Accessible Version - Financial Stability Report - May 2026
Overview of financial system vulnerabilities
Asset valuations
- The forward equity price-to-earnings ratio remained in the upper ranges of its historical distribution.
- Corporate bond spreads remained low by historical standards. Leveraged loan spreads increased but remain below median levels.
- Treasury term premiums moved higher and liquidity briefly declined during a period of elevated interest rate volatility, but liquidity has since recovered.
- Valuation pressures in residential real estate remained elevated, while commercial real estate prices continued to stabilize.
Borrowing by businesses and households
- Total business and household debt relative to gross domestic product continued to decline, falling to levels not seen since the early 2000s.
- Credit quality of investment-grade corporations was robust, while some riskier firms, particularly those relying on private credit, faced challenges in servicing their debt.
- Household balance sheets continued to be strong, with most debt owed by borrowers with strong credit scores. Auto and credit card delinquencies remained at high levels relative to the past decade.
- Overall mortgage delinquency rates stayed low by historical standards, and home equity cushions remained large. That said, delinquencies of Federal Housing Administration loans are above pre-pandemic levels.
Leverage in the financial sector
- Hedge fund leverage stayed high and continues to be concentrated in the largest funds.
- The banking system remained sound and resilient, with historically high regulatory capital ratios. Fair value losses on fixed-rate assets improved somewhat but stayed elevated.
- Leverage at the largest life insurers stayed in the top quartile of its historical distribution.
- Dealer leverage stayed low, while their intermediation activity has increased somewhat in recent quarters.
Funding risks
- Most domestic banks maintained high levels of liquid assets, and their reliance on uninsured deposits was well below 2023 peaks.
- Life insurers’ nontraditional liabilities continued to grow, although the ratio of those liabilities to general account assets remained small.
- Certain business development companies experienced increased redemptions triggered by concerns about underlying assets, leading some to exercise limits on these redemptions.
- Assets in cash management vehicles continued to grow, primarily driven by historically less-fragile government money market funds.
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."
| Geopolitical risks | Oil shock | Artificial intelligence | Private credit | Persistent inflation | |
|---|---|---|---|---|---|
| Spring 2026 | 75% of contacts surveyed | 70% of contacts surveyed | 50% of contacts surveyed | 50% of contacts surveyed | 45% of contacts surveyed |
| Fall 2025 | 48% of contacts surveyed | 0% of contacts surveyed | 30% of contacts surveyed | 22% of contacts surveyed | 43% of contacts surveyed |
Figure 1.1. Nominal Treasury yields rose modestly and remained elevated relative to levels over the past 15 years
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 | 3.78 | 4.28 |
| 2025-05-01 | 3.92 | 4.42 |
| 2025-06-01 | 3.89 | 4.38 |
| 2025-07-01 | 3.88 | 4.39 |
| 2025-08-01 | 3.7 | 4.26 |
| 2025-09-01 | 3.57 | 4.12 |
| 2025-10-01 | 3.52 | 4.06 |
| 2025-11-01 | 3.55 | 4.09 |
| 2025-12-01 | 3.5 | 4.14 |
| 2026-01-01 | 3.54 | 4.21 |
| 2026-02-01 | 3.47 | 4.13 |
| 2026-03-01 | 3.71 | 4.25 |
| 2026-04-01 | 3.8 | 4.32 |
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.”
Figure 1.2. An estimate of the nominal Treasury term premium ticked up just above 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 | 1.45473808901651 |
| 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 | 1.6378499973904 |
| 2002-06-01 | 1.49875000715256 |
| 2002-07-01 | 1.34673635526137 |
| 2002-08-01 | 1.12780000946739 |
| 2002-09-01 | 0.905194997787476 |
| 2002-10-01 | 0.942095450379632 |
| 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 | 0.695768425339147 |
| 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 | 0.318913634527813 |
| 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 | -0.0104380951129964 |
| 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 | 0.336277274922891 |
| 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 | 0.508771433716729 |
| 2025-05-01 | 0.568266669909159 |
| 2025-06-01 | 0.537999999523163 |
| 2025-07-01 | 0.532790904695338 |
| 2025-08-01 | 0.48902857587451 |
| 2025-09-01 | 0.461523809603282 |
| 2025-10-01 | 0.464190912517634 |
| 2025-11-01 | 0.484972225295173 |
| 2025-12-01 | 0.549822728742253 |
| 2026-01-01 | 0.601144999265671 |
| 2026-02-01 | 0.549773682104914 |
| 2026-03-01 | 0.609872720458291 |
| 2026-04-01 | 0.644099996370428 |
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.
Figure 1.3. Interest rate volatility remained near its median since 2005
Basis points
| Date | Interest Rate Volatility |
|---|---|
| 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 | 107.045454545455 |
| 2025-05-01 | 102.645454545455 |
| 2025-06-01 | 97.0571428571429 |
| 2025-07-01 | 90.4608695652174 |
| 2025-08-01 | 83.2619047619048 |
| 2025-09-01 | 80.1681818181818 |
| 2025-10-01 | 78.8739130434783 |
| 2025-11-01 | 79.4789473684211 |
| 2025-12-01 | 76.3521739130435 |
| 2026-01-01 | 69.4409090909091 |
| 2026-02-01 | 71.47 |
| 2026-03-01 | 83.5954545454545 |
| 2026-04-01 | 76.3823529411765 |
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 82.00 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.
Figure 1.4. The price-to-earnings ratio of S&P 500 firms fell but stayed close to the upper end of its historical range
Ratio
| Date | Forward Price-to-Earnings Ratio |
|---|---|
| 1990-01-01 | 11.3821511085082 |
| 1990-02-01 | 11.3452893407532 |
| 1990-03-01 | 11.3709023213823 |
| 1990-04-01 | 11.2543288434587 |
| 1990-05-01 | 11.8429258713346 |
| 1990-06-01 | 12.084222966419 |
| 1990-07-01 | 12.0556724054932 |
| 1990-08-01 | 10.9683036418222 |
| 1990-09-01 | 10.276269760679 |
| 1990-10-01 | 10.2791426801962 |
| 1990-11-01 | 11.0083722875748 |
| 1990-12-01 | 11.6051433598557 |
| 1991-01-01 | 11.4695766065815 |
| 1991-02-01 | 12.9478823074685 |
| 1991-03-01 | 13.3122321917076 |
| 1991-04-01 | 13.6736990288522 |
| 1991-05-01 | 13.1465976498599 |
| 1991-06-01 | 13.1937216314043 |
| 1991-07-01 | 13.5257843074713 |
| 1991-08-01 | 13.7479555034171 |
| 1991-09-01 | 13.5521237086377 |
| 1991-10-01 | 13.8156832107924 |
| 1991-11-01 | 14.2519987289119 |
| 1991-12-01 | 13.7444237748684 |
| 1992-01-01 | 14.9132429432088 |
| 1992-02-01 | 14.5816356101399 |
| 1992-03-01 | 14.2199925534768 |
| 1992-04-01 | 14.2530347765862 |
| 1992-05-01 | 14.0491019742908 |
| 1992-06-01 | 13.3706966797963 |
| 1992-07-01 | 13.8596626697731 |
| 1992-08-01 | 14.0310955529247 |
| 1992-09-01 | 14.0083489170268 |
| 1992-10-01 | 13.6784874927767 |
| 1992-11-01 | 14.3472431800481 |
| 1992-12-01 | 14.7352927929207 |
| 1993-01-01 | 14.5945175985795 |
| 1993-02-01 | 14.305851835976 |
| 1993-03-01 | 14.6916916236176 |
| 1993-04-01 | 14.5354841237872 |
| 1993-05-01 | 14.4169849167933 |
| 1993-06-01 | 14.2938254136705 |
| 1993-07-01 | 14.3012675690524 |
| 1993-08-01 | 14.5692869668999 |
| 1993-09-01 | 14.554091593864 |
| 1993-10-01 | 14.6466671188539 |
| 1993-11-01 | 14.5642311769536 |
| 1993-12-01 | 14.4810943471169 |
| 1994-01-01 | 14.564859921983 |
| 1994-02-01 | 14.1723366043516 |
| 1994-03-01 | 13.9827437897667 |
| 1994-04-01 | 13.0840434973568 |
| 1994-05-01 | 13.3306649863728 |
| 1994-06-01 | 13.3276108708725 |
| 1994-07-01 | 12.9173748088571 |
| 1994-08-01 | 12.9294318430709 |
| 1994-09-01 | 13.068057321033 |
| 1994-10-01 | 12.7108826023962 |
| 1994-11-01 | 12.5057303003873 |
| 1994-12-01 | 12.1626050299823 |
| 1995-01-01 | 12.2471506639008 |
| 1995-02-01 | 12.3920791360527 |
| 1995-03-01 | 12.4681170264574 |
| 1995-04-01 | 12.5865499480073 |
| 1995-05-01 | 12.7016139238091 |
| 1995-06-01 | 12.9896797762535 |
| 1995-07-01 | 13.1878363097684 |
| 1995-08-01 | 13.2492459342443 |
| 1995-09-01 | 13.6531761382671 |
| 1995-10-01 | 13.7558507799884 |
| 1995-11-01 | 13.8829071292726 |
| 1995-12-01 | 14.285044991059 |
| 1996-01-01 | 13.997545014557 |
| 1996-02-01 | 14.9083930786293 |
| 1996-03-01 | 14.5652296719826 |
| 1996-04-01 | 14.630077878742 |
| 1996-05-01 | 15.076589097203 |
| 1996-06-01 | 14.7483831114063 |
| 1996-07-01 | 14.2731109113518 |
| 1996-08-01 | 14.6508746147116 |
| 1996-09-01 | 14.9948413057209 |
| 1996-10-01 | 15.4155810156319 |
| 1996-11-01 | 15.9763787901615 |
| 1996-12-01 | 15.9688952046387 |
| 1997-01-01 | 16.1775955669198 |
| 1997-02-01 | 16.5916728605187 |
| 1997-03-01 | 16.0213530694119 |
| 1997-04-01 | 15.491012217905 |
| 1997-05-01 | 17.1317922790387 |
| 1997-06-01 | 18.1285239407299 |
| 1997-07-01 | 18.4960837374171 |
| 1997-08-01 | 18.1971081472887 |
| 1997-09-01 | 18.5781310762174 |
| 1997-10-01 | 18.6797861949559 |
| 1997-11-01 | 18.6921340215698 |
| 1997-12-01 | 18.5400483089097 |
| 1998-01-01 | 18.2873129996476 |
| 1998-02-01 | 19.659950046139 |
| 1998-03-01 | 20.7612385785808 |
| 1998-04-01 | 21.0656804676809 |
| 1998-05-01 | 21.1663517433149 |
| 1998-06-01 | 20.8475758655303 |
| 1998-07-01 | 22.3138170284952 |
| 1998-08-01 | 20.6515240041594 |
| 1998-09-01 | 19.1507626133103 |
| 1998-10-01 | 19.434206637598 |
| 1998-11-01 | 22.0796867121163 |
| 1998-12-01 | 22.6830579568229 |
| 1999-01-01 | 23.1911558859013 |
| 1999-02-01 | 23.3592285853509 |
| 1999-03-01 | 24.4739277120173 |
| 1999-04-01 | 23.918050733064 |
| 1999-05-01 | 24.1167659088783 |
| 1999-06-01 | 23.8165624043711 |
| 1999-07-01 | 24.8965065079527 |
| 1999-08-01 | 23.0621843344384 |
| 1999-09-01 | 22.726458392294 |
| 1999-10-01 | 21.7163244690486 |
| 1999-11-01 | 24.4476990549863 |
| 1999-12-01 | 24.0923798093042 |
| 2000-01-01 | 24.2404606229374 |
| 2000-02-01 | 22.8264851546846 |
| 2000-03-01 | 23.5249724562033 |
| 2000-04-01 | 23.0315936162719 |
| 2000-05-01 | 23.2061260342956 |
| 2000-06-01 | 23.486635056264 |
| 2000-07-01 | 23.5201407623965 |
| 2000-08-01 | 23.5263594476081 |
| 2000-09-01 | 23.3061819948051 |
| 2000-10-01 | 21.9513676998907 |
| 2000-11-01 | 21.9852437024599 |
| 2000-12-01 | 21.9934805329192 |
| 2001-01-01 | 22.4289211467474 |
| 2001-02-01 | 22.1498971372828 |
| 2001-03-01 | 19.5688134323801 |
| 2001-04-01 | 21.5196015546622 |
| 2001-05-01 | 22.3802468244679 |
| 2001-06-01 | 21.113927013285 |
| 2001-07-01 | 21.5225387764748 |
| 2001-08-01 | 21.1571969934771 |
| 2001-09-01 | 17.7403480262259 |
| 2001-10-01 | 20.343958217506 |
| 2001-11-01 | 21.8919129140912 |
| 2001-12-01 | 21.5518210548838 |
| 2002-01-01 | 21.2730468410541 |
| 2002-02-01 | 20.1825714513148 |
| 2002-03-01 | 20.3630705003134 |
| 2002-04-01 | 19.6814548023162 |
| 2002-05-01 | 19.1739727407594 |
| 2002-06-01 | 17.3560769590258 |
| 2002-07-01 | 15.295375337854 |
| 2002-08-01 | 16.3909518400362 |
| 2002-09-01 | 14.9570990576221 |
| 2002-10-01 | 15.9166345536879 |
| 2002-11-01 | 16.5178677405149 |
| 2002-12-01 | 16.2197503202187 |
| 2003-01-01 | 16.5419721568986 |
| 2003-02-01 | 15.054422547278 |
| 2003-03-01 | 15.5398970041666 |
| 2003-04-01 | 15.8929599380621 |
| 2003-05-01 | 16.8859306500751 |
| 2003-06-01 | 17.3917301228913 |
| 2003-07-01 | 17.0451033599459 |
| 2003-08-01 | 17.064587085941 |
| 2003-09-01 | 17.5729801537823 |
| 2003-10-01 | 17.6356155114147 |
| 2003-11-01 | 17.1696567722022 |
| 2003-12-01 | 17.8863849947484 |
| 2004-01-01 | 18.1871844467505 |
| 2004-02-01 | 17.9143509304167 |
| 2004-03-01 | 17.2325845451074 |
| 2004-04-01 | 17.0618394298589 |
| 2004-05-01 | 16.1695218381446 |
| 2004-06-01 | 16.5077332327256 |
| 2004-07-01 | 15.9489587495026 |
| 2004-08-01 | 15.5754418981691 |
| 2004-09-01 | 15.891246137085 |
| 2004-10-01 | 15.3842472798202 |
| 2004-11-01 | 16.3327177375215 |
| 2004-12-01 | 16.380495486886 |
| 2005-01-01 | 15.9244569782634 |
| 2005-02-01 | 16.0318349141618 |
| 2005-03-01 | 15.5733117608243 |
| 2005-04-01 | 15.0433710454208 |
| 2005-05-01 | 15.4736076350929 |
| 2005-06-01 | 15.5176727831274 |
| 2005-07-01 | 15.4287214002436 |
| 2005-08-01 | 15.0765552506298 |
| 2005-09-01 | 14.9276962123893 |
| 2005-10-01 | 14.0560393767146 |
| 2005-11-01 | 14.7523919250605 |
| 2005-12-01 | 15.0355647687581 |
| 2006-01-01 | 15.0216434926562 |
| 2006-02-01 | 14.9017728165097 |
| 2006-03-01 | 14.9008348263954 |
| 2006-04-01 | 14.9040801743174 |
| 2006-05-01 | 14.2536139938259 |
| 2006-06-01 | 13.957686695518 |
| 2006-07-01 | 13.7274327533065 |
| 2006-08-01 | 14.1346552567032 |
| 2006-09-01 | 14.2608300361357 |
| 2006-10-01 | 14.7781466418404 |
| 2006-11-01 | 15.1132447206283 |
| 2006-12-01 | 15.2392723193842 |
| 2007-01-01 | 15.2553131645367 |
| 2007-02-01 | 15.3568072796559 |
| 2007-03-01 | 14.4495523775363 |
| 2007-04-01 | 15.1006314427005 |
| 2007-05-01 | 15.4491427959315 |
| 2007-06-01 | 15.3097465236159 |
| 2007-07-01 | 15.3572200126473 |
| 2007-08-01 | 13.9371490505342 |
| 2007-09-01 | 14.8856500803194 |
| 2007-10-01 | 15.0051782174863 |
| 2007-11-01 | 14.3189003475738 |
| 2007-12-01 | 14.4585712597668 |
| 2008-01-01 | 13.2249884778763 |
| 2008-02-01 | 13.4278616675423 |
| 2008-03-01 | 13.1641508623549 |
| 2008-04-01 | 13.5044050285183 |
| 2008-05-01 | 14.1519081056589 |
| 2008-06-01 | 13.1519032109207 |
| 2008-07-01 | 12.2646317181138 |
| 2008-08-01 | 12.9132439386109 |
| 2008-09-01 | 12.1669069130597 |
| 2008-10-01 | 10.2047452533587 |
| 2008-11-01 | 9.18005234216455 |
| 2008-12-01 | 11.5119830185735 |
| 2009-01-01 | 11.3266389387441 |
| 2009-02-01 | 11.8868020488058 |
| 2009-03-01 | 11.9924943186971 |
| 2009-04-01 | 13.4328479271678 |
| 2009-05-01 | 14.3664876831086 |
| 2009-06-01 | 14.1894749833708 |
| 2009-07-01 | 13.8736708660865 |
| 2009-08-01 | 14.6867045674935 |
| 2009-09-01 | 15.1792308448764 |
| 2009-10-01 | 15.2950536617811 |
| 2009-11-01 | 14.6948685995231 |
| 2009-12-01 | 14.4345529551263 |
| 2010-01-01 | 14.7957623007394 |
| 2010-02-01 | 13.6266855816343 |
| 2010-03-01 | 14.0033740998519 |
| 2010-04-01 | 14.2245450501446 |
| 2010-05-01 | 12.3180971196674 |
| 2010-06-01 | 12.6413477636603 |
| 2010-07-01 | 12.2822376798624 |
| 2010-08-01 | 11.9393981961906 |
| 2010-09-01 | 12.3795343935392 |
| 2010-10-01 | 12.771801575278 |
| 2010-11-01 | 12.8547173024787 |
| 2010-12-01 | 13.1044863093481 |
| 2011-01-01 | 13.0676555955953 |
| 2011-02-01 | 13.4069675674825 |
| 2011-03-01 | 12.4033715282157 |
| 2011-04-01 | 12.5624064641306 |
| 2011-05-01 | 12.727855044471 |
| 2011-06-01 | 11.9051424180297 |
| 2011-07-01 | 12.1661951339949 |
| 2011-08-01 | 10.5439697451237 |
| 2011-09-01 | 11.2152717405246 |
| 2011-10-01 | 11.4116799111213 |
| 2011-11-01 | 11.4743643950547 |
| 2011-12-01 | 11.3582094487135 |
| 2012-01-01 | 12.2358515674511 |
| 2012-02-01 | 12.5550075433728 |
| 2012-03-01 | 12.7896959896822 |
| 2012-04-01 | 12.3689963955656 |
| 2012-05-01 | 11.7535096716034 |
| 2012-06-01 | 11.9641449382485 |
| 2012-07-01 | 12.4355710838424 |
| 2012-08-01 | 12.9170192996269 |
| 2012-09-01 | 13.1152822426449 |
| 2012-10-01 | 12.9789113896963 |
| 2012-11-01 | 12.1685367931844 |
| 2012-12-01 | 12.8492116813844 |
| 2013-01-01 | 13.0281671547797 |
| 2013-02-01 | 13.2907220600059 |
| 2013-03-01 | 13.4908947436889 |
| 2013-04-01 | 13.2363844438173 |
| 2013-05-01 | 14.3434397234422 |
| 2013-06-01 | 13.5842459089718 |
| 2013-07-01 | 14.3557958005148 |
| 2013-08-01 | 14.1758449614022 |
| 2013-09-01 | 14.4886241823552 |
| 2013-10-01 | 14.5478548707328 |
| 2013-11-01 | 15.0083785727236 |
| 2013-12-01 | 15.0901869089162 |
| 2014-01-01 | 15.2843394051163 |
| 2014-02-01 | 15.1152159212501 |
| 2014-03-01 | 15.1956958851036 |
| 2014-04-01 | 15.1895239795877 |
| 2014-05-01 | 15.2325994385566 |
| 2014-06-01 | 15.7167273846776 |
| 2014-07-01 | 15.5302682647482 |
| 2014-08-01 | 15.5019111857972 |
| 2014-09-01 | 15.729099695533 |
| 2014-10-01 | 14.7860688820375 |
| 2014-11-01 | 16.2754467227164 |
| 2014-12-01 | 16.5385579873706 |
| 2015-01-01 | 16.1639391187174 |
| 2015-02-01 | 17.2657599134307 |
| 2015-03-01 | 17.0228762398607 |
| 2015-04-01 | 17.0673629800224 |
| 2015-05-01 | 17.3896154832224 |
| 2015-06-01 | 17.1262456285535 |
| 2015-07-01 | 17.0577201226219 |
| 2015-08-01 | 16.4345801876306 |
| 2015-09-01 | 16.1929744477207 |
| 2015-10-01 | 16.4748034482884 |
| 2015-11-01 | 17.0548444978936 |
| 2015-12-01 | 16.6578019293234 |
| 2016-01-01 | 15.7139731763252 |
| 2016-02-01 | 15.7703848240994 |
| 2016-03-01 | 16.6828008549635 |
| 2016-04-01 | 16.8720374553949 |
| 2016-05-01 | 16.749457684711 |
| 2016-06-01 | 16.8196766228237 |
| 2016-07-01 | 17.4066908104413 |
| 2016-08-01 | 17.6205930254244 |
| 2016-09-01 | 17.1497636522795 |
| 2016-10-01 | 16.9505715626212 |
| 2016-11-01 | 17.3401380172182 |
| 2016-12-01 | 17.7395083838725 |
| 2017-01-01 | 17.4465097533113 |
| 2017-02-01 | 17.9160602893131 |
| 2017-03-01 | 17.966822710795 |
| 2017-04-01 | 17.5545496469408 |
| 2017-05-01 | 17.7287259143425 |
| 2017-06-01 | 18.0025196507278 |
| 2017-07-01 | 18.1516098655679 |
| 2017-08-01 | 17.8341929575214 |
| 2017-09-01 | 18.1499313727564 |
| 2017-10-01 | 18.396219387526 |
| 2017-11-01 | 18.483070926054 |
| 2017-12-01 | 18.8194121438368 |
| 2018-01-01 | 18.8378529809746 |
| 2018-02-01 | 17.4458000651074 |
| 2018-03-01 | 17.2620182537414 |
| 2018-04-01 | 16.7369288063748 |
| 2018-05-01 | 16.8331696661981 |
| 2018-06-01 | 16.9957262358538 |
| 2018-07-01 | 16.9229314720987 |
| 2018-08-01 | 17.0500137848247 |
| 2018-09-01 | 17.3684687918244 |
| 2018-10-01 | 16.3058805550407 |
| 2018-11-01 | 16.1609482467488 |
| 2018-12-01 | 14.6755348627016 |
| 2019-01-01 | 15.699196259701 |
| 2019-02-01 | 16.29798167025 |
| 2019-03-01 | 16.531890369133 |
| 2019-04-01 | 16.9799647835897 |
| 2019-05-01 | 16.902759636463 |
| 2019-06-01 | 17.2070947339243 |
| 2019-07-01 | 17.4556637801562 |
| 2019-08-01 | 16.7571702775218 |
| 2019-09-01 | 17.5500611225552 |
| 2019-10-01 | 17.4806614733217 |
| 2019-11-01 | 18.1646527708821 |
| 2019-12-01 | 18.5713165870143 |
| 2020-01-01 | 19.0885804004842 |
| 2020-02-01 | 19.1629421044336 |
| 2020-03-01 | 14.2198937164988 |
| 2020-04-01 | 19.2987135360508 |
| 2020-05-01 | 21.346695001595 |
| 2020-06-01 | 22.4718613250003 |
| 2020-07-01 | 22.6020714033583 |
| 2020-08-01 | 23.0360856162875 |
| 2020-09-01 | 22.280317141431 |
| 2020-10-01 | 22.5740661417844 |
| 2020-11-01 | 22.5889963398827 |
| 2020-12-01 | 22.971690592383 |
| 2021-01-01 | 23.1919042016437 |
| 2021-02-01 | 22.6539365943914 |
| 2021-03-01 | 22.0711816641757 |
| 2021-04-01 | 22.8749970965019 |
| 2021-05-01 | 22.0279156081321 |
| 2021-06-01 | 21.9501583147805 |
| 2021-07-01 | 22.21396249344 |
| 2021-08-01 | 21.7187998722309 |
| 2021-09-01 | 21.7728050372315 |
| 2021-10-01 | 21.3727496456692 |
| 2021-11-01 | 22.4074043549778 |
| 2021-12-01 | 21.8697565901846 |
| 2022-01-01 | 20.6534062122471 |
| 2022-02-01 | 19.8635342444121 |
| 2022-03-01 | 19.6561659011606 |
| 2022-04-01 | 19.255656034338 |
| 2022-05-01 | 17.0409873242213 |
| 2022-06-01 | 15.8067364693812 |
| 2022-07-01 | 16.3757029706508 |
| 2022-08-01 | 18.9402991193336 |
| 2022-09-01 | 17.1413641085131 |
| 2022-10-01 | 16.2164177248234 |
| 2022-11-01 | 17.9975124878411 |
| 2022-12-01 | 17.6576212401181 |
| 2023-01-01 | 17.6752408984572 |
| 2023-02-01 | 18.640565243814 |
| 2023-03-01 | 17.8397024896975 |
| 2023-04-01 | 18.8502243113849 |
| 2023-05-01 | 18.9715249338127 |
| 2023-06-01 | 19.7325833256904 |
| 2023-07-01 | 20.0845193266572 |
| 2023-08-01 | 19.1797303804107 |
| 2023-09-01 | 19.433993197312 |
| 2023-10-01 | 18.3150259045837 |
| 2023-11-01 | 19.3594044042103 |
| 2023-12-01 | 20.0806874100943 |
| 2024-01-01 | 20.0836198985916 |
| 2024-02-01 | 20.8211497997912 |
| 2024-03-01 | 20.9563274038542 |
| 2024-04-01 | 19.999193184256 |
| 2024-05-01 | 21.1358171294566 |
| 2024-06-01 | 21.4802533232879 |
| 2024-07-01 | 21.6390491316831 |
| 2024-08-01 | 21.6742964127546 |
| 2024-09-01 | 22.0830214863266 |
| 2024-10-01 | 22.4131254113905 |
| 2024-11-01 | 22.8733639936603 |
| 2024-12-01 | 22.2925781435439 |
| 2025-01-01 | 22.2260523641276 |
| 2025-02-01 | 22.6881616874592 |
| 2025-03-01 | 20.6892024388952 |
| 2025-04-01 | 19.4584462470511 |
| 2025-05-01 | 22.1965643300042 |
| 2025-06-01 | 22.0639835423193 |
| 2025-07-01 | 22.8273691139264 |
| 2025-08-01 | 23.2416555168631 |
| 2025-09-01 | 23.3800576757548 |
| 2025-10-01 | 23.092623327611 |
| 2025-11-01 | 22.2747094753323 |
| 2025-12-01 | 22.5125521970484 |
| 2026-01-01 | 22.7939426061247 |
| 2026-02-01 | 21.9080121581382 |
| 2026-03-01 | 20.1243631066133 |
| 2026-04-01 | 20.8488538170787 |
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, except for the value of the last month of the series, which is reported as of the data close date. The median ratio value is 16.00.
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.
Figure 1.5. As of April, an estimate of the equity premium remained near a 20-year low
Percentage points
| Date | Equity premium |
|---|---|
| 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 | 4.22507255007965 |
| 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 | 3.43762184495621 |
| 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 | 4.72175612583636 |
| 1995-07-01 | 4.32247877287545 |
| 1995-08-01 | 4.08465178299548 |
| 1995-09-01 | 4.1805113479478 |
| 1995-10-01 | 4.11660850923124 |
| 1995-11-01 | 4.21785555845324 |
| 1995-12-01 | 4.1581874074457 |
| 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 | 2.94403710214958 |
| 1996-12-01 | 2.95244486352662 |
| 1997-01-01 | 2.45606030185991 |
| 1997-02-01 | 2.28071859339389 |
| 1997-03-01 | 2.2210551947253 |
| 1997-04-01 | 2.11240566298368 |
| 1997-05-01 | 1.81472111327943 |
| 1997-06-01 | 1.69467456039229 |
| 1997-07-01 | 1.87930688099582 |
| 1997-08-01 | 1.9319763238801 |
| 1997-09-01 | 1.93815122929938 |
| 1997-10-01 | 1.68115004407904 |
| 1997-11-01 | 2.02955059517511 |
| 1997-12-01 | 2.04435173852786 |
| 1998-01-01 | 2.2940112809839 |
| 1998-02-01 | 1.77883378433 |
| 1998-03-01 | 1.46024056812118 |
| 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 | 2.04262086809159 |
| 1999-01-01 | 1.44202973797905 |
| 1999-02-01 | 1.20164357529689 |
| 1999-03-01 | 0.757428239876651 |
| 1999-04-01 | 1.00753230365467 |
| 1999-05-01 | 0.71484316666079 |
| 1999-06-01 | 0.430593698275136 |
| 1999-07-01 | 0.329298397012053 |
| 1999-08-01 | 0.396721316347228 |
| 1999-09-01 | 0.456570814469048 |
| 1999-10-01 | 0.426752582212697 |
| 1999-11-01 | 0.243979850660101 |
| 1999-12-01 | 0.0263694496567286 |
| 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 | 0.634465672822303 |
| 2000-09-01 | 0.63177966006575 |
| 2000-10-01 | 1.21190683260591 |
| 2000-11-01 | 1.10181451290762 |
| 2000-12-01 | 1.56971354919645 |
| 2001-01-01 | 1.66628672854638 |
| 2001-02-01 | 1.67363886405751 |
| 2001-03-01 | 2.39238538335568 |
| 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 | 2.2600758464 |
| 2001-12-01 | 1.7822163599 |
| 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 | 4.34441449022381 |
| 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 | 4.28602779933636 |
| 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 | 4.91623661931818 |
| 2005-07-01 | 4.7444148075 |
| 2005-08-01 | 4.76996365998696 |
| 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 | 4.53818170092105 |
| 2006-03-01 | 4.31557137739565 |
| 2006-04-01 | 4.09650910406316 |
| 2006-05-01 | 4.30824644340909 |
| 2006-06-01 | 4.62141606762727 |
| 2006-07-01 | 4.5432470311 |
| 2006-08-01 | 4.63587978211304 |
| 2006-09-01 | 4.7126189177 |
| 2006-10-01 | 4.52324510180476 |
| 2006-11-01 | 4.5924401977619 |
| 2006-12-01 | 4.6117911778 |
| 2007-01-01 | 4.18104855882857 |
| 2007-02-01 | 4.04917546529474 |
| 2007-03-01 | 4.57084322884546 |
| 2007-04-01 | 4.1551687385 |
| 2007-05-01 | 4.03230336943636 |
| 2007-06-01 | 3.76214338318571 |
| 2007-07-01 | 3.80658726308095 |
| 2007-08-01 | 4.81129793442174 |
| 2007-09-01 | 4.43420091104737 |
| 2007-10-01 | 4.42738448457273 |
| 2007-11-01 | 5.08184271 |
| 2007-12-01 | 5.1698324242 |
| 2008-01-01 | 5.99133826527619 |
| 2008-02-01 | 5.8645140627 |
| 2008-03-01 | 6.4061410856 |
| 2008-04-01 | 5.85850404246573 |
| 2008-05-01 | 5.40155359142908 |
| 2008-06-01 | 5.59621250573047 |
| 2008-07-01 | 6.25108538480653 |
| 2008-08-01 | 5.96315320698711 |
| 2008-09-01 | 6.93164311989366 |
| 2008-10-01 | 8.31059767969268 |
| 2008-11-01 | 8.73793464722563 |
| 2008-12-01 | 7.98673240596921 |
| 2009-01-01 | 8.05063825392808 |
| 2009-02-01 | 7.04057134484376 |
| 2009-03-01 | 7.20455400039335 |
| 2009-04-01 | 6.64812590353963 |
| 2009-05-01 | 5.70179286782508 |
| 2009-06-01 | 5.23595044864012 |
| 2009-07-01 | 5.38602579011467 |
| 2009-08-01 | 5.1965943105808 |
| 2009-09-01 | 5.10607578201545 |
| 2009-10-01 | 4.9372125813199 |
| 2009-11-01 | 5.2361404736491 |
| 2009-12-01 | 5.19827022308101 |
| 2010-01-01 | 5.25144843491086 |
| 2010-02-01 | 5.78173054471631 |
| 2010-03-01 | 5.46105979087852 |
| 2010-04-01 | 5.20947372113204 |
| 2010-05-01 | 6.54449501110297 |
| 2010-06-01 | 6.84799201684505 |
| 2010-07-01 | 7.15985422586431 |
| 2010-08-01 | 7.77097350519029 |
| 2010-09-01 | 7.63627277695532 |
| 2010-10-01 | 7.35466980564428 |
| 2010-11-01 | 7.32843838226603 |
| 2010-12-01 | 6.48289002380822 |
| 2011-01-01 | 6.39830270926077 |
| 2011-02-01 | 5.95834920710971 |
| 2011-03-01 | 6.74390059228824 |
| 2011-04-01 | 6.57684256106917 |
| 2011-05-01 | 6.91091960442141 |
| 2011-06-01 | 7.61446551361775 |
| 2011-07-01 | 7.23241841263923 |
| 2011-08-01 | 8.8959037138292 |
| 2011-09-01 | 9.25292864428387 |
| 2011-10-01 | 8.9787167100627 |
| 2011-11-01 | 9.01176869388091 |
| 2011-12-01 | 9.25627181374572 |
| 2012-01-01 | 8.41976632684733 |
| 2012-02-01 | 8.23244731426021 |
| 2012-03-01 | 7.81356742604052 |
| 2012-04-01 | 8.31442754134018 |
| 2012-05-01 | 9.00776648515453 |
| 2012-06-01 | 9.27439932525411 |
| 2012-07-01 | 8.77449256622172 |
| 2012-08-01 | 8.40138753983512 |
| 2012-09-01 | 8.1353149789344 |
| 2012-10-01 | 8.14275719538375 |
| 2012-11-01 | 8.86932398879727 |
| 2012-12-01 | 8.37715132000164 |
| 2013-01-01 | 8.01789233431252 |
| 2013-02-01 | 7.7088842593598 |
| 2013-03-01 | 7.63489115741444 |
| 2013-04-01 | 7.92049794375572 |
| 2013-05-01 | 7.28379125339307 |
| 2013-06-01 | 7.06439947028767 |
| 2013-07-01 | 6.48577395298104 |
| 2013-08-01 | 6.27897293742149 |
| 2013-09-01 | 6.10441703278176 |
| 2013-10-01 | 6.44606213336323 |
| 2013-11-01 | 6.19173678185419 |
| 2013-12-01 | 5.93089619941541 |
| 2014-01-01 | 5.88761828727488 |
| 2014-02-01 | 6.02884528482136 |
| 2014-03-01 | 5.95034467108786 |
| 2014-04-01 | 5.97830377537208 |
| 2014-05-01 | 6.13968617294832 |
| 2014-06-01 | 5.93631894657505 |
| 2014-07-01 | 5.89197775368481 |
| 2014-08-01 | 6.17509288902176 |
| 2014-09-01 | 5.9186727041901 |
| 2014-10-01 | 6.62746730460448 |
| 2014-11-01 | 6.00250163637366 |
| 2014-12-01 | 6.16317325177464 |
| 2015-01-01 | 6.33941457648748 |
| 2015-02-01 | 5.82574595446909 |
| 2015-03-01 | 5.79427698510289 |
| 2015-04-01 | 5.93144816482074 |
| 2015-05-01 | 5.72117920574613 |
| 2015-06-01 | 5.60489503391566 |
| 2015-07-01 | 5.68077161826695 |
| 2015-08-01 | 5.91613687300709 |
| 2015-09-01 | 6.1481926227601 |
| 2015-10-01 | 6.23919864323793 |
| 2015-11-01 | 5.77867757753824 |
| 2015-12-01 | 5.83976318777105 |
| 2016-01-01 | 6.5183942479464 |
| 2016-02-01 | 6.56639164197415 |
| 2016-03-01 | 6.15581644763602 |
| 2016-04-01 | 6.21052104766073 |
| 2016-05-01 | 6.34783570791512 |
| 2016-06-01 | 6.49478692611596 |
| 2016-07-01 | 6.37300258417276 |
| 2016-08-01 | 6.27252424816429 |
| 2016-09-01 | 6.39639656607359 |
| 2016-10-01 | 6.34792391744142 |
| 2016-11-01 | 5.92850704052045 |
| 2016-12-01 | 5.43351915641085 |
| 2017-01-01 | 5.6137856422665 |
| 2017-02-01 | 5.41899700620846 |
| 2017-03-01 | 5.32067659137305 |
| 2017-04-01 | 5.66888368715205 |
| 2017-05-01 | 5.67327420031075 |
| 2017-06-01 | 5.67346545459448 |
| 2017-07-01 | 5.39407950599457 |
| 2017-08-01 | 5.54225631562142 |
| 2017-09-01 | 5.53032768958696 |
| 2017-10-01 | 5.25426590225882 |
| 2017-11-01 | 5.34351376097218 |
| 2017-12-01 | 5.14433637390061 |
| 2018-01-01 | 4.99733956142924 |
| 2018-02-01 | 5.15493774556546 |
| 2018-03-01 | 5.15167833556193 |
| 2018-04-01 | 5.34318721992825 |
| 2018-05-01 | 5.30728784370116 |
| 2018-06-01 | 5.31215845946694 |
| 2018-07-01 | 5.172270573482 |
| 2018-08-01 | 5.25023163743996 |
| 2018-09-01 | 5.00394032226363 |
| 2018-10-01 | 5.11375449195841 |
| 2018-11-01 | 5.44676185246154 |
| 2018-12-01 | 6.20390702090553 |
| 2019-01-01 | 5.96526448746428 |
| 2019-02-01 | 5.64512416201343 |
| 2019-03-01 | 5.64786949728041 |
| 2019-04-01 | 5.51541889121168 |
| 2019-05-01 | 5.7922077072743 |
| 2019-06-01 | 5.98599659638227 |
| 2019-07-01 | 5.87023236218618 |
| 2019-08-01 | 6.60877687989441 |
| 2019-09-01 | 6.23060539892807 |
| 2019-10-01 | 6.26245754786093 |
| 2019-11-01 | 5.97660819248493 |
| 2019-12-01 | 5.78978844695025 |
| 2020-01-01 | 5.76299507007919 |
| 2020-02-01 | 5.87220199254315 |
| 2020-03-01 | 8.33893988665579 |
| 2020-04-01 | 6.69402874680881 |
| 2020-05-01 | 6.29901833800408 |
| 2020-06-01 | 5.84829367748432 |
| 2020-07-01 | 5.73120725567897 |
| 2020-08-01 | 5.71109222000923 |
| 2020-09-01 | 5.77396086227924 |
| 2020-10-01 | 5.72089337978723 |
| 2020-11-01 | 5.74859977241579 |
| 2020-12-01 | 5.62528492086364 |
| 2021-01-01 | 5.46222461693684 |
| 2021-02-01 | 5.32167883108947 |
| 2021-03-01 | 4.98235114314348 |
| 2021-04-01 | 5.02738846614546 |
| 2021-05-01 | 5.3110520942 |
| 2021-06-01 | 5.35597460581818 |
| 2021-07-01 | 5.59187957348572 |
| 2021-08-01 | 5.78881548042727 |
| 2021-09-01 | 5.6604007372381 |
| 2021-10-01 | 5.7387065042 |
| 2021-11-01 | 5.5244888667 |
| 2021-12-01 | 5.65465645196364 |
| 2022-01-01 | 5.5283296991 |
| 2022-02-01 | 5.47364965074211 |
| 2022-03-01 | 5.5078589305 |
| 2022-04-01 | 5.1283309785 |
| 2022-05-01 | 5.73000683071905 |
| 2022-06-01 | 5.72337928600476 |
| 2022-07-01 | 5.9064351787 |
| 2022-08-01 | 5.21479551092609 |
| 2022-09-01 | 5.03554063218095 |
| 2022-10-01 | 5.0390087806 |
| 2022-11-01 | 4.6383332092 |
| 2022-12-01 | 4.95568895217619 |
| 2023-01-01 | 4.5214759599 |
| 2023-02-01 | 3.93129090502632 |
| 2023-03-01 | 4.3613274581087 |
| 2023-04-01 | 4.217126168 |
| 2023-05-01 | 4.1428305308 |
| 2023-06-01 | 3.75191807141429 |
| 2023-07-01 | 3.3985687883 |
| 2023-08-01 | 3.40961226934348 |
| 2023-09-01 | 3.1658531478 |
| 2023-10-01 | 2.94628518632381 |
| 2023-11-01 | 3.08594150252857 |
| 2023-12-01 | 3.4351379691 |
| 2024-01-01 | 3.23237080316667 |
| 2024-02-01 | 2.8523556649 |
| 2024-03-01 | 2.7936804404 |
| 2024-04-01 | 2.73862423271818 |
| 2024-05-01 | 2.59798261081818 |
| 2024-06-01 | 2.68454158110526 |
| 2024-07-01 | 2.61416466872727 |
| 2024-08-01 | 3.14715204349091 |
| 2024-09-01 | 3.2126185728 |
| 2024-10-01 | 2.61375414587273 |
| 2024-11-01 | 2.29421060414737 |
| 2024-12-01 | 2.40515136559524 |
| 2025-01-01 | 2.22136104215714 |
| 2025-02-01 | 2.26093082544211 |
| 2025-03-01 | 2.85158993078571 |
| 2025-04-01 | 3.24090445758571 |
| 2025-05-01 | 2.55365879796667 |
| 2025-06-01 | 2.5782520766 |
| 2025-07-01 | 2.37469354659091 |
| 2025-08-01 | 2.4372165079619 |
| 2025-09-01 | 2.53850240134286 |
| 2025-10-01 | 2.68878184383636 |
| 2025-11-01 | 2.81582136536667 |
| 2025-12-01 | 2.82931363372727 |
| 2026-01-01 | 2.5900541966 |
| 2026-02-01 | 2.75067346696316 |
| 2026-03-01 | 3.05056187770909 |
| 2026-04-01 | 2.79615148773636 |
Note: The data begin in October 1991. The figure shows the difference between the aggregate forward earnings-to-price ratio of Standard & 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, except for the value of the last month of the series, which is reported as of the data close date. The median value is 4.59 percentage points.
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.
Figure 1.6. Volatility in equity markets picked up but stayed near the historical median
Percent
| Date | Option-implied volatility | Realized volatility |
|---|---|---|
| 1996-01-01 | 13.4736363636364 | 11.6632788242227 |
| 1996-02-01 | 15.033 | 11.4943342094201 |
| 1996-03-01 | 17.762380952381 | 14.5771874262868 |
| 1996-04-01 | 16.2122222222222 | 12.2558568555018 |
| 1996-05-01 | 16.1463636363636 | 11.3203586205319 |
| 1996-06-01 | 16.5035294117647 | 11.1174750810194 |
| 1996-07-01 | 17.9786363636364 | 15.0442808785235 |
| 1996-08-01 | 15.7604545454545 | 13.4408035068742 |
| 1996-09-01 | 16.578 | 11.1885310367105 |
| 1996-10-01 | 16.2863636363636 | 9.8666900767263 |
| 1996-11-01 | 15.997 | 10.2686961621494 |
| 1996-12-01 | 19.2609523809524 | 13.4336499649676 |
| 1997-01-01 | 19.6166666666667 | 14.6046796087275 |
| 1997-02-01 | 20.1394736842105 | 14.8344135553192 |
| 1997-03-01 | 20.17 | 14.6412064437274 |
| 1997-04-01 | 19.6955 | 17.1797937423501 |
| 1997-05-01 | 19.9247619047619 | 16.3789813680504 |
| 1997-06-01 | 20.1942857142857 | 15.006859428578 |
| 1997-07-01 | 20.5085714285714 | 16.1737012529902 |
| 1997-08-01 | 23.0847619047619 | 18.1295001563982 |
| 1997-09-01 | 23.7994736842105 | 18.7826871581516 |
| 1997-10-01 | 23.8708695652174 | 18.8318819920876 |
| 1997-11-01 | 31.9842105263158 | 24.0283359496403 |
| 1997-12-01 | 26.2763636363636 | 18.5370183510675 |
| 1998-01-01 | 23.8665 | 17.9202186439481 |
| 1998-02-01 | 19.9989473684211 | 15.3779952737907 |
| 1998-03-01 | 20.032380952381 | 12.6836620885161 |
| 1998-04-01 | 22.1621052631579 | 13.0174011173854 |
| 1998-05-01 | 20.874 | 13.9557342980932 |
| 1998-06-01 | 21.6627272727273 | 15.6087534055835 |
| 1998-07-01 | 20.2326315789474 | 14.6272139288299 |
| 1998-08-01 | 31.5880952380952 | 22.8240543607256 |
| 1998-09-01 | 38.132 | 34.2616720458002 |
| 1998-10-01 | 36.6081818181818 | 33.0642406132284 |
| 1998-11-01 | 26.223 | 23.1716311250331 |
| 1998-12-01 | 25.4790909090909 | 18.9651698997326 |
| 1999-01-01 | 27.9688888888889 | 19.5311818169175 |
| 1999-02-01 | 28.8226315789474 | 21.7471289068299 |
| 1999-03-01 | 25.3095652173913 | 20.6700760004696 |
| 1999-04-01 | 23.4785714285714 | 19.8753740781373 |
| 1999-05-01 | 26.2045 | 20.9729438405989 |
| 1999-06-01 | 23.5457142857143 | 19.276755094362 |
| 1999-07-01 | 21.0490476190476 | 16.5611145166716 |
| 1999-08-01 | 24.3236363636364 | 17.7585330080892 |
| 1999-09-01 | 24.5414285714286 | 18.9838167725954 |
| 1999-10-01 | 24.0214285714286 | 20.925896550576 |
| 1999-11-01 | 21.8180952380952 | 19.2712143426579 |
| 1999-12-01 | 22.1590909090909 | 16.9075412003592 |
| 2000-01-01 | 23.202 | 19.2665344771984 |
| 2000-02-01 | 23.5955 | 21.8775232712704 |
| 2000-03-01 | 22.7340909090909 | 24.4090128555421 |
| 2000-04-01 | 27.1642105263158 | 32.6878586997101 |
| 2000-05-01 | 26.3731818181818 | 28.680806342167 |
| 2000-06-01 | 21.54 | 22.9098920168197 |
| 2000-07-01 | 19.893 | 17.9940041617101 |
| 2000-08-01 | 18.0886956521739 | 16.2240263066509 |
| 2000-09-01 | 19.6875 | 15.2213529749632 |
| 2000-10-01 | 25.2 | 23.3770935183319 |
| 2000-11-01 | 26.3828571428572 | 24.8314284659763 |
| 2000-12-01 | 26.5305 | 25.2602014307856 |
| 2001-01-01 | 24.9185714285714 | 27.3805393141132 |
| 2001-02-01 | 23.4115789473684 | 21.5660676977265 |
| 2001-03-01 | 28.5355 | 26.8304241377214 |
| 2001-04-01 | 28.134 | 28.2701981028166 |
| 2001-05-01 | 22.9440909090909 | 21.9254257394024 |
| 2001-06-01 | 20.9404761904762 | 18.0822128654802 |
| 2001-07-01 | 22.3161904761905 | 17.4193294710987 |
| 2001-08-01 | 21.8617391304348 | 16.9841544699636 |
| 2001-09-01 | 35.0653333333333 | 25.3569713891411 |
| 2001-10-01 | 32.6122727272727 | 27.4367999887062 |
| 2001-11-01 | 26.6309523809524 | 23.6981889396099 |
| 2001-12-01 | 23.72 | 18.8072309647204 |
| 2002-01-01 | 22.2528571428571 | 16.0823297970751 |
| 2002-02-01 | 22.8757894736842 | 19.0202983546813 |
| 2002-03-01 | 18.985 | 18.1585417810277 |
| 2002-04-01 | 19.9004545454546 | 16.3547188331623 |
| 2002-05-01 | 20.0877272727273 | 17.4711165629162 |
| 2002-06-01 | 25.271 | 21.1454020296322 |
| 2002-07-01 | 34.0495454545455 | 33.8043402993551 |
| 2002-08-01 | 33.7427272727273 | 37.9970590062618 |
| 2002-09-01 | 37.6475 | 31.1501032804647 |
| 2002-10-01 | 35.4295454545455 | 35.1071320512899 |
| 2002-11-01 | 28.175 | 29.8305015240453 |
| 2002-12-01 | 28.2104761904762 | 23.9800034219901 |
| 2003-01-01 | 27.5063157894737 | 21.4628478486314 |
| 2003-02-01 | 32.2184210526316 | 23.2593870122108 |
| 2003-03-01 | 30.6342857142857 | 24.0218289738448 |
| 2003-04-01 | 23.9919047619048 | 22.7465383863361 |
| 2003-05-01 | 20.2395238095238 | 19.4071273828041 |
| 2003-06-01 | 20.362380952381 | 17.8869051111226 |
| 2003-07-01 | 19.1613636363636 | 17.9589048760657 |
| 2003-08-01 | 19.2742857142857 | 17.448493136957 |
| 2003-09-01 | 19.532380952381 | 14.6348784791715 |
| 2003-10-01 | 18.0234782608696 | 14.405381873116 |
| 2003-11-01 | 17.401052631579 | 13.1549348791481 |
| 2003-12-01 | 16.8263636363636 | 11.906991773554 |
| 2004-01-01 | 15.9533333333333 | 11.1378087202569 |
| 2004-02-01 | 15.9984210526316 | 12.4221810605857 |
| 2004-03-01 | 17.6873913043478 | 13.1147194056921 |
| 2004-04-01 | 15.6985714285714 | 13.2274186911629 |
| 2004-05-01 | 17.705 | 15.3016897629272 |
| 2004-06-01 | 15.3571428571429 | 12.4740602472547 |
| 2004-07-01 | 15.502380952381 | 11.5633701146869 |
| 2004-08-01 | 16.6840909090909 | 12.5154448567859 |
| 2004-09-01 | 14.0809523809524 | 10.519393960871 |
| 2004-10-01 | 14.97 | 10.5459130496825 |
| 2004-11-01 | 13.5771428571429 | 11.217321588759 |
| 2004-12-01 | 12.4595454545455 | 10.5386600355029 |
| 2005-01-01 | 13.438 | 10.6873782887732 |
| 2005-02-01 | 11.7089473684211 | 9.97465557111733 |
| 2005-03-01 | 13.1263636363636 | 10.4567346428499 |
| 2005-04-01 | 14.4590476190476 | 11.9567351528708 |
| 2005-05-01 | 13.967619047619 | 13.1314681915385 |
| 2005-06-01 | 11.8686363636364 | 10.8818181175321 |
| 2005-07-01 | 11.049 | 10.2972022553332 |
| 2005-08-01 | 12.9513043478261 | 9.66989939317304 |
| 2005-09-01 | 12.6280952380952 | 10.3331681092304 |
| 2005-10-01 | 14.937619047619 | 12.9390337558186 |
| 2005-11-01 | 12.147619047619 | 11.9901116099569 |
| 2005-12-01 | 11.26 | 9.8649394440306 |
| 2006-01-01 | 12.036 | 9.74791739732112 |
| 2006-02-01 | 12.4710526315789 | 10.3938405697209 |
| 2006-03-01 | 11.6939130434783 | 9.67370137416976 |
| 2006-04-01 | 11.8473684210526 | 10.1788834502894 |
| 2006-05-01 | 14.4545454545455 | 11.8806200872891 |
| 2006-06-01 | 16.9186363636364 | 15.1870287801797 |
| 2006-07-01 | 15.326 | 13.8181041242021 |
| 2006-08-01 | 13.3517391304348 | 12.263088263504 |
| 2006-09-01 | 12.1845 | 9.58071630752862 |
| 2006-10-01 | 11.3063636363636 | 8.873216326934 |
| 2006-11-01 | 10.817619047619 | 9.05119711760343 |
| 2006-12-01 | 10.9645 | 9.47902907537539 |
| 2007-01-01 | 11.0425 | 9.45235901903934 |
| 2007-02-01 | 11.1552631578947 | 9.09358124877726 |
| 2007-03-01 | 15.1627272727273 | 14.3361038668226 |
| 2007-04-01 | 12.933 | 11.4107419790654 |
| 2007-05-01 | 13.2977272727273 | 9.91667647479658 |
| 2007-06-01 | 14.947619047619 | 11.4161527967639 |
| 2007-07-01 | 17.2733333333333 | 13.5221632120889 |
| 2007-08-01 | 25.0260869565217 | 23.4414678432391 |
| 2007-09-01 | 22.1989473684211 | 19.7494170543716 |
| 2007-10-01 | 19.115652173913 | 15.5003550166187 |
| 2007-11-01 | 25.582380952381 | 21.5188720679735 |
| 2007-12-01 | 21.651 | 21.0025149777631 |
| 2008-01-01 | 25.8161904761905 | 25.1528507773744 |
| 2008-02-01 | 25.456 | 27.9576830833963 |
| 2008-03-01 | 27.1035 | 26.739649895456 |
| 2008-04-01 | 21.5627272727273 | 21.3847819502476 |
| 2008-05-01 | 18.3033333333333 | 16.8152574589767 |
| 2008-06-01 | 22.1104761904762 | 17.3955805200852 |
| 2008-07-01 | 24.3213636363636 | 23.0673832686695 |
| 2008-08-01 | 20.6957142857143 | 20.3813003885528 |
| 2008-09-01 | 30.2385714285714 | 30.1249601444882 |
| 2008-10-01 | 61.1773913043478 | 66.4198551252153 |
| 2008-11-01 | 62.6689473684211 | 72.3722250540717 |
| 2008-12-01 | 52.405 | 61.6483223096414 |
| 2009-01-01 | 44.683 | 43.4404416457835 |
| 2009-02-01 | 45.5705263157895 | 40.5077633571082 |
| 2009-03-01 | 44.7954545454545 | 42.7470902919704 |
| 2009-04-01 | 38.0638095238095 | 35.2243776819124 |
| 2009-05-01 | 31.978 | 29.4093522704149 |
| 2009-06-01 | 29.1404545454546 | 25.101637018703 |
| 2009-07-01 | 26.1627272727273 | 21.5356212524705 |
| 2009-08-01 | 25.3371428571429 | 19.3378803978982 |
| 2009-09-01 | 24.9266666666667 | 17.4987228595902 |
| 2009-10-01 | 24.2522727272727 | 17.5832425457547 |
| 2009-11-01 | 23.789 | 19.4989832685217 |
| 2009-12-01 | 21.2395454545455 | 15.2776942105976 |
| 2010-01-01 | 20.6431578947368 | 12.8494001140362 |
| 2010-02-01 | 22.54 | 17.9329688098292 |
| 2010-03-01 | 17.7673913043478 | 14.1407586118572 |
| 2010-04-01 | 17.4242857142857 | 12.4960129492056 |
| 2010-05-01 | 31.9295 | 27.616385100128 |
| 2010-06-01 | 29.9163636363636 | 27.0033198071523 |
| 2010-07-01 | 25.5652380952381 | 23.0369353165766 |
| 2010-08-01 | 24.7459090909091 | 18.9061253786199 |
| 2010-09-01 | 22.517619047619 | 16.8480843049709 |
| 2010-10-01 | 20.3733333333333 | 14.9000115706551 |
| 2010-11-01 | 20.0957142857143 | 13.9483436272202 |
| 2010-12-01 | 17.5695454545455 | 11.8504105743044 |
| 2011-01-01 | 17.3155 | 9.74390125655058 |
| 2011-02-01 | 17.43 | 10.6359691290875 |
| 2011-03-01 | 20.7234782608696 | 14.3134739020755 |
| 2011-04-01 | 16.244 | 12.4204123936268 |
| 2011-05-01 | 16.9114285714286 | 12.3684577366147 |
| 2011-06-01 | 19.1531818181818 | 13.5680367136646 |
| 2011-07-01 | 19.2275 | 13.787277725518 |
| 2011-08-01 | 35.0291304347826 | 31.7411556742466 |
| 2011-09-01 | 36.53 | 30.9672752123916 |
| 2011-10-01 | 32.8290476190476 | 30.1794030465342 |
| 2011-11-01 | 31.9419047619048 | 25.0314516008399 |
| 2011-12-01 | 25.047619047619 | 20.63205667548 |
| 2012-01-01 | 20.228 | 15.4809582755553 |
| 2012-02-01 | 18.4205 | 12.4183476587727 |
| 2012-03-01 | 16.1672727272727 | 10.9087729013639 |
| 2012-04-01 | 17.823 | 11.5046348358261 |
| 2012-05-01 | 21.0018181818182 | 13.730282166464 |
| 2012-06-01 | 21.1309523809524 | 15.5777199244979 |
| 2012-07-01 | 17.5652380952381 | 14.8109130225382 |
| 2012-08-01 | 15.6895652173913 | 13.1423755348345 |
| 2012-09-01 | 15.2847368421053 | 10.9841120485788 |
| 2012-10-01 | 16.2761904761905 | 11.2753553642754 |
| 2012-11-01 | 16.7019047619048 | 13.8200683775027 |
| 2012-12-01 | 17.307 | 12.8884953319446 |
| 2013-01-01 | 13.5052380952381 | 11.7551454024574 |
| 2013-02-01 | 14.0726315789474 | 9.6495110354677 |
| 2013-03-01 | 13.0315 | 10.1390976716194 |
| 2013-04-01 | 13.9672727272727 | 11.4565720628517 |
| 2013-05-01 | 13.4936363636364 | 11.6164290237219 |
| 2013-06-01 | 17.2715 | 14.509983121485 |
| 2013-07-01 | 13.9745454545455 | 13.4914898181484 |
| 2013-08-01 | 14.21 | 10.4054302941643 |
| 2013-09-01 | 14.692 | 10.6991052623393 |
| 2013-10-01 | 15.4078260869565 | 11.2150927348954 |
| 2013-11-01 | 12.924 | 9.89415405353797 |
| 2013-12-01 | 14.192380952381 | 9.50384248648668 |
| 2014-01-01 | 14.2409523809524 | 9.33957925764621 |
| 2014-02-01 | 15.47 | 11.7748535275775 |
| 2014-03-01 | 14.8366666666667 | 11.6442961943832 |
| 2014-04-01 | 14.1980952380952 | 12.2080339641676 |
| 2014-05-01 | 12.4752380952381 | 10.9881901849208 |
| 2014-06-01 | 11.5414285714286 | 8.25936780346822 |
| 2014-07-01 | 12.2963636363636 | 7.98458548359582 |
| 2014-08-01 | 13.4919047619048 | 9.82519799065031 |
| 2014-09-01 | 13.4666666666667 | 8.81618791595465 |
| 2014-10-01 | 18.0586956521739 | 15.8165395387132 |
| 2014-11-01 | 13.4131578947368 | 13.3932853908409 |
| 2014-12-01 | 16.2922727272727 | 12.6741044035557 |
| 2015-01-01 | 19.1195 | 15.7550417067013 |
| 2015-02-01 | 15.9042105263158 | 15.0562743886517 |
| 2015-03-01 | 14.8127272727273 | 11.9047295943584 |
| 2015-04-01 | 13.4947619047619 | 11.3616802806904 |
| 2015-05-01 | 13.3385 | 10.8690891690135 |
| 2015-06-01 | 14.3395454545455 | 10.1824097862168 |
| 2015-07-01 | 14.3527272727273 | 11.1977059957679 |
| 2015-08-01 | 19.4280952380952 | 17.1530302472488 |
| 2015-09-01 | 24.3771428571429 | 26.9224605625445 |
| 2015-10-01 | 16.7895454545455 | 19.5533650990488 |
| 2015-11-01 | 16.21 | 14.1206737526078 |
| 2015-12-01 | 18.0254545454546 | 14.7604781015043 |
| 2016-01-01 | 23.7178947368421 | 20.9735640019836 |
| 2016-02-01 | 22.517 | 23.7852691202486 |
| 2016-03-01 | 15.8490909090909 | 17.4379012300363 |
| 2016-04-01 | 14.3004761904762 | 12.5654996446105 |
| 2016-05-01 | 14.8528571428571 | 11.4540691838254 |
| 2016-06-01 | 17.7745454545455 | 11.1199168489964 |
| 2016-07-01 | 13.1585 | 11.5356673746189 |
| 2016-08-01 | 12.3995652173913 | 8.42344914258349 |
| 2016-09-01 | 14.2195238095238 | 9.49952683714187 |
| 2016-10-01 | 14.5852380952381 | 9.86269786576323 |
| 2016-11-01 | 15.2361904761905 | 10.7445389217905 |
| 2016-12-01 | 12.472380952381 | 9.00806748358427 |
| 2017-01-01 | 11.6085 | 8.06667755232903 |
| 2017-02-01 | 11.5305263157895 | 7.16680052672617 |
| 2017-03-01 | 11.8978260869565 | 7.20425579470814 |
| 2017-04-01 | 13.1363157894737 | 8.49119805401975 |
| 2017-05-01 | 10.8622727272727 | 7.24554102619391 |
| 2017-06-01 | 10.5136363636364 | 7.01135347886278 |
| 2017-07-01 | 10.2645 | 7.11832760598308 |
| 2017-08-01 | 11.975652173913 | 6.90599949228838 |
| 2017-09-01 | 10.438 | 6.53940043558445 |
| 2017-10-01 | 10.1254545454545 | 5.27240561870074 |
| 2017-11-01 | 10.5404761904762 | 5.84313701418266 |
| 2017-12-01 | 10.2645 | 7.23294302659426 |
| 2018-01-01 | 11.062380952381 | 6.7734965132802 |
| 2018-02-01 | 22.4647368421053 | 20.5666772945252 |
| 2018-03-01 | 19.0238095238095 | 19.2564396085272 |
| 2018-04-01 | 18.267619047619 | 19.5753391062027 |
| 2018-05-01 | 14.1245454545455 | 14.806434404511 |
| 2018-06-01 | 13.6780952380952 | 11.0423450680728 |
| 2018-07-01 | 13.147619047619 | 10.0258482725225 |
| 2018-08-01 | 12.5469565217391 | 8.2686284306407 |
| 2018-09-01 | 12.9105263157895 | 8.1963121478197 |
| 2018-10-01 | 19.3521739130435 | 14.6736031463323 |
| 2018-11-01 | 19.3890476190476 | 20.335237204923 |
| 2018-12-01 | 24.9531578947368 | 24.2252987448758 |
| 2019-01-01 | 19.572380952381 | 24.8063947938106 |
| 2019-02-01 | 15.2347368421053 | 16.1560362388421 |
| 2019-03-01 | 14.4852380952381 | 12.5371319032061 |
| 2019-04-01 | 12.9490476190476 | 10.4180368816075 |
| 2019-05-01 | 16.7218181818182 | 11.9576209315352 |
| 2019-06-01 | 15.836 | 12.2991138645705 |
| 2019-07-01 | 13.3059090909091 | 9.34037551343724 |
| 2019-08-01 | 18.9790909090909 | 15.5035394497135 |
| 2019-09-01 | 15.559 | 13.7180510876017 |
| 2019-10-01 | 15.4665217391304 | 12.9350727596281 |
| 2019-11-01 | 12.5235 | 9.15161293537281 |
| 2019-12-01 | 13.7566666666667 | 8.39704013109015 |
| 2020-01-01 | 13.9409523809524 | 7.98142984145692 |
| 2020-02-01 | 19.6289473684211 | 12.233096976289 |
| 2020-03-01 | 57.7368181818182 | 56.5426020151589 |
| 2020-04-01 | 41.4538095238095 | 53.3951438592826 |
| 2020-05-01 | 30.897 | 32.7469887817797 |
| 2020-06-01 | 31.1195454545455 | 25.6174742426898 |
| 2020-07-01 | 26.8404545454546 | 21.4970648571528 |
| 2020-08-01 | 22.8895238095238 | 15.3647441735047 |
| 2020-09-01 | 27.6476190476191 | 20.5360406171072 |
| 2020-10-01 | 29.4386363636364 | 19.5822080500539 |
| 2020-11-01 | 24.9955 | 20.0319786155574 |
| 2020-12-01 | 22.3740909090909 | 14.5451660161401 |
| 2021-01-01 | 24.91 | 13.9522506897684 |
| 2021-02-01 | 23.1405263157895 | 15.0551128896779 |
| 2021-03-01 | 21.8430434782609 | 18.371721078781 |
| 2021-04-01 | 17.4161904761905 | 13.2276076117819 |
| 2021-05-01 | 19.7605 | 12.8215926023571 |
| 2021-06-01 | 16.9568181818182 | 10.6002225312334 |
| 2021-07-01 | 17.6033333333333 | 9.5237529331444 |
| 2021-08-01 | 17.4727272727273 | 8.99279589250714 |
| 2021-09-01 | 19.8247619047619 | 9.90314315614522 |
| 2021-10-01 | 17.8714285714286 | 13.1418968212253 |
| 2021-11-01 | 18.5004761904762 | 10.7540325596984 |
| 2021-12-01 | 21.3545454545455 | 15.7911205645595 |
| 2022-01-01 | 23.181 | 17.9231521085962 |
| 2022-02-01 | 25.7484210526316 | 24.0564335201844 |
| 2022-03-01 | 26.9686956521739 | 24.4081447499736 |
| 2022-04-01 | 24.3735 | 19.5757782402976 |
| 2022-05-01 | 29.4457142857143 | 27.6591722201405 |
| 2022-06-01 | 28.1 | 26.567453871636 |
| 2022-07-01 | 24.8685 | 24.1712604272163 |
| 2022-08-01 | 22.1695652173913 | 18.5800194480429 |
| 2022-09-01 | 27.4061904761905 | 21.3656279935626 |
| 2022-10-01 | 30.0057142857143 | 24.7752300862522 |
| 2022-11-01 | 23.4361904761905 | 23.4598409753639 |
| 2022-12-01 | 21.7842857142857 | 20.0699667470874 |
| 2023-01-01 | 20.203 | 18.8679464212599 |
| 2023-02-01 | 20.0621052631579 | 18.0139118587927 |
| 2023-03-01 | 21.644347826087 | 18.3997332902934 |
| 2023-04-01 | 17.8178947368421 | 14.9645498030428 |
| 2023-05-01 | 17.6440909090909 | 12.8473565080104 |
| 2023-06-01 | 13.9942857142857 | 11.6528167954919 |
| 2023-07-01 | 13.944 | 9.79553464672482 |
| 2023-08-01 | 15.8539130434783 | 10.9938690671889 |
| 2023-09-01 | 15.241 | 11.2255532378553 |
| 2023-10-01 | 18.8877272727273 | 14.0291624149696 |
| 2023-11-01 | 14.0771428571429 | 12.8520823217932 |
| 2023-12-01 | 12.7185 | 10.5890541813475 |
| 2024-01-01 | 13.3952380952381 | 10.1481041763673 |
| 2024-02-01 | 13.944 | 10.2342782210468 |
| 2024-03-01 | 13.7875 | 10.2054630288833 |
| 2024-04-01 | 16.1377272727273 | 12.0343021067671 |
| 2024-05-01 | 13.0904545454545 | 11.7659888058894 |
| 2024-06-01 | 12.6768421052632 | 10.560666370514 |
| 2024-07-01 | 14.47 | 10.8086626321112 |
| 2024-08-01 | 19.3122727272727 | 16.4221377172606 |
| 2024-09-01 | 17.8115789473684 | 14.7186096999302 |
| 2024-10-01 | 19.9608695652174 | 12.1683408846893 |
| 2024-11-01 | 16.121 | 11.0313343236082 |
| 2024-12-01 | 15.8661904761905 | 10.825382755749 |
| 2025-01-01 | 16.746 | 14.3273474059618 |
| 2025-02-01 | 17.0521052631579 | 13.6955786738396 |
| 2025-03-01 | 21.8414285714286 | 19.5701919227117 |
| 2025-04-01 | 31.9661904761905 | 38.0585720540697 |
| 2025-05-01 | 20.4571428571429 | 27.2342526771974 |
| 2025-06-01 | 18.215 | 17.1655068234505 |
| 2025-07-01 | 16.3290476190476 | 11.5870773417684 |
| 2025-08-01 | 15.75 | 10.3428100868326 |
| 2025-09-01 | 15.7733333333333 | 9.6271091697133 |
| 2025-10-01 | 18.0865217391304 | 11.2942218994813 |
| 2025-11-01 | 20.1016666666667 | 13.7798533689468 |
| 2025-12-01 | 15.6471428571429 | 14.0364258455545 |
| 2026-01-01 | 16.046 | 11.1645597717719 |
| 2026-02-01 | 19.1021052631579 | 13.7189007862878 |
| 2026-03-01 | 25.5968181818182 | 15.6057779200073 |
| 2026-04-01 | 20.361875 | 15.1906226259989 |
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. 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 option-implied volatility median value is 18.93 percent.
