216
2023 Q1	2.46146245059289	1.55568808544165
2023 Q2	2.35622294572121	1.47578125
2023 Q3	2.3818473044258	1.41226843140046
2023 Q4	2.26796973518285	1.38928571428571
2024 Q1	2.37212309641439	1.52599758162031
2024 Q2	2.38558411586822	1.50119178584525
2024 Q3	2.40234302555174	1.56488549618321
2024 Q4	2.6150988677025	1.79452054794521

Note: The interest coverage ratio is earnings before interest and taxes divided by interest payments. Firms with leverage less than 5 percent and interest payments less than $500,000 are excluded.

Source: Federal Reserve Board staff calculations based on S&P Global, Compustat.

Return to text

Figure 2.7. Newly issued leveraged loans with debt multiples greater than 4 increased slightly but remained near their lowest levels in a decade

Percent

Date	Debt multiples ≥ 6x	Debt multiples 5x-5.99x	Debt multiples 4x4.99x	Debt multiples ≤ 4x
2001	2.70000007003546	10.1000003516674	26.1999994516373	61.1000001430512
2002	5.90000003576279	12.2000001370907	27.3000001907349	54.6000003814697
2003	6.69999998062849	11.5000002086163	29.3000012636185	52.6000022888184
2004	8.79999976605177	17.5999999046326	28.600001335144	44.9999988079071
2005	8.00000037997961	25.0999987125397	25.0999987125397	41.8000012636185
2006	16.2999995052814	21.0999995470047	26.3000011444092	36.3999992609024
2007	27.6999995112419	17.4999997019768	23.7000003457069	31.2000006437302
2008	10.700000077486	12.0999999344349	14.2000004649162	63.0999982357025
2009	17.7000001072884	11.5000002086163	17.7000001072884	53.1000018119812
2010	5.8000001590699	17.9000005125999	22.5999996066093	53.7000000476837
2011	14.4000001251698	19.200000166893	22.5999996066093	43.7999993562698
2012	15.8000003546476	21.7999994754791	26.6000002622604	35.8999997377396
2013	16.4000004529953	23.1000006198883	28.999999165535	31.4999997615814
2014	27.1999999880791	21.5000003576279	22.5999996066093	28.7000000476837
2015	18.7000006437302	26.1999994516373	24.8999997973442	30.3000003099442
2016	21.000000089407	24.4000002741814	32.600000500679	21.8999996781349
2017	22.0000006258488	27.5999993085861	27.5999993085861	22.6999998092651
2018	29.6000003814697	26.8999993801117	24.1999998688698	19.3000003695488
2019	32.8999996185303	23.2999995350838	23.4999999403954	20.2999994158745
2020	28.1000003218651	23.8999992609024	25.6999999284744	22.3000004887581
2021	35.0999996066093	20.3999996185303	23.1000006198883	21.4000001549721
2022	36.5000009536743	20.8000004291534	19.3000003695488	23.3999997377396
2023	16.9999994337559	18.7999993562698	26.3999998569489	37.7999991178513
2024	18.8000004738569	25.0999987125397	20.6000000238419	35.4999989271164
2025 Q1	14.4999999552965	30.5000007152557	23.4999999403954	31.4999997615814

Note: Volumes are for large corporations with earnings before interest, taxes, depreciation, and amortization greater than $50 million and exclude existing tranches of add-ons and amendments as well as restatements with no new money. The key identifies bars in order from top to bottom.

Source: Mergent, Inc., Fixed Income Securities Database; PitchBook Data, Leveraged Commentary & Data.

Return to text

Figure 2.8. The realized default rate on leveraged loans remained well below its previous peaks

Percent

Date	Realized default rate	Realized default rate (including distressed exchanges)
1999-01-01	1.40374443874576
1999-02-01	0.620130074272045
1999-03-01	0.961558060168107
1999-04-01	0.910025850082999
1999-05-01	1.08432506922787
1999-06-01	1.51147782227669
1999-07-01	1.46856132869432
1999-08-01	2.58669462674692
1999-09-01	2.83564148416579
1999-10-01	2.79553858940607
1999-11-01	4.23476547428082
1999-12-01	4.17363270874809
2000-01-01	5.31955188860257
2000-02-01	5.63665801395398
2000-03-01	5.79387818120708
2000-04-01	7.38707363523978
2000-05-01	7.1272474346274
2000-06-01	7.50275817381135
2000-07-01	7.38638660941154
2000-08-01	6.65602334926934
2000-09-01	6.59817681681766
2000-10-01	6.74029479357337
2000-11-01	5.7997136872917
2000-12-01	6.57473346350473
2001-01-01	5.890289821496
2001-02-01	5.65193404131812
2001-03-01	5.48432983996405
2001-04-01	4.78452184278759
2001-05-01	6.42183107838333
2001-06-01	6.27790427404653
2001-07-01	6.81737551468091
2001-08-01	6.79872690180133
2001-09-01	6.50470952417523
2001-10-01	6.72167813766106
2001-11-01	6.50463564435449
2001-12-01	6.30391411142361
2002-01-01	7.2499241459131
2002-02-01	7.24500509942625
2002-03-01	6.8484910901823
2002-04-01	6.95151266913317
2002-05-01	5.6949044894794
2002-06-01	7.41236450994404
2002-07-01	6.8397177567764
2002-08-01	6.78220535455937
2002-09-01	6.41446937703412
2002-10-01	6.5850341177601
2002-11-01	6.52532834017819
2002-12-01	6.01237682581557
2003-01-01	5.12912891130075
2003-02-01	5.00880429946855
2003-03-01	5.47066888423004
2003-04-01	5.25912875791241
2003-05-01	5.34793308939678
2003-06-01	2.62312005668266
2003-07-01	2.64426832515177
2003-08-01	2.67290377148024
2003-09-01	2.90810705065732
2003-10-01	2.29547070641196
2003-11-01	2.28463596938286
2003-12-01	2.24950731862114
2004-01-01	1.89471401030441
2004-02-01	1.61166556876154
2004-03-01	1.11407293913559
2004-04-01	0.936565901600417
2004-05-01	0.682252697548041
2004-06-01	0.94402709654127
2004-07-01	0.905279421260321
2004-08-01	0.881211884544273
2004-09-01	1.00572085360985
2004-10-01	1.02263104092439
2004-11-01	1.02447519808232
2004-12-01	1.01410900355372
2005-01-01	1.02507496733947
2005-02-01	1.36950502993963
2005-03-01	1.26380537907338
2005-04-01	1.48474248266849
2005-05-01	1.54252866376508
2005-06-01	1.29059194154891
2005-07-01	1.46391596172856
2005-08-01	1.4322396132521
2005-09-01	1.65136354081861
2005-10-01	2.56111587402713
2005-11-01	2.2919216557973
2005-12-01	3.02200238489307
2006-01-01	2.95905018676368
2006-02-01	2.89026629376766
2006-03-01	2.7918405529996
2006-04-01	2.47410163943416
2006-05-01	2.29884766993254
2006-06-01	2.27578550094482
2006-07-01	2.07746169564351
2006-08-01	2.08233574928927
2006-09-01	1.56164341405421
2006-10-01	0.98750704786384
2006-11-01	1.07120897621029
2006-12-01	0.478307708235541
2007-01-01	0.453190511692308
2007-02-01	0.240578570601142
2007-03-01	0.232230305288034
2007-04-01	0.220155865782788
2007-05-01	0.155571457234322
2007-06-01	0.154081525205981
2007-07-01	0.211963491765366
2007-08-01	0.208792752420673
2007-09-01	0.424045769819244
2007-10-01	0.332881677165982
2007-11-01	0.24513291103573
2007-12-01	0.238273169122302
2008-01-01	0.724542626185178
2008-02-01	0.93826164729208
2008-03-01	1.07242724769546
2008-04-01	1.29580863520729
2008-05-01	1.72659213469707
2008-06-01	1.69506702223233
2008-07-01	1.89629559136655
2008-08-01	2.02854442101493
2008-09-01	1.90991348704673
2008-10-01	1.97448896039073
2008-11-01	1.94408034196998
2008-12-01	3.74683731955835
2009-01-01	4.95210475046503
2009-02-01	5.24589550168725
2009-03-01	8.01858997184042
2009-04-01	8.02940634177849
2009-05-01	8.66045922589369
2009-06-01	9.14772247672355
2009-07-01	9.56640311201017
2009-08-01	9.67577785129606
2009-09-01	9.75397713835357
2009-10-01	10.7142905891958
2009-11-01	10.8148014359355
2009-12-01	9.60939472782257
2010-01-01	8.81735742948314
2010-02-01	8.58590330909801
2010-03-01	5.81971055173797
2010-04-01	5.6523123165647
2010-05-01	4.63584120724762
2010-06-01	4.0150779158563
2010-07-01	3.47413584963326
2010-08-01	3.56979895935773
2010-09-01	3.54724033716263
2010-10-01	2.28336283885162
2010-11-01	2.24556081786527
2010-12-01	1.87434612836046
2011-01-01	1.45790184243984
2011-02-01	1.27066793633522
2011-03-01	1.11092771671646
2011-04-01	0.951718684531915
2011-05-01	0.90789822723715
2011-06-01	0.911510139282644
2011-07-01	0.769791093336481
2011-08-01	0.330341668123339
2011-09-01	0.323653519645651
2011-10-01	0.32491801437386
2011-11-01	0.171682141698186
2011-12-01	0.172134731379882
2012-01-01	0.206351211364502
2012-02-01	0.209284419443092
2012-03-01	0.205923907398422
2012-04-01	0.562049004964377
2012-05-01	1.05330711277078
2012-06-01	1.04401311129966
2012-07-01	1.04461234780007
2012-08-01	1.07437230697445
2012-09-01	1.00191158921518
2012-10-01	1.05735938242461
2012-11-01	1.28076985146929
2012-12-01	1.27489300372553
2013-01-01	1.42344671639966
2013-02-01	1.39987557153018
2013-03-01	2.20969888342682
2013-04-01	1.91198073910403
2013-05-01	1.40383413394867
2013-06-01	1.37283037838653
2013-07-01	2.01910441311328
2013-08-01	2.16113230294211
2013-09-01	2.41440222521611
2013-10-01	2.3136263698661
2013-11-01	2.08240841560821
2013-12-01	2.10967077730426
2014-01-01	1.88463049707386
2014-02-01	1.86266929830805
2014-03-01	1.20983167850648
2014-04-01	4.64389225577737
2014-05-01	4.59783274787342
2014-06-01	4.40734919905502
2014-07-01	3.89045923073964
2014-08-01	3.61034454301361
2014-09-01	3.34388232555217
2014-10-01	3.2771207617817
2014-11-01	3.32944794624261
2014-12-01	3.23801901087078
2015-01-01	3.98617346086901
2015-02-01	3.9172865660013
2015-03-01	3.78858339595791
2015-04-01	1.26444788092332
2015-05-01	1.25911328441314
2015-06-01	1.24189383465312
2015-07-01	1.11360934731807
2015-08-01	1.30380291553553
2015-09-01	1.27305108622241
2015-10-01	1.27128002658071
2015-11-01	1.42234630306705
2015-12-01	1.50003763151348
2016-01-01	1.28616060792401
2016-02-01	1.40506036175156
2016-03-01	1.75298806932166
2016-04-01	1.69282639571508
2016-05-01	1.96225266084013
2016-06-01	1.97031331590513
2016-07-01	2.17007772656444
2016-08-01	1.97993452219405
2016-09-01	1.94857405847251
2016-10-01	1.95438623582106
2016-11-01	1.65983788107019
2016-12-01	1.57893204311283	2.78063851699279
2017-01-01	1.55738865024389	2.3883696780893
2017-02-01	1.41493389880201	1.98329853862213
2017-03-01	1.48994068287674	1.67364016736402
2017-04-01	1.4276198736791	1.68243953732913
2017-05-01	1.4158488101288	1.59574468085106
2017-06-01	1.54172212922484	1.70575692963753
2017-07-01	1.35740861038153	1.39484978540773
2017-08-01	1.36405619635642	1.4145810663765
2017-09-01	1.53152795658299	1.52008686210641
2017-10-01	1.50896376047973	1.51351351351351
2017-11-01	1.95310325638077	1.93756727664155
2017-12-01	2.05146470457765	1.93965517241379
2018-01-01	1.94674870761357	2.04962243797195
2018-02-01	2.0027603845897	2.15285252960172
2018-03-01	2.42044442206168	2.14822771213749
2018-04-01	2.37383214519444	2.16450216450216
2018-05-01	2.11746878882325	1.93965517241379
2018-06-01	1.97933515015578	2.12314225053079
2018-07-01	1.99335529853962	2.22222222222222
2018-08-01	1.98634287306826	2.23880597014925
2018-09-01	1.81132768106833	2.11640211640212
2018-10-01	1.9233126289033	2.3109243697479
2018-11-01	1.60714425010705	1.97710718002081
2018-12-01	1.63131243102624	1.97505197505198
2019-01-01	1.41925631607619	1.85185185185185
2019-02-01	1.62021388594893	2.03045685279188
2019-03-01	0.929780031781983	1.90380761523046
2019-04-01	1.0079159880045	2.08333333333333
2019-05-01	0.996525775845705	2.04479065238559
2019-06-01	1.3449855651353	1.92307692307692
2019-07-01	1.32180455849828	1.80608365019011
2019-08-01	1.28952293334503	1.77736202057998
2019-09-01	1.29	1.76744186046512
2019-10-01	1.42549737860565	1.81818181818182
2019-11-01	1.47964949822113	1.80995475113122
2019-12-01	1.38718983497751	1.8018018018018
2020-01-01	1.83062399780694	2
2020-02-01	1.82512022533114	2.20338983050847
2020-03-01	1.84279394057552	2.35492010092515
2020-04-01	2.32146330717243	3.13293818797629
2020-05-01	3.14227482325744	3.80067567567568
2020-06-01	3.22706252199177	4.28571428571429
2020-07-01	3.9028203843141	4.81012658227848
2020-08-01	4.07652502814295	4.98732037193576
2020-09-01	4.168453142376	5.31197301854975
2020-10-01	4.11020376469708	5.58375634517767
2020-11-01	3.88708128460096	5.44388609715243
2020-12-01	3.83392559010348	5.39629005059022
2021-01-01	3.38084746263764	5.21885521885522
2021-02-01	3.24729715651773	5.1063829787234
2021-03-01	3.15475286063798	4.91942324003393
2021-04-01	2.60576038054329	4.0447504302926
2021-05-01	1.72590353221716	3.29575021682567
2021-06-01	1.24884205578877	2.44755244755245
2021-07-01	0.57991220877348	1.9315188762072
2021-08-01	0.468600070043025	1.83727034120735
2021-09-01	0.35102429817878	1.50044130626655
2021-10-01	0.198783710061825	0.886524822695036
2021-11-01	0.289490809747674	0.975177304964539
2021-12-01	0.285998310700827	0.96830985915493
2022-01-01	0.287849196318449	0.886524822695036
2022-02-01	0.190219886359247	0.711111111111111
2022-03-01	0.186644990097818	0.706713780918728
2022-04-01	0.184315458505975	0.616197183098592
2022-05-01	0.214841496509942	0.781928757602085
2022-06-01	0.279774757967324	0.865800865800866
2022-07-01	0.27902902726492	0.779220779220779
2022-08-01	0.59964312985254	1.20274914089347
2022-09-01	0.897724368474116	1.36518771331058
2022-10-01	0.830836678820539	1.3828867761452
2022-11-01	0.733432645666677	1.2853470437018
2022-12-01	0.719024140904362	1.45175064047822
2023-01-01	0.829103923452556	1.61839863713799
2023-02-01	1.01517924704664	1.85341196293176
2023-03-01	1.3242211073603	2.18855218855219
2023-04-01	1.31182575776585	2.42881072026801
2023-05-01	1.57621105317956	2.69360269360269
2023-06-01	1.71020415242221	2.96359017781541
2023-07-01	1.7475847971049	3.38409475465313
2023-08-01	1.55079562558493	3.12236286919831
2023-09-01	1.33824550109395	3.17195325542571
2023-10-01	1.43096276917203	3.27731092436975
2023-11-01	1.47821214388951	3.61952861952862
2023-12-01	1.52747128025964	3.83959044368601
2024-01-01	1.47059834804695	4.0274207369323
2024-02-01	1.4112986923983	4.31778929188256
2024-03-01	1.14071335290429	4.22413793103448
2024-04-01	1.30675884493121	4.32900432900433
2024-05-01	1.0772968541297	4.35161009573542
2024-06-01	0.919380265571573	4.31034482758621
2024-07-01	0.916442656691202	4.01709401709402
2024-08-01	0.784237585873954	4.17021276595745
2024-09-01	0.796299426537434	4.20875420875421
2024-10-01	0.733110677721762	4.3956043956044
2024-11-01	0.941801118156484	4.56466610312764
2024-12-01	0.910200545572983	4.7008547008547
2025-01-01	0.943893713438043	4.58477508650519
2025-02-01	0.809353476622968	4.1848299912816

Note: The data begin in December 1998; the data including distressed exchanges begin in December 2016. The default rate is calculated as the amount in default over the past 12 months divided by the total outstanding volume of loans that are not in default at the beginning of the 12-month period. The default rate including distressed exchanges is calculated as the number of issuers in default or distressed exchange over the past 12 months divided by the total number of issuers that are not in default at the beginning of the 12-month period. The shaded bars with top caps indicate periods of business recession as defined by the National Bureau of Economic Research: March 2001–November 2001, December 2007–June 2009, and February 2020–April 2020.

Source: PitchBook Data, Leveraged Commentary & Data.

Return to text

Figure 2.9. Inflation-adjusted household debt was largely unchanged

This is a line chart titled "Inflation-adjusted household debt was largely unchanged". The x-axis measures time and ranges from 1999 to 2024. The data are quarterly. The y-axis measures trillions of dollars (real) and ranges from 0 to 16. There are 3 variables charted on the plot. The first line is labeled "Prime", is designated by a black line, and ranges from about 4 to 13 trillion dollars. This variable rises from around 4 to about 11 trillion dollars from 1999 to 2008 and then declines to 8.8 trillion dollars in 2013. After 2013, this variable rises slowly until it reaches 12.1 trillion dollars in 2021:Q3, falls slightly to 11.8 trillion dollars throughout 2022, then rises again to end at 12.8 trillion dollars in 2024:Q4. The second variable is labeled "Near prime" and is designated by a blue line. It ranges from around 2.6 to around 4.5 trillion dollars. The variable has a slight increase from 3 to around 4.5 trillion dollars from 2002 to 2008 but is otherwise stable around 3 trillion dollars, declining slightly since 2020:Q4 to end at 2.9 trillion dollars in 2024:Q4. The third variable is labeled "Subprime", is designated by the red line, and ranges from 1.4 to around 3.5 trillion dollars. There is a slight increase from 1.4 trillion dollars in 1999 to around 3 trillion dollars in 2007, and there is a steeper increase to around 3.5 trillions of dollars between 2007 and 2010. Then, the variable decreases to around 2 trillion dollars from 2014 to 2020:Q2. It shows a slight drop to around 1.4 trillion dollars throughout 2021 and 2022 before a slight increase to around 1.9 trillion dollars in 2024:Q4.

Note: Subprime are borrowers with an Equifax Risk Score less than 620; near prime are from 620 to 719; prime are greater than 719. Scores are measured contemporaneously. Student loan balances before 2004 are estimated using average growth from 2004 to 2007, by risk score. The data are converted to constant 2024 dollars using the consumer price index.

Source: Federal Reserve Bank of New York Consumer Credit Panel/Equifax; consumer price index, Bureau of Labor Statistics via Haver Analytics.

Return to text

Figure 2.10. Measures of housing leverage stayed significantly below their peak levels

This is a line chart titled "Measures of housing leverage stayed significantly below their peak levels". The x-axis measures time and ranges from 1999 to 2024. The data are quarterly. The y-axis ranges from 60 to 180 and measures indexed ratios of outstanding mortgage debt to home values (with 100 being the ratio in 1999:Q1). There are two variables charted on the plot. The first line is labeled "Relative to model-implied values" and is designated by the black line. It ranges from 100 to 135. The variable starts at 100 in 1999 and increases to around 135 in 2008 before decreasing to about 103 in 2021:Q2 and then rising to 113 in 2024:Q4. The second line is labeled "Relative to market value" and is designated by the blue line. The variable also starts at 100 in 1999 and hovers between 93 and 100 until 2006. It then rises to around 136 in the years 2009-2012 before decreasing to around 78 in 2022:Q3 and finally rising again to over 82 at the end of the sample in 2024:Q4. There is also a horizontal dashed line marked at 100.

Note: Housing leverage is estimated as the ratio of the average outstanding mortgage loan balance for owner-occupied homes with a mortgage to (1) current home values using the Zillow national house price index and (2) model-implied house prices estimated by a staff model based on rents, interest rates, and a time trend.

Source: Federal Reserve Bank of New York Consumer Credit Panel/Equifax; Zillow, Inc., Real Estate Data; Bureau of Labor Statistics via Haver Analytics.

Return to text

Figure 2.11. Mortgage delinquency rates edged up but remained close to the low end of their historical distribution

This is a line chart titled "Mortgage delinquency rates edged up but remained close to the low end of their historical distribution". The x-axis measures time and ranges from 2001 to 2024. The data are quarterly. The y-axis ranges from 0 to 10 percent of mortgages. There are two variables plotted. The first variable is "All mortgages", which is shown as a solid black line. It begins around 3.3 percent in 2001 and stays between 2.9 and 3.5 percent until 2007. It then begins to rise and peaks around 7.4 percent in 2010. It then steadily decreases to around 1.1 percent in 2021 before beginning to rise again to 2.0 percent in 2024:Q4. The second variable is "Mortgages in loss mitigation", which is shown as a solid blue line. It begins around 5.1 percent in 2001 and stays between 5 and 6 percent until rising in 2008 to about 9 percent. It then gradually fluctuates while decreasing until 2017 when the series spikes to 8 percent, then falls back to around 5 percent in 2018:Q1 where it stays until the series spikes again to 8 percent in 2020:Q2. The series then falls again to around 5 percent in 2021 and ends at 4.4 percent at 2024:Q4.

Note: Loss mitigation includes tradelines that have a narrative code of forbearance, natural disaster, payment deferral (including partial), loan modification (including federal government plans), or loans with no scheduled payment and a nonzero balance. Delinquent includes loans reported to the credit bureau as at least 30 days past due.

Source: Federal Reserve Bank of New York Consumer Credit Panel/Equifax.

Return to text

Figure 2.12. Very few homeowners had negative equity in their homes

Percent of mortgages

Date	Negative equity
2011-01-01	25.2801477
2011-02-01	25.14403759
2011-03-01	24.99349439
2011-04-01	24.93152259
2011-05-01	24.86778766
2011-06-01	24.80639321
2011-07-01	24.65477237
2011-08-01	24.50348051
2011-09-01	24.35737809
2011-10-01	24.65101748
2011-11-01	24.93398222
2011-12-01	25.22515278
2012-01-01	24.69410388
2012-02-01	24.19767741
2012-03-01	23.66744432
2012-04-01	23.20889984
2012-05-01	22.73714373
2012-06-01	22.28260234
2012-07-01	22.1736435
2012-08-01	22.06436208
2012-09-01	21.95828597
2012-10-01	21.83856143
2012-11-01	21.72327356
2012-12-01	21.60469997
2013-01-01	21.11141237
2013-02-01	20.66698986
2013-03-01	20.17616238
2013-04-01	18.42961703
2013-05-01	16.62284533
2013-06-01	14.87236255
2013-07-01	14.35028271
2013-08-01	13.83093694
2013-09-01	13.33092231
2013-10-01	13.37002764
2013-11-01	13.40778486
2013-12-01	13.44668947
2014-01-01	13.24991987
2014-02-01	13.07252344
2014-03-01	12.87645744
2014-04-01	12.22984772
2014-05-01	11.56325433
2014-06-01	10.91967054
2014-07-01	10.73988151
2014-08-01	10.56068372
2014-09-01	10.3878061
2014-10-01	10.48872349
2014-11-01	10.58615501
2014-12-01	10.68659407
2015-01-01	10.5436008
2015-02-01	10.41465931
2015-03-01	10.27218916
2015-04-01	9.81089448
2015-05-01	9.33545318
2015-06-01	8.87653133
2015-07-01	8.70285064
2015-08-01	8.52963032
2015-09-01	8.36244321
2015-10-01	8.36120879
2015-11-01	8.36002953
2015-12-01	8.35879671
2016-01-01	8.27798383
2016-02-01	8.20246359
2016-03-01	8.12183901
2016-04-01	7.77224037
2016-05-01	7.41173511
2016-06-01	7.06350915
2016-07-01	6.82049908
2016-08-01	6.57826395
2016-09-01	6.34457424
2016-10-01	6.31636698
2016-11-01	6.2891235
2016-12-01	6.26101007
2017-01-01	6.18906946
2017-02-01	6.12413954
2017-03-01	6.05234088
2017-04-01	5.85246608
2017-05-01	5.64655486
2017-06-01	5.44790211
2017-07-01	5.28244106
2017-08-01	5.11751836
2017-09-01	4.9584182
2017-10-01	4.94112558
2017-11-01	4.92446662
2017-12-01	4.907297
2018-01-01	4.83929693
2018-02-01	4.77808298
2018-03-01	4.71050232
2018-04-01	4.57110609
2018-05-01	4.42716126
2018-06-01	4.28796195
2018-07-01	4.23688035
2018-08-01	4.18590957
2018-09-01	4.13664704
2018-10-01	4.14557884
2018-11-01	4.15418155
2018-12-01	4.16299557
2019-01-01	4.14798702
2019-02-01	4.13446997
2019-03-01	4.11951412
2019-04-01	4.02813579
2019-05-01	3.93386692
2019-06-01	3.84281944
2019-07-01	3.80144488
2019-08-01	3.76017961
2019-09-01	3.72032491
2019-10-01	3.66656557
2019-11-01	3.61460181
2019-12-01	3.56094814
2020-01-01	3.51876695
2020-02-01	3.47933706
2020-03-01	3.43725928
2020-04-01	3.3802395
2020-05-01	3.32143928
2020-06-01	3.26465063
2020-07-01	3.18478851
2020-08-01	3.10515953
2020-09-01	3.02830438
2020-10-01	2.95595441
2020-11-01	2.88609009
2020-12-01	2.81408016
2021-01-01	2.74729514
2021-02-01	2.68697497
2021-03-01	2.62021964
2021-04-01	2.5176659
2021-05-01	2.4120494
2021-06-01	2.3102107
2021-07-01	2.27230463
2021-08-01	2.23455257
2021-09-01	2.19814935
2021-10-01	2.18375723
2021-11-01	2.16986283
2021-12-01	2.15556587
2022-01-01	2.11821552
2022-02-01	2.08459919
2022-03-01	2.047522
2022-04-01	2.00213866
2022-05-01	1.95535125
2022-06-01	1.91017149
2022-07-01	1.94119825
2022-08-01	1.9721538
2022-09-01	2.00201522
2022-10-01	2.04337861
2022-11-01	2.0833178
2022-12-01	2.12448952
2023-01-01	2.12159234
2023-02-01	2.11899279
2023-03-01	2.11610031
2023-04-01	2.0777164
2023-05-01	2.03809772
2023-06-01	1.99979052
2023-07-01	1.94511246
2023-08-01	1.89008702
2023-09-01	1.8364708
2023-10-01	1.83643494
2023-11-01	1.83640614
2023-12-01	1.83637047
2024-01-01	1.82313029
2024-02-01	1.81073352
2024-03-01	1.79750098
2024-04-01	1.77540201
2024-05-01	1.75258351
2024-06-01	1.73049256
2024-07-01	1.75166919
2024-08-01	1.77281173
2024-09-01	1.79324454
2024-10-01	1.84924297
2024-11-01	1.90342567
2024-12-01	1.95940504

Source: Cotality Real Estate Data.

Return to text

Figure 2.13. New mortgage extensions declined for near-prime and subprime borrowers

This is a bar chart titled "New mortgage extensions declined for near-prime and subprime borrowers". The x-axis measures time and ranges from 2000 to 2024. The data are annual. The y-axis ranges from 0 to 1800, in billions of dollars (real). There are three variables plotted. The first variable is labeled "Subprime" and is designated by the orange bar. It ranges from around 90 to around 440 billion dollars. It starts at 287 billion dollars in 2000 and increases to 477 billion dollars between 2001 and 2006. Then it decreases to around 136 billion dollars in 2009 and remains stable between about 100 billion dollars to 150 billion dollars, until falling to 79 billion dollars in 2023. The second variable is labeled "Near prime" and is designated by the blue bars. It ranges from about 270 to 1100 billions of dollars. The variable starts at around 600 billion dollars in 2000 and increases quickly, peaking at just over 1000 billion dollars in 2006 before falling from 2008 through 2012 to around 287 billion dollars. Since then, it increased and stabilized around 490 billion dollars from 2016 to 2022, before a decline and ending at 315 billion dollars in 2024. The third variable is labeled "Prime" and is designated by the black bars. It ranges from around 700 to 1600 billions of dollars. The variable starts at around 800 billion dollars in 2000 and steeply increases to a peak of around 1620 billions of dollars in 2003. The variable remains between 1200 and 1400 billion dollars from 2004 to 2007 before falling sharply from 2008 to 2012 around 800 billion. The variable then builds back up to 957 billion dollars in 2013. It then climbs to around 1050 billion dollars in 2019, jumping to 1580 billion dollars in 2021, and then declining in the final two observations and ending at 1095 billion dollars in 2024.

Note: The figure plots the year-over-year change in balances for the second quarter of each year among those households whose balance increased over this window. Subprime are those with an Equifax Risk Score less than 620; near prime are from 620 to 719; prime are greater than 719. Scores were measured 1 year ago. The data are converted to constant 2024 dollars using the consumer price index. The key identifies bars in order from left to right.

Source: Federal Reserve Bank of New York Consumer Credit Panel/Equifax; consumer price index, Bureau of Labor Statistics via Haver Analytics.

Return to text

Figure 2.14. Credit card balances trended up last year; auto and student loan balances were about unchanged

This is a line chart titled "Credit card balances trended up last year; auto and student loan balances were about unchanged". The x-axis measures time and ranges from 1999 to 2024. The data are quarterly. The y-axis ranges from 200 to 2000 and the units are in billions of dollars (real). There are 3 variables plotted on the chart. The first variable is labeled "Student loans" and is represented by a black line. The variable starts at around 550 billion dollars in 2005. There are two small, brief dips in 2008 and 2012 but otherwise balances steadily increase to about 1840 billion dollars by 2020:Q2. The variable falls slightly and ends at 1593 billion dollars in 2024:Q4. The second line is labeled "Auto loans"; is designated by a blue line; and ranges from around 600 to around 1550 billion dollars. It starts around at around 600 in 1999 and increases to around 1280 billion dollars in 2005. Auto loan balances fall slightly to around 980 in 2012 but began increasing again afterwards; the line ends at 1642 billion dollars in 2024:Q4. The last variable is labeled "Credit cards" and is represented by a red line. It ranges from around 800 to 1300 billion dollars. Starting at around 900 billion dollars in 1999, credit cards balances increase to a little under 1000 billion dollars and remain steady for several years with a peak at around 1300 billion in 2008. Balances began to decrease after 2009 to around 870 billion dollars in 2013 and steadily increased to around 1020 billion dollars by the end of 2019. The line then falls until it reaches 883 billion dollars in 2022:Q1, then rises until 2024:Q4 where the series ends at 1211 billion dollars.

Note: The data are converted to constant 2024 dollars using the consumer price index. Student loan data begin in 2005:Q1.

Source: Federal Reserve Bank of New York Consumer Credit Panel/Equifax; consumer price index, Bureau of Labor Statistics via Haver Analytics.

Return to text

Figure 2.15. The average maturity of auto loans at origination for used cars was elevated for nonprime borrowers

Months

Date	Prime	Nearprime	Subprime
2015-01-01	62.2712450800844	63.7921878297675	63.0392646029049
2015-02-01	62.3311350829791	63.4441966331327	62.1575728130603
2015-03-01	62.4345409062575	63.4901275102188	62.2813655751391
2015-04-01	62.4675102161277	63.7276357833536	63.0180636392179
2015-05-01	62.5289046148641	63.9853808093393	63.2147946260765
2015-06-01	62.56726443792	64.0245202328851	63.3490242747683
2015-07-01	62.678007140726	64.2199737088928	63.5020930445352
2015-08-01	62.670644163841	64.0749028844745	63.3887496674707
2015-09-01	62.8645571950592	64.1397890701736	63.4109300292927
2015-10-01	62.9749112869363	64.2718864341101	63.4955984636472
2015-11-01	63.0527507269054	64.3593793773472	63.6072799740114
2015-12-01	63.1481713657921	64.5137452046964	63.75053637665
2016-01-01	63.1999707976725	64.7436918323099	64.1537997127606
2016-02-01	63.1696711889017	64.4643028070318	63.4648675337535
2016-03-01	63.1470468035177	64.4421826508085	63.3582131112335
2016-04-01	63.3020493311094	64.7230470654712	63.8935786783414
2016-05-01	63.3595818442502	64.845336085604	64.1416342821933
2016-06-01	63.3460493544401	64.8413224845367	64.2236566487613
2016-07-01	63.4913102304997	64.8946335817682	64.2991684433393
2016-08-01	63.4350738138219	64.8306210337505	64.2370453035637
2016-09-01	63.522685513856	64.9788217581042	64.2562757026617
2016-10-01	63.6930786971312	65.0674624884233	64.2040317031444
2016-11-01	63.6213698554351	65.1324552021578	64.2445918605194
2016-12-01	63.7335837031305	65.2763901820774	64.4418331440811
2017-01-01	63.7533868140937	65.3278091849325	64.5453765568727
2017-02-01	63.6788674662936	65.0294614321489	64.1927733846033
2017-03-01	63.6201563821751	64.8403287241818	63.6083552107934
2017-04-01	63.7272763223418	65.1752103060559	64.3373712052973
2017-05-01	63.6245582298734	65.1696311267336	64.4303381186764
2017-06-01	63.637758404019	65.1592800820749	64.388571693934
2017-07-01	63.6132979057947	65.0402250194849	64.5034913742742
2017-08-01	63.4986028494014	64.9013064091368	64.1177701164032
2017-09-01	63.5680941304253	64.8839038722432	64.1018889599657
2017-10-01	63.6985181701779	65.0860648583033	64.1889345067257
2017-11-01	63.8379306984622	65.2851800787941	64.392616272839
2017-12-01	63.8469913261394	65.4519972551888	64.674253689603
2018-01-01	63.9011736894378	65.5765840887172	64.6766531084462
2018-02-01	63.932547363881	65.2985477374276	64.4417481235598
2018-03-01	63.8049760213143	65.0832260496314	63.7696666116104
2018-04-01	63.9795187751396	65.3336670107419	64.3266927840415
2018-05-01	63.8599903590572	65.4527291421197	64.587984324744
2018-06-01	63.8282033831968	65.4950917196252	64.7133242971651
2018-07-01	64.0053211709499	65.5397333856537	64.7567008496758
2018-08-01	63.8323387462529	65.4099651546341	64.5389614928983
2018-09-01	63.9974823947787	65.582123057008	64.5653291821204
2018-10-01	63.948206433994	65.6327908467785	64.6039965781433
2018-11-01	64.1034282312783	65.6994706049867	64.6991675656007
2018-12-01	64.1804932165622	65.9828217094395	65.0798838433128
2019-01-01	64.165519182164	66.0237004854473	65.2380499014158
2019-02-01	64.1991518448244	66.0006586350524	65.1325774409287
2019-03-01	64.1525535990178	65.7250182207249	64.565984504617
2019-04-01	64.3037584866513	65.9851565885696	65.1661830622642
2019-05-01	64.0816367305902	65.9479476019967	65.2502969726503
2019-06-01	64.1590472093743	66.1283722292327	65.5412381306664
2019-07-01	64.2751546988289	66.1694351087881	65.5835645905273
2019-08-01	64.1864985871126	66.0506915800099	65.3898799023866
2019-09-01	64.1962009602915	66.1620664869295	65.4575559176533
2019-10-01	64.281391009307	66.2058267533142	65.5353170977597
2019-11-01	64.4278922803351	66.3501149469063	65.7015130718909
2019-12-01	64.4311320994505	66.4524274139313	65.7924418140562
2020-01-01	64.2578888533433	66.3437888745875	65.7280097721011
2020-02-01	64.2512243448576	66.2272167995238	65.4315641759074
2020-03-01	64.427603825207	66.1613794250706	65.1218817613481
2020-04-01	65.8197680749682	67.1664079309158	66.0054544814801
2020-05-01	65.4941604105495	66.9682653186075	65.8764897183769
2020-06-01	65.037604529322	66.7071413803397	65.7777907110211
2020-07-01	64.682461310685	66.4988727146703	65.9187411110774
2020-08-01	64.6915591626505	66.6891904298516	66.1379738142649
2020-09-01	64.9588066543334	66.9514125760982	66.3726082690867
2020-10-01	65.1438814507027	67.1412537927076	66.6607383055831
2020-11-01	65.2628748991468	67.3004551114159	66.7645600450468
2020-12-01	65.2631604833186	67.3302103420457	66.8527999071819
2021-01-01	65.3156305851648	67.3336512020283	66.8010329088523
2021-02-01	65.3813039727903	67.3263656820884	66.7358602518152
2021-03-01	65.2903647697834	67.1658226186733	66.2771687098444
2021-04-01	65.405047591109	67.1039317579131	66.3402643588893
2021-05-01	65.6645452345868	67.5410518313529	66.9097437262937
2021-06-01	65.9435938063539	67.8907177334917	67.1698396231184
2021-07-01	66.2707740603246	68.2315541458234	67.4973653267581
2021-08-01	66.5063343739444	68.3759349497838	67.7392157837235
2021-09-01	66.7604087912444	68.6920180418099	68.0061397883231
2021-10-01	66.9275744091965	68.8299369231903	68.0320944132043
2021-11-01	66.9264570599047	68.8552988968561	67.9711770931672
2021-12-01	67.1387199636337	69.0049735679036	68.1833271124492
2022-01-01	67.3232786074061	69.0350884788712	68.2109716202225
2022-02-01	67.5552711713059	69.1950605874076	68.2817820726522
2022-03-01	67.7225039561351	69.1714468740479	67.9921211290097
2022-04-01	67.9158352568633	69.4605884260249	68.48196638183
2022-05-01	68.1240554199075	69.6417917498044	68.7258599748727
2022-06-01	68.1477459128411	69.7145753128863	68.6963520620499
2022-07-01	68.1326137508706	69.72441444335	68.7564325818168
2022-08-01	67.9981306574845	69.535914656496	68.6992325451248
2022-09-01	67.9737352761298	69.5786536225661	68.6278318131467
2022-10-01	67.9936854269759	69.6179438255321	68.7305134034534
2022-11-01	67.8574927013209	69.5049685501134	68.5858878610119
2022-12-01	67.6767938917241	69.4596188058474	68.6815072883791
2023-01-01	67.4485781388606	69.2629758090446	68.4744077994139
2023-02-01	67.3261009926428	69.0960975117401	68.1186876997365
2023-03-01	67.1449919395708	68.7597985361521	67.7709251437601
2023-04-01	67.2326579665362	68.9843819897545	68.2759819893259
2023-05-01	67.1330018687817	69.0653559284557	68.4764713830649
2023-06-01	67.2776868811883	69.1510252897049	68.5175236946551
2023-07-01	67.541583902116	69.3596434652198	68.749782518116
2023-08-01	67.3748205357035	69.249276383685	68.6075317967559
2023-09-01	67.3181072180904	69.2968509927715	68.5688975316562
2023-10-01	67.1537726490301	69.174085607836	68.5453921996106
2023-11-01	67.2280371582716	69.1385873982116	68.5891316466455
2023-12-01	67.0472513043637	69.2109940174624	68.7555032315907
2024-01-01	66.9738073040691	69.175463130829	68.8998131118071
2024-02-01	66.7950189366186	69.1170108345121	68.5223953988061
2024-03-01	66.8840050812384	68.8425034050441	68.2273944556747
2024-04-01	66.871326848354	68.9971097174368	68.4368908538979
2024-05-01	66.8271102463513	69.0378199611063	68.5692434729983
2024-06-01	66.6253074220125	68.919799397961	68.5707280445266
2024-07-01	66.6000375354325	68.8618359599888	68.4993570085009
2024-08-01	66.5055112775506	68.8117158131607	68.514010625548
2024-09-01	66.5425063418372	68.8124129686369	68.4389783322726
2024-10-01	66.4669388902567	68.7452734407168	68.4335646175567
2024-11-01	66.5742573117222	68.7820815850137	68.6066279231852

Note: The data are seasonally adjusted. Loans are for used auto vehicles only. Subprime are those with a VantageScore less than 601; near prime are from 601 to 660; prime are greater than 660.

Source: Experian Velocity.

Return to text

Figure 2.16. Auto loan delinquencies have been above normal levels

This is a line chart titled "Auto loan delinquencies have been above normal levels". The x-axis measures time and ranges from 2000 to 2024. The data are quarterly. The y-axis ranges from 1 to 5 percent. There is one variable plotted. The series is labeled "Delinquent" and represented by a black line. It begins around 3 percent and fluctuates within 2-4 percent for the next few years. It increases to around 5 percent in 2008:Q4, but then slowly decreases and hovers around 3 percent through 2019:Q1. The data decreases to around 2 percent in 2021:Q2 before rising to around 3.8 percent in 2024:Q4.

Note: Delinquent includes loans reported to the credit bureau as at least 30 days past due. The data for auto loans are reported semiannually by the Risk Assessment, Data Analysis, and Research Data Warehouse until 2017, after which they are reported quarterly. The data are seasonally adjusted.

Source: Federal Reserve Bank of New York Consumer Credit Panel/Equifax.

Return to text

Figure 2.17. Inflation-adjusted credit card balances for all risk segments trended higher

This is a line chart titled "Inflation-adjusted credit card balances for all risk segments trended higher". The x-axis measures time and ranges from 1999 to 2024. The data are quarterly. The y-axis ranges from 0 to 700 billions of dollars (real). There are three variables plotted on the chart. The first variable is labeled "Prime" and is designated by a black line. It ranges from around 250 to 620 billion dollars. The series started at around 230 billion dollars in 1999 and increased to nearly 550 billion dollars in 2009. There is a slight decline from 2009 until balances were close just under 450 billion in 2012. From 2012 onwards, the series increased with fluctuations, reaching nearly 550 billion dollars at the end of 2019. It dropped to 458 in 2021:Q1 before increasing to a high of 620 billion dollars in 2024:Q4. The second variable is labeled "Near prime", is represented by a blue line, and ranges from around 250 to 450 billion dollars. Starting around 400 billion dollars in 1999, the series increased to around 470 billion dollars in 2002 to 2003. Near prime balances decrease to around 410 billion dollars in 2005 and remains mostly flat until 2008 before decreasing to around 290 billion dollars in 2011. The level has risen slowly since then, reaching about 350 billion dollars in 2019. It decreased to around 270 billion dollars in 2021:Q1, then rose to 353 billion dollars in 2024:Q4. The third variable is labeled "Subprime", is designated by a red line, and ranges from around 125 to 310 billion dollars. It starts at around 230 billion dollars in 1999 and increases until reaching a peak at around 310 billion dollars in 2002. It decreases to around 230 billion dollars in 2005 before beginning to increase with fluctuations to around 300 billion dollars in 2008. It decreases to around 140 billion dollars in 2013 before slowly climbing again, reaching around 185 billion dollars in 2019:Q4. It decreased through 2021 and then increases to end at 239 billion dollars in 2024:Q4.

Note: Subprime are borrowers with an Equifax Risk Score less than 620; near prime are from 620 to 719; prime are greater than 719. Scores are measured contemporaneously. The data are converted to constant 2024 dollars using the consumer price index.

Source: Federal Reserve Bank of New York Consumer Credit Panel/Equifax; consumer price index, Bureau of Labor Statistics via Haver Analytics.

Return to text

Figure 2.18. Credit card delinquencies remained somewhat above their pre-pandemic levels

This is a line chart titled "Credit card delinquencies remained somewhat above their pre-pandemic levels". The x-axis measures time and ranges from 2000 to 2024. The data are quarterly. The y-axis ranges from 0 to 8 percent, measuring delinquency rates on credit cards. There is one variable plotted, denoted by a black line. It ranges from just under 2 to about 7 percent. The series begins at 4 percent in 2000, rises to 6 percent through 2003, then falls just under 4 percent in 2005:Q4. The series then stays around 4 percent until 2008 when it slowly increases to 5 percent, then jumps to the series maximum of about 7 percent in 2009:Q1. The series then slowly falls to about 2 percent in 2015, then begins increasing in 2016:Q4 and reaches about 3 percent in 2020. Then, the series decreases to just under 2 percent in 2021 before it increases to about 4.0 percent when the series ends in 2024:Q4.

Note: Delinquency measures the fraction of balances that are at least 30 days past due, excluding severe derogatory loans, which are delinquent and have been charged off, foreclosed, or repossessed by the lender. The data are seasonally adjusted.

Source: Federal Reserve Bank of New York Consumer Credit Panel/Equifax.

Return to text

Figure 3.1. Banks’ average risk-based capital ratios were near or above previous peaks

This is a line chart titled "Banks’ average risk-based capital ratios were near or above previous peaks". The x-axis measures time and ranges from 2001 to 2024. The data are quarterly. The y-axis ranges from 0 to 14 percent of risk-weighted assets. There are three variables plotted on the chart. The first series is labeled "G-SIBs". This series is designated by a red line and ranges from about 5 to 13 percent. The variable begins around 7.2 percent and remains around there until a dip from 2007 to 2009, falling to around 4.9 percent at the end of 2008. The variable gradually increases with a peak in 2014 at 12.5 percent. The variable remains around this value and ends at 13.2 in 2024:Q4. The second series is labeled "Large non-GSIBs" and is designated by a blue line. The variable ranges from 5 to 12 percent and begins around 7 percent. The variable follows a similar curve to the first with a dip at the end of 2008 to 5.5 percent and gradual increase to 12.8 in 2022. The variable has remained around there and ends at 12.6 in 2024:Q4. The third series is labeled "Other BHCs" and is designated by a black line. It ranges from about 6 to 13 percent. The variable begins around 8 percent and also follows a similar pattern to the first two series. The variable dips in mid-2009 to about 6.6 percent and gradually increases to 12.7 in 2021. The series ends at 13.4 in 2024:Q4

Note: The sample consists of domestic bank holding companies (BHCs) and intermediate holding companies (IHCs) with a substantial U.S. commercial banking presence. G-SIBs are global systemically important banks. Large non–G-SIBs are BHCs and IHCs with greater than $100 billion in total assets that are not G-SIBs. Before 2014:Q1 (advanced-approaches BHCs) or before 2015:Q1 (non-advanced-approaches BHCs), the numerator of the common equity Tier 1 ratio is Tier 1 common capital. Afterward, the numerator is common equity Tier 1 capital. The denominator is risk-weighted assets. The shaded bars with top caps indicate periods of business recession as defined by the National Bureau of Economic Research: March 2001–November 2001, December 2007–June 2009, and February 2020–April 2020. The data are seasonally adjusted by Federal Reserve Board staff.

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

Return to text

Figure 3.2. Banks kept healthy net interest margins

This is a line chart titled "Banks kept healthy net interest margins". The x-axis measures time and ranges from 2014 to 2024. The data are quarterly. The y-axis ranges from 0 to 7 percent. There are two variables plotted on the chart. The first series is labeled "Average interest rate on interest-earning assets". This series is designated by a black line and ranges from about 3 to 6 percent. The variable begins around 3.5 percent and has a gradual increase to about 4.5 percent in the middle of 2019. There is a decline in 2020 and the series falls below 3 percent in 2021 and early 2022 before a sharp increase back to about 6 percent in 2024:Q4. The second series, labeled "Average interest expense rate on liabilities", is designated by a blue line and ranges from just above 0 to 3 percent. This variable begins at about 0.5 and increases slowly to 1.3 percent, where it stays through 2019. In 2020, it decreases to below 0.5 percent through 2021:Q4 before rising to its highest value of around 3 percent in 2024:Q4.

Note: Average interest rate on interest-earning assets is total interest income divided by total interest-earning assets. Average interest expense rate on liabilities is total interest expense divided by total liabilities. The shaded bar with a top cap indicates a period of business recession as defined by the National Bureau of Economic Research: February 2020–April 2020.

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

Return to text

Figure 3.3. The fair value losses of banks’ securities portfolios remained sizable

This is a stacked bar chart titled "The fair value losses of banks’ securities portfolios remained sizable". The x-axis measures time and ranges from 2017 to 2024. The data are quarterly. The y-axis ranges from -800 to 200 billion dollars. Two variables are shown on the chart. The first variable is labeled "Available-for-sale securities" (AFS) and is represented by dark blue bars which range from about -$320 to just under $100 billion. The second variable is labeled "Held-to-maturity securities" (HTM) and is represented by beige bars which range in magnitude from about -$390 to just over $40 billion in magnitude. The bars for each series are roughly the same size as the other in each period, with neither ever becoming more than about twice as big as the other. The two series collectively hover within a range of about -100 to 150 billion dollars until 2022:Q1, when both series see a pronounced drop to about a combined -300 billion dollars. They decline further to almost -700 billion in aggregate in 2022:Q3, then recover to about -500 billion in 2023:Q1. They decline again in 2023:Q3 to about -700 billion again and end the year in 2023:Q4 with an increase to about -475 billion, but slightly decline to -500 by the end of 2024:Q2. Through 2024:Q4, there's a very slight increase to about -480 billion with AFS accounting for about -180 billion and HTM accounting for about -300 billion.

Note: The figure plots the difference between the fair and amortized cost values of the securities. The sample consists of all BHCs and commercial banks. Source: Federal Financial Institutions Examination Council, Call Report Form FFIEC 031, Consolidated Reports of Condition and Income (Call Report); Federal Reserve Board, Form FR Y-9C, Consolidated Financial Statements for Holding Companies.

Return to text

Figure 3.4. The ratio of tangible common equity to tangible assets increased, on net, for banks of all categories in the second half of 2024

Percent of tangible assets

Date	G-SIBs	Large non–G-SIBs	Other BHCs
1985-03-31	4.7237088709188	4.86816676884551	6.36501485883
1985-06-30	4.59125345770151	4.66557608910949	6.35101032394561
1985-09-30	4.79523451561782	4.56645117118664	6.36296833278732
1985-12-31	4.95967608741877	4.42465352943916	6.34589802025321
1986-03-31	4.93146188226754	4.53829125253964	6.43207174392969
1986-06-30	5.07004072298375	4.41820210006349	6.36911003643551
1986-09-30	5.27967283408765	4.58405019324022	6.38402144224845
1986-12-31	4.99029187639708	5.1443088172347	6.17242289042722
1987-03-31	5.05441602182307	6.10610818618641	6.30040029292123
1987-06-30	4.48201560368126	4.6777856057131	5.92832773403827
1987-09-30	4.30531450516138	4.86927153558545	6.01527252682781
1987-12-31	4.49699357783084	4.85719565129469	6.00119204027443
1988-03-31	4.54001116017465	5.1457407665029	5.96782189992689
1988-06-30	4.75340541154763	5.13548259614364	6.02125307240207
1988-09-30	4.4821089551021	5.12452784879019	6.12430919905809
1988-12-31	5.09656228088211	5.35894963233289	6.22723322967146
1989-03-31	5.08673220561322	5.34372221591523	6.30391349135823
1989-06-30	5.23945230260606	5.37036589165347	6.31704695945988
1989-09-30	4.95927441855786	5.19078075634466	6.20579708164454
1989-12-31	4.84010345687516	4.63677368830241	6.19945262636667
1990-03-31	4.93437274031224	4.67131951925857	6.28018184273114
1990-06-30	4.96534860846624	4.83611874433068	6.26453431622769
1990-09-30	4.82584433686173	4.89225965092502	6.25057805072617
1990-12-31	4.90428514134216	5.1508435399062	6.29491901844609
1991-03-31	5.06667765113433	5.28918532645901	6.4204906500366
1991-06-30	4.85324956274166	5.29597068535265	6.47596623680173
1991-09-30	4.81141178199701	4.83573405317192	6.51026332026719
1991-12-31	5.01136917248809	4.81250741360181	6.6677045189243
1992-03-31	5.47309079030955	4.79001109544931	6.7866099779648
1992-06-30	5.60634551117032	4.81517089950288	7.11735815189278
1992-09-30	5.68863165211333	5.05537105017421	7.23358913395177
1992-12-31	5.79370335704894	5.8226995333387	7.38692147697106
1993-03-31	6.00090930612608	6.15716499246164	7.57230321824525
1993-06-30	6.16893919764784	6.10494060715054	7.72129402919928
1993-09-30	6.3330020582721	6.22795144290338	7.73635096464744
1993-12-31	6.45876883455897	6.48469090576703	7.85376550331968
1994-03-31	5.95721574173736	5.76071119432333	7.79086114994208
1994-06-30	6.05870973027227	5.85337890299952	7.70096842898968
1994-09-30	5.85485701124102	6.12238773695335	7.72754917128978
1994-12-31	5.49608753971058	6.22914697692389	7.61953506087363
1995-03-31	5.30748211905843	5.89634578002482	7.74344216396176
1995-06-30	5.52538727362049	6.25347819813215	7.80862047685951
1995-09-30	5.57403951758764	6.27185878369863	7.86865637715974
1995-12-31	5.654076616403	6.25424820822249	7.94470075432385
1996-03-31	5.92437356439526	6.33034511362746	7.95225681698753
1996-06-30	5.7787559270633	6.29431538237054	7.8146454998923
1996-09-30	5.97686384003032	6.19654200700447	7.75911966467043
1996-12-31	5.77551540290233	6.06218495829875	7.77990275499111
1997-03-31	5.40807590724954	6.05946147029423	7.81701959853726
1997-06-30	5.32094108278849	5.91645447034198	7.72437129183676
1997-09-30	5.40306157004381	5.82959376500008	7.76370928986699
1997-12-31	5.32783199792995	5.74304305594964	7.83043708318629
1998-03-31	5.414585831434	5.64426374162887	7.83305256551701
1998-06-30	5.772072433707	5.6533239593523	7.86284001317225
1998-09-30	5.93929326706571	5.51508030963937	7.82455477796893
1998-12-31	5.68564645120293	5.45559957787669	7.78495335613792
1999-03-31	5.77052812667777	5.69534528913095	7.71224627339439
1999-06-30	5.70790929095797	5.60785316484851	7.61215126197701
1999-09-30	5.77067681364251	5.55426003369946	7.52271374231034
1999-12-31	5.62390841378944	5.27774095228668	7.38546297547691
2000-03-31	5.67913101697044	5.2608520307366	7.30564210860703
2000-06-30	5.42713665351368	5.13031017167969	7.36948289032578
2000-09-30	5.52325537138311	5.41635097369273	7.49129857481437
2000-12-31	5.53887301599062	5.82474244152152	7.7342394117548
2001-03-31	4.88606502141708	5.72549425941033	7.55546485771149
2001-06-30	4.82321492352177	5.12022202269264	7.71211221649216
2001-09-30	4.46318349150256	5.03394865364554	7.90614959630236
2001-12-31	4.62513244786752	4.72908863284306	7.78226113231014
2002-03-31	4.55824754501541	4.92815339894675	7.79889524196733
2002-06-30	4.67825847202571	5.10964780317402	7.93662453500364
2002-09-30	4.84366476483573	5.34508808139388	7.96074625312494
2002-12-31	4.79803714164231	5.3637627338541	7.98948247493302
2003-03-31	4.72398322621056	5.43159622804864	7.92745910762136
2003-06-30	4.77270374460117	5.34487025607336	7.75826821349672
2003-09-30	4.71501303165754	5.26442162902046	7.72084280634592
2003-12-31	4.53825717358464	5.22558675430209	7.76819297489458
2004-03-31	4.50529041304721	5.38283594322082	7.96533978400774
2004-06-30	4.03764036048786	4.76807504065708	7.57771621836951
2004-09-30	4.30482244014643	4.43614795403547	7.97464551965142
2004-12-31	4.41532320152134	4.18543629133121	8.17508870361277
2005-03-31	4.21817029153203	3.89272491337341	7.96279634895095
2005-06-30	4.33169902692178	4.36856776081361	8.129794882458
2005-09-30	4.29552238784801	4.00345799984981	8.07091704712861
2005-12-31	4.22919132410551	4.08338332610105	7.96448741268667
2006-03-31	4.03655438363319	3.77407223193578	7.84192092364949
2006-06-30	3.88060024868593	3.69821031837893	7.80898915134335
2006-09-30	4.06897402742052	3.90178402059117	8.04667776402788
2006-12-31	4.01169620829711	4.2452059748518	8.036926081936
2007-03-31	3.80455376694069	4.23427087102785	7.97357278825812
2007-06-30	3.51144348458793	4.14975192637452	7.90066461970267
2007-09-30	3.38824027580952	4.23206473576045	7.91896052973092
2007-12-31	3.13549709320522	3.91575193289302	7.93627647361457
2008-03-31	2.91411268982261	3.70327389275733	7.92749483458403
2008-06-30	2.8592787678037	3.71815244858824	7.78179707672401
2008-09-30	2.24332602842351	3.49930545524424	7.606571095922
2008-12-31	2.27310315928882	3.59720419360704	7.52128566321195
2009-03-31	2.67933520981887	4.04310261424873	7.52661298353964
2009-06-30	3.36188539437184	4.64124489080282	7.59067435700713
2009-09-30	4.30843170047897	4.80852047387828	7.89722317403473
2009-12-31	4.69336593690793	4.73785446108179	8.05433801381093
2010-03-31	4.7639103444209	4.82870134204767	8.30616327861644
2010-06-30	5.21045490067188	5.40936008051247	8.6243941564205
2010-09-30	5.46843083972949	5.63395018630418	8.81307032659001
2010-12-31	5.59684825937364	6.36551320613124	8.76131005574771
2011-03-31	5.69597338582748	6.68580070207506	8.92559684276298
2011-06-30	5.84811398071342	6.94421089087725	9.16309644302272
2011-09-30	6.05388503905373	7.231294202028	9.28918219974394
2011-12-31	6.28922545175536	7.15111022993863	9.43382620713807
2012-03-31	6.35208307079801	7.32890892101798	9.47666932591145
2012-06-30	6.57100876096896	7.42737691110695	9.650004639188
2012-09-30	6.71459239860791	7.57073062909844	9.69628984382645
2012-12-31	6.70852374349484	7.52005290601296	9.56818326257078
2013-03-31	6.78531698956402	7.85680618833903	9.70916066365222
2013-06-30	6.77324143681927	7.79618860275159	9.57568307861411
2013-09-30	6.80179682275397	7.91050976933615	9.59036911338881
2013-12-31	6.92711934007666	7.98096345555212	9.6978722532142
2014-03-31	6.98870974686852	8.18101695567381	9.7276905437892
2014-06-30	7.08530749919026	8.32107045214183	9.88432679351057
2014-09-30	7.18419700408077	8.33080588595567	9.68248527848146
2014-12-31	7.2120544016271	8.2503278849215	9.7067758419597
2015-03-31	7.29572249496211	8.45475700959907	9.72175755740955
2015-06-30	7.45608697217242	8.34178043001445	9.73210923340958
2015-09-30	7.63917574930302	8.55071678567086	9.73048911145198
2015-12-31	7.7727819949132	8.34412290471215	9.7421649703335
2016-03-31	7.74309580695799	8.52023621055312	9.78440030601233
2016-06-30	7.76489425051964	8.56444596541119	9.80677434562955
2016-09-30	7.77272553923029	8.34222336374019	9.76330022965079
2016-12-31	7.71780747261041	8.18569022215512	9.58162134586437
2017-03-31	7.64431962433969	8.31337710398259	9.70495303313852
2017-06-30	7.7169206519714	8.27057408040315	9.79730675413844
2017-09-30	7.68603656324499	8.38524194664932	9.76842354301845
2017-12-31	7.36272223162835	8.20405857777413	9.69323593974628
2018-03-31	7.17475347761294	8.22545240786137	9.60458038486202
2018-06-30	7.29377177392645	8.28419978645872	9.63552946615742
2018-09-30	7.19967062894261	8.25166266180965	9.6464167975985
2018-12-31	7.22233261862194	8.2457745160188	9.78221605475501
2019-03-31	7.20822327126357	8.47217258605222	10.0073783131374
2019-06-30	7.21289142527361	8.63697038496417	10.1231039362651
2019-09-30	7.04144574252191	8.62823810748753	10.0615121872641
2019-12-31	7.00196194538865	8.42134866831597	10.1053162361864
2020-03-31	6.31113217781476	7.90596029364048	9.72440690761322
2020-06-30	6.24589317866425	7.91766657743177	9.16211163944089
2020-09-30	6.43160724786446	8.11646305872099	9.20777655501223
2020-12-31	6.37096620745956	8.14246939954141	9.32870846622525
2021-03-31	6.07564066257491	7.98395829189425	9.01308808590457
2021-06-30	6.15804651088797	7.98155775588599	9.16765864620097
2021-09-30	6.02088844643775	7.835781602968	9.17432757019734
2021-12-31	6.04408015409337	7.4818842436196	9.06404392171748
2022-03-31	5.62199716508929	6.8978778358128	8.34572107606056
2022-06-30	5.76385837997458	6.50079927271959	7.99273678655242
2022-09-30	5.83206151947804	5.98876490962436	7.5950838026826
2022-12-31	6.05620689941618	5.87992441294662	7.83692153335522
2023-03-31	6.06433581894906	6.09467624799838	8.01033997075437
2023-06-30	6.12169493495145	6.11736965430747	8.03046574197033
2023-09-30	6.19175491801793	6.08548604760648	7.919429791502
2023-12-31	6.25054338919766	6.48470570783261	8.51469606537817
2024-03-31	6.0893214587128	6.51625565423336	8.56546334026063
2024-06-30	6.21066830704279	6.88267646576888	8.66185393529206
2024-09-30	6.2663293807258	7.27248619957323	9.01147591526483
2024-12-31	6.41528153500577	7.19882321252402	8.96307456857987

Note: The sample consists of domestic bank holding companies (BHCs), intermediate holding companies (IHCs) with a substantial U.S. commercial banking presence, and commercial banks. G-SIBs are global systemically important banks. Large non–G-SIBs are BHCs and IHCs with greater than $100 billion in total assets that are not G-SIBs. Bank equity is total equity capital net of preferred equity and intangible assets. Bank assets are total assets net of intangible assets. The shaded bars with top caps indicate periods of business recession as defined by the National Bureau of Economic Research: July 1990–March 1991, March 2001–November 2001, December 2007–June 2009, and February 2020–April 2020. The data are seasonally adjusted by Federal Reserve Board staff.

Source: For data through 1996, Federal Financial Institutions Examination Council, Call Report Form FFIEC 031, Consolidated Reports of Condition and Income (Call Report). For data from 1997 onward, Federal Reserve Board, Form FR Y-9C, Consolidated Financial Statements for Holding Companies; Federal Financial Institutions Examination Council, Call Report Form FFIEC 031, Consolidated Reports of Condition and Income (Call Report).

Return to text

Figure 3.5. The financial condition of firms with commercial and industrial bank loans has slightly deteriorated

This is a line chart titled "The financial condition of firms with commercial and industrial bank loans has slightly deteriorated". The x-axis measures time and ranges from 2013 to 2024. The data are quarterly. The y-axis ranges from 24 to 36 percent and shows debt as percentage of assets. There are two variables plotted. The first line, labeled "Non-publicly-traded firms", is designated by a blue line, and ranges from about 30 to 34 percent. This variable begins near 32 percentage points, dips to about 30 percent towards the end of 2013, rises slowly to 34 percentage points through 2019 before decreasing back down to 33 percentage points where it hovered through 2020. It decreased throughout 2021 but leveled off in 2022 at around 31 percentage points. In 2023, it spiked up to 32 in the second quarter before dropping back down to end just above 31 percent. In 2024, it continues to hover at 32 percentage points, through the end of 2024:Q4. The second line, labeled "Publicly traded firms", is designated by a black line and ranges from about 24 to 31 percent. This variable begins at about 25 percentage points and increases steadily to 31 percentage points in 2020. Then, it steadily decreases to below 30 percent through 2024:Q4, ending at 29 percent.

Note: The figure shows the weighted median leverage of nonfinancial firms that borrow using commercial and industrial loans from the 23 banks that have filed in every quarter since 2013:Q1. Leverage is measured as the ratio of the book value of total debt to the book value of total assets of the borrower, as reported by the lender, and the median is weighted by committed amounts.

Source: Federal Reserve Board, Form FR Y-14Q (Schedule H.1), Capital Assessments and Stress Testing.

Return to text

Figure 3.6. Credit standards for commercial and industrial loans were little changed in the second half of 2024

This is a line chart titled "Credit standards for commercial and industrial loans were little changed in the second half of 2024". The x-axis measures time and ranges from 1997 to 2024. The data are quarterly. The y-axis ranges from -100 to 100 and the units are net percentages of banks reporting tightening lending standards. The data begin in 1997:Q1 and end in 2024:Q4. Data points above zero to 100 are labeled "Tightening" and data points below zero to -100 are labeled "Easing". There is one variable charted on the plot. The series is designated by a black line. The series begins around zero. In 2000:Q4, the series spikes to almost 80 percent, and remains elevated during the recession period in 2001. This falls to almost -60 percent in 2004 and then increases but remains negative until 2007. The series then spikes again during 2008, reaching a maximum of over 80 percent. The series then bounces between -20 percent and 20 percent between 2009 and 2019, before spiking again in early 2020 to roughly 70 percent. The series then falls to roughly -50 percent in 2021:Q2 before rising again to roughly 30 percent through 2023:Q2. The series sharply drops in the end of 2023, ending at about 4 percent in 2023:Q4. The series falls back to about 1 percent in 2024:Q4. There is also a horizontal line marked at zero.

Note: Banks' responses are weighted by their commercial and industrial loan market shares. Survey respondents to the Senior Loan Officer Opinion Survey on Bank Lending Practices are asked about the changes over the quarter. Results are shown for loans to large and medium-sized firms. The shaded bars with top caps indicate periods of business recession as defined by the National Bureau of Economic Research: March 2001–November 2001, December 2007–June 2009, and February 2020–April 2020.

Source: Federal Reserve Board, Senior Loan Officer Opinion Survey on Bank Lending Practices; Federal Reserve Board staff calculations.

Return to text

Figure 3.7. Leverage at broker-dealers remained near historical lows

Ratio of assets to equity

Date	Calculated Leverage
1995-03-31	30.5982069909687
1995-06-30	30.715053408215
1995-09-30	31.3075187485227
1995-12-31	31.8437861119866
1996-03-31	33.1163299730913
1996-06-30	33.1013331739105
1996-09-30	33.3441693368288
1996-12-31	33.8799653746273
1997-03-31	35.2828507392546
1997-06-30	35.2869330076762
1997-09-30	35.498408212325
1997-12-31	32.9736871252037
1998-03-31	35.5055261963666
1998-06-30	35.0070818698421
1998-09-30	35.0660341830823
1998-12-31	30.4295790511052
1999-03-31	30.9114567834438
1999-06-30	29.3661582531347
1999-09-30	28.4326362993834
1999-12-31	28.557997841401
2000-03-31	29.8598214667065
2000-06-30	28.8894217207334
2000-09-30	28.5148996842856
2000-12-31	28.2648060796646
2001-03-31	28.5606199261993
2001-06-30	30.0320462611084
2001-09-30	31.4661945806851
2001-12-31	31.338968071904
2002-03-31	31.6577101403855
2002-06-30	31.2599437339207
2002-09-30	31.7889909984558
2002-12-31	30.6285592336147
2003-03-31	32.0302453053945
2003-06-30	34.7878365208373
2003-09-30	32.9734923391743
2003-12-31	33.6675097743329
2004-03-31	35.5833439029959
2004-06-30	37.7700967206065
2004-09-30	38.5887403329401
2004-12-31	39.2777396924885
2005-03-31	41.0738134100422
2005-06-30	41.4384392576605
2005-09-30	41.9749640265142
2005-12-31	39.880072868668
2006-03-31	40.503497005644
2006-06-30	40.6512138000326
2006-09-30	42.2873796143481
2006-12-31	43.0107629130303
2007-03-31	45.2778193125806
2007-06-30	46.8994959572924
2007-09-30	46.0204176455575
2007-12-31	46.2983034482759
2008-03-31	47.89183041899
2008-06-30	41.8661248648791
2008-09-30	43.2122746457033
2008-12-31	30.7077441601937
2009-03-31	28.3215972520395
2009-06-30	24.8998622255598
2009-09-30	24.9618375682385
2009-12-31	23.5052722711834
2010-03-31	24.5069614762614
2010-06-30	24.0433659395688
2010-09-30	24.3100066525033
2010-12-31	23.5247459227071
2011-03-31	24.2946419130198
2011-06-30	24.440313072373
2011-09-30	24.5657173756309
2011-12-31	24.6372270220987
2012-03-31	24.5318749709241
2012-06-30	24.4307914783732
2012-09-30	23.8525335546291
2012-12-31	23.4598855351307
2013-03-31	22.8428439449133
2013-06-30	22.1486328871893
2013-09-30	21.8371631014628
2013-12-31	21.097681616223
2014-03-31	21.1277118963169
2014-06-30	21.3475737106516
2014-09-30	20.7180067422846
2014-12-31	19.8169499480063
2015-03-31	19.7323566984349
2015-06-30	19.3348381307379
2015-09-30	18.8285458657231
2015-12-31	18.1493925866296
2016-03-31	18.1237576000291
2016-06-30	18.3046870769175
2016-09-30	18.035854625629
2016-12-31	17.6136082150251
2017-03-31	17.7695777550781
2017-06-30	18.307554150652
2017-09-30	17.4100389829624
2017-12-31	17.1500899174335
2018-03-31	17.2055763771559
2018-06-30	18.0641742412777
2018-09-30	17.9034846949206
2018-12-31	18.1021874008148
2019-03-31	17.9141401902138
2019-06-30	17.8151545552476
2019-09-30	17.7799223151373
2019-12-31	16.8651391545337
2020-03-31	17.2645675852628
2020-06-30	16.2564523706339
2020-09-30	16.5385023470571
2020-12-31	16.6195957937861
2021-03-31	16.582882045479
2021-06-30	16.2245377135745
2021-09-30	16.2545560469413
2021-12-31	15.7850315685682
2022-03-31	17.6559734587943
2022-06-30	17.2151009687427
2022-09-30	16.9552319201328
2022-12-31	15.9521612582599
2023-03-31	16.9887092251612
2023-06-30	16.9454259925785
2023-09-30	16.6431064813536
2023-12-31	17.081807501296
2024-03-31	17.6268789319503
2024-06-30	17.6032710002968
2024-09-30	17.9807580977055
2024-12-31	16.5456570897438

Note: Leverage is calculated by dividing total assets by equity.

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

Return to text

Figure 3.8. Trading profits in the second half of 2024 were within the range of the past 5 years

This is a line chart titled "Trading profits in the second half of 2024 were within the range of the past 5 years". The x-axis measures time and ranges from 2018 to 2024. The data are monthly. The y-axis ranges from 0 to 1000, and the units are in millions of dollars. There is one variable charted on the plot. The series is designated by a black line and ranges from about 125 to nearly 900 million dollars. This variable begins just under 600 million dollars and drops to about 125 million towards the end of 2018. It rises sharply to nearly 900 million dollars in early 2020, then decreases back down to around 375 million at the end of 2020 before spiking back up near 900 million dollars in early 2021. It decreases throughout 2021 to 277 million in December 2021, then spiked to 700 million dollars in January 2022. It declined throughout 2022 to about 270 million in December but saw another beginning-of-year spike to 700 million in January 2023. The series declined throughout 2023, with a particularly sharp decline occurring from a value of about 400 million in November 2023 to a value of about 200 million in December 2023. The series experienced a sharp incline to a value of about 650 million in January 2024 but declined again to about 500 million in June 2024. By the end of December 2024, the series declined further to about 350 million.

Note: The sample includes all trading desks of bank holding companies subject to the Volcker rule reporting requirement.

Source: Federal Reserve Board, Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation VV (Proprietary Trading and Certain Interests in and Relationships with Covered Funds, 12 C.F.R. pt. 248).

Return to text

Figure 3.9. The distribution of the sources of broker-dealer trading profits was in line with recent averages

This is a stacked line chart titled "The distribution of the sources of broker-dealer trading profits was in line with recent averages". The x-axis measures time and ranges from 2018 to 2024. The data are monthly. The y-axis measures percent and ranges from 0 to 100. There are 3 variables charted on the plot, which represent the total share of trading profits by trading desks. The first variable, "Equity," is designated by red shading. This variable remains steady at around 35 percent except for a spike at the end of 2018 to about 50 percent and a dip in the beginning of 2020 to about 20 percent. Towards the end of 2023, the series increased at about 40 percent, and then decreased slightly down to about 35 percent by December 2024. The second variable, "Fixed income, rates, and credit," is designated by blue shading. This variable remains steady around 40 percent except for decreases at the end of 2018 and in early- to mid-2022. The series drops to about 20 percent in December 2023, sharply increased to about 45 percent in January 2024 before dropping back down to about 30 percent in June, and continues to over at 30 percent in December. The third variable, "Other," is designated by beige shading. This variable increases from about 25 percent in 2018 to its peak in mid-2022 at about 50 percent before declining to about 30 percent through December 2024.

Note: The sample includes all trading desks of bank holding companies subject to the Volcker rule reporting requirement. The "other" category comprises desks trading in municipal securities, foreign exchange, and commodities, as well as any unclassified desks. The key identifies series in order from top to bottom.