Source: Cboe Volatility Index®(VIX®) accessed via Bloomberg Finance L.P.; Federal Reserve Board staff estimates.
Figure 1.7. Corporate bond yields rose slightly but remained in line with historical levels
This is a line chart showing monthly corporate bond yield data from 1997 through April 2026. The y-axis shows percent values ranging from 0 to 24. The chart displays two series: Triple-B (thick blue line) and High-yield (thin black line). The series’ values are volatile, and their patterns mirror each other at different levels. The high-yield bond series ranges from approximately 4 to 22 percent over the period, with significant peaks around 2002 and 2009, reaching about 14 percent and 22 percent respectively. The triple-B bond yield ranges from approximately 3 to 10 percent, with significant peaks around 2002 and 2009, reaching about 8 percent and 10 percent respectively. As of April 2026, the high-yield bond yield is approximately 7 percent, while the triple-B bond yield is about 5 percent.
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.
Figure 1.8. Corporate bond spreads were roughly unchanged and stayed at low levels
This is a line chart showing monthly corporate bond spread data from 1997 through April 2026. The chart uses dual y-axes: the left axis shows percentage points from 0 to 11 for Triple-B spreads (thick blue line), while the right axis shows percentage points from 0 to 22 for High-yield spreads (thin black line). Both series follow similar patterns throughout the period, with spikes every few years. The most dramatic spike occurs during 2008-2009, when high-yield spreads reached approximately 20 percentage points and triple-B spreads approached 8 percentage points. Other notable increases appear around 2001-2002 and 2020. Throughout most of the period between spikes, spreads fluctuate at lower levels. As of April 2026, high-yield spreads are approximately 3 percentage points and Triple-B spreads are close to 1 percentage point.
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.
Figure 1.9. The excess bond premium continued to inch down
Percentage points
| Date | Excess Bond Premium |
|---|---|
| 1997-01-01 | -0.317539376356927 |
| 1997-02-01 | -0.434413636632362 |
| 1997-03-01 | -0.465126400390998 |
| 1997-04-01 | -0.413544020114465 |
| 1997-05-01 | -0.412715712227446 |
| 1997-06-01 | -0.512764363532841 |
| 1997-07-01 | -0.488810054277069 |
| 1997-08-01 | -0.490549508986276 |
| 1997-09-01 | -0.542684881118498 |
| 1997-10-01 | -0.415839916007483 |
| 1997-11-01 | -0.309349255187026 |
| 1997-12-01 | -0.374185626125047 |
| 1998-01-01 | -0.328918340110556 |
| 1998-02-01 | -0.303930004774749 |
| 1998-03-01 | -0.356156803852785 |
| 1998-04-01 | -0.389350960798527 |
| 1998-05-01 | -0.343116746536729 |
| 1998-06-01 | -0.304969917841564 |
| 1998-07-01 | -0.265233203705871 |
| 1998-08-01 | 0.134799413246336 |
| 1998-09-01 | 0.118872093620325 |
| 1998-10-01 | 0.233926816429651 |
| 1998-11-01 | 0.217333879508752 |
| 1998-12-01 | 0.0814109225319024 |
| 1999-01-01 | 0.0730742411399656 |
| 1999-02-01 | -0.151963553959022 |
| 1999-03-01 | -0.14052891820339 |
| 1999-04-01 | -0.181231279978493 |
| 1999-05-01 | -0.179612923696028 |
| 1999-06-01 | -0.116363630063064 |
| 1999-07-01 | -0.0682835057843561 |
| 1999-08-01 | -0.00767215316243974 |
| 1999-09-01 | 0.125659123637883 |
| 1999-10-01 | 0.139451335314659 |
| 1999-11-01 | 0.10433628665986 |
| 1999-12-01 | -0.12520514506796 |
| 2000-01-01 | 0.0596133533015923 |
| 2000-02-01 | 0.148989687965687 |
| 2000-03-01 | 0.414204587182402 |
| 2000-04-01 | 0.571351349837866 |
| 2000-05-01 | 0.753372547401639 |
| 2000-06-01 | 0.800763337539832 |
| 2000-07-01 | 0.881003444778801 |
| 2000-08-01 | 1.03456571827342 |
| 2000-09-01 | 1.14165430202151 |
| 2000-10-01 | 1.53290686158233 |
| 2000-11-01 | 1.61604307713582 |
| 2000-12-01 | 1.61577183254187 |
| 2001-01-01 | 1.16068792040545 |
| 2001-02-01 | 1.19197281536016 |
| 2001-03-01 | 1.12081105676208 |
| 2001-04-01 | 0.930125458143134 |
| 2001-05-01 | 0.78509683178551 |
| 2001-06-01 | 1.0265651865235 |
| 2001-07-01 | 0.794898742014474 |
| 2001-08-01 | 0.7752092687055 |
| 2001-09-01 | 1.24004153433851 |
| 2001-10-01 | 1.05652836363656 |
| 2001-11-01 | -0.0894171550678395 |
| 2001-12-01 | 0.411974770744044 |
| 2002-01-01 | 0.573596310610483 |
| 2002-02-01 | 0.791557193247642 |
| 2002-03-01 | 0.286790942791289 |
| 2002-04-01 | 0.424467451619662 |
| 2002-05-01 | 0.523503745938823 |
| 2002-06-01 | 0.97736124695602 |
| 2002-07-01 | 1.60587032148253 |
| 2002-08-01 | 1.50315434855733 |
| 2002-09-01 | 1.68954537223105 |
| 2002-10-01 | 1.48220453021504 |
| 2002-11-01 | 1.06304119682495 |
| 2002-12-01 | 0.928485489254946 |
| 2003-01-01 | 0.876955100889637 |
| 2003-02-01 | 0.676527339678192 |
| 2003-03-01 | 0.161280870936579 |
| 2003-04-01 | 0.0728515622818056 |
| 2003-05-01 | -0.469248376709989 |
| 2003-06-01 | -0.365160719847621 |
| 2003-07-01 | -1.06897834164265 |
| 2003-08-01 | -0.196126946956831 |
| 2003-09-01 | -0.538433523134723 |
| 2003-10-01 | -0.519450899661858 |
| 2003-11-01 | -0.546746054375089 |
| 2003-12-01 | -0.511680801968721 |
| 2004-01-01 | -0.706708147959021 |
| 2004-02-01 | -0.339292347697588 |
| 2004-03-01 | -0.523403025294241 |
| 2004-04-01 | -0.763477038027154 |
| 2004-05-01 | -0.382450483955631 |
| 2004-06-01 | -0.387600043092248 |
| 2004-07-01 | -0.323628808470184 |
| 2004-08-01 | -0.426028399456261 |
| 2004-09-01 | -0.547313132917373 |
| 2004-10-01 | -0.530731918913433 |
| 2004-11-01 | -0.669831066347583 |
| 2004-12-01 | -0.716216865981799 |
| 2005-01-01 | -0.700555464508473 |
| 2005-02-01 | -0.929551379545252 |
| 2005-03-01 | -0.641944086374261 |
| 2005-04-01 | -0.386108351585318 |
| 2005-05-01 | -0.305421752111089 |
| 2005-06-01 | -0.450682358514603 |
| 2005-07-01 | -0.554641388095218 |
| 2005-08-01 | -0.551625616193267 |
| 2005-09-01 | -0.460300455510964 |
| 2005-10-01 | -0.343762427352879 |
| 2005-11-01 | -0.313698723965016 |
| 2005-12-01 | -0.28434382151187 |
| 2006-01-01 | -0.354781315639892 |
| 2006-02-01 | -0.311275078047011 |
| 2006-03-01 | -0.397910031353417 |
| 2006-04-01 | -0.435380268518091 |
| 2006-05-01 | -0.33842848017979 |
| 2006-06-01 | -0.3463181911291 |
| 2006-07-01 | -0.246004381149031 |
| 2006-08-01 | -0.270706770418571 |
| 2006-09-01 | -0.330707662728139 |
| 2006-10-01 | -0.361373971635773 |
| 2006-11-01 | -0.330221643423272 |
| 2006-12-01 | -0.465170758278502 |
| 2007-01-01 | -0.526044293602995 |
| 2007-02-01 | -0.52077671348161 |
| 2007-03-01 | -0.333043928385992 |
| 2007-04-01 | -0.335854616810923 |
| 2007-05-01 | -0.566723155936156 |
| 2007-06-01 | -0.35702636143142 |
| 2007-07-01 | 0.0533357551225446 |
| 2007-08-01 | 0.158907481006051 |
| 2007-09-01 | 0.0920238743737274 |
| 2007-10-01 | 0.0112513492947501 |
| 2007-11-01 | 0.36016609033949 |
| 2007-12-01 | 0.518020551860191 |
| 2008-01-01 | 0.736542408701243 |
| 2008-02-01 | 0.948014749466466 |
| 2008-03-01 | 1.16993893299938 |
| 2008-04-01 | 0.677983804074845 |
| 2008-05-01 | 0.687666647311948 |
| 2008-06-01 | 0.827745484494406 |
| 2008-07-01 | 1.08159171224504 |
| 2008-08-01 | 1.23146868757685 |
| 2008-09-01 | 1.78238614871826 |
| 2008-10-01 | 3.40931235178372 |
| 2008-11-01 | 3.15278983303053 |
| 2008-12-01 | 3.34538863160099 |
| 2009-01-01 | 2.81587830825045 |
| 2009-02-01 | 3.19333066707112 |
| 2009-03-01 | 2.77290873466668 |
| 2009-04-01 | 2.26504648797358 |
| 2009-05-01 | 1.37363988120024 |
| 2009-06-01 | 0.934782975129598 |
| 2009-07-01 | 0.330154613688646 |
| 2009-08-01 | 0.0651052149909766 |
| 2009-09-01 | 0.0647468841964831 |
| 2009-10-01 | -0.137192367199943 |
| 2009-11-01 | 0.0034607381480507 |
| 2009-12-01 | -0.477443874827091 |
| 2010-01-01 | -0.188741675163904 |
| 2010-02-01 | 0.00936587090819562 |
| 2010-03-01 | -0.149279306741566 |
| 2010-04-01 | -0.264114697480963 |
| 2010-05-01 | -0.118397285906942 |
| 2010-06-01 | 0.0622153867797928 |
| 2010-07-01 | 0.19493184554531 |
| 2010-08-01 | -0.261824355141085 |
| 2010-09-01 | 0.0232038037890501 |
| 2010-10-01 | 0.0247262517482571 |
| 2010-11-01 | -0.106019751428541 |
| 2010-12-01 | -0.390633695439619 |
| 2011-01-01 | 0.00565385492311865 |
| 2011-02-01 | -0.247884337540112 |
| 2011-03-01 | -0.290592184359496 |
| 2011-04-01 | -0.238101577977492 |
| 2011-05-01 | -0.109108555268877 |
| 2011-06-01 | 0.00712564327379761 |
| 2011-07-01 | -0.0327144779340402 |
| 2011-08-01 | -0.0684101366728531 |
| 2011-09-01 | 0.467678962070139 |
| 2011-10-01 | -0.0619834366091148 |
| 2011-11-01 | 0.532617726226456 |
| 2011-12-01 | 0.313968019054395 |
| 2012-01-01 | 0.220129437135025 |
| 2012-02-01 | 0.0937087210310294 |
| 2012-03-01 | -0.31018153580301 |
| 2012-04-01 | -0.126296101107348 |
| 2012-05-01 | -0.0409796893147769 |
| 2012-06-01 | 0.20285532192641 |
| 2012-07-01 | 0.0353286614664823 |
| 2012-08-01 | -0.167517271484942 |
| 2012-09-01 | -0.116349046475303 |
| 2012-10-01 | -0.149373965749306 |
| 2012-11-01 | -0.0186286477657278 |
| 2012-12-01 | -0.136034864415691 |
| 2013-01-01 | -0.0666045595127711 |
| 2013-02-01 | -0.00177599275059536 |
| 2013-03-01 | -0.0674636329590457 |
| 2013-04-01 | -0.0937643708112454 |
| 2013-05-01 | -0.473367753375527 |
| 2013-06-01 | -0.341224974970103 |
| 2013-07-01 | 0.00417307669219235 |
| 2013-08-01 | -0.112118114262674 |
| 2013-09-01 | -0.119501006708793 |
| 2013-10-01 | -0.0223860626637202 |
| 2013-11-01 | 0.0175460209816185 |
| 2013-12-01 | -0.140980057663141 |
| 2014-01-01 | -0.295184524195542 |
| 2014-02-01 | -0.194550425461559 |
| 2014-03-01 | -0.265584718726825 |
| 2014-04-01 | -0.34796860523435 |
| 2014-05-01 | -0.363168536456221 |
| 2014-06-01 | -0.300151707329043 |
| 2014-07-01 | -0.314584925550981 |
| 2014-08-01 | -0.30813991497333 |
| 2014-09-01 | -0.212616274044513 |
| 2014-10-01 | -0.210669743256496 |
| 2014-11-01 | 0.0649049225919969 |
| 2014-12-01 | 0.084750752773151 |
| 2015-01-01 | -0.0381904935468556 |
| 2015-02-01 | -0.29029686927867 |
| 2015-03-01 | -0.128734471042551 |
| 2015-04-01 | 0.00794069312408485 |
| 2015-05-01 | 0.0538794019704576 |
| 2015-06-01 | 0.150843860880193 |
| 2015-07-01 | 0.21334584137024 |
| 2015-08-01 | 0.401628191930441 |
| 2015-09-01 | 0.54122332464724 |
| 2015-10-01 | 0.426644064066382 |
| 2015-11-01 | 0.513103305339533 |
| 2015-12-01 | 0.68272441504821 |
| 2016-01-01 | 0.922275560811427 |
| 2016-02-01 | 0.954497210686127 |
| 2016-03-01 | 0.587324533371777 |
| 2016-04-01 | 0.242314451206914 |
| 2016-05-01 | 0.255077308908171 |
| 2016-06-01 | 0.0683317620605286 |
| 2016-07-01 | 0.0155063447260386 |
| 2016-08-01 | -0.0141662935037714 |
| 2016-09-01 | -0.0672629157274129 |
| 2016-10-01 | -0.0681147203117241 |
| 2016-11-01 | -0.743296787804139 |
| 2016-12-01 | -0.240304268811912 |
| 2017-01-01 | -0.192764150115894 |
| 2017-02-01 | -0.178933670400549 |
| 2017-03-01 | -0.166143749440185 |
| 2017-04-01 | -0.113673968169346 |
| 2017-05-01 | -0.160543682076005 |
| 2017-06-01 | -0.119420648556285 |
| 2017-07-01 | -0.143562864545033 |
| 2017-08-01 | -0.0738717568548439 |
| 2017-09-01 | -0.253036515000767 |
| 2017-10-01 | -0.209524262223985 |
| 2017-11-01 | -0.127046294860894 |
| 2017-12-01 | -0.192033008742179 |
| 2018-01-01 | -0.397677794358899 |
| 2018-02-01 | -0.242237394480149 |
| 2018-03-01 | -0.101422599583716 |
| 2018-04-01 | -0.282293901359953 |
| 2018-05-01 | -0.193855515166557 |
| 2018-06-01 | 0.027816429268217 |
| 2018-07-01 | -0.125270514006334 |
| 2018-08-01 | -0.0939660635678945 |
| 2018-09-01 | -0.175338495859748 |
| 2018-10-01 | 0.00375017187300508 |
| 2018-11-01 | 0.149260208581632 |
| 2018-12-01 | 0.351063541172697 |
| 2019-01-01 | 0.189471360580915 |
| 2019-02-01 | 0.0797119468829584 |
| 2019-03-01 | -0.109392675410409 |
| 2019-04-01 | 0.00984839280021443 |
| 2019-05-01 | -0.0036825871088546 |
| 2019-06-01 | 0.0234017248390142 |
| 2019-07-01 | -0.0312372991937357 |
| 2019-08-01 | -0.144702538017767 |
| 2019-09-01 | -0.223383722974058 |
| 2019-10-01 | -0.219047411553452 |
| 2019-11-01 | -0.163794655551583 |
| 2019-12-01 | -0.274976883071906 |
| 2020-01-01 | -0.235619005509166 |
| 2020-02-01 | -0.145321063914177 |
| 2020-03-01 | 1.19797026602795 |
| 2020-04-01 | 0.655704276887612 |
| 2020-05-01 | 0.411604078966654 |
| 2020-06-01 | 0.0576884357488097 |
| 2020-07-01 | -0.156265552595476 |
| 2020-08-01 | -0.280641886455623 |
| 2020-09-01 | 0.00469593718960359 |
| 2020-10-01 | -0.204235467946646 |
| 2020-11-01 | -0.461481814722808 |
| 2020-12-01 | -0.493424728076543 |
| 2021-01-01 | -0.647608054976324 |
| 2021-02-01 | -0.944269550063237 |
| 2021-03-01 | -0.740825777916474 |
| 2021-04-01 | -0.482830737965128 |
| 2021-05-01 | -0.418763373435248 |
| 2021-06-01 | -0.582553905409788 |
| 2021-07-01 | -0.552920445031568 |
| 2021-08-01 | -0.476630874991348 |
| 2021-09-01 | -0.645362776016806 |
| 2021-10-01 | -0.526416864863888 |
| 2021-11-01 | -0.450947882409971 |
| 2021-12-01 | -0.446463371823406 |
| 2022-01-01 | -0.351762719406 |
| 2022-02-01 | -0.21712204273607 |
| 2022-03-01 | -0.859193350058098 |
| 2022-04-01 | -0.323585537891152 |
| 2022-05-01 | -0.127652180420233 |
| 2022-06-01 | 0.0669855672940851 |
| 2022-07-01 | 0.00846050512875939 |
| 2022-08-01 | -0.0350388170944678 |
| 2022-09-01 | 0.0203017034791641 |
| 2022-10-01 | 0.0985187896466844 |
| 2022-11-01 | -0.224493255932382 |
| 2022-12-01 | -0.00755106372785863 |
| 2023-01-01 | -0.0185337484620765 |
| 2023-02-01 | -0.145764517228616 |
| 2023-03-01 | -0.177338267273106 |
| 2023-04-01 | 0.207238736160031 |
| 2023-05-01 | 0.155877616179653 |
| 2023-06-01 | 0.195339418281797 |
| 2023-07-01 | 0.0342485468195786 |
| 2023-08-01 | 0.0898395610757745 |
| 2023-09-01 | 0.00603189863243591 |
| 2023-10-01 | 0.242305101063632 |
| 2023-11-01 | -0.0643681355095898 |
| 2023-12-01 | -0.211291160382224 |
| 2024-01-01 | -0.0500517190209648 |
| 2024-02-01 | -0.114881014976489 |
| 2024-03-01 | -0.0726924096743176 |
| 2024-04-01 | -0.186259979653688 |
| 2024-05-01 | -0.113654974470575 |
| 2024-06-01 | -0.00744020419786939 |
| 2024-07-01 | -0.0696381883851933 |
| 2024-08-01 | -0.0176842029120807 |
| 2024-09-01 | -0.0761103376139147 |
| 2024-10-01 | -0.344291845389011 |
| 2024-11-01 | -0.206703420933635 |
| 2024-12-01 | -0.44362051063336 |
| 2025-01-01 | -0.280559292785714 |
| 2025-02-01 | -0.234531048456756 |
| 2025-03-01 | -0.0149169215459584 |
| 2025-04-01 | -0.0704105801887802 |
| 2025-05-01 | -0.183617918759031 |
| 2025-06-01 | -0.198278981352787 |
| 2025-07-01 | -0.218703581110052 |
| 2025-08-01 | -0.167239255960758 |
| 2025-09-01 | -0.299930388792049 |
| 2025-10-01 | -0.267161304805849 |
| 2025-11-01 | -0.213311425934379 |
| 2025-12-01 | -0.222272793704302 |
| 2026-01-01 | -0.272490588565267 |
| 2026-02-01 | -0.269417968935825 |
| 2026-03-01 | -0.282418639257303 |
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.
Figure 1.10. Spreads on leveraged loans increased moderately but remained low relative to their historical distribution
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 | ||
| 2025-04-11 | 4.49456995911895 | 2.91976184848826 | ||
| 2025-04-18 | 4.4069086964613 | 2.86740404441381 | ||
| 2025-04-25 | 4.19464462576726 | 2.76728714338179 | ||
| 2025-05-02 | 4.14491908034956 | 2.75395434622603 | ||
| 2025-05-09 | 4.08445506853632 | 2.71035115648258 | ||
| 2025-05-16 | 3.95657976483579 | 2.59583220253553 | ||
| 2025-05-23 | 3.99288291599949 | 2.5777813017595 | ||
| 2025-05-30 | 3.96622782304022 | 2.56644820179043 | ||
| 2025-06-06 | 3.96896004616704 | 2.55342646096036 | ||
| 2025-06-13 | 3.99237606381003 | 2.56732486905654 | ||
| 2025-06-20 | 3.9840021964037 | 2.57757236121635 | ||
| 2025-06-27 | 3.90810280634967 | 2.39637425578523 | ||
| 2025-07-04 | 3.83394645169307 | 2.38137852323914 | ||
| 2025-07-11 | 3.79568395394525 | 2.35822496791222 | ||
| 2025-07-18 | 3.73082820879254 | 2.34450193396479 | ||
| 2025-07-25 | 3.74365903559204 | 2.373383806744 | ||
| 2025-08-01 | 3.7597305244027 | 2.4364372609829 | ||
| 2025-08-08 | 3.70420056075288 | 2.42716456687066 | ||
| 2025-08-15 | 3.70786680274946 | 2.39582682531158 | ||
| 2025-08-22 | 3.6599242730762 | 2.35239009897182 | ||
| 2025-08-29 | 3.64037685215986 | 2.31359635735986 | ||
| 2025-09-05 | 3.62160072610737 | 2.29717030311954 | ||
| 2025-09-12 | 3.60463191795389 | 2.29440591770478 | ||
| 2025-09-19 | 3.60682744599197 | 2.28904255568929 | ||
| 2025-09-26 | 3.61418898989969 | 2.29210596641817 | ||
| 2025-10-03 | 3.63739019421403 | 2.29576833032156 | ||
| 2025-10-10 | 3.73921831408034 | 2.32326446174562 | ||
| 2025-10-17 | 3.74668086836262 | 2.31560357004238 | ||
| 2025-10-24 | 3.72759782468517 | 2.3177550094482 | ||
| 2025-10-31 | 3.69974241322383 | 2.31624118009768 | ||
| 2025-11-07 | 3.7060129266796 | 2.30723135427987 | ||
| 2025-11-14 | 3.70595618753939 | 2.28951367414764 | ||
| 2025-11-21 | 3.73867848525084 | 2.30090791997561 | ||
| 2025-11-28 | 3.73305778139416 | 2.29672114692093 | ||
| 2025-12-05 | 3.69436717686226 | 2.2759434256222 | ||
| 2025-12-12 | 3.66858604927724 | 2.25352113310317 | ||
| 2025-12-19 | 3.695584432735 | 2.25668349397644 | ||
| 2025-12-26 | 3.67856215750698 | 2.25362236309334 | ||
| 2026-01-02 | 3.67534012649998 | 2.25092133614676 | ||
| 2026-01-09 | 3.65987683956145 | 2.22539671114703 | ||
| 2026-01-16 | 3.63796313784786 | 2.25604610929878 | ||
| 2026-01-23 | 3.6710833736819 | 2.26788137210017 | ||
| 2026-01-30 | 3.8401503567273 | 2.36030919341441 | ||
| 2026-02-06 | 3.90916171719773 | 2.37674380575984 | ||
| 2026-02-13 | 3.91522383807364 | 2.39085180110667 | ||
| 2026-02-20 | 3.95594815102181 | 2.42337528416544 | ||
| 2026-02-27 | 4.20148221064115 | 2.40539348862162 | ||
| 2026-03-06 | 4.13726297312374 | 2.38149882692389 | ||
| 2026-03-13 | 4.08183518346111 | 2.35574046538869 | ||
| 2026-03-20 | 4.1090517262691 | 2.37622775911953 | ||
| 2026-03-27 | 4.14602462233183 | 2.40503730317497 | ||
| 2026-04-03 | 4.15144661924948 | 2.41063902471207 | ||
| 2026-04-10 | 4.10105314389434 | 2.4031941906462 | ||
| 2026-04-17 | 3.98971801927381 | 2.35434892241089 |
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.
Figure 1.11. Treasury market depth was volatile but, on net, remained mostly unchanged since November
This is a line chart showing a 5-day moving average of Treasury market depth from January 2019 through April 2026. The chart uses dual y-axes, both measured in millions of dollars: the left scale ranges from 0 to 35 for the 30-year Treasury (thick burgundy line), and the right scale ranges from 0 to 350 for both the 5-year Treasury (thin black line) and 10-year Treasury (medium-thick blue line). All three series show significant volatility throughout the period. Market depth was generally higher in early 2019, with the 5-year Treasury reaching around 250-300 million dollars and the 30-year around 25-30 million dollars. A sharp decline occurred across all maturities in early 2020, with depths dropping to approximately 20 million dollars for 5-year and 10-year Treasuries, and about 5 million dollars for 30-year Treasuries. After recovering somewhat, market depths declined again in 2022-2023 before beginning to recover again. The chart shows a notable drop in April 2025 across all maturities, followed by a recovery throughout the rest of the year. There is a notable increase across all series in January 2026 and volatility through the end of all series in April 2026. As of April 23, 2026, the 30-year depth was approximately 25 million, the 10-year around 150 million, and the 5-year about 100 million dollars.
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.
Figure 1.12. Market depth for the most liquid 2-year on-the-run Treasury note stayed at historically low levels
This is a line chart showing 5-day moving average 2-year Treasury market depth from 2019 to 2026. The y-axis ranges from 0 to 350 millions of dollars. Market depth is plotted as a single black line. The market depth starts around 50 million dollars in 2019, rises significantly through 2020 to peak at about 300 million dollars in early 2021, then drops sharply through 2021 to approximately 50 million dollars by 2022. From 2022 through 2025, the market depth remains relatively flat around 50 million dollars, with only minor fluctuations. As of April 23, 2026, the market depth remains approximately 50 million dollars.
Note: The data show the time-weighted average market depth at the best quoted prices to buy and sell for 2-year Treasury notes.
Source: BrokerTec; Federal Reserve Board staff calculations.
Figure 1.13. A measure of equity market liquidity worsened and remained low
Market depth (number of contracts)
| Date | Close Depth |
|---|---|
| 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 |
| 2025-02-20 | 45.0530864197531 |
| 2025-02-21 | 43.2691358024691 |
| 2025-02-24 | 42.5469135802469 |
| 2025-02-25 | 39.141975308642 |
| 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 |
| 2025-04-14 | 6.65185185185185 |
| 2025-04-15 | 8.07037037037037 |
| 2025-04-16 | 9.68518518518519 |
| 2025-04-17 | 10.4876543209877 |
| 2025-04-21 | 12.7444444444444 |
| 2025-04-22 | 14.3592592592593 |
| 2025-04-23 | 13.7345679012346 |
| 2025-04-24 | 15.2506172839506 |
| 2025-04-25 | 16.3555555555556 |
| 2025-04-28 | 16.1222222222222 |
| 2025-04-29 | 16.2777777777778 |
| 2025-04-30 | 17.2333333333333 |
| 2025-05-01 | 17.1185185185185 |
| 2025-05-02 | 18.3283950617284 |
| 2025-05-05 | 21.0456790123457 |
| 2025-05-06 | 22.0703703703704 |
| 2025-05-07 | 22.5530864197531 |
| 2025-05-08 | 22.358024691358 |
| 2025-05-09 | 22.1296296296296 |
| 2025-05-12 | 22.5049382716049 |
| 2025-05-13 | 24.262962962963 |
| 2025-05-14 | 25.8481481481482 |
| 2025-05-15 | 28.1962962962963 |
| 2025-05-16 | 31.6543209876543 |
| 2025-05-19 | 31.9382716049383 |
| 2025-05-20 | 31.7530864197531 |
| 2025-05-21 | 31.3123456790123 |
| 2025-05-22 | 30.4197530864198 |
| 2025-05-23 | 27.3913580246914 |
| 2025-05-27 | 29.5148148148148 |
| 2025-05-28 | 31.0777777777778 |
| 2025-05-29 | 31.1740740740741 |
| 2025-05-30 | 30.5950617283951 |
| 2025-06-02 | 32.2098765432099 |
| 2025-06-03 | 32.358024691358 |
| 2025-06-04 | 32.0740740740741 |
| 2025-06-05 | 32.2679012345679 |
| 2025-06-06 | 33.8197530864198 |
| 2025-06-09 | 35.7074074074074 |
| 2025-06-10 | 33.4234567901235 |
| 2025-06-11 | 32.0592592592593 |
| 2025-06-12 | 34.4271604938272 |
| 2025-06-13 | 31.6259259259259 |
| 2025-06-16 | 28.5444444444445 |
| 2025-06-17 | 27.3185185185185 |
| 2025-06-18 | 26.0740740740741 |
| 2025-06-20 | 23.5185185185185 |
| 2025-06-23 | 25.1061728395062 |
| 2025-06-24 | 28.8555555555556 |
| 2025-06-25 | 31.8604938271605 |
| 2025-06-26 | 37.0691358024691 |
| 2025-06-27 | 40.5518518518519 |
| 2025-06-30 | 43.8827160493827 |
| 2025-07-01 | 43.2296296296296 |
| 2025-07-02 | 45.5716049382716 |
| 2025-07-03 | 45.2349168008588 |
| 2025-07-07 | 43.7287439613527 |
| 2025-07-08 | 43.4213365539453 |
| 2025-07-09 | 44.2793612453033 |
| 2025-07-10 | 44.899114331723 |
| 2025-07-11 | 44.5320987654321 |
| 2025-07-14 | 48.358024691358 |
| 2025-07-15 | 48.2666666666667 |
| 2025-07-16 | 46.537037037037 |
| 2025-07-17 | 46.6567901234568 |
| 2025-07-18 | 47.3222222222222 |
| 2025-07-21 | 49.158024691358 |
| 2025-07-22 | 51.0086419753086 |
| 2025-07-23 | 52.7753086419753 |
| 2025-07-24 | 52.9234567901235 |
| 2025-07-25 | 54.9222222222222 |
| 2025-07-28 | 54.562962962963 |
| 2025-07-29 | 54.7148148148148 |
| 2025-07-30 | 53.4135802469136 |
| 2025-07-31 | 47.2567901234568 |
| 2025-08-01 | 40.1197530864197 |
| 2025-08-04 | 37.358024691358 |
| 2025-08-05 | 34.058024691358 |
| 2025-08-06 | 33.9962962962963 |
| 2025-08-07 | 34.1938271604938 |
| 2025-08-08 | 39.0567901234568 |
| 2025-08-11 | 39.6395061728395 |
| 2025-08-12 | 44.2962962962963 |
| 2025-08-13 | 47.1024691358025 |
| 2025-08-14 | 50.7148148148148 |
| 2025-08-15 | 50.158024691358 |
| 2025-08-18 | 50.8753086419753 |
| 2025-08-19 | 48.7975308641975 |
| 2025-08-20 | 44.8320987654321 |
| 2025-08-21 | 42.0086419753086 |
| 2025-08-22 | 40.6098765432099 |
| 2025-08-25 | 41.7185185185185 |
| 2025-08-26 | 44.0592592592593 |
| 2025-08-27 | 50.8543209876543 |
| 2025-08-28 | 56.8407407407408 |
| 2025-08-29 | 59.1493827160494 |
| 2025-09-02 | 56.0679012345679 |
| 2025-09-03 | 54.5777777777778 |
| 2025-09-04 | 53.4246913580247 |
| 2025-09-05 | 46.9333333333333 |
| 2025-09-08 | 47.383950617284 |
| 2025-09-09 | 50.6728395061728 |
| 2025-09-10 | 51.5086419753086 |
| 2025-09-11 | 51.979012345679 |
| 2025-09-12 | 60.9506172839506 |
| 2025-09-15 | 59.9950617283951 |
| 2025-09-16 | 60.3172839506173 |
| 2025-09-17 | 57.483950617284 |
| 2025-09-18 | 54.7703703703704 |
| 2025-09-19 | 51.9172839506173 |
| 2025-09-22 | 56.7765432098766 |
| 2025-09-23 | 54.7950617283951 |
| 2025-09-24 | 56.662962962963 |
| 2025-09-25 | 55.7185185185185 |
| 2025-09-26 | 51.7407407407407 |
| 2025-09-29 | 47.1111111111111 |
| 2025-09-30 | 47.2061728395062 |
| 2025-10-01 | 50.5135802469136 |
| 2025-10-02 | 53.8962962962963 |
| 2025-10-03 | 57.1234567901235 |
| 2025-10-06 | 61.3197530864198 |
| 2025-10-07 | 60.7827160493827 |
| 2025-10-08 | 61.4444444444445 |
| 2025-10-09 | 59.6061728395062 |
| 2025-10-10 | 52.158024691358 |
| 2025-10-13 | 45.1271604938272 |
| 2025-10-14 | 42.1333333333333 |
| 2025-10-15 | 34.5493827160494 |
| 2025-10-16 | 28.0703703703704 |
| 2025-10-17 | 28.1518518518519 |
| 2025-10-20 | 32.5246913580247 |
| 2025-10-21 | 36.5283950617284 |
| 2025-10-22 | 35.3592592592593 |
| 2025-10-23 | 40.7320987654321 |
| 2025-10-24 | 47.2283950617284 |
| 2025-10-27 | 52.8938271604938 |
| 2025-10-28 | 53.9185185185185 |
| 2025-10-29 | 56.4728395061728 |
| 2025-10-30 | 52.1037037037037 |
| 2025-10-31 | 48.9493827160494 |
| 2025-11-03 | 39.8222222222222 |
| 2025-11-04 | 34.0074074074074 |
| 2025-11-05 | 34.8172839506173 |
| 2025-11-06 | 34.8666666666667 |
| 2025-11-07 | 32.5691358024691 |
| 2025-11-10 | 34.2567901234568 |
| 2025-11-11 | 37.6172839506173 |
| 2025-11-12 | 36.8061728395062 |
| 2025-11-13 | 36.4061728395062 |
| 2025-11-14 | 35.2567901234568 |
| 2025-11-17 | 30.8592592592593 |
| 2025-11-18 | 24.6012345679012 |
| 2025-11-19 | 20.8098765432099 |
| 2025-11-20 | 19.2320987654321 |
| 2025-11-21 | 18.1913580246914 |
| 2025-11-24 | 20.1679012345679 |
| 2025-11-25 | 23.6938271604938 |
| 2025-11-26 | 28.2185185185185 |
| 2025-11-28 | 28.8173376274826 |
| 2025-12-01 | 33.9580783682233 |
| 2025-12-02 | 34.4432635534085 |
| 2025-12-03 | 37.798819108964 |
| 2025-12-04 | 37.9803005904455 |
| 2025-12-05 | 43.7123456790124 |
| 2025-12-08 | 46.2160493827161 |
| 2025-12-09 | 48.6086419753086 |
| 2025-12-10 | 46.4456790123457 |
| 2025-12-11 | 45.7654320987654 |
| 2025-12-12 | 43.5333333333333 |
| 2025-12-15 | 38.0333333333333 |
| 2025-12-16 | 33.4012345679012 |
| 2025-12-17 | 31.0691358024691 |
| 2025-12-18 | 31.2518518518518 |
| 2025-12-19 | 33.5876543209877 |
| 2025-12-22 | 41.1814814814815 |
| 2025-12-23 | 49.8555555555556 |
| 2025-12-24 | 56.0038378958669 |
| 2025-12-26 | 57.693961352657 |
| 2025-12-29 | 58.9840848094471 |
| 2025-12-30 | 59.4161835748792 |
| 2025-12-31 | 54.5544551798175 |
| 2026-01-02 | 49.5333333333333 |
| 2026-01-05 | 51.2827160493827 |
| 2026-01-06 | 54.120987654321 |
| 2026-01-07 | 53.6135802469136 |
| 2026-01-08 | 53.7024691358025 |
| 2026-01-09 | 59.8938271604938 |
| 2026-01-12 | 61.2061728395062 |
| 2026-01-13 | 56.4333333333333 |
| 2026-01-14 | 50.6518518518519 |
| 2026-01-15 | 49.1518518518519 |
| 2026-01-16 | 44.9666666666667 |
| 2026-01-20 | 38.4 |
| 2026-01-21 | 34.4271604938272 |
| 2026-01-22 | 34.779012345679 |
| 2026-01-23 | 34.9691358024691 |
| 2026-01-26 | 36.1962962962963 |
| 2026-01-27 | 41.9049382716049 |
| 2026-01-28 | 43.7481481481481 |
| 2026-01-29 | 41.4469135802469 |
| 2026-01-30 | 37.2296296296296 |
| 2026-02-02 | 35.5172839506173 |
| 2026-02-03 | 28.6012345679012 |
| 2026-02-04 | 25.1975308641975 |
| 2026-02-05 | 22.8604938271605 |
| 2026-02-06 | 24.883950617284 |
| 2026-02-09 | 24.3197530864198 |
| 2026-02-10 | 24.8604938271605 |
| 2026-02-11 | 26.8358024691358 |
| 2026-02-12 | 29.3987654320988 |
| 2026-02-13 | 27.1185185185185 |
| 2026-02-17 | 23.2827160493827 |
| 2026-02-18 | 23.7703703703704 |
| 2026-02-19 | 23.1395061728395 |
| 2026-02-20 | 22.0950617283951 |
| 2026-02-23 | 23.5 |
| 2026-02-24 | 27.6407407407407 |
| 2026-02-25 | 31.683950617284 |
| 2026-02-26 | 33.0148148148148 |
| 2026-02-27 | 34.7135802469136 |
| 2026-03-02 | 34.7444444444445 |
| 2026-03-03 | 30.1098765432099 |
| 2026-03-04 | 25.3901234567901 |
| 2026-03-05 | 22.6407407407407 |
| 2026-03-06 | 20.2222222222222 |
| 2026-03-09 | 18.5407407407407 |
| 2026-03-10 | 18.7901234567901 |
| 2026-03-11 | 17.7061728395062 |
| 2026-03-12 | 18.3358024691358 |
| 2026-03-13 | 19.4345679012346 |
| 2026-03-16 | 20.0802469135802 |
| 2026-03-17 | 21.9345679012346 |
| 2026-03-18 | 22.2469135802469 |
| 2026-03-19 | 21.8827160493827 |
| 2026-03-20 | 21.4271604938272 |
| 2026-03-23 | 20.2827160493827 |
| 2026-03-24 | 19.0987654320988 |
| 2026-03-25 | 18.9111111111111 |
| 2026-03-26 | 19.8753086419753 |
| 2026-03-27 | 20.8111111111111 |
| 2026-03-30 | 22.5530864197531 |
| 2026-03-31 | 21.9345679012346 |
| 2026-04-01 | 22.9617283950617 |
| 2026-04-02 | 22.6012345679012 |
| 2026-04-06 | 20.983950617284 |
| 2026-04-07 | 20.1296296296296 |
| 2026-04-08 | 21.9172839506173 |
| 2026-04-09 | 22.8345679012346 |
| 2026-04-10 | 26.1518518518519 |
| 2026-04-13 | 29.2234567901235 |
| 2026-04-14 | 35.3518518518519 |
| 2026-04-15 | 40.0469135802469 |
| 2026-04-16 | 40.8098765432099 |
| 2026-04-17 | 39.7654320987654 |
| 2026-04-20 | 40.2530864197531 |
| 2026-04-21 | 35.520987654321 |
| 2026-04-22 | 31.7271604938272 |
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 65.91 market depth (number of contracts).
Source: LSEG, Tick History; Federal Reserve Board staff calculations.
Figure 1.14. Inflation-adjusted commercial real estate prices were little changed
Jan. 2001 = 100
| Date | Commercial Real Estate Prices |
|---|---|
| 2001-01-01 | 100 |
| 2001-02-01 | 100.249825309354 |
| 2001-03-01 | 100.544208654346 |
| 2001-04-01 | 100.495261580303 |
| 2001-05-01 | 100.195262907953 |
| 2001-06-01 | 99.9757390301618 |
| 2001-07-01 | 100.062128055161 |
| 2001-08-01 | 99.7910558355248 |
| 2001-09-01 | 99.0707969776493 |
| 2001-10-01 | 99.1447485611365 |
| 2001-11-01 | 99.0414851646791 |
| 2001-12-01 | 99.1433984656 |
| 2002-01-01 | 98.638081042123 |
| 2002-02-01 | 98.0303700767004 |
| 2002-03-01 | 97.3604647385161 |
| 2002-04-01 | 96.8230714267212 |
| 2002-05-01 | 97.0013693745035 |
| 2002-06-01 | 97.3624843509368 |
| 2002-07-01 | 97.9076991192827 |
| 2002-08-01 | 98.4308672077837 |
| 2002-09-01 | 99.2192946951571 |
| 2002-10-01 | 100.018451874976 |
| 2002-11-01 | 100.950744451961 |
| 2002-12-01 | 102.068996042591 |
| 2003-01-01 | 102.476128847586 |
| 2003-02-01 | 102.451650679066 |
| 2003-03-01 | 102.446073823126 |
| 2003-04-01 | 103.156922615208 |
| 2003-05-01 | 103.752358154033 |
| 2003-06-01 | 104.068140740373 |
| 2003-07-01 | 104.424720945996 |
| 2003-08-01 | 104.572226096332 |
| 2003-09-01 | 104.808250615899 |
| 2003-10-01 | 105.450052937449 |
| 2003-11-01 | 106.132749259304 |
| 2003-12-01 | 106.536232317802 |
| 2004-01-01 | 106.342486106097 |
| 2004-02-01 | 106.286187546171 |
| 2004-03-01 | 106.402981219926 |
| 2004-04-01 | 107.090653085843 |
| 2004-05-01 | 107.620307370602 |
| 2004-06-01 | 108.517272966388 |
| 2004-07-01 | 110.022489172739 |
| 2004-08-01 | 111.37593233919 |
| 2004-09-01 | 112.550778885285 |
| 2004-10-01 | 113.243926578208 |
| 2004-11-01 | 114.372319888857 |
| 2004-12-01 | 115.944817040794 |
| 2005-01-01 | 116.893779313431 |
| 2005-02-01 | 117.38676432978 |
| 2005-03-01 | 117.61288124005 |
| 2005-04-01 | 118.031820241596 |
| 2005-05-01 | 119.506709129986 |
| 2005-06-01 | 120.942089923612 |
| 2005-07-01 | 121.994591231493 |
| 2005-08-01 | 123.096532127071 |
| 2005-09-01 | 123.34831933652 |
| 2005-10-01 | 124.686076947606 |
| 2005-11-01 | 126.937513207136 |
| 2005-12-01 | 128.406085953543 |
| 2006-01-01 | 128.230330539286 |
| 2006-02-01 | 128.777210899238 |
| 2006-03-01 | 128.800509904582 |
| 2006-04-01 | 128.255512637912 |
| 2006-05-01 | 128.003732931843 |
| 2006-06-01 | 128.091151417067 |
| 2006-07-01 | 128.036320038752 |
| 2006-08-01 | 128.077944464746 |
| 2006-09-01 | 128.986041975563 |
| 2006-10-01 | 130.006717978689 |
| 2006-11-01 | 130.654671195521 |
| 2006-12-01 | 131.042433346493 |
| 2007-01-01 | 131.449978075598 |
| 2007-02-01 | 131.747252340456 |
| 2007-03-01 | 131.716993972396 |
| 2007-04-01 | 132.052245206853 |
| 2007-05-01 | 132.397483510001 |
| 2007-06-01 | 133.166024571893 |
| 2007-07-01 | 133.865812567684 |
| 2007-08-01 | 134.13832548809 |
| 2007-09-01 | 132.991631790659 |
| 2007-10-01 | 131.44165754161 |
| 2007-11-01 | 129.252210657178 |
| 2007-12-01 | 128.089472339982 |
| 2008-01-01 | 126.425975832569 |
| 2008-02-01 | 125.23209060901 |
| 2008-03-01 | 123.411784641697 |
| 2008-04-01 | 121.861112028698 |
| 2008-05-01 | 119.811917816769 |
| 2008-06-01 | 117.35728842411 |
| 2008-07-01 | 115.357635037715 |
| 2008-08-01 | 114.381199319829 |
| 2008-09-01 | 112.97650573666 |
| 2008-10-01 | 112.308057187478 |
| 2008-11-01 | 112.394027338794 |
| 2008-12-01 | 111.295017345342 |
| 2009-01-01 | 108.476103558939 |
| 2009-02-01 | 105.540660754337 |
| 2009-03-01 | 102.835029548859 |
| 2009-04-01 | 100.079399697161 |
| 2009-05-01 | 97.3133013615638 |
| 2009-06-01 | 94.1219826038708 |
| 2009-07-01 | 92.094520188447 |
| 2009-08-01 | 90.0104228816414 |
| 2009-09-01 | 88.4206812642973 |
| 2009-10-01 | 87.1298470366544 |
| 2009-11-01 | 86.1013956596468 |
| 2009-12-01 | 85.4335935255424 |
| 2010-01-01 | 84.4774939821743 |
| 2010-02-01 | 83.9586260873926 |
| 2010-03-01 | 83.2915360558257 |
| 2010-04-01 | 82.9340518205562 |
| 2010-05-01 | 82.77908354398 |
| 2010-06-01 | 82.8908131832628 |
| 2010-07-01 | 83.0464144087911 |
| 2010-08-01 | 83.2375864204119 |
| 2010-09-01 | 83.601482857601 |
| 2010-10-01 | 83.9575676856934 |
| 2010-11-01 | 84.3315949717738 |
| 2010-12-01 | 84.4858112037522 |
| 2011-01-01 | 84.2460919847531 |
| 2011-02-01 | 83.880144834605 |
| 2011-03-01 | 83.0816606292352 |
| 2011-04-01 | 82.6187641260303 |
| 2011-05-01 | 82.4534817967867 |
| 2011-06-01 | 82.9056944819442 |
| 2011-07-01 | 83.3694841541737 |
| 2011-08-01 | 83.7745308847223 |
| 2011-09-01 | 84.319322213736 |
| 2011-10-01 | 85.0712231384535 |
| 2011-11-01 | 85.5682060768197 |
| 2011-12-01 | 86.0777508454164 |
| 2012-01-01 | 85.9381471558468 |
| 2012-02-01 | 85.7772426393041 |
| 2012-03-01 | 85.3451846316089 |
| 2012-04-01 | 85.2999253411008 |
| 2012-05-01 | 85.6364702942421 |
| 2012-06-01 | 86.0520790537242 |
| 2012-07-01 | 86.5318814706556 |
| 2012-08-01 | 86.4870824653437 |
| 2012-09-01 | 86.6650830403382 |
| 2012-10-01 | 87.3979752309916 |
| 2012-11-01 | 88.5537924913936 |
| 2012-12-01 | 89.4775626044883 |
| 2013-01-01 | 89.8126830343735 |
| 2013-02-01 | 89.6371635438046 |
| 2013-03-01 | 89.9650518583821 |
| 2013-04-01 | 90.6890627763413 |
| 2013-05-01 | 91.2630882832891 |
| 2013-06-01 | 91.8710473584667 |
| 2013-07-01 | 92.6972668613817 |
| 2013-08-01 | 93.4667465721866 |
| 2013-09-01 | 94.2355858024727 |
| 2013-10-01 | 95.3374449553019 |
| 2013-11-01 | 96.3247421327613 |
| 2013-12-01 | 97.0578442832773 |
| 2014-01-01 | 97.3935530050332 |
| 2014-02-01 | 97.7236294076539 |
| 2014-03-01 | 97.7960744617674 |
| 2014-04-01 | 98.2220899769241 |
| 2014-05-01 | 98.7043531043088 |
| 2014-06-01 | 99.3983426870006 |
| 2014-07-01 | 100.294330352214 |
| 2014-08-01 | 101.260511153374 |
| 2014-09-01 | 101.949156081115 |
| 2014-10-01 | 103.019045458588 |
| 2014-11-01 | 104.497095674364 |
| 2014-12-01 | 106.117125453942 |
| 2015-01-01 | 107.651171800518 |
| 2015-02-01 | 108.116894167547 |
| 2015-03-01 | 108.261849139021 |
| 2015-04-01 | 108.71933043853 |
| 2015-05-01 | 108.753814628996 |
| 2015-06-01 | 108.908143758516 |
| 2015-07-01 | 109.407037347339 |
| 2015-08-01 | 110.085387464763 |
| 2015-09-01 | 110.774439926524 |
| 2015-10-01 | 111.341965935395 |
| 2015-11-01 | 112.064810634359 |
| 2015-12-01 | 112.884586316664 |
| 2016-01-01 | 113.039107057231 |
| 2016-02-01 | 113.258369474806 |
| 2016-03-01 | 113.145329178863 |
| 2016-04-01 | 113.127932137982 |
| 2016-05-01 | 113.358181852978 |
| 2016-06-01 | 113.794007005016 |
| 2016-07-01 | 114.822521184475 |
| 2016-08-01 | 115.49967251121 |
| 2016-09-01 | 115.891397804651 |
| 2016-10-01 | 116.261109536995 |
| 2016-11-01 | 116.811936283692 |
| 2016-12-01 | 116.995929572673 |
| 2017-01-01 | 116.472509717762 |
| 2017-02-01 | 116.263327063224 |
| 2017-03-01 | 116.460678158112 |
| 2017-04-01 | 116.640167768932 |
| 2017-05-01 | 117.24296184129 |
| 2017-06-01 | 117.913080659378 |
| 2017-07-01 | 118.752989433296 |
| 2017-08-01 | 119.108214254754 |
| 2017-09-01 | 119.114854340886 |
| 2017-10-01 | 119.697241063806 |
| 2017-11-01 | 120.095126110213 |
| 2017-12-01 | 120.537567931779 |
| 2018-01-01 | 120.301824130944 |
| 2018-02-01 | 120.266080649093 |
| 2018-03-01 | 120.570165564895 |
| 2018-04-01 | 120.704941774823 |
| 2018-05-01 | 120.82948933586 |
| 2018-06-01 | 121.308998492166 |
| 2018-07-01 | 122.034060212189 |
| 2018-08-01 | 122.72658439149 |
| 2018-09-01 | 123.221935340356 |
| 2018-10-01 | 123.410886839915 |
| 2018-11-01 | 124.022211431261 |
| 2018-12-01 | 124.541105459611 |
| 2019-01-01 | 124.536653359619 |
| 2019-02-01 | 124.442925751718 |
| 2019-03-01 | 124.381060494248 |
| 2019-04-01 | 124.516396435743 |
| 2019-05-01 | 125.109046588031 |
| 2019-06-01 | 125.964823871697 |
| 2019-07-01 | 126.572379363748 |
| 2019-08-01 | 127.271382123417 |
| 2019-09-01 | 127.674985652653 |
| 2019-10-01 | 127.705382520951 |
| 2019-11-01 | 127.994158640722 |
| 2019-12-01 | 128.372988877167 |
| 2020-01-01 | 128.228283370578 |
| 2020-02-01 | 128.211475311609 |
| 2020-03-01 | 128.573931275559 |
| 2020-04-01 | 129.150007133283 |
| 2020-05-01 | 128.623213981354 |
| 2020-06-01 | 127.47136483685 |
| 2020-07-01 | 126.831624793346 |
| 2020-08-01 | 127.11856847008 |
| 2020-09-01 | 128.25094286407 |
| 2020-10-01 | 129.739663149812 |
| 2020-11-01 | 131.271318997149 |
| 2020-12-01 | 132.357242702147 |
| 2021-01-01 | 132.880039481456 |
| 2021-02-01 | 133.110255852857 |
| 2021-03-01 | 133.198512125072 |
| 2021-04-01 | 133.291264353906 |
| 2021-05-01 | 133.704398984467 |
| 2021-06-01 | 134.314466334024 |
| 2021-07-01 | 135.969899150177 |
| 2021-08-01 | 138.354704313745 |
| 2021-09-01 | 140.734146272583 |
| 2021-10-01 | 142.190245795683 |
| 2021-11-01 | 143.849250046651 |
| 2021-12-01 | 145.298746523269 |
| 2022-01-01 | 145.188901815405 |
| 2022-02-01 | 144.326346601524 |
| 2022-03-01 | 142.692147920869 |
| 2022-04-01 | 142.566034821715 |
| 2022-05-01 | 142.08921919401 |
| 2022-06-01 | 141.182639349459 |
| 2022-07-01 | 141.53664420681 |
| 2022-08-01 | 141.041025996595 |
| 2022-09-01 | 139.450456772048 |
| 2022-10-01 | 137.172059996189 |
| 2022-11-01 | 135.202036707172 |
| 2022-12-01 | 133.28608579069 |
| 2023-01-01 | 129.970075635318 |
| 2023-02-01 | 127.403408320341 |
| 2023-03-01 | 125.654014880892 |
| 2023-04-01 | 124.111135766504 |
| 2023-05-01 | 123.204093866883 |
| 2023-06-01 | 122.487930748299 |
| 2023-07-01 | 122.179645366407 |
| 2023-08-01 | 121.684573867846 |
| 2023-09-01 | 121.426999908298 |
| 2023-10-01 | 121.453016972638 |
| 2023-11-01 | 121.58444371456 |
| 2023-12-01 | 121.467721746614 |
| 2024-01-01 | 120.473282565134 |
| 2024-02-01 | 119.397555964367 |
| 2024-03-01 | 118.389206396632 |
| 2024-04-01 | 117.83341210123 |
| 2024-05-01 | 117.652246391396 |
| 2024-06-01 | 117.710677246988 |
| 2024-07-01 | 117.676684725353 |
| 2024-08-01 | 117.665464052824 |
| 2024-09-01 | 117.497384959332 |
| 2024-10-01 | 117.361040325444 |
| 2024-11-01 | 117.462831145453 |
| 2024-12-01 | 117.515887112292 |
| 2025-01-01 | 116.852904907851 |
| 2025-02-01 | 116.339351032211 |
| 2025-03-01 | 116.013190845732 |
| 2025-04-01 | 115.63465763689 |
| 2025-05-01 | 115.587772699859 |
| 2025-06-01 | 115.588456166697 |
| 2025-07-01 | 115.888755779574 |
| 2025-08-01 | 115.888114706835 |
| 2025-09-01 | 115.711848834548 |
| 2025-10-01 | NA |
| 2025-11-01 | 115.681022027077 |
| 2025-12-01 | 115.586310804462 |
| 2026-01-01 | 115.31155440209 |
| 2026-02-01 | 115.113938223631 |
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.
Figure 1.15. Income of commercial properties relative to prices leveled off but remained below the historical average
Percent
| Date | Income of Properties Relative to Prices |
|---|---|
| 2001-01-01 | 8.57960367528621 |
| 2001-02-01 | 8.57131220225177 |
| 2001-03-01 | 8.55949650921419 |
| 2001-04-01 | 8.56645662758812 |
| 2001-05-01 | 8.59016909622759 |
| 2001-06-01 | 8.59321142461956 |
| 2001-07-01 | 8.60810138686412 |
| 2001-08-01 | 8.63952328470535 |
| 2001-09-01 | 8.6539424788855 |
| 2001-10-01 | 8.67836122348643 |
| 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 | 8.79082282521681 |
| 2002-09-01 | 8.73005272269647 |
| 2002-10-01 | 8.67000972437558 |
| 2002-11-01 | 8.6145438838387 |
| 2002-12-01 | 8.54266547098476 |
| 2003-01-01 | 8.4951453649705 |
| 2003-02-01 | 8.46439911560566 |
| 2003-03-01 | 8.45487267894076 |
| 2003-04-01 | 8.43433116093127 |
| 2003-05-01 | 8.39557446235061 |
| 2003-06-01 | 8.35318247750999 |
| 2003-07-01 | 8.32300145435436 |
| 2003-08-01 | 8.27185401383806 |
| 2003-09-01 | 8.2559437171791 |
| 2003-10-01 | 8.22754017134271 |
| 2003-11-01 | 8.1983964004634 |
| 2003-12-01 | 8.14812729472043 |
| 2004-01-01 | 8.11364967598769 |
| 2004-02-01 | 8.05189692994486 |
| 2004-03-01 | 7.98945737458991 |
| 2004-04-01 | 7.9433972614186 |
| 2004-05-01 | 7.91257916613073 |
| 2004-06-01 | 7.87596650583647 |
| 2004-07-01 | 7.84541910119111 |
| 2004-08-01 | 7.81826564558289 |
| 2004-09-01 | 7.7599150168233 |
| 2004-10-01 | 7.71352732111643 |
| 2004-11-01 | 7.65644252741626 |
| 2004-12-01 | 7.57371150431539 |
| 2005-01-01 | 7.52654318343086 |
| 2005-02-01 | 7.50044981184285 |
| 2005-03-01 | 7.46181148719755 |
| 2005-04-01 | 7.4120510426928 |
| 2005-05-01 | 7.35125811758326 |
| 2005-06-01 | 7.29374598931409 |
| 2005-07-01 | 7.23649191076026 |
| 2005-08-01 | 7.18568264135297 |
| 2005-09-01 | 7.13300358218308 |
| 2005-10-01 | 7.08331851010984 |
| 2005-11-01 | 7.05229863137565 |
| 2005-12-01 | 7.02189763938368 |
| 2006-01-01 | 6.97458288836828 |
| 2006-02-01 | 6.94323572254012 |
| 2006-03-01 | 6.90542515923458 |
| 2006-04-01 | 6.87137562186526 |
| 2006-05-01 | 6.84527236777527 |
| 2006-06-01 | 6.81407545603452 |
| 2006-07-01 | 6.77720003149241 |
| 2006-08-01 | 6.76350991234199 |
| 2006-09-01 | 6.74312772187639 |
| 2006-10-01 | 6.73527254907578 |
| 2006-11-01 | 6.72540985336631 |
| 2006-12-01 | 6.71087511680539 |
| 2007-01-01 | 6.69411243970466 |
| 2007-02-01 | 6.68267933049765 |
| 2007-03-01 | 6.66879825216465 |
| 2007-04-01 | 6.649831261417 |
| 2007-05-01 | 6.62776549729678 |
| 2007-06-01 | 6.61684183511824 |
| 2007-07-01 | 6.61644569032467 |
| 2007-08-01 | 6.60649311974149 |
| 2007-09-01 | 6.60269304034467 |
| 2007-10-01 | 6.59540813519268 |
| 2007-11-01 | 6.58654716431656 |
| 2007-12-01 | 6.58441847784025 |
| 2008-01-01 | 6.58929993151104 |
| 2008-02-01 | 6.60007880465591 |
| 2008-03-01 | 6.61673563002825 |
| 2008-04-01 | 6.64306681622224 |
| 2008-05-01 | 6.6835196994538 |
| 2008-06-01 | 6.72885598596191 |
| 2008-07-01 | 6.77076604653246 |
| 2008-08-01 | 6.82438156770181 |
| 2008-09-01 | 6.86868300786048 |
| 2008-10-01 | 6.88997634530483 |
| 2008-11-01 | 6.93542677618773 |
| 2008-12-01 | 6.98642834521855 |
| 2009-01-01 | 7.04361079845836 |
| 2009-02-01 | 7.05047586628127 |
| 2009-03-01 | 7.07930860362124 |
| 2009-04-01 | 7.08642279133295 |
| 2009-05-01 | 7.12259258452558 |
| 2009-06-01 | 7.17744594307186 |
| 2009-07-01 | 7.26233256625413 |
| 2009-08-01 | 7.3398975822908 |
| 2009-09-01 | 7.42030246186735 |
| 2009-10-01 | 7.5181360803501 |
| 2009-11-01 | 7.56113544374452 |
| 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 | 7.73071981862502 |
| 2010-11-01 | 7.70579046733194 |
| 2010-12-01 | 7.64954934340345 |
| 2011-01-01 | 7.64183216993825 |
| 2011-02-01 | 7.61493473937715 |
| 2011-03-01 | 7.56656598552162 |
| 2011-04-01 | 7.54414166459532 |
| 2011-05-01 | 7.51032944660157 |
| 2011-06-01 | 7.46547122048468 |
| 2011-07-01 | 7.4344031606709 |
| 2011-08-01 | 7.3841302885243 |
| 2011-09-01 | 7.35075348420003 |
| 2011-10-01 | 7.34536256016838 |
| 2011-11-01 | 7.31978644436661 |
| 2011-12-01 | 7.28632887172173 |
| 2012-01-01 | 7.25013007952159 |
| 2012-02-01 | 7.25076574887201 |
| 2012-03-01 | 7.22886453495041 |
| 2012-04-01 | 7.19427852771269 |
| 2012-05-01 | 7.16437944486823 |
| 2012-06-01 | 7.14593956722262 |
| 2012-07-01 | 7.13228470064486 |
| 2012-08-01 | 7.1222809171691 |
| 2012-09-01 | 7.10940258571355 |
| 2012-10-01 | 7.07597263218182 |
| 2012-11-01 | 7.05184354181789 |
| 2012-12-01 | 7.01746140972864 |
| 2013-01-01 | 7.02124866908843 |
| 2013-02-01 | 7.00429434581165 |
| 2013-03-01 | 6.99508258019446 |
| 2013-04-01 | 6.97780142598283 |
| 2013-05-01 | 6.98206670025758 |
| 2013-06-01 | 6.96371206966058 |
| 2013-07-01 | 6.95809363033462 |
| 2013-08-01 | 6.93061512671381 |
| 2013-09-01 | 6.92715110073046 |
| 2013-10-01 | 6.93098477235943 |
| 2013-11-01 | 6.94044926238027 |
| 2013-12-01 | 6.92503220847628 |
| 2014-01-01 | 6.89880861114798 |
| 2014-02-01 | 6.8827737817896 |
| 2014-03-01 | 6.86369746925737 |
| 2014-04-01 | 6.86381304189313 |
| 2014-05-01 | 6.84420310509865 |
| 2014-06-01 | 6.8220586908165 |
| 2014-07-01 | 6.79627767320975 |
| 2014-08-01 | 6.78108212454374 |
| 2014-09-01 | 6.742199656658 |
| 2014-10-01 | 6.70773736500109 |
| 2014-11-01 | 6.68549492170802 |
| 2014-12-01 | 6.64424572178002 |
| 2015-01-01 | 6.62814958281229 |
| 2015-02-01 | 6.61756927898865 |
| 2015-03-01 | 6.59878056224533 |
| 2015-04-01 | 6.56230161128335 |
| 2015-05-01 | 6.53581641060458 |
| 2015-06-01 | 6.52714981945189 |
| 2015-07-01 | 6.50828496460739 |
| 2015-08-01 | 6.48651944188892 |
| 2015-09-01 | 6.47811593172477 |
| 2015-10-01 | 6.45884758498571 |
| 2015-11-01 | 6.43345191571673 |
| 2015-12-01 | 6.41539331829913 |
| 2016-01-01 | 6.41952923942245 |
| 2016-02-01 | 6.40518454038385 |
| 2016-03-01 | 6.39147323195757 |
| 2016-04-01 | 6.38547210043799 |
| 2016-05-01 | 6.3739571297166 |
| 2016-06-01 | 6.35724932482435 |
| 2016-07-01 | 6.33469905098673 |
| 2016-08-01 | 6.32932748833476 |
| 2016-09-01 | 6.3111164386972 |
| 2016-10-01 | 6.29876390005192 |
| 2016-11-01 | 6.30504696446068 |
| 2016-12-01 | 6.31625488479403 |
| 2017-01-01 | 6.29656268935674 |
| 2017-02-01 | 6.29769794228954 |
| 2017-03-01 | 6.30696359251718 |
| 2017-04-01 | 6.31197593563519 |
| 2017-05-01 | 6.30194933093246 |
| 2017-06-01 | 6.28769050246054 |
| 2017-07-01 | 6.28241838458221 |
| 2017-08-01 | 6.27922641201582 |
| 2017-09-01 | 6.27147346230904 |
| 2017-10-01 | 6.27043212855624 |
| 2017-11-01 | 6.26285956359458 |
| 2017-12-01 | 6.2443598493352 |
| 2018-01-01 | 6.23992827759384 |
| 2018-02-01 | 6.22936552144955 |
| 2018-03-01 | 6.21499901638919 |
| 2018-04-01 | 6.20595962652913 |
| 2018-05-01 | 6.20277094161537 |
| 2018-06-01 | 6.20410538347866 |
| 2018-07-01 | 6.20634523184913 |
| 2018-08-01 | 6.1961046539294 |
| 2018-09-01 | 6.20424638069084 |
| 2018-10-01 | 6.20399785438927 |
| 2018-11-01 | 6.19385349258539 |
| 2018-12-01 | 6.17801057823212 |
| 2019-01-01 | 6.18483233757426 |
| 2019-02-01 | 6.17938772897702 |
| 2019-03-01 | 6.18248962457264 |
| 2019-04-01 | 6.18026814541544 |
| 2019-05-01 | 6.19872376641266 |
| 2019-06-01 | 6.18615155939751 |
| 2019-07-01 | 6.18314340743797 |
| 2019-08-01 | 6.16698428140745 |
| 2019-09-01 | 6.14870727535314 |
| 2019-10-01 | 6.13362167522403 |
| 2019-11-01 | 6.11832901866176 |
| 2019-12-01 | 6.11226022820779 |
| 2020-01-01 | 6.10924647260863 |
| 2020-02-01 | 6.10631247915667 |
| 2020-03-01 | 6.08248157003782 |
| 2020-04-01 | 6.07377253059199 |
| 2020-05-01 | 6.03311365639454 |
| 2020-06-01 | 6.02810361379895 |
| 2020-07-01 | 6.00126543094267 |
| 2020-08-01 | 5.99343876676083 |
| 2020-09-01 | 5.9911057496744 |
| 2020-10-01 | 5.96792222116369 |
| 2020-11-01 | 5.95813620035652 |
| 2020-12-01 | 5.93629937377468 |
| 2021-01-01 | 5.91180777996142 |
| 2021-02-01 | 5.90426402959959 |
| 2021-03-01 | 5.89490339523627 |
| 2021-04-01 | 5.89178043445225 |
| 2021-05-01 | 5.88615328930737 |
| 2021-06-01 | 5.87268624891053 |
| 2021-07-01 | 5.85938515145193 |
| 2021-08-01 | 5.84382420932435 |
| 2021-09-01 | 5.80066994313272 |
| 2021-10-01 | 5.77032055245275 |
| 2021-11-01 | 5.74751718866682 |
| 2021-12-01 | 5.69391362195334 |
| 2022-01-01 | 5.67141535523676 |
| 2022-02-01 | 5.65009926011738 |
| 2022-03-01 | 5.62269701049501 |
| 2022-04-01 | 5.59077176804661 |
| 2022-05-01 | 5.56513127644174 |
| 2022-06-01 | 5.53362554476813 |
| 2022-07-01 | 5.51524598064531 |
| 2022-08-01 | 5.50180710982628 |
| 2022-09-01 | 5.50738412295507 |
| 2022-10-01 | 5.51840690268636 |
| 2022-11-01 | 5.52656581885984 |
| 2022-12-01 | 5.55420156500664 |
| 2023-01-01 | 5.57628455572781 |
| 2023-02-01 | 5.58494265929692 |
| 2023-03-01 | 5.62997462092784 |
| 2023-04-01 | 5.67103534115354 |
| 2023-05-01 | 5.73055873452062 |
| 2023-06-01 | 5.80953134561219 |
| 2023-07-01 | 5.86587951642403 |
| 2023-08-01 | 5.91795682555892 |
| 2023-09-01 | 5.97391593853505 |
| 2023-10-01 | 6.02456040733038 |
| 2023-11-01 | 6.0703830640957 |
| 2023-12-01 | 6.11412436553064 |
| 2024-01-01 | 6.13586033961119 |
| 2024-02-01 | 6.1698447095887 |
| 2024-03-01 | 6.21538355086826 |
| 2024-04-01 | 6.24564742508568 |
| 2024-05-01 | 6.28010507313639 |
| 2024-06-01 | 6.29678785599576 |
| 2024-07-01 | 6.31334325603418 |
| 2024-08-01 | 6.33976715068684 |
| 2024-09-01 | 6.35622726717923 |
| 2024-10-01 | 6.36497759405927 |
| 2024-11-01 | 6.36479061389512 |
| 2024-12-01 | 6.35735702728676 |
| 2025-01-01 | 6.36684342675241 |
| 2025-02-01 | 6.38127413860216 |
| 2025-03-01 | 6.38892128602656 |
| 2025-04-01 | 6.38931290053639 |
| 2025-05-01 | 6.39777362346791 |
| 2025-06-01 | 6.40520441802841 |
| 2025-07-01 | 6.40221073779089 |
| 2025-08-01 | 6.41236170466012 |
| 2025-09-01 | 6.41027519192578 |
| 2025-10-01 | 6.41778640175757 |
| 2025-11-01 | 6.42272467986281 |
| 2025-12-01 | 6.44528947493257 |
| 2026-01-01 | 6.45708208152337 |
| 2026-02-01 | 6.45196775950763 |
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 6.87 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.
Figure 1.16. Banks reported easing lending standards for commercial real estate loans through 2025
This is a line chart showing quarterly data from 1997 to 2025 on bank lending standards for commercial real estate loans. The y-axis shows the net percentage of banks reporting. The y-axis has labels specifying tightening (positive values, upper half) or easing (negative values, lower half) of lending standards, ranging from -100 to 100 percent. The chart displays a single black line that fluctuates between periods of net tightening and easing. It shows a sharp increase to the 40-60 range (tightening) around 2001, reaches near 100 (tightening) around 2008-2009, and spikes again to nearly 80 in early 2020. Between these periods, the line falls into slightly negative territory (easing). Following the 2020 spike, lending standards initially tightened significantly, then eased, and then tightened again reaching around 60 percent in 2022-2023. By 2025:Q4, the line has declined to about -20 percent, suggesting easing lending standards.
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.
Figure 1.17. House prices continued to increase in recent months but at a lower rate
12-month percent change
| Date | Zillow | Cotality | S&P Cotality Case-Shiller |
|---|---|---|---|
| 2003-01-01 | 7.26332534373228 | 9.66152868266327 | 9.6272758502233 |
| 2003-02-01 | 7.3482122487763 | 9.61777224474688 | 9.75880944235376 |
| 2003-03-01 | 7.42269461960809 | 9.58429088869207 | 9.64979224963961 |
| 2003-04-01 | 7.50336554811998 | 9.49300775923305 | 9.46229343175909 |
| 2003-05-01 | 7.58896015990848 | 9.24674212537301 | 9.14810828710986 |
| 2003-06-01 | 7.65022220077094 | 8.99010770817133 | 8.91032453200359 |
| 2003-07-01 | 7.68648472198071 | 8.81912563770217 | 8.86086183199936 |
| 2003-08-01 | 7.72070815308111 | 8.96113850089262 | 9.01146476389 |
| 2003-09-01 | 7.78877467048203 | 9.36680819641868 | 9.22709163346615 |
| 2003-10-01 | 7.86424520720035 | 9.86171880739898 | 9.3863960678611 |
| 2003-11-01 | 7.91725640171262 | 10.2952052765056 | 9.57833228048011 |
| 2003-12-01 | 7.94381869127309 | 10.8679197336748 | 9.81517892253243 |
| 2004-01-01 | 8.00181606663432 | 11.3511147012305 | 10.2311006658833 |
| 2004-02-01 | 8.12949204176173 | 11.7569013120435 | 10.6756019636874 |
| 2004-03-01 | 8.3277833025071 | 12.3069879686945 | 11.4221637924368 |
| 2004-04-01 | 8.56356038999626 | 12.9785169157103 | 12.0239098781516 |
| 2004-05-01 | 8.84171023086702 | 13.4839629429619 | 12.5151699029126 |
| 2004-06-01 | 9.17549172121832 | 14.1276033949337 | 12.9775576071456 |
| 2004-07-01 | 9.54799693663052 | 14.4796887858158 | 13.1377645748236 |
| 2004-08-01 | 9.88596351055245 | 14.5474105858876 | 13.1278958593807 |
| 2004-09-01 | 10.1603455803733 | 14.698750353748 | 13.1529034140648 |
| 2004-10-01 | 10.3782177777532 | 14.9681095906004 | 13.2772865632701 |
| 2004-11-01 | 10.5868627200476 | 15.188981774491 | 13.4971535634503 |
| 2004-12-01 | 10.823488936498 | 15.4564087011392 | 13.6360381006947 |
| 2005-01-01 | 11.0586381131809 | 15.5602440996334 | 13.8014355767181 |
| 2005-02-01 | 11.2633290113605 | 15.8049917294312 | 14.0111244103358 |
| 2005-03-01 | 11.4205472221992 | 16.2089695387848 | 14.2282065519156 |
| 2005-04-01 | 11.601766966608 | 16.3624926382554 | 14.2427144616227 |
| 2005-05-01 | 11.7358134402579 | 16.2100706413348 | 14.2982337872455 |
| 2005-06-01 | 11.8333571834264 | 15.9874245926722 | 14.2838161041722 |
| 2005-07-01 | 11.8564324352367 | 15.8663681123487 | 14.2838387816726 |
| 2005-08-01 | 11.8760852570078 | 16.0143959025292 | 14.373943570407 |
| 2005-09-01 | 11.890630242472 | 16.2366497064579 | 14.5058345690155 |
| 2005-10-01 | 11.8919323394875 | 15.9568832898305 | 14.3698016634677 |
| 2005-11-01 | 11.8663777253134 | 15.5854967444007 | 14.0825396825397 |
| 2005-12-01 | 11.7646428868722 | 15.1807541019128 | 13.5123211697233 |
| 2006-01-01 | 11.5738432520278 | 14.6713165070131 | 12.9269968150878 |
| 2006-02-01 | 11.3166532482438 | 13.8146083005049 | 12.0854690298277 |
| 2006-03-01 | 11.0396665402329 | 12.5058513836115 | 11.0402235994653 |
| 2006-04-01 | 10.6988665564952 | 10.948498773753 | 9.97005988023952 |
| 2006-05-01 | 10.2910111599717 | 9.32141098963921 | 8.74668239457386 |
| 2006-06-01 | 9.75908602039984 | 7.48639427608145 | 7.28403673991396 |
| 2006-07-01 | 9.10021321543758 | 5.90697514965392 | 6.03676048248134 |
| 2006-08-01 | 8.33508479398541 | 4.52550135252654 | 4.82009890297277 |
| 2006-09-01 | 7.48175877132778 | 3.34810581449601 | 3.71037666798039 |
| 2006-10-01 | 6.6339418263863 | 2.42970744142931 | 2.9592750055941 |
| 2006-11-01 | 5.81138423875376 | 1.45387894351358 | 2.19835262689225 |
| 2006-12-01 | 5.05505552618084 | 0.372772769406368 | 1.73227472100382 |
| 2007-01-01 | 4.39214389808884 | -0.53620549337696 | 1.04518055632361 |
| 2007-02-01 | 3.78664818266826 | -1.38486448301622 | 0.534435261707988 |
| 2007-03-01 | 3.17851930640375 | -2.68577022706274 | -0.306429548563613 |
| 2007-04-01 | 2.53238901915153 | -3.55095520788296 | -0.827661312278797 |
| 2007-05-01 | 1.84383499339452 | -4.19923405041239 | -1.35589543334418 |
| 2007-06-01 | 1.15464472568496 | -4.51478799132105 | -1.63099431048497 |
| 2007-07-01 | 0.482553638650514 | -4.84970245398453 | -1.96089052597368 |
| 2007-08-01 | -0.128110867819113 | -5.409371547546 | -2.26668835746435 |
| 2007-09-01 | -0.676396210400567 | -6.2927592138873 | -2.75787187839304 |
| 2007-10-01 | -1.18462988573746 | -7.41579555022049 | -3.54251562075524 |
| 2007-11-01 | -1.69199654383914 | -8.54773577656767 | -4.6125360779829 |
| 2007-12-01 | -2.1913961902598 | -9.63735452560821 | -5.39758773126671 |
| 2008-01-01 | -2.72756043245957 | -10.8156396180269 | -6.37040280210157 |
| 2008-02-01 | -3.31728865170014 | -11.9237382822096 | -7.27790869732011 |
| 2008-03-01 | -3.97276162534871 | -12.589190514778 | -7.84346012404632 |
| 2008-04-01 | -4.67934997561602 | -13.1721710205258 | -8.13155438423105 |
| 2008-05-01 | -5.35861066661931 | -13.2788367811112 | -8.17572025511326 |
| 2008-06-01 | -5.99807705949877 | -13.3054568536223 | -8.26815026991296 |
| 2008-07-01 | -6.58609869362451 | -13.6294298980601 | -8.44245538427537 |
| 2008-08-01 | -7.22557810234874 | -14.0483959544438 | -8.84980302946235 |
| 2008-09-01 | -7.82903668780977 | -14.8735025751202 | -9.60808396605628 |
| 2008-10-01 | -8.39175235000203 | -15.6646533925254 | -10.3475468934828 |
| 2008-11-01 | -8.87292473543934 | -16.1592545957047 | -10.8986069878968 |
| 2008-12-01 | -9.32851331860633 | -16.9412251367868 | -11.9995384792893 |
| 2009-01-01 | -9.70502577657837 | -17.4325200465678 | -12.6958148234744 |
| 2009-02-01 | -9.90914222693294 | -17.0336795334096 | -12.748980436196 |
| 2009-03-01 | -9.98765492158044 | -16.2677625323475 | -12.7397260273973 |
| 2009-04-01 | -9.97954847000264 | -14.9805048098029 | -12.1802534066459 |
| 2009-05-01 | -9.95217344584198 | -13.282061305376 | -11.2807616310401 |
| 2009-06-01 | -9.85000393375858 | -11.5671829554261 | -10.0522428391281 |
| 2009-07-01 | -9.63945453888595 | -10.0364218068342 | -9.02781968499186 |
| 2009-08-01 | -9.29552225736901 | -8.66728546157644 | -8.2846359873387 |
| 2009-09-01 | -8.89048913838323 | -7.46238127539663 | -7.58446050274844 |
| 2009-10-01 | -8.40776569967482 | -5.84724342617998 | -6.64111585825584 |
| 2009-11-01 | -7.75534650201142 | -3.87634475218162 | -5.20920099955148 |
| 2009-12-01 | -6.96855514717154 | -2.23432668517911 | -3.84817097154845 |
| 2010-01-01 | -6.11701004137458 | -1.41933348881028 | -2.91912158543118 |
| 2010-02-01 | -5.38646759896269 | -1.42381968276183 | -3.08901232895272 |
| 2010-03-01 | -4.67244554689381 | -0.290992418900899 | -1.98621254521875 |
| 2010-04-01 | -3.93003009814638 | 0.768487293814944 | -1.04804682183203 |
| 2010-05-01 | -3.19360226487686 | 0.987905911665276 | -0.769386515488956 |
| 2010-06-01 | -2.60227506126864 | 0.668462890991769 | -1.395286734762 |
| 2010-07-01 | -2.29249975066627 | -0.171177011435813 | -2.11608623548922 |
| 2010-08-01 | -2.17256080003218 | -1.20960760771188 | -2.81409703325146 |
| 2010-09-01 | -2.20788880459506 | -2.08985537745997 | -3.35494219073714 |
| 2010-10-01 | -2.36049412007013 | -2.7738386056819 | -3.6745406824147 |
| 2010-11-01 | -2.71331984458354 | -3.56627854269364 | -4.14357171826416 |
| 2010-12-01 | -3.16146798392389 | -3.71118986243568 | -4.12490625213062 |
| 2011-01-01 | -3.64302228920797 | -3.61580800963078 | -4.11724137931034 |
| 2011-02-01 | -4.08345244298512 | -3.55702296055314 | -3.73269956661541 |
| 2011-03-01 | -4.53804429884516 | -4.3349626303882 | -4.05292479108635 |
| 2011-04-01 | -5.07260407799277 | -4.52812704332978 | -4.29848693259973 |
| 2011-05-01 | -5.60813464619361 | -4.41645619624448 | -4.31204516085153 |
| 2011-06-01 | -6.02302820332402 | -3.92663091478192 | -3.89979688557887 |
| 2011-07-01 | -6.14535919206954 | -3.09608999090301 | -3.53754404987802 |
| 2011-08-01 | -6.06068926148397 | -2.33449479834178 | -3.17557877484122 |
| 2011-09-01 | -5.81962118261598 | -1.68171962972741 | -3.07724223774291 |
| 2011-10-01 | -5.55216899214019 | -1.44041005874331 | -3.30468804583245 |
| 2011-11-01 | -5.22744892776964 | -1.39838876823542 | -3.6386714618151 |
| 2011-12-01 | -4.90563433045524 | -1.0287622176628 | -3.88280472194567 |
| 2012-01-01 | -4.5328426693388 | -0.42469283328967 | -3.50284111342876 |
| 2012-02-01 | -4.06691196613933 | 0.502793041198293 | -2.70839384257914 |
| 2012-03-01 | -3.48002015167124 | 1.86055994721859 | -1.3935259108724 |
| 2012-04-01 | -2.77505673919195 | 2.64184375718141 | -0.49586776859504 |
| 2012-05-01 | -1.98687131825818 | 3.33299265858348 | 0.248773900063966 |
| 2012-06-01 | -1.14730989985085 | 3.72741473344825 | 0.859518106242073 |
| 2012-07-01 | -0.35139944826988 | 4.10990403581028 | 1.35590838836589 |
| 2012-08-01 | 0.328961082119578 | 4.64827217966355 | 2.05952884751022 |
| 2012-09-01 | 1.00440022089505 | 5.27876448329644 | 2.98944063926941 |
| 2012-10-01 | 1.70734229127115 | 5.96454509148461 | 4.01734104046243 |
| 2012-11-01 | 2.44029860645917 | 6.93758859225922 | 5.34211489205999 |
| 2012-12-01 | 3.16160761208416 | 7.79816410733256 | 6.43681562592484 |
| 2013-01-01 | 3.8610877433175 | 8.69886077103934 | 7.55813953488373 |
| 2013-02-01 | 4.46483753005745 | 9.37301859925277 | 8.32897977461004 |
| 2013-03-01 | 4.94274977731181 | 9.90818769083834 | 8.89886648020019 |
| 2013-04-01 | 5.37502550739117 | 9.93731090902127 | 9.0278780875343 |
| 2013-05-01 | 5.86449262763046 | 9.76930379632605 | 9.08252977878616 |
| 2013-06-01 | 6.37972584972844 | 9.44570372350343 | 9.26236378876781 |
| 2013-07-01 | 6.77928768387255 | 9.48942880561947 | 9.71095861925556 |
| 2013-08-01 | 7.21093454263142 | 9.63703836915411 | 10.1451278507256 |
| 2013-09-01 | 7.5274732809249 | 9.94294386785945 | 10.6061655697956 |
| 2013-10-01 | 7.88653976193699 | 10.1649998708812 | 10.8293970547374 |
| 2013-11-01 | 8.0263960072661 | 10.0738611905555 | 10.7051059395624 |
| 2013-12-01 | 8.0904951901188 | 9.91159551039374 | 10.7187543445016 |
| 2014-01-01 | 8.00871943802818 | 9.8473090808725 | 10.4365904365904 |
| 2014-02-01 | 7.91831279637114 | 9.80764361701392 | 10.1412332070272 |
| 2014-03-01 | 7.80730537787906 | 8.95583063453392 | 8.94221020615074 |
| 2014-04-01 | 7.64407616171412 | 7.97592618148348 | 7.94912559618442 |
| 2014-05-01 | 7.44207067917962 | 7.02438382742235 | 7.03282417939551 |
| 2014-06-01 | 7.0895875199158 | 6.31454293512168 | 6.2523973916379 |
| 2014-07-01 | 6.81382427081277 | 5.71697905379616 | 5.58503917108921 |
| 2014-08-01 | 6.44361330167722 | 5.33111153354411 | 5.05709624796085 |
| 2014-09-01 | 6.11943658237469 | 5.03775272267705 | 4.74132531629713 |
| 2014-10-01 | 5.60451726034142 | 5.06274581356688 | 4.60670636164211 |
| 2014-11-01 | 5.30232335445734 | 5.02141058651781 | 4.57454819277108 |
| 2014-12-01 | 5.12205842948523 | 4.96893664237709 | 4.5015067805123 |
| 2015-01-01 | 5.09879238827731 | 4.9743812484375 | 4.3109939759036 |
| 2015-02-01 | 5.04174687720314 | 5.05556535544188 | 4.21592543941953 |
| 2015-03-01 | 4.98770633347355 | 5.17327079775433 | 4.27472391115522 |
| 2015-04-01 | 4.97461744075745 | 5.20119716937936 | 4.28939617083946 |
| 2015-05-01 | 4.94061588988682 | 5.18202471733489 | 4.35416287119695 |
| 2015-06-01 | 4.95076186166906 | 5.19158597467455 | 4.35018050541517 |
| 2015-07-01 | 4.98706276228278 | 5.09414851986557 | 4.40402106270942 |
| 2015-08-01 | 5.16545126617347 | 5.09913372671348 | 4.4672718585762 |
| 2015-09-01 | 5.42532830540544 | 5.30028342115949 | 4.65825509776955 |
| 2015-10-01 | 5.8362449877063 | 5.34340281630351 | 4.86518873576993 |
| 2015-11-01 | 6.10778883980186 | 5.41989074778598 | 5.07650765076508 |
| 2015-12-01 | 6.30644027197764 | 5.53103191711578 | 5.19074797236408 |
| 2016-01-01 | 6.4614702710652 | 5.63606949765154 | 5.28183841665163 |
| 2016-02-01 | 6.61443055465369 | 5.64792560183452 | 5.19176520016804 |
| 2016-03-01 | 6.60343844668377 | 5.61409649046053 | 5.06336645445351 |
| 2016-04-01 | 6.51101601870849 | 5.58870275737407 | 5.01912327155046 |
| 2016-05-01 | 6.36988143995512 | 5.4280047090304 | 4.94064245810056 |
| 2016-06-01 | 6.34107547502285 | 5.21080427291163 | 4.88381479559476 |
| 2016-07-01 | 6.17671394316043 | 5.19122249825638 | 4.88308115543329 |
| 2016-08-01 | 5.96535382875391 | 5.15864629182097 | 4.98513606219986 |
| 2016-09-01 | 5.73109949118009 | 5.1773260977944 | 5.09084676037024 |
| 2016-10-01 | 5.56774132827676 | 5.31106679275265 | 5.12512855673637 |
| 2016-11-01 | 5.52277887866184 | 5.42159137218457 | 5.19102278567756 |
| 2016-12-01 | 5.51066938976254 | 5.44233014715151 | 5.3058427094637 |
| 2017-01-01 | 5.45546327005607 | 5.49875719183425 | 5.49682875264271 |
| 2017-02-01 | 5.42942446148429 | 5.62650454008542 | 5.55745749172658 |
| 2017-03-01 | 5.57429405280401 | 5.67687459949874 | 5.62351342167855 |
| 2017-04-01 | 5.80717300514589 | 5.65544328387137 | 5.62528014343345 |
| 2017-05-01 | 5.96607884841954 | 5.6716750410499 | 5.65075140021072 |
| 2017-06-01 | 5.99927893459883 | 5.75409410044312 | 5.68444200109951 |
| 2017-07-01 | 6.07264745916584 | 5.78596039786252 | 5.73224043715848 |
| 2017-08-01 | 6.17909002055665 | 5.85612892232678 | 5.81572642125899 |
| 2017-09-01 | 6.26954122700069 | 5.92332406579569 | 5.90442015984341 |
| 2017-10-01 | 6.32619827257564 | 5.98748300029678 | 6.01119626066634 |
| 2017-11-01 | 6.37245790545936 | 6.0699296756274 | 6.09120521172638 |
| 2017-12-01 | 6.41531456033596 | 6.04430619421152 | 6.1991539212496 |
| 2018-01-01 | 6.45056653481576 | 5.99608654076538 | 6.20159237393707 |
| 2018-02-01 | 6.44234018892099 | 6.18278703148409 | 6.41621621621622 |
| 2018-03-01 | 6.50658240056362 | 6.35534962502654 | 6.45005629724948 |
| 2018-04-01 | 6.45999511259091 | 6.28376013795334 | 6.39719923615532 |
| 2018-05-01 | 6.4674678355696 | 6.16506638935169 | 6.24606340541674 |
| 2018-06-01 | 6.35281090540836 | 5.90233561122501 | 6.12255513940906 |
| 2018-07-01 | 6.42796524255229 | 5.72802574198037 | 5.90728203007906 |
| 2018-08-01 | 6.46983779680618 | 5.51208929543385 | 5.6504734458625 |
| 2018-09-01 | 6.49846082367065 | 5.35872084470502 | 5.41608912161816 |
| 2018-10-01 | 6.30242026004604 | 5.1993136030098 | 5.27557036657267 |
| 2018-11-01 | 6.06834407890004 | 4.89140824264853 | 4.94319926312559 |
| 2018-12-01 | 5.8337321212773 | 4.61859303173252 | 4.52479444359327 |
| 2019-01-01 | 5.68357257601733 | 4.45259023370779 | 4.12586699306404 |
| 2019-02-01 | 5.62254536549167 | 4.17651435020471 | 3.81977954995682 |
| 2019-03-01 | 5.50212027170334 | 3.87647782380493 | 3.62647325475976 |
| 2019-04-01 | 5.3838495329772 | 3.77280316892985 | 3.52477814338418 |
| 2019-05-01 | 5.16366824608091 | 3.73935001501667 | 3.40381385238614 |
| 2019-06-01 | 5.05902079992097 | 3.69401908312698 | 3.20572520954856 |
| 2019-07-01 | 4.82164331713137 | 3.65881560413987 | 3.11341011126294 |
| 2019-08-01 | 4.63553632314542 | 3.7252979646721 | 3.09790550414028 |
| 2019-09-01 | 4.40871271722326 | 3.8211429743109 | 3.16548164020649 |
| 2019-10-01 | 4.44408077145436 | 3.92078480046294 | 3.20931138599396 |
| 2019-11-01 | 4.61256818710405 | 4.14666688757793 | 3.40842598010532 |
| 2019-12-01 | 4.84581061701541 | 4.40567515325995 | 3.67909317437827 |
| 2020-01-01 | 5.06252843343236 | 4.65802619631002 | 4.01136307978647 |
| 2020-02-01 | 5.1924110910826 | 4.94059865287316 | 4.30060179069427 |
| 2020-03-01 | 5.31793585288494 | 5.28051849373824 | 4.57859434237386 |
| 2020-04-01 | 5.40544688537166 | 5.27441388744299 | 4.59908499879604 |
| 2020-05-01 | 5.36796971042045 | 4.97924876530631 | 4.36672877550045 |
| 2020-06-01 | 5.23606117764537 | 5.18234765644446 | 4.37900736167181 |
| 2020-07-01 | 5.23577963769317 | 5.76981065371778 | 4.84145764316138 |
| 2020-08-01 | 5.60131333424794 | 6.35526504352023 | 5.83482944344704 |
| 2020-09-01 | 6.48546233024381 | 7.10854364457987 | 7.04305135951661 |
| 2020-10-01 | 7.51169353168888 | 7.93779984885295 | 8.4131552871231 |
| 2020-11-01 | 8.57408195002274 | 8.67822384428224 | 9.52515678785308 |
| 2020-12-01 | 9.4928376825369 | 9.3896448297475 | 10.4241281809614 |
| 2021-01-01 | 10.2796719050069 | 9.87258002170237 | 11.3156903371633 |
| 2021-02-01 | 11.1048183388215 | 10.3552754316241 | 12.1915751946712 |
| 2021-03-01 | 11.9578879206843 | 11.343800136364 | 13.4829894032348 |
| 2021-04-01 | 13.0454679741896 | 12.7761655568293 | 15 |
| 2021-05-01 | 14.5700588310712 | 14.4554825494424 | 16.914625772488 |
| 2021-06-01 | 16.3773054233754 | 15.786489354126 | 18.815124903308 |
| 2021-07-01 | 17.8546931335207 | 16.3878467337896 | 19.8257572337832 |
| 2021-08-01 | 18.3645152031643 | 16.6225128284002 | 19.9544663184679 |
| 2021-09-01 | 17.8408008043296 | 16.6483081560519 | 19.6683718468866 |
| 2021-10-01 | 17.0345459419891 | 16.5498505156006 | 19.0677228412256 |
| 2021-11-01 | 16.3112349110094 | 16.539837109948 | 18.8013949283162 |
| 2021-12-01 | 15.8769684994141 | 16.7210396228776 | 18.8588255377262 |
| 2022-01-01 | 15.9600883126453 | 16.9326941947265 | 19.2478531240746 |
| 2022-02-01 | 16.3243824026725 | 17.5261394931298 | 20.0443199397918 |
| 2022-03-01 | 16.9443808722698 | 18.1412964563669 | 20.7765081705369 |
| 2022-04-01 | 17.3962759583866 | 18.1984839945806 | 20.7142285210986 |
| 2022-05-01 | 17.4164339350742 | 17.6214163203064 | 19.9216914643696 |
| 2022-06-01 | 16.9832543647969 | 16.0396146752277 | 17.9802389705882 |
| 2022-07-01 | 16.0263171907521 | 14.0596055094303 | 15.6187605952157 |
| 2022-08-01 | 14.9107419139947 | 12.1068262114845 | 12.9396003126047 |
| 2022-09-01 | 13.7477431320984 | 10.5555791829335 | 10.6684846698113 |
| 2022-10-01 | 12.6300962282329 | 9.46073134042285 | 9.12380743502576 |
| 2022-11-01 | 11.3494218436014 | 8.19037127097052 | 7.52699862288903 |
| 2022-12-01 | 9.90518348877618 | 6.80520449632195 | 5.63354996229938 |
| 2023-01-01 | 7.98521038199797 | 5.78606704036979 | 3.83482918869063 |
| 2023-02-01 | 5.92914125436508 | 4.87674901959244 | 2.22214482254188 |
| 2023-03-01 | 3.89183866512307 | 3.70938669999934 | 0.851135978297744 |
| 2023-04-01 | 2.24050896326328 | 2.70044015699059 | 0 |
| 2023-05-01 | 1.04239853425233 | 2.19030066980229 | -0.293848765835176 |
| 2023-06-01 | 0.239676892891281 | 2.21488359641569 | 0.0876424189307566 |
| 2023-07-01 | 0.0380334580210032 | 2.93218213795832 | 1.09478348701572 |
| 2023-08-01 | 0.400293362477905 | 3.89595420010367 | 2.68551469619085 |
| 2023-09-01 | 1.12623060389365 | 4.61784252621486 | 4.05247910492492 |
| 2023-10-01 | 1.75310470506617 | 4.85028522372477 | 4.79013834455499 |
| 2023-11-01 | 2.24092407786294 | 5.16240703122412 | 5.17677193218969 |
| 2023-12-01 | 2.63984615283086 | 5.45953017812681 | 5.67301155676411 |
| 2024-01-01 | 3.12584697998092 | 5.64325453446441 | 6.17014007516228 |
| 2024-02-01 | 3.62268859131979 | 5.62810769602521 | 6.53855327268391 |
| 2024-03-01 | 4.09283501488962 | 5.39466281088733 | 6.53979355099021 |
| 2024-04-01 | 4.33924454804727 | 5.24832525908058 | 6.39095250729638 |
| 2024-05-01 | 4.25888194121626 | 4.95109047034849 | 6.0089069356212 |
| 2024-06-01 | 3.83266561375433 | 4.72424121287786 | 5.49717843938511 |
| 2024-07-01 | 3.34922085158135 | 4.34293076863962 | 4.94085796241984 |
| 2024-08-01 | 2.93529258831488 | 4.03573689397054 | 4.30638898693965 |
| 2024-09-01 | 2.70117346480813 | 3.72704964789637 | 3.89784946236559 |
| 2024-10-01 | 2.59852945347596 | 3.61242852422402 | 3.56423616660807 |
| 2024-11-01 | 2.54774200255625 | 3.55064746145754 | 3.72672797769731 |
| 2024-12-01 | 2.62548990247892 | 3.5379195963678 | 3.99819871980443 |
| 2025-01-01 | 2.67808536439453 | 3.47810122854202 | 4.15433131677179 |
| 2025-02-01 | 2.57792936119373 | 3.15007641030416 | 3.98490469489573 |
| 2025-03-01 | 2.05579048345959 | 2.69585238760374 | 3.43684908161333 |
| 2025-04-01 | 1.37813666213454 | 2.37356281523585 | 2.84298138969419 |
| 2025-05-01 | 0.782194466318152 | 2.09850534898961 | 2.37852531430513 |
| 2025-06-01 | 0.453135681206698 | 1.89702100854163 | 1.94288173629684 |
| 2025-07-01 | 0.293238094826205 | 1.69775716534634 | 1.64312039312038 |
| 2025-08-01 | 0.162191471040503 | 1.55110874133551 | 1.47977234271651 |
| 2025-09-01 | 0.103888676405315 | 1.36063171559373 | 1.29982135156778 |
| 2025-10-01 | 0.0608274897404183 | 1.18649446499094 | 1.31489598123341 |
| 2025-11-01 | 0.111140868728538 | 1.11069998463502 | 1.26660488106272 |
| 2025-12-01 | 0.130212078641713 | 0.952267437848554 | 1.12581962142768 |
| 2026-01-01 | 0.16415022935391 | 0.866268743922859 | 0.831093397596317 |
| 2026-02-01 | 0.233859004604198 | 0.636407878288474 | 0.667404810235596 |
| 2026-03-01 | 0.444875289834562 |
Note: The data extend through March 2026 for Zillow and February 2026 for Cotality and S&P Cotality Case-Shiller.
Source: Zillow, Inc., Real Estate Data; Cotality Real Estate Data; S&P Cotality Case-Shiller Home Price Indices.
Figure 1.18. Model-based measures of house price valuations remained near historically high levels
Percent
| Date | Owners' equivalent rent | Market-based rents |
|---|---|---|
| 1979 Q1 | -2.712909 | |
| 1979 Q2 | -2.148841 | |
| 1979 Q3 | -2.08032 | |
| 1979 Q4 | 0.0419771 | |
| 1980 Q1 | -2.092968 | |
| 1980 Q2 | -3.170985 | |
| 1980 Q3 | -3.978077 | |
| 1980 Q4 | 0.4366504 | |
| 1981 Q1 | 4.968519 | |
| 1981 Q2 | -0.222525 | |
| 1981 Q3 | -1.60401 | |
| 1981 Q4 | 0.9594468 | |
| 1982 Q1 | -1.192375 | |
| 1982 Q2 | 1.595044 | |
| 1982 Q3 | 5.279569 | |
| 1982 Q4 | 2.436953 | |
| 1983 Q1 | 5.484632 | |
| 1983 Q2 | 5.055749 | |
| 1983 Q3 | 4.241498 | |
| 1983 Q4 | -4.282482 | |
| 1984 Q1 | -3.192116 | |
| 1984 Q2 | -4.036955 | |
| 1984 Q3 | -1.318359 | |
| 1984 Q4 | -0.1432529 | |
| 1985 Q1 | 1.704838 | |
| 1985 Q2 | 6.536384 | |
| 1985 Q3 | 8.497767 | |
| 1985 Q4 | 6.288238 | |
| 1986 Q1 | 7.536791 | |
| 1986 Q2 | 5.131183 | |
| 1986 Q3 | 4.403998 | |
| 1986 Q4 | 2.699104 | |
| 1987 Q1 | 0.4204683 | |
| 1987 Q2 | -3.457535 | |
| 1987 Q3 | -2.918561 | |
| 1987 Q4 | -3.744921 | |
| 1988 Q1 | -5.738246 | |
| 1988 Q2 | -0.8263704 | |
| 1988 Q3 | -0.9659998 | |
| 1988 Q4 | 1.98779 | |
| 1989 Q1 | -0.7031106 | |
| 1989 Q2 | 1.961939 | |
| 1989 Q3 | 2.258218 | |
| 1989 Q4 | 2.0615 | |
| 1990 Q1 | 2.717523 | |
| 1990 Q2 | -0.1255082 | |
| 1990 Q3 | -2.134413 | |
| 1990 Q4 | -2.365537 | |
| 1991 Q1 | -0.366154 | |
| 1991 Q2 | 0 | |
| 1991 Q3 | -1.306482 | |
| 1991 Q4 | -2.830128 | |
| 1992 Q1 | -4.00996 | |
| 1992 Q2 | -4.673279 | |
| 1992 Q3 | -3.73222 | |
| 1992 Q4 | -5.92747 | |
| 1993 Q1 | -5.039293 | |
| 1993 Q2 | -5.096634 | |
| 1993 Q3 | -6.261136 | |
| 1993 Q4 | -5.332981 | |
| 1994 Q1 | -6.297098 | |
| 1994 Q2 | -8.552408 | |
| 1994 Q3 | -9.946326 | |
| 1994 Q4 | -9.184146 | |
| 1995 Q1 | -8.314022 | |
| 1995 Q2 | -4.241326 | |
| 1995 Q3 | -2.620878 | |
| 1995 Q4 | -1.499727 | |
| 1996 Q1 | -1.59324 | |
| 1996 Q2 | -5.40153 | |
| 1996 Q3 | -6.186954 | |
| 1996 Q4 | -7.268069 | |
| 1997 Q1 | -6.704612 | |
| 1997 Q2 | -3.99597 | |
| 1997 Q3 | -3.500773 | |
| 1997 Q4 | -4.992951 | |
| 1998 Q1 | -4.016673 | |
| 1998 Q2 | -1.672284 | |
| 1998 Q3 | -4.096747 | |
| 1998 Q4 | -2.966257 | |
| 1999 Q1 | -3.358409 | |
| 1999 Q2 | -2.192137 | |
| 1999 Q3 | -2.822656 | |
| 1999 Q4 | -3.801199 | |
| 2000 Q1 | -1.337941 | |
| 2000 Q2 | 0.4685408 | |
| 2000 Q3 | 3.76644 | |
| 2000 Q4 | 5.425926 | |
| 2001 Q1 | 7.024488 | |
| 2001 Q2 | 7.024541 | |
| 2001 Q3 | 5.943409 | |
| 2001 Q4 | 4.959414 | |
| 2002 Q1 | 3.605026 | |
| 2002 Q2 | 4.823979 | |
| 2002 Q3 | 5.190497 | |
| 2002 Q4 | 6.22628 | |
| 2003 Q1 | 8.092762 | |
| 2003 Q2 | 9.806387 | |
| 2003 Q3 | 8.502953 | |
| 2003 Q4 | 8.038674 | |
| 2004 Q1 | 9.409384 | 9.627316 |
| 2004 Q2 | 9.769697 | 9.282219 |
| 2004 Q3 | 14.13372 | 13.23027 |
| 2004 Q4 | 17.31175 | 16.89385 |
| 2005 Q1 | 17.66482 | 17.51516 |
| 2005 Q2 | 22.58252 | 20.90997 |
| 2005 Q3 | 24.34345 | 22.36339 |
| 2005 Q4 | 25.00713 | 22.72932 |
| 2006 Q1 | 26.56078 | 23.57117 |
| 2006 Q2 | 26.39615 | 24.23056 |
| 2006 Q3 | 26.29629 | 24.97989 |
| 2006 Q4 | 27.23714 | 26.28789 |
| 2007 Q1 | 26.47918 | 25.3859 |
| 2007 Q2 | 27.50398 | 25.1113 |
| 2007 Q3 | 25.73377 | 24.14283 |
| 2007 Q4 | 22.28626 | 21.61964 |
| 2008 Q1 | 20.05959 | 19.43227 |
| 2008 Q2 | 17.43783 | 16.79212 |
| 2008 Q3 | 14.13814 | 14.70877 |
| 2008 Q4 | 9.258712 | 11.81942 |
| 2009 Q1 | 3.583295 | 9.210486 |
| 2009 Q2 | 2.433009 | 9.097402 |
| 2009 Q3 | -0.280698 | 6.551753 |
| 2009 Q4 | -2.840981 | 3.57775 |
| 2010 Q1 | -5.197087 | 1.087254 |
| 2010 Q2 | -3.064774 | 2.654933 |
| 2010 Q3 | -4.888449 | 0 |
| 2010 Q4 | -7.063596 | -3.072203 |
| 2011 Q1 | -7.714336 | -5.230937 |
| 2011 Q2 | -11.18271 | -8.480717 |
| 2011 Q3 | -15.15266 | -11.74003 |
| 2011 Q4 | -17.36379 | -14.37917 |
| 2012 Q1 | -14.01612 | -12.25816 |
| 2012 Q2 | -15.71886 | -13.58928 |
| 2012 Q3 | -18.3574 | -15.2831 |
| 2012 Q4 | -17.93002 | -14.81273 |
| 2013 Q1 | -17.96956 | -14.93995 |
| 2013 Q2 | -16.68064 | -13.65423 |
| 2013 Q3 | -16.5214 | -13.61553 |
| 2013 Q4 | -14.95302 | -12.2657 |
| 2014 Q1 | -12.8302 | -10.83964 |
| 2014 Q2 | -12.05006 | -10.66974 |
| 2014 Q3 | -7.776428 | -7.984648 |
| 2014 Q4 | -7.773123 | -8.043533 |
| 2015 Q1 | -6.968937 | -7.82128 |
| 2015 Q2 | -6.970133 | -7.937127 |
| 2015 Q3 | -6.597409 | -8.014874 |
| 2015 Q4 | -6.272967 | -7.702962 |
| 2016 Q1 | -6.138087 | -7.272429 |
| 2016 Q2 | -5.656826 | -6.575614 |
| 2016 Q3 | -5.446662 | -6.060906 |
| 2016 Q4 | -5.120416 | -5.499173 |
| 2017 Q1 | -4.907515 | -5.166288 |
| 2017 Q2 | -4.75052 | -4.504813 |
| 2017 Q3 | -4.767461 | -4.070928 |
| 2017 Q4 | -1.627129 | -1.590061 |
| 2018 Q1 | 0.2023714 | -0.0965806 |
| 2018 Q2 | 0.1658503 | -0.4362363 |
| 2018 Q3 | 0.8658379 | 0.1071401 |
| 2018 Q4 | 1.425206 | 0.2856785 |
| 2019 Q1 | 3.678547 | 2.260213 |
| 2019 Q2 | 4.367727 | 2.409369 |
| 2019 Q3 | 4.210199 | 1.99356 |
| 2019 Q4 | 5.932765 | 3.327233 |
| 2020 Q1 | 4.980594 | 3.158053 |
| 2020 Q2 | 4.563188 | 4.174311 |
| 2020 Q3 | 3.743169 | 2.332279 |
| 2020 Q4 | 7.517132 | 3.561815 |
| 2021 Q1 | 9.677692 | 5.041094 |
| 2021 Q2 | 10.68952 | 5.257244 |
| 2021 Q3 | 13.31242 | 5.797791 |
| 2021 Q4 | 14.86839 | 5.064138 |
| 2022 Q1 | 20.98895 | 9.840287 |
| 2022 Q2 | 24.55396 | 12.70695 |
| 2022 Q3 | 22.4579 | 12.29801 |
| 2022 Q4 | 20.84755 | 12.35556 |
| 2023 Q1 | 19.88249 | 12.62936 |
| 2023 Q2 | 24.2589 | 16.1683 |
| 2023 Q3 | 24.9293 | 17.53042 |
| 2023 Q4 | 26.5477 | 18.47132 |
| 2024 Q1 | 25.37506 | 18.48359 |
| 2024 Q2 | 25.47532 | 19.24775 |
| 2024 Q3 | 26.36356 | 20.31544 |
| 2024 Q4 | 27.46125 | 21.17023 |
| 2025 Q1 | 25.07083 | 19.03875 |
| 2025 Q2 | 25.07053 | 19.52832 |
| 2025 Q3 | 21.7503 | 17.87426 |
| 2025 Q4 | 23.0673 | 19.28055 |
| 2026 Q1 | 23.27911 | 19.45522 |
Note: The owners’ equivalent rent value for 2026:Q1 is based on monthly data through February 2026. The data for the market-based rents model begin in 2004:Q1. Valuation is measured as the deviation from the long-run relationship between the price-to-rent ratio and the real 10-year Treasury yield.
Source: For house prices, Zillow, Inc., Real Estate Data; for rent data, Bureau of Labor Statistics.