Return to text

Figure 3.10. Leverage at life insurers was around the 85th percentile of its historical distribution

Ratio of assets to equity

Date	Life	Property and Casualty
2001 Q1	8.36031592904979	5.40366999054728
2001 Q2	8.82585020638107	5.50412551164979
2001 Q3	9.44648974468406	6.22182224835869
2001 Q4	10.0257613115708	6.37394498076952
2002 Q1	9.63267975864237	6.24076941311445
2002 Q2	9.83256013883607	6.32269224424177
2002 Q3	10.1421354633282	6.41022916044875
2002 Q4	10.7948494380913	6.68349138015935
2003 Q1	11.0444036093948	6.7833902086454
2003 Q2	11.1563035459124	6.70037995131541
2003 Q3	11.000398484302	6.7172004844303
2003 Q4	10.9304909789063	6.70370328861639
2004 Q1	11.2863214243631	7.06100776622827
2004 Q2	11.3744519555969	6.75748631863471
2004 Q3	11.4750119231756	6.81601828574753
2004 Q4	11.6809163612236	6.82214880580096
2005 Q1	11.3044628735615	6.80749606424375
2005 Q2	10.6703534385654	6.6004657121062
2005 Q3	10.7843575460794	6.65878500411083
2005 Q4	10.8665204481768	6.48494682126386
2006 Q1	10.1954602542759	6.49722074825504
2006 Q2	10.0528558240603	6.39496711081614
2006 Q3	9.99070093624306	6.37042087836768
2006 Q4	9.94287031129512	6.2985630831529
2007 Q1	10.0314779911839	6.33680204150944
2007 Q2	9.8638303456092	6.32884725452754
2007 Q3	9.95656898579367	6.32929534189629
2007 Q4	9.73530665175089	6.08790498855485
2008 Q1	10.8557363070755	6.51333978154223
2008 Q2	10.7318206803053	6.4242324390778
2008 Q3	10.6872549094968	6.44578050059924
2008 Q4	10.8902998311562	5.96232123479701
2009 Q1	10.9093268151654	5.93918956547545
2009 Q2	10.0465788403065	5.60426130443896
2009 Q3	10.002488074213	5.57495421228905
2009 Q4	8.9444814617033	5.20132043363706
2010 Q1	9.24486321131444	5.16936699560405
2010 Q2	9.45005632526028	5.10355912993602
2010 Q3	9.73333363099908	5.18124847875797
2010 Q4	8.83655882827124	4.47788908728588
2011 Q1	9.73677012147704	4.62375003464552
2011 Q2	9.39889518893452	4.57562730425394
2011 Q3	9.47920180851116	4.41355795225886
2011 Q4	8.89180077429662	4.15631669274047
2012 Q1	8.85456724424128	4.14630955257915
2012 Q2	8.85769201088038	4.11755934675802
2012 Q3	9.19988171427961	4.16587552806339
2012 Q4	9.44261893518498	4.17857925771241
2013 Q1	9.2742684511091	4.10095338425342
2013 Q2	8.89309346916342	3.97245336982574
2013 Q3	8.67025335773517	3.92325820422153
2013 Q4	8.79813217242249	3.90056546307124
2014 Q1	8.54716656250108	3.87545478979077
2014 Q2	8.41872558950105	3.69426372107717
2014 Q3	8.3632004931639	3.64749726657816
2014 Q4	8.59546271991882	3.59439574531624
2015 Q1	8.42868478181508	3.55128755077522
2015 Q2	8.1572955022327	3.52714996532411
2015 Q3	8.37438136701651	3.47373609933601
2015 Q4	9.0388786741166	3.4696401622171
2016 Q1	9.52213703297625	3.56438923527121
2016 Q2	9.95370322118838	3.57875634540778
2016 Q3	10.0745398355137	3.56339050794092
2016 Q4	9.90261697983825	3.80688883619266
2017 Q1	10.2218312833215	3.59615546668862
2017 Q2	10.118382598691	3.60435770452915
2017 Q3	9.83861699649113	3.65321181836285
2017 Q4	10.0451538497148	3.74092613525481
2018 Q1	9.97016509227598	3.30270328589855
2018 Q2	9.81671602031617	2.96934699748403
2018 Q3	9.84661235233072	2.93472094305505
2018 Q4	9.93687320610675	3.03834780664888
2019 Q1	10.2037077144556	3.02014547919425
2019 Q2	10.3406942751515	3.01451114704615
2019 Q3	10.5471835563598	2.98613506696692
2019 Q4	10.5409647188869	2.89859858469055
2020 Q1	10.3468581293056	3.04236079126112
2020 Q2	11.5366784826833	3.13949319886997
2020 Q3	11.690842189919	3.11880743660849
2020 Q4	11.8006989909297	3.0366416650099
2021 Q1	11.126864673964	3.01244406616379
2021 Q2	11.1898154656827	2.9864565959719
2021 Q3	11.5559072547711	3.00193108573707
2021 Q4	11.3271336126059	2.84791826819638
2022 Q1	10.8215334658364	2.81760705723627
2022 Q2	9.85314601820248	2.88421990749108
2022 Q3	9.90663023332299	2.8867333850887
2022 Q4	10.0760307908456	2.85546991072237
2023 Q1	10.5090281230355	2.84762596074933
2023 Q2	10.3910717337736	2.79515322500489
2023 Q3	9.91784836016146	2.81260329386257
2023 Q4	10.9131833914757	2.77843209024343
2024 Q1	10.8689290589634	2.7534627206692
2024 Q2	10.7470809610161	2.33345210359727
2024 Q3	11.4582974085608	2.33875947785405
2024 Q4	11.0729734969448	2.26924100078274

Note: Ratio is calculated as (total assets – separate account assets)/(total capital – accumulated other comprehensive income) using generally accepted accounting principles. The largest 10 publicly traded life and property and casualty insurers are represented.

Source: Generally accepted accounting principles data from 10-Q and 10-K filings accessed via S&P Global, Capital IQ Pro.

Return to text

Figure 3.11. As of 2024:Q3, hedge funds’ leverage was at its highest level since data became available

This is a line chart titled "As of 2024:Q3, hedge funds’ leverage was at its highest level since data became available". The x-axis measures time and ranges from 2013 to 2024. The data are quarterly. The y-axis measures the leverage ratio and ranges from 0 to 10. The chart includes two variables. The first variable is titled "Mean gross leverage" and is represented with a black line. This series starts around 6.5 and decreases to about 5.7 in 2015:Q4. The series then increases to a ratio of about 8 in 2020:Q1, before decreasing and then hovering between 7 and 8 through 2022. The series increased in recent quarters and reached its maximum value of about 9 in 2024:Q3, the last period for which data is available. The second variable is titled "Mean balance sheet leverage" and is represented with a blue line. The series starts slightly below 2 and remains relatively stable throughout the sample, reaching a local peak of about 2.1 in 2020:Q1. The series has increased slightly in recent quarters and reached its maximum value of around 2.4 in 2024:Q3, the last period for which data is available.

Note: Means are weighted by net asset value (NAV). On-balance-sheet leverage is the ratio of gross asset value to NAV. Gross leverage is the ratio of gross notional exposure to NAV. Gross notional exposure includes both on-balance-sheet exposures and off-balance-sheet derivative notional exposures. Options are delta adjusted, and interest rate derivatives are reported at 10-year bond equivalent values. The data are reported on a 2-quarter lag beginning in 2013:Q1.

Source: Securities and Exchange Commission, Form PF, Reporting Form for Investment Advisers to Private Funds and Certain Commodity Pool Operators and Commodity Trading Advisors.

Return to text

Figure 3.12. Balance sheet leverage at the 15 largest hedge funds stayed elevated

This is a line chart titled "Balance sheet leverage at the 15 largest hedge funds stayed elevated". The x-axis measures time and ranges from 2013 to 2024. The data are quarterly. The y-axis measures the leverage ratio, measured as gross asset value (GAV) divided by net asset value (NAV), and ranges from 0 to 15. The chart includes three variables. The first variable is titled "Top 15, by GAV" and is represented by a black line. The series starts at a ratio of about 5 and fluctuations around this level, on average, through 2017. The series increases through 2018 to a peak ratio of about 9 in 2019:Q2. The series then steadily declines to a ratio of about 6 in 2021:Q1 before increasing back to about 9 in 2021:Q3. The series then declines to about 5.8 in 2022:Q3. After this, the series increases steadily to a ratio of about 9 in 2023:Q3, and then reaches its highest point in 2024:Q2 at 11, and drops down slightly to 10 at 2024:Q3, the last period in which data is available. The second variable is titled "16-50, by GAV" and is represented by a blue line. The series begins at a ratio of about 2 and remains around this level, with mild fluctuations, until the end of 2016. The series then increases slightly to 2.8 in 2018:Q4, and continues to hover at that ratio through 2024:Q2. By 2023:Q3, it reaches a ratio of 3 and continues to steadily incline to a peak ratio of 4 at the end of 2024:Q3, the last period in which data is available. The third variable is titled "51+, by GAV" and is represented by a red line. This series begins near a ratio of about 1.5 and remains almost flat throughout the sample. The reading for 2024:Q3, the last period for the data, remains at about 1.5.

Note: Leverage is measured by gross asset value (GAV) divided by net asset value (NAV). Funds are sorted into cohorts based on GAV. Average leverage is computed as the NAV-weighted mean. The data are reported on a 2-quarter lag beginning in 2013:Q1.

Source: Securities and Exchange Commission, Form PF, Reporting Form for Investment Advisers to Private Funds and Certain Commodity Pool Operators and Commodity Trading Advisors.

Return to text

Figure 3.13. Dealers indicated that the use of leverage by hedge funds remained largely unchanged for most clients

This is a line chart titled "Dealers indicated that the use of leverage by hedge funds remained largely unchanged for most clients". The x-axis measures time and ranges from 2012 to 2025. The data are quarterly. The y-axis is net percentage and ranges from -80 to 40 percent. The first line, titled "Hedge funds", is designated by a solid black line. This series begins around -50 percent at the start of 2012 but rises to around 20 percent by 2013 and fluctuates between -20 and 20 percent between 2013 and 2022. In 2022, this series briefly dips below -20 percent before rising back to around 0 percent at the end of the year. The series drops to -14 percent in 2023:Q1 and recovers to about 0 percent through the end of 2023 and 2024:Q3. The series steadily increases to 4.5 by the end of 2025:Q1. The second line, titled "Trading REITs", is designated by a solid blue line. This series begins around 0 percent at the start of 2012. It remains near this level until mid-2013, when it falls to around -35 percent for three quarters and then returns to roughly 0 percent. This series remains between about -5 and 5 percent until 2020, when it plummets to almost -80 percent. It then returns to around 0 percent by early 2021, where it remains through 2023. The series sharply increases in 2024:Q3 at about 25 percent, and then falls to -10 percent in 2025:Q1. The third line, titled "Insurance companies", is designated by a solid red line. This series begins at 0 percent in 2012 and remains between -5 and 5 percent through 2021:Q3 where it increases 10 percent. The series returns to hovering between -5 and 5 percent through the end of 2023, and then jumps back to 9 percent in 2024:Q3. By 2025:Q1, the series has declined slightly to 5 percent. The fourth line, titled "Mutual funds", is designated by a dashed black line. This series begins around 0 percent and remains between 0 and 5 percent until 2020, when it briefly falls to about -20 percent. This series then recovers to around 0 percent by 2021 through 2022:Q2. In 2022:Q3, the series drops to below -10 percent and then bounces between -5 and 0 percent, but continues to be at 0 percent in 2025:Q1.

Note: Net percentage equals the percentage of institutions that reported increased use of financial leverage over the past 3 months minus the percentage of institutions that reported decreased use of financial leverage over the past 3 months. REIT is real estate investment trust.

Source: Federal Reserve Board, Senior Credit Officer Opinion Survey on Dealer Financing Terms.

Return to text

Figure 3.14. The pace of issuance of securitized products remained robust through March

This is a stacked bar chart titled "The pace of issuance of securitized products remained robust through March". The x-axis measures time and ranges from 2001 to 2025. The data are annual. The bar for 2025 is annualized. The y-axis is in billions of dollars (real) and ranges from 0 to 3200. The sum of the five categories begins at about 1000 billion in 2001 and peak around 3000 billion in 2006. The total then drops to about 350 billion in 2008 and steadily increases to about 700 billion in 2019 before dropping slightly to about 550 billion in 2020. Then, the sum increases to 930 billion in 2021 before declining to around 500 billion in 2023. The series increases again in 2024 with a jump to about 750 billion, and then decreases again to about 600 billion with the last data being available from 2025:Q1. "Other", represented in light gray, begins at about 260 billion in 2001, peaks at about 330 billion in 2006-2007, then drops to about 165 billion in 2008. The series rises to about 200 billion in 2009 before dipping back to around 115 billion in 2011. It generally rises through 2018, where it hits about 160 billion. The variable decreases to about 125 billion in 2020 before rising to around 160 billion in 2022. The series declines in 2023 to about 117 billion, then rises again in the final value to about 160 billion in 2024. The series declines in 2025 to 100 billion. "Private-label RMBS", represented in black, begins at around 420 billion in 2001, peaks at about 1700 billion in 2005-2006, then drops sharply to 42 billion in 2008 and stays in decline through 2012 to a low of 21 billion. It then increases steadily to just over 125 billion in 2019 before dipping slightly in 2020 and spiking up to around 190 billion in 2021. The variable declines to 70 billion in 2023 and ticks up to about 120 billion in 2024, and declines again to 90 billion in 2025. "Non-agency CMBS", represented in red shading, begins at about 115 billion dollars in 2001, peaks at about 350 billion dollars in 2007, rapidly decreases to about 15 billion dollars in 2008, and reaches a low of about 3 billion dollars in 2009. It then slowly increases to just over 120 billion dollars in 2015. From this point, it alternates back and forth from about 115 billion dollars to around 80 billion, reaching just over 130 billion dollars in 2021 before declining to about 75 billion dollars in 2022 and 40 billion in 2023. The series increased to a little over 100 billion in 2024.For the annualized 2025 data, increases slightly to 120 billion. "Auto loan/lease ABS", represented in dark blue, begins at about 140 billion dollars in 2001 and remains around that level until 2008 where it decreases to 50 billion dollars. The bar increases to about 110 billion dollars by 2012 and gradually increases to around 150 billion dollars by 2021. It declines to around 120 billion dollars in 2022 and rises to around 150 billion in 2023 and then 166 billion in 2024. The annualized 2025 data hovers at around 160 billion. The bar representing "CDOs (including CLOs and ABS CDOs) ", represented in beige, begins at about 95 billion dollars in 2001, increases rapidly and peaks at about 575 billion dollars in 2006. It then drops to about 75 billion dollars by 2008 and then 6 billion dollars in 2010. It increases to about 260 billion dollars in 2021, then decreases to 118 billion dollars in 2023. The series is at about 190 billion in 2024, and the annualized 2025 bar declines to 130 billion.

Note: The data from the first quarter of 2025 are annualized to create the 2025 bar. RMBS is residential mortgage-backed securities; CMBS is commercial mortgage-backed securities; CDO is collateralized debt obligation; CLO is collateralized loan obligation. The “other” category consists of other asset-backed securities (ABS) backed by credit card debt, student loans, equipment, floor plans, and miscellaneous receivables; resecuritized real estate mortgage investment conduit (Re-REMIC) RMBS; and Re-REMIC CMBS. The data are converted to constant 2025 dollars using the consumer price index. The key identifies bars in order from top to bottom.

Source: Green Street, Commercial Mortgage Alert's CMBS Database and Asset-Backed Alert's ABS Database; consumer price index, Bureau of Labor Statistics via Haver Analytics.

Return to text

Figure 3.15. Bank credit commitments to nonbank financial institutions increased

This is a stacked line chart titled "Bank credit commitments to nonbank financial institutions increased". The x-axis measures time and ranges from 2018 to 2024. The data are quarterly. The y-axis measures billions of dollars and ranges from 0 to 2500. There are 10 variables charted on the plot, which sum up to represent total committed amounts extended to nonbank financials by large banks. The overall trend has been steadily increasing from about 1300 billion in 2018 to about 2300 billion dollars in 2024:Q4. The first variable, "Financial transactions processing", is designated by orange shading. This variable increases steadily from about 21 billion in 2018 to about 28 billion in 2024:Q4. The second variable, "Private equity, BDCs, and credit funds", is designated by turquoise shading. This variable steadily increases from 113 billion in 2018 to 320 billion in 2024:Q4. The third variable, "Broker-dealers", is designated by light blue shading. This variable steadily increases from 81 billion in 2018 to 165 billion in 2024:Q4. The fourth variable, "Insurance companies", is designated by medium blue shading. This variable starts from 100 billion in 2018 to 150 billion by 2024:Q4. The fifth variable, "REITs", is designated by red shading. It begins around 155 billion in 2018:Q1 and increases to 200 billion through 2024:Q4. The sixth variable, "Open-end investment funds", is designated by green shading. This variable begins at 93 billion in 2018 and increases steadily to around 180 billion in 2024:Q4. The seventh variable, "Special purpose entities, CLOs, and ABS", is designated by light gray shading. This variable starts at 120 billion in 2018 and increases steadily to end at 400 billion in 2024:Q4. The eighth variable, "Other financial vehicles", is designated by black shading. This variable increases steadily from 210 billion in 2018 to end around 390 billion in 2024:Q4. The ninth variable, "Real estate lenders and lessors", is designated by beige shading. This variable increases steadily from 170 billion in 2018:Q1 to about 280 billion in 2024:Q4. The tenth variable, "Consumer lenders, other lenders, and lessors", is designated by dark blue shading. This variable starts at 170 billion in 2018 and remains at about that level until 2019:Q2, where it decreases to 157 billion. It then increases steadily throughout the rest of the plotted period, rising to 203 billion in 2024:Q4.

Note: Committed amounts on credit lines and term loans extended to nonbank financial institutions. Nonbank financial institutions are identified based on reported North American Industry Classification System (NAICS) codes. In addition to NAICS codes, a name-matching algorithm is applied to identify specific entities such as real estate investment trusts (REITs), special purpose entities, collateralized loan obligations (CLOs), asset-backed securities (ABS), private equity, business development companies (BDC), and private credit. REITs incorporate both mortgage (trading) REITs and equity REITs. Broker-dealers also include commodity contracts dealers and brokerages and other securities and commodity exchanges. Other financial vehicles include closed-end investment and mutual funds.

Source: Federal Reserve Board, Form FR Y-14Q (Schedule H.1), Capital Assessments and Stress Testing.

Return to text

Figure 3.16. Growth of commitments to open-end investment funds, special purpose entities, collateralized loan obligations, and asset-backed securities grew between 2023:Q4 and 2024:Q4

This is a bar chart titled "Growth of commitments to open-end investment funds, special entities, collateralized loan obligations, and asset-backed securities grew between 2023:Q4 and 2024:Q4". The x-axis measures the nine different sectors of NBFIs and a total column. The data are quarterly. The x-axis shows the ten different sectors of NBFIs and a total column. The y-axis represents percent growth of loan commitments and utilization rates to NBFIs and ranges from -30 to 60 percent. The chart shows the 2024:Q4-over-2023:Q4 growth rate. There are two variables plotted on the chart for each sector. "Committed amounts" is represented as a red bar and "utilized amounts" is represented as a light gray bar. From left to right, the first sector is "REITs". This sector saw its committed amount shrink by about 8 percent and its utilized amount shrink by about 7 percent as of 2024:Q4 vs 2023:Q4. The second sector is "Financial transactions processing" which saw its committed amount grow by about 1 percent and saw its utilized amount grow by about 36 percent as of 2024:Q4 vs 2023:Q4. The third sector is "Consumer, leasing, & other lenders". This sector saw its committed amount grow by about 4.5 percent and saw its utilized amount grow by about 5 percent as of 2024:Q4 vs 2023:Q4. The fourth sector is "Insurance companies" which saw their committed amount grow by about 1 percent and saw their utilized amount shrink by about 15 percent as of 2024:Q4 vs 2023:Q4. The fifth sector is "PE, BDCs & credit funds". This sector their committed amount grow by about 9 percent and saw their utilized amount grow by about 19 percent as of 2024:Q4 vs 2023:Q4. The sixth sector is "Broker-dealers" which saw their committed amount grow by about 9 percent and saw their utilized amount grow by about 8 percent as of 2024:Q4 vs 2023:Q4. The seventh sector is "Open-end investment funds" which have seen their committed amount grow by about 20 percent and their utilized amount grow by about 34 percent as of 2024:Q4 vs 2023:Q4. The eighth sector is "SPEs, CLOs, & ABS". This sector saw its committed amount grow by about 20 percent and saw its utilized amount grow by about 19 percent as 2024:Q4 vs 2023:Q4. The ninth sector is "Real estate lenders & lessors". This sector saw its committed amount shrink by about 2 percent and saw its utilized amount shrink by about 6 percent as 2024:Q4 vs 2023:Q4. The tenth sector is "Other financial vehicles" which saw their committed amount shrink by about 0.04 percent and their utilized amount increases by about 4 percent as of 2024:Q4 vs 2023:Q4. Lastly, there are two bars showing the total for all NBFIs, which show their committed amounts grew by about 6 percent and saw their utilized amount grow by about 9.8 percent as 2024:Q4 vs 2023:Q4.

Note: The figure shows 2024:Q4-over-2023:Q4 growth rates as of the end of the fourth quarter of 2024. REIT is real estate investment trust; PE is private equity; BDC is business development company; SPE is special purpose entity; CLO is collateralized loan obligation; ABS is asset-backed securities. The key identifies bars in order from left to right.

Source: Federal Reserve Board, Form FR Y-14Q (Schedule H.1), Capital Assessments and Stress Testing.

Return to text

Figure 4.1. The ratio of runnable money-like liabilities to GDP remained near its median

Percent of GDP

Date	Other	Securities lending	Commercial paper	Domestic money market funds	Repurchase agreements	Uninsured deposits
2002 Q1	76.0225880358949	68.7832835968834	64.7442275833015	51.6969697374751	30.515300520616	11.2213538044234
2002 Q2	76.6718495303446	69.413429698181	65.0562213801331	52.7151886691059	32.3470743430831	11.4801712047765
2002 Q3	76.3682610755574	68.8991911814138	65.8729403479247	53.7103394625577	33.6326157834743	12.3815075882257
2002 Q4	76.9895718585017	69.2304085646105	66.2988109779248	53.9107870324739	33.6060772659666	12.8816494167731
2003 Q1	77.9225121483455	69.9003081330186	66.3321321664693	54.2140067116519	34.241711481005	13.1955359210072
2003 Q2	79.2716713847134	71.1687376051372	67.1052556971137	55.4045456303156	36.4231335394677	14.0221193541991
2003 Q3	77.5173595894786	69.6796309625587	64.7154427148918	53.5510792261197	35.1990304786943	13.5069257329103
2003 Q4	77.557090989843	68.7659301868039	63.6626184134316	52.7167686713871	35.2511627379678	13.5338506885407
2004 Q1	79.1573353973069	70.157789894156	65.2047190059593	54.0924709060993	37.2755976758441	14.0374265695776
2004 Q2	79.8171779277737	70.7183406130718	64.7731555139768	54.0408031232702	37.9370485459898	14.4192314429104
2004 Q3	80.9341721171179	71.5315400558199	66.2619070507842	55.6488362247933	40.0298725261766	14.66919895473
2004 Q4	80.997525624303	71.6473902792482	65.6727722513678	54.5367442596915	39.3990389939131	15.1441066110524
2005 Q1	82.2524247912494	72.9655959935641	66.3481416361504	55.1042012990434	40.4571938353323	15.042028041311
2005 Q2	84.2520656783439	75.059964950881	67.7553552409194	56.187563242147	41.9217964627275	15.1564307161029
2005 Q3	85.0220053332015	75.9468352927179	69.2131417972077	57.3670613861829	42.9416437266286	15.281148795558
2005 Q4	84.7518350772584	75.692773680518	69.52683311101	57.2176625292369	42.3884777364092	15.7771740910611
2006 Q1	86.4258053590513	77.3280317739313	71.1577103905414	58.6745130066474	43.7401445113384	15.4926202128477
2006 Q2	88.8433570009064	79.5123673597912	72.069134744987	59.2415868501409	44.2824050493035	15.7642597820096
2006 Q3	92.9085909714671	82.9885711867957	75.2464365249404	61.8029060959661	46.1866842153879	15.466179927928
2006 Q4	94.7999236722139	84.4430928374224	76.2105338150844	62.2676822253733	45.9810656932313	16.2619880698941
2007 Q1	97.7805129789318	87.3233525108355	78.540936995271	64.4482234665012	47.7113637429004	15.3948766299465
2007 Q2	100.428691852364	89.9478546331733	79.4707826104876	64.8243440619239	47.7068983574302	15.2445678079739
2007 Q3	100.213657927556	89.6619461533618	78.9219847674968	66.1694643628098	47.4509710503304	15.2139356654784
2007 Q4	100.610818957677	89.7889125991651	79.2745796923776	67.1231356340828	46.585625463662	16.0589030929873
2008 Q1	105.120340153816	93.834125098976	83.9318814731839	71.7999307625119	48.9345561923717	16.0681219001032
2008 Q2	101.878480389604	90.1978925547796	80.1041243603698	68.3452100384329	45.4300514013349	15.5057640897241
2008 Q3	100.194119397114	88.9929659994133	80.0404791067221	69.6046841953177	46.3909282465679	16.3760690320747
2008 Q4	87.2862229015724	76.1739881501605	70.3780747826587	59.4301279796296	34.0077635177484	12.1927520354844
2009 Q1	87.1293036486398	76.2296180893288	70.9068891438231	61.0397513017984	34.2470532431462	12.1270738487319
2009 Q2	85.2469936851394	74.4992618982294	68.9908324640945	60.0986972526613	34.107524681217	12.1273265263305
2009 Q3	78.8525057762601	68.5676695271212	63.1774997208874	55.0849086094804	30.668584449129	8.17650848349374
2009 Q4	74.2814071276354	64.9610335515647	59.5083921698096	51.7454087993304	29.022023919311	8.66623584100023
2010 Q1	77.5849652387962	68.5373875700493	63.2702199454896	55.9488072746249	34.8667089327114	12.2150989342082
2010 Q2	74.9085065780919	66.3260946266854	60.8919691753728	54.0292670692797	35.1006640354826	12.2369494995408
2010 Q3	75.3497192360044	66.7426093249802	61.9121152518548	54.9738091333439	36.412742486543	13.6654401103405
2010 Q4	70.3167239990371	61.9510445446504	57.0991753406733	50.1920012185109	31.8999543025511	9.5322926971254
2011 Q1	71.1556310931171	62.9748430452331	57.975689585262	50.6069060944779	32.8124226902631	9.61279672908339
2011 Q2	70.6624277853401	62.9218659906019	57.796147398829	50.8439037151659	33.4021875157078	10.0977800181193
2011 Q3	69.418250158315	62.0186426627189	57.4191084317708	51.0000356099781	34.3057763545059	10.3750482225041
2011 Q4	68.0962429700912	61.113205467063	56.9037744918496	50.785758149427	34.050276591315	10.4607215398345
2012 Q1	67.5226839949028	60.7724041858022	56.6611163416833	50.5657721352574	34.1994215157393	10.5383693102781
2012 Q2	67.0425998525269	60.2724048998889	56.1175415334803	50.2759837618482	34.5821159760023	10.5993313751109
2012 Q3	66.526931526558	59.769960530266	55.8525358606772	50.0950637750461	34.4607437493378	10.4764855547638
2012 Q4	67.7420341658079	61.2018752132079	57.6505003380258	51.9384903453387	35.9883299586478	11.9014878361014
2013 Q1	75.0072030502239	68.3986119091808	64.767962485813	58.8162161956225	42.9409565302418	20.0620090367825
2013 Q2	73.4347063888895	67.1228514548576	63.2588502485437	57.399245215874	41.9531939706886	20.0543246180199
2013 Q3	72.9589244633775	66.8927684157296	63.1256597844633	57.4244198676245	41.8545919619904	20.805092739178
2013 Q4	72.6345656838382	65.2368543594814	61.5169804846338	56.0416725582994	40.4164658853659	21.3920076378355
2014 Q1	73.5510072799887	65.9213364613949	61.9247880899245	56.2154559872811	40.7109572754931	21.4604213138379
2014 Q2	72.5265794082143	64.9333986513141	60.7283380411609	55.0474773972796	40.3779672997302	21.8937606163614
2014 Q3	71.3977550518148	63.9551876446102	60.0232691728169	54.486466492327	40.0175257440957	22.0844801100404
2014 Q4	70.8976786440604	63.819398128806	60.0256229542567	54.8890332411127	40.0155609881152	22.6241851326275
2015 Q1	70.9899780659376	63.9892085411396	60.3061686030151	55.0891482150131	40.3002384731792	22.7017154678427
2015 Q2	69.159663218373	62.4437714074361	58.8594662150426	53.5614989621755	39.3712368307046	22.496921582197
2015 Q3	69.380149526102	62.7144405976452	59.4175315338033	54.0867744371929	39.5859687294074	22.4265274336355
2015 Q4	69.1061477774194	62.4003476670227	58.8067319750198	53.7556383737592	38.9493430186809	22.8384964292305
2016 Q1	69.6997630235069	63.1588333761666	59.6431439368302	54.1869060797325	39.3091654192936	22.9658089074043
2016 Q2	70.3073655808546	63.6671528192458	60.0289999941238	54.6549297086424	40.1932024964411	23.1387936243053
2016 Q3	69.7307961371298	63.0512791475652	59.72543794368	54.9563741079705	40.6596332803215	23.6893323323571
2016 Q4	68.6821720658231	61.929281538067	58.6605843267883	54.0792253495495	39.9080439123046	23.8873858247628
2017 Q1	68.4771892802438	61.7612844338584	58.5515114690304	53.7442866919099	39.8651222304549	23.6706879265931
2017 Q2	68.5279442542912	61.8533087175863	58.4615486354187	53.7527117872138	40.155413525876	23.5106703355656
2017 Q3	68.3526381116535	61.5753613324485	58.3095131848405	53.373429190907	39.6397489251353	23.5406365033722
2017 Q4	68.6070689764326	61.956412506675	58.5125455177209	53.7433094499248	39.7991529936573	23.669586123399
2018 Q1	67.7345003747432	61.2392947903116	57.8146890619681	52.7077881545736	38.8755398222238	23.2270787001232
2018 Q2	67.2595902800067	60.7218653260508	57.1350937212881	52.0760076385747	38.3675352767409	22.6854265534066
2018 Q3	67.0100156968885	60.4387751896014	57.0362835527172	52.0588977593223	38.33064848641	22.7568662132556
2018 Q4	69.1493357155244	62.6598412451375	59.4149456759424	54.7029260818833	40.5408694693871	23.1911515561374
2019 Q1	69.7879584131656	63.3515896248858	60.1305659054392	55.146983355221	40.5966970986922	22.4886455343271
2019 Q2	70.4615544813091	64.0024134483289	60.696323587737	55.6898084009699	40.9969135372997	22.5619610337863
2019 Q3	72.4346725411831	65.9918674937013	62.7774279741688	57.9158829825928	42.4332221271189	22.9622202123207
2019 Q4	72.5231844734893	66.1007562739521	62.9751925131554	58.2402236033991	41.9546632134208	23.4793881638521
2020 Q1	78.6652603783636	71.9428383371822	68.8201562332707	63.8391863713339	46.0460218038581	26.8525734670505
2020 Q2	90.4475787888487	82.6432747330166	78.9012438130349	73.8844806364943	50.2425488758239	31.0620124520741
2020 Q3	83.2274464249175	76.0650270894833	72.8105916308156	68.4276418817855	47.6660872616322	29.8272321487657
2020 Q4	83.2999505770408	76.3524446025667	72.9977937599302	68.8041701738621	49.1185778614325	31.0139306371024
2021 Q1	82.7474560610874	75.6875651523753	72.1344075842421	67.2361677600216	47.8269701152652	31.5343088756538
2021 Q2	82.0875396523759	74.8970242010442	70.9235309288265	66.2592643994734	46.7596547836403	31.5322473388038
2021 Q3	81.582967383754	74.5103289130915	70.719289827722	66.2214033065329	47.2866787679274	32.2477963535989
2021 Q4	81.1122651133044	74.0879521017426	70.254410442201	66.0095325642124	47.270220114247	32.5037236530755
2022 Q1	79.9904917362595	73.1900734056437	69.1398508329372	64.6203909346301	46.3899062165917	32.1640484966414
2022 Q2	76.9612647834045	70.2009829734001	66.3437505279318	61.8336000547965	44.2924595151918	30.5773387108876
2022 Q3	74.7002249980964	68.0572114634321	64.3725843720168	59.9346673290049	42.5355777300651	28.8634556901877
2022 Q4	73.7683694043761	67.1380464739397	63.6583183654624	59.155907427928	41.6301825566949	28.0223174348188
2023 Q1	73.8933558588447	67.1825166241144	63.8022739596679	59.5047861751573	41.2047109429998	25.3085657863996
2023 Q2	74.6762491099964	68.0502075010217	64.5609603507822	60.2739825123879	40.7061339881179	24.2330865064883
2023 Q3	74.372490843767	67.5925686450481	64.262625712638	59.9482231428235	39.9626061647791	23.5552600899933
2023 Q4	75.8097013235388	68.8327892484789	65.5624897536685	61.2334496111441	40.6572584125138	23.7890343347133
2024 Q1	76.8312206776112	69.8608312130734	66.4892700177391	62.1662369139703	41.155193608655	23.8771906787824
2024 Q2	76.4268196811436	69.399220166977	65.9705580834593	61.7617011720383	40.9008679984405	23.1716313435551
2024 Q3	77.3506077856882	70.2643429544248	66.8220790950656	62.5805823024069	41.4704289245962	23.5122862561827
2024 Q4	76.4309359844554	69.1588135223288	65.6441950328825	61.1919610414926	40.3296350666463	23.7758409633838

Note: The black striped area denotes the period from 2008:Q4 to 2012:Q4, when insured deposits increased because of the Transaction Account Guarantee program. The “other” category consists of variable-rate demand obligations (VRDOs), federal funds, funding-agreement-backed securities, private liquidity funds, offshore money market funds, short-term investment funds, local government investment pools, and stablecoins. Securities lending includes only lending collateralized by cash. GDP is gross domestic product. Values for VRDOs come from Bloomberg beginning in 2019:Q1. See Jack Bao, Josh David, and Song Han (2015), "The Runnables," FEDS Notes (Washington: Board of Governors of the Federal Reserve System, September 3), https://www.federalreserve.gov/econresdata/notes/feds-notes/2015/the-runnables-20150903.html.

Source: Securities and Exchange Commission, Private Funds Statistics; iMoneyNet, Inc., Offshore Money Fund Analyzer; Bloomberg Finance L.P.; Securities Industry and Financial Markets Association: U.S. Municipal Variable-Rate Demand Obligation Update; DTCC Solutions LLC, an affiliate of the Depository Trust & Clearing Corporation: commercial paper data; Federal Reserve Board staff calculations based on Risk Management Association, Securities Lending Report; S&P Securities Finance; Investment Company Institute; Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States"; Federal Financial Institutions Examination Council, Consolidated Reports of Condition and Income (Call Report); gross domestic product, Bureau of Economic Analysis via Haver Analytics; Llama Corp, DeFiLlama.

Return to text

Figure 4.2. The share of high-quality liquid assets to total assets remained above pre-pandemic levels

This is a line chart titled "The share of high-quality liquid assets to total assets remained above pre-pandemic levels". The x-axis measures time and ranges from 2001 to 2024. The data are quarterly. The y-axis represents liquid assets as a percent of assets, and ranges from 0 to 32 percent. There are three variables in the chart. The first line, labeled "G-SIBs", is designated by a red line and ranges from about 6 to 31 percent. It begins around 10 percent and remains there until 2004. The series then falls to around 6 percent by 2006, staying there until 2008. The series jumps sharply to 13 percent in late 2008, and then increases steadily to 22 percent through 2014. The series remains around 22 percent until early 2019 when it temporarily dips to 20 percent, before rising quickly to about 31 percent by the end of 2021. The series then declines sharply to about 25 percent in 2023:Q2, then rises to 26 percent in 2023:Q4 before falling back to around 25 percent in 2024:Q2. After falling back to 24 percent in 2024:Q3, it ticks up to 25 percent in 2024:Q4. The second line, labeled "Large non-G-SIBs", is designated by a blue line and ranges from 6 to about 25 percent. This variable falls from about 10 percent to about 6 percent in 2008:Q2 before rising to 14 percent by 2011. The series falls to 12 percent in 2013 before rising slowly to 16 percent in 2017, then declining slightly to around 15 percent by the end of 2019. The series then rises sharply from early 2020 to early 2021 to about 25 percent, before falling to about 18 percent by 2022:Q4 and then rising to about 21 percent by 2023:Q4. It rose again to over 22 percent as of 2024:Q2 and then ticked slightly up and then back down to 23 percent as of 2024:Q4. The third line, labeled "Other BHCs" is designated by a black line and ranges from about 5 percent to about 18 percent. The series falls from about 11 percent in 2001 to about 5 percent in 2008:Q1 and then rises steadily to about 12 percent in 2011 where it remains until the end of 2012. The line then declines steadily to around 10 percent at the end of 2019 before sharply increasing to about 19 percent by 2021:Q4. The series then declines to just over 11 percent in 2024:Q2 before rising back to 12 percent in the last two quarters of 2024.

Note: The sample consists of domestic BHCs, IHCs with a substantial U.S. commercial banking presence, and commercial banks. G-SIBs are global systemically important banks. Large non–G-SIBs are BHCs and IHCs with greater than $100 billion in total assets that are not G-SIBs. Liquid assets are cash plus estimates of securities that qualify as high-quality liquid assets as defined by the Liquidity Coverage Ratio requirement. Accordingly, Level 1 assets as well as discounts and restrictions on Level 2 assets are incorporated into the estimate.

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

Return to text

Figure 4.3. Banks’ reliance on short-term wholesale funding has returned to pre-pandemic levels

This is a line chart titled "Banks’ reliance on short-term wholesale funding has returned to pre-pandemic levels". The x-axis measures time and ranges from 2000 to 2024. The data are quarterly. The y-axis represents short-term wholesale funding as a percent of assets, and ranges from 5 to 40 percent. There is one variable charted on the plot. The variable is designated by a black line and ranges from about 10 to 35 percent. The variable begins near 27 percent in 2000:Q1, declines steadily to about 23 percent in 2003:Q4, increases to about 33 percent by the end of 2006 and remains there until 2008:Q1. It then steadily declines to about 16 percent in 2015:Q1 and remains near that level through 2019:Q3 before steadily declining to about 11 percent in 2021:Q4. The series then increases to 16 percent in 2023:Q3 and ends in a slight decline to 15.6 percent in 2023:Q4 before increasing again to just over 17 percent in 2024:Q2. The series decreases for the last two quarters of 2024, ending at 15 percent as of 2024:Q4.

Note: Short-term wholesale funding is defined as the sum of large time deposits with maturity less than 1 year, federal funds purchased and securities sold under agreements to repurchase, deposits in foreign offices with maturity less than 1 year, trading liabilities (excluding revaluation losses on derivatives), and other borrowed money with maturity less than 1 year. The shaded bars with top caps indicate periods of business recession as defined by the National Bureau of Economic Research: March 2001–November 2001, December 2007–June 2009, and February 2020–April 2020.