Figure 1.19. House price-to-rent ratios dropped slightly yet stayed elevated across geographic areas
Jan. 2010 = 100
| Date | Median | Bottom Line Middle 80% | Top Line Middle 80% |
|---|---|---|---|
| 1996-01-01 | 81.9680923589885 | 72.6547900911442 | 104.969635862706 |
| 1996-02-01 | 81.6689466045462 | 72.6255077904853 | 104.797608066788 |
| 1996-03-01 | 81.5252648546215 | 72.3215956721012 | 104.561308879613 |
| 1996-04-01 | 81.7334956253591 | 72.2239265168465 | 105.018797331523 |
| 1996-05-01 | 81.8119488969037 | 72.0983857727859 | 104.590778303681 |
| 1996-06-01 | 81.8859462849059 | 71.9923834896015 | 104.457299235483 |
| 1996-07-01 | 81.9094935695027 | 71.9351594466133 | 104.370984023948 |
| 1996-08-01 | 81.9694035546574 | 71.7649484122033 | 104.381540135153 |
| 1996-09-01 | 81.9964298574445 | 71.638542262631 | 104.191747483971 |
| 1996-10-01 | 82.0232982507923 | 71.4165595087743 | 104.220647187791 |
| 1996-11-01 | 82.1049225570383 | 71.3794558652274 | 103.995636558348 |
| 1996-12-01 | 82.1660636612635 | 71.456867975354 | 103.987124163897 |
| 1997-01-01 | 82.2822771621627 | 71.5052639379537 | 103.530713695098 |
| 1997-02-01 | 82.3792702855596 | 71.5085310046124 | 103.597142920193 |
| 1997-03-01 | 82.6113798922855 | 71.6238242114037 | 103.35571732755 |
| 1997-04-01 | 82.9667731528946 | 71.7573280052938 | 103.02518005023 |
| 1997-05-01 | 83.1407183754624 | 71.9871843031133 | 103.080501942204 |
| 1997-06-01 | 83.3083965798083 | 71.9711111328622 | 102.780934276428 |
| 1997-07-01 | 85.6573085846152 | 72.0397811525807 | 102.116870164134 |
| 1997-08-01 | 85.7499993955844 | 72.156465465513 | 102.086680328949 |
| 1997-09-01 | 85.8527563261903 | 72.1800591212936 | 102.400795802843 |
| 1997-10-01 | 85.9312182811502 | 72.2090926722566 | 102.477042701294 |
| 1997-11-01 | 85.9384734368875 | 72.3935303280706 | 102.755300712104 |
| 1997-12-01 | 86.1312120868928 | 72.484936835641 | 102.976021111741 |
| 1998-01-01 | 84.1600684633052 | 73.1525680366875 | 102.556196104654 |
| 1998-02-01 | 84.2319067932307 | 73.6454527495433 | 102.797725591961 |
| 1998-03-01 | 84.313840703077 | 74.0570346624497 | 103.237360746786 |
| 1998-04-01 | 84.2593215209603 | 74.4052006542279 | 102.501485278948 |
| 1998-05-01 | 84.2259698161595 | 74.5472363995664 | 102.727895266187 |
| 1998-06-01 | 84.1818435741304 | 74.4264376166204 | 102.454784787708 |
| 1998-07-01 | 84.2675112880274 | 74.3113223209121 | 102.782358852102 |
| 1998-08-01 | 84.5248501833401 | 74.3209284387727 | 103.115408605542 |
| 1998-09-01 | 84.8805557790695 | 74.121413587064 | 103.360255783128 |
| 1998-10-01 | 85.1754534077637 | 74.1168859362879 | 103.578440171812 |
| 1998-11-01 | 85.4191002019775 | 74.0721817773095 | 103.369009092144 |
| 1998-12-01 | 85.6285907989022 | 74.0376304451516 | 103.768133781728 |
| 1999-01-01 | 85.9582219541973 | 74.1053279105533 | 104.089145732782 |
| 1999-02-01 | 86.4578134089619 | 74.1012958453553 | 104.756827828308 |
| 1999-03-01 | 87.0953105099322 | 74.4916205364325 | 105.274725656862 |
| 1999-04-01 | 87.9150441250503 | 74.8671405777894 | 105.796523738456 |
| 1999-05-01 | 88.6794425021122 | 75.2957988447443 | 106.556277934445 |
| 1999-06-01 | 89.2330209993849 | 75.8326712299932 | 107.210592757868 |
| 1999-07-01 | 89.7766593692428 | 76.3923490565057 | 107.663320211908 |
| 1999-08-01 | 90.1639753231032 | 76.7373382346563 | 107.869783951813 |
| 1999-09-01 | 90.4144182974627 | 77.2166797150111 | 107.820345692785 |
| 1999-10-01 | 90.7623254506193 | 77.7199297379618 | 107.915440797316 |
| 1999-11-01 | 90.8346715023803 | 78.0872171613275 | 108.031285651639 |
| 1999-12-01 | 91.3795817937026 | 78.5542337213544 | 108.490594466236 |
| 2000-01-01 | 91.7117394358921 | 78.8072428806722 | 108.573393244296 |
| 2000-02-01 | 91.7328327665952 | 79.1816321275284 | 108.539403374318 |
| 2000-03-01 | 91.5453559553815 | 79.5476093248336 | 108.293800144722 |
| 2000-04-01 | 92.1432463044029 | 80.0205964935994 | 108.351037735969 |
| 2000-05-01 | 92.5343433289212 | 80.8398610275662 | 108.450340636753 |
| 2000-06-01 | 92.9722086340681 | 81.356807368296 | 108.57520952719 |
| 2000-07-01 | 93.6438128870853 | 82.0624668122348 | 108.727258523971 |
| 2000-08-01 | 94.1964256311872 | 82.6913097479162 | 108.790148551417 |
| 2000-09-01 | 95.0527658750238 | 83.1002374003472 | 108.847975251849 |
| 2000-10-01 | 95.5531748770084 | 83.7565807628119 | 108.877250220383 |
| 2000-11-01 | 95.6651650785031 | 84.2284413740313 | 108.929194031358 |
| 2000-12-01 | 96.3252410501523 | 84.6221054303361 | 108.941238782909 |
| 2001-01-01 | 97.0607321933348 | 84.7278594235872 | 108.806609202931 |
| 2001-02-01 | 98.0688243561565 | 85.1096295876283 | 108.585391829575 |
| 2001-03-01 | 98.5469288710084 | 85.6072989013821 | 108.491030955522 |
| 2001-04-01 | 99.0491952795792 | 86.1562275533352 | 108.606109287577 |
| 2001-05-01 | 99.1234254819633 | 86.5230912176141 | 109.39056453714 |
| 2001-06-01 | 98.7866688660576 | 87.0105402116743 | 110.054686587406 |
| 2001-07-01 | 99.0220324322036 | 87.6222096621586 | 110.884664410156 |
| 2001-08-01 | 98.865354976576 | 88.0353533804487 | 111.843801763796 |
| 2001-09-01 | 98.8907571338047 | 88.2407984301845 | 112.691022100446 |
| 2001-10-01 | 98.8857441757077 | 88.8351138681758 | 113.738948226444 |
| 2001-11-01 | 98.7155059562807 | 89.0298148982538 | 114.58982221942 |
| 2001-12-01 | 98.7599640671949 | 88.7180160381552 | 114.567939775462 |
| 2002-01-01 | 98.738185735855 | 88.5807018970455 | 114.800888532535 |
| 2002-02-01 | 98.9815947214531 | 88.5022087943491 | 115.005745707786 |
| 2002-03-01 | 99.2288464612053 | 88.5681916110258 | 115.355169433067 |
| 2002-04-01 | 99.8459520870061 | 88.775601412192 | 114.656805544312 |
| 2002-05-01 | 100.397647093708 | 89.222381854944 | 114.905782649913 |
| 2002-06-01 | 101.174775090134 | 89.9592406616195 | 115.123656238704 |
| 2002-07-01 | 101.982883862628 | 90.6556370177405 | 114.859402023582 |
| 2002-08-01 | 102.051192214114 | 90.7588867550463 | 115.140169621179 |
| 2002-09-01 | 102.089454348508 | 90.9000455716145 | 115.679769109455 |
| 2002-10-01 | 102.398278093185 | 91.1375520604349 | 116.640343734245 |
| 2002-11-01 | 102.691123803654 | 91.3300155538494 | 116.404228522248 |
| 2002-12-01 | 103.38433179314 | 91.5059188902258 | 116.437563307667 |
| 2003-01-01 | 103.76445675089 | 91.7273247774437 | 116.597713643492 |
| 2003-02-01 | 104.586827578372 | 91.8735197378771 | 116.830746830718 |
| 2003-03-01 | 105.006496505606 | 92.1409875587842 | 118.640247680069 |
| 2003-04-01 | 105.508817751857 | 92.408240959613 | 120.422720203867 |
| 2003-05-01 | 106.005746672064 | 92.7492179652261 | 122.073665659832 |
| 2003-06-01 | 106.907563260466 | 93.0217965785455 | 123.464063711056 |
| 2003-07-01 | 107.38821707602 | 93.379497594343 | 125.139391149827 |
| 2003-08-01 | 107.937665375228 | 93.4974347207603 | 126.743030393229 |
| 2003-09-01 | 108.492245583379 | 94.0408821110585 | 129.296331599138 |
| 2003-10-01 | 109.154490490283 | 95.0390728852722 | 130.657106870985 |
| 2003-11-01 | 109.854284865075 | 96.1705944348462 | 132.412895600934 |
| 2003-12-01 | 110.621081434689 | 97.1720952247189 | 133.631564565306 |
| 2004-01-01 | 111.160395971352 | 98.0031469503341 | 135.10852851731 |
| 2004-02-01 | 111.837819703019 | 98.9429501653474 | 137.710064504143 |
| 2004-03-01 | 112.460184310432 | 99.9548116122234 | 140.143389904807 |
| 2004-04-01 | 113.167494638578 | 101.088282335373 | 142.778137512161 |
| 2004-05-01 | 114.310914067369 | 102.752557040583 | 145.048322773559 |
| 2004-06-01 | 115.665401257739 | 103.646988372716 | 149.227635150279 |
| 2004-07-01 | 116.819841248879 | 104.605477657719 | 152.6561090061 |
| 2004-08-01 | 118.015917156678 | 105.704809365797 | 155.018257684196 |
| 2004-09-01 | 119.288363503234 | 106.261186090554 | 157.389797187011 |
| 2004-10-01 | 120.231666842062 | 106.437686766865 | 159.884844847271 |
| 2004-11-01 | 121.584734227538 | 106.554008037417 | 160.883969572804 |
| 2004-12-01 | 122.453200575178 | 106.358181161652 | 162.913917378382 |
| 2005-01-01 | 122.961092654088 | 107.010390499489 | 164.162502115354 |
| 2005-02-01 | 123.590610557701 | 107.106761105712 | 166.044513521871 |
| 2005-03-01 | 124.067843053345 | 106.871981495192 | 168.101024448568 |
| 2005-04-01 | 124.8962966669 | 107.618348143371 | 169.966740490807 |
| 2005-05-01 | 125.404136837645 | 107.931378843625 | 172.904171610695 |
| 2005-06-01 | 125.681753897897 | 108.639062383929 | 174.664687496089 |
| 2005-07-01 | 126.450648046563 | 108.332519282391 | 174.65306065801 |
| 2005-08-01 | 127.35117170852 | 108.708925424881 | 174.271876538017 |
| 2005-09-01 | 128.065190262789 | 109.521126384547 | 173.399986298003 |
| 2005-10-01 | 127.978627141052 | 110.936656233355 | 173.824473758938 |
| 2005-11-01 | 128.436337442014 | 112.483575619551 | 173.61687810257 |
| 2005-12-01 | 128.859021296057 | 112.869792880148 | 174.139331308732 |
| 2006-01-01 | 129.36930128902 | 112.922122321077 | 174.607778045428 |
| 2006-02-01 | 129.884123215862 | 112.908184544107 | 174.524109264359 |
| 2006-03-01 | 130.852164370534 | 112.623429281117 | 173.776157444614 |
| 2006-04-01 | 131.236037702691 | 112.289596320495 | 174.250403769734 |
| 2006-05-01 | 130.952655082034 | 111.979321311765 | 173.846061817153 |
| 2006-06-01 | 130.878352854382 | 111.702919335952 | 172.333495274778 |
| 2006-07-01 | 130.804094542332 | 111.349125552117 | 171.604942944989 |
| 2006-08-01 | 130.5661502478 | 111.193828835576 | 170.803260013475 |
| 2006-09-01 | 130.405057778044 | 110.915183866061 | 170.16918787458 |
| 2006-10-01 | 129.931628666379 | 111.044712760931 | 169.304628106862 |
| 2006-11-01 | 129.619654058976 | 111.507391419708 | 168.210645929247 |
| 2006-12-01 | 129.343239354982 | 112.548087730721 | 167.262832997822 |
| 2007-01-01 | 129.473483324228 | 112.766652082272 | 165.381402156163 |
| 2007-02-01 | 129.472602275693 | 112.921067035219 | 164.323909491807 |
| 2007-03-01 | 130.221386329809 | 112.644402120618 | 163.521981903217 |
| 2007-04-01 | 130.610676764952 | 112.169341162039 | 162.577025393647 |
| 2007-05-01 | 130.551046139427 | 112.783448864562 | 161.677878346636 |
| 2007-06-01 | 130.75496386833 | 112.819284785403 | 161.030623938646 |
| 2007-07-01 | 129.856232405658 | 112.473156295831 | 159.048807419006 |
| 2007-08-01 | 128.841513449163 | 112.098823885133 | 156.619996381732 |
| 2007-09-01 | 128.529724296894 | 111.701245510724 | 154.153310647047 |
| 2007-10-01 | 128.021385005539 | 111.216985043473 | 151.783968677889 |
| 2007-11-01 | 127.281990091864 | 110.73162454209 | 149.580104181642 |
| 2007-12-01 | 126.367422812321 | 110.162773018522 | 147.239005825319 |
| 2008-01-01 | 125.408898067443 | 109.424415286961 | 144.718869024168 |
| 2008-02-01 | 124.239194572192 | 109.128694318901 | 142.026647033963 |
| 2008-03-01 | 123.255645682177 | 108.557980645321 | 139.291507144619 |
| 2008-04-01 | 122.253671742672 | 107.972896546122 | 136.480669974677 |
| 2008-05-01 | 121.042038731432 | 107.307824716844 | 133.729187696988 |
| 2008-06-01 | 119.41872320673 | 106.624950612977 | 131.156951551848 |
| 2008-07-01 | 117.542990176917 | 106.147885490219 | 128.691385221841 |
| 2008-08-01 | 115.662764437547 | 105.641386635516 | 126.617295585571 |
| 2008-09-01 | 112.771652051651 | 105.098061443517 | 124.508243828838 |
| 2008-10-01 | 111.34306188082 | 104.457789789426 | 122.425818003501 |
| 2008-11-01 | 109.78193778152 | 103.831206893429 | 120.139150323068 |
| 2008-12-01 | 108.395585437642 | 102.81407077089 | 117.797391417293 |
| 2009-01-01 | 107.236332584593 | 101.207486047766 | 115.455684609562 |
| 2009-02-01 | 106.065945523547 | 100.00060446004 | 113.40208799411 |
| 2009-03-01 | 104.804443198926 | 99.8393986483173 | 111.349399065153 |
| 2009-04-01 | 103.921663600265 | 99.6065623814681 | 109.233651345478 |
| 2009-05-01 | 103.006743172589 | 99.362697611153 | 107.338439736864 |
| 2009-06-01 | 101.929242029308 | 99.2185471657036 | 105.627559037434 |
| 2009-07-01 | 101.259446212416 | 98.8057145055138 | 104.265241095074 |
| 2009-08-01 | 100.44577639217 | 98.1933573809189 | 103.026595329602 |
| 2009-09-01 | 100.389971897836 | 97.9841686257459 | 102.067592202879 |
| 2009-10-01 | 100.148751189566 | 98.2125820973552 | 101.293559404844 |
| 2009-11-01 | 100.16172262389 | 98.6725317391819 | 100.968279111382 |
| 2009-12-01 | 100.057530182334 | 99.5216618081086 | 100.602266230347 |
| 2010-01-01 | 100 | 100 | 100 |
| 2010-02-01 | 99.9389226966861 | 99.5548265946529 | 100.553585588877 |
| 2010-03-01 | 100.104155502081 | 99.4243802343627 | 100.815053394958 |
| 2010-04-01 | 99.9377188405657 | 98.9674097148572 | 101.129622533977 |
| 2010-05-01 | 99.8750392930059 | 98.7707625850116 | 101.515876416723 |
| 2010-06-01 | 99.6413753574838 | 98.7144211704305 | 101.699779493979 |
| 2010-07-01 | 99.3277016123231 | 98.034282528011 | 101.607696396282 |
| 2010-08-01 | 98.8739577204557 | 97.1671959681261 | 100.503696357804 |
| 2010-09-01 | 98.3037332981586 | 96.0806031108674 | 100.016954798906 |
| 2010-10-01 | 97.7178029547733 | 94.8872101139218 | 99.7048900660322 |
| 2010-11-01 | 97.052337565218 | 93.8511726585552 | 99.1945443913512 |
| 2010-12-01 | 96.4097562161331 | 93.0055984645475 | 98.7719439692845 |
| 2011-01-01 | 95.7788511842901 | 92.3446853630499 | 98.3289018484597 |
| 2011-02-01 | 95.1852735935527 | 90.9382598852804 | 97.8962938085062 |
| 2011-03-01 | 94.6005072307716 | 90.4006914159512 | 97.1977202391702 |
| 2011-04-01 | 94.1226810901115 | 89.405706154424 | 96.8714651880135 |
| 2011-05-01 | 93.3604140564816 | 88.5492219210798 | 96.254536216197 |
| 2011-06-01 | 92.5165795201139 | 86.9775344319731 | 95.8191285243888 |
| 2011-07-01 | 91.8571548640346 | 85.935286442659 | 94.9829089861571 |
| 2011-08-01 | 91.1214489823491 | 85.1841522595859 | 94.5385065906479 |
| 2011-09-01 | 90.433996201861 | 84.9017281451106 | 94.091581593419 |
| 2011-10-01 | 89.8610293081338 | 84.5209737086328 | 93.6253185343957 |
| 2011-11-01 | 89.332119933184 | 84.1031781298126 | 93.3382578814651 |
| 2011-12-01 | 88.8943436963196 | 83.3318964916366 | 93.1731587156129 |
| 2012-01-01 | 88.5406155090793 | 82.6752017708413 | 92.868767364996 |
| 2012-02-01 | 88.1771360873948 | 81.996813197175 | 92.6959728747642 |
| 2012-03-01 | 88.0647960723828 | 81.989677069322 | 92.7562402972302 |
| 2012-04-01 | 87.5680268242854 | 82.1198022734388 | 92.7893150630103 |
| 2012-05-01 | 87.4529365719786 | 82.2217042589832 | 92.9076894635688 |
| 2012-06-01 | 87.8453908957891 | 82.7021039274794 | 92.9916905917854 |
| 2012-07-01 | 88.4239844820072 | 83.3975004282276 | 93.0863093873612 |
| 2012-08-01 | 89.3386346480287 | 83.5645193264986 | 93.413150593024 |
| 2012-09-01 | 90.1970705684456 | 83.7872957276785 | 93.3349941241876 |
| 2012-10-01 | 90.7086470851066 | 83.9761566428685 | 94.0561953154443 |
| 2012-11-01 | 90.9199377017222 | 84.3268507777058 | 94.970522717382 |
| 2012-12-01 | 90.8792875674348 | 84.9157167753543 | 96.0786211652134 |
| 2013-01-01 | 91.2851834891093 | 85.2410794713595 | 96.9192301448727 |
| 2013-02-01 | 91.4461700445245 | 85.5637092203433 | 98.1668610280844 |
| 2013-03-01 | 91.8607827930324 | 85.5464941953165 | 98.9415159071057 |
| 2013-04-01 | 92.2883670888403 | 85.5470765277375 | 100.024962436594 |
| 2013-05-01 | 92.7659408502235 | 85.5087179505601 | 101.606683666673 |
| 2013-06-01 | 93.3794514873614 | 85.4696888196994 | 103.069366176379 |
| 2013-07-01 | 94.0573092419995 | 85.4609113923381 | 104.834599920765 |
| 2013-08-01 | 94.7823044402442 | 85.614835773461 | 106.4609362113 |
| 2013-09-01 | 95.4530094938636 | 85.7908310318349 | 107.744088097894 |
| 2013-10-01 | 96.3027004540286 | 86.1007328044787 | 108.85801639644 |
| 2013-11-01 | 96.8986703215748 | 86.3135226408386 | 109.349070134797 |
| 2013-12-01 | 97.7183032725952 | 86.836543697247 | 109.811578952131 |
| 2014-01-01 | 98.4796859208471 | 87.2772031971474 | 110.136191232806 |
| 2014-02-01 | 99.2105325065148 | 87.4622158988681 | 110.466120923335 |
| 2014-03-01 | 99.8008216641644 | 87.5840028845486 | 110.745462068048 |
| 2014-04-01 | 100.114417729487 | 87.9518887933396 | 111.021357709382 |
| 2014-05-01 | 100.551765294202 | 88.1883185882552 | 111.58335659509 |
| 2014-06-01 | 100.719307587376 | 88.4178646448714 | 112.0230148544 |
| 2014-07-01 | 101.027376753969 | 88.7792940937814 | 112.446376703667 |
| 2014-08-01 | 101.067809803622 | 88.9158373397549 | 113.427986595362 |
| 2014-09-01 | 101.297581151096 | 89.0092641013681 | 114.194777085436 |
| 2014-10-01 | 101.826543514713 | 88.9160170166419 | 114.8912678426 |
| 2014-11-01 | 102.238922085271 | 89.0665641062499 | 115.181925707591 |
| 2014-12-01 | 102.428817142194 | 89.2804854601132 | 115.93351910715 |
| 2015-01-01 | 102.375173019862 | 89.2907049207741 | 116.643613427203 |
| 2015-02-01 | 102.707643480703 | 88.7416654920744 | 117.128155128208 |
| 2015-03-01 | 102.629059257992 | 88.6803943326915 | 117.450373609347 |
| 2015-04-01 | 102.806333071939 | 88.5546996836272 | 118.065476113587 |
| 2015-05-01 | 103.02705570276 | 88.5483918012626 | 119.078331271057 |
| 2015-06-01 | 103.133828442068 | 88.3633592364764 | 119.585951532481 |
| 2015-07-01 | 103.642844678675 | 88.5205690163962 | 120.250405298968 |
| 2015-08-01 | 104.266767280085 | 88.9717996946499 | 120.886535465805 |
| 2015-09-01 | 104.840858252045 | 89.2590209086153 | 121.53579216384 |
| 2015-10-01 | 105.259902570912 | 89.7362174569663 | 122.323404168304 |
| 2015-11-01 | 105.665200091296 | 89.6607844708892 | 122.98490564627 |
| 2015-12-01 | 106.085439489711 | 89.5824808283751 | 123.336567157226 |
| 2016-01-01 | 106.497652320814 | 89.8333022358349 | 123.798732616086 |
| 2016-02-01 | 106.88389887272 | 89.6875826198902 | 124.260163266568 |
| 2016-03-01 | 107.220416947657 | 89.6227709711424 | 124.610391873793 |
| 2016-04-01 | 107.55944933198 | 89.6174024504369 | 124.608889329357 |
| 2016-05-01 | 107.756817998521 | 89.3494410079891 | 125.39457405796 |
| 2016-06-01 | 108.163939325567 | 89.7549472889918 | 126.081554272493 |
| 2016-07-01 | 108.239664008051 | 90.0124012529281 | 126.540440080301 |
| 2016-08-01 | 108.18064406904 | 90.0487893863212 | 126.746788727247 |
| 2016-09-01 | 108.022310372027 | 90.3004567289413 | 127.08006035979 |
| 2016-10-01 | 108.10278252829 | 90.5714380207785 | 127.415938854652 |
| 2016-11-01 | 108.42231802338 | 90.7815891629356 | 127.079446272843 |
| 2016-12-01 | 109.116505348861 | 90.9668511242124 | 127.019068201745 |
| 2017-01-01 | 109.703305498655 | 91.3062798034399 | 127.114974317974 |
| 2017-02-01 | 110.270523642207 | 90.7153403798526 | 127.592332826522 |
| 2017-03-01 | 110.778839221962 | 90.6194783306632 | 127.993425170953 |
| 2017-04-01 | 111.413584575808 | 90.4848275243937 | 128.230761480664 |
| 2017-05-01 | 111.898402664026 | 90.7424921520542 | 128.494962729239 |
| 2017-06-01 | 112.023575986041 | 91.190879606221 | 129.134910548022 |
| 2017-07-01 | 112.488069225922 | 91.4364331848432 | 129.641410921571 |
| 2017-08-01 | 113.081396850289 | 91.6418142917618 | 130.141645316582 |
| 2017-09-01 | 113.61041608121 | 91.8989941144554 | 130.603335875688 |
| 2017-10-01 | 114.015119099199 | 92.1545363636022 | 131.051008898431 |
| 2017-11-01 | 114.208897734655 | 92.4430009778934 | 131.62556157853 |
| 2017-12-01 | 114.304009767517 | 92.8061948023723 | 132.179458279834 |
| 2018-01-01 | 114.534191329925 | 93.0465665771928 | 132.766856620597 |
| 2018-02-01 | 114.925891488757 | 93.2008337191917 | 133.097910086759 |
| 2018-03-01 | 115.476949232035 | 93.4524295425221 | 133.53951776619 |
| 2018-04-01 | 115.95700592515 | 93.4421851930648 | 133.831075650152 |
| 2018-05-01 | 116.439659778559 | 93.5166130871209 | 134.335278902572 |
| 2018-06-01 | 116.357985515927 | 93.3302800707662 | 133.944826625147 |
| 2018-07-01 | 116.786918249637 | 93.463903346846 | 134.609518676483 |
| 2018-08-01 | 116.967239804472 | 93.7161722314158 | 135.285550956383 |
| 2018-09-01 | 116.940784425627 | 93.8979848781272 | 135.616968700981 |
| 2018-10-01 | 116.764687494266 | 94.0250883689082 | 135.510975137767 |
| 2018-11-01 | 116.468689026061 | 94.0853713290558 | 135.364011832687 |
| 2018-12-01 | 115.962588579293 | 93.9064006800739 | 135.469732564651 |
| 2019-01-01 | 115.869776236557 | 93.9935838397834 | 135.329687411583 |
| 2019-02-01 | 115.494663382364 | 94.0553474000635 | 134.761839563149 |
| 2019-03-01 | 115.002386144948 | 94.054011099291 | 134.372508554315 |
| 2019-04-01 | 114.605917905949 | 94.0697355877651 | 133.948525136356 |
| 2019-05-01 | 114.265831028313 | 94.2413182267387 | 133.566091248035 |
| 2019-06-01 | 114.105133108371 | 94.4403053850671 | 133.02116121174 |
| 2019-07-01 | 113.94357997077 | 94.5389158959076 | 132.892756664512 |
| 2019-08-01 | 113.854833807208 | 94.6024929184583 | 133.440244655447 |
| 2019-09-01 | 113.648343260888 | 94.7194396203589 | 133.594160815945 |
| 2019-10-01 | 113.954323765468 | 94.8996084794177 | 134.320359879515 |
| 2019-11-01 | 113.891070610766 | 94.7748603376318 | 135.188955903094 |
| 2019-12-01 | 114.065177845596 | 94.9422050952817 | 135.713637024993 |
| 2020-01-01 | 114.045771388875 | 94.9646699282525 | 135.758477912892 |
| 2020-02-01 | 114.240930712316 | 94.9158473927852 | 135.719282816256 |
| 2020-03-01 | 114.559328144612 | 94.8334150768252 | 135.944803894982 |
| 2020-04-01 | 114.488787453487 | 94.9110671206366 | 136.834473290559 |
| 2020-05-01 | 114.271612814403 | 94.5220627430743 | 135.921121875972 |
| 2020-06-01 | 114.16528463733 | 94.2455095711341 | 135.272722417226 |
| 2020-07-01 | 114.506671190236 | 94.1502656760117 | 134.901159390727 |
| 2020-08-01 | 115.300400149524 | 94.2147461702751 | 135.406271652847 |
| 2020-09-01 | 116.616075293621 | 95.0729179077927 | 136.797925752149 |
| 2020-10-01 | 118.539612886935 | 95.9988634463768 | 138.300274605356 |
| 2020-11-01 | 120.700841375656 | 97.1712361257681 | 140.368196561912 |
| 2020-12-01 | 122.306494332915 | 98.2908994102158 | 141.501842215778 |
| 2021-01-01 | 124.113186053168 | 99.1909829027333 | 142.872887510896 |
| 2021-02-01 | 125.713976154333 | 100.045197521599 | 144.359385327765 |
| 2021-03-01 | 126.866540762568 | 100.831831433116 | 145.663274578348 |
| 2021-04-01 | 128.124113459163 | 101.333927231767 | 147.245639434083 |
| 2021-05-01 | 129.801733898289 | 102.133702560381 | 149.249090734749 |
| 2021-06-01 | 131.861225483517 | 102.891207543791 | 151.341209402253 |
| 2021-07-01 | 133.390167887327 | 103.493522382331 | 153.992751411848 |
| 2021-08-01 | 134.711488525772 | 104.336727817057 | 156.138463982125 |
| 2021-09-01 | 134.855846352567 | 104.178606480938 | 156.765315019384 |
| 2021-10-01 | 135.15377699407 | 104.525952496991 | 157.73491951981 |
| 2021-11-01 | 136.178272215527 | 104.154105002479 | 159.20879312074 |
| 2021-12-01 | 137.063722734259 | 104.659907222285 | 160.542561883419 |
| 2022-01-01 | 138.249590698877 | 105.417724919063 | 161.796420410051 |
| 2022-02-01 | 141.102078812331 | 105.984005830216 | 164.335484781492 |
| 2022-03-01 | 143.572977919578 | 106.999123994087 | 167.717766213221 |
| 2022-04-01 | 145.632808841734 | 107.869142389316 | 170.610836893163 |
| 2022-05-01 | 147.08600687289 | 108.355230540127 | 171.911179482002 |
| 2022-06-01 | 147.386622161456 | 108.455852198057 | 172.86242792205 |
| 2022-07-01 | 147.155576626896 | 108.018477971585 | 170.986742258674 |
| 2022-08-01 | 145.749425052966 | 107.49080182444 | 167.906389877142 |
| 2022-09-01 | 143.809657088688 | 106.663423883605 | 164.213974957383 |
| 2022-10-01 | 142.111753068659 | 105.320234359173 | 161.476609534499 |
| 2022-11-01 | 140.095157812942 | 104.661665070105 | 158.705050794663 |
| 2022-12-01 | 138.147593478069 | 103.897157335367 | 156.094783961388 |
| 2023-01-01 | 135.50259304569 | 103.40255009176 | 153.436698003464 |
| 2023-02-01 | 133.904794642434 | 102.643110238832 | 151.566480003105 |
| 2023-03-01 | 132.675818762304 | 101.935631748861 | 149.343537676206 |
| 2023-04-01 | 132.028690188836 | 101.874831332896 | 147.721075285617 |
| 2023-05-01 | 131.677627162262 | 101.999910962258 | 146.833709294787 |
| 2023-06-01 | 131.725697352484 | 102.372394942529 | 146.575858115802 |
| 2023-07-01 | 132.590611913943 | 103.012240341612 | 147.722780858183 |
| 2023-08-01 | 133.636682129934 | 103.667415582979 | 149.584890717911 |
| 2023-09-01 | 134.32198901785 | 104.062491490418 | 151.07738666558 |
| 2023-10-01 | 135.121244574257 | 103.949376756576 | 151.791595599754 |
| 2023-11-01 | 134.885072605045 | 103.705548087893 | 151.328583600328 |
| 2023-12-01 | 134.694098981776 | 103.696621564475 | 150.689381833622 |
| 2024-01-01 | 134.2640223916 | 103.426667466369 | 149.896733373069 |
| 2024-02-01 | 134.066764709315 | 103.35926794872 | 149.547870404215 |
| 2024-03-01 | 134.221823937871 | 103.493928662015 | 149.414707152426 |
| 2024-04-01 | 134.550515786315 | 103.57190147109 | 149.832833661217 |
| 2024-05-01 | 133.944167915815 | 103.502174131699 | 150.779269141282 |
| 2024-06-01 | 134.068343106755 | 103.050461710315 | 151.362336027433 |
| 2024-07-01 | 133.992897753124 | 102.801584560236 | 151.45620870314 |
| 2024-08-01 | 133.61268646208 | 102.644342429635 | 150.644062011039 |
| 2024-09-01 | 133.55883231525 | 102.730184735842 | 150.481153161619 |
| 2024-10-01 | 133.346339726556 | 102.892164937272 | 150.23453463824 |
| 2024-11-01 | 133.777961351242 | 102.932348821189 | 149.843659050272 |
| 2024-12-01 | 132.935835014697 | 102.860251080675 | 149.437212853077 |
| 2025-01-01 | 133.028225441086 | 102.721111517292 | 149.533864661448 |
| 2025-02-01 | 132.43571192281 | 102.568588351417 | 149.103918635507 |
| 2025-03-01 | 131.615361609372 | 102.164554361292 | 148.253615214218 |
| 2025-04-01 | 130.474213981956 | 101.791639588325 | 146.931689290866 |
| 2025-05-01 | 129.50488019884 | 101.529613753992 | 145.208781166453 |
| 2025-06-01 | 127.982665045577 | 101.628723863711 | 143.535817992513 |
| 2025-07-01 | 127.174307378544 | 101.540833627007 | 142.413825099078 |
| 2025-08-01 | 126.786994433664 | 101.526216351121 | 141.829402210702 |
| 2025-09-01 | 126.0825360868 | 101.590209725004 | 141.430766637915 |
| 2025-10-01 | 125.914423260939 | 101.6121458751 | 141.511155862317 |
| 2025-11-01 | 125.470284482209 | 101.720542698418 | 141.816973368913 |
| 2025-12-01 | 125.085957247013 | 101.848385985331 | 141.906661664498 |
| 2026-01-01 | 124.958016423555 | 102.13526997337 | 142.511741488599 |
| 2026-02-01 | 124.496582243455 | 102.112805982681 | 141.611540931203 |
| 2026-03-01 | 124.178175098944 | 102.027481615287 | 141.138874569247 |
Note: The data are seasonally adjusted by Federal Reserve Board staff. 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.
Figure 1.20. Inflation-adjusted farmland prices rose further in 2025 to near historical highs
2025 dollars per acre
| Date | Midwest index | United States |
|---|---|---|
| 1967 | 3196.577743 | |
| 1968 | 3352.86623 | |
| 1969 | 3287.916885 | |
| 1970 | 3144.9512 | |
| 1971 | 2939.543284 | |
| 1972 | 2944.167742 | |
| 1973 | 3166.376244 | |
| 1974 | 3822.888764 | |
| 1975 | 4258.837898 | |
| 1976 | 5003.226938 | |
| 1977 | 6004.382521 | |
| 1978 | 6270.237158 | |
| 1979 | 6362.712448 | |
| 1980 | 6367.623592 | |
| 1981 | 6057.530929 | |
| 1982 | 5520.165713 | |
| 1983 | 4686.477256 | |
| 1984 | 4119.177566 | |
| 1985 | 2937.399181 | |
| 1986 | 2332.969162 | |
| 1987 | 1984.7821 | |
| 1988 | 2174.12143 | |
| 1989 | 2378.856096 | |
| 1990 | 2388.220584 | |
| 1991 | 2336.277653 | |
| 1992 | 2343.328354 | |
| 1993 | 2345.814444 | |
| 1994 | 2844.689124 | |
| 1995 | 2745.017476 | |
| 1996 | 2931.397431 | |
| 1997 | 2697.646325 | 2547.065005 |
| 1998 | 2851.176955 | 2646.512673 |
| 1999 | 2878.615308 | 2705.674037 |
| 2000 | 2840.452561 | 2729.730126 |
| 2001 | 2820.219067 | 2745.872987 |
| 2002 | 2862.746897 | 2845.937936 |
| 2003 | 2900.362938 | 2904.485761 |
| 2004 | 3031.198175 | 2982.400194 |
| 2005 | 3502.398574 | 3396.39423 |
| 2006 | 3777.478903 | 3817.474362 |
| 2007 | 4185.959481 | 3928.327491 |
| 2008 | 4670.937029 | 4127.968112 |
| 2009 | 4439.062262 | 4006.194605 |
| 2010 | 4675.551505 | 3985.974778 |
| 2011 | 5426.383734 | 4265.415898 |
| 2012 | 6354.633111 | 4697.623803 |
| 2013 | 7276.16508 | 5265.480212 |
| 2014 | 7827.801985 | 5562.583149 |
| 2015 | 7516.577198 | 5569.436935 |
| 2016 | 7163.168071 | 5419.251524 |
| 2017 | 6942.294456 | 5293.019733 |
| 2018 | 6774.580468 | 5192.639372 |
| 2019 | 6574.723991 | 5137.939241 |
| 2020 | 6368.23222 | 5049.486365 |
| 2021 | 6564.427673 | 5168.226711 |
| 2022 | 7039.239651 | 5434.910621 |
| 2023 | 7276.418331 | 5621.003928 |
| 2024 | 7363.510391 | 5716.394613 |
| 2025 | 7515.690518 | 5830 |
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 Midwest median value is $3,823 2025 dollars per acre.
Source: Department of Agriculture; Federal Reserve Bank of Minneapolis staff calculations.
Figure 1.21. Farmland prices relative to rents increased to historical highs in 2025
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 |
| 2025 | 38.45096107 | 36.21118012 |
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 Midwest median ratio value is 18.20.
Source: Department of Agriculture; Federal Reserve Bank of Minneapolis staff calculations.
Figure 2.1. The total debt of businesses and households continued to grow more slowly than GDP
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 | 1.05476189125349 |
| 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 | 1.20499356844538 |
| 1988 Q3 | 1.2096593968958 |
| 1988 Q4 | 1.2114270019737 |
| 1989 Q1 | 1.21102515163067 |
| 1989 Q2 | 1.21535821260648 |
| 1989 Q3 | 1.21740309883563 |
| 1989 Q4 | 1.22944955984937 |
| 1990 Q1 | 1.22831743008881 |
| 1990 Q2 | 1.22658450597883 |
| 1990 Q3 | 1.22832726750407 |
| 1990 Q4 | 1.24203307624169 |
| 1991 Q1 | 1.24132146558063 |
| 1991 Q2 | 1.23189652386491 |
| 1991 Q3 | 1.21616590693718 |
| 1991 Q4 | 1.21021160372509 |
| 1992 Q1 | 1.20013760584067 |
| 1992 Q2 | 1.18478068196904 |
| 1992 Q3 | 1.17579794601228 |
| 1992 Q4 | 1.16360982354965 |
| 1993 Q1 | 1.16403844647839 |
| 1993 Q2 | 1.16434733810951 |
| 1993 Q3 | 1.1676965367247 |
| 1993 Q4 | 1.16216245887714 |
| 1994 Q1 | 1.16464394267735 |
| 1994 Q2 | 1.16126136705317 |
| 1994 Q3 | 1.16525680067384 |
| 1994 Q4 | 1.16684828272228 |
| 1995 Q1 | 1.1755811296269 |
| 1995 Q2 | 1.18723869696822 |
| 1995 Q3 | 1.18994562759294 |
| 1995 Q4 | 1.19393596931575 |
| 1996 Q1 | 1.20095639964476 |
| 1996 Q2 | 1.19731041574337 |
| 1996 Q3 | 1.1996126624073 |
| 1996 Q4 | 1.19584138591736 |
| 1997 Q1 | 1.20118562824845 |
| 1997 Q2 | 1.20045569664831 |
| 1997 Q3 | 1.20671275402949 |
| 1997 Q4 | 1.21409821025936 |
| 1998 Q1 | 1.23042560294502 |
| 1998 Q2 | 1.24994629139729 |
| 1998 Q3 | 1.25534691715262 |
| 1998 Q4 | 1.26176773788569 |
| 1999 Q1 | 1.27890816965554 |
| 1999 Q2 | 1.2894990767577 |
| 1999 Q3 | 1.30367023564242 |
| 1999 Q4 | 1.30309644209104 |
| 2000 Q1 | 1.32309019864572 |
| 2000 Q2 | 1.32043596038924 |
| 2000 Q3 | 1.33713455832505 |
| 2000 Q4 | 1.34298666199554 |
| 2001 Q1 | 1.35453553985581 |
| 2001 Q2 | 1.36723238041325 |
| 2001 Q3 | 1.39691244213542 |
| 2001 Q4 | 1.40366860169796 |
| 2002 Q1 | 1.41059016089396 |
| 2002 Q2 | 1.41433961640272 |
| 2002 Q3 | 1.4234110582263 |
| 2002 Q4 | 1.43876150585553 |
| 2003 Q1 | 1.44592513653637 |
| 2003 Q2 | 1.46167161947838 |
| 2003 Q3 | 1.45508244421968 |
| 2003 Q4 | 1.45309293036479 |
| 2004 Q1 | 1.46673290030978 |
| 2004 Q2 | 1.47414940292574 |
| 2004 Q3 | 1.48195335557252 |
| 2004 Q4 | 1.49454531550271 |
| 2005 Q1 | 1.49667940390777 |
| 2005 Q2 | 1.51572292878492 |
| 2005 Q3 | 1.52404714364129 |
| 2005 Q4 | 1.53978098804251 |
| 2006 Q1 | 1.55412996096818 |
| 2006 Q2 | 1.5781346521419 |
| 2006 Q3 | 1.59605789049146 |
| 2006 Q4 | 1.61247539096667 |
| 2007 Q1 | 1.62428080149126 |
| 2007 Q2 | 1.64631662283273 |
| 2007 Q3 | 1.66397502848954 |
| 2007 Q4 | 1.67799229877313 |
| 2008 Q1 | 1.70478402190917 |
| 2008 Q2 | 1.69708444963342 |
| 2008 Q3 | 1.7101354929952 |
| 2008 Q4 | 1.72558792114762 |
| 2009 Q1 | 1.73832086171745 |
| 2009 Q2 | 1.73585740474602 |
| 2009 Q3 | 1.71194546401583 |
| 2009 Q4 | 1.67199649668093 |
| 2010 Q1 | 1.65375577140202 |
| 2010 Q2 | 1.62155774628538 |
| 2010 Q3 | 1.60027393393581 |
| 2010 Q4 | 1.57632744273252 |
| 2011 Q1 | 1.57401054284912 |
| 2011 Q2 | 1.55536238732874 |
| 2011 Q3 | 1.54818624869629 |
| 2011 Q4 | 1.53372558799853 |
| 2012 Q1 | 1.5173710179444 |
| 2012 Q2 | 1.50940040840088 |
| 2012 Q3 | 1.50759080785422 |
| 2012 Q4 | 1.50860121169868 |
| 2013 Q1 | 1.49391834751516 |
| 2013 Q2 | 1.49734506958018 |
| 2013 Q3 | 1.48964688703525 |
| 2013 Q4 | 1.48602046100577 |
| 2014 Q1 | 1.50047930722052 |
| 2014 Q2 | 1.48653726675811 |
| 2014 Q3 | 1.47058827824492 |
| 2014 Q4 | 1.47806544399452 |
| 2015 Q1 | 1.48085930495641 |
| 2015 Q2 | 1.48466934839055 |
| 2015 Q3 | 1.48896662718827 |
| 2015 Q4 | 1.49391279272836 |
| 2016 Q1 | 1.50740526806396 |
| 2016 Q2 | 1.50634314291666 |
| 2016 Q3 | 1.50786721749143 |
| 2016 Q4 | 1.49966423737514 |
| 2017 Q1 | 1.50643321885942 |
| 2017 Q2 | 1.51395413764222 |
| 2017 Q3 | 1.51015038901679 |
| 2017 Q4 | 1.50656787054087 |
| 2018 Q1 | 1.49983296892799 |
| 2018 Q2 | 1.50840424369921 |
| 2018 Q3 | 1.50785124860989 |
| 2018 Q4 | 1.51313138189472 |
| 2019 Q1 | 1.51578066086891 |
| 2019 Q2 | 1.51082566927711 |
| 2019 Q3 | 1.50616703252924 |
| 2019 Q4 | 1.50203091502719 |
| 2020 Q1 | 1.55830206078385 |
| 2020 Q2 | 1.7312076970919 |
| 2020 Q3 | 1.60274316260772 |
| 2020 Q4 | 1.58817412469507 |
| 2021 Q1 | 1.56728425361606 |
| 2021 Q2 | 1.56045933754548 |
| 2021 Q3 | 1.54662254315971 |
| 2021 Q4 | 1.52294507850534 |
| 2022 Q1 | 1.52610389869098 |
| 2022 Q2 | 1.51668899604861 |
| 2022 Q3 | 1.50825434730705 |
| 2022 Q4 | 1.49337506183109 |
| 2023 Q1 | 1.48149194356574 |
| 2023 Q2 | 1.47284693038209 |
| 2023 Q3 | 1.45190848063779 |
| 2023 Q4 | 1.43894054619074 |
| 2024 Q1 | 1.43731940893044 |
| 2024 Q2 | 1.42779487346985 |
| 2024 Q3 | 1.42109743456011 |
| 2024 Q4 | 1.39998639404782 |
| 2025 Q1 | 1.39915344836097 |
| 2025 Q2 | 1.38982558035598 |
| 2025 Q3 | 1.37623119949057 |
| 2025 Q4 | 1.37302220706254 |
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."
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 | 0.563395590907973 | 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 | 0.633170945249705 | 0.571822623195677 |
| 1988 Q3 | 0.634549063145073 | 0.575110333750723 |
| 1988 Q4 | 0.636912911896248 | 0.57451409007745 |
| 1989 Q1 | 0.636353838228802 | 0.574671313401871 |
| 1989 Q2 | 0.637711286470842 | 0.577646926135638 |
| 1989 Q3 | 0.635508874321488 | 0.581894224514144 |
| 1989 Q4 | 0.640293414035301 | 0.589156145814067 |
| 1990 Q1 | 0.635767085707241 | 0.592550344381572 |
| 1990 Q2 | 0.632316324688408 | 0.594268181290424 |
| 1990 Q3 | 0.630873785310208 | 0.59745348219386 |
| 1990 Q4 | 0.634807742492464 | 0.607225333749228 |
| 1991 Q1 | 0.627907412175747 | 0.613414053404887 |
| 1991 Q2 | 0.618509605732919 | 0.61338691813199 |
| 1991 Q3 | 0.605622003574964 | 0.610543903362216 |
| 1991 Q4 | 0.59480648219981 | 0.615405121525284 |
| 1992 Q1 | 0.586126546454858 | 0.614011059385815 |
| 1992 Q2 | 0.575229381759153 | 0.609551300209883 |
| 1992 Q3 | 0.567154196491022 | 0.608643749521255 |
| 1992 Q4 | 0.556485500320845 | 0.60712432322881 |
| 1993 Q1 | 0.555042834795487 | 0.608995611682901 |
| 1993 Q2 | 0.553508997510479 | 0.610838340599027 |
| 1993 Q3 | 0.553012903913894 | 0.614683632810809 |
| 1993 Q4 | 0.548290226980249 | 0.613872231896886 |
| 1994 Q1 | 0.549388587300222 | 0.615255355377132 |
| 1994 Q2 | 0.546313467038668 | 0.614947900014503 |
| 1994 Q3 | 0.547564852357942 | 0.617691948315902 |
| 1994 Q4 | 0.54577891558314 | 0.621069367139137 |
| 1995 Q1 | 0.55025950212761 | 0.625321627499289 |
| 1995 Q2 | 0.555906828613703 | 0.631331868354519 |
| 1995 Q3 | 0.55480862279346 | 0.635137004799479 |
| 1995 Q4 | 0.556647041280727 | 0.637288928035019 |
| 1996 Q1 | 0.555910502527303 | 0.645045897117457 |
| 1996 Q2 | 0.554180215216536 | 0.643130200526837 |
| 1996 Q3 | 0.555589511681126 | 0.644023150726172 |
| 1996 Q4 | 0.552173540888724 | 0.643667845028633 |
| 1997 Q1 | 0.555859951175793 | 0.645325677072652 |
| 1997 Q2 | 0.557305144782291 | 0.643150551866014 |
| 1997 Q3 | 0.562987723516918 | 0.643725030512571 |
| 1997 Q4 | 0.568830356060132 | 0.645267854199229 |
| 1998 Q1 | 0.580175672871309 | 0.650249930073716 |
| 1998 Q2 | 0.593431396081407 | 0.656514895315885 |
| 1998 Q3 | 0.599833989266861 | 0.655512927885758 |
| 1998 Q4 | 0.604269253112038 | 0.657498484773656 |
| 1999 Q1 | 0.614626376029279 | 0.664281793626262 |
| 1999 Q2 | 0.618294473877859 | 0.671204602879844 |
| 1999 Q3 | 0.629408733236939 | 0.674261502405482 |
| 1999 Q4 | 0.62826634575632 | 0.674830096334719 |
| 2000 Q1 | 0.638691229181161 | 0.684398969464554 |
| 2000 Q2 | 0.639929955151 | 0.680506005238238 |
| 2000 Q3 | 0.645112091151867 | 0.692022467173184 |
| 2000 Q4 | 0.648424395998982 | 0.69456226599656 |
| 2001 Q1 | 0.650597680223101 | 0.703937859632705 |
| 2001 Q2 | 0.654669119728276 | 0.71256326068497 |
| 2001 Q3 | 0.661481484277252 | 0.735430957858166 |
| 2001 Q4 | 0.663366560464295 | 0.740302041233661 |
| 2002 Q1 | 0.660939769091668 | 0.749650391802291 |
| 2002 Q2 | 0.658076172036453 | 0.756263444366271 |
| 2002 Q3 | 0.65540438672838 | 0.768006671497919 |
| 2002 Q4 | 0.655105898123688 | 0.783655607731837 |
| 2003 Q1 | 0.650015585107349 | 0.79590955142902 |
| 2003 Q2 | 0.643842717156883 | 0.817828902321501 |
| 2003 Q3 | 0.634707883488323 | 0.820374560731357 |
| 2003 Q4 | 0.624916222358475 | 0.828176708006314 |
| 2004 Q1 | 0.629124950192675 | 0.83760795011711 |
| 2004 Q2 | 0.625340434903035 | 0.84880896802271 |
| 2004 Q3 | 0.62589003265014 | 0.856063322922378 |
| 2004 Q4 | 0.62597892875463 | 0.868566386748083 |
| 2005 Q1 | 0.625753037881348 | 0.870926366026421 |
| 2005 Q2 | 0.630466445907095 | 0.885256482877823 |
| 2005 Q3 | 0.629491924074322 | 0.894555219566964 |
| 2005 Q4 | 0.635134976918696 | 0.904646011123817 |
| 2006 Q1 | 0.638556131408116 | 0.915573829560061 |
| 2006 Q2 | 0.646957586707136 | 0.93117706543476 |
| 2006 Q3 | 0.652133626451206 | 0.943924264040257 |
| 2006 Q4 | 0.661775369028659 | 0.950700021938009 |
| 2007 Q1 | 0.671102153534861 | 0.953178647956397 |
| 2007 Q2 | 0.684142126117599 | 0.962174496715128 |
| 2007 Q3 | 0.698608161414798 | 0.965366867074743 |
| 2007 Q4 | 0.710050888008732 | 0.967941410764402 |
| 2008 Q1 | 0.724832384072989 | 0.979951637836179 |
| 2008 Q2 | 0.7309309530711 | 0.966153496562321 |
| 2008 Q3 | 0.73885420087618 | 0.971281292119021 |
| 2008 Q4 | 0.756039703429763 | 0.96954821771786 |
| 2009 Q1 | 0.760597362521068 | 0.977723499196377 |
| 2009 Q2 | 0.756518980705136 | 0.979338424040882 |
| 2009 Q3 | 0.740547676975977 | 0.971397787039855 |
| 2009 Q4 | 0.716248355344995 | 0.955748141335937 |
| 2010 Q1 | 0.708868639266462 | 0.944887132135559 |
| 2010 Q2 | 0.694161216748009 | 0.92739652953737 |
| 2010 Q3 | 0.689437983696182 | 0.910835950239628 |
| 2010 Q4 | 0.676853561396035 | 0.899473881336485 |
| 2011 Q1 | 0.675641737509061 | 0.898368805340057 |
| 2011 Q2 | 0.672144289659181 | 0.883218097669561 |
| 2011 Q3 | 0.673386214442013 | 0.874800034254279 |
| 2011 Q4 | 0.671341189409919 | 0.86238439858861 |
| 2012 Q1 | 0.667347136268067 | 0.850023881676329 |
| 2012 Q2 | 0.668725988555027 | 0.840674419845852 |
| 2012 Q3 | 0.674941225369022 | 0.832649582485194 |
| 2012 Q4 | 0.683204003503199 | 0.825397208195479 |
| 2013 Q1 | 0.677944129538654 | 0.815974217976502 |
| 2013 Q2 | 0.684471590627525 | 0.812873478952652 |
| 2013 Q3 | 0.687019835862535 | 0.80262705117272 |
| 2013 Q4 | 0.685291936915612 | 0.800728524090161 |
| 2014 Q1 | 0.696361754086497 | 0.804117553134023 |
| 2014 Q2 | 0.694092385036443 | 0.792444881721663 |
| 2014 Q3 | 0.694147536191965 | 0.776440742052955 |
| 2014 Q4 | 0.703932971711436 | 0.774132472283089 |
| 2015 Q1 | 0.710408359296791 | 0.770450945659622 |
| 2015 Q2 | 0.717359679961207 | 0.767309668429343 |
| 2015 Q3 | 0.722845959373373 | 0.766120667814899 |
| 2015 Q4 | 0.730272197055004 | 0.76364059567336 |
| 2016 Q1 | 0.742241375913429 | 0.765163892150533 |
| 2016 Q2 | 0.742787908871144 | 0.763555234045519 |
| 2016 Q3 | 0.745195258322567 | 0.762671959168859 |
| 2016 Q4 | 0.7407477739323 | 0.758916463442839 |
| 2017 Q1 | 0.747914998710587 | 0.758518220148833 |
| 2017 Q2 | 0.754590482473494 | 0.759363655168728 |
| 2017 Q3 | 0.755281363375421 | 0.754869025641364 |
| 2017 Q4 | 0.756313791704663 | 0.750254078836206 |
| 2018 Q1 | 0.753908800100037 | 0.745924168827953 |
| 2018 Q2 | 0.766445383955774 | 0.741958859743436 |
| 2018 Q3 | 0.767646582267283 | 0.740204666342608 |
| 2018 Q4 | 0.772169982723382 | 0.74096139917134 |
| 2019 Q1 | 0.776748943708672 | 0.739031717160234 |
| 2019 Q2 | 0.773635945669158 | 0.737189723607948 |
| 2019 Q3 | 0.772663115283294 | 0.733503917245943 |
| 2019 Q4 | 0.768868652510026 | 0.733162262517167 |
| 2020 Q1 | 0.814103362760317 | 0.744198698023533 |
| 2020 Q2 | 0.921214446667803 | 0.809993250424097 |
| 2020 Q3 | 0.847750807818696 | 0.754992354789023 |
| 2020 Q4 | 0.835861151909073 | 0.752312972785999 |
| 2021 Q1 | 0.823789334832053 | 0.743494918784007 |
| 2021 Q2 | 0.811190130927678 | 0.749269206617801 |
| 2021 Q3 | 0.801725800430391 | 0.744896742729318 |
| 2021 Q4 | 0.789338669116936 | 0.7336064093884 |
| 2022 Q1 | 0.789908946597843 | 0.736194952093134 |
| 2022 Q2 | 0.78429233156642 | 0.732396664482192 |
| 2022 Q3 | 0.777566168738028 | 0.73068817856902 |
| 2022 Q4 | 0.768057460532883 | 0.725317601298205 |
| 2023 Q1 | 0.763561185158458 | 0.717930758407279 |
| 2023 Q2 | 0.757599903087735 | 0.715247027294352 |
| 2023 Q3 | 0.745033543549981 | 0.706874937087812 |
| 2023 Q4 | 0.736851005965863 | 0.702089540224879 |
| 2024 Q1 | 0.736736985695461 | 0.700582423234982 |
| 2024 Q2 | 0.732852772308574 | 0.694942101161271 |
| 2024 Q3 | 0.72973323361231 | 0.691364200947802 |
| 2024 Q4 | 0.719660051026679 | 0.680326343021142 |
| 2025 Q1 | 0.720494493846022 | 0.67865895451495 |
| 2025 Q2 | 0.715888998422836 | 0.67393658193314 |
| 2025 Q3 | 0.708552153485493 | 0.667679046005073 |
| 2025 Q4 | 0.70679476882285 | 0.666227438239688 |
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."
Figure 2.3. Business debt adjusted for inflation fell moderately during the second half of 2025
Percent change, annual rate
| Date | Growth of agg debt |
|---|---|
| 1997 Q1 | 5.2765921668036 |
| 1997 Q2 | 6.50596276337176 |
| 1997 Q3 | 9.81915822152529 |
| 1997 Q4 | 7.49971504826203 |
| 1998 Q1 | 12.248554062875 |
| 1998 Q2 | 12.8312944323508 |
| 1998 Q3 | 9.55366128156388 |
| 1998 Q4 | 9.49394837952336 |
| 1999 Q1 | 10.7899795528327 |
| 1999 Q2 | 5.45212600840892 |
| 1999 Q3 | 10.232326125044 |
| 1999 Q4 | 5.94141034483005 |
| 2000 Q1 | 8.10761792186101 |
| 2000 Q2 | 8.16170354297275 |
| 2000 Q3 | 3.48416635149848 |
| 2000 Q4 | 4.43972405763693 |
| 2001 Q1 | 0.96024206344801 |
| 2001 Q2 | 4.72232811367687 |
| 2001 Q3 | 2.90544086853302 |
| 2001 Q4 | 2.20344290679178 |
| 2002 Q1 | 2.07735667277962 |
| 2002 Q2 | 0.52039141377032 |
| 2002 Q3 | 0.113784005113219 |
| 2002 Q4 | 0.306132383426709 |
| 2003 Q1 | -1.16460558815083 |
| 2003 Q2 | -0.482277048796076 |
| 2003 Q3 | 0.881879563809177 |
| 2003 Q4 | -2.24784224458981 |
| 2004 Q1 | 3.65782856394675 |
| 2004 Q2 | 0.659653890386996 |
| 2004 Q3 | 4.16037621618187 |
| 2004 Q4 | 4.14801150713855 |
| 2005 Q1 | 4.41215636729909 |
| 2005 Q2 | 4.96620721565596 |
| 2005 Q3 | 2.37186136778076 |
| 2005 Q4 | 5.9298409985139 |
| 2006 Q1 | 7.50274710481961 |
| 2006 Q2 | 6.26326182850567 |
| 2006 Q3 | 3.66340223722686 |
| 2006 Q4 | 9.32034025111901 |
| 2007 Q1 | 6.38583313830024 |
| 2007 Q2 | 10.5153332631239 |
| 2007 Q3 | 11.3197497943042 |
| 2007 Q4 | 8.83490386298685 |
| 2008 Q1 | 6.36788336464068 |
| 2008 Q2 | 6.30680465227821 |
| 2008 Q3 | 2.36032814046514 |
| 2008 Q4 | 0.714661398894243 |
| 2009 Q1 | -2.84122041306902 |
| 2009 Q2 | -2.87948041874809 |
| 2009 Q3 | -6.73414008080822 |
| 2009 Q4 | -5.52854899301954 |
| 2010 Q1 | -3.63522568785609 |
| 2010 Q2 | -4.32328511438944 |
| 2010 Q3 | 0.25871566442494 |
| 2010 Q4 | -1.57170553016874 |
| 2011 Q1 | -1.45600768735285 |
| 2011 Q2 | 0.569386524681652 |
| 2011 Q3 | 1.03321766807274 |
| 2011 Q4 | 3.3216143329435 |
| 2012 Q1 | 1.21500225471573 |
| 2012 Q2 | 2.66276374750584 |
| 2012 Q3 | 4.07275398246006 |
| 2012 Q4 | 6.56903428948765 |
| 2013 Q1 | 1.04576307133742 |
| 2013 Q2 | 4.69163162025022 |
| 2013 Q3 | 4.72756411653251 |
| 2013 Q4 | 2.95319588664687 |
| 2014 Q1 | 5.08707390377487 |
| 2014 Q2 | 4.03712354688032 |
| 2014 Q3 | 4.8022619385226 |
| 2014 Q4 | 7.95777077715521 |
| 2015 Q1 | 7.79675062329586 |
| 2015 Q2 | 6.4182855718201 |
| 2015 Q3 | 4.78926518091837 |
| 2015 Q4 | 5.61988657452788 |
| 2016 Q1 | 8.82207035316389 |
| 2016 Q2 | 1.68472666918865 |
| 2016 Q3 | 4.1027025891612 |
| 2016 Q4 | -0.187052295191412 |
| 2017 Q1 | 4.02068398389368 |
| 2017 Q2 | 5.81128176333981 |
| 2017 Q3 | 3.51054937853156 |
| 2017 Q4 | 3.16126662072649 |
| 2018 Q1 | 1.94983320676158 |
| 2018 Q2 | 0.376165021870641 |
| 2018 Q3 | 3.11599155897802 |
| 2018 Q4 | 3.0232950705487 |
| 2019 Q1 | 5.17593232103611 |
| 2019 Q2 | 2.07635854540039 |
| 2019 Q3 | 4.43657741935711 |
| 2019 Q4 | 0.963457020802396 |
| 2020 Q1 | 18.0559891363041 |
| 2020 Q2 | 16.8088629716375 |
| 2020 Q3 | -3.32499672103859 |
| 2020 Q4 | -1.14187421769011 |
| 2021 Q1 | -0.262896649369847 |
| 2021 Q2 | -3.45057258553892 |
| 2021 Q3 | -1.32839325583262 |
| 2021 Q4 | 0.278233182235178 |
| 2022 Q1 | -0.799587443735399 |
| 2022 Q2 | -2.4958513713569 |
| 2022 Q3 | -0.494426398749888 |
| 2022 Q4 | -0.705650531844019 |
| 2023 Q1 | 0.595038215323957 |
| 2023 Q2 | -0.255424752406306 |
| 2023 Q3 | -1.93106659672143 |
| 2023 Q4 | -0.740230683427188 |
| 2024 Q1 | 0.819107711569633 |
| 2024 Q2 | 1.41186178208138 |
| 2024 Q3 | 1.52332900978286 |
| 2024 Q4 | -1.46764862924276 |
| 2025 Q1 | 1.5047650238649 |
| 2025 Q2 | 1.74555430300121 |
| 2025 Q3 | 0.13832096531584 |
| 2025 Q4 | -1.34828579992127 |
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."
Figure 2.4. Net issuance of risky debt was modest during the second half of 2025
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 | 0.460359469560002 |
| 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 | 32.9949474055 |
| 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 | -2.73038512689999 |
| 2016 Q4 | 7.194580078125 | -44.46958316503 |
| 2017 Q1 | -4.2435302734375 | 9.0480177782 |
| 2017 Q2 | 49.00634765625 | -9.05573664711 |
| 2017 Q3 | 13.031982421875 | -2.19109402510999 |
| 2017 Q4 | 16.81396484375 | -3.11587345473999 |
| 2018 Q1 | 34.333251953125 | 16.614626855113 |
| 2018 Q2 | 54.8770141601563 | -8.73682443242 |
| 2018 Q3 | 45.0819091796875 | 10.28165573089 |
| 2018 Q4 | 57.5950927734375 | -20.52812190214 |
| 2019 Q1 | 33.6610107421875 | 12.84513095774 |
| 2019 Q2 | 16.1658935546875 | 19.040025168757 |
| 2019 Q3 | -16.1549072265625 | 11.66588355029 |
| 2019 Q4 | 12.594970703125 | 9.70150317656999 |
| 2020 Q1 | 3.09814453125 | 5.06436037497 |
| 2020 Q2 | -11.4285888671875 | 90.27088892529 |
| 2020 Q3 | 14.3199462890625 | 8.76417458297999 |
| 2020 Q4 | -6.167724609375 | -9.06169543420002 |
| 2021 Q1 | 13.6552734375 | 21.14987596717 |
| 2021 Q2 | 51.3404541015625 | 31.17368451525 |
| 2021 Q3 | 41.23828125 | 15.48053534896 |
| 2021 Q4 | 41.805908203125 | 4.16325644673 |
| 2022 Q1 | 49.3033447265625 | -11.89424530992 |
| 2022 Q2 | 24.0108642578125 | -10.99602021956 |
| 2022 Q3 | 16.0382080078125 | -20.78150099021 |
| 2022 Q4 | -17.26318359375 | -16.28215188531 |
| 2023 Q1 | -14.5274658203125 | 1.41580029038 |
| 2023 Q2 | -4.7691650390625 | -1.58521450415 |
| 2023 Q3 | 14.095458984375 | -1.14732739198 |
| 2023 Q4 | -10.7762451171875 | -3.870144551 |
| 2024 Q1 | -9.39404296875 | -2.52051003096001 |
| 2024 Q2 | 4.4625244140625 | 15.190675208 |
| 2024 Q3 | -9.58837890625 | 3.37409679808 |
| 2024 Q4 | 35.608154296875 | -11.762285544 |
| 2025 Q1 | 50.62158203125 | 3.279602497156 |
| 2025 Q2 | 24.6611328125 | -32.48362 |
| 2025 Q3 | 15.6845703125 | -18.12892398219 |
| 2025 Q4 | 39.3701171875 | -24.303347562 |
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).
Source: LSEG, Mergent Fixed Income Securities Database; PitchBook Data, Leveraged Commentary & Data.
Figure 2.5. Gross leverage of publicly traded nonfinancial firms ticked down but was still high by historical standards
Percent
| Date | 75th percentile | All firms |
|---|---|---|
| 2000 Q1 | 48.2251895902531 | 30.3541604369208 |
| 2000 Q2 | 47.8512910274851 | 29.607936460319 |
| 2000 Q3 | 47.4916752996759 | 29.0128080769913 |
| 2000 Q4 | 46.987233134119 | 29.1777454976555 |
| 2001 Q1 | 47.4697237151702 | 29.1835167267951 |
| 2001 Q2 | 47.3563105551077 | 29.3683629554628 |
| 2001 Q3 | 47.3004312463195 | 29.3594647615502 |
| 2001 Q4 | 47.1031152483785 | 29.9835080979648 |
| 2002 Q1 | 46.0030603756982 | 30.6133482725245 |
| 2002 Q2 | 44.4515954205301 | 29.6667758199989 |
| 2002 Q3 | 44.1056157641294 | 29.4440846206678 |
| 2002 Q4 | 44.4031862654759 | 29.1668028203427 |
| 2003 Q1 | 42.8197880003322 | 28.9511033544839 |
| 2003 Q2 | 42.1634269109395 | 28.1281444282336 |
| 2003 Q3 | 41.7239663860221 | 27.7739827229831 |
| 2003 Q4 | 41.5117350218286 | 26.7005426392269 |
| 2004 Q1 | 39.4012754511186 | 26.2985996897949 |
| 2004 Q2 | 38.8714398156194 | 25.6923469868265 |
| 2004 Q3 | 38.6334176469142 | 25.3755405421165 |
| 2004 Q4 | 39.0875876795421 | 25.1281353283416 |
| 2005 Q1 | 37.7650381027056 | 24.9184982998176 |
| 2005 Q2 | 37.7659268377245 | 24.7992907128075 |
| 2005 Q3 | 37.485804088461 | 24.1238773662973 |
| 2005 Q4 | 38.3413203621397 | 24.1803704294569 |
| 2006 Q1 | 37.4089969135364 | 24.4461449425496 |
| 2006 Q2 | 37.7219468057056 | 24.3402891524331 |
| 2006 Q3 | 37.6753766883697 | 24.3474874984505 |
| 2006 Q4 | 38.5743531903771 | 24.6981064348234 |
| 2007 Q1 | 37.9848455164371 | 24.9128840483651 |
| 2007 Q2 | 38.6513307464355 | 25.1587629055098 |
| 2007 Q3 | 38.6792663578789 | 25.5532792084016 |
| 2007 Q4 | 38.9335972021326 | 25.8365061254155 |
| 2008 Q1 | 39.0910994134577 | 26.0452557632683 |
| 2008 Q2 | 38.9883943871761 | 26.1707607027509 |
| 2008 Q3 | 39.9924244055765 | 27.1573983396475 |
| 2008 Q4 | 42.7413039996193 | 28.7483191844985 |
| 2009 Q1 | 41.5219891233024 | 28.6783192297274 |
| 2009 Q2 | 39.8994417234298 | 27.9238502064014 |
| 2009 Q3 | 38.4762831126504 | 26.9578105813331 |
| 2009 Q4 | 38.7378386317516 | 26.7425504945079 |
| 2010 Q1 | 37.129200638071 | 26.3288217987919 |
| 2010 Q2 | 36.7418921459583 | 26.1987487260715 |
| 2010 Q3 | 36.3269348842672 | 26.207744142567 |
| 2010 Q4 | 36.9740855507758 | 25.9652622215262 |
| 2011 Q1 | 36.0956578872633 | 25.7813544194512 |
| 2011 Q2 | 35.6462669369208 | 25.8315047451371 |
| 2011 Q3 | 36.4053497443518 | 26.1744746427719 |
| 2011 Q4 | 37.8409500468593 | 26.077814873506 |
| 2012 Q1 | 36.9710924028517 | 26.0269415762698 |
| 2012 Q2 | 37.4886035036024 | 26.589240594827 |
| 2012 Q3 | 37.4879443178704 | 26.7073857737548 |
| 2012 Q4 | 38.787018318139 | 27.0860199098655 |
| 2013 Q1 | 38.0792925362076 | 26.9373272768187 |
| 2013 Q2 | 38.258899928804 | 27.3639532583908 |
| 2013 Q3 | 38.5466075494801 | 27.6868923173709 |
| 2013 Q4 | 40.128197881951 | 27.9107012695047 |
| 2014 Q1 | 39.2639983162186 | 28.5198063907124 |
| 2014 Q2 | 40.2767093780862 | 28.4459292334928 |
| 2014 Q3 | 40.8845778464677 | 28.6055808810891 |
| 2014 Q4 | 42.1595170425966 | 29.1869634872809 |
| 2015 Q1 | 42.402295589231 | 30.0411379517256 |
| 2015 Q2 | 42.1010947669893 | 30.5807290786941 |
| 2015 Q3 | 42.6674881278054 | 31.1205553195715 |
| 2015 Q4 | 43.9208282144074 | 32.0587905478482 |
| 2016 Q1 | 43.9589887541959 | 32.6702803676346 |
| 2016 Q2 | 43.7353924513741 | 32.8994061432734 |
| 2016 Q3 | 43.0770913582066 | 32.9887186458923 |
| 2016 Q4 | 43.2833623817701 | 32.8493921054986 |
| 2017 Q1 | 42.7287508914669 | 33.1235693650828 |
| 2017 Q2 | 42.2770834932747 | 33.4866003563749 |
| 2017 Q3 | 42.1396025047682 | 33.3090541398604 |
| 2017 Q4 | 42.0113248345264 | 32.9546142865511 |
| 2018 Q1 | 42.0217236382725 | 33.2635929301531 |
| 2018 Q2 | 42.2094144732426 | 33.0479368844998 |
| 2018 Q3 | 41.7224911612635 | 32.7839003337959 |
| 2018 Q4 | 42.5241810625098 | 33.0865404627518 |
| 2019 Q1 | 46.3251481726795 | 35.2553975155036 |
| 2019 Q2 | 46.5966218021023 | 35.5763218116373 |
| 2019 Q3 | 47.4919685276304 | 35.5039722317612 |
| 2019 Q4 | 47.9232222919916 | 35.4786488832927 |
| 2020 Q1 | 49.8709143084474 | 37.4938628763217 |
| 2020 Q2 | 49.1808386359943 | 37.6969278869773 |
| 2020 Q3 | 47.4091967615202 | 36.8318673223527 |
| 2020 Q4 | 46.76300006193 | 36.1309873667296 |
| 2021 Q1 | 45.9982026611294 | 35.715267009393 |
| 2021 Q2 | 45.0778960898639 | 35.1756119086575 |
| 2021 Q3 | 44.3745459998892 | 34.6236164006051 |
| 2021 Q4 | 44.6315017834284 | 34.2257569148909 |
| 2022 Q1 | 44.8507429676206 | 34.1219191033203 |
| 2022 Q2 | 45.5892435543826 | 34.0608951079492 |
| 2022 Q3 | 45.4200284370136 | 34.117390098703 |
| 2022 Q4 | 45.681976387343 | 34.1924021581123 |
| 2023 Q1 | 45.8518677626218 | 34.3151808009307 |
| 2023 Q2 | 45.2638700699229 | 34.2366355723328 |
| 2023 Q3 | 45.4838794689724 | 34.0261570328645 |
| 2023 Q4 | 45.9346849816323 | 33.8775818314572 |
| 2024 Q1 | 45.6018144035783 | 33.7929557499344 |
| 2024 Q2 | 45.3368974313336 | 33.7905832457702 |
| 2024 Q3 | 44.7993102951296 | 33.6991026044032 |
| 2024 Q4 | 45.6543806547806 | 33.3329993534822 |
| 2025 Q1 | 45.2841517068607 | 33.2877239421495 |
| 2025 Q2 | 45.3645417848671 | 33.3532898234594 |
| 2025 Q3 | 44.8403552392843 | 32.9449838164723 |
| 2025 Q4 | 44.3708656669877 | 32.8596395742465 |
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.