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

Return to text

Figure 4.4. Assets under management at money market funds increased to an all-time high in January

This is a stacked line chart titled "Assets under management at money market funds increased to an all-time high in January". The x-axis measures time and ranges from 2000 to 2025. The data are monthly. The y-axis ranges from 0 to 7000 in billions of dollars (real). There are four variables in the chart. The first variable is labeled "Government". It is designated by the beige portion of the chart and ranges from about 600 to about 5100. This variable starts around 600 billion dollars and remains around that level until mid-2007. The series then increases to around 2000 billion dollars by the start of 2009 before falling back to around 1000 billion dollars by 2011. The series remains around this level until the end of 2015 when the series increases rapidly to around 2700 billion dollars by the end of 2016. The series stays at this level until the end of 2018, when it begins a steady rise to over 3000 billion dollars by the end of 2019 and rises sharply to around 4650 billion dollars in early 2020 before steadily falling to about 4000 billion by October 2022. The variable then remains at 4000 billion until February 2023, after which it saw a pronounced rise to just over 4800 by January 2024. It reached a series maximum in August 2024, eclipsing 5000 billion. The series has another steep increase after August, peaking around 5650 billion in January 2025. The second portion is labeled "Tax exempt". This series is designated by the red portion of the chart and ranges from about 90 to about just over 700. This variable starts around 380 billion dollars and increases continuously to the peak value of around 700 billion dollars in 2008. Starting in 2009, the variable declines quickly and then more gradually through 2015, ending 2015 at around 340 billion dollars. The series drops sharply to 165 billion dollars in 2016 and remains around that level through mid-2020, before declining steadily to around 90 by January 2022. The variable then slowly increases to around 120 by January 2024, before settling around 130 billion in August 2024. The series stays around this value, ending at 133 billion in January 2025. The third portion is labeled "Retail prime" and is designated by the light blue portion of the chart. The variable ranges from about 200 to around 1400 billion. This variable starts at 1300 billion dollars and fluctuates around this level through early 2002. The variable declines gradually from mid-2002 until 2005 where it hits a low of around 850 billion dollars. The series then increases steadily through 2008 when it reaches a local peak of around 1200 billion dollars. The series then falls quickly, and then more slowly, through 2015, ending 2015 at about 550 billion dollars. The series falls sharply in 2016 to about 320 billion dollars and remains there until mid-2018. It then increases steadily to around 550 billion dollars by early 2020. The series falls sharply to 350 billion dollars by the end of 2020 before decreasing to about 200 billion dollars by April 2022. The variable then increases sharply to about 800 billion dollars by August 2024. The series continues increasing through the beginning of 2025, ending at 880 billion in January 2025. The fourth portion is labeled "Institutional prime". It is designated by the dark blue filled portion of the chart and ranges from about 160 to just under 1800. This variable starts at 770 billion dollars and generally increases from 2000 through 2002 to about 1400 billion dollars. From 2003 through mid-2005, the series falls to about 1050 billion dollars and then starts rising again, hitting about 1800 billion dollars in August 2008. The variable has a sharp decline in late 2008 to about 1300 billion dollars before quickly rebounding to about 1800 billion dollars in August 2009. The series generally falls over the next few years, hitting about 1200 billion dollars by early 2012, where it remains until late 2015. The variable experiences an accelerating decline beginning in early 2016, ending the year with its series minimum value of around 160 billion dollars. The series increases through early 2020 to about 390 billion dollars, drops sharply in March 2020 to 270 billion dollars, increases back to about 370 billion dollars, before declining steadily to 220 billion dollars by June 2022. The series increases slightly to around 280 billion dollars in January 2024 before falling down to 240 billion in August 2024. This decrease continues for the rest of 2024 before a tick up from 215 billion in December 2024 to 221 billion in January 2025.

Note: The data are converted to constant 2025 dollars using the consumer price index.

Source: Federal Reserve Board staff calculations based on Investment Company Institute data; consumer price index, Bureau of Labor Statistics via Haver Analytics.