Figure 2.6. Interest coverage ratios, which indicate firms’ ability to service their debt, remained solid
Ratio
| Date | Median for all public firms | Median for all non-investment grade public firms |
|---|---|---|
| 2000 Q1 | 2.36029256294827 | 1.61880687563195 |
| 2000 Q2 | 2.32273712851903 | 1.56556060909018 |
| 2000 Q3 | 2.26505465547531 | 1.52022690809076 |
| 2000 Q4 | 2.20765965258479 | 1.45363635276925 |
| 2001 Q1 | 2.12852564194417 | 1.3789697908598 |
| 2001 Q2 | 2.08123088685015 | 1.36138871538622 |
| 2001 Q3 | 1.896224914523 | 1.26312255859375 |
| 2001 Q4 | 1.77499224906829 | 1.28658273731876 |
| 2002 Q1 | 1.78358113556355 | 1.28704650575077 |
| 2002 Q2 | 1.74299573766832 | 1.29541432019308 |
| 2002 Q3 | 1.84639474488237 | 1.40560672591038 |
| 2002 Q4 | 2.00299018253853 | 1.5266681041242 |
| 2003 Q1 | 2.10272768774252 | 1.59640587664859 |
| 2003 Q2 | 2.11516853932584 | 1.51255399568035 |
| 2003 Q3 | 2.16629955947137 | 1.66891486810552 |
| 2003 Q4 | 2.29642730810046 | 1.67355880648899 |
| 2004 Q1 | 2.5508520593808 | 1.94547074268567 |
| 2004 Q2 | 2.88291600293788 | 2.07079115542597 |
| 2004 Q3 | 3.02322975887266 | 2.24058484714222 |
| 2004 Q4 | 3.00733914959822 | 2.36372604284104 |
| 2005 Q1 | 3.01525013670467 | 2.28617826393357 |
| 2005 Q2 | 3.02606461086637 | 2.25381330079317 |
| 2005 Q3 | 3.06967615309127 | 2.27743661377893 |
| 2005 Q4 | 3.04438933809703 | 2.29 |
| 2006 Q1 | 3.07230281051677 | 2.33080754848824 |
| 2006 Q2 | 3.01334226251803 | 2.28508196986616 |
| 2006 Q3 | 2.98144254568735 | 2.31840873364641 |
| 2006 Q4 | 2.9279820593857 | 2.29589371980676 |
| 2007 Q1 | 2.92503136762861 | 2.24204892966361 |
| 2007 Q2 | 2.84011836971423 | 2.21200414852434 |
| 2007 Q3 | 2.70073975124913 | 2.1169927127704 |
| 2007 Q4 | 2.73118991788882 | 2.10696691278196 |
| 2008 Q1 | 2.79681694532909 | 2.16965116280768 |
| 2008 Q2 | 3.00493378242122 | 2.25710517059444 |
| 2008 Q3 | 2.98272101033295 | 2.25634057971015 |
| 2008 Q4 | 2.63538781163435 | 1.94048324300111 |
| 2009 Q1 | 2.70977612724569 | 1.97538621306058 |
| 2009 Q2 | 2.47795823665893 | 1.76333390499057 |
| 2009 Q3 | 2.33378799551758 | 1.60280986015585 |
| 2009 Q4 | 2.28557564477533 | 1.6853186646434 |
| 2010 Q1 | 2.63014640984373 | 1.98509615384615 |
| 2010 Q2 | 2.7625 | 2.11074578369178 |
| 2010 Q3 | 2.94642857142857 | 2.19629341390466 |
| 2010 Q4 | 3.04279279279279 | 2.29960053262317 |
| 2011 Q1 | 3.18913905228684 | 2.47194513715711 |
| 2011 Q2 | 3.37560574593285 | 2.56389758497317 |
| 2011 Q3 | 3.52327335003323 | 2.62713120830245 |
| 2011 Q4 | 3.46364177772884 | 2.58290035378932 |
| 2012 Q1 | 3.39739663093415 | 2.51354228341928 |
| 2012 Q2 | 3.42881944444444 | 2.58731721034871 |
| 2012 Q3 | 3.28607621440536 | 2.40346903669725 |
| 2012 Q4 | 3.08927800345172 | 2.38241383890879 |
| 2013 Q1 | 3.1944397179872 | 2.32926213267324 |
| 2013 Q2 | 3.24778761061947 | 2.27867383512545 |
| 2013 Q3 | 3.25617283950617 | 2.2412301549577 |
| 2013 Q4 | 3.16103401655293 | 2.21893063279321 |
| 2014 Q1 | 3.21590909090909 | 2.21543166843521 |
| 2014 Q2 | 3.41990599929472 | 2.3953626165271 |
| 2014 Q3 | 3.47222222222222 | 2.44279765576804 |
| 2014 Q4 | 3.38440103890594 | 2.33018542177411 |
| 2015 Q1 | 3.35 | 2.1882415907689 |
| 2015 Q2 | 3.30377839399575 | 2.19896210954959 |
| 2015 Q3 | 3.30296426918596 | 2.2053190769439 |
| 2015 Q4 | 3.11452966121016 | 2.13804071246819 |
| 2016 Q1 | 2.93783712295602 | 2.05178326474623 |
| 2016 Q2 | 2.925 | 1.99905541532718 |
| 2016 Q3 | 2.9600483597964 | 2.13148393751842 |
| 2016 Q4 | 2.97683329403443 | 2.01607468399043 |
| 2017 Q1 | 3.0343137254902 | 2.11521471132114 |
| 2017 Q2 | 3.1031506024492 | 2.21077054794521 |
| 2017 Q3 | 3.05179032280687 | 2.28199541872663 |
| 2017 Q4 | 3.08142857142857 | 2.29038992254963 |
| 2018 Q1 | 3.05749792959638 | 2.23897209453468 |
| 2018 Q2 | 3.08616570197873 | 2.34947196010365 |
| 2018 Q3 | 3.16666666666667 | 2.37413292576088 |
| 2018 Q4 | 3.06911126342244 | 2.33254433122041 |
| 2019 Q1 | 2.95527474609403 | 2.21354166666667 |
| 2019 Q2 | 2.88619623655914 | 2.04465198967415 |
| 2019 Q3 | 2.79431585703398 | 2.06433860568205 |
| 2019 Q4 | 2.65971045239767 | 2.01046414165226 |
| 2020 Q1 | 2.47827015193341 | 1.77924983872377 |
| 2020 Q2 | 2.13029513888889 | 1.36201298701299 |
| 2020 Q3 | 2.18381564844587 | 1.25035997216271 |
| 2020 Q4 | 2.06107694612878 | 1.25215200965459 |
| 2021 Q1 | 2.50149957155099 | 1.51521090989399 |
| 2021 Q2 | 3.01237560516407 | 1.91576304396369 |
| 2021 Q3 | 3.30645161290323 | 2.24786036036036 |
| 2021 Q4 | 3.20799165071806 | 2.19124305798769 |
| 2022 Q1 | 3.43227964934153 | 2.21688927938179 |
| 2022 Q2 | 3.40530996985994 | 2.07290518191841 |
| 2022 Q3 | 3.08245657906773 | 1.86126431904964 |
| 2022 Q4 | 2.58078994614004 | 1.65006633505511 |
| 2023 Q1 | 2.46209486166008 | 1.55568808544165 |
| 2023 Q2 | 2.36249698359073 | 1.48944850872257 |
| 2023 Q3 | 2.39418755068657 | 1.43577981651376 |
| 2023 Q4 | 2.26564027370479 | 1.39214186193929 |
| 2024 Q1 | 2.36240691489362 | 1.53723404255319 |
| 2024 Q2 | 2.37067243216941 | 1.49209027045161 |
| 2024 Q3 | 2.38237445756063 | 1.52 |
| 2024 Q4 | 2.47925200382623 | 1.67204281567489 |
| 2025 Q1 | 2.55818414322251 | 1.68092105263158 |
| 2025 Q2 | 2.5738127090301 | 1.62232079191309 |
| 2025 Q3 | 2.55555555555556 | 1.60087062984628 |
| 2025 Q4 | 2.75628061511282 | 1.81862745098039 |
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.
Figure 2.7. Firms with commercial and industrial bank loans lowered their leverage
This is a line chart showing quarterly data from 2013 through 2025. The y-axis shows debt as percentage of assets ranging from 24 percent to 36 percent. Two lines are displayed: Privately held firms (thin black line) and Publicly traded firms (thick blue line). The series on privately held firms begins around 31 percent in 2013, gradually increases to about 34 percent by 2018, remains stable until 2020, then decreases to about 31 percent by 2021 with a final value just above 30 percent in 2025:Q4. The publicly traded firms series starts around 25 percent in 2013, increases steadily to about 30 percent by 2019, then remains mostly stable, with a final value just below 30 percent in 2025:Q4.
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.
Figure 2.8. Newly issued leveraged loans with debt-to-EBITDA multiples of 4 or more increased moderately and stayed above the historical median
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 | 15.7999992370605 | 24.6999993920326 | 25.9999990463257 | 33.500000834465 |
| 2026 Q1 | 17.0999996364117 | 27.0000010728836 | 26.3000011444092 | 29.6000003814697 |
Note: Volumes are for large corporations with earnings before interest, taxes, depreciation, and amortization (EBITDA) 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: LSEG, Mergent Fixed Income Securities Database; PitchBook Data, Leveraged Commentary & Data.
Figure 2.9. 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 |
| 2025-03-01 | 0.820176535198467 | 4.31338028169014 |
| 2025-04-01 | 0.725649872858271 | 4.37828371278459 |
| 2025-05-01 | 0.735273967076573 | 4.35555555555556 |
| 2025-06-01 | 1.10941752500666 | 4.45632798573975 |
| 2025-07-01 | 1.10792201240364 | 4.56171735241503 |
| 2025-08-01 | 1.18987145649206 | 4.45859872611465 |
| 2025-09-01 | 1.50166921803522 | 4.40771349862259 |
| 2025-10-01 | 1.46299926369636 | 4.16666666666667 |
| 2025-11-01 | 1.24876784397157 | 3.68043087971275 |
| 2025-12-01 | 1.23118381312179 | 3.34538878842676 |
| 2026-01-01 | 1.29202324327852 | 3.53260869565217 |
| 2026-02-01 | 1.37900164749599 | 3.53901996370236 |
| 2026-03-01 | 1.44435426950671 | 3.48214285714286 |
Note: The data for the realized default rate 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.
Figure 2.10. Household debt was largely unchanged
This is a line chart showing quarterly household debt by borrower credit quality from 1999 through 2025. The y-axis shows trillions of dollars (real) ranging from 0 to 14. Three lines represent different borrower categories: Prime (thin black line), Near prime (medium-thick blue line), and Subprime (thick burgundy line). Prime borrowers show the highest debt level, increasing from about 5 trillion dollars in 2000 to a relative peak of about 11 trillion around 2007, dipping to about 9 trillion around 2012, then steadily rising to about 13 trillion by 2025:Q4. Near prime borrowers show a more moderate trend, increasing from about 3 trillion in 2000 to a peak of about 5 trillion in 2007, then gradually decreasing to about 3 trillion by 2025:Q4. Subprime borrowers show the lowest overall debt level, rising from about 1.5 trillion in 2000 to a peak of about 3 trillion in 2008, then declining to about 1.5 trillion by 2020, with a slight increase to just above 2 trillion by 2025: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 2025 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.
Figure 2.11. Measures of housing leverage stayed significantly below their peak levels
This is a line chart showing quarterly housing leverage measures from 1999 through 2025, with an index of 1999:Q1 = 100. The y-axis ranges from 60 to 180. Two lines are displayed: Relative to model-implied values (thin black line) and Relative to market value (thick blue line). A horizontal dashed line at 100 represents the baseline index value. The model-implied line begins at 100 and rises to peaks of about 130 in 2007-2008, then falls to near 110 by 2012 and remains relatively flat with a final value around 110 in 2025:Q4. The blue line begins at 100 and remains just below 100 through 2006, rises to a peak of about 130 in 2011-2012, then steadily declines to about 80 by 2025:Q4.
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.
Figure 2.12. New mortgage extensions were largely unchanged
This is a bar chart showing annual new mortgage extensions by borrower credit quality from 2000 through 2025. The y-axis shows billions of dollars (real) ranging from 0 to 1800. Each year displays three bars representing different borrower categories: Subprime (terracotta, left bars), Near prime (beige, middle bars), and Prime (blue, right bars). Prime borrowers consistently show the highest mortgage extensions, with peaks of approximately 1600-1700 billion dollars in 2004-2006 and 2022. Near prime borrowers show moderate extensions, typically ranging from 300 to 1000 billion dollars, with peaks in 2004-2007 near 1200 and hovering around 300-500 billion from 2012-2025. Subprime borrowers show the lowest extensions, generally below 400 billion dollars, with higher values around 2005-2008 at approximately 400 billion and hovering around 100-150 billion from 2012-2025. The final bars for 2025 show about 100 billion dollars for subprime, about 300 billion dollars for near prime, and about 1100 billion dollars for prime.
Note: The figure plots the year-over-year change in balances for the first quarter of each year among those households whose balance increased over this window. Subprime are borrowers 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 2025 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.
Figure 2.13. Mortgage delinquency rates remained close to the low end of their historical distribution
This is a line chart showing quarterly mortgage delinquency rates from 2001 through 2025. The y-axis shows percent of mortgages ranging from 0 to 12 percent. Two lines are displayed: Delinquent (thick blue line) and Delinquent, in forbearance, or in loss mitigation (thin black line). The delinquent, in forbearance, or in loss mitigation mortgage series shows higher values throughout, starting around 5 percent in 2001, remaining relatively stable until 2007, then rising sharply to peaks of approximately 9 percent during 2010-2012. There is another jump in the series around 2017 to 8 percent. After that, the series gradually declines to about 6 percent by 2019, spikes briefly to 8 percent in 2020, then returns to a downward trend, reaching about 4 percent by 2025:Q4. The thick blue line for delinquent mortgages shows lower overall delinquency rates, starting at about 3 percent in 2001, rising to peaks of about 7 percent during 2009-2011, then steadily declining to about 1 percent by 2021, before rising slightly to about 2 percent by 2025: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 loans in both series are loans reported to the credit bureau as at least 30 days past due.
Source: Federal Reserve Bank of New York Consumer Credit Panel/Equifax.
Figure 2.14. Very few homeowners had negative equity in their homes
This is a line chart showing monthly data for the percentage of mortgages with negative equity from 2007 to 2025. The y-axis shows percent of mortgages and ranges from 0 to 30 percent. There is one variable plotted, represented by a black line. The series begins around 0 percent in 2007, increases rapidly to peak at about 25 percent in late 2008, where it remains through 2011. It then steadily decreases to about 3 percent by 2016. The line stabilizes at approximately 1-2 percent from 2017 through December 2025.
Note: The data extend through December 2025 for all outstanding first-lien mortgages. Negative equity is defined as a combined loan-to-value ratio greater than 100 percent.
Source: Credit Risk Insight Servicing McDash/Equifax; Federal Reserve Board staff calculations.
Figure 2.15. Consumer debt balances were largely unchanged for student and auto loans but moved up for credit cards
This is a line chart showing quarterly consumer debt balances from 1999 through 2025. The y-axis shows billions of dollars (real) ranging from 400 to 2000. Three lines represent different debt categories: Student loans (thin black line), Auto loans (medium-thick blue line), and Credit cards (thick burgundy line). Student loans show the most dramatic increase over the period, rising from about 600 billion dollars when the series begins in 2005 to a peak of about 1800 billion dollars around 2020, before declining to approximately 1600 billion through 2025:Q4. Auto loans show a steady increase from about 700 billion dollars in 2000 to about 1600 billion dollars by 2022, leveling off around that value through 2025:Q4. Credit card debt starts at about 1000 billion dollars in 2000, rises to about 1200 billion dollars by 2008, drops to about 900 billion during 2010-2015, then increases to about 1200 billion dollars by 2025:Q4.
Note: The data are converted to constant 2025 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.
Figure 2.16. The average maturity of loans at origination for used cars remained elevated
Months
| Date | Prime | Near prime | 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 |
| 2024-12-01 | 66.5971975490004 | 68.9157727966391 | 68.6110363587274 |
| 2025-01-01 | 66.5717696820287 | 68.9844308775121 | 68.7027448867089 |
| 2025-02-01 | 66.625210548557 | 68.9026304908707 | 68.5898582266885 |
| 2025-03-01 | 66.5217823485258 | 68.5818126812465 | 68.1327390863959 |
| 2025-04-01 | 66.3897767885289 | 68.7304679045889 | 68.3831579235123 |
| 2025-05-01 | 66.5522917622877 | 68.8298400248356 | 68.4796137518954 |
| 2025-06-01 | 66.6588289659293 | 68.9241270193276 | 68.7083503964034 |
| 2025-07-01 | 66.6874594054464 | 68.9607143514104 | 68.720497052784 |
| 2025-08-01 | 66.536465545552 | 68.8636506903093 | 68.6991711970042 |
| 2025-09-01 | 66.6391588726069 | 68.977992828531 | 68.7760018661002 |
| 2025-10-01 | 66.7703409300091 | 69.1242794428744 | 68.8099686042522 |
| 2025-11-01 | 66.7676999861135 | 69.2482783786933 | 69.0727979004975 |
| 2025-12-01 | 66.7462993863347 | 69.2639101312511 | 69.1361413000618 |
| 2026-01-01 | 66.7883501152347 | 69.3006108407948 | 69.1638833279365 |
Note: Loans are for used auto vehicles only. Subprime are borrowers with a VantageScore less than 601; near prime are from 601 to 660; prime are greater than 660. The data are seasonally adjusted by Federal Reserve Board staff.
Source: Experian Velocity.
Figure 2.17. Auto loan delinquencies stayed well above the historical median
This is a line chart showing quarterly auto loan delinquency rates from 2000 through 2025. The y-axis shows percent ranging from 1 to 5 percent. A single black line represents the delinquency rate, and a horizontal red line marks the median of 3.14 percent. The delinquency rate fluctuates between approximately 2.5 percent and 4.5 percent over the period. It begins around 3 percent in 2000 and increases sharply to a peak of about 4.5 percent during the 2008-2009 period. It then declines to about 2.5 percent by 2013, remains relatively stable until 2020 when it drops to a low of just above 2 percent, and then increases to about 4 percent by 2025: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 by Federal Reserve Board staff.
Source: Federal Reserve Bank of New York Consumer Credit Panel/Equifax.
Figure 2.18. Credit card balances across borrowers were up slightly
This is a line chart showing quarterly credit card balances by borrower credit quality from 1999 through 2025. The y-axis shows billions of dollars (real) ranging from 0 to 700. Three lines represent different borrower categories: Prime (thin black line), Near prime (blue line), and Subprime (thick burgundy line). Prime borrowers show the highest balances through most of the series, starting around 250 billion dollars in 1999, rising to peaks of about 550 billion dollars around 2008, dropping to about 450 billion dollars during 2010-2015, then rising to about 650 billion dollars by 2025:Q4. Near prime borrowers' balances start at about 450 billion dollars in 1999, declining to about 300 billion dollars by 2015, then stabilizing between 300-400 billion dollars with a final value slightly above 350 billion dollars in 2025:Q4. Subprime borrowers show the lowest balances, starting at about 250 billion dollars in 1999, declining to about 150 billion dollars by 2015, and then rising to just below 300 billion dollars by 2025: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 2025 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.
Figure 2.19. Credit card delinquencies leveled off at their long-term median
This is a line chart showing quarterly credit card delinquency rates from 2000 through 2025. The y-axis shows percent ranging from 0 to 8 percent. A single black line represents the delinquency rate, and a horizontal red line marks the median of 3.95 percent. The line starts at about 4 percent in 2000, rises to peak at about 7 percent in 2009, then generally decreases to around 3 percent between 2013 and 2019. The line dips to its lowest point of about 2 percent in 2021, then increases to about 4 percent by 2025: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 by Federal Reserve Board staff.
Source: Federal Reserve Bank of New York Consumer Credit Panel/Equifax.
Figure 3.1. Banks’ risk-based capital ratios remained near historically high levels
Percent of risk-weighted assets
| Date | G-SIBs | Large non-G-SIBs | Other BHCs |
|---|---|---|---|
| 2001 Q1 | 7.26166249195656 | 6.95374104489246 | 8.09217802510501 |
| 2001 Q2 | 7.401592600804 | 6.88018256553326 | 8.32615923270002 |
| 2001 Q3 | 7.03184677307481 | 6.66695119584078 | 8.76805657635792 |
| 2001 Q4 | 7.23989220127541 | 6.60997752215123 | 8.9787344496565 |
| 2002 Q1 | 7.46364136371308 | 6.89662814674918 | 8.93339984739478 |
| 2002 Q2 | 7.47928986112438 | 7.08347138558098 | 9.15470137402442 |
| 2002 Q3 | 7.54792087763189 | 7.04446388061571 | 9.1938856704903 |
| 2002 Q4 | 7.25405208782343 | 6.99518868665593 | 9.02905753085496 |
| 2003 Q1 | 7.24934006216591 | 7.12113745575665 | 9.22112794063843 |
| 2003 Q2 | 7.32204784931419 | 7.01781256493342 | 8.93282153577972 |
| 2003 Q3 | 7.57154148382411 | 7.11048053535903 | 9.15961672536116 |
| 2003 Q4 | 7.4116977144448 | 7.23988264286982 | 9.41453251413952 |
| 2004 Q1 | 7.35093750163776 | 7.35335937909461 | 9.48899004463035 |
| 2004 Q2 | 7.08458121282233 | 7.2853092334618 | 9.39143759954566 |
| 2004 Q3 | 7.22464389851806 | 7.09580370805579 | 9.5307603424004 |
| 2004 Q4 | 7.38723077263644 | 7.33011517410245 | 9.27082605911517 |
| 2005 Q1 | 7.32917941814877 | 7.11406588194284 | 9.20054722392699 |
| 2005 Q2 | 7.22660487679914 | 7.22517767988713 | 9.31655707154122 |
| 2005 Q3 | 7.29780317557567 | 7.11938969435845 | 9.25793501813907 |
| 2005 Q4 | 7.31446320120849 | 7.14217071039277 | 8.6357042546738 |
| 2006 Q1 | 7.33561707630944 | 7.12448703617765 | 7.94720707193681 |
| 2006 Q2 | 7.28635876215091 | 7.15388205234708 | 7.86563841180376 |
| 2006 Q3 | 7.38541886850444 | 7.31122560477555 | 7.98754430857811 |
| 2006 Q4 | 7.39623359475727 | 7.31914298158362 | 7.85733774217427 |
| 2007 Q1 | 7.21594527419747 | 7.00941425777822 | 7.82049984340886 |
| 2007 Q2 | 6.93150107506769 | 6.82772282886753 | 7.81055947227128 |
| 2007 Q3 | 6.62403951845439 | 6.9565997824664 | 7.82541737401567 |
| 2007 Q4 | 5.78809082273889 | 6.28244920989629 | 7.87735687746182 |
| 2008 Q1 | 5.49192539560951 | 6.11454567610081 | 7.79685143038843 |
| 2008 Q2 | 5.56591813753931 | 6.03900588154261 | 7.75291813294171 |
| 2008 Q3 | 5.27337907392772 | 6.55671138582564 | 7.78754833917225 |
| 2008 Q4 | 4.82171790503559 | 5.73357056990485 | 7.43985720936436 |
| 2009 Q1 | 4.98786929863646 | 6.39572369328608 | 6.78852531328155 |
| 2009 Q2 | 6.39866328285773 | 7.0765280114946 | 6.74108129705694 |
| 2009 Q3 | 7.86941766687847 | 7.43711393228452 | 7.08264980372375 |
| 2009 Q4 | 8.28479352751373 | 7.49962228348039 | 8.53613677266802 |
| 2010 Q1 | 8.66185786564987 | 7.93473257066287 | 9.0898787421024 |
| 2010 Q2 | 9.1623044251506 | 8.42624126505417 | 10.4565728679069 |
| 2010 Q3 | 9.52798605076388 | 8.74159717819647 | 10.8890627111476 |
| 2010 Q4 | 9.82729535869149 | 9.29468531490179 | 11.2479831256453 |
| 2011 Q1 | 9.98094180714629 | 9.76353639977661 | 11.5408276767127 |
| 2011 Q2 | 10.1965801870064 | 9.97981616602829 | 11.6767787520616 |
| 2011 Q3 | 10.2120602565073 | 9.87509343929378 | 12.077355019704 |
| 2011 Q4 | 10.5884257626517 | 9.94818259015377 | 12.1916602199249 |
| 2012 Q1 | 11.0201639777141 | 10.2632751833946 | 12.213376449692 |
| 2012 Q2 | 11.2102392318496 | 10.1752532947178 | 12.1808856101427 |
| 2012 Q3 | 11.4360267985445 | 10.2885829617466 | 12.2017391637847 |
| 2012 Q4 | 11.6650871394338 | 10.308791745753 | 11.7643483359408 |
| 2013 Q1 | 10.9078692098811 | 10.6472643466382 | 11.8162838534083 |
| 2013 Q2 | 11.1851563719904 | 10.8319740469159 | 11.9753721278963 |
| 2013 Q3 | 11.4394129289127 | 10.9329153567389 | 12.1928995224158 |
| 2013 Q4 | 11.5982120722012 | 10.9763347394695 | 12.1456309420199 |
| 2014 Q1 | 12.456414525109 | 11.2432066714483 | 12.3732431745616 |
| 2014 Q2 | 11.5814228308514 | 11.2125779406113 | 12.5046887076017 |
| 2014 Q3 | 11.6989999799206 | 11.2781024773834 | 11.8785443646849 |
| 2014 Q4 | 11.7062351319935 | 11.2410408066543 | 11.7180648409591 |
| 2015 Q1 | 11.4621445047462 | 11.2883014397513 | 12.1909843728069 |
| 2015 Q2 | 11.8261648837789 | 11.197864926682 | 12.5487979181251 |
| 2015 Q3 | 12.101788751016 | 11.4952145186518 | 12.3481367100609 |
| 2015 Q4 | 12.007935327401 | 11.4748361513106 | 12.4815676463794 |
| 2016 Q1 | 11.890543823915 | 11.5194506877696 | 12.4129196614965 |
| 2016 Q2 | 12.0740319837407 | 11.6336767210887 | 12.0984226466542 |
| 2016 Q3 | 12.2070822204446 | 11.6328800579624 | 12.1943807043822 |
| 2016 Q4 | 12.4012105735539 | 11.6170020652441 | 12.2744384411812 |
| 2017 Q1 | 12.3961266635022 | 11.8676344052525 | 12.5247372169743 |
| 2017 Q2 | 12.6186252511375 | 11.8398682564715 | 12.4648823323507 |
| 2017 Q3 | 12.6825002648151 | 11.8834532043997 | 12.2269422813234 |
| 2017 Q4 | 12.3430450238585 | 11.6557507550339 | 12.1283018115135 |
| 2018 Q1 | 11.8740104609275 | 11.5121460832205 | 12.1916145558747 |
| 2018 Q2 | 12.0299085531283 | 11.6080759508719 | 12.2329188675374 |
| 2018 Q3 | 12.0951859817205 | 11.5810526447246 | 12.2128838991826 |
| 2018 Q4 | 12.1662913641398 | 11.4209890534996 | 12.1805543044591 |
| 2019 Q1 | 12.2351311079426 | 11.5740541644325 | 12.2225095383657 |
| 2019 Q2 | 12.3149229627307 | 11.6375153517404 | 12.1170858023721 |
| 2019 Q3 | 12.1232510625864 | 11.5886224135969 | 12.1355792701823 |
| 2019 Q4 | 12.0568639800431 | 11.4211680649611 | 12.2062976810049 |
| 2020 Q1 | 11.3971354777583 | 11.2149957317574 | 11.845563579356 |
| 2020 Q2 | 11.9405720187091 | 11.6766266510334 | 11.9850329401316 |
| 2020 Q3 | 12.4626054663724 | 12.0803259424011 | 12.227990021185 |
| 2020 Q4 | 12.5639594847026 | 12.3689079944564 | 12.2542601929393 |
| 2021 Q1 | 12.5060383289907 | 12.7575608030073 | 12.527733983672 |
| 2021 Q2 | 12.5132477018987 | 12.5799261424187 | 12.7334634926905 |
| 2021 Q3 | 12.3107185470637 | 12.4478466458277 | 12.8403421524468 |
| 2021 Q4 | 12.296965571019 | 11.9852910680269 | 12.6768369156993 |
| 2022 Q1 | 11.5493969261134 | 11.7647845203191 | 12.5224238942152 |
| 2022 Q2 | 11.7295425008794 | 11.4899667266441 | 12.2227624637123 |
| 2022 Q3 | 11.8814825384765 | 11.3815451933658 | 12.1767274857884 |
| 2022 Q4 | 12.2946748778461 | 11.1147370571447 | 12.1427117724755 |
| 2023 Q1 | 12.4981797602945 | 10.9652792925599 | 12.221884117279 |
| 2023 Q2 | 12.5939524953032 | 11.3231414598913 | 12.2785318400923 |
| 2023 Q3 | 12.8832655752855 | 11.586218390677 | 12.5508954118543 |
| 2023 Q4 | 12.9752850456503 | 11.6515358848264 | 12.6806390600383 |
| 2024 Q1 | 12.9377423499388 | 11.8058192090507 | 12.9496283054947 |
| 2024 Q2 | 13.0848837848703 | 12.1520118217295 | 12.9891928275488 |
| 2024 Q3 | 13.1045955810765 | 12.3746753138742 | 13.1449355194469 |
| 2024 Q4 | 13.1893963373719 | 12.5580401747751 | 13.3502825375038 |
| 2025 Q1 | 13.0593205911917 | 12.6226825056237 | 13.2076096968966 |
| 2025 Q2 | 12.8784729286171 | 12.5762298882327 | 13.1522302771915 |
| 2025 Q3 | 12.8129985795021 | 12.5949353197862 | 13.3537944675366 |
| 2025 Q4 | 12.5739516330316 | 12.4881707433265 | 13.3134113473257 |
Note: The data are seasonally adjusted by Federal Reserve Board staff. 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 (CET1) ratio is Tier 1 common capital. Afterward, the numerator is CET1 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.
Source: Federal Reserve Board, Form FR Y-9C, Consolidated Financial Statements for Holding Companies.
Figure 3.2. Return on equity for banks stayed consistent with norms from the past 10 years
Percent
| Date | G-SIBs | Large non-G-SIBs | Regional |
|---|---|---|---|
| 2016 Q1 | 7.10471221135421 | 7.91748358049371 | 7.42678579461725 |
| 2016 Q2 | 8.45408302863988 | 8.86186960372495 | 7.91942625226569 |
| 2016 Q3 | 9.21718687715484 | 8.07391364126517 | 8.45551072973716 |
| 2016 Q4 | 8.81179035264667 | 7.78816945763888 | 5.76050281288727 |
| 2017 Q1 | 8.97881144612933 | 8.35938400233571 | 8.61306443253763 |
| 2017 Q2 | 9.1130935109326 | 8.83642415689971 | 8.91156739934061 |
| 2017 Q3 | 8.94101258819008 | 9.39828806386737 | 8.83507902709907 |
| 2017 Q4 | -1.92772602990251 | 4.50021026933402 | 5.57168241925291 |
| 2018 Q1 | 11.3303520015335 | 9.8582726140702 | 10.2444666089823 |
| 2018 Q2 | 10.9325221824483 | 11.569754662186 | 10.8630303688445 |
| 2018 Q3 | 11.3852802248866 | 11.743343457306 | 11.4663588430111 |
| 2018 Q4 | 10.4725144596651 | 11.195725409687 | 10.7030824160428 |
| 2019 Q1 | 11.464084939358 | 10.7183324389848 | 10.6376570900234 |
| 2019 Q2 | 11.6966377847085 | 11.1191304354466 | 10.6029624484158 |
| 2019 Q3 | 10.3344750742819 | 9.5105359605498 | 10.5932364699743 |
| 2019 Q4 | 10.3214665249734 | 9.47097673967972 | 9.89873069141752 |
| 2020 Q1 | 5.0974041288659 | 0.645988401030876 | -2.09569787052141 |
| 2020 Q2 | 4.22525751479145 | 3.85919000280684 | 5.58214766095781 |
| 2020 Q3 | 9.28598615383033 | 9.80939104305079 | 10.7587454218286 |
| 2020 Q4 | 11.3021326827602 | 11.7283458082384 | 10.8864224511583 |
| 2021 Q1 | 15.5736837051027 | 14.4647459187376 | 13.0552376069225 |
| 2021 Q2 | 14.264149355976 | 13.7840767585888 | 12.7902326968807 |
| 2021 Q3 | 12.9143690566667 | 12.6581728912441 | 11.8276699988114 |
| 2021 Q4 | 11.4642991121671 | 11.2032489059954 | 10.5725883000717 |
| 2022 Q1 | 10.6308488095081 | 11.2126245816515 | 9.69357074954244 |
| 2022 Q2 | 9.72065433796515 | 10.5079433996136 | 11.5584824349044 |
| 2022 Q3 | 10.0514213322583 | 12.4016715995667 | 13.7682923777057 |
| 2022 Q4 | 9.22184765445229 | 11.5074263633624 | 11.5074926792664 |
| 2023 Q1 | 12.1353644365917 | 10.0677049759087 | 9.12227481098748 |
| 2023 Q2 | 11.0394936377107 | 11.4114026454911 | 10.8038309768667 |
| 2023 Q3 | 11.3478735278994 | 9.96083461179193 | 10.0163264879878 |
| 2023 Q4 | 8.16805408512441 | 3.1923857151778 | 5.5417116729821 |
| 2024 Q1 | 11.3860986433293 | 9.56744224578843 | 10.470852971809 |
| 2024 Q2 | 12.620089243636 | 10.7372206934653 | 8.70657169190368 |
| 2024 Q3 | 10.919394317907 | 9.59234057391896 | 8.52658446442644 |
| 2024 Q4 | 11.6162296603203 | 9.61226029830129 | 9.93658100701332 |
| 2025 Q1 | 12.4983785863062 | 13.3677449300076 | 8.75553649515017 |
| 2025 Q2 | 12.1069733821719 | 7.65599079669525 | 9.76530552836988 |
| 2025 Q3 | 12.6693569310465 | 12.2420298985339 | 9.91703686186228 |
| 2025 Q4 | 11.582573502319 | 11.056090731773 | 10.9368001471541 |
Note: Return on equity is equal to net income divided by average equity. The net income of banks that acquired failed banks was adjusted for the one-off gains from the acquisitions. Calculations for 2023:Q4 exclude Federal Deposit Insurance Corporation special assessment costs. G-SIBs are global systemically important banks. Large non–G-SIBs are bank holding companies and intermediate holding companies with greater than $100 billion in total assets that are not G-SIBs. The shaded bar with top cap indicates a period of business recession as defined by the National Bureau of Economic Research: February 2020–April 2020.
Source: Federal Financial Institutions Examination Council, Consolidated Reports of Condition and Income (Call Report) Form FFIEC 031; Federal Reserve Board, Form FR Y-9C, Consolidated Financial Statements for Holding Companies.
Figure 3.3. Banks’ securities portfolios experienced declining fair value losses
This is a stacked bar chart showing quarterly data from 2017 through 2025, with the y-axis measuring billions of dollars ranging from -800 to 200. The chart displays two variables: Available-for-sale securities (blue bars) and Held-to-maturity securities (beige bars). From 2017 through 2019, the values hover near zero with small positive and negative fluctuations. Beginning in 2020, the chart shows small positive values. Starting in early 2022, significant negative values appear, with losses deepening in late 2022, where combined losses reach approximately -700 billion dollars. Held-to-maturity securities represented about -400 billion, while Available-for-sale securities made up the remaining -300 billion. From 2022 to 2025, the negative values gradually diminish but remain sizeable, with the final reading in 2025:Q4 showing combined losses of about -300 billion dollars. Held-to-maturity securities were again the larger portion, representing roughly -200 billion, while Available-for-sale securities made up the remaining -100 billion.
Note: The figure plots the difference between the fair and amortized cost values of the securities. The sample consists of all bank holding companies and commercial banks.
Source: Federal Financial Institutions Examination Council, Consolidated Reports of Condition and Income (Call Report) Form FFIEC 031; Federal Reserve Board, Form FR Y-9C, Consolidated Financial Statements for Holding Companies.
Figure 3.4. The ratio of tangible common equity to tangible assets rose
Percent of tangible assets
| Date | G-SIBs | Large non-G-SIBs | Other BHCs |
|---|---|---|---|
| 1985 Q1 | 4.7237088709188 | 4.85356459815094 | 6.34462363916626 |
| 1985 Q2 | 4.59125345770151 | 4.63487729060401 | 6.34922110447648 |
| 1985 Q3 | 4.79523451561782 | 4.54620817720596 | 6.36079796507569 |
| 1985 Q4 | 4.95967608741877 | 4.49022283599042 | 6.36850410315499 |
| 1986 Q1 | 4.93146188226754 | 4.52353680905428 | 6.41349131893112 |
| 1986 Q2 | 5.07004072298375 | 4.38760472393257 | 6.36769978381844 |
| 1986 Q3 | 5.27967283408765 | 4.56389327029598 | 6.38214641813013 |
| 1986 Q4 | 4.99029187639708 | 5.20979454423269 | 6.19196112194175 |
| 1987 Q1 | 5.05441602182307 | 6.09113626922849 | 6.28397505769677 |
| 1987 Q2 | 4.48201560368126 | 4.6476211196171 | 5.92726112043843 |
| 1987 Q3 | 4.30531450516138 | 4.84928262897134 | 6.01371675971432 |
| 1987 Q4 | 4.49699357783084 | 4.92219401832028 | 6.01823587801567 |
| 1988 Q1 | 4.54001116017465 | 5.13030960337157 | 5.95384985152936 |
| 1988 Q2 | 4.75340541154763 | 5.10607130712286 | 6.02033206913002 |
| 1988 Q3 | 4.4821089551021 | 5.10490783979604 | 6.12275542598435 |
| 1988 Q4 | 5.09656228088211 | 5.4233790440687 | 6.24311334088772 |
| 1989 Q1 | 5.08673220561322 | 5.32766057257529 | 6.29073346237993 |
| 1989 Q2 | 5.23945230260606 | 5.34174745841489 | 6.31632241824928 |
| 1989 Q3 | 4.95927441855786 | 5.17161980582769 | 6.2042472311819 |
| 1989 Q4 | 4.84010345687516 | 4.70075444207095 | 6.21362499275195 |
| 1990 Q1 | 4.93437274031224 | 4.65452408225931 | 6.26835943476334 |
| 1990 Q2 | 4.96534860846624 | 4.80802026994104 | 6.26398270879512 |
| 1990 Q3 | 4.82584433686173 | 4.87344967488032 | 6.24910486864324 |
| 1990 Q4 | 4.90428514134216 | 5.21465782769067 | 6.30790456416252 |
| 1991 Q1 | 5.06667765113433 | 5.27185599703929 | 6.40953240970362 |
| 1991 Q2 | 4.85324956274166 | 5.26829451399185 | 6.47551183583034 |
| 1991 Q3 | 4.81141178199701 | 4.81735287016918 | 6.50888027472227 |
| 1991 Q4 | 5.01136917248809 | 4.87615956328495 | 6.68016127303707 |
| 1992 Q1 | 5.47309079030955 | 4.77193195995496 | 6.77602464679628 |
| 1992 Q2 | 5.60634551117032 | 4.78766952621649 | 7.11691981544468 |
| 1992 Q3 | 5.68863165211333 | 5.03767882851918 | 7.23226245202101 |
| 1992 Q4 | 5.79370335704894 | 5.88616221274403 | 7.39953155373962 |
| 1993 Q1 | 6.00090930612608 | 6.13830378340153 | 7.56152073999456 |
| 1993 Q2 | 6.16893919764784 | 6.07781687933323 | 7.72076136153395 |
| 1993 Q3 | 6.3330020582721 | 6.21131442537914 | 7.73513568927391 |
| 1993 Q4 | 6.45876883455897 | 6.54754075981692 | 7.86609622518215 |
| 1994 Q1 | 5.95721574173736 | 5.74091577991539 | 7.78069816095837 |
| 1994 Q2 | 6.05870973027227 | 5.82678191073681 | 7.70033098835443 |
| 1994 Q3 | 5.85485701124102 | 6.10681640419658 | 7.72652789090995 |
| 1994 Q4 | 5.49608753971058 | 6.29087505686156 | 7.6305422218756 |
| 1995 Q1 | 5.30748211905843 | 5.87608238296238 | 7.73410712276087 |
| 1995 Q2 | 5.52538727362049 | 6.2276759968217 | 7.80788475409467 |
| 1995 Q3 | 5.57403951758764 | 6.25718493363703 | 7.86783055729939 |
| 1995 Q4 | 5.654076616403 | 6.31448352397093 | 7.95541293024524 |
| 1996 Q1 | 5.92437356439526 | 6.30998522197982 | 7.94336136921467 |
| 1996 Q2 | 5.7787559270633 | 6.26928685513284 | 7.81381475288988 |
| 1996 Q3 | 5.97686384003032 | 6.18268743530105 | 7.7584737986995 |
| 1996 Q4 | 5.77551540290233 | 6.12091214513455 | 7.78971983300181 |
| 1997 Q1 | 5.40807590724954 | 6.03904704100707 | 7.80872511415197 |
| 1997 Q2 | 5.32094108278849 | 5.89211085667613 | 7.72351925294541 |
| 1997 Q3 | 5.40306157004381 | 5.81657378668225 | 7.76332186343051 |
| 1997 Q4 | 5.32783199792995 | 5.80034422094241 | 7.83974234165978 |
| 1998 Q1 | 5.414585831434 | 5.62375485441717 | 7.82502182374696 |
| 1998 Q2 | 5.772072433707 | 5.629634790111 | 7.86198721873277 |
| 1998 Q3 | 5.93929326706571 | 5.5029053716923 | 7.82446802499618 |
| 1998 Q4 | 5.68564645120293 | 5.51154270673543 | 7.7937303958867 |
| 1999 Q1 | 5.77052812667777 | 5.67466924670892 | 7.70449091204307 |
| 1999 Q2 | 5.70790929095797 | 5.5847674783547 | 7.61132450736667 |
| 1999 Q3 | 5.77067681364251 | 5.54299963215503 | 7.52290688976367 |
| 1999 Q4 | 5.62390841378944 | 5.33253270666682 | 7.39342924630596 |
| 2000 Q1 | 5.67913101697044 | 5.23986163350551 | 7.29834549945428 |
| 2000 Q2 | 5.42713665351368 | 5.10771775738573 | 7.36861470885432 |
| 2000 Q3 | 5.52325537138311 | 5.4058902268505 | 7.49175725313041 |
| 2000 Q4 | 5.53887301599062 | 5.87843486575849 | 7.74230670977892 |
| 2001 Q1 | 4.88606502141708 | 5.70420503946666 | 7.54803231704495 |
| 2001 Q2 | 4.82321492352177 | 5.09857700157903 | 7.71122979242488 |
| 2001 Q3 | 4.46318349150256 | 5.02428879195926 | 7.90681942695226 |
| 2001 Q4 | 4.62513244786752 | 4.78132104503 | 7.79002911189558 |
| 2002 Q1 | 4.55824754501541 | 4.90613702593394 | 7.79138470572411 |
| 2002 Q2 | 4.67825847202571 | 5.08919875822492 | 7.93575673167136 |
| 2002 Q3 | 4.84366476483573 | 5.33635441580815 | 7.96147376333648 |
| 2002 Q4 | 4.79803714164231 | 5.41476639716279 | 7.99720281804755 |
| 2003 Q1 | 4.72398322621056 | 5.40882348480732 | 7.92005866164161 |
| 2003 Q2 | 4.77270374460117 | 5.32563068451466 | 7.75744139165696 |
| 2003 Q3 | 4.71501303165754 | 5.25642160494888 | 7.72152652499862 |
| 2003 Q4 | 4.53825717358464 | 5.27541673527332 | 7.77546474953849 |
| 2004 Q1 | 4.50529041304721 | 5.35914860500104 | 7.95795384549259 |
| 2004 Q2 | 4.03764036048786 | 4.75019587691012 | 7.5770035909745 |
| 2004 Q3 | 4.30482244014643 | 4.42903803329308 | 7.97553166974104 |
| 2004 Q4 | 4.41532320152134 | 4.23409230990107 | 8.18257602055319 |
| 2005 Q1 | 4.21817029153203 | 3.86778883199594 | 7.955288549235 |
| 2005 Q2 | 4.33169902692178 | 4.35190685404607 | 8.1291341435095 |
| 2005 Q3 | 4.29552238784801 | 3.99745610782647 | 8.07202150898076 |
| 2005 Q4 | 4.22919132410551 | 4.13105373303937 | 7.97163455175502 |
| 2006 Q1 | 4.03655438363319 | 3.74809905746012 | 7.83437304534522 |
| 2006 Q2 | 3.88060024868593 | 3.68248620240664 | 7.80843655199025 |
| 2006 Q3 | 4.06897402742052 | 3.89681098418779 | 8.04786664489305 |
| 2006 Q4 | 4.01169620829711 | 4.29165240079981 | 8.04403602472867 |
| 2007 Q1 | 3.80455376694069 | 4.20752197006904 | 7.9658624036501 |
| 2007 Q2 | 3.51144348458793 | 4.13516392672993 | 7.90030575074815 |
| 2007 Q3 | 3.38824027580952 | 4.22821486977363 | 7.9201151327463 |
| 2007 Q4 | 3.13549709320522 | 3.96069612506007 | 7.94313358259091 |
| 2008 Q1 | 2.91411268982261 | 3.6757284917324 | 7.9197049046341 |
| 2008 Q2 | 2.8592787678037 | 3.70473663561832 | 7.78176201025935 |
| 2008 Q3 | 2.24332602842351 | 3.49648874384641 | 7.60771228630356 |
| 2008 Q4 | 2.27310315928882 | 3.64065359524167 | 7.52767313014991 |
| 2009 Q1 | 2.67933520981887 | 4.01481192915341 | 7.51885562526456 |
| 2009 Q2 | 3.36188539437184 | 4.62884990355618 | 7.59091224928063 |
| 2009 Q3 | 4.30843170047897 | 4.80684165900717 | 7.89848042462157 |
| 2009 Q4 | 4.69336593690793 | 4.78017658119808 | 8.0612320947644 |
| 2010 Q1 | 4.7639103444209 | 4.79979428442565 | 8.29718971841689 |
| 2010 Q2 | 5.21045490067188 | 5.39744794575463 | 8.62507265991366 |
| 2010 Q3 | 5.46843083972949 | 5.63320853238453 | 8.81449529273971 |
| 2010 Q4 | 5.59684825937364 | 6.40684078977532 | 8.76899291671562 |
| 2011 Q1 | 5.69597338582748 | 6.65662051736126 | 8.91541038378433 |
| 2011 Q2 | 5.84811398071342 | 6.93273953195532 | 9.16410313487055 |
| 2011 Q3 | 6.05388503905373 | 7.23154201008738 | 9.29056340783308 |
| 2011 Q4 | 6.28922545175536 | 7.19133569790062 | 9.44254713343749 |
| 2012 Q1 | 6.35208307079801 | 7.29941392337569 | 9.46528390550001 |
| 2012 Q2 | 6.57100876096896 | 7.41626213083261 | 9.65134160251347 |
| 2012 Q3 | 6.71459239860791 | 7.57191211033028 | 9.69753034440125 |
| 2012 Q4 | 6.70852374349484 | 7.55931027232255 | 9.57764805230043 |
| 2013 Q1 | 6.78531698956402 | 7.82698460552213 | 9.6967878700413 |
| 2013 Q2 | 6.77324143681927 | 7.78545897164622 | 9.57723355573064 |
| 2013 Q3 | 6.80179682275397 | 7.91253678830174 | 9.59136880344814 |
| 2013 Q4 | 6.92711934007666 | 8.01943043040757 | 9.70823626455495 |
| 2014 Q1 | 6.98870974686852 | 8.15069939469183 | 9.71442084797698 |
| 2014 Q2 | 7.08530749919026 | 8.31072836796416 | 9.88618793367323 |
| 2014 Q3 | 7.18419700408077 | 8.33369389531421 | 9.68339568525868 |
| 2014 Q4 | 7.2120544016271 | 8.28820456866128 | 9.71808978303983 |
| 2015 Q1 | 7.29572249496211 | 8.42378973767747 | 9.70736606370751 |
| 2015 Q2 | 7.45608697217242 | 8.33178074867189 | 9.73409085842272 |
| 2015 Q3 | 7.63917574930302 | 8.55437915169276 | 9.73136725254927 |
| 2015 Q4 | 7.7727819949132 | 8.38162059958729 | 9.75467434627292 |
| 2016 Q1 | 7.74309580695799 | 8.48853677318935 | 9.76861493089749 |
| 2016 Q2 | 7.76489425051964 | 8.55478643339289 | 9.80890465397048 |
| 2016 Q3 | 7.77272553923029 | 8.34657077792927 | 9.76418969658909 |
| 2016 Q4 | 7.71780747261041 | 8.2230555351772 | 9.59524601556166 |
| 2017 Q1 | 7.64431962433969 | 8.2808009426581 | 9.68777861758455 |
| 2017 Q2 | 7.7169206519714 | 8.26112738467232 | 9.79947429179478 |
| 2017 Q3 | 7.68603656324499 | 8.39021184694146 | 9.7693202687495 |
| 2017 Q4 | 7.36272223162835 | 8.24158405568752 | 9.70689708975187 |
| 2018 Q1 | 7.17475347761294 | 8.19198399651527 | 9.58396806418958 |
| 2018 Q2 | 7.29377177392645 | 8.274877673441 | 9.63553222611077 |
| 2018 Q3 | 7.19967062894261 | 8.25712162813239 | 9.64505844169808 |
| 2018 Q4 | 7.22233261862194 | 8.2835994704377 | 9.79748739949512 |
| 2019 Q1 | 7.20822327126357 | 8.4378038716314 | 9.98368005355806 |
| 2019 Q2 | 7.21289142527361 | 8.6277090899251 | 10.1228542454554 |
| 2019 Q3 | 7.04144574252191 | 8.63417532030175 | 10.0598756539286 |
| 2019 Q4 | 7.00196194538865 | 8.45966605569489 | 10.123063294594 |
| 2020 Q1 | 6.31113217781476 | 7.87080503343904 | 9.70063743455232 |
| 2020 Q2 | 6.24589317866425 | 7.90828274752286 | 9.16313104674183 |
| 2020 Q3 | 6.43160724786446 | 8.12256619044583 | 9.20750741867947 |
| 2020 Q4 | 6.37096620745956 | 8.18117854835424 | 9.34825037827621 |
| 2021 Q1 | 6.07564066257491 | 7.94843141198312 | 8.98821876734619 |
| 2021 Q2 | 6.15804651088797 | 7.9722611260037 | 9.16855325862541 |
| 2021 Q3 | 6.02088844643775 | 7.84187908703725 | 9.17375442810801 |
| 2021 Q4 | 6.04408015409337 | 7.52077963390508 | 9.08458073115759 |
| 2022 Q1 | 5.62199716508929 | 6.86218596332381 | 8.32021788857843 |
| 2022 Q2 | 5.76385837997458 | 6.49158516876716 | 7.99249445596722 |
| 2022 Q3 | 5.83206151947804 | 5.99471878773856 | 7.59292438607482 |
| 2022 Q4 | 6.05620689941618 | 5.91885077874207 | 7.8544338043534 |
| 2023 Q1 | 6.06433581894906 | 6.0588246181226 | 7.9812250885206 |
| 2023 Q2 | 6.12169493495145 | 6.10824367631513 | 8.02991980117403 |
| 2023 Q3 | 6.19175491801793 | 6.09159960900203 | 7.91729591850285 |
| 2023 Q4 | 6.25054338919766 | 6.52372182500453 | 8.53587234041337 |
| 2024 Q1 | 6.0893214587128 | 6.48011743430936 | 8.53065857934683 |
| 2024 Q2 | 6.21066830704279 | 6.87349468549257 | 8.66179416685327 |
| 2024 Q3 | 6.2663293807258 | 7.27886218779168 | 9.01067492612613 |
| 2024 Q4 | 6.41528153500577 | 7.23793109287638 | 8.98755345515867 |
| 2025 Q1 | 6.17392524440058 | 7.47287645478336 | 9.06715816140127 |
| 2025 Q2 | 6.06636991598508 | 7.52964759472052 | 9.22843664879555 |
| 2025 Q3 | 6.08136740541737 | 7.66819332271913 | 9.4000185871853 |
| 2025 Q4 | 6.0837839415803 | 7.80873900681602 | 9.58772177890175 |
Note: The data are seasonally adjusted by Federal Reserve Board staff. 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.
Source: For data through 1996, Federal Financial Institutions Examination Council, Consolidated Reports of Condition and Income (Call Report) Form FFIEC 031. For data from 1997 onward, Federal Reserve Board, Form FR Y-9C, Consolidated Financial Statements for Holding Companies; Federal Financial Institutions Examination Council, Consolidated Reports of Condition and Income (Call Report) Form FFIEC 031.
Figure 3.5. A growing share of banks eased their lending standards
This is a line chart showing quarterly data on bank lending standards from 1997 to 2025. The y-axis has labels specifying tightening (positive values, upper half) or easing (negative values, lower half) of lending standards, ranging from -100 to 100 percent. One variable is plotted as a black line representing the net percentage of banks reporting tightening or easing lending standards. The chart reveals cyclical patterns with sharp spikes upward in 2001, 2008-2009, and 2020. During the 2008-2009 spike, tightening reached approximately 80 percent. After the 2020 peak at approximately 70 percent, standards gradually eased, moving into negative territory by late 2021. The line rebounded to about 40 percent tightening in 2023 before declining again. As of 2025:Q4, the line shows a value slightly below 0 percent.
Note: Banks’ responses are weighted by each bank’s outstanding loans in the respective loan category. 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.
Figure 3.6. Bank loan delinquency rates remained at low levels by historical standards
Percent of loans
| Date | Total | C&I | Multifamily | Nonfarm nonresidential |
|---|---|---|---|---|
| 2007 Q1 | 2.02884505100323 | 1.18165693344846 | 1.18194095186668 | 1.85281053384242 |
| 2007 Q2 | 2.06288116665666 | 1.15929132823226 | 1.10718798155231 | 1.77061002940577 |
| 2007 Q3 | 2.44026273940798 | 1.1960079088732 | 0.872132458706031 | 2.18795082211606 |
| 2007 Q4 | 2.91824380142037 | 1.33212403178023 | 1.09943212323266 | 2.49701811554832 |
| 2008 Q1 | 3.2178882132438 | 1.47386112754514 | 1.58028418890157 | 3.00242687671565 |
| 2008 Q2 | 3.50351583705466 | 1.71448632087383 | 1.68072514047067 | 3.0228225148796 |
| 2008 Q3 | 4.17060542117846 | 1.87832088771534 | 1.64910223091385 | 3.4692847636781 |
| 2008 Q4 | 5.79092102123473 | 2.65461945236794 | 2.41493411047809 | 4.75617582002955 |
| 2009 Q1 | 6.6300759841654 | 3.34811662823056 | 3.40507489957124 | 6.85381932782818 |
| 2009 Q2 | 7.25628287190669 | 3.92711425398916 | 3.99204027131331 | 8.21917149910922 |
| 2009 Q3 | 8.30822593491143 | 4.7340495209307 | 4.62277799642087 | 10.6304496472654 |
| 2009 Q4 | 9.51918073947327 | 4.59377304580825 | 6.14299986167561 | 11.4038888094182 |
| 2010 Q1 | 9.59200374555575 | 4.1214177145331 | 6.32562997335585 | 12.6166769879899 |
| 2010 Q2 | 8.91855574148967 | 3.76427552649133 | 5.86261173468099 | 11.9612917593269 |
| 2010 Q3 | 8.75512266260338 | 3.5576844078539 | 6.12208277493465 | 11.7555408193498 |
| 2010 Q4 | 8.3345459521316 | 3.23501549992892 | 5.05919925200309 | 10.6494603437671 |
| 2011 Q1 | 8.00453347972685 | 2.44955274747887 | 4.77975614932754 | 10.8838164412477 |
| 2011 Q2 | 7.51191647120809 | 2.0073944049625 | 4.00242464873855 | 9.7453430400463 |
| 2011 Q3 | 7.46175435431261 | 1.74143307904741 | 3.3566403632827 | 9.43890416640888 |
| 2011 Q4 | 7.45182129954136 | 1.58050790338339 | 2.91312226147833 | 8.86709877717105 |
| 2012 Q1 | 7.07615257845112 | 1.41207540285365 | 2.67402206170022 | 7.8630074060154 |
| 2012 Q2 | 6.78182214135687 | 1.24972850912802 | 2.13430668729155 | 7.08310451059773 |
| 2012 Q3 | 6.83063568063982 | 1.1343283135203 | 1.96569439562591 | 6.83924856534295 |
| 2012 Q4 | 6.2080127432776 | 1.41521864303205 | 2.04583518056584 | 6.49910663987464 |
| 2013 Q1 | 5.96955304962405 | 1.30978825186075 | 1.68207708523099 | 5.9642954055821 |
| 2013 Q2 | 5.41402929786871 | 1.21968366421218 | 1.36505302446668 | 5.39980096908032 |
| 2013 Q3 | 4.99434033588614 | 1.21428663322772 | 1.14187477890253 | 4.81547942048136 |
| 2013 Q4 | 4.75076572592307 | 1.07612582317756 | 1.01947823770861 | 4.0182712037055 |
| 2014 Q1 | 4.38786469150291 | 1.08148376316185 | 0.880428636452951 | 3.64577250251167 |
| 2014 Q2 | 3.9730434413667 | 0.970231446659763 | 0.637637655217725 | 3.18591880875117 |
| 2014 Q3 | 3.79751500840274 | 0.916968959635775 | 0.565837296224262 | 2.95801878711191 |
| 2014 Q4 | 3.6559291361521 | 0.865362895702883 | 0.486514533843093 | 2.61732147524536 |
| 2015 Q1 | 3.38047489180071 | 0.852915831709123 | 0.467054192814693 | 2.3740034254389 |
| 2015 Q2 | 3.13611209335 | 0.87423715431462 | 0.382093418655687 | 2.02541753306775 |
| 2015 Q3 | 3.05087065734404 | 0.956167144599009 | 0.365093441680788 | 1.82003180670217 |
| 2015 Q4 | 3.07461179137633 | 0.958024379949384 | 0.318717392599228 | 1.67435083428364 |
| 2016 Q1 | 2.94668483397803 | 1.49587856990152 | 0.290034490987895 | 1.63025455250815 |
| 2016 Q2 | 2.79568464581876 | 1.59274941956627 | 0.277158609853794 | 1.43236076633273 |
| 2016 Q3 | 2.73329077528724 | 1.56063284716517 | 0.231340960778487 | 1.41367973036174 |
| 2016 Q4 | 2.76931284849067 | 1.52088229218415 | 0.245861985649593 | 1.37837308742246 |
| 2017 Q1 | 2.56111260253403 | 1.47291563117329 | 0.21857133653183 | 1.30490961580258 |
| 2017 Q2 | 2.37084506719582 | 1.3380792009426 | 0.188792815632676 | 1.26163176148865 |
| 2017 Q3 | 2.39979209419872 | 1.24495640378327 | 0.170113090822455 | 1.30139225483755 |
| 2017 Q4 | 2.46654891444758 | 1.14215191518334 | 0.221779642424362 | 1.28650083638861 |
| 2018 Q1 | 1.99742241889453 | 1.0591090769785 | 0.213022043009837 | 1.33711363337607 |
| 2018 Q2 | 1.85965133985179 | 1.02579548280416 | 0.196603435406326 | 1.19313808651925 |
| 2018 Q3 | 1.84459234672941 | 0.922369419156851 | 0.183370290417934 | 1.13492685613407 |
| 2018 Q4 | 1.82965896485019 | 0.894749575698436 | 0.215332432982932 | 1.11217616492511 |
| 2019 Q1 | 1.78788616945012 | 1.12233335899864 | 0.183081843890154 | 1.12988426470198 |
| 2019 Q2 | 1.67683380584515 | 1.03142782383193 | 0.162934651504467 | 1.01853774756396 |
| 2019 Q3 | 1.69419193156852 | 1.13590311594103 | 0.152160688839235 | 1.06371842359747 |
| 2019 Q4 | 1.69950138973558 | 1.13570690720953 | 0.194272783947021 | 0.954218318513635 |
| 2020 Q1 | 1.67421008126181 | 1.11293596565132 | 0.251545680814383 | 1.27592128138101 |
| 2020 Q2 | 1.73355778246141 | 1.42406146908982 | 0.304881210534138 | 1.64188747648863 |
| 2020 Q3 | 1.86267136587438 | 1.45199969927333 | 0.369049012040726 | 1.8812249702515 |
| 2020 Q4 | 1.90275625853816 | 1.36865242788319 | 0.479771557784091 | 2.20130706319019 |
| 2021 Q1 | 1.71505722944014 | 1.27009168117208 | 0.401052193582872 | 1.99420191834649 |
| 2021 Q2 | 1.53795054143005 | 1.12440639303456 | 0.44641218897722 | 1.77416819421651 |
| 2021 Q3 | 1.50634304164919 | 1.06728996165506 | 0.544336576919001 | 1.65180154482371 |
| 2021 Q4 | 1.53334272404579 | 1.13509520456597 | 0.400003985976541 | 1.49618733262106 |
| 2022 Q1 | 1.44372302291104 | 1.08164653772393 | 0.374797418625572 | 1.5604525601616 |
| 2022 Q2 | 1.37250588497213 | 1.03475450519826 | 0.318095936423029 | 1.35350670056125 |
| 2022 Q3 | 1.37789315912255 | 1.08970922200299 | 0.248715102181444 | 1.20804018705251 |
| 2022 Q4 | 1.44274362139318 | 0.9914272291542 | 0.365143366493039 | 1.39469712818191 |
| 2023 Q1 | 1.43038626334923 | 0.973442667417821 | 0.425847680836264 | 1.79741671683468 |
| 2023 Q2 | 1.42464111697614 | 0.985558067637808 | 0.419913028203697 | 1.99401838932281 |
| 2023 Q3 | 1.53406432653936 | 0.937267902557576 | 0.477723495480636 | 2.50718579571093 |
| 2023 Q4 | 1.64104691675057 | 1.02301613827924 | 0.66249544402538 | 2.76603567250436 |
| 2024 Q1 | 1.63602912601724 | 1.09352397883602 | 0.77280609752348 | 2.96166967042027 |
| 2024 Q2 | 1.62409861409198 | 1.08734153272509 | 1.1633548455615 | 3.17596448692653 |
| 2024 Q3 | 1.69459616913678 | 1.11923990666157 | 1.17277828457824 | 3.28645887099093 |
| 2024 Q4 | 1.74653816885763 | 1.22998772189652 | 1.67766998875992 | 3.20433310122813 |
| 2025 Q1 | 1.69775748864352 | 1.22496683670907 | 1.79991406590184 | 3.193079867016 |
| 2025 Q2 | 1.61184574845715 | 1.18204152608902 | 1.56270395208992 | 3.10678177598499 |
| 2025 Q3 | 1.60501951641575 | 1.24322040430914 | 1.63176031113818 | 2.9349691522025 |
| 2025 Q4 | 1.65392497231145 | 1.35571460744316 | 1.67376472525442 | 2.91070867414076 |
Note: The figure shows banks with total assets greater than or equal to $10 billion. C&I is commercial and industrial. The shaded bars with top caps indicate periods of business recession as defined by the National Bureau of Economic Research: December 2007–June 2009 and February 2020–April 2020.