Return to text

Figure 4.5. Market capitalization of major stablecoins has grown significantly

Billions of dollars

Date	Other	TerraUSD	Dai	Binance USD	USD Coin	Tether
2020-12-31	28.300553248	27.205880094	27.025604421	25.853741126	24.866808981	20.935116985
2021-01-01	28.884440693	27.757324164	27.573910812	26.362655567	25.287327764	21.165735738
2021-01-02	29.102492528	27.927978973	27.744757959	26.553871011	25.408000738	21.269142057
2021-01-03	29.330882536	28.176892959	27.997472319	26.750509371	25.579299652	21.365921518
2021-01-04	29.648834021	28.505570833	28.324042123	27.007844454	25.974864498	21.801817637
2021-01-05	30.19711903	28.950831492	28.763729742	27.442613315	26.371357752	21.999023184
2021-01-06	30.774270483	29.481217659	29.288955694	27.967118673	26.859087762	22.4747342
2021-01-07	31.344578778	30.003105569	29.817360853	28.453109873	27.35542791	22.851073405
2021-01-08	32.171360068	30.843253524	30.653412585	29.264265785	28.159515937	23.583727384
2021-01-09	32.770822981	31.427138222	31.242999525	29.819785339	28.663955634	23.913934009
2021-01-10	33.293960988	31.945717042	31.758782913	30.328242085	29.161146346	24.329532341
2021-01-11	33.498501411	32.171265986	31.980871287	30.593678561	29.530555998	24.685391833
2021-01-12	33.196079478	31.784569097	31.587563744	30.214845729	29.149468034	24.351165459
2021-01-13	33.175643306	31.835552428	31.645388074	30.274584698	29.199097061	24.425386977
2021-01-14	33.139170737	31.705974058	31.506041729	30.09561774	29.009213777	24.162272324
2021-01-15	33.251786037	31.806788873	31.609721843	30.318785516	29.164599674	24.279459849
2021-01-16	33.581420878	32.120034181	31.922788976	30.551054753	29.412721171	24.367969508
2021-01-17	33.592381029	32.073215317	31.887604903	30.504976607	29.342707522	24.28103872
2021-01-18	33.803887946	32.248403149	32.049355312	30.643484281	29.493884507	24.365435402
2021-01-19	33.700225819	32.094500206	31.899521325	30.496841297	29.352719801	24.236946768
2021-01-20	34.374451501	32.759326849	32.555100637	31.149052143	30.022130148	24.718410858
2021-01-21	34.712328854	33.12397261	32.916706461	31.502990514	30.398034469	25.018693185
2021-01-22	34.78228391	33.183947836	32.967554789	31.522710048	30.336713616	24.811541182
2021-01-23	34.791172902	33.177272813	32.950884768	31.490435008	30.305061482	24.712146512
2021-01-24	35.029213133	33.392377972	33.168596303	31.634415139	30.412001092	24.802853572
2021-01-25	35.176383556	33.521977685	33.27452952	31.696481174	30.49795949	24.964568822
2021-01-26	35.3360144	33.63591275	33.379942744	31.78275057	30.562502725	25.13978388
2021-01-27	35.734535265	34.043601775	33.786286527	32.18010577	30.811095467	25.307575273
2021-01-28	35.934633295	34.23174743	33.965481646	32.354171961	30.957960475	25.35001807
2021-01-29	36.002887431	34.303400221	34.031760288	32.414304714	30.929714366	25.103831303
2021-01-30	37.095655679	35.374340931	35.097780428	33.456696742	31.984225807	26.168831343
2021-01-31	37.498631878	35.756733228	35.474959006	33.828970375	32.358069148	26.483682759
2021-02-01	37.405233504	35.682231767	35.406790611	33.753373053	32.343605945	26.472459964
2021-02-02	37.835240933	36.099098318	35.822572645	34.11510118	32.707190301	26.762411109
2021-02-03	38.294834274	36.552324408	36.285949286	34.551471299	33.124077999	27.038111736
2021-02-04	38.866833093	37.133869596	36.875808676	35.104401981	33.651413741	27.502829455
2021-02-05	39.591857344	37.809035701	37.540993433	35.719723875	34.202036653	27.873077234
2021-02-06	40.186896315	38.377606261	38.116627438	36.29229875	34.738282313	28.300602949
2021-02-07	40.425004137	38.591755596	38.319946732	36.517387403	34.977000238	28.528206626
2021-02-08	41.087904802	39.212603587	38.932770067	37.041915192	35.481224907	28.948919015
2021-02-09	42.146852917	40.102839636	39.810284253	37.864164406	36.263699075	29.626314075
2021-02-10	42.92351813	40.875686117	40.567474397	38.601327967	36.937583625	30.196176794
2021-02-11	43.637320448	41.605957618	41.275298415	39.245049354	37.569217454	30.6771049
2021-02-12	44.13606922	42.059964251	41.693319297	39.64952171	37.997476822	30.976539268
2021-02-13	44.99256276	42.870167201	42.475265053	40.405165758	38.686263179	31.500838668
2021-02-14	45.547884757	43.467191112	43.0452501	40.979433326	39.238663007	31.831885538
2021-02-15	45.79164715	43.72822749	43.294932991	41.171917653	39.548437359	32.125633437
2021-02-16	46.137373754	44.071839934	43.610465163	41.411602029	39.825139097	32.357447861
2021-02-17	46.14725478	44.060270879	43.574991233	41.318010598	39.668934901	32.413291911
2021-02-18	47.159506968	45.066370554	44.563185412	42.259410362	40.529227321	33.167537656
2021-02-19	48.564092352	46.386026862	45.858884614	43.524421373	41.557963593	33.964430062
2021-02-20	49.659009132	47.430200543	46.88747167	44.524306185	42.346873682	34.545753091
2021-02-21	49.832324472	47.55044322	46.987180353	44.593027595	42.396688192	34.510046446
2021-02-22	50.476154287	48.247254267	47.655799762	45.278575972	43.01713555	34.939749133
2021-02-23	50.609085317	48.276460921	47.679723565	45.360244607	43.199948319	35.025482933
2021-02-24	51.452730675	49.104780659	48.491445237	46.143514473	43.862887917	35.41640669
2021-02-25	51.012579127	48.711827047	48.08629856	45.756527186	43.470013896	35.083600306
2021-02-26	52.251718792	49.871166087	49.212341207	46.879811141	44.529958293	35.581859982
2021-02-27	51.636401747	49.255285997	48.579967523	46.24243436	43.863303633	34.808762267
2021-02-28	52.381092651	49.95613715	49.266892038	46.898914965	44.546896091	35.568293656
2021-03-01	52.917089895	50.312117694	49.602432991	47.12672959	44.572366033	35.495107615
2021-03-02	53.676793235	51.104507155	50.371296698	47.827916083	44.963299989	35.948972275
2021-03-03	53.239903772	50.676745481	49.953091149	47.422096885	44.618106734	35.821819941
2021-03-04	54.368362706	51.843711078	51.095530009	48.518501883	45.544491825	36.557122622
2021-03-05	54.368171027	51.854826349	51.084088894	48.530396902	45.321901142	36.387300593
2021-03-06	54.676632413	52.208478045	51.430979466	48.841550919	45.605267796	36.572628505
2021-03-07	54.838635501	52.352307083	51.560835035	49.011033626	45.850741575	36.652063182
2021-03-08	54.565901184	52.084180133	51.268759458	48.690777738	45.677574004	36.499013028
2021-03-09	55.283932904	52.818890739	51.983384306	49.338525516	46.150963135	36.984401411
2021-03-10	55.526716469	53.074342639	52.206845795	49.581959171	46.367938138	37.185340231
2021-03-11	56.186394675	53.691530694	52.784755188	50.10792308	46.978252601	37.666310374
2021-03-12	57.048171398	54.532893501	53.562407656	50.831521666	47.625753586	38.26734084
2021-03-13	57.337846276	54.801103098	53.783309932	51.023364419	47.829862284	38.386048842
2021-03-14	57.376061659	54.796037585	53.775649411	51.000519209	47.888599669	38.533411509
2021-03-15	57.694296988	55.109175128	54.048476717	51.261721136	48.165461894	38.650333128
2021-03-16	57.97410992	55.391785094	54.238173933	51.428890171	48.355963554	38.779245187
2021-03-17	58.569637249	55.930383399	54.732511911	51.866327472	48.760382239	39.118228142
2021-03-18	58.946773252	56.284661157	55.032960611	52.146865957	48.949388732	39.177862565
2021-03-19	59.628608028	56.973406551	55.682258391	52.806333425	49.580138777	39.574945993
2021-03-20	60.002429911	57.356569034	56.057157405	53.172979178	49.918567319	39.86406695
2021-03-21	60.255576847	57.605091954	56.271328909	53.369599953	50.129294598	39.868153344
2021-03-22	60.416603222	57.863244435	56.49632988	53.563400671	50.198165825	39.921765429
2021-03-23	60.201917479	57.5971101	56.194810942	53.280127738	49.904842946	39.614375577
2021-03-24	60.425612752	57.877804451	56.448013237	53.526107817	50.211595074	39.829512767
2021-03-25	60.961292111	58.432060038	56.992127245	54.070005843	50.805476662	40.280316222
2021-03-26	61.73056545	58.994980709	57.497955035	54.534928023	51.144727103	40.271968382
2021-03-27	62.095147858	59.350385395	57.840406186	54.857258152	51.416082079	40.515760357
2021-03-28	62.780847313	59.951267357	58.33906298	55.337723555	51.841209668	40.836509536
2021-03-29	62.224617854	59.388741256	57.809514305	54.824090016	51.344285732	40.496509481
2021-03-30	62.708840128	59.842504952	58.236281204	55.220862889	51.637473492	40.726398262
2021-03-31	62.653313476	59.754359392	58.134302771	55.125244557	51.643298968	40.828662356
2021-04-01	62.753455523	59.877055169	58.229824889	55.264130932	51.736819517	40.865229034
2021-04-02	66.326744562	61.252477664	59.589415204	56.547598941	52.721514303	41.813133068
2021-04-03	67.006245269	61.929390796	60.256184025	57.196734374	53.24105602	42.475840765
2021-04-04	67.779481392	62.375997409	60.689659819	57.620708978	53.593195227	42.516185636
2021-04-05	67.580640921	62.373486816	60.686738221	57.6336941	53.550497989	42.515783762
2021-04-06	68.153585044	62.861711487	61.154778921	58.091644101	54.073562663	43.138125471
2021-04-07	67.657015716	63.111703832	61.418679693	58.358333187	54.163937317	43.154970746
2021-04-08	68.943267847	64.530482662	62.787844184	59.743950738	55.100655229	43.90733989
2021-04-09	69.291430648	64.815420339	63.067574376	60.025352047	55.095381719	43.862141614
2021-04-10	70.196029877	65.579654554	63.79951241	60.683389243	55.728786465	44.526368624
2021-04-11	70.21149367	65.723201011	63.974529946	60.823567574	55.788379781	44.487838877
2021-04-12	70.063778367	65.596006231	63.844712998	60.712255624	55.645599632	44.632650834
2021-04-13	71.369975995	66.966908192	65.177454924	62.006667239	56.748709158	45.573928455
2021-04-14	72.25861099	67.664153519	65.890982929	62.73720266	57.399867106	45.913564175
2021-04-15	73.425389222	68.719776329	66.938797432	63.736459496	58.20181747	46.600660619
2021-04-16	75.021699234	70.162148685	68.331599921	65.019740541	58.869511323	46.916060116
2021-04-17	76.583300125	71.833767148	70.051521417	66.609679333	60.362822021	48.045154807
2021-04-18	78.226600226	72.762240646	70.955740899	67.520831651	61.115880068	48.468535908
2021-04-19	78.160732453	72.854545001	71.052759628	67.63060861	60.995580766	48.238258549
2021-04-20	79.693770529	73.966421474	72.132971752	68.680648451	61.823801919	48.839998447
2021-04-21	80.46216755	74.629981755	72.773010065	69.357953671	62.113911277	49.035875172
2021-04-22	81.338349313	75.316630935	73.435402069	69.975422482	62.849889253	49.70979271
2021-04-23	81.110436148	75.043889234	73.161273092	69.72734333	62.845214159	49.565105986
2021-04-24	81.093705439	75.163879427	73.330305953	69.888096613	62.933777375	49.429163167
2021-04-25	82.828104525	76.609321689	74.725026678	71.250667942	64.157042879	50.495015134
2021-04-26	82.873176244	76.573042532	74.680981703	71.191888119	63.994027423	50.207677416
2021-04-27	83.225811232	76.872958953	74.942972414	71.393495109	63.990342099	50.130509261
2021-04-28	84.199527543	77.789166493	75.84885749	72.274451207	65.11673348	51.191042585
2021-04-29	84.712997365	78.827231881	76.796948795	73.121104224	65.913932206	51.288699069
2021-04-30	85.080463297	79.05309871	77.043295565	73.387886077	65.931275626	51.250703448
2021-05-01	85.786204876	79.724815943	77.732141351	73.998914492	66.416855005	51.707716414
2021-05-02	86.356657657	80.26696104	78.311315584	74.521230666	66.700456127	52.025629416
2021-05-03	86.884720513	80.432726143	78.430219352	74.522355814	67.045534642	52.400207094
2021-05-04	87.080358706	80.6325848	78.660841751	74.694738685	67.218587431	52.46422302
2021-05-05	88.459780914	81.905246431	79.88461235	75.787425277	68.028979809	52.943892216
2021-05-06	89.657087532	83.113030956	81.081963352	76.79067261	68.806595373	53.755133296
2021-05-07	91.148575376	84.53345083	82.481154928	78.10405024	70.282803268	55.069674379
2021-05-08	91.936389217	85.177002835	83.142001534	78.732598283	70.838809916	55.408048002
2021-05-09	92.646756699	85.951683857	83.875383363	79.371663452	71.524689291	55.851545524
2021-05-10	93.468383675	86.82810138	84.769047576	80.157548808	72.185295913	56.507276804
2021-05-11	94.16734999	87.220957389	85.141434503	80.542554673	72.550596581	56.782319238
2021-05-12	95.015782971	88.100590847	86.022909579	81.383048401	73.435674611	57.835482256
2021-05-13	94.98469604	88.122232195	86.012290708	81.536590234	73.663081363	57.528528354
2021-05-14	95.733046483	88.834458625	86.722678024	82.123038372	74.250101005	57.947909871
2021-05-15	96.077557705	89.228591674	87.157318337	82.539944745	74.677737103	58.09308678
2021-05-16	97.012261229	90.054677717	87.947810463	83.257690175	75.310638486	58.57696814
2021-05-17	97.402307995	90.578353813	88.482719296	83.737129704	75.776065145	58.738180827
2021-05-18	96.694241741	89.939368831	87.84568661	83.091668633	75.155758645	58.110737322
2021-05-19	95.172276557	89.348691163	87.297130652	82.942534718	75.234593485	57.844223554
2021-05-20	97.27481197	91.387020103	89.354110205	85.071146465	76.931725122	58.735496391
2021-05-21	98.713866533	92.718827284	90.739756261	86.49178082	78.011858997	58.564538631
2021-05-22	100.50296426	94.54356308	92.530531385	88.27914618	79.764416977	59.938923543
2021-05-23	100.66713226	94.833248359	92.930618684	88.867123223	80.254531135	59.779237244
2021-05-24	101.416408732	95.55323945	93.663372459	89.433378648	80.803195209	59.974413991
2021-05-25	102.069415377	96.313659679	94.363793059	90.084985244	81.255436826	60.377436586
2021-05-26	103.815879852	97.763519942	95.776313803	91.409379335	82.427528906	60.804942594
2021-05-27	104.110408469	98.098311648	96.15317878	91.755466188	83.043920787	61.012074048
2021-05-28	105.241531891	99.193732353	97.214542408	92.751109767	83.748898276	61.385272171
2021-05-29	104.705963214	98.683652331	96.708499535	92.216308451	83.480392476	61.365485214
2021-05-30	105.117846179	99.074884645	97.138194535	92.698774069	84.11497802	61.679096604
2021-05-31	105.603527629	99.471763216	97.512672814	93.07263761	84.406057481	61.662124698
2021-06-01	106.436585291	100.171166715	98.213782171	93.784716483	84.986064717	62.255321142
2021-06-02	106.179056305	100.003629485	98.06319754	93.642438997	84.588652664	61.872692492
2021-06-03	106.910590048	100.626489681	98.66810085	94.162068032	84.824015102	61.854837885
2021-06-04	107.436393221	101.133749744	99.206424876	94.656436923	85.123052539	62.200460093
2021-06-05	107.806644948	101.422125562	99.49403457	94.933617929	85.361429765	62.382497245
2021-06-06	108.586003564	102.11582794	100.198286096	95.601659777	85.902639052	62.750580532
2021-06-07	107.995723624	101.519073434	99.628048576	94.962526082	85.530735209	62.46275456
2021-06-08	108.79164944	102.242606787	100.324951161	95.654054881	86.018519639	62.765369075
2021-06-09	109.314598921	102.540922275	100.598675402	95.709265714	86.175262594	62.776883637
2021-06-10	108.977376132	102.574074775	100.676989388	95.775522182	86.521484081	63.268937484
2021-06-11	108.696194048	102.877083613	100.98543328	95.989866726	86.351293209	62.856172114
2021-06-12	109.318063091	103.471491636	101.567006385	96.572346637	86.955719317	63.310778731
2021-06-13	109.102335104	103.209530811	101.292724335	96.294975738	86.626032142	62.701550948
2021-06-14	109.35302998	103.396746627	101.474002405	96.439402329	86.902036708	62.914263463
2021-06-15	109.625435679	103.691119259	101.773960114	96.623490925	87.113976469	63.136961739
2021-06-16	108.448383047	102.694505391	100.792066422	95.690211849	86.402648319	62.586960828
2021-06-17	109.185075116	103.450092586	101.536234228	96.518717545	87.170812095	63.099667999
2021-06-18	109.307399461	103.600872706	101.691481012	96.65789606	87.228663241	62.836933197
2021-06-19	109.731602959	104.072846357	102.150022909	97.08960925	87.636768238	63.288058373
2021-06-20	109.94911782	104.239254421	102.313581394	97.324254106	87.580839495	62.908463833
2021-06-21	109.232930057	103.877718117	101.969345311	97.115194004	87.291964546	62.259101772
2021-06-22	110.518785208	105.137060544	103.222418772	98.369539974	88.566123088	63.24341188
2021-06-23	110.963441863	105.511804809	103.59282929	98.672782879	88.902427517	63.23704345
2021-06-24	110.881981031	105.457609659	103.544830432	98.608011536	88.644360471	63.103671351
2021-06-25	111.0066489	105.574150408	103.641980183	98.770713514	88.788854235	62.814853079
2021-06-26	112.150132441	106.703180376	104.781741142	99.83304684	89.786133051	63.831367436
2021-06-27	111.840513824	106.347402855	104.419747913	99.435443363	89.426418721	63.352101913
2021-06-28	111.00015246	105.654908188	103.726950854	98.756568618	88.601477484	63.200162143
2021-06-29	110.339708953	104.916046286	103.005678758	98.044908577	87.904473062	62.688846708
2021-06-30	111.111056995	105.583496423	103.661164015	98.512384284	88.32842351	63.058339992
2021-07-01	111.364878551	105.850655756	103.927791387	98.740017339	88.287892417	62.867304022
2021-07-02	112.143325473	106.572154485	104.630817073	99.406522246	88.679300912	63.097998785
2021-07-03	112.114086808	106.500981092	104.553033387	99.350805083	88.613173781	62.976210905
2021-07-04	111.077150666	105.44084769	103.504930857	98.319112352	87.536663557	61.950092497
2021-07-05	112.230087381	106.555312119	104.630463569	99.362006943	88.651973392	63.035970991
2021-07-06	112.413670952	106.596062095	104.660374227	99.398562677	88.621843011	62.831570441
2021-07-07	112.077076832	106.237888864	104.314518668	99.061381879	88.300899707	62.489939152
2021-07-08	112.896649563	107.078834597	105.132655759	99.874790961	88.954465147	62.818585928
2021-07-09	112.704212668	106.868799717	104.93284982	99.628870967	88.922378862	62.806447336
2021-07-10	112.922403345	107.100210358	105.159603161	99.881132707	89.124391476	62.896499699
2021-07-11	112.515329388	106.700568001	104.765201033	99.461720926	88.682804813	62.507311613
2021-07-12	112.80529946	106.98403602	105.032556155	99.743226306	89.240746078	62.694192572
2021-07-13	112.714989156	106.918761111	104.979075374	99.718436479	89.417091747	62.88379962
2021-07-14	112.999494325	107.20989471	105.201344158	99.925373882	89.223530344	62.473711903
2021-07-15	113.25820281	107.611387066	105.606405417	100.328147578	89.074058455	62.590251633
2021-07-16	112.011388537	106.736156185	104.732654037	99.491289719	88.422575565	62.096593805
2021-07-17	112.833328376	107.544025067	105.521856164	100.247136921	89.011523575	62.387158566
2021-07-18	113.58904333	108.283521346	106.25208903	100.946412883	89.635090842	62.70862894
2021-07-19	112.939095602	107.665524845	105.637745993	100.39090313	89.200949834	62.425290225
2021-07-20	112.980448472	107.818908995	105.778552915	100.555276859	89.231287925	62.30083048
2021-07-21	113.590328842	108.401375443	106.370703604	101.102228671	89.628614429	62.429158871
2021-07-22	113.332337007	108.140809787	106.106828334	100.835201223	89.305668695	62.22728324
2021-07-23	113.638803843	108.421514589	106.38211027	101.073969343	89.369525436	62.239861018
2021-07-24	113.847375496	108.589605826	106.543599417	101.243101678	89.433650589	62.293560257
2021-07-25	114.329347764	109.032810971	106.951984128	101.641088757	89.629368564	62.214309621
2021-07-26	113.893759895	108.690370225	106.677590109	101.374634788	89.479990283	62.588951686
2021-07-27	114.681696449	109.399435838	107.365465925	101.999128818	89.812138845	62.503538466
2021-07-28	113.919686972	108.679602335	106.642402904	101.276427643	89.025510594	61.676379981
2021-07-29	114.453480546	109.208930126	107.167312576	101.754047199	89.524142634	62.325451426
2021-07-30	115.161559165	109.846422396	107.782825346	102.368180938	89.895318465	62.25040498
2021-07-31	114.243228972	108.956867753	106.9163823	101.512013475	89.283342535	61.991958446
2021-08-01	114.449228905	109.200710323	107.163973285	101.744456944	89.750218257	62.483056034
2021-08-02	114.65182563	109.333190163	107.285513186	101.837992758	89.699527303	62.301914372
2021-08-03	115.250474211	109.860715224	107.802044365	102.319854381	90.288532702	62.836162356
2021-08-04	113.954929917	108.61650189	106.559522755	101.17150394	89.212545869	61.62383582
2021-08-05	114.688922218	109.337940312	107.287771341	101.823601198	89.807796521	62.255097346
2021-08-06	115.13235906	109.708191875	107.634379073	102.171679739	89.975631861	62.39311069
2021-08-07	115.428668031	109.898424677	107.815372491	102.3185952	90.055751688	62.372231255
2021-08-08	115.512088439	110.004685505	107.954223071	102.378649707	90.231431667	62.625097626
2021-08-09	116.126327978	110.639651065	108.548605096	102.994471801	90.796320645	62.849532383
2021-08-10	116.03402027	110.480039871	108.388281665	102.809498311	90.657430829	62.640086076
2021-08-11	116.31661787	110.662981069	108.569711515	102.97319034	90.981290901	63.038626861
2021-08-12	116.716880294	111.025593396	108.899887217	103.266196687	91.224120155	63.34019562
2021-08-13	116.41817605	110.727402651	108.609026946	102.927562471	90.891316227	63.143592957
2021-08-14	116.826198788	111.095541069	108.979399508	103.290773604	91.264051524	63.513901496
2021-08-15	116.992903851	111.238029874	109.125922479	103.378630263	91.329947702	63.759596158
2021-08-16	116.97168627	111.154406041	109.01237882	103.26935749	91.358290757	63.937261841
2021-08-17	117.383441517	111.650303096	109.473244297	103.74079234	91.887584373	64.489591362
2021-08-18	117.811738217	111.990122385	109.774156352	104.017872045	92.02258834	64.546808592
2021-08-19	118.86199712	112.968391316	110.677253442	104.880317102	92.724138787	65.040976809
2021-08-20	117.83712972	112.015893478	109.74924685	103.999260465	91.817587061	64.826373396
2021-08-21	118.058443043	112.252938001	109.984181361	104.204769193	91.965232609	65.062359702
2021-08-22	118.966005817	113.084250349	110.783895383	104.94705097	92.667885678	65.690167126
2021-08-23	118.369684458	112.467868745	110.173198652	104.383047578	92.077205718	65.17045907
2021-08-24	118.684140918	112.749454143	110.452530806	104.651588888	92.519524263	65.575429059
2021-08-25	119.08358722	113.175665275	110.85145294	105.079020909	92.937795797	65.866552767
2021-08-26	118.780455205	112.870927065	110.526270242	104.748907419	92.526275911	65.427749144
2021-08-27	119.580030717	113.631401597	111.275323461	105.434192662	93.187520188	66.024263475
2021-08-28	119.610259422	113.686185883	111.321926758	105.498362633	93.237274213	65.955942015
2021-08-29	119.528494945	113.63564817	111.27649601	105.42593645	93.179484418	65.950472602
2021-08-30	119.535470201	113.71324346	111.332005978	105.502601997	93.253253833	65.855816916
2021-08-31	120.27425511	114.334782922	111.929168633	106.045743107	93.765233179	66.26635414
2021-09-01	120.478758326	114.519571143	112.097578456	106.223490076	93.676940242	66.123544218
2021-09-02	120.537220089	114.659426989	112.234632275	106.175061934	93.664325252	66.062624291
2021-09-03	121.391967663	115.462716653	113.03576688	106.941542345	94.377404611	66.730035258
2021-09-04	121.647172689	115.695141647	113.248932132	107.146151517	94.512519961	66.778170178
2021-09-05	122.14555641	116.147071833	113.699558216	107.554292131	95.027647713	67.228499319
2021-09-06	123.087608607	117.055669933	114.586509347	108.395392206	95.819364966	67.903500886
2021-09-07	123.704191598	117.728660882	115.254896803	109.027946508	96.418594851	68.184094814
2021-09-08	125.778348235	119.796805403	117.33183346	111.075514811	98.340714702	69.684185964
2021-09-09	126.456285999	120.10471015	117.617192722	111.356204574	98.7131411	69.703676974
2021-09-10	125.431718498	119.409140841	116.864713385	110.723442166	98.267992369	69.081096174
2021-09-11	126.146092115	120.109937521	117.53080171	111.230989403	98.716773759	69.425108014
2021-09-12	127.613729469	121.535559336	118.954909609	112.581164943	100.098473869	70.800211304
2021-09-13	126.699317442	120.577390687	117.990491842	111.659466791	99.196211867	69.652244315
2021-09-14	126.953939702	120.758965412	118.157521827	111.860988333	99.103900587	69.753426471
2021-09-15	126.662076755	120.431022084	117.82815922	111.530270672	98.803199374	69.479594351
2021-09-16	126.986532437	120.684378325	118.072289979	111.747742518	98.939442325	69.643498537
2021-09-17	127.594922715	121.251591547	118.611001739	112.24597897	99.36077358	69.941343681
2021-09-18	127.401305593	121.081509465	118.446209075	112.091635449	99.21356001	69.663266574
2021-09-19	127.840841451	121.458761345	118.816024598	112.445690635	99.50627173	69.848668132
2021-09-20	126.368315363	120.114092991	117.474919213	111.441365916	98.561564244	69.538476426
2021-09-21	125.816260701	119.54223213	116.917417252	110.887000749	97.994590627	68.543490649
2021-09-22	127.742284838	121.320367531	118.673220262	112.643664624	99.677605852	69.594569833
2021-09-23	128.578996447	122.091425629	119.421334532	113.312227157	100.137086526	69.615920997
2021-09-24	129.57881149	123.026355213	120.353699225	114.293858964	100.672720361	69.912382384
2021-09-25	130.051109429	123.445883642	120.764516657	114.674123156	100.948716877	69.890392747
2021-09-26	130.47451667	123.846393111	121.162656325	115.059789241	101.261177591	69.933851143
2021-09-27	128.460123987	121.942988883	119.312918955	113.171399674	99.774820919	68.807886691
2021-09-28	128.843668304	122.416693756	119.764211215	113.613943697	100.17637088	69.121079443
2021-09-29	130.241785608	123.844295836	121.146065336	114.930705605	101.427663783	69.822155273
2021-09-30	129.881216478	123.517476215	120.828299091	114.592808222	101.495206171	69.656553878
2021-10-01	129.674230391	123.34570964	120.659314646	114.423708328	101.276032042	69.225845065
2021-10-02	129.674281658	123.319656905	120.632956925	114.417157974	101.327131262	69.274392179
2021-10-03	130.205261463	123.746868541	121.053889634	114.758607336	101.630416647	69.264460391
2021-10-04	130.191937522	123.675166443	120.973188679	114.662598521	101.59647944	69.282221336
2021-10-05	130.329942555	123.711230005	121.007584305	114.682545258	101.650476654	69.199180756
2021-10-06	130.4437141	123.753662032	121.048998804	114.619512751	101.430452149	68.955045729
2021-10-07	130.887363009	124.249020386	121.540073959	115.086110506	102.014840679	69.290558719
2021-10-08	131.422360107	124.706382585	121.981034912	115.475883691	102.332810818	69.404405336
2021-10-09	131.701568214	124.925227426	122.190116923	115.632738212	102.493941648	69.400603293
2021-10-10	131.80311746	125.031796165	122.30714059	115.755162239	102.603987361	69.370965697
2021-10-11	133.031716813	126.162792195	123.411439467	116.808822516	103.539768968	69.993843399
2021-10-12	132.337920501	125.4252047	122.686233181	116.065083862	102.892888327	69.825068087
2021-10-13	132.548005286	125.489954931	122.742342909	116.071717108	103.013034326	69.998620735
2021-10-14	132.558557123	125.423009422	122.693704582	115.909795941	102.637874121	69.70357535
2021-10-15	132.855291968	125.764459999	123.014267358	115.988986859	102.756430144	69.649532671
2021-10-16	133.259298248	126.137865174	123.391822024	116.344199314	103.173837	70.34259455
2021-10-17	133.063358422	125.901350485	123.155245117	116.110818055	103.016810847	70.116207186
2021-10-18	133.036304372	125.870889329	123.124643524	116.077038231	102.936546108	70.101000413
2021-10-19	132.684083138	125.338691365	122.580517163	115.615951275	102.477864159	70.207100409
2021-10-20	133.455582252	125.9128454	123.161557782	116.007359653	102.685796086	70.10197234
2021-10-21	133.527618968	125.972329952	123.227878361	115.845948228	102.866200599	70.308266231
2021-10-22	134.463965738	126.853720031	124.086722878	116.653091999	103.686925232	70.985309518
2021-10-23	134.987756713	127.321822891	124.550303701	117.114811548	104.099234645	71.156413504
2021-10-24	134.64299916	126.996850269	124.215723898	116.84041261	103.873768788	71.016596949
2021-10-25	134.722820125	126.976501001	124.181031165	116.821245179	103.856315308	71.106218837
2021-10-26	134.345012318	126.503629195	123.703838472	116.364320003	103.552100901	70.930271896
2021-10-27	134.777930385	126.755907973	123.997897811	116.393871153	103.585035151	71.031350874
2021-10-28	135.610028394	127.486612213	124.709429117	117.087446783	104.040370588	71.240827429
2021-10-29	136.349380973	128.264780626	125.47965685	117.792493622	104.542557391	71.453740694
2021-10-30	137.146364982	128.997148917	126.18228646	118.357354427	104.899752098	71.59250139
2021-10-31	136.598580183	128.43558808	125.636470501	117.843141099	104.219027337	71.151106006
2021-11-01	137.180930893	129.002860326	126.17965026	118.346962625	104.603090416	71.343989792
2021-11-02	138.492183134	130.214404662	127.376292807	119.531619223	105.257219753	71.675626811
2021-11-03	139.176756244	130.829449927	127.982881321	120.135788113	105.907264558	72.138348989
2021-11-04	139.920440155	131.406182335	128.537702567	120.694210114	106.568156517	72.66784601
2021-11-05	141.093744237	132.500999795	129.60777005	121.423059692	107.490616954	73.373158689
2021-11-06	140.971129423	132.345683482	129.457294278	121.287116956	107.717517503	73.245459836
2021-11-07	142.141108824	133.306059678	130.39934254	122.282352074	108.582939378	74.146540725
2021-11-08	143.019428175	134.122027947	131.220558875	122.819804041	109.184891159	74.814400683
2021-11-09	143.703028759	134.665352209	131.756324609	123.113596181	109.645936701	74.866137956
2021-11-10	144.154269988	135.082612968	131.782365107	123.163106534	110.068404566	75.453316594
2021-11-11	143.820179882	134.774648379	131.031780821	122.466452074	109.566943651	75.005773739
2021-11-12	145.031295891	135.786672714	131.579845259	122.928637681	110.172180263	75.396936892
2021-11-13	145.509827461	136.085242568	131.438332506	122.878654183	110.064335827	75.356712423
2021-11-14	146.812651509	137.202308461	132.082244473	123.517310563	110.631646631	75.694851198
2021-11-15	146.063171738	136.562649963	131.033943118	122.51767804	109.639108092	74.98333442
2021-11-16	146.556350189	136.793577404	130.915977895	122.407657742	109.445235969	74.756874546
2021-11-17	148.343214439	138.479659501	132.228921683	123.672399878	110.340072531	75.510814038
2021-11-18	147.485587415	137.682150139	131.091309731	122.57311616	109.472048316	75.026398216
2021-11-19	148.419827243	138.444061109	131.460343194	122.771953545	109.566206505	74.833172845
2021-11-20	149.090682014	138.992842017	131.732519362	122.998844751	109.648051995	74.744139921
2021-11-21	150.307888696	140.224984144	132.993518114	124.253632288	110.915627683	74.514891547
2021-11-22	149.437892103	139.40972656	132.228849494	123.596632068	110.350476958	73.94492832
2021-11-23	149.412075704	139.286161289	132.059411211	123.324135923	110.389096251	73.601617088
2021-11-24	150.083367429	139.733300881	132.491525181	123.730564416	110.748039501	73.521803149
2021-11-25	149.766818122	139.447434746	132.172544099	123.400811889	110.52194736	73.213226699
2021-11-26	150.860133141	140.411506582	133.0621802	124.396026443	111.613727054	73.76575599
2021-11-27	151.590283425	141.160812629	133.765684012	125.103874145	112.160120793	74.027458396
2021-11-28	152.039606947	141.52974993	134.041584398	125.309116023	112.362141016	73.926913074
2021-11-29	152.666811912	142.062880646	134.527276485	125.793154347	112.672838921	74.226709927
2021-11-30	153.327739794	142.584816479	134.881368293	126.061140643	112.702127856	74.140687485
2021-12-01	154.996992116	144.157178326	136.455442294	127.54271977	113.998060629	75.061046825
2021-12-02	154.719354709	143.877131073	136.09782128	127.224012651	113.640215368	74.70684254
2021-12-03	155.602099117	144.977768696	137.089707692	128.173843385	114.421575345	75.207273422
2021-12-04	156.23627635	145.738960524	137.720793009	128.80430932	115.173326611	75.268359324
2021-12-05	159.071637611	148.434558622	140.263932867	131.261706773	117.727189205	76.710772023
2021-12-06	158.537787172	147.911235734	139.671294901	130.733066618	117.382845381	76.477534132
2021-12-07	160.343635059	149.52462715	141.162071773	132.184582194	118.61790448	77.503393274
2021-12-08	160.336639777	149.503740187	141.020270551	132.044132261	118.367072184	77.327940869
2021-12-09	160.383763425	149.177566753	140.626974779	131.70472757	117.970026321	77.00763637
2021-12-10	159.969227264	148.812936002	140.208117705	131.385701488	117.601639697	76.589371223
2021-12-11	161.238711243	150.051612919	141.417073689	132.500087442	118.647677635	77.203492009
2021-12-12	161.411712116	150.215879169	141.575762923	132.668103016	118.821252549	77.315240613
2021-12-13	161.047994346	149.8724319	141.183157286	132.33341416	118.474336397	77.072384175
2021-12-14	162.389285664	151.207004662	142.408737447	133.570270127	119.469953119	77.621532543
2021-12-15	162.436664323	151.193525775	142.391727323	133.530199283	119.333889121	77.693695882
2021-12-16	161.805154716	150.561948621	141.786809554	132.909724927	118.811467226	76.990393274
2021-12-17	162.51014627	151.167781963	142.349380261	133.430198093	119.080293898	77.180613783
2021-12-18	163.229177974	151.699158842	142.770679625	133.821090836	119.417573996	77.302166682
2021-12-19	162.7169546	151.210770904	142.245147	133.345051036	119.045467984	77.106216976
2021-12-20	165.157801094	153.612450455	144.378451029	135.332999424	120.662943271	78.073078092
2021-12-21	165.09817066	153.254476825	143.881522716	134.879173457	120.265904249	77.72461768
2021-12-22	165.316911279	153.491939076	143.972060012	134.945566512	120.251894641	77.558355094
2021-12-23	165.841457597	153.917552624	144.252495293	135.210652222	120.523416551	77.696182521
2021-12-24	166.582575437	154.505341275	144.678330672	135.656709137	120.706209584	78.110870912
2021-12-25	166.735337923	154.562650402	144.640912385	135.620043082	120.735710035	78.173529768
2021-12-26	166.929277226	154.689271955	144.704964904	135.642839829	120.73960907	78.284615079
2021-12-27	166.411990334	154.320048525	144.277083161	135.253974061	120.207059439	78.080158291
2021-12-28	166.65303194	154.553721459	144.470007781	135.459465697	120.375712425	78.221493637
2021-12-29	166.474510503	154.401976573	144.30880796	135.352748305	120.568262664	78.249704094
2021-12-30	167.145437136	154.983553735	144.828021274	135.856991272	121.112598798	78.546396905
2021-12-31	166.18691635	154.025187678	143.897269227	134.957595973	120.517646202	78.285795057
2022-01-01	168.021568194	155.784718206	145.561632442	136.531003475	121.982314201	79.221440895
2022-01-02	167.121773969	154.855501496	144.683245858	135.647823581	121.174597599	78.519284091
2022-01-03	167.381171258	154.993181584	144.71371524	135.632436439	121.187022796	78.463706371
2022-01-04	167.386481783	155.013484044	144.67500911	135.580970864	121.176129822	78.39902067
2022-01-05	168.321758893	156.004681095	145.559277787	136.476977669	122.037924122	79.010451803
2022-01-06	168.148924288	155.86804989	145.404122407	136.423526854	121.98289942	78.731693917
2022-01-07	167.960163508	155.697001985	145.215062999	136.174131173	121.983695483	78.66291712
2022-01-08	167.366619503	155.249853939	144.820662946	135.852707512	121.672624237	78.115986493
2022-01-09	167.242147669	155.053095561	144.627899381	135.671998743	121.675138448	78.013315604
2022-01-10	168.54521019	156.219035317	145.682888635	136.662692138	122.586739762	78.567706013
2022-01-11	168.758854933	156.395250256	145.832942591	136.813397455	122.747798909	78.58793373
2022-01-12	169.655714415	157.271361095	146.691571705	137.596895031	123.39561931	78.558341157
2022-01-13	169.893348946	157.419586738	146.799814147	137.656800998	123.36017438	78.314622138
2022-01-14	170.176188178	157.762974346	147.123786369	138.005573013	123.710385848	78.534580154
2022-01-15	170.329264786	157.785878016	147.114729907	137.949705712	123.549021352	78.306182759
2022-01-16	170.725859835	158.244193218	147.549754805	138.292159624	123.865821247	78.447166988
2022-01-17	171.299366693	158.842281825	148.047899276	138.699961673	124.35724324	78.610157322
2022-01-18	170.864399726	158.409160721	147.649500072	138.319452595	124.131525278	78.385189731
2022-01-19	171.336856854	158.766699803	147.973131803	138.606161633	124.301665173	78.299194807
2022-01-20	172.037161855	159.291963527	148.419778635	139.001885953	124.726173518	78.288450521
2022-01-21	171.229879782	158.987279616	148.066941153	138.878040356	124.650151547	78.087291157
2022-01-22	173.404420475	161.405900646	150.326947557	141.168389142	126.801725199	78.645401451
2022-01-23	172.809734103	160.854517619	149.789649241	140.615663196	126.513623452	78.308599642
2022-01-24	173.934157748	162.161624508	150.910716622	141.580556952	127.356105659	79.08111216
2022-01-25	173.815093852	162.106004403	150.880183205	141.617983663	127.266638244	78.381038515
2022-01-26	174.952285879	163.367205419	152.093018382	142.7199322	128.084512599	78.881207485
2022-01-27	175.239822852	164.454515668	153.159940182	143.955753019	128.994725358	79.272790832
2022-01-28	173.825132099	163.31988917	152.103356025	143.01246328	128.040028366	78.392905111
2022-01-29	174.658190451	164.05021901	152.734742651	143.58051618	128.592186269	78.614214636
2022-01-30	174.210826514	163.611386697	152.317607956	143.176797018	128.174649874	78.344633253
2022-01-31	174.684030143	163.967202473	152.693424693	143.524939325	128.162290075	78.189041987
2022-02-01	175.232459094	164.414553598	153.120711979	143.910640923	128.417540022	78.129638659
2022-02-02	175.859781126	165.095986559	153.76368483	144.581201821	128.764928659	78.189170812
2022-02-03	176.807904616	165.957800167	154.624006104	145.4130582	129.158079338	78.173472467
2022-02-04	178.316507608	167.445510737	156.102590169	146.833504455	130.180360441	78.49485629
2022-02-05	177.215618086	166.330181501	155.035232153	145.713409439	129.146528042	78.098419342
2022-02-06	177.715395622	166.792487704	155.454039766	146.086798338	129.445003722	78.19101228
2022-02-07	177.926132149	167.091742254	155.836171229	146.361318638	129.529661036	78.19802261
2022-02-08	178.764264605	167.8835199	156.601524119	146.914413913	129.82225001	78.153756696
2022-02-09	179.253765378	168.429372648	157.143725428	147.381933627	130.073997603	78.104522393
2022-02-10	180.222569174	169.396488429	158.122496046	148.303404846	130.801538723	78.645367858
2022-02-11	180.819759509	169.968598887	158.580806786	148.743666731	130.938478952	78.671184184
2022-02-12	180.802383214	169.952822549	158.52397428	148.685311517	131.070351872	78.688251091
2022-02-13	181.010636433	170.179260773	158.66250813	148.825867908	131.211800097	78.727491533
2022-02-14	180.816686207	170.067412085	158.505320823	148.694507518	131.155095505	78.649751658
2022-02-15	181.432252535	170.617273549	158.953497146	149.009291384	131.134619045	78.588216526
2022-02-16	181.448192363	170.700483015	158.973036713	149.086682545	131.3230186	78.792364015
2022-02-17	181.670957504	170.994673296	159.151559672	149.378580088	131.3906512	78.856527589
2022-02-18	182.081397774	171.374451918	159.351087315	149.582685589	131.353570028	78.760444315
2022-02-19	183.089679278	172.352442337	160.225617624	150.4079523	132.137872791	79.323933939
2022-02-20	182.65540094	171.988518526	159.852347631	150.088620638	132.013747178	79.24588832
2022-02-21	182.970510735	172.353995303	160.118417792	150.404265536	132.338821463	79.543397991
2022-02-22	183.275893838	172.674818605	160.341950137	150.634742512	132.15530708	79.340029396
2022-02-23	183.647660528	173.067155249	160.62146909	150.964564113	132.68255599	79.785993458
2022-02-24	184.161877943	173.586675366	161.005881529	151.609352581	133.016693751	79.723619291
2022-02-25	183.607822535	172.894627743	160.206416441	150.999492206	132.900212876	79.671989976
2022-02-26	184.368887225	173.634071311	160.804567639	151.551995519	133.368051023	79.876330282
2022-02-27	185.080907586	174.289795829	161.273003113	152.013427024	133.757371994	80.056936322
2022-02-28	184.461692658	173.665889967	160.644244754	151.396370529	133.031479364	79.546229975
2022-03-01	184.571641773	173.804271782	160.672912325	151.399315438	132.939891755	79.37716975
2022-03-02	184.841854021	174.070630016	160.744045254	151.557628903	133.394891889	79.952581892
2022-03-03	184.57386435	173.916487777	160.447200633	151.250896587	133.059039106	79.681343752
2022-03-04	184.514063737	173.796073361	160.146696123	150.849299721	132.820858768	79.967015588
2022-03-05	184.743653799	174.019307197	160.297229151	150.998433023	132.996674626	79.992861379
2022-03-06	184.929301028	174.232732044	160.388906301	150.979854224	132.970824125	80.167859615
2022-03-07	183.905540467	173.16958568	159.370913926	149.93646338	132.01012802	79.901321802
2022-03-08	184.499214557	173.739011493	159.668296952	150.336339505	132.480954329	80.0839404
2022-03-09	184.985068666	174.043067391	159.859256246	150.484085676	132.440970872	80.059723281
2022-03-10	185.421718151	174.491920111	160.06260623	150.692610109	132.675260367	80.121412741
2022-03-11	185.387223847	174.468107582	159.867647885	150.48551546	132.517121353	80.098386875
2022-03-12	185.644354909	174.672357703	159.967649359	150.555921065	132.553416465	80.113754857
2022-03-13	185.873986574	174.880871907	160.132256384	150.709896772	132.673936171	80.18638118
2022-03-14	185.647835942	174.648276337	159.868590634	150.488795502	132.529082007	80.048684548
2022-03-15	185.563021681	174.657625678	159.669980522	150.331673493	132.380921998	80.08407024
2022-03-16	185.742845995	174.7707409	159.68712153	150.297101428	132.46712399	80.154613074
2022-03-17	186.461706655	175.513487422	160.251378037	150.840809375	133.087532808	80.253502143
2022-03-18	187.061382637	176.072898846	160.728236734	151.265557271	133.47884011	80.638895127
2022-03-19	187.261253248	176.288144442	160.86734333	151.39857074	133.619232232	80.759114699
2022-03-20	187.510766711	176.57036638	161.079334657	151.550909102	133.765819193	80.803658691
2022-03-21	187.467132862	176.536792304	160.937822997	151.415126812	133.724422729	80.742375395
2022-03-22	187.228933755	176.321035452	160.591078665	151.103460153	133.438890182	80.81389028
2022-03-23	186.598114379	175.746250309	159.953691566	150.508908562	132.871759229	80.617717555
2022-03-24	186.860043172	176.10321198	160.288881689	151.001599218	133.410458638	80.896455674
2022-03-25	186.426824454	175.880372712	159.91983586	150.657955293	133.098872549	81.269316709
2022-03-26	186.659059752	176.098964893	159.991350665	150.762601848	133.196130565	81.265468997
2022-03-27	186.561779211	175.997826586	159.875240421	150.656949076	133.115100366	81.0975129
2022-03-28	186.40571918	175.951065772	159.79753044	150.609091995	133.160757885	81.163679752
2022-03-29	187.248285269	176.669852595	160.418510689	151.233852974	133.6970061	81.643742495
2022-03-30	188.063103454	177.466935719	161.0911103	151.877061031	134.423040723	81.880807976
2022-03-31	187.587397275	177.073823305	160.736307108	151.516656228	134.211007966	82.111240613
2022-04-01	188.343486286	177.827304869	161.350875994	152.144659346	134.369534787	82.128838509
2022-04-02	188.00978913	177.551046374	161.029564077	151.936203429	134.265851355	82.243436567
2022-04-03	187.967587984	177.531976583	160.964613767	151.883825063	134.12738016	82.445457405
2022-04-04	187.746472632	177.480545909	160.866731834	151.788584576	134.130693506	82.498155772
2022-04-05	187.823763637	177.353011989	160.635486123	151.58122617	133.680138287	82.48476106
2022-04-06	186.94653536	176.58600002	159.859809026	150.882245939	133.225775621	82.403860025
2022-04-07	187.046905218	176.607243622	159.855941286	150.89427133	133.269223903	82.527394584
2022-04-08	187.356885811	176.919187446	160.087678036	151.030566114	133.413023832	82.652739236
2022-04-09	187.776558901	177.33326411	160.573233564	151.538209021	133.558498431	82.660624852
2022-04-10	187.747145587	177.361278604	160.564892668	151.525457464	133.614275358	82.791093566
2022-04-11	186.950635964	176.616263717	159.795067021	150.980977703	133.231291484	82.713451635
2022-04-12	187.240710433	176.8982066	159.91177181	151.12541043	133.438992705	83.007878594
2022-04-13	186.750131046	176.468202729	159.433217285	150.686991516	133.221939888	82.866510722
2022-04-14	186.825501697	176.512128271	159.328117052	150.509178861	133.096641103	82.897672411
2022-04-15	186.794575828	176.474444739	159.144109103	150.350412606	132.941782111	82.80917008
2022-04-16	186.793389351	176.473689114	159.022985864	150.229814507	132.822591876	82.877296154
2022-04-17	186.926159858	176.631558274	159.076665937	150.306255847	132.926141221	82.885160812
2022-04-18	186.739738134	176.428166489	158.744505954	150.009041348	132.676462165	82.857636762
2022-04-19	186.923736051	176.669275143	158.840518848	150.146139928	132.748369908	82.759364479
2022-04-20	187.051585235	176.76606977	158.800169216	150.078543217	132.825272422	83.021462214
2022-04-21	187.446602102	177.153996103	159.108470067	150.402470397	133.000665538	83.171627191
2022-04-22	187.780840578	177.496349523	159.358590318	150.654433942	133.053234254	83.194560472
2022-04-23	188.005576542	177.72417032	159.520398426	150.803688506	133.239122844	83.28288623
2022-04-24	187.870910485	177.580886588	159.341873122	150.637420214	133.112226982	83.239619633
2022-04-25	187.918197224	177.653772157	159.34581867	150.681822015	132.981005519	83.153178313
2022-04-26	187.436079356	177.174806591	158.727508498	150.079788302	132.516758039	83.256289983
2022-04-27	187.376681481	176.902247492	158.431923834	149.831791073	132.413875178	83.141483801
2022-04-28	187.239966231	176.793118566	158.330245047	149.755068264	132.421324684	83.110772708
2022-04-29	187.686131099	177.186680881	158.703979073	150.186103276	132.488080662	83.330923492
2022-04-30	187.960230214	177.510402564	158.925490899	150.456827345	132.776990269	83.697405339
2022-05-01	187.762987254	177.320672641	158.732804345	150.289069279	132.581076205	83.382381193
2022-05-02	187.480027365	177.055996922	158.411542924	150.069069534	132.251140004	83.19093132
2022-05-03	187.592173274	177.161686206	158.462790276	150.162933847	132.284262993	83.331768886
2022-05-04	187.103055513	176.711801061	157.988203713	149.789753021	131.932843584	83.158740796
2022-05-05	187.310821321	176.931850127	158.242122325	150.019663571	132.104117762	83.302209355
2022-05-06	186.53039984	176.077475139	157.307003237	149.141526759	131.651802739	83.348085462
2022-05-07	186.310973726	175.94521757	157.336554872	149.353517003	131.863205056	83.491763869
2022-05-08	180.859873042	170.612206641	156.561201511	149.004284865	131.748352818	83.2463187
2022-05-09	177.82860362	167.825637581	156.001163029	148.837825633	131.586937066	83.173635948
2022-05-10	176.879323125	167.008057282	155.232496133	148.250063193	131.142816673	82.690895711
2022-05-11	160.85380661	152.147246127	152.147246127	145.970489839	129.182458101	79.485744715
2022-05-12	160.411028896	152.313486062	152.313486062	146.305679609	129.182458101	79.485744715
2022-05-13	159.107341561	151.154367359	151.154367359	145.128994165	127.516648806	76.73459314
2022-05-14	158.563791033	150.57308587	150.57308587	144.564794719	126.806321074	75.698673625
2022-05-15	158.625389028	150.661032408	150.661032408	144.612339249	126.864647142	75.711756793
2022-05-16	159.975450547	151.808357134	151.808357134	145.783973445	127.773442111	75.711756793
2022-05-17	158.856672243	150.75331093	150.75331093	144.625852616	126.417496736	74.158117512
2022-05-18	159.07989992	151.081906277	151.081906277	144.97816834	126.54405157	74.167175832
2022-05-19	159.749208706	151.6821214	151.6821214	145.471477037	126.91576396	74.18120462
2022-05-20	159.004891893	150.93208805	150.93208805	144.789723349	126.220350592	73.255957132
2022-05-21	159.063753038	150.981721415	150.981721415	144.856100297	126.273104144	73.221020878
2022-05-22	159.168700178	150.990633559	150.990633559	144.853913539	126.337453506	73.235565369
2022-05-23	159.259641825	151.059659803	151.059659803	144.890674891	126.54668335	73.228235215
2022-05-24	159.41672834	151.147393328	151.147393328	144.971656258	126.635255265	73.228235215
2022-05-25	159.560729622	151.309841696	151.309841696	145.136193482	126.655338497	73.227243445
2022-05-26	159.183286805	150.900895758	150.900895758	144.703143578	126.433187368	73.23259434
2022-05-27	158.735690623	150.449634404	150.449634404	144.235325167	126.074033818	72.499738788
2022-05-28	158.918047029	150.609285591	150.609285591	144.372032849	126.202101315	72.504086805
2022-05-29	158.811677887	150.468215239	150.468215239	144.227079304	126.254061435	72.535836322
2022-05-30	159.331913071	150.552099364	150.552099364	144.257214995	126.284937318	72.524933627
2022-05-31	159.897248309	151.08438597	151.08438597	144.713405476	126.511297867	72.526132987
2022-06-01	160.851506974	151.950599208	151.950599208	145.554930703	127.412469109	72.600188405
2022-06-02	159.973325918	151.169629799	151.169629799	144.761539063	126.684607882	72.528608901
2022-06-03	159.960586966	151.129552579	151.129552579	144.698097612	126.641393883	72.530075149
2022-06-04	159.903998767	151.078231369	151.078231369	144.660235686	126.596189784	72.519092421
2022-06-05	159.912654114	151.090796672	151.090796672	144.655037723	126.599952673	72.522497401
2022-06-06	159.732343273	150.876932092	150.876932092	144.416206354	126.171920136	72.41095766
2022-06-07	159.613296972	150.761900229	150.761900229	144.256074	126.23878558	72.41095766
2022-06-08	159.582119373	150.757208311	150.757208311	144.176883505	126.227208401	72.425196492
2022-06-09	159.653694621	150.838569582	150.838569582	144.255729886	126.335617368	72.492367357
2022-06-10	159.203694729	150.367857945	150.367857945	143.702455292	125.670673433	72.49935497
2022-06-11	158.917063211	150.107812638	150.107812638	143.481558223	125.56555678	72.466892931
2022-06-12	158.629789211	149.919163562	149.919163562	143.31481146	125.55452903	72.291494924
2022-06-13	157.354184145	148.928913953	148.928913953	142.463992837	124.860234655	71.503808611
2022-06-14	156.415396946	147.961232598	147.961232598	141.59700256	124.162321723	70.822047451
2022-06-15	155.620216081	147.405532445	147.405532445	141.119818172	123.478146011	69.96716646
2022-06-16	155.113535205	146.892346081	146.892346081	140.64546864	123.06370782	69.174473605
2022-06-17	154.565013602	146.548795895	146.548795895	140.175698252	122.570322325	68.176552326
2022-06-18	154.634153452	146.682139385	146.682139385	140.396262705	122.794782825	68.13009145
2022-06-19	154.408486505	146.540326456	146.540326456	140.250622401	123.054984092	67.863629322
2022-06-20	153.756314673	145.874316534	145.874316534	139.588041233	122.39810274	67.447252726
2022-06-21	153.872840293	145.886231106	145.886231106	139.561485008	122.034000765	66.939363765
2022-06-22	153.838955004	145.956714747	145.956714747	139.625033666	122.084514538	66.962042573
2022-06-23	153.419648195	145.540732804	145.540732804	139.21182133	121.811980629	66.948998007
2022-06-24	153.425649338	145.556718197	145.556718197	139.229814048	121.783078826	66.841870663
2022-06-25	153.642128503	145.766447897	145.766447897	139.418394075	121.964162128	66.847066311
2022-06-26	153.634116704	145.799824801	145.799824801	139.470676492	122.016962875	66.856688413
2022-06-27	153.370065515	145.371930847	145.371930847	139.036083397	121.536755939	66.824445663
2022-06-28	153.276270148	145.354358592	145.354358592	139.103763018	121.626708337	66.791194933
2022-06-29	153.126220199	145.288585641	145.288585641	138.962789789	121.328308682	66.463748713
2022-06-30	153.006547826	145.205649423	145.205649423	138.884683828	121.269625817	66.279904942
2022-07-01	153.718169557	145.884041778	145.884041778	139.482511854	121.598100819	66.63356359
2022-07-02	153.686272907	145.930667301	145.930667301	139.517297563	121.645180226	66.637843079
2022-07-03	153.57551738	145.805699818	145.805699818	139.374866501	121.496365416	66.494818098
2022-07-04	153.594066882	145.838752963	145.838752963	139.395034048	121.586053433	66.451169903
2022-07-05	153.480217949	145.866266071	145.866266071	139.434053203	121.5470726	66.45165594
2022-07-06	153.225714358	145.622771092	145.622771092	139.196207108	121.298687566	66.446520644
2022-07-07	152.994845311	145.42757289	145.42757289	138.972972583	121.063727549	66.405902703
2022-07-08	153.143654455	145.588118921	145.588118921	139.124077379	121.175280645	66.471001674
2022-07-09	153.13250949	145.492703399	145.492703399	139.006207879	121.057183312	66.432311434
2022-07-10	153.024336436	145.556591609	145.556591609	139.12468215	121.1589182	66.46538477
2022-07-11	153.192337454	145.73380865	145.73380865	139.273028767	121.18716877	66.46538477
2022-07-12	152.886026474	145.43185772	145.43185772	139.024133464	121.049292874	66.426423702
2022-07-13	152.894124421	145.437681024	145.437681024	138.969382674	120.935390953	66.355380035
2022-07-14	152.968998476	145.491347743	145.491347743	138.993112776	120.852892721	66.317932148
2022-07-15	152.418193765	144.936728908	144.936728908	138.395403371	120.400793824	66.317932148
2022-07-16	152.492103464	145.006758718	145.006758718	138.415991975	120.42268617	66.349450274
2022-07-17	152.591488945	145.099108712	145.099108712	138.386189286	120.394747191	66.356009511
2022-07-18	152.835604044	145.348114959	145.348114959	138.57823212	120.3888715	66.333085532
2022-07-19	152.760685586	145.197876579	145.197876579	138.386168509	120.293300294	66.320333624
2022-07-20	152.956060118	145.350330099	145.350330099	138.510969118	120.496868497	66.3236516
2022-07-21	152.893066392	145.303517867	145.303517867	138.49648323	120.532751233	66.286857515
2022-07-22	153.034332645	145.458498001	145.458498001	138.590003182	120.559715658	66.292926498
2022-07-23	153.142682512	145.578425156	145.578425156	138.658417677	120.677014555	66.292365071
2022-07-24	153.131521974	145.559887207	145.559887207	138.647443627	120.670537341	66.296026642
2022-07-25	153.102465921	145.517514636	145.517514636	138.640246407	120.598234392	66.29200156
2022-07-26	153.018716689	145.43510584	145.43510584	138.551334142	120.692187599	66.310813115
2022-07-27	153.100702374	145.428160077	145.428160077	138.501828116	120.630012592	66.285540449
2022-07-28	152.908806964	145.194558754	145.194558754	138.206612666	120.278592746	66.382124061
2022-07-29	153.031796284	145.322038302	145.322038302	138.304764118	120.356699415	66.507130316
2022-07-30	153.037602872	145.280949157	145.280949157	138.280633385	120.334238078	66.651173201
2022-07-31	153.035978861	145.301887649	145.301887649	138.326967785	120.378941318	66.651613631
2022-08-01	153.361695431	145.550937794	145.550937794	138.56161136	120.5497759	66.759079429
2022-08-02	153.298874545	145.51077609	145.51077609	138.523931736	120.506259376	66.871041771
2022-08-03	153.263706331	145.528248709	145.528248709	138.583962793	120.561087275	66.870806792
2022-08-04	153.184077316	145.448561607	145.448561607	138.42903209	120.416595414	66.936675543
2022-08-05	153.33796664	145.605105325	145.605105325	138.566814665	120.550519687	66.929805958
2022-08-06	153.354329838	145.630918403	145.630918403	138.548816864	120.532512514	66.929805958
2022-08-07	153.280095795	145.533817145	145.533817145	138.526409389	120.508427616	66.91797772
2022-08-08	153.047702431	145.287225845	145.287225845	138.248108284	120.344892022	66.917222982
2022-08-09	153.128149769	145.218690984	145.218690984	138.144729115	120.302244743	66.963249874
2022-08-10	153.368674611	145.400603848	145.400603848	138.288337931	120.404204127	67.208611295
2022-08-11	153.304756768	145.348201669	145.348201669	138.34021524	120.421036809	67.359349669
2022-08-12	153.126458925	145.163778616	145.163778616	138.329658738	120.593980714	67.504940563
2022-08-13	153.365484399	145.410613496	145.410613496	138.56057376	120.826169889	67.744701896
2022-08-14	152.766628799	144.91585281	144.91585281	138.107174937	120.288518864	67.42902681
2022-08-15	153.069427104	145.217764703	145.217764703	138.421318631	120.374829461	67.581103763
2022-08-16	152.938953561	145.176821468	145.176821468	138.402679604	120.328480421	67.569730696
2022-08-17	152.901448182	145.160038912	145.160038912	138.42890851	120.048458695	67.551075729
2022-08-18	152.711862085	144.986293271	144.986293271	138.290110888	119.654858655	67.550349634
2022-08-19	152.632342304	144.843227528	144.843227528	138.195199992	119.276661045	67.548288243
2022-08-20	152.545534683	144.761492621	144.761492621	138.172598072	119.244965021	67.554275317
2022-08-21	152.500396065	144.836785891	144.836785891	138.27884007	119.365733415	67.546502387
2022-08-22	152.299517137	144.705109511	144.705109511	138.176074306	119.0597086	67.538125618
2022-08-23	152.430916281	144.788948255	144.788948255	138.279326855	119.158671982	67.538558573
2022-08-24	152.46481128	144.804730065	144.804730065	138.308075714	119.070943865	67.551360806
2022-08-25	152.478598536	144.840933502	144.840933502	138.329076432	119.015830205	67.637693999
2022-08-26	152.567589414	144.913209765	144.913209765	138.421748952	119.033922738	67.548174005
2022-08-27	152.640150651	144.96254709	144.96254709	138.486513703	119.093510576	67.554399518
2022-08-28	152.413483473	144.744926463	144.744926463	138.273150576	119.033858921	67.545982884
2022-08-29	152.572153352	144.889847714	144.889847714	138.407179516	119.119043463	67.548911675
2022-08-30	152.892094784	145.207045774	145.207045774	138.69339121	119.233832088	67.5528133
2022-08-31	152.68271432	145.052839139	145.052839139	138.541153359	119.142130392	67.55158289
2022-09-01	152.628816369	144.959736385	144.959736385	138.41093415	118.899954282	67.551756492
2022-09-02	152.431337736	144.802200545	144.802200545	138.259439383	118.703946045	67.55012517
2022-09-03	152.460206349	144.816981504	144.816981504	138.282865209	118.727204281	67.552573842
2022-09-04	152.317319957	144.65808104	144.65808104	138.209988204	118.771969065	67.549551675
2022-09-05	152.21706378	144.574705172	144.574705172	138.153458144	118.719586249	67.542196487
2022-09-06	152.221908377	144.58931022	144.58931022	138.181846705	118.452944181	67.547079304
2022-09-07	152.32605896	144.700554379	144.700554379	138.296840972	118.590035444	67.547199534
2022-09-08	152.484717824	144.870197085	144.870197085	138.460082782	118.548151756	67.550159729
2022-09-09	152.592247408	145.024027387	145.024027387	138.614535659	118.610001643	67.556610985
2022-09-10	152.715955343	145.137320735	145.137320735	138.701911609	118.695846937	67.676845587
2022-09-11	152.714070915	145.12454985	145.12454985	138.683716992	118.680015915	67.742707863
2022-09-12	152.656716294	145.167498362	145.167498362	138.749309179	118.626457201	67.821638257
2022-09-13	152.662239683	145.174960311	145.174960311	138.78154757	118.577507914	67.898772162
2022-09-14	152.299187086	144.867353664	144.867353664	138.485318826	117.967422308	67.883041497
2022-09-15	152.065260089	144.631002119	144.631002119	138.259253725	117.593500392	67.923689321
2022-09-16	151.904440891	144.483285632	144.483285632	138.109005474	117.451946486	67.923585946
2022-09-17	151.99315917	144.532497178	144.532497178	138.097594263	117.440389853	67.920776064
2022-09-18	151.925230201	144.508488314	144.508488314	138.081656182	117.424597194	67.923585944
2022-09-19	152.068040656	144.695812734	144.695812734	138.31593891	117.297003032	67.956589961
2022-09-20	152.324321309	144.901573264	144.901573264	138.483859207	117.470245382	67.966594001
2022-09-21	152.164261218	144.736720792	144.736720792	138.326233964	117.289154241	67.975491267
2022-09-22	152.171581841	144.719157638	144.719157638	138.250961153	117.186833842	67.951949274
2022-09-23	151.970265913	144.542223596	144.542223596	138.062748889	117.024811276	67.949388004
2022-09-24	151.924506469	144.502309292	144.502309292	138.033186103	116.998846624	67.950359007
2022-09-25	151.641559982	144.261705861	144.261705861	137.793614901	116.759275422	67.952625135
2022-09-26	150.900086061	144.101152804	144.101152804	137.6398205	116.589192923	67.951354338
2022-09-27	150.7745502	143.968635532	143.968635532	137.519964095	116.471185882	67.950364285
2022-09-28	150.266412349	143.642053496	143.642053496	137.236023403	116.157996993	67.947676809
2022-09-29	149.782522044	143.159873275	143.159873275	136.749036989	115.858076119	67.954353699
2022-09-30	148.534289719	141.869169692	141.869169692	135.459224895	114.567876366	67.948542706
2022-10-01	148.539809716	141.861364554	141.861364554	135.45530088	114.562920561	67.949182064
2022-10-02	148.566482884	141.890610545	141.890610545	135.516073728	114.624886266	67.944572025
2022-10-03	148.347396471	141.670705068	141.670705068	135.343061559	114.458332305	67.947697335
2022-10-04	148.312422953	141.612367922	141.612367922	135.266011291	114.077570678	68.074624852
2022-10-05	148.381965919	141.68314809	141.68314809	135.346099713	113.953767999	68.218492035
2022-10-06	148.421078369	141.722862638	141.722862638	135.394096771	113.76599616	68.226676713
2022-10-07	148.58138916	141.846370145	141.846370145	135.533599393	113.755350274	68.328206686
2022-10-08	148.585806312	141.860571521	141.860571521	135.547495005	113.768198722	68.376959555
2022-10-09	148.573164175	141.753911044	141.753911044	135.448332046	113.763996766	68.37529892
2022-10-10	148.371633217	141.557562915	141.557562915	135.278114794	113.738285437	68.420214759
2022-10-11	148.260922104	141.449814755	141.449814755	135.204055892	113.668743881	68.415641082
2022-10-12	147.752653735	140.925920379	140.925920379	134.724641352	113.506974423	68.415978378
2022-10-13	147.330620805	140.530379349	140.530379349	134.494800166	113.124956443	68.414880928
2022-10-14	146.912870354	140.183925603	140.183925603	134.151698956	112.773784099	68.427706686
2022-10-15	146.89759898	140.166582888	140.166582888	134.149595475	112.769396961	68.432883242
2022-10-16	146.826078856	140.07835429	140.07835429	134.057080069	112.766862906	68.432359085
2022-10-17	146.62663305	139.865079644	139.865079644	133.862850316	112.548205311	68.437706685
2022-10-18	146.530909143	139.817822072	139.817822072	133.905861292	112.336643069	68.451542494
2022-10-19	146.43713707	139.730303231	139.730303231	133.8541408	112.139282067	68.453576637
2022-10-20	146.031509503	139.379588179	139.379588179	133.583957079	111.700419445	68.447806562
2022-10-21	145.831545761	139.167143513	139.167143513	133.418085199	111.647581301	68.448256112
2022-10-22	145.889717	139.234206099	139.234206099	133.479570392	111.707368214	68.452258966
2022-10-23	145.927772127	139.262702132	139.262702132	133.477053873	111.710036651	68.448613412
2022-10-24	145.598858132	139.166080361	139.166080361	133.382761302	111.602847821	68.478655756
2022-10-25	145.482360623	139.016073721	139.016073721	133.22607447	111.649955751	68.511756739
2022-10-26	145.666860323	139.184522557	139.184522557	133.391281281	111.90543994	68.727004424
2022-10-27	145.583511788	139.111220538	139.111220538	133.314973924	112.084078864	68.892878369
2022-10-28	145.69220374	139.222230614	139.222230614	133.453425785	112.052721353	68.977692179
2022-10-29	145.795451631	139.321469212	139.321469212	133.539571446	112.143024173	69.116157095
2022-10-30	145.886195354	139.45631881	139.45631881	133.683912502	112.287480997	69.271293754
2022-10-31	145.46625532	138.994489052	138.994489052	133.311104147	112.163763473	69.415082044
2022-11-01	145.486828604	138.989233152	138.989233152	133.328118651	111.666360192	69.33854702
2022-11-02	145.351926212	138.825051379	138.825051379	133.157161811	111.185590811	69.340998807
2022-11-03	145.483770975	138.890390912	138.890390912	133.232107864	110.747791614	69.352564431
2022-11-04	145.670721472	139.011365227	139.011365227	133.319622417	110.771443963	69.354720562
2022-11-05	145.716694197	139.044681127	139.044681127	133.326894641	110.778697021	69.437661896
2022-11-06	146.074961238	139.44822552	139.44822552	133.675685497	111.119868491	69.421840658
2022-11-07	147.059589637	140.383725545	140.383725545	134.596170647	112.010813407	69.518116385
2022-11-08	147.348247212	140.727781583	140.727781583	134.973291552	112.010815087	69.877980214
2022-11-09	145.579134291	138.976599206	138.976599206	133.542745735	110.478550168	68.208873249
2022-11-10	146.005309444	139.477118108	139.477118108	134.072673953	110.980164445	68.152740757
2022-11-11	145.839571885	139.427432411	139.427432411	134.033073342	110.656543128	67.271876433
2022-11-12	145.128223169	138.660588872	138.660588872	133.2148852	109.840982348	66.345381026
2022-11-13	144.95634065	138.562815963	138.562815963	133.125010274	109.756293624	66.291749922
2022-11-14	144.76735643	138.39447507	138.39447507	132.920401191	109.457531469	65.956265903
2022-11-15	144.812336101	138.367007333	138.367007333	132.925483405	109.707994132	65.894873297
2022-11-16	144.390094572	138.123999247	138.123999247	132.694358471	109.637337794	65.875492621
2022-11-17	144.026926711	137.783284587	137.783284587	132.33105703	109.396286204	65.888679588
2022-11-18	144.215835407	137.970768511	137.970768511	132.544804874	109.661063634	65.869148638
2022-11-19	144.214252027	138.015675815	138.015675815	132.583914239	109.689428893	65.841850776
2022-11-20	144.279257544	138.036479535	138.036479535	132.6112256	109.718444473	65.796033621
2022-11-21	143.393900908	137.122735496	137.122735496	131.765757481	108.962474195	65.431303413
2022-11-22	143.394813118	137.136485887	137.136485887	131.766115933	108.990636084	65.45773574
2022-11-23	142.758434607	136.610559561	136.610559561	131.367653174	108.505015986	65.274275864
2022-11-24	143.007695529	136.86301496	136.86301496	131.600155553	108.733176987	65.302197652
2022-11-25	142.706654563	136.497309019	136.497309019	131.239478144	108.72753288	65.335566807
2022-11-26	142.883146241	136.653718841	136.653718841	131.387893318	108.885903885	65.321148012
2022-11-27	142.876897537	136.64401679	136.64401679	131.455456537	109.03176785	65.316885047
2022-11-28	141.831852568	136.093317803	136.093317803	130.897518297	108.512095628	65.326687971
2022-11-29	141.197160802	135.620001713	135.620001713	130.444157076	108.068794202	65.256715971
2022-11-30	141.049419712	135.556876979	135.556876979	130.366212943	108.092252346	65.352829103
2022-12-01	140.882945485	135.31957323	135.31957323	130.120426078	107.951113448	65.359364386
2022-12-02	141.147162769	135.565215825	135.565215825	130.342300782	108.176897685	65.443085957
2022-12-03	141.316569745	135.738199747	135.738199747	130.513814193	108.344496947	65.495531803
2022-12-04	141.42230443	135.841373347	135.841373347	130.620091787	108.467079849	65.492257484
2022-12-05	141.172201284	135.585715236	135.585715236	130.366513173	108.2552272	65.572109061
2022-12-06	141.032870932	135.455955379	135.455955379	130.285256114	108.217722305	65.675363712
2022-12-07	140.866093343	135.286352195	135.286352195	130.112832116	108.003641184	65.672735697
2022-12-08	140.803899526	135.237791278	135.237791278	130.064415364	107.991885537	65.697842712
2022-12-09	140.723731953	135.231877527	135.231877527	130.057820672	107.942264669	65.698342212
2022-12-10	140.770184144	135.282902638	135.282902638	130.103221644	107.988861069	65.698342212
2022-12-11	140.882016746	135.302297444	135.302297444	130.126008276	108.002091574	65.698342212
2022-12-12	140.576521049	135.042070377	135.042070377	129.881610924	107.869712649	65.795364654
2022-12-13	140.193127122	134.542217433	134.542217433	129.379236731	110.604134254	65.977518212
2022-12-14	139.978182141	134.380936166	134.380936166	129.22917811	110.657213963	65.967147441
2022-12-15	140.006196842	134.426715208	134.426715208	129.301658632	110.609047968	66.030168212
2022-12-16	139.544946982	133.988441543	133.988441543	128.851308187	110.390508494	66.046429818
2022-12-17	139.714783141	134.162560895	134.162560895	129.015291692	110.556755645	66.160482663
2022-12-18	139.735847866	134.189270937	134.189270937	129.040383447	110.580541599	66.155190882
2022-12-19	139.370988403	133.761971125	133.761971125	128.611117993	110.254078434	66.20334124
2022-12-20	139.120604346	133.469064318	133.469064318	128.29899467	110.222951619	66.233093212
2022-12-21	138.893918659	133.247984355	133.247984355	128.073967588	110.042670865	66.237845405
2022-12-22	138.752053897	133.131506431	133.131506431	127.967229314	109.975127991	66.23458849
2022-12-23	138.251827676	132.654590276	132.654590276	127.499122743	109.934921058	66.237795405
2022-12-24	138.299549941	132.723975082	132.723975082	127.564655895	110.065204923	66.237795405
2022-12-25	138.305821695	132.7428736	132.7428736	127.595491987	110.186995218	66.237795405
2022-12-26	138.291248341	132.731479254	132.731479254	127.594015198	110.275106398	66.240744514
2022-12-27	137.817567971	132.275691918	132.275691918	127.154363745	109.9552909	66.220423316
2022-12-28	137.836184723	132.313680826	132.313680826	127.232582853	110.192648418	66.221318672
2022-12-29	137.747949364	132.229286072	132.229286072	127.151246113	110.257268293	66.231184474
2022-12-30	137.620169517	132.101958527	132.101958527	127.039293995	110.32496061	66.223237023
2022-12-31	137.51481229	132.017417341	132.017417341	126.961366615	110.375864504	66.237201876
2023-01-01	137.613237283	132.071484655	132.071484655	127.017904858	110.43563876	66.229859346
2023-01-02	137.608281517	132.033164642	132.033164642	126.974819541	110.52905268	66.233172164
2023-01-03	137.275735095	131.670766136	131.670766136	126.612146284	109.988737946	66.23284022
2023-01-04	137.228804455	131.636328969	131.636328969	126.602410241	109.94809178	66.236484982
2023-01-05	136.934744593	131.349702846	131.349702846	126.33286002	109.536080153	66.238632792
2023-01-06	136.624985726	131.005776414	131.005776414	125.999871032	109.517764807	66.243602677
2023-01-07	136.762395375	131.141445093	131.141445093	126.091412724	109.641397407	66.247923826
2023-01-08	136.74202261	131.19889249	131.19889249	126.133027254	109.80392031	66.275348317
2023-01-09	136.494802793	130.87838893	130.87838893	125.806553542	109.44305252	66.265138847
2023-01-10	136.675152213	131.042757028	131.042757028	125.970670171	109.51252892	66.26359973
2023-01-11	136.743038174	131.086330012	131.086330012	126.026081083	109.642071381	66.265897676
2023-01-12	136.848868177	131.193927942	131.193927942	126.134787016	109.767638161	66.270292018
2023-01-13	136.598536919	130.961334809	130.961334809	125.873886974	109.289164667	66.270814051
2023-01-14	136.79058124	131.161844966	131.161844966	126.063057694	109.6105181	66.354669258
2023-01-15	136.962823258	131.330029175	131.330029175	126.225969407	109.845990874	66.37403344
2023-01-16	136.884513893	131.257780694	131.257780694	126.156672938	109.896290737	66.485923929
2023-01-17	136.427871666	130.801675139	130.801675139	125.70168086	109.631283807	66.492831604
2023-01-18	136.308214005	130.587072511	130.587072511	125.472256032	109.143968149	66.477485276
2023-01-19	136.262095794	130.539805529	130.539805529	125.427313307	109.035390399	66.476820501
2023-01-20	136.458429061	130.725502717	130.725502717	125.609103898	109.254241691	66.484133025
2023-01-21	136.739241745	130.996148856	130.996148856	125.862104021	109.632183832	66.703495301
2023-01-22	136.839569417	131.080632194	131.080632194	125.937733568	109.834762881	66.765654159
2023-01-23	136.677996733	130.88767693	130.88767693	125.742203624	109.903777278	66.847055676
2023-01-24	136.699673019	130.905630887	130.905630887	125.74822969	110.281378029	67.039191545
2023-01-25	136.994522043	131.142854687	131.142854687	125.985281595	110.317655861	67.187728354
2023-01-26	137.199831912	131.293334451	131.293334451	126.15165584	110.218201121	67.335036407
2023-01-27	137.028572659	131.111645482	131.111645482	125.980310969	110.166443667	67.517343369
2023-01-28	137.184271091	131.260148687	131.260148687	126.124604059	110.327770031	67.639905326
2023-01-29	137.138290173	131.216945815	131.216945815	126.077964788	110.353662844	67.778453765
2023-01-30	136.805208233	130.833118178	130.833118178	125.708893365	109.95920819	67.806044005
2023-01-31	136.884244702	130.905995758	130.905995758	125.794466321	109.682498943	67.798826675
2023-02-01	136.835572225	130.901264805	130.901264805	125.800725386	109.679116575	67.815863019
2023-02-02	137.107913638	131.164520322	131.164520322	126.053491235	109.951948786	68.036211442
2023-02-03	136.831463399	130.87912449	130.87912449	125.783729996	109.491081672	68.028048893
2023-02-04	136.857174959	130.899569845	130.899569845	125.797842531	109.507488947	68.071573715
2023-02-05	136.899300397	130.954436622	130.954436622	125.843621489	109.569626602	68.073000195
2023-02-06	136.775028996	130.831417785	130.831417785	125.724980786	109.51990033	68.18199016
2023-02-07	136.583220681	130.648587211	130.648587211	125.552700479	109.353522533	68.184621866
2023-02-08	136.449972402	130.485368839	130.485368839	125.385905848	109.192474796	68.178436345
2023-02-09	136.310956587	130.437334937	130.437334937	125.347792769	109.16990792	68.187940008
2023-02-10	136.316643077	130.427899611	130.427899611	125.339060888	109.17165034	68.318922892
2023-02-11	136.311119268	130.424308483	130.424308483	125.33942832	109.169829971	68.38818851
2023-02-12	136.255099318	130.371115596	130.371115596	125.28701141	109.121574296	68.412500195
2023-02-13	136.367245918	130.526241983	130.526241983	125.430705922	109.609693654	69.157627122
2023-02-14	136.223645509	130.473099519	130.473099519	125.384996312	110.03680478	69.51270964
2023-02-15	135.840096487	130.087797706	130.087797706	125.000844209	110.767191194	69.794648104
2023-02-16	135.967590466	130.123328357	130.123328357	125.030888799	111.308235728	70.153203879
2023-02-17	135.905822429	130.088057722	130.088057722	125.01642534	111.685743696	70.286590658
2023-02-18	135.924308087	130.113817337	130.113817337	125.03136024	111.775058259	70.4159051
2023-02-19	135.973165514	130.165808006	130.165808006	125.081021021	111.825160874	70.415867086
2023-02-20	135.644003108	129.816561468	129.816561468	124.72866986	111.909172467	70.436679657
2023-02-21	135.412571906	129.563924064	129.563924064	124.538746366	112.088465405	70.461120891
2023-02-22	135.150036143	129.28086563	129.28086563	124.246915137	112.243290653	70.591325939
2023-02-23	135.011663076	129.155323128	129.155323128	124.131934446	112.480606332	70.688492884
2023-02-24	135.000116187	129.001409244	129.001409244	123.977326892	112.831362877	70.791940347
2023-02-25	135.120557624	129.129044413	129.129044413	124.105636166	112.958844386	70.846363789
2023-02-26	135.042426608	129.046665078	129.046665078	124.019280369	113.03623931	70.876378483
2023-02-27	134.745114305	128.731963545	128.731963545	123.701928125	113.047983696	70.919778481
2023-02-28	134.605144084	128.530067732	128.530067732	123.506174896	112.960382721	70.968174583
2023-03-01	134.437594926	128.339015395	128.339015395	123.32669765	113.145128303	71.063250396
2023-03-02	134.610368805	128.515496085	128.515496085	123.494097804	113.80054167	71.109533437
2023-03-03	134.632836324	128.531060597	128.531060597	123.523133727	114.334638362	71.356058935
2023-03-04	134.721656259	128.611481795	128.611481795	123.595713866	114.662271815	71.438255243
2023-03-05	134.790456715	128.675884035	128.675884035	123.674331278	114.968293956	71.479265039
2023-03-06	134.586263497	128.330727484	128.330727484	123.326912124	114.869871579	71.581963508
2023-03-07	134.618798437	128.36843779	128.36843779	123.377320448	114.949498431	71.722058691
2023-03-08	134.511994504	128.324029345	128.324029345	123.34605539	114.921598944	71.725958692
2023-03-09	134.515741839	128.300959744	128.300959744	123.387528815	114.968320924	71.792276224
2023-03-10	134.160251845	127.888568042	127.888568042	122.801385384	114.388630951	72.291373373
2023-03-11	131.318209953	125.167350383	125.167350383	119.555696955	111.198317983	72.120358309
2023-03-12	134.864224136	128.218646653	128.218646653	121.893749396	113.424784579	73.283028734
2023-03-13	133.529355902	126.936150677	126.936150677	120.662292852	112.243688581	73.183773107
2023-03-14	132.401518163	125.831371576	125.831371576	119.830308191	111.475662245	73.473760305
2023-03-15	132.757724334	126.157889471	126.157889471	120.350783397	111.968287126	74.692029566
2023-03-16	132.853225213	126.25873701	126.25873701	120.68712852	112.386634825	75.614823945
2023-03-17	132.839413299	126.270017498	126.270017498	120.805490268	112.563066269	76.554536232
2023-03-18	133.221214947	126.626345531	126.626345531	121.190657336	112.898778793	76.823190941
2023-03-19	132.949094438	126.355613525	126.355613525	120.935301002	112.643422459	76.63531727
2023-03-20	133.252166912	126.705565693	126.705565693	121.29004598	113.033024218	77.694409633
2023-03-21	133.076195094	126.535985692	126.535985692	121.143671237	112.982076937	77.893564136
2023-03-22	132.904313736	126.373674361	126.373674361	121.07315933	112.943148661	78.243089847
2023-03-23	133.09035607	126.55579918	126.55579918	121.272092689	113.166326584	78.871146827
2023-03-24	133.394725907	126.832694054	126.832694054	121.568320092	113.470178326	79.568045897
2023-03-25	133.636919218	126.957064885	126.957064885	121.699518283	113.601376517	79.711413324
2023-03-26	132.777204088	126.143620266	126.143620266	120.914511549	112.864620876	79.176880832
2023-03-27	132.363110845	125.74560707	125.74560707	120.598443736	112.743207422	79.528056028
2023-03-28	131.999937275	125.386855334	125.386855334	120.268039132	112.527372036	79.593057824
2023-03-29	131.949464291	125.315963379	125.315963379	120.215221951	112.525365928	79.6335479
2023-03-30	131.956163992	125.282268598	125.282268598	120.180407661	112.533124809	79.904009619
2023-03-31	131.443992239	124.741567456	124.741567456	119.644347719	112.062085501	79.766196973
2023-04-01	131.369479492	124.656572976	124.656572976	119.557917019	111.983229489	79.766196973
2023-04-02	131.592182214	124.881654978	124.881654978	119.77236849	112.19768096	79.955101474
2023-04-03	132.148373172	124.982499013	124.982499013	119.892086367	112.463558914	80.061128106
2023-04-04	131.513660624	124.808143572	124.808143572	119.715662108	112.408699923	80.077211664
2023-04-05	131.449089616	124.726151219	124.726151219	119.642296431	112.473116428	80.180533983
2023-04-06	131.658962532	124.881115032	124.881115032	119.796046077	112.708242462	80.268223491
2023-04-07	131.668101173	124.849723778	124.849723778	119.76929228	112.674204916	80.273380845
2023-04-08	131.856329165	125.019619877	125.019619877	119.936864645	112.834689282	80.363594033
2023-04-09	131.542040753	124.715447328	124.715447328	119.646514361	112.551426997	80.203187657
2023-04-10	131.645167007	124.785356939	124.785356939	119.7292121	112.747998463	80.503925004
2023-04-11	131.588162561	124.656502677	124.656502677	119.614430607	112.701196445	80.523709558
2023-04-12	131.510903993	124.527003423	124.527003423	119.506076415	112.679516384	80.731588297
2023-04-13	131.629224279	124.572970603	124.572970603	119.562730997	112.80949519	80.999225951
2023-04-14	131.577412127	124.478659126	124.478659126	119.460411748	112.748394494	81.058254514
2023-04-15	131.468391247	124.379222608	124.379222608	119.352548944	112.64723031	80.994375051
2023-04-16	131.38896131	124.31573342	124.31573342	119.305701614	112.62751909	80.923461589
2023-04-17	131.261785943	124.203472609	124.203472609	119.321123031	112.647598314	81.133975239
2023-04-18	130.990828032	123.902660025	123.902660025	119.0423479	112.39306394	81.164195713
2023-04-19	131.030115778	123.874463327	123.874463327	119.016878935	112.380651281	81.3726897
2023-04-20	130.858521478	123.691884611	123.691884611	118.841326614	112.241024465	81.397398449
2023-04-21	129.64504529	122.511304911	122.511304911	117.712766236	111.243705996	80.620559312
2023-04-22	130.521597099	123.382419897	123.382419897	118.602441003	112.13984336	81.512950158
2023-04-23	130.555595007	123.425306666	123.425306666	118.650475589	112.187877946	81.522960158
2023-04-24	130.489114138	123.356178644	123.356178644	118.569620624	112.135196506	81.609928404
2023-04-25	130.319202968	123.258484568	123.258484568	118.473683592	112.114447827	81.566488286
2023-04-26	130.484022817	123.446406915	123.446406915	118.650123677	112.289244668	81.825900442
2023-04-27	130.287114846	123.261898307	123.261898307	118.479715768	112.174965074	81.768396221
2023-04-28	130.170039103	123.175454932	123.175454932	118.443233784	112.222438702	81.851142869
2023-04-29	130.109954682	123.116070932	123.116070932	118.383605424	112.162810342	81.779465088
2023-04-30	130.144384153	123.115839113	123.115839113	118.379562569	112.158767487	81.789475092
2023-05-01	130.476424544	122.982516078	122.982516078	118.254596088	112.081135782	81.872638699
2023-05-02	130.502276707	122.958304402	122.958304402	118.249054356	112.14059625	82.018490828
2023-05-03	130.097219614	122.78276218	122.78276218	118.097685861	112.088356629	82.057450732
2023-05-04	129.964258148	122.680764921	122.680764921	118.002065373	112.002947463	82.052222893
2023-05-05	130.463607531	123.172895297	123.172895297	118.500213433	112.511115565	82.232217802
2023-05-06	130.383577331	123.111660085	123.111660085	118.432845297	112.449730544	82.237227797
2023-05-07	130.217959868	122.939176746	122.939176746	118.254445622	112.265347754	82.058136655
2023-05-08	130.303607653	123.044715559	123.044715559	118.357873117	112.475682185	82.407679458
2023-05-09	130.432652989	123.209895778	123.209895778	118.514069847	112.690210519	82.630992515
2023-05-10	130.281625431	123.071073635	123.071073635	118.376831558	112.596925999	82.681713715
2023-05-11	130.202781806	123.011910783	123.011910783	118.33271873	112.60306063	82.795872918
2023-05-12	130.24385456	123.069189974	123.069189974	118.400202126	112.774451828	82.949452973
2023-05-13	130.215618723	123.038836019	123.038836019	118.36556128	112.727995184	82.866669088
2023-05-14	130.21103232	123.043091235	123.043091235	118.375571546	112.73800545	82.887081554
2023-05-15	130.121957644	122.880429436	122.880429436	118.212264262	112.629753165	82.892086547
2023-05-16	129.94393256	122.700515715	122.700515715	118.031849013	112.45984484	82.914914794
2023-05-17	129.676373451	122.441926406	122.441926406	117.77420747	112.211856917	82.840018135
2023-05-18	129.800894222	122.589005608	122.589005608	117.915733044	112.353627235	82.843573932
2023-05-19	129.67410053	122.494565616	122.494565616	117.83000142	112.312782573	82.8957283
2023-05-20	129.799990768	122.606918608	122.606918608	117.95885222	112.436033312	82.983629023
2023-05-21	129.693936205	122.500071614	122.500071614	117.836633456	112.313814548	82.905728289
2023-05-22	129.579106942	122.385010636	122.385010636	117.725175573	112.246816032	82.949208885
2023-05-23	129.507785057	122.308569313	122.308569313	117.672677515	112.255829837	83.096587524
2023-05-24	129.107985308	121.935788625	121.935788625	117.312207163	111.974330186	83.049248
2023-05-25	129.085613147	121.89241954	121.89241954	117.27026438	111.949428275	83.047999631
2023-05-26	129.077334186	121.880742699	121.880742699	117.262857598	111.970203769	83.098239535
2023-05-27	129.110125639	121.900484595	121.900484595	117.278186	111.986495615	83.08503992
2023-05-28	129.160273813	121.949865352	121.949865352	117.326001285	112.021764952	83.186342769
2023-05-29	129.143422131	121.885384366	121.885384366	117.263677364	111.970705916	83.078793317
2023-05-30	129.099178767	121.842446787	121.842446787	117.217975208	111.949170358	83.135276538
2023-05-31	129.047656452	121.781193287	121.781193287	117.156710785	111.943572852	83.281686114
2023-06-01	128.976153606	121.71292006	121.71292006	117.111479513	111.931811293	83.222845215
2023-06-02	129.010575712	121.739158099	121.739158099	117.147975249	111.98154046	83.211773718
2023-06-03	128.924988749	121.657089393	121.657089393	117.067590607	111.900556442	83.133645068
2023-06-04	128.967174099	121.703983893	121.703983893	117.110095324	111.937894125	83.13864506
2023-06-05	128.830153986	121.581706267	121.581706267	116.998862774	111.886112235	83.195143057
2023-06-06	128.688410433	121.412146159	121.412146159	116.842674342	111.830457196	83.264482931
2023-06-07	128.560682769	121.265077302	121.265077302	116.697020986	111.777946166	83.360868858
2023-06-08	128.480913386	121.168693004	121.168693004	116.616499606	111.738966236	83.464345326
2023-06-09	127.990121555	120.790533368	120.790533368	116.248396087	111.450316874	83.329997419
2023-06-10	128.124119523	120.943416575	120.943416575	116.399465965	111.602149646	83.427007721
2023-06-11	128.181957662	121.012675597	121.012675597	116.466083015	111.663205723	83.432012721
2023-06-12	127.89565891	120.738149538	120.738149538	116.221942801	111.573605271	83.462067412
2023-06-13	127.757914112	120.619654091	120.619654091	116.123295227	111.520124299	83.505217924
2023-06-14	127.534146018	120.431055063	120.431055063	115.951136829	111.427804462	83.539459054
2023-06-15	128.335863429	120.149387641	120.149387641	115.761883957	111.408105348	83.411982191
2023-06-16	128.525491884	120.338888504	120.338888504	115.940780258	111.627410307	83.491500891
2023-06-17	128.188154676	119.99834182	119.99834182	115.583240006	111.272910981	83.138397964
2023-06-18	128.185069201	119.993977071	119.993977071	115.568211663	111.254841712	83.124427752
2023-06-19	128.299605631	120.036075569	120.036075569	115.619559641	111.30618969	83.123427433
2023-06-20	128.849875337	120.574019407	120.574019407	116.123668284	111.819990367	83.41643593
2023-06-21	128.387921183	120.083348081	120.083348081	115.65867298	111.372033792	83.13915298
2023-06-22	128.370337139	119.994737621	119.994737621	115.550790459	111.285366531	83.120533427
2023-06-23	128.444426311	120.049637366	120.049637366	115.59728926	111.330922417	83.126689056
2023-06-24	128.736713844	120.323545706	120.323545706	115.869071433	111.606966695	83.355547655
2023-06-25	128.503152743	120.107455665	120.107455665	115.663311899	111.392682952	83.168628702
2023-06-26	128.454473221	120.035213558	120.035213558	115.600711398	111.370012218	83.214509943
2023-06-27	128.510297703	120.084880609	120.084880609	115.670385961	111.451733574	83.472308355
2023-06-28	128.004193184	119.69653797	119.69653797	115.300778666	111.113175237	83.218925627
2023-06-29	127.949413877	119.587642682	119.587642682	115.20877621	111.05589185	83.343774906
2023-06-30	127.350404897	118.97239444	118.97239444	114.631365313	110.480917345	83.320859006
2023-07-01	127.321121781	118.943043548	118.943043548	114.601628925	110.451977843	83.30377823
2023-07-02	127.364310897	118.979517699	118.979517699	114.641107303	110.491921071	83.307610989
2023-07-03	127.547169962	119.234017668	119.234017668	114.904281524	110.756267351	83.331873579
2023-07-04	127.666130307	119.307642742	119.307642742	114.973673846	110.829940291	83.333734068
2023-07-05	127.495347568	119.149754729	119.149754729	114.832496949	110.711345753	83.295588022
2023-07-06	127.097749567	118.922125799	118.922125799	114.616184625	110.533552428	83.286152715
2023-07-07	127.096140719	119.001613506	119.001613506	114.694571425	110.627303434	83.421106762
2023-07-08	127.055397342	118.903548164	118.903548164	114.604176531	110.542060683	83.337768983
2023-07-09	126.942796546	118.804327167	118.804327167	114.513317429	110.463582166	83.266954932
2023-07-10	126.856026615	118.746660374	118.746660374	114.461322735	110.413214779	83.307041104
2023-07-11	126.701761656	118.691650008	118.691650008	114.399907601	110.386418895	83.352634014
2023-07-12	126.574657416	118.63367557	118.63367557	114.350703919	110.340845564	83.357216574
2023-07-13	126.845011192	118.928867597	118.928867597	114.642252751	110.652454369	83.496653252
2023-07-14	126.848157469	118.958984169	118.958984169	114.67855831	110.691991909	83.676595996
2023-07-15	126.89481718	118.993898534	118.993898534	114.711563219	110.724996818	83.701143467
2023-07-16	126.813410537	118.918846947	118.918846947	114.638253797	110.64770083	83.62852593
2023-07-17	126.644820934	118.75903229	118.75903229	114.491317211	110.545873445	83.729629319
2023-07-18	126.588655238	118.738709106	118.738709106	114.472080827	110.557931418	83.784430445
2023-07-19	126.310278068	118.517529275	118.517529275	114.259999301	110.362594831	83.730306939
2023-07-20	126.266997814	118.504087644	118.504087644	114.252983289	110.380716345	83.798446907
2023-07-21	126.115586871	118.408602237	118.408602237	114.174264517	110.305230355	83.775338994
2023-07-22	126.112988442	118.48992354	118.48992354	114.258804091	110.391085401	83.864119328
2023-07-23	126.01564389	118.403433136	118.403433136	114.170999187	110.298095991	83.780338989
2023-07-24	125.815985079	118.213194928	118.213194928	114.012659122	110.174927214	83.776962706
2023-07-25	125.72183899	118.116144541	118.116144541	113.922896434	110.111177187	83.789146039
2023-07-26	125.69178173	118.07931364	118.07931364	113.89356914	110.112030953	83.878723305
2023-07-27	125.538566724	117.970601093	117.970601093	113.795165525	110.048128245	83.79615553
2023-07-28	125.377908053	117.897383598	117.897383598	113.743849228	110.028019366	83.803836403
2023-07-29	125.618941211	117.885515995	117.885515995	113.737273773	110.02621027	83.774337453
2023-07-30	125.49801345	117.928077056	117.928077056	113.774477788	110.058647926	83.797285742
2023-07-31	125.431131427	117.908930618	117.908930618	113.737087281	110.062087754	83.866668319
2023-08-01	125.216232393	117.624773214	117.624773214	113.509550926	109.872163107	83.857171498
2023-08-02	125.036973073	117.374601582	117.374601582	113.294215108	109.746062123	83.855454636
2023-08-03	124.783256553	117.160770417	117.160770417	113.107326017	109.600376184	83.835156582
2023-08-04	124.533461154	116.895926201	116.895926201	112.862031292	109.430984115	83.742625107
2023-08-05	124.565664167	116.926224025	116.926224025	112.893352014	109.468832113	83.792031429
2023-08-06	124.517516828	116.860970967	116.860970967	112.830206383	109.408789118	83.734320818
2023-08-07	124.38192139	116.683217423	116.683217423	112.659529152	109.259057264	83.452899346
2023-08-08	124.603832013	116.88710968	116.88710968	112.84009694	109.4340608	83.47765237
2023-08-09	124.521207326	116.780335808	116.780335808	112.733790556	109.334552891	83.389373846
2023-08-10	124.264601593	116.557285652	116.557285652	112.552757729	109.166703676	83.359474018
2023-08-11	124.162846309	116.450991012	116.450991012	112.483104117	109.10430195	83.321948337
2023-08-12	124.272282031	116.551842325	116.551842325	112.544700087	109.165813444	83.342878723
2023-08-13	124.307031518	116.593465548	116.593465548	112.600320693	109.222359899	83.343295663
2023-08-14	123.858677465	116.314050061	116.314050061	112.349839481	108.986066281	83.328343478
2023-08-15	123.561163213	116.048004024	116.048004024	112.120691234	108.776166439	83.082121071
2023-08-16	123.248633842	115.758952984	115.758952984	111.83884279	108.525415011	82.820995155
2023-08-17	123.223498135	115.753608653	115.753608653	111.820184513	108.524291146	82.740286529
2023-08-18	122.873744244	115.400956664	115.400956664	111.469884962	108.219938084	82.788657219
2023-08-19	123.09157632	115.596069916	115.596069916	111.667711819	108.417764941	82.747742356
2023-08-20	123.211176998	115.715608363	115.715608363	111.746281507	108.498278097	82.823608782
2023-08-21	124.270540214	116.773603347	116.773603347	111.691520148	108.472545128	82.826097691
2023-08-22	124.164389885	116.674763182	116.674763182	111.592999053	108.391862349	82.815209561
2023-08-23	124.207008438	116.768234025	116.768234025	111.705250347	108.505112402	82.798717222
2023-08-24	124.27038869	116.669576224	116.669576224	111.560837789	108.382737939	82.826258267
2023-08-25	124.314663738	116.703547144	116.703547144	111.598997607	108.445933145	82.810006505
2023-08-26	124.327622804	116.716402285	116.716402285	111.582023896	108.429653108	82.751198109
2023-08-27	124.439856785	116.817242209	116.817242209	111.667598538	108.514534076	82.773976009
2023-08-28	124.497883649	116.791060896	116.791060896	111.636427991	108.51512025	82.781936003
2023-08-29	124.936668426	116.983110878	116.983110878	111.789455448	108.677396404	82.836705499
2023-08-30	125.062362536	116.927088507	116.927088507	111.726725608	108.649696421	82.826068346
2023-08-31	125.073563442	116.85588753	116.85588753	111.643999831	108.662885928	82.765281894
2023-09-01	125.065988391	116.850026401	116.850026401	111.643447332	108.744781818	82.861296695
2023-09-02	125.059488534	116.840513545	116.840513545	111.619980981	108.74796666	82.877292012
2023-09-03	125.095556582	116.88144379	116.88144379	111.645936727	108.793885503	82.877292012
2023-09-04	124.836924004	116.663431206	116.663431206	111.441608654	108.591488269	82.848493517
2023-09-05	124.379013257	116.441677095	116.441677095	111.223210767	108.471387805	82.879652237
2023-09-06	124.19334137	116.378507589	116.378507589	111.131651688	108.445466672	82.865513708
2023-09-07	123.96881476	116.138222508	116.138222508	110.897424219	108.267115263	82.821764818
2023-09-08	124.095218886	116.363545302	116.363545302	111.109745222	108.511330081	82.961584342
2023-09-09	124.16603766	116.419313828	116.419313828	111.158871685	108.561772808	82.981419758
2023-09-10	124.335305716	116.600626658	116.600626658	111.305301783	108.716586745	83.076364174
2023-09-11	124.098530332	116.386906207	116.386906207	111.086618889	108.540609801	82.977303932
2023-09-12	124.245729394	116.546928152	116.546928152	111.23902641	108.702269812	83.001549694
2023-09-13	124.261395024	116.566173546	116.566173546	111.238030237	108.715971191	83.006535445
2023-09-14	124.231625842	116.547067525	116.547067525	111.192333746	108.687516696	83.019048237
2023-09-15	124.104705779	116.471321234	116.471321234	111.100650385	108.608294563	83.019048236
2023-09-16	124.204002705	116.567241187	116.567241187	111.17573086	108.68137706	83.019048236
2023-09-17	124.227985449	116.589941137	116.589941137	111.166522839	108.669674685	83.019048236
2023-09-18	124.170087978	116.538225465	116.538225465	111.12917231	108.655796623	83.041508687
2023-09-19	124.285362711	116.656508711	116.656508711	111.24475556	108.783567193	83.222641103
2023-09-20	124.271719841	116.493426802	116.493426802	111.072661137	108.632758514	83.1602403
2023-09-21	124.197733012	116.181554283	116.181554283	110.759207348	108.353788251	83.076676547
2023-09-22	124.280307908	116.256064985	116.256064985	110.818185402	108.431125984	83.178483701
2023-09-23	124.293401225	116.277585036	116.277585036	110.822747138	108.438072395	83.18086647
2023-09-24	124.338400218	116.322842436	116.322842436	110.859759801	108.478492758	83.18086647
2023-09-25	124.118774083	116.109114518	116.109114518	110.649082223	108.302097358	83.185008082
2023-09-26	124.011204284	116.037350421	116.037350421	110.582485235	108.27466714	83.202933855
2023-09-27	123.935900224	115.949057564	115.949057564	110.489739637	108.213805743	83.248340765
2023-09-28	124.124269468	116.12772737	116.12772737	110.651729365	108.383158404	83.253698407
2023-09-29	123.72942465	115.623949242	115.623949242	110.140194227	107.877655707	83.160754105
2023-09-30	123.844472307	115.746796244	115.746796244	110.268390508	108.005851988	83.232172676
2023-10-01	123.875404031	115.774608413	115.774608413	110.283777925	108.021298231	83.220106101
2023-10-02	124.048249252	116.009738641	116.009738641	110.519130473	108.256591953	83.317986709
2023-10-03	123.895387509	115.857905572	115.857905572	110.387323838	108.138853152	83.342217736
2023-10-04	123.761585953	115.751364182	115.751364182	110.284087157	108.042350855	83.344022138
2023-10-05	123.958717857	115.907736752	115.907736752	110.436732949	108.201683186	83.46304986
2023-10-06	124.215765249	116.204454965	116.204454965	110.729950727	108.508680757	83.496479909
2023-10-07	124.204323858	116.170451032	116.170451032	110.683935712	108.467099415	83.451566842
2023-10-08	124.26891101	116.244538799	116.244538799	110.75715756	108.540321263	83.535018409
2023-10-09	124.317587319	116.299405811	116.299405811	110.787325109	108.579673432	83.555541131
2023-10-10	124.024079419	115.998596762	115.998596762	110.500664913	108.352917211	83.475174845
2023-10-11	123.790512679	115.828305345	115.828305345	110.346730465	108.198982763	83.489452588
2023-10-12	123.575839789	115.639020509	115.639020509	110.190212856	108.049311502	83.444883298
2023-10-13	123.573905369	115.641510973	115.641510973	110.185001316	108.058309102	83.493443404
2023-10-14	123.62657047	115.70281932	115.70281932	110.229250913	108.102558699	83.501125784
2023-10-15	123.695412477	115.777900263	115.777900263	110.298127797	108.171435583	83.503204953
2023-10-16	123.759227539	115.820789313	115.820789313	110.354033977	108.243120847	83.502236079
2023-10-17	123.961469176	116.006641501	116.006641501	110.52808644	108.415062397	83.658558996
2023-10-18	124.180955987	116.222339996	116.222339996	110.742671746	108.637505262	83.875799695
2023-10-19	124.774805929	116.376182445	116.376182445	110.86200408	108.767633933	83.902581464
2023-10-20	124.674440293	116.764266629	116.764266629	111.225782307	109.126383906	84.214389454
2023-10-21	124.647328724	116.719964602	116.719964602	111.169205743	109.067710041	84.131359672
2023-10-22	124.629743181	116.682106679	116.682106679	111.135196293	109.042387612	84.142359672
2023-10-23	124.905497627	116.934444854	116.934444854	111.418050401	109.320749301	84.432650361
2023-10-24	124.14506368	116.201676563	116.201676563	110.721946485	108.643093636	84.180828367
2023-10-25	124.553202347	116.593584356	116.593584356	111.116335101	109.033264085	84.453054592
2023-10-26	124.547184186	116.594802637	116.594802637	111.102184673	109.036959564	84.487655718
2023-10-27	124.274528262	116.424502498	116.424502498	110.955836979	108.895978979	84.515238111
2023-10-28	124.2875711	116.428159545	116.428159545	110.991091038	108.929175238	84.515238111
2023-10-29	124.409777584	116.551398402	116.551398402	111.118223445	109.056307645	84.599753349
2023-10-30	124.211358409	116.348365635	116.348365635	111.00554448	108.977831709	84.649163106
2023-10-31	124.105790272	116.227820478	116.227820478	110.942514134	108.935197179	84.767046575
2023-11-01	124.372913284	116.456215273	116.456215273	111.119646535	109.119668614	84.934312447
2023-11-02	124.259323733	116.248867182	116.248867182	110.928416015	108.981007765	85.137597197
2023-11-03	124.637007504	116.539956039	116.539956039	111.210425351	109.310503797	85.415214029
2023-11-04	124.790350758	116.65404889	116.65404889	111.309653685	109.407832209	85.425224028
2023-11-05	124.855819032	116.70603617	116.70603617	111.35651006	109.456588506	85.453352126
2023-11-06	124.897513828	116.743250849	116.743250849	111.422309749	109.527515847	85.71210969
2023-11-07	125.23722203	117.080730218	117.080730218	111.771180098	109.885545556	86.14526707
2023-11-08	125.190746234	117.025586914	117.025586914	111.742519652	109.854676166	86.236089163
2023-11-09	125.321352883	117.137319378	117.137319378	111.86285931	109.976877379	86.489374731
2023-11-10	125.609441132	117.398237319	117.398237319	112.142306698	110.256517167	86.738442408
2023-11-11	125.66750792	117.483408023	117.483408023	112.206628395	110.328741848	86.757241924
2023-11-12	125.680281769	117.478479945	117.478479945	112.217727678	110.337495336	86.754712796