Source: Federal Reserve Board, Form FR Y-9C, Consolidated Financial Statements for Holding Companies; Federal Financial Institutions Examination Council, Consolidated Reports of Condition and Income (Call Report) Form FFIEC 031.
Figure 3.7. Leverage levels at broker-dealers continued to be low
Ratio of assets to equity
| Date | Leverage at broker-dealers |
|---|---|
| 1995 Q1 | 30.5982069909687 |
| 1995 Q2 | 30.715053408215 |
| 1995 Q3 | 31.3075187485227 |
| 1995 Q4 | 31.8437861119866 |
| 1996 Q1 | 33.1163299730913 |
| 1996 Q2 | 33.1013331739105 |
| 1996 Q3 | 33.3441693368288 |
| 1996 Q4 | 33.8799653746273 |
| 1997 Q1 | 35.2828507392546 |
| 1997 Q2 | 35.2869330076762 |
| 1997 Q3 | 35.498408212325 |
| 1997 Q4 | 32.9736871252037 |
| 1998 Q1 | 35.5055261963666 |
| 1998 Q2 | 35.0070818698421 |
| 1998 Q3 | 35.0660341830823 |
| 1998 Q4 | 30.4295790511052 |
| 1999 Q1 | 30.9114567834438 |
| 1999 Q2 | 29.3661582531347 |
| 1999 Q3 | 28.4326362993834 |
| 1999 Q4 | 28.557997841401 |
| 2000 Q1 | 29.859810788878 |
| 2000 Q2 | 28.8894217207334 |
| 2000 Q3 | 28.5148996842856 |
| 2000 Q4 | 28.2648060796646 |
| 2001 Q1 | 28.5606100861009 |
| 2001 Q2 | 30.0320462611084 |
| 2001 Q3 | 31.4661945806851 |
| 2001 Q4 | 31.338968071904 |
| 2002 Q1 | 31.6577101403855 |
| 2002 Q2 | 31.2606840770697 |
| 2002 Q3 | 31.7889909984558 |
| 2002 Q4 | 30.6285497486484 |
| 2003 Q1 | 32.0302453053945 |
| 2003 Q2 | 34.7881475653154 |
| 2003 Q3 | 32.9734923391743 |
| 2003 Q4 | 33.6675097743329 |
| 2004 Q1 | 35.5833439029959 |
| 2004 Q2 | 37.7700967206065 |
| 2004 Q3 | 38.5887403329401 |
| 2004 Q4 | 39.2777396924885 |
| 2005 Q1 | 41.0738134100422 |
| 2005 Q2 | 41.4384392576605 |
| 2005 Q3 | 41.9749561634572 |
| 2005 Q4 | 39.880072868668 |
| 2006 Q1 | 40.503497005644 |
| 2006 Q2 | 40.6512138000326 |
| 2006 Q3 | 42.2873796143481 |
| 2006 Q4 | 43.0107629130303 |
| 2007 Q1 | 45.2778193125806 |
| 2007 Q2 | 46.8994959572924 |
| 2007 Q3 | 46.0204176455575 |
| 2007 Q4 | 46.2983034482759 |
| 2008 Q1 | 47.89183041899 |
| 2008 Q2 | 41.8661248648791 |
| 2008 Q3 | 43.2122746457033 |
| 2008 Q4 | 30.7079615940182 |
| 2009 Q1 | 28.3215972520395 |
| 2009 Q2 | 24.8998563124937 |
| 2009 Q3 | 24.9618375682385 |
| 2009 Q4 | 23.5052722711834 |
| 2010 Q1 | 24.5069614762614 |
| 2010 Q2 | 24.0433659395688 |
| 2010 Q3 | 24.3100066525033 |
| 2010 Q4 | 23.5247459227071 |
| 2011 Q1 | 24.2946419130198 |
| 2011 Q2 | 24.4403180767268 |
| 2011 Q3 | 24.5657173756309 |
| 2011 Q4 | 24.6372270220987 |
| 2012 Q1 | 24.5318749709241 |
| 2012 Q2 | 24.4307914783732 |
| 2012 Q3 | 23.8525335546291 |
| 2012 Q4 | 23.4598855351307 |
| 2013 Q1 | 22.8428439449133 |
| 2013 Q2 | 22.1486328871893 |
| 2013 Q3 | 21.8371631014628 |
| 2013 Q4 | 21.097681616223 |
| 2014 Q1 | 21.1278101117537 |
| 2014 Q2 | 21.3475737106516 |
| 2014 Q3 | 20.7180067422846 |
| 2014 Q4 | 19.8169499480063 |
| 2015 Q1 | 19.7323521032268 |
| 2015 Q2 | 19.3348381307379 |
| 2015 Q3 | 18.8286350148368 |
| 2015 Q4 | 18.1493925866296 |
| 2016 Q1 | 18.1237621509448 |
| 2016 Q2 | 18.3046870769175 |
| 2016 Q3 | 18.035854625629 |
| 2016 Q4 | 17.6136082150251 |
| 2017 Q1 | 17.7695777550781 |
| 2017 Q2 | 18.3075496605482 |
| 2017 Q3 | 17.4100389829624 |
| 2017 Q4 | 17.1500899174335 |
| 2018 Q1 | 17.2055763771559 |
| 2018 Q2 | 18.0641742412777 |
| 2018 Q3 | 17.9034846949206 |
| 2018 Q4 | 18.1021874008148 |
| 2019 Q1 | 17.9231761630234 |
| 2019 Q2 | 17.8550150674329 |
| 2019 Q3 | 17.7701250731129 |
| 2019 Q4 | 16.8485077888428 |
| 2020 Q1 | 17.2645564252128 |
| 2020 Q2 | 16.256437803408 |
| 2020 Q3 | 16.5385133231621 |
| 2020 Q4 | 16.6196028088193 |
| 2021 Q1 | 16.582882045479 |
| 2021 Q2 | 16.2138888615413 |
| 2021 Q3 | 16.2545560469413 |
| 2021 Q4 | 15.7850315685682 |
| 2022 Q1 | 17.6559734587943 |
| 2022 Q2 | 17.2151009687427 |
| 2022 Q3 | 16.9552319201328 |
| 2022 Q4 | 15.9521612582599 |
| 2023 Q1 | 16.9887092251612 |
| 2023 Q2 | 16.9454259925785 |
| 2023 Q3 | 16.6431064813536 |
| 2023 Q4 | 17.081807501296 |
| 2024 Q1 | 17.6268789319503 |
| 2024 Q2 | 17.6032710002968 |
| 2024 Q3 | 17.9807580977055 |
| 2024 Q4 | 16.5456570897438 |
| 2025 Q1 | 17.2370818092486 |
| 2025 Q2 | 17.7738032778369 |
| 2025 Q3 | 17.7840478993405 |
| 2025 Q4 | 17.1574912858505 |
Note: Leverage is calculated by dividing total assets by equity.
Source: Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States."
Figure 3.8. Broker-dealer profits moderated at the end of 2025, mirroring previous year-end performance
This is a line chart showing monthly broker-dealer trading profits from 2018 through 2025. The y-axis displays millions of dollars, ranging from 0 to 1000. The single black line shows considerable volatility throughout the period, with profits fluctuating between 300 and 900 million dollars in a generally seasonal pattern. Notable peaks occurred in early 2020 and early 2021, when profits briefly reached approximately 900 million dollars. Between 2023 and 2025, trading profits generally remained within a narrower range of approximately 300-700 million dollars and maintained the same seasonal pattern within each year. The most recent data point for December 2025 shows profits at approximately 400 million dollars.
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).
Figure 3.9. Broker-dealer profits maintained a stable distribution across business lines
This is a stacked area chart showing monthly data from 2018 through 2025. The y-axis displays percent from 0 to 100. There are three categories in the chart: Equities (terracotta, top portion), Fixed income, rates, and credit (blue, middle portion), and Other business lines (beige, bottom portion). Throughout the period, the distribution remains relatively stable. Fixed income, rates, and credit consistently account for approximately 30-40 percent of trading profits, while equities and other business lines each contribute roughly 20-30 percent. There are minor fluctuations in the relative proportions, but no dramatic shifts in the overall distribution pattern are visible. As of December 2025, the distribution closely resembles the patterns observed throughout the previous years, with each category accounting for about one-third of the distribution.
Note: The sample includes all trading desks of bank holding companies subject to the Volcker rule reporting requirement. The “other business lines” 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.
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).
Figure 3.10. Life insurance company leverage remained at the upper quartile of its distribution
Ratio of assets to equity
| Date | Life | Property and casualty |
|---|---|---|
| 2001 Q1 | 8.360315929 | 5.403669991 |
| 2001 Q2 | 8.825850206 | 5.504125512 |
| 2001 Q3 | 9.446489745 | 6.221822248 |
| 2001 Q4 | 10.02576131 | 6.373944981 |
| 2002 Q1 | 9.632679759 | 6.240769413 |
| 2002 Q2 | 9.832560139 | 6.322692244 |
| 2002 Q3 | 10.14213546 | 6.41022916 |
| 2002 Q4 | 10.79484944 | 6.68349138 |
| 2003 Q1 | 11.04440361 | 6.783390209 |
| 2003 Q2 | 11.15630355 | 6.700379951 |
| 2003 Q3 | 11.00039848 | 6.717200484 |
| 2003 Q4 | 10.93049098 | 6.703703289 |
| 2004 Q1 | 11.28632142 | 7.061007766 |
| 2004 Q2 | 11.37445196 | 6.757486319 |
| 2004 Q3 | 11.47501192 | 6.816018286 |
| 2004 Q4 | 11.68091636 | 6.822148806 |
| 2005 Q1 | 11.30446287 | 6.807496064 |
| 2005 Q2 | 10.67035344 | 6.600465712 |
| 2005 Q3 | 10.78435755 | 6.658785004 |
| 2005 Q4 | 10.86652045 | 6.484946821 |
| 2006 Q1 | 10.19546025 | 6.497220748 |
| 2006 Q2 | 10.05285582 | 6.394967111 |
| 2006 Q3 | 9.990700936 | 6.370420878 |
| 2006 Q4 | 9.942870311 | 6.298563083 |
| 2007 Q1 | 10.03147799 | 6.336802042 |
| 2007 Q2 | 9.863830346 | 6.328847255 |
| 2007 Q3 | 9.956568986 | 6.329295342 |
| 2007 Q4 | 9.735306652 | 6.087904989 |
| 2008 Q1 | 10.85573631 | 6.513339782 |
| 2008 Q2 | 10.73182068 | 6.424232439 |
| 2008 Q3 | 10.68725491 | 6.445780501 |
| 2008 Q4 | 10.89029983 | 5.962321235 |
| 2009 Q1 | 10.90932682 | 5.939189565 |
| 2009 Q2 | 10.04657884 | 5.604261304 |
| 2009 Q3 | 10.00248807 | 5.574954212 |
| 2009 Q4 | 8.944481462 | 5.201320434 |
| 2010 Q1 | 9.244863211 | 5.169366996 |
| 2010 Q2 | 9.450056325 | 5.10355913 |
| 2010 Q3 | 9.733333631 | 5.181248479 |
| 2010 Q4 | 8.836558828 | 4.477889087 |
| 2011 Q1 | 9.736770121 | 4.623750035 |
| 2011 Q2 | 9.398895189 | 4.575627304 |
| 2011 Q3 | 9.479201809 | 4.413557952 |
| 2011 Q4 | 8.891800774 | 4.156316693 |
| 2012 Q1 | 8.854567244 | 4.146309553 |
| 2012 Q2 | 8.857692011 | 4.117559347 |
| 2012 Q3 | 9.199881714 | 4.165875528 |
| 2012 Q4 | 9.442618935 | 4.178579258 |
| 2013 Q1 | 9.274268451 | 4.100953384 |
| 2013 Q2 | 8.893093469 | 3.97245337 |
| 2013 Q3 | 8.670253358 | 3.923258204 |
| 2013 Q4 | 8.798132172 | 3.900565463 |
| 2014 Q1 | 8.547166563 | 3.87545479 |
| 2014 Q2 | 8.41872559 | 3.694263721 |
| 2014 Q3 | 8.363200493 | 3.647497267 |
| 2014 Q4 | 8.59546272 | 3.594395745 |
| 2015 Q1 | 8.428684782 | 3.551287551 |
| 2015 Q2 | 8.157295502 | 3.527149965 |
| 2015 Q3 | 8.374381367 | 3.473736099 |
| 2015 Q4 | 9.038878674 | 3.469640162 |
| 2016 Q1 | 9.522137033 | 3.564389235 |
| 2016 Q2 | 9.953703221 | 3.578756345 |
| 2016 Q3 | 10.07453984 | 3.563390508 |
| 2016 Q4 | 9.90261698 | 3.806888836 |
| 2017 Q1 | 10.22183128 | 3.596155467 |
| 2017 Q2 | 10.1183826 | 3.604357705 |
| 2017 Q3 | 9.838616996 | 3.653211818 |
| 2017 Q4 | 10.04515385 | 3.740926135 |
| 2018 Q1 | 9.970165092 | 3.302703286 |
| 2018 Q2 | 9.81671602 | 2.969346997 |
| 2018 Q3 | 9.846612352 | 2.934720943 |
| 2018 Q4 | 9.936873206 | 3.038347807 |
| 2019 Q1 | 10.20370771 | 3.020145479 |
| 2019 Q2 | 10.34069428 | 3.014511147 |
| 2019 Q3 | 10.54718356 | 2.986135067 |
| 2019 Q4 | 10.54096472 | 2.898598585 |
| 2020 Q1 | 10.34685813 | 3.042360791 |
| 2020 Q2 | 11.53667848 | 3.139493199 |
| 2020 Q3 | 11.69084219 | 3.118807437 |
| 2020 Q4 | 11.80069899 | 3.036641665 |
| 2021 Q1 | 11.12686467 | 3.012444066 |
| 2021 Q2 | 11.18981547 | 2.986456596 |
| 2021 Q3 | 11.55590725 | 3.001931086 |
| 2021 Q4 | 11.32713361 | 2.847918268 |
| 2022 Q1 | 10.82153347 | 2.817607057 |
| 2022 Q2 | 9.853146018 | 2.884219907 |
| 2022 Q3 | 9.906630233 | 2.886733385 |
| 2022 Q4 | 10.07603079 | 2.855469911 |
| 2023 Q1 | 10.50902812 | 2.843667603 |
| 2023 Q2 | 10.39107173 | 2.787514932 |
| 2023 Q3 | 9.91784836 | 2.79258154 |
| 2023 Q4 | 10.91318339 | 2.76413361 |
| 2024 Q1 | 10.8805607 | 2.747099225 |
| 2024 Q2 | 10.81238043 | 2.084404184 |
| 2024 Q3 | 11.53215366 | 2.091655559 |
| 2024 Q4 | 11.073414 | 2.028209402 |
| 2025 Q1 | 11.44009663 | 2.047775255 |
| 2025 Q2 | 11.52640342 | 2.033796463 |
| 2025 Q3 | 11.92030532 | 2.027418133 |
| 2025 Q4 | 11.93998801 | 1.984425926 |
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.
Figure 3.11. Hedge fund gross leverage reached record highs
This is a line chart displaying quarterly data from 2013 to 2025, with the y-axis showing the ratio of leverage ranging from 0 to 10. Two metrics of hedge fund leverage are shown: Mean gross leverage (thin black line) and Mean balance sheet leverage (thick blue line). Mean gross leverage shows growth over the period, starting at approximately 6 in 2013, fluctuating between 6-8 through 2021, then rising more steeply from 2022 to reach about 10 by 2025:Q3, its highest level in the series. In contrast, mean balance sheet leverage shows a much flatter trend, rising from approximately 2 in 2013 to about 2.5 by 2025:Q3.
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.
Figure 3.12. Balance sheet leverage at the 15 largest hedge funds increased a bit in the third quarter of 2025
This is a line chart displaying quarterly data from 2013 to 2025, showing leverage ratios on the y-axis, ranging from 0 to 14. The chart displays three hedge fund categories: Top 15, by GAV (thin black line), 16-50, by GAV (blue line), and 51+, by GAV (thick burgundy line). The top 15 line consistently maintains the highest leverage, starting around 4-6 in 2013-2014, generally fluctuating between 6-8 from 2015-2021, then climbing more steeply to reach just above 12 by 2025:Q3. The 16-50 line maintains moderate leverage between 2-3 throughout most of the period, with a slight increase starting in 2023 to about 4 by 2025:Q3. The 51+ line is relatively flat, remaining consistently just below 2 throughout the entire period.
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.
Figure 3.13. Most dealers reported no change in hedge fund leverage use by their clients
This is a line chart showing quarterly data from 2012 to 2026, displaying net percentages for four categories of financial institutions: Hedge funds (thin black line), Trading REITs (medium-thick blue line), Insurance companies (thick burgundy line), and Mutual funds (black dashed line). The y-axis measures net percentage and is scaled from -80 to 40 percent. The chart shows considerable volatility across all categories. All categories generally fluctuate between -20 percent and 20 percent throughout most of the period. Trading REITs exhibit the most dramatic fluctuations, with significant drops around 2014 to approximately -40 percent and 2020 to approximately -70 percent. The hedge funds series also notably declines to about -60 in 2020. As of 2026:Q1, three variables, Trading REITs, Insurance companies, and Mutual funds, are at zero, while the Hedge funds series ends the highest at roughly 10 percent.
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.
Figure 3.14. The pace of non-agency securitization issuance in early 2026 exceeded the strong pace seen in 2025
This is a stacked bar chart displaying annual data from 2001 to 2026, with a y-axis in billions of dollars (real) that ranges from 0 to 3500 billion dollars. Five categories are tracked: Other (light gray), Private-label RMBS (dark gray), Non-agency CMBS (terracotta), Auto loan/lease ABS (blue), and CDOs (including CLOs and ABS CDOs) (beige). Total issuance started around 1100 billion dollars in 2001, increased to a peak of approximately 3200 billion dollars in 2006, then dropped to below 500 billion dollars during 2008-2011. Issuance then generally increased, to approximately 800 billion dollars by the end of 2019. After decreasing in 2020, increasing in 2021, and decreasing again from 2022 to 2023, total issuance increased beginning in 2024 and reached about 1000 billion dollars in 2026. CDOs (including CLOs and ABS CDOs) and Auto loan/lease ABS are roughly 200 billion each, Non-agency CMBS is roughly 100 billion, Private-label RMBS is roughly 300 billion, and Other is roughly 200 billion.
Note: The data from the first quarter of 2026 are annualized to create the 2026 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 2026 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.
Figure 3.15. Bank credit commitments to nonbank financial institutions continued to grow, with private equity, BDCs, and private credit being the largest exposure category
This is a stacked area chart showing quarterly data on bank credit commitments to nonbank financial entities from 2018 to 2025. The y-axis measures billions of dollars and ranges from 0 to 3000 billion dollars. Ten categories are tracked: 1) Financial transactions processing; 2) Private equity, BDCs, and private credit; 3) Broker-dealers; 4) Insurance companies; 5) REITs; 6) Open-end investment funds; 7) Special purpose entities, CLOs, and ABS; 8) Other financial vehicles; 9) Real estate lenders and lessors; and 10) Consumer lenders, other lenders, and lessors. Total bank credit commitments have grown steadily from approximately 1200 billion dollars in 2018 to about 2700 billion dollars by 2025:Q4. The largest component in recent periods is private equity, BDCs, and private credit, which represents approximately 600 billion dollars of total commitments by 2025:Q4.
Note: The figure shows committed amounts on credit lines and term loans extended to nonbank financial institutions (NBFIs). NBFIs 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 (BDCs), 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.
Figure 3.16. Bank credit sectoral growth rates in 2025:Q4 were broadly similar to 2024:Q4
This is a bar chart displaying the year-over-year percentage growth in bank credit from 2024:Q4 to 2025:Q4 across different categories of financial entities, with the y-axis scaled from -15 percent to 35 percent. The x-axis categories displayed in the chart from left to right are: REITs; Financial transactions processing; Consumer, leasing, & other lenders; Insurance companies; PE, BDCs, & private credit; Broker-dealers; Open-end investment funds; SPEs, CLOs, & ABS; Real estate lenders & lessors; Other financial vehicles; Total. For each type of entity, two bars are shown: Committed amounts (burgundy) and Utilized amounts (gray). SPEs, CLOs, & ABS show the highest committed amounts at approximately 30% and the highest utilized amounts at approximately 34%. Several sectors show differences between committed and utilized amounts, with all sectors showing positive growth rates except for Financial transactions processing, which shows negative utilized amounts around -14 percent. REITs committed amounts were about 7 percent and utilized amounts were less than 1 percent. Financial transactions processing committed amounts were approximately 20 percent and utilized amounts were about -15 percent. Consumer, leasing, & other lenders committed amounts were approximately 12 percent and utilized amounts were approximately 4 percent. Insurance companies committed amounts were approximately 2 percent; its utilized amounts were approximately 10 percent. PE, BDCs, & private credit committed amounts were approximately 16 percent; its utilized amounts were approximately 20 percent. Broker-dealers committed amounts were approximately 18 percent; its utilized amounts were approximately 12 percent. Open-end investment funds committed and utilized amounts were both approximately 15 percent. Real estate lenders & lessors committed amounts were approximately 10 percent; its utilized amounts were approximately 14 percent. Other financial vehicles committed amounts were approximately 1 percent; its utilized amounts were approximately 14 percent. Total (the rightmost bars) committed amounts were approximately 14 percent; its utilized amounts were approximately 18 percent.
Note: The figure shows 2025:Q4-over-2024:Q4 growth rates as of the end of the fourth quarter of 2025. 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.
Figure 4.1. Runnable liabilities in short-term funding markets were stable around the middle of their historical range
Percent of GDP
| Date | Other | Securities lending | Commercial paper | Domestic money market funds | Repurchase agreements | Uninsured deposits |
|---|---|---|---|---|---|---|
| 2002 Q1 | 75.1066034080492 | 69.1230876160447 | 65.0840316024627 | 52.0367737566363 | 30.515300520616 | 11.2213538044234 |
| 2002 Q2 | 75.9329415942286 | 69.7076094152448 | 65.3504010971969 | 53.0093683861697 | 32.3470743430831 | 11.4801712047765 |
| 2002 Q3 | 75.7724825444082 | 69.0467753872537 | 66.0205245537645 | 53.8579236683975 | 33.6326157834742 | 12.3815075882257 |
| 2002 Q4 | 77.0040054135026 | 70.0379277785305 | 67.1063301918448 | 54.718306246394 | 33.6060772659666 | 12.8816494167731 |
| 2003 Q1 | 77.798530188025 | 70.2663319327212 | 66.6981559661719 | 54.5800305113546 | 34.241711481005 | 13.1955359210072 |
| 2003 Q2 | 79.4507339835895 | 71.7940867307909 | 67.7306048227674 | 56.0298947559693 | 36.4231335394678 | 14.0221193541991 |
| 2003 Q3 | 77.7448662442942 | 70.0458753366232 | 65.0816870889563 | 53.9173236001842 | 35.1990304786943 | 13.5069257329103 |
| 2003 Q4 | 77.7766756209468 | 68.9874601063401 | 63.8841483329678 | 52.9382985909233 | 35.2511627379678 | 13.5338506885407 |
| 2004 Q1 | 79.6422880970853 | 70.3104895753799 | 65.3574186871832 | 54.2451705873232 | 37.2755976758441 | 14.0374265695776 |
| 2004 Q2 | 80.4615230784227 | 70.8182596517164 | 64.8730745526214 | 54.1407221619147 | 37.9370485459899 | 14.4192314429104 |
| 2004 Q3 | 81.0223820243898 | 71.530569805198 | 66.2609368001623 | 55.6478659741713 | 40.0298725261767 | 14.66919895473 |
| 2004 Q4 | 81.3066693523384 | 72.0934691593924 | 66.118851131512 | 54.9828231398357 | 39.399038993913 | 15.1441066110524 |
| 2005 Q1 | 81.8881440640188 | 73.1615088336474 | 66.5440544762337 | 55.3001141391267 | 40.4571938353323 | 15.042028041311 |
| 2005 Q2 | 84.4456131088107 | 75.4711729997143 | 68.1665632897527 | 56.5987712909804 | 41.9217964627275 | 15.1564307161029 |
| 2005 Q3 | 84.043103467435 | 76.3233881587033 | 69.5896946631931 | 57.7436142521682 | 42.9416437266286 | 15.281148795558 |
| 2005 Q4 | 83.9252058212674 | 76.3026726015514 | 70.1367320320435 | 57.8275614502704 | 42.3884777364093 | 15.7771740910611 |
| 2006 Q1 | 85.7470945953925 | 77.5400325521599 | 71.36971116877 | 58.886513784876 | 43.7401445113384 | 15.4926202128477 |
| 2006 Q2 | 88.8470223324904 | 79.9992961390526 | 72.5560635242484 | 59.7285156294024 | 44.2824050493036 | 15.7642597820096 |
| 2006 Q3 | 93.3516622117815 | 83.3894716442043 | 75.6473369823489 | 62.2038065533746 | 46.1866842153879 | 15.466179927928 |
| 2006 Q4 | 95.5881059481198 | 85.1722873942621 | 76.939728371924 | 62.9968767822129 | 45.98105873744 | 16.2619880698941 |
| 2007 Q1 | 97.9865113938535 | 87.6166940737757 | 78.8342785582112 | 64.7415650294415 | 47.7113637429004 | 15.3948766299465 |
| 2007 Q2 | 101.583770227147 | 90.4105892616668 | 79.9335172389811 | 65.2870786904174 | 47.7068983574302 | 15.2445678079739 |
| 2007 Q3 | 101.015407337444 | 90.5454373417708 | 79.8054759559059 | 67.0529555512188 | 47.4509710503304 | 15.2139356654784 |
| 2007 Q4 | 101.744533104137 | 90.6301626936121 | 80.1158297868245 | 67.9643857285298 | 46.585625463662 | 16.0589030929873 |
| 2008 Q1 | 107.188859387497 | 94.8893892756873 | 84.9871456498952 | 72.8551949392232 | 48.9345561923717 | 16.0681219001032 |
| 2008 Q2 | 103.579622394062 | 90.6346771170702 | 80.5409089226604 | 68.7819946007235 | 45.4300514013349 | 15.5057640897241 |
| 2008 Q3 | 101.105832956036 | 88.9521822319133 | 79.9996953392221 | 69.5639004278177 | 46.3909282465679 | 16.3760690320747 |
| 2008 Q4 | 88.7560864320004 | 77.0317993640329 | 71.2358859965311 | 60.287939193502 | 34.0077635177484 | 12.1927520354844 |
| 2009 Q1 | 88.0341908348783 | 76.1886783028293 | 70.8659493573236 | 60.9988115152989 | 34.2470532431462 | 12.1270738487319 |
| 2009 Q2 | 87.4411906500692 | 74.3434280976604 | 68.8349986635254 | 59.9428634520922 | 34.107524681217 | 12.1273265263305 |
| 2009 Q3 | 81.2980256327644 | 67.9345064369914 | 62.5443366307577 | 54.4517455193506 | 30.668584449129 | 8.17650848349374 |
| 2009 Q4 | 78.4013744273368 | 64.7885112787301 | 59.3358698969751 | 51.5728865264959 | 29.0220172539236 | 8.66623584100023 |
| 2010 Q1 | 81.703393635935 | 67.6977405637323 | 62.4305729391727 | 55.109160268308 | 34.8667089327114 | 12.2150989342082 |
| 2010 Q2 | 81.5667109547826 | 66.2179965184641 | 60.7838710671515 | 53.9211689610584 | 35.1006640354825 | 12.2369494995408 |
| 2010 Q3 | 82.3647864834044 | 66.7492677903951 | 61.9187737172697 | 54.9804675987588 | 36.412742486543 | 13.6654401103405 |
| 2010 Q4 | 77.3297822173944 | 62.0605179183849 | 57.2086487144078 | 50.3014745922454 | 31.8999543025511 | 9.5322926971254 |
| 2011 Q1 | 77.870025224963 | 63.0245524492828 | 58.0253989893117 | 50.6566154985276 | 32.8124226902631 | 9.61279672908339 |
| 2011 Q2 | 77.7048133949414 | 62.7537108821234 | 57.6279922903505 | 50.6757486066873 | 33.4021875157078 | 10.0977800181193 |
| 2011 Q3 | 75.7630793077804 | 62.1621001558817 | 57.5625659249336 | 51.1434931031409 | 34.3057763545059 | 10.3750482225041 |
| 2011 Q4 | 71.5965961782975 | 61.4075358908578 | 57.1981049156445 | 51.0800885732219 | 34.050276591315 | 10.4607215398345 |
| 2012 Q1 | 69.9962735251437 | 60.6300604437108 | 56.518772599592 | 50.4234283931661 | 34.1994215157392 | 10.5383693102781 |
| 2012 Q2 | 69.777845491255 | 60.243625859041 | 56.0887624926324 | 50.2472047210003 | 34.5821159760022 | 10.5993313751109 |
| 2012 Q3 | 69.4016379351951 | 59.929271336957 | 56.0118466673682 | 50.2543745817371 | 34.4607437493379 | 10.4764855547638 |
| 2012 Q4 | 70.9475519583628 | 61.5010752949099 | 57.9497004197278 | 52.2376904270407 | 35.9883240114031 | 11.9014878361013 |
| 2013 Q1 | 77.6609864345799 | 68.3172445025402 | 64.6865950791723 | 58.7348487889818 | 42.9409565302418 | 20.0620090367825 |
| 2013 Q2 | 76.5262167136337 | 67.2037029513471 | 63.3397017450332 | 57.4800967123635 | 41.9531939706886 | 20.0543246180199 |
| 2013 Q3 | 75.8364215719147 | 67.2173890424914 | 63.4502804112251 | 57.7490404943863 | 41.8545919619904 | 20.805092739178 |
| 2013 Q4 | 75.3740034343975 | 65.2892824129751 | 61.5694085381275 | 56.0941006117931 | 40.4164658853659 | 21.3920076378355 |
| 2014 Q1 | 76.2467989867055 | 65.7844866839509 | 61.7879383124805 | 56.0786062098371 | 40.7109572754931 | 21.4604213138379 |
| 2014 Q2 | 75.4374071620037 | 64.8591842933208 | 60.6541236831677 | 54.9732630392864 | 40.3779672997302 | 21.8937606163614 |
| 2014 Q3 | 74.0598389572772 | 64.0403906070048 | 60.1084721352115 | 54.5716694547216 | 40.0175257440957 | 22.0844801100404 |
| 2014 Q4 | 73.6271432056413 | 64.1666998332261 | 60.3729246586768 | 55.2363349455328 | 40.0155609881152 | 22.6241851326275 |
| 2015 Q1 | 73.4833401610167 | 64.0442976470451 | 60.3612577089207 | 55.1442373209187 | 40.3002384731792 | 22.7017154678427 |
| 2015 Q2 | 71.6897025512769 | 62.485482890339 | 58.9011776979455 | 53.6032104450784 | 39.3712368307046 | 22.496921582197 |
| 2015 Q3 | 71.7282506708777 | 62.7140651312212 | 59.4171560673794 | 54.0863989707689 | 39.5859740363433 | 22.4265274336355 |
| 2015 Q4 | 71.2746350266599 | 62.5574077547793 | 58.9637920627765 | 53.9126984615159 | 38.9493430186809 | 22.8384964292305 |
| 2016 Q1 | 72.2445872639965 | 63.2088001100733 | 59.6931106707369 | 54.2368728136392 | 39.3091601479667 | 22.9658089074043 |
| 2016 Q2 | 73.1159514950187 | 63.7315603014344 | 60.0934074763124 | 54.7193371908309 | 40.1932024964412 | 23.1387936243053 |
| 2016 Q3 | 72.2874908049899 | 62.9421324919481 | 59.6162912880629 | 54.8472274523534 | 40.6596332803215 | 23.6893323323571 |
| 2016 Q4 | 71.5126557099851 | 62.0552595455412 | 58.7865623342624 | 54.2052033570237 | 39.9080439123046 | 23.8873858247628 |
| 2017 Q1 | 71.3617762156755 | 61.6460746645468 | 58.4363016997189 | 53.6290769225983 | 39.8651222304549 | 23.6706879265931 |
| 2017 Q2 | 71.6525467625405 | 61.7444672452629 | 58.3527071630953 | 53.6438703148904 | 40.155413525876 | 23.5106703355656 |
| 2017 Q3 | 71.596779485996 | 61.7580135739554 | 58.4921654263474 | 53.5560814324139 | 39.6397489251353 | 23.5406365033722 |
| 2017 Q4 | 71.7792150811664 | 62.2231793152817 | 58.7793123263275 | 54.0100762585315 | 39.7991590858755 | 23.669586123399 |
| 2018 Q1 | 70.652703125481 | 61.3244756773346 | 57.8998699489911 | 52.7929690415965 | 38.8755398222238 | 23.2270787001232 |
| 2018 Q2 | 69.9534592208942 | 60.7399276314262 | 57.1531560266636 | 52.0940699439501 | 38.3675352767409 | 22.6854265534066 |
| 2018 Q3 | 69.5244172984647 | 60.5741418907774 | 57.1716502538932 | 52.1942644604983 | 38.33064848641 | 22.7568662132556 |
| 2018 Q4 | 72.1447158579578 | 63.0256809300536 | 59.7807853608585 | 55.0687657667994 | 40.5408694693871 | 23.1911515561374 |
| 2019 Q1 | 72.5174068757627 | 63.479513128113 | 60.2584894086664 | 55.2749068584481 | 40.5840827732147 | 22.4886455343271 |
| 2019 Q2 | 73.3980257965015 | 64.2270406106493 | 60.9209507500574 | 55.9144355632903 | 40.995713253714 | 22.5619610337863 |
| 2019 Q3 | 75.2719514480008 | 66.3762465596924 | 63.1618070401599 | 58.3002620485839 | 42.4478882113605 | 22.9622202123207 |
| 2019 Q4 | 75.1680707686093 | 66.2713779259766 | 63.1458141651799 | 58.4108452554236 | 41.9773595071006 | 23.4793881638521 |
| 2020 Q1 | 82.6121939891955 | 73.4996258707026 | 70.3803291357844 | 65.404759253854 | 45.9959608642448 | 26.8234619960195 |
| 2020 Q2 | 93.156450681892 | 82.3976797470879 | 78.6599324694497 | 73.6489121688043 | 50.1848239567456 | 31.0264546080436 |
| 2020 Q3 | 85.340725198552 | 75.5477587289741 | 72.2963050432744 | 67.9173710325336 | 47.6269163431163 | 29.7999038960905 |
| 2020 Q4 | 85.8678089249478 | 76.0697378674101 | 72.7178805977339 | 68.527749236045 | 49.0821932237015 | 30.9881039021936 |
| 2021 Q1 | 85.8770636015123 | 76.050348879486 | 72.5009354855665 | 67.6078572290194 | 47.7810380689895 | 31.5010792921429 |
| 2021 Q2 | 84.6449914691739 | 74.6113210560878 | 70.6475044119151 | 65.9945967472222 | 46.6500500107307 | 31.4554570165311 |
| 2021 Q3 | 84.1268386391291 | 74.403549163752 | 70.6220559732367 | 66.1354951996409 | 47.1717758380017 | 32.1665959052947 |
| 2021 Q4 | 83.7268451395392 | 74.2331166391459 | 70.4052235735267 | 66.1666003794605 | 47.2045990923954 | 32.4558305160779 |
| 2022 Q1 | 82.3105041073801 | 73.0732505522133 | 69.0286189742759 | 64.5153978137657 | 46.3338059367808 | 32.1196487078227 |
| 2022 Q2 | 79.3200569336839 | 70.075075937135 | 66.2261215103348 | 61.7256502852977 | 44.2052067532289 | 30.5117165882267 |
| 2022 Q3 | 77.0299194880568 | 67.9715163550058 | 64.2958842892246 | 59.8688012265787 | 42.4397497972286 | 28.7932807029415 |
| 2022 Q4 | 76.2222062956022 | 67.2433936068966 | 63.7683757145723 | 59.272059313181 | 41.5848534096366 | 27.9842017543537 |
| 2023 Q1 | 76.8574573281172 | 67.8677138623846 | 64.4939402029614 | 60.2356141584677 | 41.1366836157101 | 25.2599372680515 |
| 2023 Q2 | 77.2427494347396 | 68.0501730237558 | 64.5705887747613 | 60.331258465322 | 40.6040981988821 | 24.1657729559113 |
| 2023 Q3 | 76.6030065326358 | 67.5421787563801 | 64.224944711323 | 59.9269943527139 | 39.8239345668405 | 23.4649602880947 |
| 2023 Q4 | 78.0839758951227 | 68.7468835567432 | 65.4912824330184 | 61.2008728828223 | 40.4919737017349 | 23.6784761364597 |
| 2024 Q1 | 79.2901994802439 | 69.7816360095741 | 66.419950797729 | 62.1227788608503 | 41.078793965917 | 23.8034753917623 |
| 2024 Q2 | 79.2765015710875 | 69.3084584574827 | 65.8951275179858 | 61.7180897633971 | 40.7780383267596 | 23.0644435697321 |
| 2024 Q3 | 80.8234810623149 | 70.7968162773894 | 67.3705030463231 | 63.1614995395867 | 41.3814500334088 | 23.3978858960647 |
| 2024 Q4 | 80.9644294166205 | 70.6792201794025 | 67.176541067765 | 63.0903968451685 | 40.2716593753728 | 23.694123407822 |
| 2025 Q1 | 84.7552538130574 | 73.9028108388474 | 70.25690182616 | 65.8438433938967 | 42.4960079554615 | 23.7393090128597 |
| 2025 Q2 | 85.3105653888436 | 74.5468739126573 | 70.7280064198492 | 66.168099154126 | 43.1301560165045 | 23.9919555756523 |
| 2025 Q3 | 84.712848541954 | 74.1236299338068 | 70.4224556197578 | 66.0642756509822 | 42.5429860771392 | 23.7815764782079 |
| 2025 Q4 | 86.1593688213935 | 75.6834828704577 | 71.8642715874352 | 67.5136037097981 | 42.9185202628559 | 24.1963154222943 |
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 Fund 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) Form FFIEC 031; gross domestic product, Bureau of Economic Analysis via Haver Analytics; Llama Corp, DeFiLlama.
Figure 4.2. The share of high-quality liquid assets to short-term debt remained at the higher end of the historical distribution
Percent of short-term debt
| Date | G-SIBs | Large non-G-SIBs | Regional |
|---|---|---|---|
| 1997 Q1 | 16.9445970495296 | 13.6244317743739 | 19.5462766516357 |
| 1997 Q2 | 15.9105913461168 | 13.6707619208634 | 19.3189974017572 |
| 1997 Q3 | 16.189054323289 | 12.4893195180933 | 18.5862518150495 |
| 1997 Q4 | 17.8970315169025 | 12.8586394643586 | 19.0087409824939 |
| 1998 Q1 | 19.7344617152663 | 12.7525040194308 | 18.4013483495519 |
| 1998 Q2 | 18.3999197100436 | 12.6455243572437 | 18.726026897234 |
| 1998 Q3 | 16.6635120089654 | 11.9332481160551 | 16.4786667440677 |
| 1998 Q4 | 14.3423538280886 | 14.8509098442165 | 17.4395257815116 |
| 1999 Q1 | 14.0502818078711 | 13.0496424874839 | 16.2829152166029 |
| 1999 Q2 | 14.0091313768154 | 12.4442509762865 | 16.069267376309 |
| 1999 Q3 | 14.1453063200462 | 12.000890378982 | 15.6122276491482 |
| 1999 Q4 | 15.566291750889 | 11.8128082983569 | 14.7515668705013 |
| 2000 Q1 | 13.5007838942654 | 10.9809082059016 | 13.3029558241505 |
| 2000 Q2 | 13.3312354639736 | 10.6569897042859 | 13.1078272370946 |
| 2000 Q3 | 13.1179139062056 | 10.4449899522939 | 11.9410535087533 |
| 2000 Q4 | 11.9098625911299 | 13.723987227904 | 11.4898983896199 |
| 2001 Q1 | 10.5899980284069 | 12.4159393244535 | 10.797667374397 |
| 2001 Q2 | 11.1301335839315 | 12.1805212296054 | 10.9117346126208 |
| 2001 Q3 | 10.4224279274228 | 12.2890990073534 | 11.1772717659857 |
| 2001 Q4 | 11.2585604671703 | 13.6373153029998 | 10.9154987468718 |
| 2002 Q1 | 10.9015448248755 | 11.3833846139192 | 10.05087981427 |
| 2002 Q2 | 10.6718678309442 | 12.8663145094222 | 10.7230813925599 |
| 2002 Q3 | 10.9415275671238 | 13.2092421327676 | 10.8030466898547 |
| 2002 Q4 | 11.0894099865827 | 12.8349027074916 | 10.9509934965234 |
| 2003 Q1 | 10.9044349219373 | 12.8322162822323 | 10.0292964240577 |
| 2003 Q2 | 10.3270321505773 | 13.1879150599391 | 11.2194399259288 |
| 2003 Q3 | 10.0881340611887 | 11.7041687105345 | 10.4767967467447 |
| 2003 Q4 | 10.2190159623172 | 11.268080906815 | 10.5301824279832 |
| 2004 Q1 | 10.6749749535648 | 9.98174569236967 | 10.8442263441449 |
| 2004 Q2 | 10.6968780358293 | 9.02814997193674 | 10.8016338293568 |
| 2004 Q3 | 9.72561232009088 | 7.90463689901902 | 10.35833257287 |
| 2004 Q4 | 8.8728286190965 | 6.98064830159867 | 9.7091850788025 |
| 2005 Q1 | 8.24419337332999 | 6.67239783891613 | 9.12159381227499 |
| 2005 Q2 | 7.78282085411296 | 6.8127075305883 | 9.50782262747823 |
| 2005 Q3 | 7.69178334349986 | 6.8071718267663 | 9.46681131063453 |
| 2005 Q4 | 7.59247484042077 | 7.32469263019464 | 9.3702600548185 |
| 2006 Q1 | 7.04264468191004 | 6.81663676993184 | 8.5916884049721 |
| 2006 Q2 | 7.08452890383475 | 7.21724831990928 | 7.95769779344286 |
| 2006 Q3 | 7.2914864865611 | 6.73010112786223 | 7.93520950190356 |
| 2006 Q4 | 7.59190069357522 | 7.25277531435621 | 8.00173333859233 |
| 2007 Q1 | 7.24780703607417 | 6.28036614375385 | 8.47952005624401 |
| 2007 Q2 | 7.83430681177155 | 7.21927291179539 | 7.36581398904087 |
| 2007 Q3 | 7.29246155518107 | 6.04187223827445 | 6.2060583512463 |
| 2007 Q4 | 7.54842030246994 | 6.07752671594557 | 6.16582285679649 |
| 2008 Q1 | 7.58484894600677 | 5.72283221144527 | 6.71528416232294 |
| 2008 Q2 | 8.02819343604385 | 6.30078961940783 | 7.14930807223964 |
| 2008 Q3 | 10.7022147168911 | 6.07560356298139 | 7.21176379931555 |
| 2008 Q4 | 14.5132243821509 | 11.1228920514284 | 11.974297992734 |
| 2009 Q1 | 13.7674239397736 | 8.81290090798878 | 11.2792092292845 |
| 2009 Q2 | 12.9077211190638 | 8.49495822889116 | 12.0439975870658 |
| 2009 Q3 | 13.3908847813886 | 10.0222242544134 | 13.3264778345749 |
| 2009 Q4 | 14.094307943037 | 11.8227506281613 | 14.2789823888989 |
| 2010 Q1 | 14.1762008065802 | 11.8008834287965 | 15.9876656804176 |
| 2010 Q2 | 14.7537609237158 | 11.0479246917185 | 15.8204350484066 |
| 2010 Q3 | 13.9699969899295 | 10.9008951583899 | 15.0296885098955 |
| 2010 Q4 | 14.5578830285149 | 12.5982902082843 | 13.1318952947403 |
| 2011 Q1 | 15.4894365361113 | 14.4031781665632 | 15.5908165947828 |
| 2011 Q2 | 16.9474236866771 | 14.811082071687 | 15.1041728000935 |
| 2011 Q3 | 16.8409962318365 | 15.2300130665515 | 15.6762624060804 |
| 2011 Q4 | 16.4491492579311 | 14.8138046694412 | 15.4118029612404 |
| 2012 Q1 | 16.6565900370118 | 15.4126555881974 | 16.0162641251861 |
| 2012 Q2 | 16.965125244622 | 14.1306807729262 | 15.3507188146688 |
| 2012 Q3 | 17.0564111007308 | 14.0668926644321 | 15.1701381273319 |
| 2012 Q4 | 17.9489461653944 | 13.9902562419112 | 15.8122479885318 |
| 2013 Q1 | 18.7940266563285 | 12.9297953204585 | 15.2917508938051 |
| 2013 Q2 | 19.6135599419834 | 12.0974153082513 | 14.9925855213553 |
| 2013 Q3 | 20.9905828376844 | 12.6601217381205 | 15.9390143178179 |
| 2013 Q4 | 21.3829644833308 | 13.6825533378159 | 15.5530898554565 |
| 2014 Q1 | 22.3409564258203 | 14.1171229284803 | 15.9762614383808 |
| 2014 Q2 | 22.9844813751464 | 14.1430700627625 | 15.6744901525138 |
| 2014 Q3 | 23.5148615028262 | 15.2086680427538 | 15.7546920623251 |
| 2014 Q4 | 24.537917038696 | 16.1308811321362 | 15.7170053757857 |
| 2015 Q1 | 25.0713351906198 | 17.0598601280793 | 15.4578945941563 |
| 2015 Q2 | 24.2481971487041 | 17.0105056019372 | 15.2819099273995 |
| 2015 Q3 | 23.975989929227 | 17.5504484537762 | 15.0168909361736 |
| 2015 Q4 | 24.5665668777135 | 16.8150500158789 | 15.6578890828833 |
| 2016 Q1 | 24.5616392406024 | 17.3553172059749 | 15.2924621768014 |
| 2016 Q2 | 24.4858008586848 | 17.5957965297578 | 13.2234704838281 |
| 2016 Q3 | 24.768076325505 | 18.2408817081679 | 13.4611617547241 |
| 2016 Q4 | 24.7948167979059 | 18.4251764329094 | 13.6011886462296 |
| 2017 Q1 | 25.6927311401424 | 18.864781264866 | 13.7428524328105 |
| 2017 Q2 | 24.8189970387638 | 18.7898684766376 | 13.0290966837872 |
| 2017 Q3 | 25.3372691657059 | 18.8266032252993 | 12.6043031729 |
| 2017 Q4 | 25.0338395979847 | 19.0500539457603 | 12.2803974656452 |
| 2018 Q1 | 24.9371228535236 | 18.94795748239 | 11.7903929900052 |
| 2018 Q2 | 24.4796356092475 | 18.8436265327505 | 11.346530758641 |
| 2018 Q3 | 24.5281365989884 | 18.5270911845395 | 11.2145092689795 |
| 2018 Q4 | 23.7175412422652 | 18.4960558586137 | 11.5652313475742 |
| 2019 Q1 | 22.7737759132384 | 18.3999904264454 | 11.7183766793161 |
| 2019 Q2 | 22.9382484627338 | 17.9376731091618 | 12.0218282598619 |
| 2019 Q3 | 23.5163390029834 | 18.3205060774123 | 12.440877899692 |
| 2019 Q4 | 24.4800869836142 | 18.1787793771178 | 12.3217701487237 |
| 2020 Q1 | 26.6657027794969 | 22.0277605513983 | 13.6369642227721 |
| 2020 Q2 | 29.1228179283045 | 25.5674950669046 | 17.1785155293227 |
| 2020 Q3 | 30.2597449235663 | 24.8950050120611 | 16.8593867345098 |
| 2020 Q4 | 32.2345156238431 | 25.0235171043693 | 17.7946473544787 |
| 2021 Q1 | 33.3785174523069 | 26.9630823415923 | 20.3249846305978 |
| 2021 Q2 | 32.9957893539762 | 25.7377518868735 | 22.3632432144916 |
| 2021 Q3 | 33.3135481291178 | 26.37264243493 | 22.6128583181627 |
| 2021 Q4 | 34.1726039347258 | 25.1974799464868 | 22.9875251263691 |
| 2022 Q1 | 31.7936621520577 | 25.1564287547673 | 20.5878234057027 |
| 2022 Q2 | 30.5276763114515 | 22.3414595785171 | 16.8381477076773 |
| 2022 Q3 | 29.5824920842971 | 20.7859153066844 | 15.125002306273 |
| 2022 Q4 | 29.7573619979076 | 20.5527348956116 | 14.436944509414 |
| 2023 Q1 | 29.3171474316085 | 22.791683066029 | 16.5254792618218 |
| 2023 Q2 | 28.0645703638871 | 22.9752270363981 | 15.4435114642911 |
| 2023 Q3 | 27.4190738147181 | 22.5541755733343 | 15.0583284301646 |
| 2023 Q4 | 29.0625109303007 | 23.0840073312337 | 15.5517417447944 |
| 2024 Q1 | 28.2368142160751 | 24.1633710994209 | 15.1185959861453 |
| 2024 Q2 | 27.436628947682 | 24.3110324007318 | 14.6697279013947 |
| 2024 Q3 | 26.5659672622227 | 25.9497354651196 | 15.7782220853181 |
| 2024 Q4 | 27.818641335863 | 25.0821493182092 | 15.8137924633215 |
| 2025 Q1 | 25.9040712247021 | 25.8129262888365 | 15.6175206767152 |
| 2025 Q2 | 26.0882553888379 | 24.8179043527893 | 15.3473983075399 |
| 2025 Q3 | 25.3563261553312 | 24.5121362140627 | 15.7074955856033 |
| 2025 Q4 | 25.375398027524 | 24.4284233797976 | 15.6245732457712 |
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. Short-term debt is total liabilities less long-term debt. The figure shows banks with total assets greater than or equal to $10 billion. 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; Federal Financial Institutions Examination Council, Consolidated Reports of Condition and Income (Call Report) Form FFIEC 031.
Figure 4.3. Bank funding structures stabilized at levels consistent with historical norms
Percent of total assets
| Date | Uninsured deposits | Short-term wholesale funding |
|---|---|---|
| 2002 Q1 | 14.8957301545979 | 23.2314568649859 |
| 2002 Q2 | 15.0712406066418 | 22.4510522111966 |
| 2002 Q3 | 16.3823339958022 | 21.5826774959378 |
| 2002 Q4 | 16.9470922108937 | 21.5354061123845 |
| 2003 Q1 | 17.5251207992127 | 21.708377439948 |
| 2003 Q2 | 17.8937930365023 | 21.5748059939783 |
| 2003 Q3 | 17.747752739009 | 21.1697815505282 |
| 2003 Q4 | 17.768437338134 | 20.2623636674561 |
| 2004 Q1 | 17.8048966048868 | 21.2698673728891 |
| 2004 Q2 | 17.7933737736436 | 22.0471073551412 |
| 2004 Q3 | 17.9133985493451 | 21.9193551230856 |
| 2004 Q4 | 18.007396677321 | 21.7321360698812 |
| 2005 Q1 | 17.5992496201808 | 23.7598247691103 |
| 2005 Q2 | 17.3721059161624 | 24.1789666586545 |
| 2005 Q3 | 17.4851366490364 | 25.0036531521977 |
| 2005 Q4 | 18.223978016405 | 25.1393411688794 |
| 2006 Q1 | 17.3216260103445 | 26.1729985078779 |
| 2006 Q2 | 17.543766501152 | 26.7638425575581 |
| 2006 Q3 | 16.8162779758129 | 32.9454635470744 |
| 2006 Q4 | 15.9740307200418 | 31.7813240858226 |
| 2007 Q1 | 15.3196357767963 | 32.9574288469852 |
| 2007 Q2 | 14.8875627975245 | 32.7933590507097 |
| 2007 Q3 | 14.6382411119868 | 33.3680601260588 |
| 2007 Q4 | 15.5759347783737 | 32.0155388214006 |
| 2008 Q1 | 16.2026571396946 | 31.9122641251391 |
| 2008 Q2 | 15.7589255069685 | 30.0577477363853 |
| 2008 Q3 | 16.2014382634462 | 32.1738153671304 |
| 2008 Q4 | 18.4597877524591 | 27.9274875603314 |
| 2009 Q1 | 15.9182183290821 | 27.5994948166552 |
| 2009 Q2 | 16.0555361777563 | 26.0646016638401 |
| 2009 Q3 | 13.6721115630259 | 25.9294404656451 |
| 2009 Q4 | 14.0594700800024 | 25.0246977055917 |
| 2010 Q1 | 13.0884248028634 | 25.7258942576551 |
| 2010 Q2 | 13.5088065609744 | 24.7377337509624 |
| 2010 Q3 | 13.6586908666616 | 24.8325873354289 |
| 2010 Q4 | 9.26742367821327 | 22.4225562704937 |
| 2011 Q1 | 9.3797887629958 | 22.7920701025137 |
| 2011 Q2 | 10.0395019723857 | 22.5908036204351 |
| 2011 Q3 | 10.3226530629925 | 21.624416874408 |
| 2011 Q4 | 10.7970598321567 | 20.5026740959478 |
| 2012 Q1 | 10.7038963443711 | 20.8137653943583 |
| 2012 Q2 | 11.0887536127761 | 20.3373935896982 |
| 2012 Q3 | 11.0441089687313 | 20.0493475785833 |
| 2012 Q4 | 12.4481918614661 | 19.1722489771184 |
| 2013 Q1 | 20.9660103643718 | 19.2912965770071 |
| 2013 Q2 | 21.4135458038808 | 19.5807039733135 |
| 2013 Q3 | 22.5493955327709 | 18.6961130606689 |
| 2013 Q4 | 23.2895480882387 | 17.9458101582195 |
| 2014 Q1 | 22.8679883537576 | 17.9626158996459 |
| 2014 Q2 | 23.4486816090462 | 17.3698741506818 |
| 2014 Q3 | 23.9354886726101 | 16.6882022331312 |
| 2014 Q4 | 24.4628533091602 | 16.1450798222101 |
| 2015 Q1 | 24.4923767906059 | 15.5904771455441 |
| 2015 Q2 | 24.8279397242295 | 15.7582323062443 |
| 2015 Q3 | 24.7028976119606 | 15.4046283098813 |
| 2015 Q4 | 25.4132903749431 | 15.3093224740036 |
| 2016 Q1 | 25.2308137655381 | 15.4917212956058 |
| 2016 Q2 | 25.2369999886908 | 15.7789263132508 |
| 2016 Q3 | 25.3517755918413 | 15.7716414491205 |
| 2016 Q4 | 25.8680300102505 | 15.2696273537003 |
| 2017 Q1 | 25.6308586497368 | 15.5694474983848 |
| 2017 Q2 | 25.1780293700989 | 16.0108170609264 |
| 2017 Q3 | 25.435559572013 | 15.7466451814535 |
| 2017 Q4 | 26.0746190924384 | 15.5712241227541 |
| 2018 Q1 | 25.5117833382309 | 15.9518113792042 |
| 2018 Q2 | 25.3784215246057 | 16.1220336714089 |
| 2018 Q3 | 25.7187723562339 | 16.1432301301251 |
| 2018 Q4 | 26.2970529686962 | 15.8368715267118 |
| 2019 Q1 | 25.4813653581845 | 16.0757515194445 |
| 2019 Q2 | 25.5258505843323 | 16.002711995819 |
| 2019 Q3 | 26.1597830848108 | 15.9570174948399 |
| 2019 Q4 | 27.0047748737463 | 15.0346715160251 |
| 2020 Q1 | 28.0845116103772 | 15.3321595315888 |
| 2020 Q2 | 29.584163866823 | 13.257268240546 |
| 2020 Q3 | 29.829003311141 | 12.4769487164055 |
| 2020 Q4 | 30.3429695328254 | 11.5435072451451 |
| 2021 Q1 | 29.9724723837191 | 12.3996388305502 |
| 2021 Q2 | 30.6366648087302 | 11.9371078054962 |
| 2021 Q3 | 30.6149232813757 | 11.5921096171175 |
| 2021 Q4 | 31.5551230767837 | 10.8328212299448 |
| 2022 Q1 | 30.6134091927092 | 11.5065624603595 |
| 2022 Q2 | 30.2916894342435 | 11.9253921841919 |
| 2022 Q3 | 29.7110894677798 | 12.540994956767 |
| 2022 Q4 | 29.6157851475569 | 12.4939951363143 |
| 2023 Q1 | 27.3534703586773 | 15.0778076661657 |
| 2023 Q2 | 26.837199546953 | 15.2984110232966 |
| 2023 Q3 | 26.8265302654737 | 15.882462441831 |
| 2023 Q4 | 26.0609925852761 | 15.5286987364473 |
| 2024 Q1 | 25.7338985346957 | 16.7128365981947 |
| 2024 Q2 | 25.4806539225054 | 17.1534141336322 |
| 2024 Q3 | 25.7526840486058 | 16.8415710390489 |
| 2024 Q4 | 26.9428513679214 | 15.4813427875339 |
| 2025 Q1 | 26.0743931189573 | 17.2341583585114 |
| 2025 Q2 | 26.1715182026057 | 17.5243979771999 |
| 2025 Q3 | 26.2570084877942 | 17.463904974513 |
| 2025 Q4 | 26.8375352522709 | 16.9449293412981 |
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: December 2007–June 2009 and February 2020–April 2020.
Source: Federal Reserve Board, Form FR Y-9C, Consolidated Financial Statements for Holding Companies; Federal Financial Institutions Examination Council, Consolidated Reports of Condition and Income (Call Report) Form FFIEC 031.
Figure 4.4. Money market fund assets maintained their upward trend through the beginning of 2026
This is a stacked area chart showing monthly data from January 2000 to January 2026, with the y-axis measuring trillions of dollars (real) and ranging from 0 to 8 trillion. The chart displays four categories of money market funds from top to bottom: 1) Government (beige area), 2) Tax exempt (terracotta area), 3) Retail prime (light blue area), and 4) Institutional prime (dark blue area). Total money market fund assets start at around 3 trillion dollars in 2000, gradually increase to about 6 trillion by 2009, then decline to around 4 trillion by mid-2017. Around 2016, there's a compositional shift with government funds growing substantially while other categories shrink. From 2022 onward, total assets show a strong upward trend, reaching nearly 8 trillion dollars by January 2026, with government funds making up the largest share at about 6 trillion dollars.
Note: The data are converted to constant 2026 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.
Figure 4.5. Total stablecoin market capitalization remained at record highs
Billions of dollars
| Date | Other | TerraUSD | Dai | Binance USD | USD Coin | Tether |
|---|---|---|---|---|---|---|
| 12/31/2020 | 27.380387019 | 26.296363425 | 26.116087752 | 24.944224457 | 23.957292312 | 20.038555161 |
| 1/1/2021 | 28.278913093 | 27.154369163 | 26.970955811 | 25.759700566 | 24.684372763 | 20.578435105 |
| 1/2/2021 | 29.260028232 | 28.112053552 | 27.928832538 | 26.73794559 | 25.592075317 | 21.40409582 |
| 1/3/2021 | 29.429037629 | 28.253995176 | 28.074574536 | 26.827611588 | 25.656401869 | 21.35290024 |
| 1/4/2021 | 29.287676011 | 28.13670509 | 27.95517638 | 26.638978711 | 25.605998755 | 21.331241407 |
| 1/5/2021 | 30.093360821 | 28.855862268 | 28.668760518 | 27.347644091 | 26.276388528 | 21.997778179 |
| 1/6/2021 | 31.136693213 | 29.886269361 | 29.694007396 | 28.372170375 | 27.264139464 | 22.813088146 |
| 1/7/2021 | 31.218221971 | 29.904358726 | 29.71861401 | 28.35436303 | 27.256681067 | 22.661234598 |
| 1/8/2021 | 32.070047245 | 30.747589773 | 30.557748834 | 29.168602034 | 28.063852186 | 23.39591239 |
| 1/9/2021 | 32.35847098 | 31.012191587 | 30.82805289 | 29.404838704 | 28.249008999 | 23.457818739 |
| 1/10/2021 | 32.28144782 | 30.915920634 | 30.728986505 | 29.298445677 | 28.131349938 | 23.383510524 |
| 1/11/2021 | 32.292871046 | 30.955803255 | 30.765408556 | 29.37821583 | 28.315093267 | 23.534073202 |
| 1/12/2021 | 32.58417192 | 31.193165012 | 30.996159659 | 29.623441644 | 28.558063949 | 23.790483755 |
| 1/13/2021 | 32.656134741 | 31.252239603 | 31.062075249 | 29.691271873 | 28.615784236 | 23.82117995 |
| 1/14/2021 | 32.660777337 | 31.229461782 | 31.029529453 | 29.619105464 | 28.532701501 | 23.684887309 |
| 1/15/2021 | 32.805947585 | 31.385397543 | 31.188330513 | 29.897394186 | 28.743208344 | 23.747681509 |
| 1/16/2021 | 33.034733549 | 31.573254437 | 31.376009232 | 30.004275009 | 28.865941427 | 23.786111246 |
| 1/17/2021 | 33.01390566 | 31.493717064 | 31.30810665 | 29.925478354 | 28.763209269 | 23.692150174 |
| 1/18/2021 | 33.573447501 | 32.026862248 | 31.827814411 | 30.42194338 | 29.272343606 | 24.138909734 |
| 1/19/2021 | 33.6204122 | 32.01180961 | 31.816830729 | 30.414150701 | 29.270029205 | 24.073943182 |
| 1/20/2021 | 33.799570985 | 32.17939157 | 31.975165358 | 30.569116864 | 29.442194869 | 24.081140462 |
| 1/21/2021 | 33.850837914 | 32.289915094 | 32.082648945 | 30.668932998 | 29.563976953 | 24.144231477 |
| 1/22/2021 | 34.104817066 | 32.504186733 | 32.287793686 | 30.842948945 | 29.656952513 | 24.124439289 |
| 1/23/2021 | 34.157287288 | 32.543843894 | 32.317455849 | 30.857006089 | 29.671632563 | 24.08030626 |
| 1/24/2021 | 34.319073215 | 32.679424239 | 32.45564257 | 30.921461406 | 29.699047359 | 24.104528683 |
| 1/25/2021 | 34.267540375 | 32.627288067 | 32.379839902 | 30.801791556 | 29.603269872 | 24.13488147 |
| 1/26/2021 | 34.777223261 | 33.116494062 | 32.860524056 | 31.263331882 | 30.043084037 | 24.592964257 |
| 1/27/2021 | 35.456941379 | 33.780668347 | 33.523353099 | 31.917172342 | 30.548162039 | 24.966178561 |
| 1/28/2021 | 36.081983506 | 34.381853311 | 34.115587527 | 32.504277842 | 31.108066356 | 25.385528547 |
| 1/29/2021 | 36.592701868 | 34.892175026 | 34.620535093 | 33.003079519 | 31.518489171 | 25.684420702 |
| 1/30/2021 | 36.670021983 | 34.951291345 | 34.674730842 | 33.033647156 | 31.561176221 | 25.722233732 |
| 1/31/2021 | 37.2069177 | 35.478367252 | 35.19659303 | 33.550604399 | 32.079703172 | 26.185621002 |
| 2/1/2021 | 37.123935426 | 35.397146835 | 35.121705679 | 33.468288121 | 32.058521013 | 26.09581051 |
| 2/2/2021 | 35.703640974 | 33.971775522 | 33.695249849 | 31.987778384 | 30.579867505 | 24.585179846 |
| 2/3/2021 | 38.285847306 | 36.534234423 | 36.267859301 | 34.533381314 | 33.105988014 | 26.960178989 |
| 2/4/2021 | 38.807035667 | 37.07004227 | 36.81198135 | 35.040574655 | 33.587586415 | 27.350486446 |
| 2/5/2021 | 40.023493286 | 38.240087959 | 37.972045691 | 36.150776133 | 34.633088911 | 28.269914561 |
| 2/6/2021 | 40.122100972 | 38.311966511 | 38.050987688 | 36.226659 | 34.672642563 | 28.194791606 |
| 2/7/2021 | 41.537112122 | 39.714624163 | 39.442815299 | 37.64025597 | 36.099868805 | 29.574850772 |
| 2/8/2021 | 41.873831743 | 39.964299988 | 39.684466468 | 37.793611593 | 36.232921308 | 29.700248415 |
| 2/9/2021 | 43.105603283 | 41.071747628 | 40.779192245 | 38.833072398 | 37.232607067 | 30.476476632 |
| 2/10/2021 | 43.453109192 | 41.397356262 | 41.089144542 | 39.122998112 | 37.45925377 | 30.651509418 |
| 2/11/2021 | 43.684919654 | 41.65723621 | 41.326577007 | 39.296327946 | 37.620496046 | 30.638846876 |
| 2/12/2021 | 44.847042534 | 42.779789231 | 42.413144277 | 40.36934669 | 38.717301802 | 31.622484633 |
| 2/13/2021 | 45.315268314 | 43.196483174 | 42.801581026 | 40.731481731 | 39.012579152 | 31.67348843 |
| 2/14/2021 | 45.360694515 | 43.283170921 | 42.861229909 | 40.795413135 | 39.054642816 | 31.595058573 |
| 2/15/2021 | 45.820703277 | 43.736143869 | 43.30284937 | 41.179834032 | 39.556353738 | 32.118114789 |
| 2/16/2021 | 46.72471828 | 44.66176858 | 44.200393809 | 42.001530675 | 40.415067743 | 33.148074356 |
| 2/17/2021 | 46.905224768 | 44.814060352 | 44.328780706 | 42.071800071 | 40.422724374 | 33.134666195 |
| 2/18/2021 | 47.552637811 | 45.462338638 | 44.959153496 | 42.655378446 | 40.925195405 | 33.52204849 |
| 2/19/2021 | 49.200497897 | 47.041893062 | 46.514750814 | 44.180287573 | 42.213829793 | 34.53021899 |
| 2/20/2021 | 49.676030768 | 47.4633838 | 46.920654927 | 44.557489442 | 42.380056939 | 34.485854522 |
| 2/21/2021 | 49.683236843 | 47.413466344 | 46.850203477 | 44.456050719 | 42.259711316 | 34.435564858 |
| 2/22/2021 | 50.106925062 | 47.880129025 | 47.28867452 | 44.91145073 | 42.650010308 | 34.493026143 |
| 2/23/2021 | 50.121209081 | 47.790402167 | 47.193664811 | 44.874185853 | 42.713889565 | 34.439622474 |
| 2/24/2021 | 50.704487836 | 48.356154075 | 47.742818653 | 45.394887889 | 43.114261333 | 34.665380337 |
| 2/25/2021 | 50.48007218 | 48.158869058 | 47.533340571 | 45.203569197 | 42.917055907 | 34.440054295 |
| 2/26/2021 | 51.216785031 | 48.837024014 | 48.178199134 | 45.845669068 | 43.49581622 | 34.588400395 |
| 2/27/2021 | 50.90648864 | 48.52001211 | 47.844693636 | 45.507160473 | 43.128029746 | 34.106342827 |
| 2/28/2021 | 52.256085584 | 49.875858544 | 49.186613432 | 46.818636359 | 44.466617485 | 35.460506885 |
| 3/1/2021 | 52.658836619 | 50.053590306 | 49.343905603 | 46.868202202 | 44.313838645 | 35.351065635 |
| 3/2/2021 | 54.171141859 | 51.579242195 | 50.846031738 | 48.302651123 | 45.438035029 | 36.517749084 |
| 3/3/2021 | 53.592771799 | 51.014862016 | 50.291207684 | 47.76021342 | 44.956223269 | 36.184316387 |
| 3/4/2021 | 54.033128547 | 51.493838188 | 50.745657119 | 48.168628993 | 45.194618935 | 36.331967829 |
| 3/5/2021 | 54.197670918 | 51.662829244 | 50.892091789 | 48.338399797 | 45.129904037 | 36.157645812 |
| 3/6/2021 | 54.496907921 | 52.025363002 | 51.247864423 | 48.658435876 | 45.422152753 | 36.279311852 |
| 3/7/2021 | 54.495129857 | 52.01247045 | 51.220998402 | 48.671196993 | 45.510904942 | 36.325947085 |
| 3/8/2021 | 54.256539551 | 51.776142394 | 50.960721719 | 48.382739999 | 45.369536265 | 36.225324904 |
| 3/9/2021 | 55.594185062 | 53.12120173 | 52.285695297 | 49.640836507 | 46.453274126 | 37.305583084 |
| 3/10/2021 | 55.861269632 | 53.40925778 | 52.541760936 | 49.916874312 | 46.702853279 | 37.502646174 |
| 3/11/2021 | 56.193665336 | 53.70200004 | 52.795224534 | 50.118392426 | 46.988721947 | 37.696362445 |
| 3/12/2021 | 56.594702996 | 54.069341777 | 53.098855932 | 50.367969942 | 47.162201862 | 37.688645646 |
| 3/13/2021 | 56.639418696 | 54.10094054 | 53.083147374 | 50.323201861 | 47.129699726 | 37.685800848 |
| 3/14/2021 | 57.680015837 | 55.122886915 | 54.102498741 | 51.327368539 | 48.215448999 | 38.755355228 |
| 3/15/2021 | 58.388296942 | 55.795039358 | 54.734340947 | 51.947585366 | 48.851326124 | 39.331389879 |
| 3/16/2021 | 58.523363365 | 55.944225299 | 54.790614138 | 51.981330376 | 48.908403759 | 39.276986884 |
| 3/17/2021 | 58.903382476 | 56.255511692 | 55.057640204 | 52.191455765 | 49.085510532 | 39.369205651 |
| 3/18/2021 | 59.198527112 | 56.53890626 | 55.287205714 | 52.40111106 | 49.203633835 | 39.362450327 |
| 3/19/2021 | 59.443515757 | 56.785719948 | 55.494571788 | 52.618646822 | 49.392452174 | 39.382461749 |
| 3/20/2021 | 60.514957477 | 57.863774865 | 56.564363236 | 53.680185009 | 50.42577315 | 40.385614604 |
| 3/21/2021 | 60.704910258 | 58.014835381 | 56.681072336 | 53.77934338 | 50.539038025 | 40.346867253 |
| 3/22/2021 | 60.932000089 | 58.359005196 | 56.992090641 | 54.059161432 | 50.693926586 | 40.354628172 |
| 3/23/2021 | 60.754601434 | 58.137979384 | 56.735680226 | 53.820997022 | 50.44571223 | 40.144389268 |
| 3/24/2021 | 60.815062897 | 58.265323482 | 56.835532268 | 53.913626848 | 50.599114105 | 40.164623673 |
| 3/25/2021 | 60.996753567 | 58.454278163 | 57.01434537 | 54.092223968 | 50.827694787 | 40.165535684 |
| 3/26/2021 | 62.451440708 | 59.708670484 | 58.21164481 | 55.248617798 | 51.858416878 | 40.9923942 |
| 3/27/2021 | 62.596166577 | 59.869255283 | 58.359276074 | 55.37612804 | 51.934951967 | 41.010674597 |
| 3/28/2021 | 63.066068956 | 60.228194921 | 58.615990544 | 55.614651119 | 52.118137232 | 41.151075766 |
| 3/29/2021 | 62.68576378 | 59.831124332 | 58.251897381 | 55.266473092 | 51.786668808 | 40.978638845 |
| 3/30/2021 | 62.971254784 | 60.107526784 | 58.501303036 | 55.485884721 | 51.902495324 | 41.00660371 |
| 3/31/2021 | 64.037569306 | 61.151333607 | 59.531276986 | 56.522218772 | 53.040273183 | 42.22262828 |
| 4/1/2021 | 64.182508953 | 61.289231856 | 59.642001576 | 56.676307619 | 53.148996204 | 42.241531615 |
| 4/2/2021 | 66.572341379 | 61.504530898 | 59.841468438 | 56.799652175 | 52.973567537 | 42.234161259 |
| 4/3/2021 | 66.903678237 | 61.822542241 | 60.14933547 | 57.089885819 | 53.134207465 | 42.237379191 |
| 4/4/2021 | 67.365322829 | 61.938721871 | 60.252384281 | 57.18343344 | 53.155919689 | 42.232552446 |
| 4/5/2021 | 68.452647564 | 63.232695376 | 61.545946781 | 58.49290266 | 54.409706549 | 43.381315891 |
| 4/6/2021 | 68.497440889 | 63.196431202 | 61.489498636 | 58.426363816 | 54.408282378 | 43.423636951 |
| 4/7/2021 | 68.925520348 | 64.351516084 | 62.658491945 | 59.598145439 | 55.403749569 | 44.386492308 |
| 4/8/2021 | 69.524741734 | 65.114376507 | 63.371738029 | 60.327844583 | 55.684549074 | 44.489350103 |
| 4/9/2021 | 69.792124659 | 65.30829915 | 63.560453187 | 60.518230858 | 55.58826053 | 44.38839377 |
| 4/10/2021 | 70.041157356 | 65.41148784 | 63.631345696 | 60.515222529 | 55.560619751 | 44.377530957 |
| 4/11/2021 | 71.018101001 | 66.525204739 | 64.776533674 | 61.625571302 | 56.590383509 | 45.452923277 |
| 4/12/2021 | 70.869090347 | 66.408364409 | 64.657071176 | 61.524613802 | 56.45795781 | 45.446501811 |
| 4/13/2021 | 73.44857516 | 69.012493706 | 67.223040438 | 64.052252753 | 58.794294672 | 47.468725364 |
| 4/14/2021 | 73.8489314 | 69.193965141 | 67.420794551 | 64.267014282 | 58.929678728 | 47.394923053 |
| 4/15/2021 | 74.452781606 | 69.738724879 | 67.957745982 | 64.755408046 | 59.22076602 | 47.409587501 |
| 4/16/2021 | 76.584521041 | 71.750094611 | 69.919545847 | 66.607686467 | 60.457457249 | 48.358512694 |
| 4/17/2021 | 77.167845826 | 72.433418556 | 70.651172825 | 67.209330741 | 60.962473429 | 48.475784369 |
| 4/18/2021 | 80.193384745 | 74.722876135 | 72.916376388 | 69.48146714 | 63.076515557 | 50.439912171 |
| 4/19/2021 | 80.402879976 | 75.185279306 | 73.383493933 | 69.961342915 | 63.326315071 | 50.402257702 |
| 4/20/2021 | 81.306227021 | 75.540820052 | 73.70737033 | 70.255047029 | 63.398200497 | 50.430101856 |
| 4/21/2021 | 81.65847895 | 75.82034754 | 73.96337585 | 70.548319456 | 63.304277062 | 50.266549419 |
| 4/22/2021 | 82.022629694 | 75.955437686 | 74.07420882 | 70.614229233 | 63.488696004 | 50.466071918 |
| 4/23/2021 | 82.156777045 | 76.125345809 | 74.242729667 | 70.808799905 | 63.926670734 | 50.499682242 |
| 4/24/2021 | 82.094068719 | 76.134630535 | 74.301057061 | 70.858847721 | 63.904528483 | 50.337162794 |
| 4/25/2021 | 82.854133504 | 76.682167968 | 74.797872957 | 71.323514221 | 64.229889158 | 50.60515622 |
| 4/26/2021 | 83.225766928 | 76.86715629 | 74.975095461 | 71.486001877 | 64.288141181 | 50.440336521 |
| 4/27/2021 | 83.300835092 | 76.937648921 | 75.007662382 | 71.458185077 | 64.055032067 | 50.251671678 |
| 4/28/2021 | 84.116953787 | 77.588175771 | 75.647866768 | 72.073460485 | 64.915742758 | 50.991958451 |
| 4/29/2021 | 83.781746024 | 77.796348018 | 75.766064932 | 72.090220361 | 64.883048343 | 50.946008137 |
| 4/30/2021 | 85.146251459 | 79.117796267 | 77.107993122 | 73.452583634 | 65.995973183 | 51.981753207 |
| 5/1/2021 | 85.626035003 | 79.307461945 | 77.314787353 | 73.581560494 | 65.999501007 | 51.938886806 |
| 5/2/2021 | 86.876988917 | 80.544654181 | 78.589008725 | 74.798923807 | 66.978149268 | 52.941850357 |
| 5/3/2021 | 87.007213987 | 80.376869842 | 78.374363051 | 74.466499513 | 66.989678341 | 52.980312283 |
| 5/4/2021 | 89.287239699 | 82.751455601 | 80.779712552 | 76.813609486 | 69.337458232 | 55.104406619 |
| 5/5/2021 | 89.844117487 | 83.203654387 | 81.183020306 | 77.085833233 | 69.327387765 | 54.827697921 |
| 5/6/2021 | 90.410347219 | 83.728199611 | 81.697132007 | 77.405841265 | 69.421764028 | 54.926914141 |
| 5/7/2021 | 90.57954713 | 83.892961863 | 81.840665961 | 77.463561273 | 69.642314301 | 55.010707301 |
| 5/8/2021 | 90.908443076 | 84.058663396 | 82.023662095 | 77.614258844 | 69.720470477 | 54.847002914 |
| 5/9/2021 | 92.234478445 | 85.469257155 | 83.392956661 | 78.88923675 | 71.042262589 | 55.968976294 |
| 5/10/2021 | 93.858303187 | 87.077380107 | 85.018326303 | 80.406827535 | 72.43457464 | 57.319505571 |
| 5/11/2021 | 94.740633555 | 87.819710404 | 85.740187518 | 81.141307688 | 73.149349596 | 57.952539848 |
| 5/12/2021 | 94.781629958 | 87.877053643 | 85.799372375 | 81.159511197 | 73.212137407 | 58.095326609 |
| 5/13/2021 | 94.320445685 | 87.460611999 | 85.350670512 | 80.874970038 | 73.001461167 | 57.50409562 |
| 5/14/2021 | 94.961840533 | 88.091643494 | 85.979862893 | 81.380223241 | 73.507285874 | 57.831222329 |
| 5/15/2021 | 94.973378449 | 88.131094779 | 86.059821442 | 81.44244785 | 73.580240208 | 57.628675206 |
| 5/16/2021 | 95.459220719 | 88.564349361 | 86.457482107 | 81.767361819 | 73.82031013 | 57.774190029 |
| 5/17/2021 | 97.061288043 | 90.289873347 | 88.19423883 | 83.448649238 | 75.487584679 | 59.260098045 |
| 5/18/2021 | 96.612417007 | 89.883084516 | 87.789402295 | 83.035384318 | 75.09947433 | 58.735316097 |
| 5/19/2021 | 95.413480448 | 89.604251263 | 87.552690752 | 83.198094818 | 75.490153585 | 58.568241603 |
| 5/20/2021 | 97.229660812 | 91.3384464 | 89.305536502 | 85.022572762 | 76.883151419 | 59.180106734 |
| 5/21/2021 | 99.31826922 | 93.404241319 | 91.425170296 | 87.177194855 | 78.697273032 | 59.844426476 |
| 5/22/2021 | 100.021164593 | 94.097558637 | 92.084526942 | 87.833141737 | 79.318412534 | 60.082400532 |
| 5/23/2021 | 101.154710117 | 95.38809396 | 93.485464285 | 89.421968824 | 80.809376736 | 60.993612148 |
| 5/24/2021 | 101.776670127 | 95.983771906 | 94.093904915 | 89.863911104 | 81.233727665 | 61.098133904 |
| 5/25/2021 | 102.054117838 | 96.321932838 | 94.372066218 | 90.093258403 | 81.263709985 | 60.981132813 |
| 5/26/2021 | 103.113507108 | 97.132121123 | 95.144914984 | 90.777980516 | 81.796130087 | 60.868473934 |
| 5/27/2021 | 104.235334071 | 98.237331219 | 96.292198351 | 91.894485759 | 83.182940358 | 61.865638966 |
| 5/28/2021 | 104.980015285 | 99.004584756 | 97.025394811 | 92.56196217 | 83.559750679 | 61.949528801 |
| 5/29/2021 | 104.52949817 | 98.57949865 | 96.604345854 | 92.11215477 | 83.376238795 | 61.858573232 |
| 5/30/2021 | 102.551954678 | 96.567359028 | 94.630668918 | 90.191248452 | 81.607452403 | 59.793575379 |
| 5/31/2021 | 105.92827779 | 99.87678629 | 97.917695888 | 93.477660684 | 84.811080555 | 62.756371873 |
| 6/1/2021 | 106.575137124 | 100.309011986 | 98.351627442 | 93.922561754 | 85.123909988 | 63.05751097 |
| 6/2/2021 | 106.57546892 | 100.321647432 | 98.381215487 | 93.960456944 | 84.906670611 | 62.877308716 |
| 6/3/2021 | 107.228936743 | 100.898080189 | 98.939691358 | 94.43365854 | 85.09560561 | 62.931175197 |
| 6/4/2021 | 107.445057217 | 101.146850966 | 99.219526098 | 94.669538145 | 85.136153761 | 62.951076945 |
| 6/5/2021 | 107.754353108 | 101.333611431 | 99.405520439 | 94.845103798 | 85.272915634 | 62.973937179 |
| 6/6/2021 | 108.226577929 | 101.75915476 | 99.841612916 | 95.244986597 | 85.545965872 | 63.071896583 |
| 6/7/2021 | 107.701636616 | 101.225493176 | 99.334468318 | 94.668945824 | 85.237154951 | 62.923334311 |
| 6/8/2021 | 108.408503704 | 101.865477212 | 99.947821586 | 95.276925306 | 85.641390064 | 63.058353356 |
| 6/9/2021 | 108.710400423 | 101.943628686 | 100.001381813 | 95.111972125 | 85.577969005 | 63.015983844 |
| 6/10/2021 | 108.346317477 | 101.947299702 | 100.050214315 | 95.148747109 | 85.894709008 | 63.156383683 |
| 6/11/2021 | 108.151592916 | 102.337732315 | 100.446081982 | 95.450515428 | 85.811941911 | 62.948927728 |
| 6/12/2021 | 108.453617414 | 102.609547773 | 100.705062522 | 95.710402774 | 86.093775454 | 63.174486346 |
| 6/13/2021 | 108.568437466 | 102.684876245 | 100.768069769 | 95.770321172 | 86.101377576 | 62.86979344 |
| 6/14/2021 | 108.658212321 | 102.709085367 | 100.786341145 | 95.751741069 | 86.214375448 | 62.976344784 |
| 6/15/2021 | 108.819781771 | 102.905865416 | 100.988706271 | 95.838237082 | 86.328722626 | 63.087242823 |
| 6/16/2021 | 108.13870949 | 102.385775518 | 100.483336549 | 95.381481976 | 86.093918446 | 62.811745685 |
| 6/17/2021 | 108.452082613 | 102.723297975 | 100.809439617 | 95.791922934 | 86.444017484 | 63.089604061 |
| 6/18/2021 | 108.62575739 | 102.92291165 | 101.013519956 | 95.979935004 | 86.550702185 | 62.961131591 |
| 6/19/2021 | 108.938926312 | 103.282506 | 101.359682552 | 96.299268893 | 86.846427881 | 63.170881938 |
| 6/20/2021 | 109.253575122 | 103.546814861 | 101.621141834 | 96.631814546 | 86.888399935 | 62.98115115 |
| 6/21/2021 | 109.040540398 | 103.68807927 | 101.779706464 | 96.925555157 | 87.102325699 | 62.730406873 |
| 6/22/2021 | 109.81119227 | 104.436558356 | 102.521916584 | 97.669037786 | 87.8656209 | 63.191121553 |
| 6/23/2021 | 109.988364391 | 104.545327758 | 102.626352239 | 97.706305828 | 87.935950466 | 63.083426561 |
| 6/24/2021 | 110.145942975 | 104.723830752 | 102.811051525 | 97.874232629 | 87.910581564 | 63.044136728 |
| 6/25/2021 | 110.286327495 | 104.867990745 | 102.93582052 | 98.064553851 | 88.082694572 | 62.950207948 |
| 6/26/2021 | 110.638039971 | 105.198095947 | 103.276656713 | 98.327962411 | 88.281048622 | 63.104781805 |
| 6/27/2021 | 110.797062787 | 105.305727285 | 103.378072343 | 98.393767793 | 88.384743151 | 63.019316506 |
| 6/28/2021 | 110.305090393 | 104.963525774 | 103.03556844 | 98.065186204 | 87.91009507 | 63.148230862 |
| 6/29/2021 | 109.92711431 | 104.506381575 | 102.596014047 | 97.635243866 | 87.494808351 | 62.932222087 |
| 6/30/2021 | 110.428482012 | 104.902915431 | 102.980583023 | 97.831803292 | 87.647842518 | 63.186489293 |
| 7/1/2021 | 110.644773986 | 105.131202981 | 103.208338612 | 98.020564564 | 87.568439642 | 63.008540139 |
| 7/2/2021 | 111.368509052 | 105.800070962 | 103.85873355 | 98.634438723 | 87.907217389 | 63.17794582 |
| 7/3/2021 | 111.355610652 | 105.744347907 | 103.796400202 | 98.594171898 | 87.856540596 | 63.106834156 |
| 7/4/2021 | 110.836293102 | 105.201772344 | 103.265855511 | 98.080037006 | 87.297588211 | 62.59863741 |
| 7/5/2021 | 111.508081158 | 105.832852242 | 103.908003692 | 98.639547066 | 87.929513515 | 63.144877332 |
| 7/6/2021 | 111.861764464 | 106.044877992 | 104.109190124 | 98.847378574 | 88.070658908 | 63.062886157 |
| 7/7/2021 | 111.719093001 | 105.880019917 | 103.956649721 | 98.703512932 | 87.94303076 | 62.893748617 |
| 7/8/2021 | 112.207884723 | 106.392272665 | 104.446093827 | 99.188229029 | 88.267903215 | 63.07223708 |
| 7/9/2021 | 112.189534455 | 106.356195166 | 104.420245269 | 99.116266416 | 88.409774311 | 63.114140399 |
| 7/10/2021 | 112.301586325 | 106.480944533 | 104.540337336 | 99.261866882 | 88.505125651 | 63.176009188 |
| 7/11/2021 | 112.096348461 | 106.282890315 | 104.347523347 | 99.04404324 | 88.265127127 | 62.964366865 |
| 7/12/2021 | 112.435996555 | 106.616052478 | 104.664572613 | 99.375242764 | 88.872762536 | 63.054698514 |
| 7/13/2021 | 112.225981615 | 106.43126793 | 104.491582193 | 99.230943298 | 88.929598566 | 63.163827905 |
| 7/14/2021 | 112.183785699 | 106.395503752 | 104.3869532 | 99.110982924 | 88.409139386 | 63.06798672 |
| 7/15/2021 | 112.959684195 | 107.314748888 | 105.309767239 | 100.0315094 | 88.777420277 | 63.096500854 |
| 7/16/2021 | 112.164487306 | 106.888128418 | 104.88462627 | 99.643261952 | 88.574547798 | 62.885530808 |
| 7/17/2021 | 112.630383283 | 107.341288862 | 105.319119959 | 100.044400716 | 88.80878737 | 63.015621694 |
| 7/18/2021 | 113.008912573 | 107.707243076 | 105.67581076 | 100.370134613 | 89.058812572 | 63.068616735 |
| 7/19/2021 | 112.751884038 | 107.479459521 | 105.451680669 | 100.204837806 | 89.01488451 | 63.024765263 |
| 7/20/2021 | 112.847220609 | 107.689985647 | 105.649629567 | 100.426353511 | 89.102364577 | 63.026308064 |
| 7/21/2021 | 113.312574286 | 108.122827573 | 106.092155734 | 100.823680801 | 89.350066559 | 63.063447391 |
| 7/22/2021 | 113.201870935 | 108.013063109 | 105.979081656 | 100.707454545 | 89.177922017 | 62.991766528 |
| 7/23/2021 | 113.519746399 | 108.306187958 | 106.266783639 | 100.958642712 | 89.254198805 | 63.058236641 |
| 7/24/2021 | 113.751512844 | 108.496126557 | 106.450120148 | 101.149622409 | 89.34017132 | 63.048924683 |
| 7/25/2021 | 114.246306304 | 108.954291352 | 106.873464509 | 101.562569138 | 89.550848945 | 63.085443207 |
| 7/26/2021 | 113.972175794 | 108.76725552 | 106.754475404 | 101.451520083 | 89.556875578 | 63.310758965 |
| 7/27/2021 | 114.555871024 | 109.276489498 | 107.242519585 | 101.876182478 | 89.689192505 | 63.175363017 |
| 7/28/2021 | 114.157317511 | 108.918302869 | 106.881103438 | 101.515128177 | 89.264211128 | 62.750837856 |
| 7/29/2021 | 114.37924694 | 109.135903621 | 107.094286071 | 101.681020694 | 89.451116129 | 63.110070063 |
| 7/30/2021 | 114.958513548 | 109.645111448 | 107.581514398 | 102.16686999 | 89.694007517 | 63.041272483 |
| 7/31/2021 | 114.382059081 | 109.095767714 | 107.055282261 | 101.650913436 | 89.422242496 | 62.913519682 |
| 8/1/2021 | 114.332800407 | 109.082837524 | 107.046100486 | 101.626584145 | 89.632345458 | 63.111329329 |
| 8/2/2021 | 114.496712343 | 109.178437147 | 107.13076017 | 101.683239742 | 89.544774287 | 62.970599321 |
| 8/3/2021 | 114.858687673 | 109.47069491 | 107.412024051 | 101.929834067 | 89.898512388 | 63.325161015 |
| 8/4/2021 | 112.969243352 | 107.632618718 | 105.575639583 | 100.187620768 | 88.228662697 | 61.509320964 |
| 8/5/2021 | 113.518439218 | 108.168400832 | 106.118231861 | 100.654061718 | 88.638257041 | 61.911374134 |
| 8/6/2021 | 113.916736134 | 108.492892364 | 106.419079562 | 100.956380228 | 88.76033235 | 61.983710067 |
| 8/7/2021 | 115.185686387 | 109.672529252 | 107.589477066 | 102.092699775 | 89.829856263 | 62.954824975 |
| 8/8/2021 | 115.232516152 | 109.726250841 | 107.675788407 | 102.100215043 | 89.952997003 | 63.000118604 |
| 8/9/2021 | 115.314195837 | 109.830065981 | 107.739020012 | 102.184886717 | 89.986735561 | 63.223470401 |
| 8/10/2021 | 114.849120771 | 109.298267803 | 107.206509597 | 101.627726243 | 89.475658761 | 62.8287813 |
| 8/11/2021 | 114.915352146 | 109.265545318 | 107.172275764 | 101.575754589 | 89.58385515 | 63.024069244 |
| 8/12/2021 | 115.101242238 | 109.412846464 | 107.287140285 | 101.653449755 | 89.611373223 | 62.98077061 |
| 8/13/2021 | 114.916652564 | 109.23477139 | 107.116395685 | 101.43493121 | 89.398684966 | 62.876084465 |
| 8/14/2021 | 115.942719311 | 110.217006906 | 108.100865345 | 102.412239441 | 90.385517361 | 63.910666099 |
| 8/15/2021 | 116.101062335 | 110.346270813 | 108.234163418 | 102.486871202 | 90.438188641 | 63.979324865 |
| 8/16/2021 | 115.957965356 | 110.140936432 | 107.998909211 | 102.255887881 | 90.344821148 | 63.891978393 |
| 8/17/2021 | 115.893097006 | 110.162117314 | 107.985058515 | 102.252606558 | 90.399398591 | 63.997805657 |
| 8/18/2021 | 116.112220298 | 110.290162005 | 108.074195972 | 102.317911665 | 90.32262796 | 64.018055373 |
| 8/19/2021 | 116.724093146 | 110.83215859 | 108.541020716 | 102.744084376 | 90.587906061 | 64.44100304 |
| 8/20/2021 | 116.840547196 | 111.018978876 | 108.752332248 | 103.002345863 | 90.820672459 | 64.978412053 |
| 8/21/2021 | 116.848872168 | 111.042522465 | 108.773765825 | 102.994353657 | 90.754817073 | 64.934271797 |
| 8/22/2021 | 118.426899871 | 112.545996939 | 110.245641973 | 104.40879756 | 92.129632268 | 66.272977848 |
| 8/23/2021 | 116.04041489 | 110.138234123 | 107.84356403 | 102.053412956 | 89.747571096 | 63.90873479 |
| 8/24/2021 | 118.043035869 | 112.107038468 | 109.810115131 | 104.009173213 | 91.877108588 | 66.034091408 |
| 8/25/2021 | 117.921583051 | 112.012424281 | 109.688211946 | 103.915779915 | 91.774554803 | 65.904446199 |
| 8/26/2021 | 117.86954339 | 111.958312455 | 109.613655632 | 103.836292809 | 91.613661301 | 65.657929345 |
| 8/27/2021 | 118.327395222 | 112.373681083 | 110.017602947 | 104.176472148 | 91.929799674 | 65.958003563 |
| 8/28/2021 | 118.388492894 | 112.46532133 | 110.101062205 | 104.27749808 | 92.01640966 | 65.923502825 |
| 8/29/2021 | 118.416551814 | 112.519676111 | 110.160523951 | 104.309964391 | 92.063512359 | 66.006517601 |
| 8/30/2021 | 118.327441828 | 112.49916533 | 110.117927848 | 104.288523867 | 92.039175703 | 65.82391107 |
| 8/31/2021 | 118.746137912 | 112.802924747 | 110.397310458 | 104.513884932 | 92.233375004 | 66.011851298 |
| 9/1/2021 | 118.844437695 | 112.868496549 | 110.446503862 | 104.572415482 | 92.025865648 | 65.941541201 |
| 9/2/2021 | 119.916065624 | 114.036696223 | 111.611901509 | 105.552331168 | 93.041594486 | 66.833879851 |
| 9/3/2021 | 120.072729243 | 114.142593642 | 111.715643869 | 105.621419334 | 93.0572816 | 66.790375967 |
| 9/4/2021 | 120.148701938 | 114.195530786 | 111.749321271 | 105.646540656 | 93.0129091 | 66.672507998 |
| 9/5/2021 | 121.284494676 | 115.295780264 | 112.848266647 | 106.703000562 | 94.176356144 | 67.895375504 |
| 9/6/2021 | 123.363896288 | 117.341183881 | 114.872023295 | 108.680906154 | 96.104878914 | 69.864278305 |
| 9/7/2021 | 123.8919396 | 117.924442552 | 115.450678473 | 109.223728178 | 96.614376521 | 69.97322293 |
| 9/8/2021 | 124.295336364 | 118.322422608 | 115.857450665 | 109.601132016 | 96.866331907 | 70.111598944 |
| 9/9/2021 | 124.624250346 | 118.289106934 | 115.801589506 | 109.540601358 | 96.897537884 | 70.12898685 |
| 9/10/2021 | 123.767035282 | 117.751850856 | 115.2074234 | 109.066152181 | 96.610702384 | 69.795323991 |
| 9/11/2021 | 124.277813275 | 118.244855977 | 115.665720166 | 109.365907859 | 96.851692215 | 70.032849738 |
| 9/12/2021 | 124.838173648 | 118.765854004 | 116.185204277 | 109.811459611 | 97.328768537 | 70.612031723 |
| 9/13/2021 | 124.25856676 | 118.142086779 | 115.555187934 | 109.224162883 | 96.760907959 | 70.038560517 |
| 9/14/2021 | 124.553725968 | 118.363549874 | 115.762106289 | 109.465572795 | 96.708485049 | 70.076309715 |
| 9/15/2021 | 124.458135406 | 118.235008336 | 115.632145472 | 109.334256924 | 96.607185626 | 69.93862462 |
| 9/16/2021 | 124.71090697 | 118.415754123 | 115.803665777 | 109.479118316 | 96.670818123 | 69.98220003 |
| 9/17/2021 | 125.204038736 | 118.867459234 | 116.226869426 | 109.861846657 | 96.976641267 | 70.174334237 |
| 9/18/2021 | 125.12140264 | 118.808640621 | 116.173340231 | 109.818766605 | 96.940691166 | 70.015235376 |
| 9/19/2021 | 125.361943512 | 119.02219918 | 116.379462433 | 110.00912847 | 97.069709565 | 70.108343196 |
| 9/20/2021 | 124.416091708 | 118.175606038 | 115.53643226 | 109.502878963 | 96.623077291 | 69.871703564 |
| 9/21/2021 | 124.1910986 | 117.950019246 | 115.325204368 | 109.294787865 | 96.402377743 | 69.287490621 |
| 9/22/2021 | 125.4207471 | 119.008626782 | 116.361479513 | 110.331923875 | 97.365865103 | 69.907631689 |
| 9/23/2021 | 126.074250771 | 119.601991064 | 116.931899967 | 110.822792592 | 97.647651961 | 69.946573386 |
| 9/24/2021 | 126.805366941 | 120.26063413 | 117.587978142 | 111.528137881 | 97.906999278 | 69.85774863 |
| 9/25/2021 | 127.48117417 | 120.88349721 | 118.202130225 | 112.111736724 | 98.386330445 | 70.054808089 |
| 9/26/2021 | 127.95425496 | 121.33448071 | 118.650743924 | 112.54787684 | 98.74926519 | 70.10580068 |
| 9/27/2021 | 126.583164605 | 120.043908037 | 117.413838109 | 111.272318828 | 97.875740073 | 69.485866569 |
| 9/28/2021 | 126.590629118 | 120.171337331 | 117.51885479 | 111.368587272 | 97.931014455 | 69.634978801 |
| 9/29/2021 | 127.645889408 | 121.255767181 | 118.557536681 | 112.34217695 | 98.839135128 | 70.102596934 |
| 9/30/2021 | 127.409518518 | 121.053552911 | 118.364375787 | 112.128884918 | 99.031282867 | 69.992056832 |
| 10/1/2021 | 127.500306636 | 121.17829391 | 118.491898916 | 112.256292598 | 99.108616312 | 70.015122208 |
| 10/2/2021 | 127.582435281 | 121.239476169 | 118.552776189 | 112.336977238 | 99.246950526 | 70.062366514 |
| 10/3/2021 | 127.962848045 | 121.511152979 | 118.818174072 | 112.522891774 | 99.394701085 | 70.007067954 |
| 10/4/2021 | 127.925608471 | 121.41578793 | 118.713810166 | 112.403220008 | 99.337100927 | 69.988876615 |
| 10/5/2021 | 128.165628148 | 121.553431071 | 118.849785371 | 112.524746324 | 99.49267772 | 70.016488356 |
| 10/6/2021 | 128.598467595 | 121.892100112 | 119.187436884 | 112.757950831 | 99.568890229 | 69.869779436 |
| 10/7/2021 | 128.788422352 | 122.155840167 | 119.44689374 | 112.992930287 | 99.92166046 | 69.993136119 |
| 10/8/2021 | 129.002892079 | 122.292687662 | 119.567339989 | 113.062188768 | 99.919115895 | 69.990607181 |
| 10/9/2021 | 129.242048954 | 122.47261142 | 119.737500917 | 113.180122206 | 100.041325642 | 69.983929234 |
| 10/10/2021 | 129.293263585 | 122.527140242 | 119.802484667 | 113.250506316 | 100.099331438 | 69.943671855 |
| 10/11/2021 | 129.91325182 | 123.082253285 | 120.330900557 | 113.728283606 | 100.459230058 | 70.109599654 |
| 10/12/2021 | 129.45321707 | 122.53172214 | 119.792750621 | 113.171601302 | 99.999405767 | 69.974500398 |
| 10/13/2021 | 129.585614891 | 122.533518385 | 119.785906363 | 113.115280562 | 100.05659778 | 70.053065061 |
| 10/14/2021 | 129.858530579 | 122.728593522 | 119.999288682 | 113.215380041 | 99.943458221 | 69.920586623 |
| 10/15/2021 | 130.076677676 | 122.992718275 | 120.242525634 | 113.217245135 | 99.98468842 | 69.917776949 |
| 10/16/2021 | 130.084819611 | 122.969356693 | 120.223313543 | 113.175690833 | 100.005328519 | 70.049029312 |
| 10/17/2021 | 129.965909766 | 122.809669294 | 120.063563926 | 113.019136864 | 99.925129656 | 70.05362654 |
| 10/18/2021 | 129.773324338 | 122.61358318 | 119.867337375 | 112.819732082 | 99.679239959 | 69.881185596 |
| 10/19/2021 | 129.721544557 | 122.379719909 | 119.621545707 | 112.656979819 | 99.518892703 | 70.122191304 |
| 10/20/2021 | 130.296772078 | 122.75824842 | 120.006960802 | 112.852762673 | 99.531199106 | 69.849206114 |
| 10/21/2021 | 129.988749956 | 122.437787714 | 119.693336123 | 112.31140599 | 99.331658361 | 69.709955828 |
| 10/22/2021 | 130.593859461 | 122.986930522 | 120.219933369 | 112.78630249 | 99.820135723 | 70.108991569 |
| 10/23/2021 | 130.820140564 | 123.149838413 | 120.378319223 | 112.94282707 | 99.927250167 | 70.186160865 |
| 10/24/2021 | 130.747396661 | 123.105783636 | 120.324657265 | 112.949345977 | 99.982702155 | 70.160358178 |
| 10/25/2021 | 130.801977396 | 123.062135852 | 120.266666016 | 112.90688003 | 99.941950159 | 70.113875757 |
| 10/26/2021 | 130.277792478 | 122.440134992 | 119.640344269 | 112.3008258 | 99.488606698 | 69.861220417 |
| 10/27/2021 | 130.959984383 | 122.94115296 | 120.183142798 | 112.57911614 | 99.770280138 | 69.934140365 |
| 10/28/2021 | 131.44890064 | 123.328221248 | 120.551038152 | 112.929055818 | 99.881979623 | 70.00082176 |
| 10/29/2021 | 131.916700252 | 123.838301783 | 121.053178007 | 113.366014779 | 100.116078548 | 69.962407729 |
| 10/30/2021 | 132.294473939 | 124.444777388 | 121.629914931 | 113.804982898 | 100.347380569 | 69.993404783 |
| 10/31/2021 | 132.078979011 | 124.195628596 | 121.396511017 | 113.603181615 | 99.979067853 | 69.826936783 |
| 11/1/2021 | 133.595346443 | 125.695020075 | 122.871810009 | 115.039122374 | 101.295250165 | 70.930221493 |
| 11/2/2021 | 134.71588987 | 126.691941692 | 123.853829837 | 116.009156253 | 101.734756783 | 71.145351347 |
| 11/3/2021 | 134.684998779 | 126.596276155 | 123.749707549 | 115.902614341 | 101.674090786 | 70.977945105 |
| 11/4/2021 | 136.05508411 | 127.796711431 | 124.928231663 | 117.08473921 | 102.958685613 | 72.140622479 |
| 11/5/2021 | 137.507674549 | 129.172353549 | 126.279123804 | 118.094413446 | 104.161970708 | 73.137648749 |
| 11/6/2021 | 137.35035445 | 128.984676906 | 126.096287702 | 117.92611038 | 104.356510927 | 73.097571514 |
| 11/7/2021 | 138.639275919 | 130.0618126 | 127.155095462 | 119.038104996 | 105.3386923 | 74.224624799 |
| 11/8/2021 | 137.568110264 | 128.928479045 | 126.027009973 | 117.626255139 | 103.991342257 | 72.860880749 |
| 11/9/2021 | 140.082699158 | 131.307603405 | 128.398575805 | 119.755847377 | 106.288187897 | 74.912215157 |
| 11/10/2021 | 140.26918328 | 131.510134928 | 128.209887067 | 119.590628494 | 106.495926526 | 75.202049668 |
| 11/11/2021 | 140.006244621 | 131.224360239 | 127.481492681 | 118.916163934 | 106.016655511 | 74.87882388 |
| 11/12/2021 | 141.121428663 | 132.133080972 | 127.926253517 | 119.275045939 | 106.518588521 | 75.238622435 |
| 11/13/2021 | 141.531385278 | 132.367631055 | 127.720720993 | 119.16104267 | 106.346724314 | 75.138988476 |
| 11/14/2021 | 142.768958552 | 133.429351553 | 128.309287565 | 119.744353655 | 106.858689723 | 75.38024061 |
| 11/15/2021 | 142.591218353 | 133.347487105 | 127.81878026 | 119.302515182 | 106.423945234 | 74.967718528 |
| 11/16/2021 | 143.591219659 | 134.082824391 | 128.205224882 | 119.696904729 | 106.734482956 | 75.009964844 |
| 11/17/2021 | 144.943768026 | 135.348444221 | 129.097706403 | 120.541184598 | 107.208857251 | 75.341792409 |
| 11/18/2021 | 144.614705397 | 135.161021251 | 128.570180843 | 120.051987272 | 106.950919428 | 75.015941748 |
| 11/19/2021 | 146.569532859 | 136.866502297 | 129.882784382 | 121.194394733 | 107.988647693 | 75.439302058 |
| 11/20/2021 | 147.21559814 | 137.392047212 | 130.131724557 | 121.398049946 | 108.04725719 | 75.25619454 |
| 11/21/2021 | 147.096286948 | 137.282208456 | 130.050742426 | 121.3108566 | 107.972851995 | 75.054979306 |
| 11/22/2021 | 146.692395626 | 136.925362513 | 129.744485447 | 121.112268021 | 107.866112911 | 74.847084671 |
| 11/23/2021 | 147.150766659 | 137.293739435 | 130.066989357 | 121.331714069 | 108.396674397 | 74.93942079 |
| 11/24/2021 | 147.565099194 | 137.485634399 | 130.243858699 | 121.482897934 | 108.500373019 | 74.873684383 |
| 11/25/2021 | 148.38755609 | 138.326160345 | 131.051269698 | 122.279537488 | 109.400672959 | 75.681352562 |
| 11/26/2021 | 149.04417877 | 138.854661755 | 131.505335373 | 122.839181616 | 110.056882227 | 75.843057112 |
| 11/27/2021 | 149.409646661 | 139.250872719 | 131.855744102 | 123.193934235 | 110.250180883 | 75.905328676 |
| 11/28/2021 | 149.572022229 | 139.329701461 | 131.841535929 | 123.109067554 | 110.162092547 | 75.755462921 |
| 11/29/2021 | 149.005093475 | 138.665146817 | 131.129542656 | 122.395420518 | 109.275105092 | 74.800689026 |
| 11/30/2021 | 149.695654405 | 139.213708392 | 131.510260206 | 122.690032556 | 109.331019769 | 74.712745205 |
| 12/1/2021 | 150.41466906 | 139.842028773 | 132.140292741 | 123.227570217 | 109.682911076 | 74.843243888 |
| 12/2/2021 | 150.288962076 | 139.763554767 | 131.984244974 | 123.110436345 | 109.526639062 | 74.656497733 |
| 12/3/2021 | 152.04887027 | 141.675072441 | 133.787011437 | 124.87114713 | 111.11887909 | 75.864516437 |
| 12/4/2021 | 153.254353989 | 143.018150267 | 134.999982752 | 126.083499063 | 112.452516354 | 76.882559866 |
| 12/5/2021 | 154.076774293 | 143.707120795 | 135.53649504 | 126.534268946 | 112.999751378 | 76.92980881 |
| 12/6/2021 | 154.829879831 | 144.467853346 | 136.227912513 | 127.28968423 | 113.939462993 | 77.811508661 |
| 12/7/2021 | 155.656159095 | 145.102718296 | 136.740162919 | 127.76267334 | 114.195995626 | 77.94051729 |
| 12/8/2021 | 153.723419597 | 143.151113248 | 134.667643612 | 125.691505322 | 112.014445245 | 75.81484618 |
| 12/9/2021 | 156.052402441 | 145.094212637 | 136.543620663 | 127.621373454 | 113.886672205 | 77.678568398 |
| 12/10/2021 | 156.153178115 | 145.229531463 | 136.624713166 | 127.802296949 | 114.018235158 | 77.550051411 |
| 12/11/2021 | 156.841242823 | 145.893243973 | 137.258704743 | 128.341718496 | 114.489308689 | 77.836768453 |
| 12/12/2021 | 156.936006122 | 145.974081843 | 137.333965597 | 128.42630569 | 114.579455223 | 77.778710158 |
| 12/13/2021 | 156.80649076 | 145.86455891 | 137.175284296 | 128.32554117 | 114.466463407 | 77.631518009 |
| 12/14/2021 | 158.711743217 | 147.770126641 | 138.971859426 | 130.133392106 | 116.033075098 | 78.994476494 |
| 12/15/2021 | 158.770226363 | 147.765342997 | 138.963544545 | 130.102016505 | 115.905706343 | 78.846468586 |
| 12/16/2021 | 158.63491065 | 147.623398608 | 138.848259541 | 129.971174914 | 115.872917213 | 78.783903829 |
| 12/17/2021 | 159.104938561 | 147.998457208 | 139.180055506 | 130.260873338 | 115.910969143 | 78.699383385 |
| 12/18/2021 | 159.707984275 | 148.414581954 | 139.486102737 | 130.536513948 | 116.132997108 | 78.819021502 |
| 12/19/2021 | 159.416144418 | 148.137547213 | 139.171923309 | 130.271827345 | 115.972244293 | 78.719046042 |
| 12/20/2021 | 160.97602317 | 149.670958166 | 140.43695874 | 131.391507135 | 116.721450982 | 79.072092746 |
| 12/21/2021 | 161.372171215 | 149.825306704 | 140.452352595 | 131.450003336 | 116.836734128 | 79.008436978 |
| 12/22/2021 | 159.988942485 | 148.400544706 | 138.880665642 | 129.854172142 | 115.160500271 | 77.431794733 |
| 12/23/2021 | 160.614359954 | 148.922876717 | 139.257819386 | 130.215976315 | 115.528740644 | 77.558039056 |
| 12/24/2021 | 160.970217787 | 149.206821601 | 139.379810998 | 130.358189463 | 115.40768991 | 77.563463351 |
| 12/25/2021 | 160.858004066 | 149.001149579 | 139.079411562 | 130.058542259 | 115.174209212 | 77.416695334 |
| 12/26/2021 | 162.099922364 | 150.169598419 | 140.185291368 | 131.123166293 | 116.219935534 | 78.473589769 |
| 12/27/2021 | 162.052534738 | 150.314352599 | 140.271387235 | 131.248278135 | 116.201363513 | 78.371305928 |
| 12/28/2021 | 162.088229276 | 150.296761077 | 140.213047399 | 131.202505315 | 116.118752043 | 78.36264525 |
| 12/29/2021 | 161.97137478 | 150.201647469 | 140.108478856 | 131.152419201 | 116.36793356 | 78.504742204 |
| 12/30/2021 | 163.252729891 | 151.393749812 | 141.238217351 | 132.267187349 | 117.522794875 | 79.432557845 |
| 12/31/2021 | 162.611970589 | 150.757685809 | 140.629767358 | 131.690094104 | 117.250144333 | 79.214085647 |
| 1/1/2022 | 167.708417109 | 155.784718206 | 145.561632442 | 136.531003475 | 121.982314201 | 79.221440895 |
| 1/2/2022 | 166.810518156 | 154.855501496 | 144.683245858 | 135.647823581 | 121.174597599 | 78.519284091 |
| 1/3/2022 | 167.069940019 | 154.993181584 | 144.71371524 | 135.632436439 | 121.187022796 | 78.463706371 |
| 1/4/2022 | 167.083670758 | 155.013484044 | 144.67500911 | 135.580970864 | 121.176129822 | 78.39902067 |
| 1/5/2022 | 168.021666224 | 156.004681095 | 145.559277787 | 136.476977669 | 122.037924122 | 79.010451803 |
| 1/6/2022 | 167.845518247 | 155.86804989 | 145.404122407 | 136.423526854 | 121.98289942 | 78.731693917 |
| 1/7/2022 | 167.655314002 | 155.697001985 | 145.215062999 | 136.174131173 | 121.983695483 | 78.66291712 |
| 1/8/2022 | 167.082299132 | 155.265019646 | 144.835828653 | 135.852707512 | 121.672624237 | 78.115986493 |
| 1/9/2022 | 166.99993184 | 155.053473861 | 144.628277681 | 135.671998743 | 121.675138448 | 78.013315604 |
| 1/10/2022 | 168.245393519 | 156.219035317 | 145.682888635 | 136.662692138 | 122.586739762 | 78.567706013 |
| 1/11/2022 | 168.464130299 | 156.395250256 | 145.832942591 | 136.813397455 | 122.747798909 | 78.58793373 |
| 1/12/2022 | 169.355886058 | 157.271361095 | 146.691571705 | 137.596895031 | 123.39561931 | 78.558341157 |
| 1/13/2022 | 169.598224376 | 157.419586738 | 146.799814147 | 137.656800998 | 123.36017438 | 78.314622138 |
| 1/14/2022 | 169.88722916 | 157.762974346 | 147.123786369 | 138.005573013 | 123.710385848 | 78.534580154 |
| 1/15/2022 | 170.037319395 | 157.785878016 | 147.114729907 | 137.949705712 | 123.549021352 | 78.306182759 |
| 1/16/2022 | 170.431153975 | 158.244193218 | 147.549754805 | 138.292159624 | 123.865821247 | 78.447166988 |
| 1/17/2022 | 171.003540503 | 158.842281825 | 148.047899276 | 138.699961673 | 124.35724324 | 78.610157322 |
| 1/18/2022 | 170.526026655 | 158.409160721 | 147.649500072 | 138.319452595 | 124.131525278 | 78.385189731 |
| 1/19/2022 | 171.094991342 | 158.766699803 | 147.973131803 | 138.606161633 | 124.301665173 | 78.299194807 |
| 1/20/2022 | 171.809312132 | 159.291963527 | 148.419778635 | 139.001885953 | 124.726173518 | 78.288450521 |
| 1/21/2022 | 170.991327172 | 158.987279616 | 148.066941153 | 138.878040356 | 124.650151547 | 78.087291157 |
| 1/22/2022 | 173.153840559 | 161.405900646 | 150.326947557 | 141.168389142 | 126.801725199 | 78.645401451 |
| 1/23/2022 | 172.52420933 | 160.854517619 | 149.789649241 | 140.615663196 | 126.513623452 | 78.308599642 |
| 1/24/2022 | 173.700868424 | 162.161624508 | 150.910716622 | 141.580556952 | 127.356105659 | 79.08111216 |
| 1/25/2022 | 173.56993634 | 162.106004403 | 150.880183205 | 141.617983663 | 127.266638244 | 78.381038515 |
| 1/26/2022 | 174.7073504 | 163.367205419 | 152.093018382 | 142.7199322 | 128.084512599 | 78.881207485 |
| 1/27/2022 | 174.989238997 | 164.454515668 | 153.159940182 | 143.955753019 | 128.994725358 | 79.272790832 |
| 1/28/2022 | 173.576762784 | 163.31988917 | 152.103356025 | 143.01246328 | 128.040028366 | 78.392905111 |
| 1/29/2022 | 174.405640492 | 164.05021901 | 152.734742651 | 143.58051618 | 128.592186269 | 78.614214636 |
| 1/30/2022 | 173.964843247 | 163.611386697 | 152.317607956 | 143.176797018 | 128.174649874 | 78.344633253 |
| 1/31/2022 | 174.439924085 | 163.967202473 | 152.693424693 | 143.524939325 | 128.162290075 | 78.189041987 |
| 2/1/2022 | 174.988078945 | 164.414553598 | 153.120711979 | 143.910640923 | 128.417540022 | 78.129638659 |
| 2/2/2022 | 175.614717441 | 165.095986559 | 153.76368483 | 144.581201821 | 128.764928659 | 78.189170812 |
| 2/3/2022 | 176.564357276 | 165.957800167 | 154.624006104 | 145.4130582 | 129.158079338 | 78.173472467 |
| 2/4/2022 | 178.071677301 | 167.445510737 | 156.102590169 | 146.833504455 | 130.180360441 | 78.49485629 |
| 2/5/2022 | 176.968091417 | 166.330181501 | 155.035232153 | 145.713409439 | 129.146528042 | 78.098419342 |
| 2/6/2022 | 177.463292356 | 166.792487704 | 155.454039766 | 146.086798338 | 129.445003722 | 78.19101228 |
| 2/7/2022 | 177.682451443 | 167.091742254 | 155.836171229 | 146.361318638 | 129.529661036 | 78.19802261 |
| 2/8/2022 | 178.453277731 | 167.8835199 | 156.601524119 | 146.914413913 | 129.82225001 | 78.153756696 |
| 2/9/2022 | 179.008376036 | 168.429372648 | 157.143725428 | 147.381933627 | 130.073997603 | 78.104522393 |
| 2/10/2022 | 179.978485089 | 169.396488429 | 158.122496046 | 148.303404846 | 130.801538723 | 78.645367858 |
| 2/11/2022 | 180.57388234 | 169.968598887 | 158.580806786 | 148.743666731 | 130.938478952 | 78.671184184 |
| 2/12/2022 | 180.560765086 | 169.952822549 | 158.52397428 | 148.685311517 | 131.070351872 | 78.688251091 |
| 2/13/2022 | 180.763378922 | 170.179260773 | 158.66250813 | 148.825867908 | 131.211800097 | 78.727491533 |
| 2/14/2022 | 180.577438132 | 170.067412085 | 158.505320823 | 148.694507518 | 131.155095505 | 78.649751658 |
| 2/15/2022 | 181.189744837 | 170.617273549 | 158.953497146 | 149.009291384 | 131.134619045 | 78.588216526 |
| 2/16/2022 | 181.126789971 | 170.700483015 | 158.973036713 | 149.086682545 | 131.3230186 | 78.792364015 |
| 2/17/2022 | 181.430428788 | 170.994673296 | 159.151559672 | 149.378580088 | 131.3906512 | 78.856527589 |
| 2/18/2022 | 181.841759862 | 171.374451918 | 159.351087315 | 149.582685589 | 131.353570028 | 78.760444315 |
| 2/19/2022 | 182.844107011 | 172.352442337 | 160.225617624 | 150.4079523 | 132.137872791 | 79.323933939 |
| 2/20/2022 | 182.414780452 | 171.988518526 | 159.852347631 | 150.088620638 | 132.013747178 | 79.24588832 |
| 2/21/2022 | 182.730197953 | 172.353995303 | 160.118417792 | 150.404265536 | 132.338821463 | 79.543397991 |
| 2/22/2022 | 183.036641917 | 172.674818605 | 160.341950137 | 150.634742512 | 132.15530708 | 79.340029396 |
| 2/23/2022 | 183.409542532 | 173.067155249 | 160.62146909 | 150.964564113 | 132.68255599 | 79.785993458 |
| 2/24/2022 | 183.916842066 | 173.586675366 | 161.005881529 | 151.609352581 | 133.016693751 | 79.723619291 |
| 2/25/2022 | 183.376070792 | 172.894627743 | 160.206416441 | 150.999492206 | 132.900212876 | 79.671989976 |
| 2/26/2022 | 184.125703086 | 173.634071311 | 160.804567639 | 151.551995519 | 133.368051023 | 79.876330282 |
| 2/27/2022 | 184.843051462 | 174.289795829 | 161.273003113 | 152.013427024 | 133.757371994 | 80.056936322 |
| 2/28/2022 | 184.215559983 | 173.665889967 | 160.644244754 | 151.396370529 | 133.031479364 | 79.546229975 |
| 3/1/2022 | 184.326263311 | 173.804271782 | 160.672912325 | 151.399315438 | 132.939891755 | 79.37716975 |
| 3/2/2022 | 184.550832209 | 174.070630016 | 160.744045254 | 151.557628903 | 133.394891889 | 79.952581892 |
| 3/3/2022 | 184.332747846 | 173.916487777 | 160.447200633 | 151.250896587 | 133.059039106 | 79.681343752 |
| 3/4/2022 | 184.281446883 | 173.796073361 | 160.146696123 | 150.849299721 | 132.820858768 | 79.967015588 |
| 3/5/2022 | 184.511042737 | 174.019307197 | 160.297229151 | 150.998433023 | 132.996674626 | 79.992861379 |
| 3/6/2022 | 184.696322232 | 174.232732044 | 160.388906301 | 150.979854224 | 132.970824125 | 80.167859615 |
| 3/7/2022 | 183.677079149 | 173.16958568 | 159.370913926 | 149.93646338 | 132.01012802 | 79.901321802 |
| 3/8/2022 | 184.269472388 | 173.739011493 | 159.668296952 | 150.336339505 | 132.480954329 | 80.0839404 |
| 3/9/2022 | 184.621457348 | 174.043067391 | 159.859256246 | 150.484085676 | 132.440970872 | 80.059723281 |
| 3/10/2022 | 185.06615301 | 174.491920111 | 160.06260623 | 150.692610109 | 132.675260367 | 80.121412741 |
| 3/11/2022 | 185.028785444 | 174.468107582 | 159.867647885 | 150.48551546 | 132.517121353 | 80.098386875 |
| 3/12/2022 | 185.280724562 | 174.672357703 | 159.967649359 | 150.555921065 | 132.553416465 | 80.113754857 |
| 3/13/2022 | 185.506791483 | 174.880871907 | 160.132256384 | 150.709896772 | 132.673936171 | 80.18638118 |
| 3/14/2022 | 185.292583247 | 174.648276337 | 159.868590634 | 150.488795502 | 132.529082007 | 80.048684548 |
| 3/15/2022 | 185.217356592 | 174.657625678 | 159.669980522 | 150.331673493 | 132.380921998 | 80.08407024 |
| 3/16/2022 | 185.435928334 | 174.7707409 | 159.68712153 | 150.297101428 | 132.46712399 | 80.154613074 |
| 3/17/2022 | 186.152919434 | 175.513487422 | 160.251378037 | 150.840809375 | 133.087532808 | 80.253502143 |
| 3/18/2022 | 186.744925442 | 176.072898846 | 160.728236734 | 151.265557271 | 133.47884011 | 80.638895127 |
| 3/19/2022 | 186.947425725 | 176.288144442 | 160.86734333 | 151.39857074 | 133.619232232 | 80.759114699 |
| 3/20/2022 | 187.202582896 | 176.57036638 | 161.079334657 | 151.550909102 | 133.765819193 | 80.803658691 |
| 3/21/2022 | 187.16646853 | 176.536792304 | 160.937822997 | 151.415126812 | 133.724422729 | 80.742375395 |
| 3/22/2022 | 186.923249539 | 176.321035452 | 160.591078665 | 151.103460153 | 133.438890182 | 80.81389028 |
| 3/23/2022 | 186.289092792 | 175.746250309 | 159.953691566 | 150.508908562 | 132.871759229 | 80.617717555 |
| 3/24/2022 | 186.552920744 | 176.10321198 | 160.288881689 | 151.001599218 | 133.410458638 | 80.896455674 |
| 3/25/2022 | 186.12450656 | 175.880372712 | 159.91983586 | 150.657955293 | 133.098872549 | 81.269316709 |