2023-11-13	125.840882572	117.647052437	117.647052437	112.393491086	110.533056909	87.136449207
2023-11-14	125.695755556	117.507514414	117.507514414	112.281469539	110.430545881	87.258995824
2023-11-15	126.025380275	117.849331075	117.849331075	112.636902641	110.791305265	87.364348945
2023-11-16	126.35775738	118.175665998	118.175665998	112.9630927	111.120113143	87.589526057
2023-11-17	126.542776016	118.401175852	118.401175852	113.207027161	111.39912029	87.650408687
2023-11-18	126.705813466	118.539001924	118.539001924	113.334595348	111.523769154	87.753374396
2023-11-19	126.693914701	118.52470285	118.52470285	113.294661847	111.490516042	87.688283686
2023-11-20	127.160668937	118.990710892	118.990710892	113.767384474	111.964907852	88.08721378
2023-11-21	127.247686756	119.093277882	119.093277882	113.85176664	112.069824354	88.369058838
2023-11-22	127.273467054	119.153562485	119.153562485	113.929060944	112.177872015	88.43882771
2023-11-23	127.262972962	119.233253298	119.233253298	113.998996921	112.241358636	88.486990065
2023-11-24	127.894127889	119.784904711	119.784904711	114.518382893	112.774999399	88.772134256
2023-11-25	127.874305462	119.775080816	119.775080816	114.495760909	112.752347777	88.789651756
2023-11-26	127.843782531	119.724406576	119.724406576	114.445416611	112.700260066	88.755950804
2023-11-27	127.681639432	119.578820641	119.578820641	114.311349007	112.601805354	88.89722419
2023-11-28	127.977865431	119.944741687	119.944741687	114.670874188	112.976887974	89.140885871
2023-11-29	128.056728956	120.08316264	120.08316264	114.819327721	113.129018281	89.343105329
2023-11-30	128.155828797	120.071659325	120.071659325	114.79403024	113.125038983	89.317080453
2023-12-01	128.317718221	120.235012716	120.235012716	114.966551318	113.305611766	89.499174101
2023-12-02	128.382911818	120.303558057	120.303558057	115.048222793	113.392041553	89.569124098
2023-12-03	128.502862549	120.420255689	120.420255689	115.139113327	113.483864517	89.709343821
2023-12-04	128.315957094	120.321751536	120.321751536	115.038674127	113.41475309	89.771965681
2023-12-05	128.599491375	120.489480699	120.489480699	115.209716803	113.607493833	90.095805311
2023-12-06	128.628052558	120.506159817	120.506159817	115.188628979	113.605019697	90.040209002
2023-12-07	128.624308631	120.711575901	120.711575901	115.393250004	113.851786063	90.228000442
2023-12-08	128.8112657	120.907093791	120.907093791	115.565668001	114.056553361	90.307767897
2023-12-09	129.135696622	121.226123078	121.226123078	115.87151126	114.362334732	90.561569096
2023-12-10	129.102896237	121.176601406	121.176601406	115.810389907	114.301815654	90.501094898
2023-12-11	128.904722207	121.040948044	121.040948044	115.717921126	114.240336818	90.788011889
2023-12-12	128.26494926	120.480402146	120.480402146	115.262676856	113.793878976	90.528056603
2023-12-13	128.731338879	120.586703633	120.586703633	115.39629124	114.131167958	90.565337799
2023-12-14	128.994416867	120.874291162	120.874291162	115.68474027	114.424850279	90.750575813
2023-12-15	129.249669697	120.83951815	120.83951815	115.663173207	114.478397895	90.757848534
2023-12-16	129.406381962	120.980979337	120.980979337	115.770541393	114.577518163	90.814015237
2023-12-17	129.361686946	120.97546247	120.97546247	115.762420301	114.555641273	90.789021963
2023-12-18	129.345201565	120.990438112	120.990438112	115.768674657	114.570640844	90.706337371
2023-12-19	129.796766746	121.22412961	121.22412961	116.001838046	114.981826244	90.852195037
2023-12-20	130.145297337	121.475735878	121.475735878	116.250393191	115.229403376	90.9974784
2023-12-21	130.129871753	121.445233415	121.445233415	116.221122874	115.20521261	91.042674797
2023-12-22	130.477018428	121.831343688	121.831343688	116.592055499	115.57561952	91.166134358
2023-12-23	130.645186586	122.059032301	122.059032301	116.79019832	115.774777762	91.324167292
2023-12-24	130.584287933	121.974237029	121.974237029	116.712882803	115.695431404	91.276455285
2023-12-25	130.545234685	121.931695697	121.931695697	116.688303609	115.67186763	91.2980652
2023-12-26	130.233952198	121.622980432	121.622980432	116.398028324	115.378943548	91.31553413
2023-12-27	130.692966368	122.036859689	122.036859689	116.81086756	115.789832011	91.518442108
2023-12-28	130.510686639	121.900950672	121.900950672	116.705965938	115.694391445	91.497677422
2023-12-29	130.60420526	122.073158502	122.073158502	116.874396363	115.85538869	91.7433801
2023-12-30	130.505804509	121.976238066	121.976238066	116.794596252	115.783439501	91.768770464
2023-12-31	130.240812213	121.709678441	121.709678441	116.545378143	115.529412284	91.665918562
2024-01-01	130.764210131	122.194484506	122.194484506	116.998418874	115.979411201	91.957173752
2024-01-02	130.897471903	122.345297504	122.345297504	117.132685318	116.122627619	92.020117112
2024-01-03	131.435487191	122.802131698	122.802131698	117.579683182	116.566269358	92.356526357
2024-01-04	132.123794441	123.456818108	123.456818108	118.22870832	117.2262925	92.873224702
2024-01-05	132.545954666	124.012924414	124.012924414	118.811930313	117.864990056	93.320401318
2024-01-06	132.923230481	124.352389386	124.352389386	119.153511194	118.22421002	93.621529319
2024-01-07	132.851128004	124.324080928	124.324080928	119.12990741	118.197821118	93.58514532
2024-01-08	133.131957386	124.543779142	124.543779142	119.319990709	118.5443384	94.057456783
2024-01-09	133.109007401	124.404734724	124.404734724	119.17412042	118.54889436	94.228636696
2024-01-10	133.571694511	124.942498751	124.942498751	119.711057757	119.082680166	94.685834131
2024-01-11	133.893931514	125.188600055	125.188600055	119.951430788	119.376828342	94.980329573
2024-01-12	133.805791908	125.129405679	125.129405679	119.951430788	119.392313106	94.942211254
2024-01-13	133.885949831	125.20177758	125.20177758	120.02631199	119.489837749	94.959118221
2024-01-14	134.049042223	125.325316929	125.325316929	120.182241762	119.646524306	95.077941897
2024-01-15	133.731640325	125.22303197	125.22303197	120.084487297	119.559425356	95.014535787
2024-01-16	133.701902644	125.147235143	125.147235143	120.013961534	119.597631188	95.068943281
2024-01-17	133.73339537	125.128735823	125.128735823	120.002417288	119.797713726	95.040194578
2024-01-18	133.078394717	124.857034154	124.857034154	119.747077943	119.59658909	94.924423335
2024-01-19	133.208540611	124.7716459	124.7716459	119.663251875	119.563621673	94.907011924
2024-01-20	133.296761311	124.814583993	124.814583993	119.707275801	119.607645599	94.845722752
2024-01-21	133.318030757	124.774031461	124.774031461	119.67521972	119.575788381	94.791054938
2024-01-22	133.484988727	124.772410921	124.772410921	119.688531664	119.589338562	94.865026114
2024-01-23	134.278004742	125.629110265	125.629110265	120.519769657	120.420139455	95.65950814
2024-01-24	134.116165164	125.547552529	125.547552529	120.425733871	120.326302532	95.512228464
2024-01-25	134.306652448	125.775508043	125.775508043	120.624632744	120.525231632	95.543581705
2024-01-26	134.529625215	126.26945261	126.26945261	121.106556408	121.007240608	95.967218711
2024-01-27	134.602164937	126.323624656	126.323624656	121.170666956	121.071373926	95.969099987
2024-01-28	134.663351874	126.366873513	126.366873513	121.213125855	121.113694516	96.01970404
2024-01-29	134.98619785	126.688778395	126.688778395	121.539565851	121.44003508	96.040095474
2024-01-30	134.798132805	126.702651668	126.702651668	121.817098834	121.71789738	96.140512112
2024-01-31	134.835047103	126.71851383	126.71851383	121.89960671	121.800494545	96.000234428
2024-02-01	135.206405153	127.057947929	127.057947929	122.237556348	122.137826714	96.305147414
2024-02-02	135.180577646	127.018266057	127.018266057	122.199658708	122.100264357	96.202494292
2024-02-03	135.138461702	126.997517405	126.997517405	122.180270817	122.08100334	96.135237584
2024-02-04	135.215177703	127.065606835	127.065606835	122.249518364	122.150269481	96.181869124
2024-02-05	135.059746571	126.921098419	126.921098419	122.124605249	122.025316693	96.064849275
2024-02-06	135.401973957	127.266300799	127.266300799	122.450533947	122.351253445	96.080918392
2024-02-07	135.722088234	127.626891142	127.626891142	122.810159205	122.710628434	96.269428997
2024-02-08	136.017410386	127.791727095	127.791727095	122.987353525	122.902588527	96.289571761
2024-02-09	136.242169144	127.902763705	127.902763705	123.082571647	122.997975672	96.208378383
2024-02-10	136.511425722	128.174087987	128.174087987	123.336687396	123.252175932	96.425207261
2024-02-11	136.741790609	128.33057791	128.33057791	123.474322618	123.389135062	96.55872064
2024-02-12	136.332343365	128.199333795	128.199333795	123.379949298	123.295015277	96.637770433
2024-02-13	136.519393935	128.368498932	128.368498932	123.561167967	123.476784876	96.787758381
2024-02-14	137.476634428	129.261603423	129.261603423	124.440882235	124.355610168	97.336247917
2024-02-15	137.315800796	129.142585435	129.142585435	124.314786031	124.230021033	97.304868931
2024-02-16	137.672034615	129.486978199	129.486978199	124.665094634	124.580329636	97.634647604
2024-02-17	137.866600069	129.661334332	129.661334332	124.819547411	124.734697901	97.742174104
2024-02-18	137.759935117	129.52093238	129.52093238	124.67214577	124.587380772	97.664260351
2024-02-19	137.762241669	129.502926396	129.502926396	124.607093726	124.522582262	97.666842
2024-02-20	137.86246806	129.549354328	129.549354328	124.691263597	124.606752133	97.787711855
2024-02-21	137.890849996	129.498608305	129.498608305	124.646499094	124.561903119	97.712632144
2024-02-22	138.253178396	129.549464948	129.549464948	124.716175211	124.631325701	97.751167575
2024-02-23	138.901294813	129.803674803	129.803674803	124.950777437	124.865927927	97.89785776
2024-02-24	138.659774954	129.75022465	129.75022465	124.893036623	124.808440648	97.836769496
2024-02-25	138.773613301	129.848311602	129.848311602	124.976406862	124.891726375	97.888948753
2024-02-26	139.237564271	130.260814284	130.260814284	125.369464867	125.284868892	98.076466747
2024-02-27	139.808245417	130.588972028	130.588972028	125.686093908	125.60132891	98.37806019
2024-02-28	140.280317248	130.938846502	130.938846502	126.027216937	125.942914893	98.654376826
2024-02-29	140.788851881	131.516320381	131.516320381	126.585093306	126.500243796	98.932984696
2024-03-01	141.184515215	132.008110126	132.008110126	127.058785581	126.973936071	99.272633719
2024-03-02	141.277442792	132.057319138	132.057319138	127.139971301	127.055462964	99.422260259
2024-03-03	141.665074045	132.406013859	132.406013859	127.468677804	127.383997317	99.724901849
2024-03-04	141.771425584	132.653592864	132.653592864	127.777616637	127.693257463	100.238894972
2024-03-05	142.022880757	132.795197853	132.795197853	128.080315309	127.995840354	100.534835759
2024-03-06	142.252782325	133.131391301	133.131391301	128.35028322	128.265827787	100.622511924
2024-03-07	142.773672976	133.595064821	133.595064821	129.211047794	129.126029261	101.241417082
2024-03-08	144.06016247	134.655233464	134.655233464	130.313267773	130.228333752	101.7896287
2024-03-09	144.352536081	134.915551672	134.915551672	130.575528453	130.490340897	102.016381296
2024-03-10	144.493610337	135.157223505	135.157223505	130.647397302	130.562040723	102.012255784
2024-03-11	145.233946695	135.890985303	135.890985303	131.386918567	131.300632362	102.367141199
2024-03-12	145.472284633	136.279736168	136.279736168	131.778750379	131.692633197	102.759639775
2024-03-13	146.481039258	137.095191708	137.095191708	132.572146995	132.484170561	103.227274219
2024-03-14	146.75146168	137.20349646	137.20349646	132.664603107	132.577725322	103.463082823
2024-03-15	146.505734036	137.562009847	137.562009847	132.949346479	132.862130648	103.514693506
2024-03-16	146.636531278	137.705546421	137.705546421	133.046686343	132.961583299	103.506480428
2024-03-17	146.301698123	137.375415809	137.375415809	132.760015805	132.675837232	103.368853847
2024-03-18	147.135657234	138.042518947	138.042518947	133.368374204	133.283778229	103.656755951
2024-03-19	147.390769327	138.669603668	138.669603668	134.031625467	133.947213051	104.078947607
2024-03-20	146.877641067	138.421359269	138.421359269	133.827793164	133.743419792	103.892152366
2024-03-21	147.673160807	139.181901491	139.181901491	134.556840405	134.472075407	104.14615265
2024-03-22	147.765961931	139.257764655	139.257764655	134.555981356	134.471385381	103.950511982
2024-03-23	148.101350642	139.540222173	139.540222173	134.763835972	134.679155485	104.101505605
2024-03-24	147.928891726	139.316293817	139.316293817	134.493868592	134.409424653	103.871776944
2024-03-25	149.263410536	140.605196541	140.605196541	135.881935938	135.797500027	104.231823342
2024-03-26	149.554403779	140.834727969	140.834727969	136.08030439	135.995539392	104.350179944
2024-03-27	149.52032896	140.86411427	140.86411427	136.106555864	136.021706354	104.542722577
2024-03-28	149.769448429	141.086037513	141.086037513	136.335507229	136.250826742	104.488442732
2024-03-29	149.96369375	141.191645942	141.191645942	136.365593881	136.280828883	104.467632908
2024-03-30	150.199662914	141.392145127	141.392145127	136.567729302	136.482541746	104.593960679
2024-03-31	149.940240335	141.135677007	141.135677007	136.306976885	136.221704818	104.430769909
2024-04-01	150.360614355	141.514613771	141.514613771	136.619211367	136.534699903	104.58388762
2024-04-02	151.007427989	142.225261885	142.225261885	137.330828241	137.260316777	105.162325065
2024-04-03	152.385427281	143.400252943	143.400252943	138.533083026	138.462360028	106.235038539
2024-04-04	153.264993391	143.879129558	143.879129558	138.94845796	138.877734962	106.577367562
2024-04-05	154.26821477	144.212416163	144.212416163	139.230954509	139.159949465	106.897421348
2024-04-06	154.39691888	144.224288412	144.224288412	139.178634383	139.10769985	106.876390717
2024-04-07	154.171180859	144.082036438	144.082036438	139.06109814	138.990516165	106.81337116
2024-04-08	154.196912784	143.678398884	143.678398884	138.884649132	138.813996645	106.940561216
2024-04-09	153.986018203	143.539559143	143.539559143	138.794283809	138.723631322	107.111455988
2024-04-10	153.694177288	143.565095956	143.565095956	138.773291823	138.702804051	107.193158226
2024-04-11	154.283987336	143.791477739	143.791477739	138.982855022	138.912379166	107.384743432
2024-04-12	154.475413045	143.633351757	143.633351757	138.758157552	138.68774149	107.437724782
2024-04-13	155.079646631	144.335660079	144.335660079	139.268912279	139.198259792	107.634212916
2024-04-14	155.11154846	144.343363572	144.343363572	139.331121229	139.260867414	107.695174387
2024-04-15	155.654934259	144.845529229	144.845529229	139.922894131	139.852100621	108.172906462
2024-04-16	156.652403703	145.887656586	145.887656586	140.852236726	140.781753114	108.850326877
2024-04-17	154.360779384	143.871186818	143.871186818	138.92978922	138.859136733	109.03705796
2024-04-18	157.591371873	147.112697061	147.112697061	142.124084793	142.053502818	109.626703875
2024-04-19	156.26471186	145.873449989	145.873449989	140.841552049	140.770899562	109.818107184
2024-04-20	156.374908053	145.987500425	145.987500425	140.902871947	140.832408854	109.834873894
2024-04-21	158.548501808	148.202781188	148.202781188	143.095817705	143.025024195	109.770538268
2024-04-22	158.999729545	148.528608802	148.528608802	143.360838392	143.289974371	110.176193831
2024-04-23	159.034368878	148.343307236	148.343307236	143.164789486	143.093995976	110.322541426
2024-04-24	159.553800925	148.356036547	148.356036547	143.203171802	143.132378292	110.356203973
2024-04-25	159.597238487	148.365986455	148.365986455	143.218037543	143.147385056	110.338434563
2024-04-26	159.387086984	148.172982912	148.172982912	143.026605624	142.956189351	110.235570648
2024-04-27	159.561950268	148.325233086	148.325233086	143.098298323	143.027840518	110.245517579
2024-04-28	159.553994536	148.329717942	148.329717942	143.116348447	143.045997608	110.265964617
2024-04-29	159.277047533	148.156692208	148.156692208	142.964187432	142.893676744	110.324811294
2024-04-30	159.433511572	148.387462696	148.387462696	143.216793117	143.146437695	110.376575387
2024-05-01	159.066202897	148.035441813	148.035441813	142.90586833	142.835501697	110.209255303
2024-05-02	159.145646084	148.332915257	148.332915257	143.145817763	143.07569524	110.314646299
2024-05-03	159.774191258	149.023504309	149.023504309	143.767021234	143.696227724	110.613549804
2024-05-04	159.987222273	149.332748967	149.332748967	143.980409255	143.910010186	110.745496055
2024-05-05	160.188486576	149.323084211	149.323084211	143.94206407	143.871612259	110.636188433
2024-05-06	160.028992295	149.201466699	149.201466699	143.907449929	143.836867954	110.93244506
2024-05-07	159.770029479	149.017142282	149.017142282	143.719285139	143.648889737	110.78280636
2024-05-08	159.66278874	148.861135633	148.861135633	143.516682393	143.446029906	110.741959662
2024-05-09	159.730108505	148.893886766	148.893886766	143.518740767	143.448446619	110.73634364
2024-05-10	159.523175441	148.677638374	148.677638374	143.295977684	143.225395709	110.519575313
2024-05-11	159.654485503	148.797578046	148.797578046	143.400449114	143.32993765	110.603634065
2024-05-12	159.596906046	148.760664973	148.760664973	143.358116396	143.287830921	110.573815188
2024-05-13	159.808838264	148.812558421	148.812558421	143.414016422	143.343646475	110.595556329
2024-05-14	159.456383742	148.624379141	148.624379141	143.255316411	143.184170344	110.662498986
2024-05-15	160.034023989	149.067902289	149.067902289	143.674984428	143.60448199	110.717237401
2024-05-16	160.171036325	149.282084491	149.282084491	143.914758712	143.844247248	110.899115803
2024-05-17	160.330288311	149.526805709	149.526805709	144.162262851	144.091610364	111.016525058
2024-05-18	160.76053642	149.800483075	149.800483075	144.368975095	144.298322608	111.124893148
2024-05-19	160.713097373	149.769471851	149.769471851	144.330705159	144.260123184	111.128449259
2024-05-20	160.41209919	149.395148424	149.395148424	144.081685758	144.011033271	111.052418306
2024-05-21	160.492539437	149.455897901	149.455897901	144.204632899	144.133698366	111.40983162
2024-05-22	160.439510794	149.479031019	149.479031019	144.233942516	144.163512352	111.427321786
2024-05-23	160.244309962	149.258011613	149.258011613	144.044138683	143.973769441	111.572269413
2024-05-24	160.679747253	149.249457539	149.249457539	144.026624107	143.95597162	111.550949298
2024-05-25	160.673314627	149.225273366	149.225273366	144.005941755	143.935430291	111.588108133
2024-05-26	160.374133782	149.104342264	149.104342264	143.903522722	143.832729212	111.560113627
2024-05-27	160.29522818	148.998037161	148.998037161	143.748879923	143.678227436	111.50083253
2024-05-28	159.929497255	148.68393745	148.68393745	143.440767793	143.370316334	111.440850787
2024-05-29	159.588919031	148.57975103	148.57975103	143.343358684	143.272888469	111.469246211
2024-05-30	160.005043229	148.851573483	148.851573483	143.588371417	143.517648419	111.547940808
2024-05-31	160.122676184	148.996061298	148.996061298	143.775722017	143.705140042	111.670666791
2024-06-01	160.177089243	149.026974937	149.026974937	143.797002127	143.726835605	111.74241188
2024-06-02	160.08101931	149.024663296	149.024663296	143.830006411	143.759784749	111.768176445
2024-06-03	160.265580735	149.423671428	149.423671428	144.261057265	144.19047529	112.253386803
2024-06-04	160.538247187	149.506202204	149.506202204	144.332386641	144.261875177	112.246152774
2024-06-05	160.63923302	149.81820547	149.81820547	144.598898193	144.528316218	112.31508478
2024-06-06	160.852319499	149.726046396	149.726046396	144.545481499	144.474970035	112.350781269
2024-06-07	161.154888878	149.459765034	149.459765034	144.26925709	144.198745626	112.364113019
2024-06-08	161.330591559	149.406026916	149.406026916	144.231411743	144.160958733	112.352062755
2024-06-09	161.247549397	149.428408569	149.428408569	144.24439668	144.174208229	112.35205725
2024-06-10	160.91855776	149.385998143	149.385998143	144.173121747	144.10292004	112.40018274
2024-06-11	160.739943535	149.409839793	149.409839793	144.205179078	144.135188059	112.403196183
2024-06-12	160.998271536	149.668133103	149.668133103	144.463576725	144.394425286	112.392502753
2024-06-13	161.076937827	149.784829751	149.784829751	144.603764759	144.533596263	112.360161557
2024-06-14	161.145645137	149.938122886	149.938122886	144.804088851	144.734008988	112.438892495
2024-06-15	161.01013816	149.670921267	149.670921267	144.516844162	144.447430844	112.404705952
2024-06-16	161.095356205	149.770885635	149.770885635	144.620015239	144.550222498	112.469528689
2024-06-17	160.772849962	149.743894833	149.743894833	144.563428903	144.492635393	112.434908442
2024-06-18	161.22204305	150.037468117	150.037468117	144.865172002	144.796501099	112.429308678
2024-06-19	160.921392569	150.038476666	150.038476666	144.877678874	144.81100817	112.422743974
2024-06-20	161.113090619	150.089848258	150.089848258	144.991047815	144.925030611	112.72767016
2024-06-21	161.38800943	150.20489602	150.20489602	145.120272229	145.051864545	112.768729394
2024-06-22	161.404663876	150.231689356	150.231689356	145.110700261	145.04431541	112.74518506
2024-06-23	161.112172055	150.161198532	150.161198532	145.041331441	144.970990121	112.712121558
2024-06-24	161.044389394	150.163083956	150.163083956	145.065260502	144.994827729	112.837386516
2024-06-25	161.073298502	150.228256559	150.228256559	145.123062413	145.052550949	112.675718651
2024-06-26	161.175425444	150.16147689	150.16147689	145.106819246	145.036355589	112.501741675
2024-06-27	161.23050655	149.857824256	149.857824256	144.774542264	144.704132548	112.456905562
2024-06-28	160.980372207	149.519820173	149.519820173	144.477827125	144.407348872	112.511901163
2024-06-29	160.974152561	149.665943531	149.665943531	144.60604488	144.535533416	112.633305704
2024-06-30	160.851070452	149.542093749	149.542093749	144.535415471	144.464942295	112.644085827
2024-07-01	161.050556212	149.795821666	149.795821666	144.728323781	144.657877893	112.528906376
2024-07-02	160.822968767	149.760126033	149.760126033	144.661787589	144.592303999	112.414097319
2024-07-03	160.892427907	149.841770392	149.841770392	144.754043888	144.685122715	112.321847819
2024-07-04	161.214292093	150.156225729	150.156225729	145.097663511	145.029140709	112.468091106
2024-07-05	161.582812022	150.687836274	150.687836274	145.576132354	145.506064798	112.245912309
2024-07-06	161.650660249	150.833246249	150.833246249	145.600590705	145.532588613	112.181849713
2024-07-07	161.816910624	150.844304386	150.844304386	145.612633109	145.542982622	112.192511744
2024-07-08	161.689476817	150.827820448	150.827820448	145.670357958	145.601473279	112.141060909
2024-07-09	161.971242786	151.087047794	151.087047794	145.915936412	145.846533734	112.26856318
2024-07-10	162.300241067	151.315927057	151.315927057	146.143091352	146.07364648	112.364578514
2024-07-11	162.390690809	151.212202221	151.212202221	146.020204789	145.950276256	112.371024626
2024-07-12	162.078693781	151.089386248	151.089386248	145.86621937	145.7954567	112.527287879
2024-07-13	162.347164324	151.376679444	151.376679444	146.101344346	146.031832882	112.469048012
2024-07-14	162.744978267	151.547311967	151.547311967	146.285653252	146.214404002	112.65158706
2024-07-15	162.835909557	151.827632236	151.827632236	146.581097396	146.512028095	112.977167082
2024-07-16	163.111039536	152.123056501	152.123056501	146.854823992	146.786925472	113.216677692
2024-07-17	163.272628816	152.285597324	152.285597324	147.045432885	146.980046996	113.605223018
2024-07-18	163.262593337	152.244011129	152.244011129	147.022265375	146.95362628	113.678352175
2024-07-19	164.20502912	153.161739517	153.161739517	147.893959358	147.824667689	114.20130655
2024-07-20	164.338699219	153.150850445	153.150850445	147.767971313	147.697834246	114.015056195
2024-07-21	164.184382722	153.14717247	153.14717247	147.811254209	147.741534211	114.180894195
2024-07-22	164.309461397	153.246403885	153.246403885	148.003121793	147.933610329	114.307338921
2024-07-23	164.5108329	153.465905428	153.465905428	148.234501802	148.166618714	114.433699332
2024-07-24	164.323769337	153.291998004	153.291998004	148.097997748	148.028561356	114.424345507
2024-07-25	163.994418243	152.927373968	152.927373968	147.746432322	147.677194664	114.315607314
2024-07-26	164.082083427	153.268225984	153.268225984	148.109227133	148.039576646	114.325513751
2024-07-27	164.246283904	153.456882496	153.456882496	148.269503142	148.199922167	114.459557936
2024-07-28	164.229998229	153.433326854	153.433326854	148.249086572	148.179867265	114.459214526
2024-07-29	163.858389249	153.060521654	153.060521654	147.920784902	147.852397021	114.513725531
2024-07-30	163.958762945	152.944877118	152.944877118	147.733838215	147.667670392	114.518259273
2024-07-31	163.759421886	152.89883721	152.89883721	147.707595268	147.638014293	114.662166761
2024-08-01	163.353594209	152.474435196	152.474435196	147.29249214	147.222911165	114.667956088
2024-08-02	163.446786227	152.530918822	152.530918822	147.368557421	147.298976446	114.709383647
2024-08-03	163.519294701	152.631404501	152.631404501	147.46931801	147.399737035	114.694368645
2024-08-04	163.659984403	152.788711307	152.788711307	147.59580924	147.526228265	114.694368645
2024-08-05	163.802532589	153.098107779	153.098107779	147.961836525	147.892186038	114.572011258
2024-08-06	164.289152683	153.589057634	153.589057634	148.434205948	148.365214152	114.556867042
2024-08-07	165.920450878	155.111729551	155.111729551	149.952797077	149.883360268	115.65667375
2024-08-08	165.550803788	154.814611784	154.814611784	149.666420955	149.59683998	115.532191788
2024-08-09	165.899762316	154.774521617	154.774521617	149.639979791	149.570468327	115.574281399
2024-08-10	165.515417746	154.616914341	154.616914341	149.481009603	149.411677062	115.445826851
2024-08-11	165.920793982	155.011140094	155.011140094	149.885315159	149.815595161	115.75632208
2024-08-12	166.183094949	155.134218347	155.134218347	150.016475974	149.947058351	115.889054746
2024-08-13	166.512931736	155.339266604	155.339266604	150.228117465	150.158466978	116.129081961
2024-08-14	167.354340013	155.904359978	155.904359978	150.754285569	150.684826447	116.650846694
2024-08-15	167.5703614	155.991426775	155.991426775	150.852337867	150.782969041	116.699423797
2024-08-16	168.202043889	156.413625386	156.413625386	151.258943399	151.189431935	116.83396926
2024-08-17	168.289779718	156.501069957	156.501069957	151.335516017	151.266085603	116.88729926
2024-08-18	168.288504181	156.460489768	156.460489768	151.30311341	151.233687932	116.88895776
2024-08-19	168.128350114	156.600245186	156.600245186	151.503231881	151.433845538	116.995756969
2024-08-20	168.568251944	156.727207363	156.727207363	151.641014804	151.571680038	117.262503316
2024-08-21	169.016928187	156.943318175	156.943318175	151.869667203	151.80030074	117.371515154
2024-08-22	169.020254287	157.001162115	157.001162115	151.931257163	151.86185365	117.648169338
2024-08-23	169.807579989	157.185069267	157.185069267	152.120911574	152.051701512	117.627722034
2024-08-24	170.034113858	157.520313593	157.520313593	152.458501359	152.389060032	117.960181426
2024-08-25	170.007011644	157.304542837	157.304542837	152.235128171	152.165705126	117.82654008
2024-08-26	169.740826747	157.268010075	157.268010075	152.031657892	151.962329521	117.910201291
2024-08-27	169.802466906	157.207624504	157.207624504	151.94584072	151.875912187	118.055107985
2024-08-28	170.006807191	157.329388145	157.329388145	152.072676181	152.00339202	118.071957569
2024-08-29	170.085543623	157.937229468	157.937229468	152.68442848	152.614917016	118.195672005
2024-08-30	169.892475997	158.037081684	158.037081684	152.789308208	152.720311198	118.210924869
2024-08-31	169.741180891	157.767830035	157.767830035	152.528456121	152.459520212	118.025215506
2024-09-01	170.036131916	158.210620964	158.210620964	152.956647013	152.887192062	118.329335994
2024-09-02	169.928357707	157.963691417	157.963691417	152.718060452	152.648633653	118.081163534
2024-09-03	169.519445096	157.87964816	157.87964816	152.619178958	152.549735268	118.12098428
2024-09-04	170.022037686	158.083285848	158.083285848	152.891873175	152.822617096	118.128267807
2024-09-05	169.72421013	158.033982876	158.033982876	152.871725645	152.802426886	118.099392311
2024-09-06	169.649836151	158.081342144	158.081342144	152.811778762	152.742438018	118.133075576
2024-09-07	169.766494213	158.149339624	158.149339624	152.865302354	152.796054617	118.094548512
2024-09-08	169.716491794	158.296221047	158.296221047	153.003272981	152.933622494	118.177509123
2024-09-09	170.532038389	158.802322647	158.802322647	153.530289967	153.461630853	118.539409927
2024-09-10	170.341479808	158.887026422	158.887026422	153.610609666	153.54127782	118.433539059
2024-09-11	170.203608446	158.907488138	158.907488138	153.623980144	153.554865382	118.416549802
2024-09-12	169.933671528	158.884384454	158.884384454	153.593916421	153.524621207	118.373416045
2024-09-13	170.669345666	159.515461527	159.515461527	154.197956809	154.128499356	118.608616138
2024-09-14	171.347107758	159.966645055	159.966645055	154.632245724	154.562740238	119.047660344
2024-09-15	170.984749968	159.8284752	159.8284752	154.492455794	154.422975958	118.931099377
2024-09-16	170.573291513	159.322137228	159.322137228	153.991370548	153.92200054	118.689782497
2024-09-17	171.207733894	159.73926962	159.73926962	154.44499555	154.377841081	118.9721046
2024-09-18	171.184519372	159.577327588	159.577327588	154.328364226	154.260606189	118.896720603
2024-09-19	171.320342131	159.574993018	159.574993018	154.431684302	154.362440805	118.997000159
2024-09-20	171.837109302	159.826639937	159.826639937	154.762469653	154.692989817	119.161364466
2024-09-21	172.093922853	160.061738325	160.061738325	154.992004639	154.924024791	119.276518054
2024-09-22	172.118301669	159.935512478	159.935512478	154.878345751	154.809257264	119.157360693
2024-09-23	172.032201268	159.992629785	159.992629785	154.888016377	154.818782055	119.209005948
2024-09-24	171.913013131	160.054470881	160.054470881	155.029188593	154.961393367	119.190344327
2024-09-25	172.120363799	160.22963718	160.22963718	155.15948272	155.089971256	119.274429856
2024-09-26	172.56015881	160.555672336	160.555672336	155.473260393	155.404063329	119.347429356
2024-09-27	172.432142537	160.501532971	160.501532971	155.497804639	155.428628081	119.381689597
2024-09-28	172.446513905	160.519618059	160.519618059	155.513573163	155.445278428	119.406925003
2024-09-29	172.26451494	160.528030405	160.528030405	155.499031564	155.430705618	119.462461852
2024-09-30	171.631229621	159.868469253	159.868469253	154.836471655	154.768150853	119.594589074
2024-10-01	172.032290675	159.854810276	159.854810276	155.02552974	154.958460005	119.650346135
2024-10-02	172.143323269	160.063860262	160.063860262	155.030132371	154.960736088	119.633735737
2024-10-03	172.005166415	159.980975575	159.980975575	154.976502616	154.907686892	119.613458484
2024-10-04	172.067383594	159.980163306	159.980163306	154.978645849	154.909552358	119.613173396
2024-10-05	172.853147686	160.528714234	160.528714234	155.521950725	155.45330732	120.029038935
2024-10-06	171.621431586	159.614507192	159.614507192	154.607363982	154.538888586	119.268972945
2024-10-07	172.194238333	160.18884041	160.18884041	154.968472336	154.899152585	119.800509802
2024-10-08	172.236284995	159.802210164	159.802210164	154.594468937	154.526177052	119.733298919
2024-10-09	172.290471778	159.503894573	159.503894573	154.325340465	154.256472469	119.728449348
2024-10-10	171.881221314	159.366010189	159.366010189	154.200161295	154.131040486	119.678684469
2024-10-11	172.223407706	159.640186357	159.640186357	154.495316108	154.426169162	119.713343886
2024-10-12	172.498694536	159.716118339	159.716118339	154.55951271	154.490547328	119.731227066
2024-10-13	172.800903162	159.986010116	159.986010116	154.835911234	154.767590571	119.97068952
2024-10-14	172.248699028	159.557616016	159.557616016	154.443318285	154.374456962	119.759196663
2024-10-15	172.369800925	159.534800918	159.534800918	154.419101938	154.350282669	119.729083804
2024-10-16	171.920209133	159.551238778	159.551238778	154.423942167	154.3553518	119.849731302
2024-10-17	171.886669766	159.609530065	159.609530065	154.51022316	154.442131398	119.987498938
2024-10-18	172.16240592	159.900627067	159.900627067	154.794754244	154.726907649	120.061403581
2024-10-19	172.177918831	159.840947156	159.840947156	154.738233988	154.670833101	120.029907529
2024-10-20	172.07503148	159.725370422	159.725370422	154.617042062	154.550143812	119.892595237
2024-10-21	172.252580638	159.633726285	159.633726285	154.596335571	154.529350672	120.113836282
2024-10-22	172.086902412	159.399191225	159.399191225	154.427905968	154.359912043	120.080509533
2024-10-23	171.589253447	159.173246359	159.173246359	154.220425432	154.152869775	120.108145288
2024-10-24	170.93973121	158.729713091	158.729713091	153.794191858	153.726411268	119.682255894
2024-10-25	171.787973262	159.41546958	159.41546958	154.532599807	154.464576955	120.083115641
2024-10-26	171.876737437	159.50591981	159.50591981	154.578066091	154.510235766	120.157096379
2024-10-27	172.289946668	159.828278638	159.828278638	154.919362224	154.853636935	120.439762853
2024-10-28	171.473871639	159.272617424	159.272617424	154.405685547	154.337760323	119.942921071
2024-10-29	172.090531257	159.904700402	159.904700402	155.002386932	154.934369743	120.436072197
2024-10-30	172.465806345	160.195106663	160.195106663	155.266391863	155.199040603	120.421539375
2024-10-31	171.771194571	159.651031937	159.651031937	154.832493777	154.764557228	120.343914501
2024-11-01	172.205979555	160.086204025	160.086204025	155.201875666	155.135420658	120.512798318
2024-11-02	172.299993793	160.072904063	160.072904063	155.2062314	155.138979815	120.349357582
2024-11-03	172.74353715	160.33623943	160.33623943	155.456768673	155.388635231	120.534696883
2024-11-04	173.042999902	160.668536947	160.668536947	155.782447664	155.714315314	120.625494594
2024-11-05	173.000507321	160.931139547	160.931139547	156.166896213	156.095466212	120.624809985
2024-11-06	175.276946919	163.379933827	163.379933827	158.585430826	158.517245943	121.71593194
2024-11-07	176.022295279	163.763282824	163.763282824	159.051096981	158.982940207	122.159677788
2024-11-08	177.430719658	164.964250867	164.964250867	160.223002782	160.154711061	123.092672428
2024-11-09	177.209779143	165.032958141	165.032958141	160.295398955	160.227337011	123.358597847
2024-11-10	178.361607596	166.07740798	166.07740798	161.336122658	161.267558043	124.08808613
2024-11-11	178.102005431	166.055613347	166.055613347	161.332027276	161.264104645	124.397201722
2024-11-12	178.680617984	166.850488548	166.850488548	162.231815444	162.16371932	125.748139313
2024-11-13	179.619043284	168.231425348	168.231425348	163.57737374	163.509665467	126.954639103
2024-11-14	180.956804581	169.338283879	169.338283879	164.685464255	164.618337246	127.796508638
2024-11-15	181.251945643	169.304313694	169.304313694	164.661205919	164.593609123	127.748815871
2024-11-16	181.698672592	169.51469527	169.51469527	164.857355582	164.789335118	127.768384715
2024-11-17	181.79885259	169.654276734	169.654276734	164.991420597	164.923817661	127.923523973
2024-11-18	182.679071384	170.661031851	170.661031851	166.015798227	165.947916325	128.63936937
2024-11-19	183.448066074	171.37572349	171.37572349	166.674158136	166.606200711	129.260594783
2024-11-20	185.292774231	173.275856312	173.275856312	168.543509545	168.476567285	130.635888006
2024-11-21	186.526583401	174.292226073	174.292226073	169.551674622	169.485470882	131.33025066
2024-11-22	188.219117808	176.028969838	176.028969838	171.319051374	171.251434043	132.471840504
2024-11-23	189.464097138	176.996735937	176.996735937	172.237300215	172.169257169	133.057084002
2024-11-24	189.376949017	176.960194865	176.960194865	172.231544685	172.1627754	133.077645696
2024-11-25	188.307795832	176.081901376	176.081901376	171.366585891	171.298785994	132.742165686
2024-11-26	188.53538287	176.198168612	176.198168612	171.581227156	171.513588607	133.00142915
2024-11-27	190.329310889	177.898929518	177.898929518	173.173026798	173.107645014	133.559399262
2024-11-28	187.544344819	175.043402592	175.043402592	170.315844687	170.247850284	134.105477258
2024-11-29	191.423919093	178.888102908	178.888102908	174.140036894	174.070790045	134.34841747
2024-11-30	192.027109338	179.128025842	179.128025842	174.44871525	174.379741294	134.52683349
2024-12-01	192.13483203	179.393667056	179.393667056	174.694902256	174.62787881	134.611017547
2024-12-02	192.892782034	179.980258733	179.980258733	175.274390584	175.211201094	135.282385653
2024-12-03	193.258764807	180.339383124	180.339383124	175.644623472	175.57872435	135.473574254
2024-12-04	194.704963066	181.58200045	181.58200045	176.941659249	176.875956064	136.317523367
2024-12-05	195.263130369	181.942608916	181.942608916	177.37839949	177.310979461	137.112253358
2024-12-06	196.195827043	183.921705266	183.921705266	179.3726614	179.305023397	138.176856741
2024-12-07	196.549867984	184.133759467	184.133759467	179.592330259	179.532914961	138.401080741
2024-12-08	197.524974161	183.902263469	183.902263469	179.326679678	179.263197919	138.337361929
2024-12-09	197.374844752	183.930200533	183.930200533	179.45136276	179.380887888	138.781859312
2024-12-10	197.66617686	184.171381021	184.171381021	179.669909296	179.604676444	138.915791058
2024-12-11	199.783435164	186.183842738	186.183842738	181.661503329	181.591710692	140.00580045
2024-12-12	200.130324449	186.49382686	186.49382686	181.992891399	181.925957121	140.40491098
2024-12-13	200.998047068	187.010133728	187.010133728	182.487178687	182.420149579	140.448004125
2024-12-14	201.234629444	187.171215509	187.171215509	182.631659421	182.563583628	140.537641436
2024-12-15	201.449008645	187.222631257	187.222631257	182.721124235	182.653085828	140.568004125
2024-12-16	201.791485877	187.740125652	187.740125652	183.208554483	183.142379055	140.758577764
2024-12-17	201.963619893	188.008082755	188.008082755	183.467156839	183.400576437	140.880782929
2024-12-18	201.697390203	187.834530728	187.834530728	183.318600457	183.246897562	140.922490659
2024-12-19	201.897776518	187.93639788	187.93639788	183.426967329	183.358198044	140.886878527
2024-12-20	201.62052	187.637119091	187.637119091	183.19853323	183.130519793	140.385777553
2024-12-21	201.580229225	187.549275012	187.549275012	183.102224359	183.035759323	140.061740871
2024-12-22	202.187261195	187.868130383	187.868130383	183.452035976	183.382925573	140.292853908
2024-12-23	201.724411787	187.194235741	187.194235741	182.765451384	182.697576782	139.688611814
2024-12-24	201.790778405	187.21295508	187.21295508	182.772342265	182.705328234	139.66497467
2024-12-25	201.887248918	187.342962532	187.342962532	182.874022645	182.809518488	139.675859154
2024-12-26	202.3545737	187.531296894	187.531296894	183.052454186	182.984399747	139.53185765
2024-12-27	202.433107	187.307850772	187.307850772	182.859111865	182.791000869	139.272991974
2024-12-28	202.18217064	187.328178289	187.328178289	182.879826028	182.812267437	139.205722458
2024-12-29	201.507960726	186.821729166	186.821729166	182.494437291	182.42614557	138.851015375
2024-12-30	200.856337469	186.103655826	186.103655826	181.686859129	181.619016797	137.825770033
2024-12-31	200.554909712	185.735430462	185.735430462	181.356976839	181.289048477	137.388677499
2025-01-01	200.002174134	185.452728259	185.452728259	181.158416851	181.090559287	137.416189761
2025-01-02	201.818168667	186.467642958	186.467642958	182.058300408	181.990181498	137.56283174
2025-01-03	203.464703185	187.295581331	187.295581331	182.847165005	182.779129668	137.474579521
2025-01-04	203.33451089	187.572000019	187.572000019	183.10995424	183.0407149	137.521413557
2025-01-05	203.059570183	187.650752967	187.650752967	183.176413294	183.109007387	137.563370382
2025-01-06	203.260001522	187.881372522	187.881372522	183.392639096	183.330174217	137.645514579
2025-01-07	202.884187909	187.464782017	187.464782017	183.017311963	182.954492527	137.505135441
2025-01-08	203.071042576	187.730172163	187.730172163	183.286112264	183.222825543	137.935774895
2025-01-09	202.906787537	187.697069238	187.697069238	183.233799914	183.175923949	137.761713901
2025-01-10	203.339270241	187.951631462	187.951631462	183.520225743	183.460215611	137.7222411
2025-01-11	203.128375741	187.870788503	187.870788503	183.454889938	183.397631884	137.665311556
2025-01-12	203.447265334	188.018892381	188.018892381	183.529461992	183.469339892	137.735645823
2025-01-13	203.365552585	187.71128618	187.71128618	183.197221095	183.13747573	137.530090663
2025-01-14	203.785448294	187.894357095	187.894357095	183.370108091	183.309643735	137.582647233
2025-01-15	204.55281934	188.737244101	188.737244101	184.060972563	184.000577106	137.762258053
2025-01-16	204.775363545	188.934716989	188.934716989	184.308701149	184.248029129	137.802584445
2025-01-17	206.503781545	190.668313348	190.668313348	185.949131576	185.888739265	138.480973594
2025-01-18	206.510909099	190.774661667	190.774661667	186.110514102	186.052942707	138.531794731
2025-01-19	207.31980164	191.401121936	191.401121936	186.805813459	186.746513909	138.52971713
2025-01-20	207.49045243	191.593868498	191.593868498	186.987250856	186.928202826	138.761501548
2025-01-21	210.192996903	194.388526361	194.388526361	189.742298355	189.682549663	138.819926586
2025-01-22	211.457565389	195.42113232	195.42113232	190.761071666	190.701155113	139.155191071
2025-01-23	212.203857053	195.919364063	195.919364063	191.247539617	191.188044138	139.23652074
2025-01-24	212.825992865	196.702399797	196.702399797	191.991972756	191.931892394	139.763773679
2025-01-25	212.867623367	196.665653588	196.665653588	191.945972517	191.886492766	139.767735496
2025-01-26	212.672025784	196.61919027	196.61919027	191.900112204	191.839735076	139.760049115
2025-01-27	213.081251931	196.851881491	196.851881491	192.223527367	192.163626481	139.822724633
2025-01-28	213.581611791	197.161574241	197.161574241	192.488160575	192.427784112	139.923109874
2025-01-29	213.803942835	197.312396509	197.312396509	192.611634268	192.551332329	139.982628523
2025-01-30	214.472733563	197.851026741	197.851026741	193.156443493	193.096762611	139.968547355
2025-01-31	214.512214656	197.972380853	197.972380853	193.300538183	193.241686868	139.945461409
2025-02-01	214.572165441	197.934030892	197.934030892	193.292515029	193.232658482	139.940662041
2025-02-02	214.655650417	198.081629367	198.081629367	193.50520504	193.447358655	140.116092699
2025-02-03	215.66102312	198.997110253	198.997110253	194.45708093	194.396106458	139.934356581
2025-02-04	218.253495109	200.867626741	200.867626741	196.334478044	196.274370643	141.281000185
2025-02-05	219.740057474	201.790304475	201.790304475	197.257864801	197.197132291	141.868639474
2025-02-06	220.228924315	202.139410115	202.139410115	197.573517756	197.513471329	141.827071091
2025-02-07	221.356069262	202.979077963	202.979077963	198.416927976	198.356596034	142.12649183
2025-02-08	221.432368437	202.777442	202.777442	198.260414324	198.199742304	142.199011789
2025-02-09	221.558070938	202.898401436	202.898401436	198.395950178	198.335699959	142.191510636
2025-02-10	221.541015812	202.999294225	202.999294225	198.514928088	198.454893397	142.323303749
2025-02-11	221.528619938	202.900110951	202.900110951	198.395209884	198.334719336	142.266481024
2025-02-12	221.728582295	203.025734471	203.025734471	198.507229405	198.447157633	142.417199851
2025-02-13	221.831821822	202.933284952	202.933284952	198.374307996	198.314023055	142.225869513
2025-02-14	222.317274381	203.440174349	203.440174349	198.857132699	198.797083127	142.413856453
2025-02-15	222.442768248	203.508818357	203.508818357	198.891482461	198.831811499	142.412375399
2025-02-16	222.626248591	203.561372853	203.561372853	198.943203667	198.883109997	142.412375399
2025-02-17	222.33259768	203.325550984	203.325550984	198.690364319	198.629900145	142.163336327
2025-02-18	222.235199822	203.000736606	203.000736606	198.354391386	198.294050552	142.066249126
2025-02-19	223.034510679	203.625001066	203.625001066	198.937958047	198.877678671	142.682643615
2025-02-20	222.893696779	203.753019379	203.753019379	199.012752346	198.952749533	142.752651764
2025-02-21	223.608305037	204.81633288	204.81633288	200.193426884	200.133761608	142.9514164
2025-02-22	223.239897545	204.765654045	204.765654045	200.096713149	200.03610162	142.951416393
2025-02-23	223.409161777	204.807051995	204.807051995	200.108235819	200.048381087	142.857128577
2025-02-24	222.96270393	203.918110282	203.918110282	199.292087893	199.231680035	142.667676864
2025-02-25	221.891691855	203.076434587	203.076434587	198.672305001	198.611866777	142.332418484
2025-02-26	221.237705166	202.642085243	202.642085243	198.342615385	198.282250415	142.23163581
2025-02-27	221.036222293	202.498595761	202.498595761	198.211980934	198.151662542	142.525896059
2025-02-28	221.962138302	203.417148265	203.417148265	199.071996213	199.011505665	142.586943414
2025-03-01	221.181848055	203.579428431	203.579428431	199.220941308	199.160329779	142.739869168
2025-03-02	221.219756096	203.558952579	203.558952579	199.162295067	199.102124272	142.684548875
2025-03-03	221.268883075	203.508475775	203.508475775	199.114911234	199.054475914	142.848550247
2025-03-04	221.799475608	203.856269403	203.856269403	199.449469865	199.389007868	142.862979376
2025-03-05	222.788927448	204.789962907	204.789962907	200.381167663	200.320774444	143.08671135
2025-03-06	223.034099014	204.829625523	204.829625523	200.411790427	200.351403741	143.108096504
2025-03-07	223.806171943	205.787022351	205.787022351	201.383754489	201.323349535	143.18541726
2025-03-08	223.885971478	205.816703093	205.816703093	201.416172584	201.355847054	143.2590427
2025-03-09	223.766698622	205.724215409	205.724215409	201.336778701	201.276390503	143.200297503
2025-03-10	223.528511892	205.481630266	205.481630266	201.205783871	201.145381276	143.300960349
2025-03-11	224.240569211	205.875444267	205.875444267	201.660955522	201.600578333	143.525244008
2025-03-12	224.48313015	206.372789788	206.372789788	202.15003445	202.089483411	143.678737175
2025-03-13	224.731987157	206.369039539	206.369039539	202.183769668	202.123341788	143.748815811
2025-03-14	225.263772886	206.730716367	206.730716367	202.525314411	202.46494811	143.836896633
2025-03-15	225.243098639	206.834182217	206.834182217	202.610113879	202.549958207	143.827259557
2025-03-16	225.217858266	206.767511812	206.767511812	202.541984679	202.48137315	143.825677336
2025-03-17	225.387713962	207.137221277	207.137221277	202.907984737	202.847710806	144.041499822
2025-03-18	225.522401657	207.244446641	207.244446641	203.001233471	202.940786355	144.100778448
2025-03-19	226.21500054	207.731634362	207.731634362	203.468091444	203.410139994	144.204251547
2025-03-20	225.893812918	207.513042002	207.513042002	203.291272227	203.233420933	143.883754562
2025-03-21	226.903135352	208.026288279	208.026288279	203.862556471	203.804953309	144.166459229
2025-03-22	227.860634714	208.014878634	208.014878634	203.851834481	203.794066496	144.217665673
2025-03-23	228.109478133	208.187671763	208.187671763	204.006250682	203.948442635	144.224155757
2025-03-24	228.9788695	208.59191297	208.59191297	204.273909376	204.216174564	144.459985751
2025-03-25	229.587156414	209.164182391	209.164182391	204.855407545	204.797456095	144.698008877
2025-03-26	229.706733617	209.37938213	209.37938213	205.061900256	205.003890913	144.839155508
2025-03-27	229.145343449	209.363735246	209.363735246	205.071664075	205.014024266	144.807717547
2025-03-28	228.66761594	208.897715838	208.897715838	204.755586414	204.697894154	144.457723251
2025-03-29	229.098757277	208.960341872	208.960341872	204.810317377	204.752474709	144.464659666
2025-03-30	228.929468612	209.07580373	209.07580373	204.922287927	204.864394371	144.616291852
2025-03-31	229.106097891	209.117995233	209.117995233	204.920155366	204.862321845	144.731665618
2025-04-01	229.228468801	209.127773937	209.127773937	204.899036898	204.841267929	144.727200008
2025-04-02	229.673073988	209.639082554	209.639082554	205.470497084	205.412669758	144.754922251
2025-04-03	229.841579989	209.803249801	209.803249801	205.635999989	205.578106433	144.734168751
2025-04-04	229.523889109	209.443538623	209.443538623	205.321622805	205.263613462	144.716239738
2025-04-05	229.071680811	209.435703368	209.435703368	205.28720132	205.229539164	144.655271475
2025-04-06	228.669605791	209.062206197	209.062206197	204.929967547	204.872155563	144.517737938
2025-04-07	228.61190099	209.112198849	209.112198849	205.003885482	204.946142739	144.751594183
2025-04-08	228.264114182	208.878143092	208.878143092	204.832683514	204.775059452	144.67028902
2025-04-09	228.419299669	209.035531592	209.035531592	204.995102715	204.937497295	144.975956402
2025-04-10	228.315034274	208.800754562	208.800754562	204.787284784	204.729043867	144.791330664

Note: The key identifies series in order from top to bottom.

Source: Llama Corp, DeFiLlama.

Return to text

Figure 4.6. Corporate bonds held by bond mutual funds increased in the second half of 2024

Billions of dollars (real)

Date	Corporate Bonds
2000-03-31	404.714561867399
2000-06-30	400.699112934783
2000-09-30	384.720683073368
2000-12-31	351.533318031029
2001-03-31	360.058077526086
2001-06-30	363.349671648517
2001-09-30	359.089943656478
2001-12-31	443.321740849944
2002-03-31	454.635526175754
2002-06-30	505.304134732159
2002-09-30	487.890954211886
2002-12-31	488.642313302668
2003-03-31	493.882259132969
2003-06-30	543.7451270853
2003-09-30	548.973087765938
2003-12-31	539.579617883712
2004-03-31	585.364290207588
2004-06-30	504.490047664079
2004-09-30	505.852546582278
2004-12-31	518.096112967494
2005-03-31	491.134132129212
2005-06-30	494.62017041988
2005-09-30	458.62182031832
2005-12-31	458.09107690027
2006-03-31	471.201233699732
2006-06-30	454.385053854012
2006-09-30	455.637236952319
2006-12-31	480.027544564535
2007-03-31	485.738071749334
2007-06-30	475.520673542145
2007-09-30	461.81709381373
2007-12-31	449.352856242321
2008-03-31	437.801872547741
2008-06-30	461.936049493287
2008-09-30	425.043745169367
2008-12-31	392.092554182715
2009-03-31	413.714060068077
2009-06-30	483.949486167312
2009-09-30	544.736848774789
2009-12-31	622.053234439962
2010-03-31	717.373963625416
2010-06-30	724.336423485673
2010-09-30	811.601418127503
2010-12-31	931.407829704291
2011-03-31	975.181058016629
2011-06-30	978.038623099298
2011-09-30	887.896574096645
2011-12-31	925.566293933716
2012-03-31	1025.1147798865
2012-06-30	1046.61006829925
2012-09-30	1145.99052704772
2012-12-31	1213.60513461981
2013-03-31	1244.95858033799
2013-06-30	1256.1241939283
2013-09-30	1284.92153304201
2013-12-31	1332.31430969151
2014-03-31	1375.82486481794
2014-06-30	1412.16316941604
2014-09-30	1394.58327931632
2014-12-31	1426.76936847752
2015-03-31	1482.94288546983
2015-06-30	1470.53895985931
2015-09-30	1453.6007251995
2015-12-31	1376.72716224134
2016-03-31	1433.9676983595
2016-06-30	1467.62389408584
2016-09-30	1506.87191789793
2016-12-31	1472.85565337316
2017-03-31	1514.89554289189
2017-06-30	1516.40327652504
2017-09-30	1522.15675797288
2017-12-31	1484.97530221016
2018-03-31	1461.80171759296
2018-06-30	1452.54732849681
2018-09-30	1506.35342730749
2018-12-31	1412.01211032644
2019-03-31	1540.8960998247
2019-06-30	1558.94393069917
2019-09-30	1589.88278711709
2019-12-31	1586.5640006014
2020-03-31	1484.55669345504
2020-06-30	1827.53096582834
2020-09-30	1889.19937520259
2020-12-31	1909.51214320483
2021-03-31	1903.5405761261
2021-06-30	1931.9794290651
2021-09-30	1859.20764108761
2021-12-31	1800.68426886057
2022-03-31	1593.91292390141
2022-06-30	1339.57777692101
2022-09-30	1247.53041661166
2022-12-31	1250.33924375028
2023-03-31	1281.16169704362
2023-06-30	1267.67910699004
2023-09-30	1197.05597437062
2023-12-31	1246.08226569778
2024-03-31	1300.24190669065
2024-06-30	1276.85643221433
2024-09-30	1408.11677978313
2024-12-31	1415.52544459537

Note: The data show holdings of all U.S. corporate bonds by all U.S.-domiciled mutual funds (holdings of foreign bonds are excluded). The data are converted to constant 2024 dollars using the consumer price index.

Source: Federal Reserve Board staff estimates based on Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States"; consumer price index, Bureau of Labor Statistics via Haver Analytics.

Return to text

Figure 4.7. Assets held by bank loan and high-yield mutual funds have been trending up since late 2023

This is a stacked line chart titled "Assets held by bank loan and high-yield mutual funds have been trending up since late 2023". The x-axis measures time and ranges from 2000 to 2025. The data are monthly. The y-axis is given in billions of dollars (real) and ranges from 0 to 600 billion dollars. There are two variables plotted in this chart. The first variable, "Bank loan mutual funds", is shown in a dark red shaded area of the chart. The series starts off at around 30 billion dollars in 2000 and hovers around there until late 2001 when it begins a steady decline to around 20 billion by late 2003. From here the series sees a prolonged rise to about 50-60 billion dollars by mid-2007, after which it sees a steady decline to around 25 by early-2009. From there the series sees another period of steady growth until early-to-mid-2014, reaching its series peak just above 190 in March of 2014 before another period of decline, this time to around 115 billion dollars by mid-2016. The series then sees another period of growth, to around 160 billion dollars by mid-2018. The series then sees another drop to a sustained local minimum around 75 through 2020. The series then rises to around 130 billion dollars by mid-2022, after which the series declines to 80 billion dollars in mid-2023 and then remains flat through January 2025. The second variable, "High-yield bond mutual funds", is shown in the beige shaded portion of the chart. It starts around 205 billion dollars in 2000 and generally declines until late 2002, reaching a local minimum of around 150 billion dollars. From there, the series sees a marked increase to around 240 billion by early 2004, before gradually declining to around 150 billion dollars by late 2008. The series next sees a rapid increase over several years, reaching a series maximum of around 390 billion dollars by mid-2014. The series then declines steadily to around 250 billion dollars by early 2020, before seeing another marked increase to local peak of around 350 billion dollars in early 2021. The series then declines markedly to around 240 billion dollars at the end of 2022. The series remains around 240 billion until 2024 when an uptick begins that brings the series to around 260 billion by July 2024. There is another jump to around 270 billion in September 2024 that is sustained until another slight uptick to 274 billion in January 2025.

Note: The data are converted to constant 2025 dollars using the consumer price index. The key identifies series in order from top to bottom.

Source: Investment Company Institute; consumer price index, Bureau of Labor Statistics via Haver Analytics.

Return to text

Figure 4.8. Mutual fund flows remained subdued through February

This is a stacked bar chart titled "Mutual fund flows remained subdued through February". The x-axis measures time and ranges from 2017 to 2025. The data are monthly. The y-axis is in billions of dollars and ranges from negative 150 billion to 150 billion. There are three variables plotted on the chart. The first, "Investment-grade bond mutual funds", is shown in blue. The series starts at 5 billion in January 2017 and rises until March 2017 to 18 billion. It then oscillates within the range of 0 to 15 billion until September 2018 aside from one peak in January 2018 at 22 billion. In October 2018, the series drops to negative 14 billion, further declining to -21 billion dollars in December 2018. It increases to 0 in January 2019 and generally rises to a local peak of 27 billion dollars in January 2020. In March 2020, it plummets to negative 89 billion dollars before returning to a range of 22 to 42 billion through the rest of 2020. The series decreases to 28 billion in February 2021 and then continues to decrease through May 2022 to a local minimum of negative 40 billion dollars. The series gradually increases, with fluctuations, to February 2024 at around 16 billion dollars. It then decreases again and oscillates before settling at 1 billion dollars. There is a steep increase to 20 billion dollars in October 2024 followed by a return to less than 10 billion for the following two months and then a decline to negative 3 billion in February 2025. The second variable, "Bank loan mutual funds" is represented in red. It begins around 3 billion and decreases through December 2017 to about negative 1 billion. It then increases steadily through June 2018 to about 2.5 billion dollars. It decreases to about negative 5 billion in November 2018 before dropping dramatically in December 2018 to about negative 13 billion. The variable recovers slowly through 2019 and ends at about negative 2.5 billion dollars in December 2019. In January 2020, it increases to around 0 before declining slightly in February and sharply to negative 11 billion in March and then hovers between negative 2 billion dollars and 0 through October 2020. The series turns positive again in January 2021 and then continues to increase to about 4 billion by April 2021. The series declined slightly to hover around 2 billion until increasing to its peak of about 8 billion in January 2022. The variable declined to around negative 5 billion in September 2022. The series then hovers around -5 billion until December 2022, increasing to just above zero in February 2024. Since then, it has oscillated between positive and negative values before settling just under negative 1 billion in September 2024. It has gradually increased since then to 2 billion in February 2025. The third variable, "High-yield bond mutual funds", is represented in beige. The bar begins around 700 million and decreases to around negative 7 billion in March 2017, staying negative or just barely above 0 through 2017. The series decreases significantly in February 2018 to 10 billion, and then increases to 1 billion dollars in April 2018. It decreased sharply to negative 3 billion in May 2018. The series then remains between negative 7 billion and positive 1 billion through January 2019, where it reaches about 3 billion. The series again oscillates between about negative 4 billion and positive 3 billion until February 2020. In March 2020, the series steeply declines to its lowest point around negative 10 billion dollars before rebounding to its peak of 12 billion in May 2020. The series declines to about negative 2 billion in September 2020 and fluctuates between about negative 5 billion and 3 billion through the end of 2021. The series remains mostly negative hovering around negative 3 billion through 2022 and fluctuates between slightly above and slightly below 0 in both 2023 and 2024, ending around positive 2 billion dollars in September 2024. It has fluctuated around 0 since then, ending at almost 1 billion in February 2025.

Note: Mutual fund assets under management as of February 2025 included $2,428 billion in investment-grade bond mutual funds, $276 billion in high-yield bond mutual funds, and $86 billion in bank loan mutual funds. Bank loan mutual funds, also known as floating-rate bond funds, are excluded from high-yield bond mutual funds.

Source: Investment Company Institute.

Return to text

Figure 4.9. Life insurers’ reliance on nontraditional liabilities for funding increased further in the second half of 2024

Billions of dollars (real)

Date	Repurchase Agreements	Securities lending cash collateral	FHLB Advances	Funding-Agreement Backed Securities
2006	4.83303747315986	213.952471006797	13.9408341036146	249.388460795291
2007	4.13691309400398	217.520956750085	25.1525242146722	257.392242785705
2008	12.0836405334099	72.8467290396583	50.1742029919573	243.537651082638
2009	14.8503403019096	55.6630034680471	66.2327974990977	173.313197240216
2010	14.7958605955594	60.8762639605103	61.3704704129741	135.09457638849
2011 Q1	8.58451136228944	65.4291078147316	61.4197000265442	120.382245913627
2011 Q2	9.45093440701393	64.4950610463521	60.3322114551281	113.85842121915
2011 Q3	9.51309256400812	61.7438045487331	60.3347642977788	105.996184687602
2011 Q4	9.87239010111451	59.0405674470318	60.8765113365895	105.727527672565
2012 Q1	11.2502860322505	58.0447945362515	62.0265354316512	101.967189616724
2012 Q2	14.5007532975889	66.5664962853386	66.1837631064718	103.666936655665
2012 Q3	15.4125443713195	75.2478756739931	65.7244228885927	104.956188189967
2012 Q4	15.3608684924635	73.470015066143	63.9254591204696	100.686201587183
2013 Q1	18.105997594507	73.2590164560654	64.7728121944446	99.6758303783865
2013 Q2	18.0452965131659	74.486425018638	65.9851062065942	89.1971742966762
2013 Q3	17.3773094144805	68.7459947983488	64.5978161525942	84.3598309699444
2013 Q4	15.5323168454692	75.5196671117388	65.6619750774198	81.9785360410395
2014 Q1	18.2806202478734	77.0417015058438	65.4333125990883	76.524104129996
2014 Q2	18.3200065871903	79.3589452612073	65.6942986048211	80.4557706450237
2014 Q3	20.1782206998332	83.2918444001222	66.1405225063724	84.1472307604849
2014 Q4	15.4155304041211	72.0589834822652	66.4860405338126	89.9357812396088
2015 Q1	14.8011058294753	72.5112933332977	69.6764272379937	93.2042668443824
2015 Q2	14.3305485956514	67.124870240119	70.9955981907455	90.9692901906334
2015 Q3	14.356580527897	66.6199587436132	72.5759646146576	85.5040601655872
2015 Q4	11.3992482415466	65.7041502983861	73.7585040203831	91.7064142452018
2016 Q1	13.8894936843525	68.3755566865593	77.5219727606874	89.8039863585442
2016 Q2	15.6521934712914	70.6888622020423	81.5657770630033	90.9015942123917
2016 Q3	16.6639658527202	72.0205526572794	84.8270062612956	91.0815178591203
2016 Q4	12.6321414918815	61.8981971844356	85.5331820130505	96.8372512737769
2017 Q1	16.6559328529123	65.1960674203987	88.3961792295315	98.2118023336602
2017 Q2	16.8891869450732	65.3154767045235	88.1240182011208	102.548820231272
2017 Q3	18.4745401127977	66.0768057751456	88.0125015247359	111.645207357842
2017 Q4	21.2439793525456	62.7007050681631	90.200496011552	108.951373966324
2018 Q1	20.9348791360417	65.8970786197454	96.0416341206106	111.381649440875
2018 Q2	23.2740570062317	57.4702606182466	95.3402147377625	102.39691597044
2018 Q3	22.6714679767755	58.3548987629393	93.5035394346923	112.356060878434
2018 Q4	22.5105600771863	52.1105704549995	96.5369473135642	109.613047127831
2019 Q1	21.7140108238299	56.4615060482633	98.8238124679716	113.378756229051
2019 Q2	20.4416881588743	55.9657914444444	97.7474393468789	111.353711965438
2019 Q3	19.4431061080956	55.9823159219707	101.241333661549	112.335200152555
2019 Q4	20.8927704433075	55.0252901364823	104.495444286035	114.558308935649
2020 Q1	22.7890919888317	52.1166674744435	123.170231435498	121.842685427484
2020 Q2	25.4451991865789	58.6427042955739	125.887260625039	127.934110092524
2020 Q3	25.1190707574524	57.7001736045126	121.47201113199	136.153999618013
2020 Q4	25.068448342549	58.3802454874711	122.185841907986	140.627890496878
2021 Q1	31.048563091715	62.4810001425572	131.074543182848	152.269329416127
2021 Q2	23.7223925592984	62.8977359013235	124.091887715279	166.869275383791
2021 Q3	21.0791755101046	67.9617770390611	119.991720078254	176.420091395418
2021 Q4	24.8411850824737	61.645801191109	121.721749828951	177.451408067302
2022 Q1	23.3737224598433	61.9085804485098	131.4186571938	189.821617061655
2022 Q2	23.6453880433046	51.9403957614822	134.598744569611	186.46697664337
2022 Q3	24.7501243734831	46.8829509719994	136.406292489802	183.342609487203
2022 Q4	26.257079600662	43.521729121173	136.950357441712	185.077484838069
2023 Q1	26.1533503280884	45.3460735858933	140.870414587349	185.331872308844
2023 Q2	24.1675928232946	38.0279517087918	139.657648405736	185.765935970028
2023 Q3	22.1702269406673	40.7205971608675	139.068797359184	188.268637278448
2023 Q4	24.8605974821633	41.1494517289088	138.581367653278	189.284014721675
2024 Q1	27.1175259040299	42.6872078465952	141.991471942026	201.764292725438
2024 Q2	25.6559869214555	40.5273097295633	146.865463133855	199.697834324111
2024 Q3	27.1003005824431	41.2841233461371	149.34187361931	211.399666391797
2024 Q4	27.617381969	46.537914371	152.79897283836	217.305548663107

Note: The data are converted to constant 2024 dollars using the consumer price index. FHLB is Federal Home Loan Bank. The data are annual from 2006 to 2010 and quarterly thereafter. The key identifies bars in order from top to bottom.

Source: Consumer price index, Bureau of Labor Statistics via Haver Analytics; Moody's Analytics, Inc., CreditView, Asset-Backed Commercial Paper Program Index; Securities and Exchange Commission, Forms 10-Q and 10-K; National Association of Insurance Commissioners, quarterly and annual statutory filings accessed via S&P Global, Capital IQ Pro; Bloomberg Finance L.P.

Return to text

Figure 4.10. Life insurers continued to hold a significant share of risky and illiquid assets on their balance sheets

Billions of dollars (real)

Date	Other ABS	CRE loans	CRE loans, securitized	Alternative investments	Illiquid corporate debt	Illiquid corporate debt, securitized	Share of life insurer assets (Percent share)	Share of P&C insurer assets (Percent share)
2006	374.377543405973	413.614438596265	283.521479450567	207.416295155016	477.094622626508	15.1028206656925	33.013758456875	10.0702539945432
2007	394.909685766524	430.026897725225	318.954573889278	269.870313196068	479.27519771356	20.5727426573952	35.1134880570935	12.3562866632806
2008	373.770348450202	430.320879274793	313.855005213931	237.631370129517	487.082800562732	21.3790455811447	35.0532061408582	11.9257386906428
2009	333.355970300697	418.164312197695	316.352950007132	243.173932283063	494.522822698203	25.0580283979713	33.7839691964277	10.9595547772993
2010	291.291444873361	400.482930905805	265.477574451035	313.824753543146	510.215373927608	29.3442929550341	31.5441253470475	12.9041385571762
2011	288.600078937376	408.753140547529	248.746119460013	321.487117752981	511.145688948565	34.8533942481048	30.7560986031657	13.453161178184
2012	262.862680563797	416.835538529836	224.648718312833	337.239096235097	520.336099676532	43.0468100693241	30.6036267342776	13.4301468491112
2013	253.136412277223	433.753407541535	216.117079999337	360.31060330981	548.260831605387	57.5859168497438	30.5466552640441	14.9641950483356
2014	253.010100765696	449.346980800909	215.831386105086	386.412639872292	546.036960108073	83.8464189356406	31.0417287205222	14.8814078323242
2015	237.935485150544	482.957334654788	209.11424732647	375.571158154163	567.099764661896	98.6522184626055	31.102443503701	15.0258741505884
2016	242.013554112499	517.296108840116	201.043851398173	388.957645574673	593.533098259691	104.457584974002	31.1346834428411	15.1128471440659
2017	225.390564212743	550.430696631711	194.753710267971	415.241125309707	595.576117580708	113.29305909702	31.2471403784146	14.6806549087436
2018	220.136876281983	586.823215337208	205.302834893614	415.972721511961	575.055731695555	142.896511100387	32.5160821240398	14.8219443013517
2019	217.127867177809	636.687276529994	220.989534946295	454.481555875616	643.560068510474	168.753256097294	33.3308634347363	15.0823878172443
2020	211.820407737558	654.286834325819	231.218078813522	509.774906424955	740.307188976795	204.574551038944	34.1644821054147	16.1111559463092
2021	208.786516445498	649.879097660766	223.54691417481	556.054526720273	752.667237137073	230.178469647156	34.7950895358826	15.6100580360913
2022	200.728812586901	638.997965009903	209.715574644304	525.940406627321	765.154619997332	247.723216654287	36.688366817313	15.0940770554742
2023	229.443608799	641.707258852	192.703784626	507.038772953	757.929866262	258.513650443	37.1965178605611	13.7333547563985

Note: The data are converted to constant 2023 dollars using the consumer price index. Securitized products include collateralized loan obligations for corporate debt, private-label commercial mortgage-backed securities for commercial real estate (CRE), and private-label residential mortgage-backed securities and asset-backed securities (ABS) backed by autos, credit cards, consumer loans, and student loans for other ABS. Illiquid corporate debt includes private placements, bank and syndicated loans, and high-yield bonds. Alternative investments include assets filed under Schedule BA. P&C is property and casualty. The key identifies bars in order from top to bottom.

Source: Consumer price index, Bureau of Labor Statistics via Haver Analytics; Federal Reserve Board staff estimates based on data from Bloomberg Finance L.P. and National Association of Insurance Commissioners Annual Statutory Filings.

Return to text

Figure A. Spring 2025: Most cited potential shocks over the next 12 to 18 months

Figure A: The chart is titled "Spring 2025: Most cited potential shocks over the next 12 to 18 months." The x-axis ranges from 0 to 80 percent and the data in each category is represented by blue bars showing the percentage of respondents. The categories on the left axis are listed in the following order from top to bottom: Risks to global trade at 73 percent, Policy uncertainty at 50 percent, U.S. fiscal debt sustainability at 50 percent, Persistent inflation; monetary tightening at 41 percent, Risk asset/valuations correction at 36 percent, Treasury market functioning at 27 percent, U.S. recession at 23 percent, Banking-sector stress at 23 percent, Geopolitical risks at 23 percent, Foreign divestment from U.S. assets at 23 percent, Private credit stress at 18 percent, Nonbank financial institution stress at 18 percent, Value of U.S. dollar at 14 percent, and Corporate credit stress at 14 percent.

Note: Responses are to the following question: "Over the next 12–18 months, which shocks, if realized, do you think would have the greatest negative effect on the functioning of the U.S. financial system?"

Source: Federal Reserve Bank of New York survey of 22 market contacts from February to early April.

Return to text

Figure B. Fall 2024: Most cited potential shocks over the next 12 to 18 months

Figure B: The chart is titled "Fall 2024: Most cited potential shocks over the next 12 to 18 months." The x-axis ranges from 0 to 70 percent and the data in each category is represented by blue bars showing the percentage of respondents. The categories on the left axis are listed in the following order from top to bottom: U.S. fiscal debt sustainability at 54 percent, Middle East tensions at 46 percent, Policy uncertainty at 46 percent, U.S. recession at 38 percent, Risks to global trade at 33 percent, Persistent inflation; monetary tightening at 33 percent, Risk asset/valuations correction at 29 percent, Chinese economic weakness at 25 percent, Cyberattacks at 25 percent, Russia – Ukraine war at 25 percent, Banking sector stress at 25 percent, Market liquidity strains and volatility at 25 percent, and Commercial and residential real estate at 21 percent.

Source: Federal Reserve Bank of New York survey of 24 market contacts from August to October.

Return to text

Last Update: September 19, 2025

Financial Stability Report