| 3/26/2022 | 186.354108967 | 176.098964893 | 159.991350665 | 150.762601848 | 133.196130565 | 81.265468997 |
| 3/27/2022 | 186.256901284 | 175.997826586 | 159.875240421 | 150.656949076 | 133.115100366 | 81.0975129 |
| 3/28/2022 | 186.094692638 | 175.951065772 | 159.79753044 | 150.609091995 | 133.160757885 | 81.163679752 |
| 3/29/2022 | 186.947925516 | 176.669852595 | 160.418510689 | 151.233852974 | 133.6970061 | 81.643742495 |
| 3/30/2022 | 187.757020478 | 177.466935719 | 161.0911103 | 151.877061031 | 134.423040723 | 81.880807976 |
| 3/31/2022 | 187.283380699 | 177.073823305 | 160.736307108 | 151.516656228 | 134.211007966 | 82.111240613 |
| 4/1/2022 | 188.040903766 | 177.827304869 | 161.350875994 | 152.144659346 | 134.369534787 | 82.128838509 |
| 4/2/2022 | 187.705914673 | 177.551046374 | 161.029564077 | 151.936203429 | 134.265851355 | 82.243436567 |
| 4/3/2022 | 187.660846218 | 177.531976583 | 160.964613767 | 151.883825063 | 134.12738016 | 82.445457405 |
| 4/4/2022 | 187.444740252 | 177.480545909 | 160.866731834 | 151.788584576 | 134.130693506 | 82.498155772 |
| 4/5/2022 | 187.529370798 | 177.353011989 | 160.635486123 | 151.58122617 | 133.680138287 | 82.48476106 |
| 4/6/2022 | 186.649164368 | 176.58600002 | 159.859809026 | 150.882245939 | 133.225775621 | 82.403860025 |
| 4/7/2022 | 186.747058777 | 176.607243622 | 159.855941286 | 150.89427133 | 133.269223903 | 82.527394584 |
| 4/8/2022 | 187.049589458 | 176.919187446 | 160.087678036 | 151.030566114 | 133.413023832 | 82.652739236 |
| 4/9/2022 | 187.449985041 | 177.33326411 | 160.573233564 | 151.538209021 | 133.558498431 | 82.660624852 |
| 4/10/2022 | 187.448775106 | 177.361278604 | 160.564892668 | 151.525457464 | 133.614275358 | 82.791093566 |
| 4/11/2022 | 186.65149213 | 176.616263717 | 159.795067021 | 150.980977703 | 133.231291484 | 82.713451635 |
| 4/12/2022 | 186.940216987 | 176.8982066 | 159.91177181 | 151.12541043 | 133.438992705 | 83.007878594 |
| 4/13/2022 | 186.454107833 | 176.468202729 | 159.433217285 | 150.686991516 | 133.221939888 | 82.866510722 |
| 4/14/2022 | 186.524548762 | 176.512128271 | 159.328117052 | 150.509178861 | 133.096641103 | 82.897672411 |
| 4/15/2022 | 186.498221933 | 176.474444739 | 159.144109103 | 150.350412606 | 132.941782111 | 82.80917008 |
| 4/16/2022 | 186.495929582 | 176.473689114 | 159.022985864 | 150.229814507 | 132.822591876 | 82.877296154 |
| 4/17/2022 | 186.63298236 | 176.631558274 | 159.076665937 | 150.306255847 | 132.926141221 | 82.885160812 |
| 4/18/2022 | 186.422412903 | 176.428166489 | 158.744505954 | 150.009041348 | 132.676462165 | 82.857636762 |
| 4/19/2022 | 186.608299739 | 176.669275143 | 158.840518848 | 150.146139928 | 132.748369908 | 82.759364479 |
| 4/20/2022 | 186.751354543 | 176.76606977 | 158.800169216 | 150.078543217 | 132.825272422 | 83.021462214 |
| 4/21/2022 | 187.151664776 | 177.153996103 | 159.108470067 | 150.402470397 | 133.000665538 | 83.171627191 |
| 4/22/2022 | 187.482067634 | 177.496349523 | 159.358590318 | 150.654433942 | 133.053234254 | 83.194560472 |
| 4/23/2022 | 187.7172393 | 177.72417032 | 159.520398426 | 150.803688506 | 133.239122844 | 83.28288623 |
| 4/24/2022 | 187.551784598 | 177.580886588 | 159.341873122 | 150.637420214 | 133.112226982 | 83.239619633 |
| 4/25/2022 | 187.596840725 | 177.653772157 | 159.34581867 | 150.681822015 | 132.981005519 | 83.153178313 |
| 4/26/2022 | 187.120418033 | 177.174806591 | 158.727508498 | 150.079788302 | 132.516758039 | 83.256289983 |
| 4/27/2022 | 187.035535144 | 176.902247492 | 158.431923834 | 149.831791073 | 132.413875178 | 83.141483801 |
| 4/28/2022 | 186.938516915 | 176.793118566 | 158.330245047 | 149.755068264 | 132.421324684 | 83.110772708 |
| 4/29/2022 | 187.372369127 | 177.186680881 | 158.703979073 | 150.186103276 | 132.488080662 | 83.330923492 |
| 4/30/2022 | 187.637761543 | 177.510402564 | 158.925490899 | 150.456827345 | 132.776990269 | 83.697405339 |
| 5/1/2022 | 187.438180137 | 177.320672641 | 158.732804345 | 150.289069279 | 132.581076205 | 83.382381193 |
| 5/2/2022 | 187.16824629 | 177.055996922 | 158.411542924 | 150.069069534 | 132.251140004 | 83.19093132 |
| 5/3/2022 | 187.233875609 | 177.161686206 | 158.462790276 | 150.162933847 | 132.284262993 | 83.331768886 |
| 5/4/2022 | 186.794853448 | 176.711801061 | 157.988203713 | 149.789753021 | 131.932843584 | 83.158740796 |
| 5/5/2022 | 187.001855731 | 176.931850127 | 158.242122325 | 150.019663571 | 132.104117762 | 83.302209355 |
| 5/6/2022 | 186.218989285 | 176.077475139 | 157.307003237 | 149.141526759 | 131.651802739 | 83.348085462 |
| 5/7/2022 | 186.002222945 | 175.94521757 | 157.336554872 | 149.353517003 | 131.863205056 | 83.491763869 |
| 5/8/2022 | 180.555499207 | 170.612206641 | 156.561201511 | 149.004284865 | 131.748352818 | 83.2463187 |
| 5/9/2022 | 177.523702564 | 167.825637581 | 156.001163029 | 148.837825633 | 131.586937066 | 83.173635948 |
| 5/10/2022 | 176.555069636 | 167.008057282 | 155.232496133 | 148.250063193 | 131.142816673 | 82.690895711 |
| 5/11/2022 | 160.603842579 | 152.147246127 | 152.147246127 | 145.970489839 | 129.182458101 | 79.485744715 |
| 5/12/2022 | 160.354512284 | 152.313486062 | 152.313486062 | 146.305679609 | 129.182458101 | 79.485744715 |
| 5/13/2022 | 159.06185905 | 151.154367359 | 151.154367359 | 145.128994165 | 127.516648806 | 76.73459314 |
| 5/14/2022 | 158.509009632 | 150.57308587 | 150.57308587 | 144.564794719 | 126.806321074 | 75.698673625 |
| 5/15/2022 | 158.571232459 | 150.661032408 | 150.661032408 | 144.612339249 | 126.864647142 | 75.711756793 |
| 5/16/2022 | 159.91982775 | 151.808357134 | 151.808357134 | 145.783973445 | 127.773442111 | 75.711756793 |
| 5/17/2022 | 158.772996436 | 150.75331093 | 150.75331093 | 144.625852616 | 126.417496736 | 74.158117512 |
| 5/18/2022 | 159.002574539 | 151.081906277 | 151.081906277 | 144.97816834 | 126.54405157 | 74.167175832 |
| 5/19/2022 | 159.658733614 | 151.6821214 | 151.6821214 | 145.471477037 | 126.91576396 | 74.18120462 |
| 5/20/2022 | 158.922215443 | 150.93208805 | 150.93208805 | 144.789723349 | 126.220350592 | 73.255957132 |
| 5/21/2022 | 158.98578226 | 150.981721415 | 150.981721415 | 144.856100297 | 126.273104144 | 73.221020878 |
| 5/22/2022 | 159.082735724 | 150.990633559 | 150.990633559 | 144.853913539 | 126.337453506 | 73.235565369 |
| 5/23/2022 | 159.172075624 | 151.059659803 | 151.059659803 | 144.890674891 | 126.54668335 | 73.228235215 |
| 5/24/2022 | 159.330216378 | 151.147393328 | 151.147393328 | 144.971656258 | 126.635255265 | 73.228235215 |
| 5/25/2022 | 159.475954983 | 151.309841696 | 151.309841696 | 145.136193482 | 126.655338497 | 73.227243445 |
| 5/26/2022 | 159.101095502 | 150.900895758 | 150.900895758 | 144.703143578 | 126.433187368 | 73.23259434 |
| 5/27/2022 | 158.653343075 | 150.449634404 | 150.449634404 | 144.235325167 | 126.074033818 | 72.499738788 |
| 5/28/2022 | 158.831713973 | 150.609285591 | 150.609285591 | 144.372032849 | 126.202101315 | 72.504086805 |
| 5/29/2022 | 158.722366977 | 150.468215239 | 150.468215239 | 144.227079304 | 126.254061435 | 72.535836322 |
| 5/30/2022 | 159.245690374 | 150.552099364 | 150.552099364 | 144.257214995 | 126.284937318 | 72.524933627 |
| 5/31/2022 | 159.808625965 | 151.08438597 | 151.08438597 | 144.713405476 | 126.511297867 | 72.526132987 |
| 6/1/2022 | 160.766074123 | 151.950599208 | 151.950599208 | 145.554930703 | 127.412469109 | 72.600188405 |
| 6/2/2022 | 159.886216888 | 151.169629799 | 151.169629799 | 144.761539063 | 126.684607882 | 72.528608901 |
| 6/3/2022 | 159.87566694 | 151.129552579 | 151.129552579 | 144.698097612 | 126.641393883 | 72.530075149 |
| 6/4/2022 | 159.815671578 | 151.078231369 | 151.078231369 | 144.660235686 | 126.596189784 | 72.519092421 |
| 6/5/2022 | 159.826376621 | 151.090796672 | 151.090796672 | 144.655037723 | 126.599952673 | 72.522497401 |
| 6/6/2022 | 159.721998594 | 150.876932092 | 150.876932092 | 144.416206354 | 126.171920136 | 72.41095766 |
| 6/7/2022 | 159.603555848 | 150.761900229 | 150.761900229 | 144.256074 | 126.23878558 | 72.41095766 |
| 6/8/2022 | 159.573144405 | 150.757208311 | 150.757208311 | 144.176883505 | 126.227208401 | 72.425196492 |
| 6/9/2022 | 159.643965485 | 150.838569582 | 150.838569582 | 144.255729886 | 126.335617368 | 72.492367357 |
| 6/10/2022 | 159.194203476 | 150.367857945 | 150.367857945 | 143.702455292 | 125.670673433 | 72.49935497 |
| 6/11/2022 | 158.911598038 | 150.107812638 | 150.107812638 | 143.481558223 | 125.56555678 | 72.466892931 |
| 6/12/2022 | 158.623423487 | 149.919163562 | 149.919163562 | 143.31481146 | 125.55452903 | 72.291494924 |
| 6/13/2022 | 157.345982939 | 148.928913953 | 148.928913953 | 142.463992837 | 124.860234655 | 71.503808611 |
| 6/14/2022 | 156.402874919 | 147.961232598 | 147.961232598 | 141.59700256 | 124.162321723 | 70.822047451 |
| 6/15/2022 | 155.605640467 | 147.405532445 | 147.405532445 | 141.119818172 | 123.478146011 | 69.96716646 |
| 6/16/2022 | 155.10500153 | 146.892346081 | 146.892346081 | 140.64546864 | 123.06370782 | 69.174473605 |
| 6/17/2022 | 154.554823401 | 146.548795895 | 146.548795895 | 140.175698252 | 122.570322325 | 68.176552326 |
| 6/18/2022 | 154.633950129 | 146.682139385 | 146.682139385 | 140.396262705 | 122.794782825 | 68.13009145 |
| 6/19/2022 | 154.402525105 | 146.540326456 | 146.540326456 | 140.250622401 | 123.054984092 | 67.863629322 |
| 6/20/2022 | 153.749260232 | 145.874316534 | 145.874316534 | 139.588041233 | 122.39810274 | 67.447252726 |
| 6/21/2022 | 153.867092232 | 145.886231106 | 145.886231106 | 139.561485008 | 122.034000765 | 66.939363765 |
| 6/22/2022 | 153.835401382 | 145.956714747 | 145.956714747 | 139.625033666 | 122.084514538 | 66.962042573 |
| 6/23/2022 | 153.441113601 | 145.540732804 | 145.540732804 | 139.21182133 | 121.811980629 | 66.948998007 |
| 6/24/2022 | 153.441306944 | 145.556718197 | 145.556718197 | 139.229814048 | 121.783078826 | 66.841870663 |
| 6/25/2022 | 153.650753546 | 145.766447897 | 145.766447897 | 139.418394075 | 121.964162128 | 66.847066311 |
| 6/26/2022 | 153.645990293 | 145.799824801 | 145.799824801 | 139.470676492 | 122.016962875 | 66.856688413 |
| 6/27/2022 | 153.408414349 | 145.371930847 | 145.371930847 | 139.036083397 | 121.536755939 | 66.824445663 |
| 6/28/2022 | 153.340747689 | 145.354358592 | 145.354358592 | 139.103763018 | 121.626708337 | 66.791194933 |
| 6/29/2022 | 153.232636064 | 145.288585641 | 145.288585641 | 138.962789789 | 121.328308682 | 66.463748713 |
| 6/30/2022 | 153.093528743 | 145.205649423 | 145.205649423 | 138.884683828 | 121.269625817 | 66.279904942 |
| 7/1/2022 | 153.815878209 | 145.884041778 | 145.884041778 | 139.482511854 | 121.598100819 | 66.63356359 |
| 7/2/2022 | 153.780119126 | 145.930667301 | 145.930667301 | 139.517297563 | 121.645180226 | 66.637843079 |
| 7/3/2022 | 153.656014459 | 145.805699818 | 145.805699818 | 139.374866501 | 121.496365416 | 66.494818098 |
| 7/4/2022 | 153.692641211 | 145.838752963 | 145.838752963 | 139.395034048 | 121.586053433 | 66.451169903 |
| 7/5/2022 | 153.5963991 | 145.866266071 | 145.866266071 | 139.434053203 | 121.5470726 | 66.45165594 |
| 7/6/2022 | 153.348143748 | 145.622771092 | 145.622771092 | 139.196207108 | 121.298687566 | 66.446520644 |
| 7/7/2022 | 153.103741385 | 145.42757289 | 145.42757289 | 138.972972583 | 121.063727549 | 66.405902703 |
| 7/8/2022 | 153.253510616 | 145.588118921 | 145.588118921 | 139.124077379 | 121.175280645 | 66.471001674 |
| 7/9/2022 | 153.273739585 | 145.492703399 | 145.492703399 | 139.006207879 | 121.057183312 | 66.432311434 |
| 7/10/2022 | 153.152856952 | 145.556591609 | 145.556591609 | 139.12468215 | 121.1589182 | 66.46538477 |
| 7/11/2022 | 153.320636452 | 145.73380865 | 145.73380865 | 139.273028767 | 121.18716877 | 66.46538477 |
| 7/12/2022 | 153.016345552 | 145.43185772 | 145.43185772 | 139.024133464 | 121.049292874 | 66.426423702 |
| 7/13/2022 | 153.021656096 | 145.437681024 | 145.437681024 | 138.969382674 | 120.935390953 | 66.355380035 |
| 7/14/2022 | 153.095446789 | 145.491347743 | 145.491347743 | 138.993112776 | 120.852892721 | 66.317932148 |
| 7/15/2022 | 152.543665233 | 144.936728908 | 144.936728908 | 138.395403371 | 120.400793824 | 66.317932148 |
| 7/16/2022 | 152.60535862 | 145.006758718 | 145.006758718 | 138.415991975 | 120.42268617 | 66.349450274 |
| 7/17/2022 | 152.701019593 | 145.099108712 | 145.099108712 | 138.386189286 | 120.394747191 | 66.356009511 |
| 7/18/2022 | 152.953387404 | 145.348114959 | 145.348114959 | 138.57823212 | 120.3888715 | 66.333085532 |
| 7/19/2022 | 152.864427415 | 145.197876579 | 145.197876579 | 138.386168509 | 120.293300294 | 66.320333624 |
| 7/20/2022 | 153.062284587 | 145.350330099 | 145.350330099 | 138.510969118 | 120.496868497 | 66.3236516 |
| 7/21/2022 | 153.010023723 | 145.303517867 | 145.303517867 | 138.49648323 | 120.532751233 | 66.286857515 |
| 7/22/2022 | 153.141520801 | 145.458498001 | 145.458498001 | 138.590003182 | 120.559715658 | 66.292926498 |
| 7/23/2022 | 153.246882595 | 145.578425156 | 145.578425156 | 138.658417677 | 120.677014555 | 66.292365071 |
| 7/24/2022 | 153.231282623 | 145.559887207 | 145.559887207 | 138.647443627 | 120.670537341 | 66.296026642 |
| 7/25/2022 | 153.206612462 | 145.517514636 | 145.517514636 | 138.640246407 | 120.598234392 | 66.29200156 |
| 7/26/2022 | 153.127643381 | 145.43510584 | 145.43510584 | 138.551334142 | 120.692187599 | 66.310813115 |
| 7/27/2022 | 153.203248059 | 145.428160077 | 145.428160077 | 138.501828116 | 120.630012592 | 66.285540449 |
| 7/28/2022 | 153.009687579 | 145.194558754 | 145.194558754 | 138.206612666 | 120.278592746 | 66.382124061 |
| 7/29/2022 | 153.126442224 | 145.322038302 | 145.322038302 | 138.304764118 | 120.356699415 | 66.507130316 |
| 7/30/2022 | 153.133491897 | 145.280949157 | 145.280949157 | 138.280633385 | 120.334238078 | 66.651173201 |
| 7/31/2022 | 153.132537507 | 145.301887649 | 145.301887649 | 138.326967785 | 120.378941318 | 66.651613631 |
| 8/1/2022 | 153.46610126 | 145.550937794 | 145.550937794 | 138.56161136 | 120.5497759 | 66.759079429 |
| 8/2/2022 | 153.398224035 | 145.51077609 | 145.51077609 | 138.523931736 | 120.506259376 | 66.871041771 |
| 8/3/2022 | 153.365825239 | 145.528248709 | 145.528248709 | 138.583962793 | 120.561087275 | 66.870806792 |
| 8/4/2022 | 153.286414303 | 145.448561607 | 145.448561607 | 138.42903209 | 120.416595414 | 66.936675543 |
| 8/5/2022 | 153.449971058 | 145.605105325 | 145.605105325 | 138.566814665 | 120.550519687 | 66.929805958 |
| 8/6/2022 | 153.471920247 | 145.630918403 | 145.630918403 | 138.548816864 | 120.532512514 | 66.929805958 |
| 8/7/2022 | 153.389565149 | 145.533817145 | 145.533817145 | 138.526409389 | 120.508427616 | 66.91797772 |
| 8/8/2022 | 153.158655712 | 145.287225845 | 145.287225845 | 138.248108284 | 120.344892022 | 66.917222982 |
| 8/9/2022 | 153.237997585 | 145.218690984 | 145.218690984 | 138.144729115 | 120.302244743 | 66.963249874 |
| 8/10/2022 | 153.479460887 | 145.400603848 | 145.400603848 | 138.288337931 | 120.404204127 | 67.208611295 |
| 8/11/2022 | 153.424520174 | 145.348201669 | 145.348201669 | 138.34021524 | 120.421036809 | 67.359349669 |
| 8/12/2022 | 153.256354612 | 145.163778616 | 145.163778616 | 138.329658738 | 120.593980714 | 67.504940563 |
| 8/13/2022 | 153.492810777 | 145.410613496 | 145.410613496 | 138.56057376 | 120.826169889 | 67.744701896 |
| 8/14/2022 | 152.87567713 | 144.91585281 | 144.91585281 | 138.107174937 | 120.288518864 | 67.42902681 |
| 8/15/2022 | 153.180200295 | 145.217764703 | 145.217764703 | 138.421318631 | 120.374829461 | 67.581103763 |
| 8/16/2022 | 153.061507197 | 145.176821468 | 145.176821468 | 138.402679604 | 120.328480421 | 67.569730696 |
| 8/17/2022 | 153.031599742 | 145.160038912 | 145.160038912 | 138.42890851 | 120.048458695 | 67.551075729 |
| 8/18/2022 | 152.837936729 | 144.986293271 | 144.986293271 | 138.290110888 | 119.654858655 | 67.550349634 |
| 8/19/2022 | 152.765836019 | 144.843227528 | 144.843227528 | 138.195199992 | 119.276661045 | 67.548288243 |
| 8/20/2022 | 152.679507657 | 144.761492621 | 144.761492621 | 138.172598072 | 119.244965021 | 67.554275317 |
| 8/21/2022 | 152.632174252 | 144.836785891 | 144.836785891 | 138.27884007 | 119.365733415 | 67.546502387 |
| 8/22/2022 | 152.431272437 | 144.705109511 | 144.705109511 | 138.176074306 | 119.0597086 | 67.538125618 |
| 8/23/2022 | 152.552954492 | 144.788948255 | 144.788948255 | 138.279326855 | 119.158671982 | 67.538558573 |
| 8/24/2022 | 152.588367444 | 144.804730065 | 144.804730065 | 138.308075714 | 119.070943865 | 67.551360806 |
| 8/25/2022 | 152.602321846 | 144.840933502 | 144.840933502 | 138.329076432 | 119.015830205 | 67.637693999 |
| 8/26/2022 | 152.689543503 | 144.913209765 | 144.913209765 | 138.421748952 | 119.033922738 | 67.548174005 |
| 8/27/2022 | 152.757946697 | 144.96254709 | 144.96254709 | 138.486513703 | 119.093510576 | 67.554399518 |
| 8/28/2022 | 152.536540923 | 144.744926463 | 144.744926463 | 138.273150576 | 119.033858921 | 67.545982884 |
| 8/29/2022 | 152.687597261 | 144.889847714 | 144.889847714 | 138.407179516 | 119.119043463 | 67.548911675 |
| 8/30/2022 | 153.011972783 | 145.207045774 | 145.207045774 | 138.69339121 | 119.233832088 | 67.5528133 |
| 8/31/2022 | 152.801687437 | 145.052839139 | 145.052839139 | 138.541153359 | 119.142130392 | 67.55158289 |
| 9/1/2022 | 152.742764036 | 144.959736385 | 144.959736385 | 138.41093415 | 118.899954282 | 67.551756492 |
| 9/2/2022 | 152.547312247 | 144.802200545 | 144.802200545 | 138.259439383 | 118.703946045 | 67.55012517 |
| 9/3/2022 | 152.568416935 | 144.816981504 | 144.816981504 | 138.282865209 | 118.727204281 | 67.552573842 |
| 9/4/2022 | 152.425669093 | 144.65808104 | 144.65808104 | 138.209988204 | 118.771969065 | 67.549551675 |
| 9/5/2022 | 152.322978188 | 144.574705172 | 144.574705172 | 138.153458144 | 118.719586249 | 67.542196487 |
| 9/6/2022 | 152.334156156 | 144.58931022 | 144.58931022 | 138.181846705 | 118.452944181 | 67.547079304 |
| 9/7/2022 | 152.436205772 | 144.700554379 | 144.700554379 | 138.296840972 | 118.590035444 | 67.547199534 |
| 9/8/2022 | 152.587584773 | 144.870197085 | 144.870197085 | 138.460082782 | 118.548151756 | 67.550159729 |
| 9/9/2022 | 152.698173168 | 145.024027387 | 145.024027387 | 138.614535659 | 118.610001643 | 67.556610985 |
| 9/10/2022 | 152.821429441 | 145.137320735 | 145.137320735 | 138.701911609 | 118.695846937 | 67.676845587 |
| 9/11/2022 | 152.81121201 | 145.12454985 | 145.12454985 | 138.683716992 | 118.680015915 | 67.742707863 |
| 9/12/2022 | 152.758270933 | 145.167498362 | 145.167498362 | 138.749309179 | 118.626457201 | 67.821638257 |
| 9/13/2022 | 152.770660137 | 145.174960311 | 145.174960311 | 138.78154757 | 118.577507914 | 67.898772162 |
| 9/14/2022 | 152.39994625 | 144.867353664 | 144.867353664 | 138.485318826 | 117.967422308 | 67.883041497 |
| 9/15/2022 | 152.167643107 | 144.631002119 | 144.631002119 | 138.259253725 | 117.593500392 | 67.923689321 |
| 9/16/2022 | 152.012990527 | 144.483285632 | 144.483285632 | 138.109005474 | 117.451946486 | 67.923585946 |
| 9/17/2022 | 152.091833785 | 144.532497178 | 144.532497178 | 138.097594263 | 117.440389853 | 67.920776064 |
| 9/18/2022 | 152.030918693 | 144.508488314 | 144.508488314 | 138.081656182 | 117.424597194 | 67.923585944 |
| 9/19/2022 | 152.174478344 | 144.695812734 | 144.695812734 | 138.31593891 | 117.297003032 | 67.956589961 |
| 9/20/2022 | 152.429866351 | 144.901573264 | 144.901573264 | 138.483859207 | 117.470245382 | 67.966594001 |
| 9/21/2022 | 152.27479079 | 144.736720792 | 144.736720792 | 138.326233964 | 117.289154241 | 67.975491267 |
| 9/22/2022 | 152.272071895 | 144.719157638 | 144.719157638 | 138.250961153 | 117.186833842 | 67.951949274 |
| 9/23/2022 | 152.068972649 | 144.542223596 | 144.542223596 | 138.062748889 | 117.024811276 | 67.949388004 |
| 9/24/2022 | 152.025635498 | 144.502309292 | 144.502309292 | 138.033186103 | 116.998846624 | 67.950359007 |
| 9/25/2022 | 151.745109576 | 144.261705861 | 144.261705861 | 137.793614901 | 116.759275422 | 67.952625135 |
| 9/26/2022 | 151.000773419 | 144.101152804 | 144.101152804 | 137.6398205 | 116.589192923 | 67.951354338 |
| 9/27/2022 | 150.890506699 | 143.968635532 | 143.968635532 | 137.519964095 | 116.471185882 | 67.950364285 |
| 9/28/2022 | 150.391568555 | 143.642053496 | 143.642053496 | 137.236023403 | 116.157996993 | 67.947676809 |
| 9/29/2022 | 149.901844531 | 143.159873275 | 143.159873275 | 136.749036989 | 115.858076119 | 67.954353699 |
| 9/30/2022 | 148.650611365 | 141.869169692 | 141.869169692 | 135.459224895 | 114.567876366 | 67.948542706 |
| 10/1/2022 | 148.659139253 | 141.861364554 | 141.861364554 | 135.45530088 | 114.562920561 | 67.949182064 |
| 10/2/2022 | 148.688342912 | 141.890610545 | 141.890610545 | 135.516073728 | 114.624886266 | 67.944572025 |
| 10/3/2022 | 148.468347585 | 141.670705068 | 141.670705068 | 135.343061559 | 114.458332305 | 67.947697335 |
| 10/4/2022 | 148.434513775 | 141.612367922 | 141.612367922 | 135.266011291 | 114.077570678 | 68.074624852 |
| 10/5/2022 | 148.50467271 | 141.68314809 | 141.68314809 | 135.346099713 | 113.953767999 | 68.218492035 |
| 10/6/2022 | 148.546357673 | 141.722862638 | 141.722862638 | 135.394096771 | 113.76599616 | 68.226676713 |
| 10/7/2022 | 148.710398727 | 141.846370145 | 141.846370145 | 135.533599393 | 113.755350274 | 68.328206686 |
| 10/8/2022 | 148.720981814 | 141.860571521 | 141.860571521 | 135.547495005 | 113.768198722 | 68.376959555 |
| 10/9/2022 | 148.704718543 | 141.753911044 | 141.753911044 | 135.448332046 | 113.763996766 | 68.37529892 |
| 10/10/2022 | 148.507125496 | 141.557562915 | 141.557562915 | 135.278114794 | 113.738285437 | 68.420214759 |
| 10/11/2022 | 148.39963009 | 141.449814755 | 141.449814755 | 135.204055892 | 113.668743881 | 68.415641082 |
| 10/12/2022 | 147.889083101 | 140.925920379 | 140.925920379 | 134.724641352 | 113.506974423 | 68.415978378 |
| 10/13/2022 | 147.464873676 | 140.530379349 | 140.530379349 | 134.494800166 | 113.124956443 | 68.414880928 |
| 10/14/2022 | 147.047495594 | 140.183925603 | 140.183925603 | 134.151698956 | 112.773784099 | 68.427706686 |
| 10/15/2022 | 147.032603098 | 140.166582888 | 140.166582888 | 134.149595475 | 112.769396961 | 68.432883242 |
| 10/16/2022 | 146.960036708 | 140.07835429 | 140.07835429 | 134.057080069 | 112.766862906 | 68.432359085 |
| 10/17/2022 | 146.761721512 | 139.865079644 | 139.865079644 | 133.862850316 | 112.548205311 | 68.437706685 |
| 10/18/2022 | 146.667793287 | 139.817822072 | 139.817822072 | 133.905861292 | 112.336643069 | 68.451542494 |
| 10/19/2022 | 146.577673488 | 139.730303231 | 139.730303231 | 133.8541408 | 112.139282067 | 68.453576637 |
| 10/20/2022 | 146.172050658 | 139.379588179 | 139.379588179 | 133.583957079 | 111.700419445 | 68.447806562 |
| 10/21/2022 | 145.971639325 | 139.167143513 | 139.167143513 | 133.418085199 | 111.647581301 | 68.448256112 |
| 10/22/2022 | 146.032131404 | 139.234206099 | 139.234206099 | 133.479570392 | 111.707368214 | 68.452258966 |
| 10/23/2022 | 146.065224959 | 139.262702132 | 139.262702132 | 133.477053873 | 111.710036651 | 68.448613412 |
| 10/24/2022 | 145.740151758 | 139.166080361 | 139.166080361 | 133.382761302 | 111.602847821 | 68.478655756 |
| 10/25/2022 | 145.621510855 | 139.016073721 | 139.016073721 | 133.22607447 | 111.649955751 | 68.511756739 |
| 10/26/2022 | 145.812378623 | 139.184522557 | 139.184522557 | 133.391281281 | 111.90543994 | 68.727004424 |
| 10/27/2022 | 145.733682028 | 139.111220538 | 139.111220538 | 133.314973924 | 112.084078864 | 68.892878369 |
| 10/28/2022 | 145.842030241 | 139.222230614 | 139.222230614 | 133.453425785 | 112.052721353 | 68.977692179 |
| 10/29/2022 | 145.946762849 | 139.321469212 | 139.321469212 | 133.539571446 | 112.143024173 | 69.116157095 |
| 10/30/2022 | 146.041378529 | 139.45631881 | 139.45631881 | 133.683912502 | 112.287480997 | 69.271293754 |
| 10/31/2022 | 145.619529471 | 138.994489052 | 138.994489052 | 133.311104147 | 112.163763473 | 69.415082044 |
| 11/1/2022 | 145.638941256 | 138.989233152 | 138.989233152 | 133.328118651 | 111.666360192 | 69.33854702 |
| 11/2/2022 | 145.504664442 | 138.825051379 | 138.825051379 | 133.157161811 | 111.185590811 | 69.340998807 |
| 11/3/2022 | 145.63767861 | 138.890390912 | 138.890390912 | 133.232107864 | 110.747791614 | 69.352564431 |
| 11/4/2022 | 145.815901696 | 139.011365227 | 139.011365227 | 133.319622417 | 110.771443963 | 69.354720562 |
| 11/5/2022 | 145.863437596 | 139.044681127 | 139.044681127 | 133.326894641 | 110.778697021 | 69.437661896 |
| 11/6/2022 | 146.224878452 | 139.44822552 | 139.44822552 | 133.675685497 | 111.119868491 | 69.421840658 |
| 11/7/2022 | 147.208964768 | 140.383725545 | 140.383725545 | 134.596170647 | 112.010813407 | 69.518116385 |
| 11/8/2022 | 147.501668886 | 140.727781583 | 140.727781583 | 134.973291552 | 112.010815087 | 69.877980214 |
| 11/9/2022 | 145.740771473 | 138.976599206 | 138.976599206 | 133.542745735 | 110.478550168 | 68.208873249 |
| 11/10/2022 | 146.160222574 | 139.477118108 | 139.477118108 | 134.072673953 | 110.980164445 | 68.152740757 |
| 11/11/2022 | 145.996839912 | 139.427432411 | 139.427432411 | 134.033073342 | 110.656543128 | 67.271876433 |
| 11/12/2022 | 145.284851315 | 138.660588872 | 138.660588872 | 133.2148852 | 109.840982348 | 66.345381026 |
| 11/13/2022 | 145.11613969 | 138.562815963 | 138.562815963 | 133.125010274 | 109.756293624 | 66.291749922 |
| 11/14/2022 | 144.924661729 | 138.39447507 | 138.39447507 | 132.920401191 | 109.457531469 | 65.956265903 |
| 11/15/2022 | 144.971301845 | 138.367007333 | 138.367007333 | 132.925483405 | 109.707994132 | 65.894873297 |
| 11/16/2022 | 144.549513958 | 138.123999247 | 138.123999247 | 132.694358471 | 109.637337794 | 65.875492621 |
| 11/17/2022 | 144.186191696 | 137.783284587 | 137.783284587 | 132.33105703 | 109.396286204 | 65.888679588 |
| 11/18/2022 | 144.374358607 | 137.970768511 | 137.970768511 | 132.544804874 | 109.661063634 | 65.869148638 |
| 11/19/2022 | 144.376292387 | 138.015675815 | 138.015675815 | 132.583914239 | 109.689428893 | 65.841850776 |
| 11/20/2022 | 144.437912842 | 138.036479535 | 138.036479535 | 132.6112256 | 109.718444473 | 65.796033621 |
| 11/21/2022 | 143.553164839 | 137.122735496 | 137.122735496 | 131.765757481 | 108.962474195 | 65.431303413 |
| 11/22/2022 | 143.552965529 | 137.136485887 | 137.136485887 | 131.766115933 | 108.990636084 | 65.45773574 |
| 11/23/2022 | 142.914894668 | 136.610559561 | 136.610559561 | 131.367653174 | 108.505015986 | 65.274275864 |
| 11/24/2022 | 143.164738238 | 136.86301496 | 136.86301496 | 131.600155553 | 108.733176987 | 65.302197652 |
| 11/25/2022 | 142.864309727 | 136.497309019 | 136.497309019 | 131.239478144 | 108.72753288 | 65.335566807 |
| 11/26/2022 | 143.041194562 | 136.653718841 | 136.653718841 | 131.387893318 | 108.885903885 | 65.321148012 |
| 11/27/2022 | 143.035857199 | 136.64401679 | 136.64401679 | 131.455456537 | 109.03176785 | 65.316885047 |
| 11/28/2022 | 141.99092202 | 136.093317803 | 136.093317803 | 130.897518297 | 108.512095628 | 65.326687971 |
| 11/29/2022 | 141.3579883 | 135.620001713 | 135.620001713 | 130.444157076 | 108.068794202 | 65.256715971 |
| 11/30/2022 | 141.207649637 | 135.556876979 | 135.556876979 | 130.366212943 | 108.092252346 | 65.352829103 |
| 12/1/2022 | 141.042317547 | 135.31957323 | 135.31957323 | 130.120426078 | 107.951113448 | 65.359364386 |
| 12/2/2022 | 141.306513423 | 135.565215825 | 135.565215825 | 130.342300782 | 108.176897685 | 65.443085957 |
| 12/3/2022 | 141.47693862 | 135.738199747 | 135.738199747 | 130.513814193 | 108.344496947 | 65.495531803 |
| 12/4/2022 | 141.581986645 | 135.841373347 | 135.841373347 | 130.620091787 | 108.467079849 | 65.492257484 |
| 12/5/2022 | 141.332216654 | 135.585715236 | 135.585715236 | 130.366513173 | 108.2552272 | 65.572109061 |
| 12/6/2022 | 141.192354179 | 135.455955379 | 135.455955379 | 130.285256114 | 108.217722305 | 65.675363712 |
| 12/7/2022 | 141.027867638 | 135.286352195 | 135.286352195 | 130.112832116 | 108.003641184 | 65.672735697 |
| 12/8/2022 | 140.965313395 | 135.237791278 | 135.237791278 | 130.064415364 | 107.991885537 | 65.697842712 |
| 12/9/2022 | 140.886192178 | 135.231877527 | 135.231877527 | 130.057820672 | 107.942264669 | 65.698342212 |
| 12/10/2022 | 140.932650193 | 135.282902638 | 135.282902638 | 130.103221644 | 107.988861069 | 65.698342212 |
| 12/11/2022 | 141.045993204 | 135.302297444 | 135.302297444 | 130.126008276 | 108.002091574 | 65.698342212 |
| 12/12/2022 | 140.740214484 | 135.042070377 | 135.042070377 | 129.881610924 | 107.869712649 | 65.795364654 |
| 12/13/2022 | 140.35586193 | 134.542217433 | 134.542217433 | 129.379236731 | 110.604134254 | 65.977518212 |
| 12/14/2022 | 140.142515318 | 134.380936166 | 134.380936166 | 129.22917811 | 110.657213963 | 65.967147441 |
| 12/15/2022 | 140.17175855 | 134.426715208 | 134.426715208 | 129.301658632 | 110.609047968 | 66.030168212 |
| 12/16/2022 | 139.711563406 | 133.988441543 | 133.988441543 | 128.851308187 | 110.390508494 | 66.046429818 |
| 12/17/2022 | 139.882294792 | 134.162560895 | 134.162560895 | 129.015291692 | 110.556755645 | 66.160482663 |
| 12/18/2022 | 139.904135485 | 134.189270937 | 134.189270937 | 129.040383447 | 110.580541599 | 66.155190882 |
| 12/19/2022 | 139.540042485 | 133.761971125 | 133.761971125 | 128.611117993 | 110.254078434 | 66.20334124 |
| 12/20/2022 | 139.27927894 | 133.469064318 | 133.469064318 | 128.29899467 | 110.222951619 | 66.233093212 |
| 12/21/2022 | 139.053650176 | 133.247984355 | 133.247984355 | 128.073967588 | 110.042670865 | 66.237845405 |
| 12/22/2022 | 138.911255607 | 133.131506431 | 133.131506431 | 127.967229314 | 109.975127991 | 66.23458849 |
| 12/23/2022 | 138.411229836 | 132.654590276 | 132.654590276 | 127.499122743 | 109.934921058 | 66.237795405 |
| 12/24/2022 | 138.458858988 | 132.723975082 | 132.723975082 | 127.564655895 | 110.065204923 | 66.237795405 |
| 12/25/2022 | 138.465850068 | 132.7428736 | 132.7428736 | 127.595491987 | 110.186995218 | 66.237795405 |
| 12/26/2022 | 138.449896799 | 132.731479254 | 132.731479254 | 127.594015198 | 110.275106398 | 66.240744514 |
| 12/27/2022 | 137.977932229 | 132.275691918 | 132.275691918 | 127.154363745 | 109.9552909 | 66.220423316 |
| 12/28/2022 | 137.996994035 | 132.313680826 | 132.313680826 | 127.232582853 | 110.192648418 | 66.221318672 |
| 12/29/2022 | 137.908683803 | 132.229286072 | 132.229286072 | 127.151246113 | 110.257268293 | 66.231184474 |
| 12/30/2022 | 137.781932111 | 132.101958527 | 132.101958527 | 127.039293995 | 110.32496061 | 66.223237023 |
| 12/31/2022 | 137.680217894 | 132.017417341 | 132.017417341 | 126.961366615 | 110.375864504 | 66.237201876 |
| 1/1/2023 | 137.778042129 | 132.071484655 | 132.071484655 | 127.017904858 | 110.43563876 | 66.229859346 |
| 1/2/2023 | 137.772667568 | 132.033164642 | 132.033164642 | 126.974819541 | 110.52905268 | 66.233172164 |
| 1/3/2023 | 137.440214578 | 131.670766136 | 131.670766136 | 126.612146284 | 109.988737946 | 66.23284022 |
| 1/4/2023 | 137.390684627 | 131.636328969 | 131.636328969 | 126.602410241 | 109.94809178 | 66.236484982 |
| 1/5/2023 | 137.097953127 | 131.349702846 | 131.349702846 | 126.33286002 | 109.536080153 | 66.238632792 |
| 1/6/2023 | 136.785334068 | 131.005776414 | 131.005776414 | 125.999871032 | 109.517764807 | 66.243602677 |
| 1/7/2023 | 136.923211885 | 131.141445093 | 131.141445093 | 126.091412724 | 109.641397407 | 66.247923826 |
| 1/8/2023 | 136.901522954 | 131.19889249 | 131.19889249 | 126.133027254 | 109.80392031 | 66.275348317 |
| 1/9/2023 | 136.653002138 | 130.87838893 | 130.87838893 | 125.806553542 | 109.44305252 | 66.265138847 |
| 1/10/2023 | 136.833228083 | 131.042757028 | 131.042757028 | 125.970670171 | 109.51252892 | 66.26359973 |
| 1/11/2023 | 136.899603381 | 131.086330012 | 131.086330012 | 126.026081083 | 109.642071381 | 66.265897676 |
| 1/12/2023 | 136.99999341 | 131.193927942 | 131.193927942 | 126.134787016 | 109.767638161 | 66.270292018 |
| 1/13/2023 | 136.748143209 | 130.961334809 | 130.961334809 | 125.873886974 | 109.289164667 | 66.270814051 |
| 1/14/2023 | 136.939934975 | 131.161844966 | 131.161844966 | 126.063057694 | 109.6105181 | 66.354669258 |
| 1/15/2023 | 137.114785234 | 131.330029175 | 131.330029175 | 126.225969407 | 109.845990874 | 66.37403344 |
| 1/16/2023 | 137.037094047 | 131.257780694 | 131.257780694 | 126.156672938 | 109.896290737 | 66.485923929 |
| 1/17/2023 | 136.580388846 | 130.801675139 | 130.801675139 | 125.70168086 | 109.631283807 | 66.492831604 |
| 1/18/2023 | 136.462766101 | 130.587072511 | 130.587072511 | 125.472256032 | 109.143968149 | 66.477485276 |
| 1/19/2023 | 136.414823747 | 130.539805529 | 130.539805529 | 125.427313307 | 109.035390399 | 66.476820501 |
| 1/20/2023 | 136.607237118 | 130.725502717 | 130.725502717 | 125.609103898 | 109.254241691 | 66.484133025 |
| 1/21/2023 | 136.888830019 | 130.996148856 | 130.996148856 | 125.862104021 | 109.632183832 | 66.703495301 |
| 1/22/2023 | 136.989043298 | 131.080632194 | 131.080632194 | 125.937733568 | 109.834762881 | 66.765654159 |
| 1/23/2023 | 136.826608388 | 130.88767693 | 130.88767693 | 125.742203624 | 109.903777278 | 66.847055676 |
| 1/24/2023 | 136.84775538 | 130.905630887 | 130.905630887 | 125.74822969 | 110.281378029 | 67.039191545 |
| 1/25/2023 | 137.136940958 | 131.142854687 | 131.142854687 | 125.985281595 | 110.317655861 | 67.187728354 |
| 1/26/2023 | 137.349000486 | 131.293334451 | 131.293334451 | 126.15165584 | 110.218201121 | 67.335036407 |
| 1/27/2023 | 137.176688557 | 131.111645482 | 131.111645482 | 125.980310969 | 110.166443667 | 67.517343369 |
| 1/28/2023 | 137.333734995 | 131.260148687 | 131.260148687 | 126.124604059 | 110.327770031 | 67.639905326 |
| 1/29/2023 | 137.287717208 | 131.216945815 | 131.216945815 | 126.077964788 | 110.353662844 | 67.778453765 |
| 1/30/2023 | 136.956041333 | 130.833118178 | 130.833118178 | 125.708893365 | 109.95920819 | 67.806044005 |
| 1/31/2023 | 137.035348369 | 130.905995758 | 130.905995758 | 125.794466321 | 109.682498943 | 67.798826675 |
| 2/1/2023 | 136.982974782 | 130.901264805 | 130.901264805 | 125.800725386 | 109.679116575 | 67.815863019 |
| 2/2/2023 | 137.255379996 | 131.164520322 | 131.164520322 | 126.053491235 | 109.951948786 | 68.036211442 |
| 2/3/2023 | 136.973410448 | 130.87912449 | 130.87912449 | 125.783729996 | 109.491081672 | 68.028048893 |
| 2/4/2023 | 136.996980819 | 130.899569845 | 130.899569845 | 125.797842531 | 109.507488947 | 68.071573715 |
| 2/5/2023 | 137.04150881 | 130.954436622 | 130.954436622 | 125.843621489 | 109.569626602 | 68.073000195 |
| 2/6/2023 | 136.928524759 | 130.831417785 | 130.831417785 | 125.724980786 | 109.51990033 | 68.18199016 |
| 2/7/2023 | 136.735459644 | 130.648587211 | 130.648587211 | 125.552700479 | 109.353522533 | 68.184621866 |
| 2/8/2023 | 136.605279453 | 130.485368839 | 130.485368839 | 125.385905848 | 109.192474796 | 68.178436345 |
| 2/9/2023 | 136.467812659 | 130.437334937 | 130.437334937 | 125.347792769 | 109.16990792 | 68.187940008 |
| 2/10/2023 | 136.474914398 | 130.427899611 | 130.427899611 | 125.339060888 | 109.17165034 | 68.318922892 |
| 2/11/2023 | 136.469292193 | 130.424308483 | 130.424308483 | 125.33942832 | 109.169829971 | 68.38818851 |
| 2/12/2023 | 136.413803094 | 130.371115596 | 130.371115596 | 125.28701141 | 109.121574296 | 68.412500195 |
| 2/13/2023 | 136.525991535 | 130.526241983 | 130.526241983 | 125.430705922 | 109.609693654 | 69.157627122 |
| 2/14/2023 | 136.381139741 | 130.473099519 | 130.473099519 | 125.384996312 | 110.03680478 | 69.51270964 |
| 2/15/2023 | 135.994309236 | 130.087797706 | 130.087797706 | 125.000844209 | 110.767191194 | 69.794648104 |
| 2/16/2023 | 136.123715351 | 130.123328357 | 130.123328357 | 125.030888799 | 111.308235728 | 70.153203879 |
| 2/17/2023 | 136.060747847 | 130.088057722 | 130.088057722 | 125.01642534 | 111.685743696 | 70.286590658 |
| 2/18/2023 | 136.07868469 | 130.113817337 | 130.113817337 | 125.03136024 | 111.775058259 | 70.4159051 |
| 2/19/2023 | 136.128446552 | 130.165808006 | 130.165808006 | 125.081021021 | 111.825160874 | 70.415867086 |
| 2/20/2023 | 135.793874751 | 129.816561468 | 129.816561468 | 124.72866986 | 111.909172467 | 70.436679657 |
| 2/21/2023 | 135.56268838 | 129.563924064 | 129.563924064 | 124.538746366 | 112.088465405 | 70.461120891 |
| 2/22/2023 | 135.301969139 | 129.28086563 | 129.28086563 | 124.246915137 | 112.243290653 | 70.591325939 |
| 2/23/2023 | 135.164611791 | 129.155323128 | 129.155323128 | 124.131934446 | 112.480606332 | 70.688492884 |
| 2/24/2023 | 135.155899515 | 129.001409244 | 129.001409244 | 123.977326892 | 112.831362877 | 70.791940347 |
| 2/25/2023 | 135.27604656 | 129.129044413 | 129.129044413 | 124.105636166 | 112.958844386 | 70.846363789 |
| 2/26/2023 | 135.197190975 | 129.046665078 | 129.046665078 | 124.019280369 | 113.03623931 | 70.876378483 |
| 2/27/2023 | 134.901097935 | 128.731963545 | 128.731963545 | 123.701928125 | 113.047983696 | 70.919778481 |
| 2/28/2023 | 134.760853417 | 128.530067732 | 128.530067732 | 123.506174896 | 112.960382721 | 70.968174583 |
| 3/1/2023 | 134.592910635 | 128.339015395 | 128.339015395 | 123.32669765 | 113.145128303 | 71.063250396 |
| 3/2/2023 | 134.767297665 | 128.515496085 | 128.515496085 | 123.494097804 | 113.80054167 | 71.109533437 |
| 3/3/2023 | 134.791746806 | 128.531060597 | 128.531060597 | 123.523133727 | 114.334638362 | 71.356058935 |
| 3/4/2023 | 134.882910891 | 128.611481795 | 128.611481795 | 123.595713866 | 114.662271815 | 71.438255243 |
| 3/5/2023 | 134.951094789 | 128.675884035 | 128.675884035 | 123.674331278 | 114.968293956 | 71.479265039 |
| 3/6/2023 | 134.747120874 | 128.330727484 | 128.330727484 | 123.326912124 | 114.869871579 | 71.581963508 |
| 3/7/2023 | 134.768141593 | 128.36843779 | 128.36843779 | 123.377320448 | 114.949498431 | 71.722058691 |
| 3/8/2023 | 134.665675375 | 128.324029345 | 128.324029345 | 123.34605539 | 114.921598944 | 71.725958692 |
| 3/9/2023 | 134.673141842 | 128.300959744 | 128.300959744 | 123.387528815 | 114.968320924 | 71.792276224 |
| 3/10/2023 | 134.317507443 | 127.888568042 | 127.888568042 | 122.801385384 | 114.388630951 | 72.291373373 |
| 3/11/2023 | 131.526756973 | 125.167350383 | 125.167350383 | 119.555696955 | 111.198317983 | 72.120358309 |
| 3/12/2023 | 135.067380246 | 128.218646653 | 128.218646653 | 121.893749396 | 113.424784579 | 73.283028734 |
| 3/13/2023 | 133.730469983 | 126.936150677 | 126.936150677 | 120.662292852 | 112.243688581 | 73.183773107 |
| 3/14/2023 | 132.604406746 | 125.831371576 | 125.831371576 | 119.830308191 | 111.475662245 | 73.473760305 |
| 3/15/2023 | 132.963033952 | 126.157889471 | 126.157889471 | 120.350783397 | 111.968287126 | 74.692029566 |
| 3/16/2023 | 133.058759966 | 126.25873701 | 126.25873701 | 120.68712852 | 112.386634825 | 75.614823945 |
| 3/17/2023 | 133.041147869 | 126.270017498 | 126.270017498 | 120.805490268 | 112.563066269 | 76.554536232 |
| 3/18/2023 | 133.424124103 | 126.626345531 | 126.626345531 | 121.190657336 | 112.898778793 | 76.823190941 |
| 3/19/2023 | 133.150683864 | 126.355613525 | 126.355613525 | 120.935301002 | 112.643422459 | 76.63531727 |
| 3/20/2023 | 133.460557868 | 126.705565693 | 126.705565693 | 121.29004598 | 113.033024218 | 77.694409633 |
| 3/21/2023 | 133.28257915 | 126.535985692 | 126.535985692 | 121.143671237 | 112.982076937 | 77.893564136 |
| 3/22/2023 | 133.115211393 | 126.373674361 | 126.373674361 | 121.07315933 | 112.943148661 | 78.243089847 |
| 3/23/2023 | 133.300825223 | 126.55579918 | 126.55579918 | 121.272092689 | 113.166326584 | 78.871146827 |
| 3/24/2023 | 133.606724911 | 126.832694054 | 126.832694054 | 121.568320092 | 113.470178326 | 79.568045897 |
| 3/25/2023 | 133.849402688 | 126.957064885 | 126.957064885 | 121.699518283 | 113.601376517 | 79.711413324 |
| 3/26/2023 | 132.990636954 | 126.143620266 | 126.143620266 | 120.914511549 | 112.864620876 | 79.176880832 |
| 3/27/2023 | 132.576075408 | 125.74560707 | 125.74560707 | 120.598443736 | 112.743207422 | 79.528056028 |
| 3/28/2023 | 132.205988883 | 125.386855334 | 125.386855334 | 120.268039132 | 112.527372036 | 79.593057824 |
| 3/29/2023 | 132.153546656 | 125.315963379 | 125.315963379 | 120.215221951 | 112.525365928 | 79.6335479 |
| 3/30/2023 | 132.137155473 | 125.282268598 | 125.282268598 | 120.180407661 | 112.533124809 | 79.904009619 |
| 3/31/2023 | 131.623842038 | 124.741567456 | 124.741567456 | 119.644347719 | 112.062085501 | 79.766196973 |
| 4/1/2023 | 131.550772688 | 124.656572976 | 124.656572976 | 119.557917019 | 111.983229489 | 79.766196973 |
| 4/2/2023 | 131.775259942 | 124.881654978 | 124.881654978 | 119.77236849 | 112.19768096 | 79.955101474 |
| 4/3/2023 | 132.329089105 | 124.982499013 | 124.982499013 | 119.892086367 | 112.463558914 | 80.061128106 |
| 4/4/2023 | 131.696061237 | 124.808143572 | 124.808143572 | 119.715662108 | 112.408699923 | 80.077211664 |
| 4/5/2023 | 131.630727322 | 124.726151219 | 124.726151219 | 119.642296431 | 112.473116428 | 80.180533983 |
| 4/6/2023 | 131.841928284 | 124.881115032 | 124.881115032 | 119.796046077 | 112.708242462 | 80.268223491 |
| 4/7/2023 | 131.85413758 | 124.849723778 | 124.849723778 | 119.76929228 | 112.674204916 | 80.273380845 |
| 4/8/2023 | 132.045371468 | 125.019619877 | 125.019619877 | 119.936864645 | 112.834689282 | 80.363594033 |
| 4/9/2023 | 131.732287882 | 124.715447328 | 124.715447328 | 119.646514361 | 112.551426997 | 80.203187657 |
| 4/10/2023 | 131.837840337 | 124.785356939 | 124.785356939 | 119.7292121 | 112.747998463 | 80.503925004 |
| 4/11/2023 | 131.777418183 | 124.656502677 | 124.656502677 | 119.614430607 | 112.701196445 | 80.523709558 |
| 4/12/2023 | 131.705241636 | 124.527003423 | 124.527003423 | 119.506076415 | 112.679516384 | 80.731588297 |
| 4/13/2023 | 131.822754428 | 124.572970603 | 124.572970603 | 119.562730997 | 112.80949519 | 80.999225951 |
| 4/14/2023 | 131.771785447 | 124.478659126 | 124.478659126 | 119.460411748 | 112.748394494 | 81.058254514 |
| 4/15/2023 | 131.661432438 | 124.379222608 | 124.379222608 | 119.352548944 | 112.64723031 | 80.994375051 |
| 4/16/2023 | 131.580636943 | 124.31573342 | 124.31573342 | 119.305701614 | 112.62751909 | 80.923461589 |
| 4/17/2023 | 131.464863158 | 124.203472609 | 124.203472609 | 119.321123031 | 112.647598314 | 81.133975239 |
| 4/18/2023 | 131.199211582 | 123.902660025 | 123.902660025 | 119.0423479 | 112.39306394 | 81.164195713 |
| 4/19/2023 | 131.236325798 | 123.874463327 | 123.874463327 | 119.016878935 | 112.380651281 | 81.3726897 |
| 4/20/2023 | 131.065510293 | 123.691884611 | 123.691884611 | 118.841326614 | 112.241024465 | 81.397398449 |
| 4/21/2023 | 129.853344876 | 122.511304911 | 122.511304911 | 117.712766236 | 111.243705996 | 80.620559312 |
| 4/22/2023 | 130.729140486 | 123.382419897 | 123.382419897 | 118.602441003 | 112.13984336 | 81.512950158 |
| 4/23/2023 | 130.76351319 | 123.425306666 | 123.425306666 | 118.650475589 | 112.187877946 | 81.522960158 |
| 4/24/2023 | 130.695898594 | 123.356178644 | 123.356178644 | 118.569620624 | 112.135196506 | 81.609928404 |
| 4/25/2023 | 130.527988967 | 123.258484568 | 123.258484568 | 118.473683592 | 112.114447827 | 81.566488286 |
| 4/26/2023 | 130.691907675 | 123.446406915 | 123.446406915 | 118.650123677 | 112.289244668 | 81.825900442 |
| 4/27/2023 | 130.495882441 | 123.261898307 | 123.261898307 | 118.479715768 | 112.174965074 | 81.768396221 |
| 4/28/2023 | 130.37876423 | 123.175454932 | 123.175454932 | 118.443233784 | 112.222438702 | 81.851142869 |
| 4/29/2023 | 130.319178824 | 123.116070932 | 123.116070932 | 118.383605424 | 112.162810342 | 81.779465088 |
| 4/30/2023 | 130.353853844 | 123.115839113 | 123.115839113 | 118.379562569 | 112.158767487 | 81.789475092 |
| 5/1/2023 | 130.686894463 | 122.982516078 | 122.982516078 | 118.254596088 | 112.081135782 | 81.872638699 |
| 5/2/2023 | 130.712129618 | 122.958304402 | 122.958304402 | 118.249054356 | 112.14059625 | 82.018490828 |
| 5/3/2023 | 130.306517768 | 122.78276218 | 122.78276218 | 118.097685861 | 112.088356629 | 82.057450732 |
| 5/4/2023 | 130.174276956 | 122.680764921 | 122.680764921 | 118.002065373 | 112.002947463 | 82.052222893 |
| 5/5/2023 | 130.672726667 | 123.172895297 | 123.172895297 | 118.500213433 | 112.511115565 | 82.232217802 |
| 5/6/2023 | 130.594318371 | 123.111660085 | 123.111660085 | 118.432845297 | 112.449730544 | 82.237227797 |
| 5/7/2023 | 130.427452619 | 122.939176746 | 122.939176746 | 118.254445622 | 112.265347754 | 82.058136655 |
| 5/8/2023 | 130.515355549 | 123.044715559 | 123.044715559 | 118.357873117 | 112.475682185 | 82.407679458 |
| 5/9/2023 | 130.642191116 | 123.209895778 | 123.209895778 | 118.514069847 | 112.690210519 | 82.630992515 |
| 5/10/2023 | 130.493095341 | 123.071073635 | 123.071073635 | 118.376831558 | 112.596925999 | 82.681713715 |
| 5/11/2023 | 130.415083087 | 123.011910783 | 123.011910783 | 118.33271873 | 112.60306063 | 82.795872918 |
| 5/12/2023 | 130.456667822 | 123.069189974 | 123.069189974 | 118.400202126 | 112.774451828 | 82.949452973 |
| 5/13/2023 | 130.42774162 | 123.038836019 | 123.038836019 | 118.36556128 | 112.727995184 | 82.866669088 |
| 5/14/2023 | 130.422960413 | 123.043091235 | 123.043091235 | 118.375571546 | 112.73800545 | 82.887081554 |
| 5/15/2023 | 130.334756698 | 122.880429436 | 122.880429436 | 118.212264262 | 112.629753165 | 82.892086547 |
| 5/16/2023 | 130.156483846 | 122.700515715 | 122.700515715 | 118.031849013 | 112.45984484 | 82.914914794 |
| 5/17/2023 | 129.888967707 | 122.441926406 | 122.441926406 | 117.77420747 | 112.211856917 | 82.840018135 |
| 5/18/2023 | 130.014488084 | 122.589005608 | 122.589005608 | 117.915733044 | 112.353627235 | 82.843573932 |
| 5/19/2023 | 129.888137636 | 122.494565616 | 122.494565616 | 117.83000142 | 112.312782573 | 82.8957283 |
| 5/20/2023 | 130.014069193 | 122.606918608 | 122.606918608 | 117.95885222 | 112.436033312 | 82.983629023 |
| 5/21/2023 | 129.90863082 | 122.500071614 | 122.500071614 | 117.836633456 | 112.313814548 | 82.905728289 |
| 5/22/2023 | 129.790644262 | 122.385010636 | 122.385010636 | 117.725175573 | 112.246816032 | 82.949208885 |
| 5/23/2023 | 129.719935044 | 122.308569313 | 122.308569313 | 117.672677515 | 112.255829837 | 83.096587524 |
| 5/24/2023 | 129.321977351 | 121.935788625 | 121.935788625 | 117.312207163 | 111.974330186 | 83.049248 |
| 5/25/2023 | 129.297380467 | 121.89241954 | 121.89241954 | 117.27026438 | 111.949428275 | 83.047999631 |
| 5/26/2023 | 129.28874589 | 121.880742699 | 121.880742699 | 117.262857598 | 111.970203769 | 83.098239535 |
| 5/27/2023 | 129.321217255 | 121.900484595 | 121.900484595 | 117.278186 | 111.986495615 | 83.08503992 |
| 5/28/2023 | 129.369743734 | 121.949865352 | 121.949865352 | 117.326001285 | 112.021764952 | 83.186342769 |
| 5/29/2023 | 129.354977491 | 121.885384366 | 121.885384366 | 117.263677364 | 111.970705916 | 83.078793317 |
| 5/30/2023 | 129.310935937 | 121.842446787 | 121.842446787 | 117.217975208 | 111.949170358 | 83.135276538 |
| 5/31/2023 | 129.260402687 | 121.781193287 | 121.781193287 | 117.156710785 | 111.943572852 | 83.281686114 |
| 6/1/2023 | 129.187852215 | 121.71292006 | 121.71292006 | 117.111479513 | 111.931811293 | 83.222845215 |
| 6/2/2023 | 129.222450314 | 121.739158099 | 121.739158099 | 117.147975249 | 111.98154046 | 83.211773718 |
| 6/3/2023 | 129.137756947 | 121.657089393 | 121.657089393 | 117.067590607 | 111.900556442 | 83.133645068 |
| 6/4/2023 | 129.179679309 | 121.703983893 | 121.703983893 | 117.110095324 | 111.937894125 | 83.13864506 |
| 6/5/2023 | 129.04547468 | 121.581706267 | 121.581706267 | 116.998862774 | 111.886112235 | 83.195143057 |
| 6/6/2023 | 128.900503174 | 121.412146159 | 121.412146159 | 116.842674342 | 111.830457196 | 83.264482931 |
| 6/7/2023 | 128.773481727 | 121.265077302 | 121.265077302 | 116.697020986 | 111.777946166 | 83.360868858 |
| 6/8/2023 | 128.694501969 | 121.168693004 | 121.168693004 | 116.616499606 | 111.738966236 | 83.464345326 |
| 6/9/2023 | 128.204561888 | 120.790533368 | 120.790533368 | 116.248396087 | 111.450316874 | 83.329997419 |
| 6/10/2023 | 128.34035695 | 120.943416575 | 120.943416575 | 116.399465965 | 111.602149646 | 83.427007721 |
| 6/11/2023 | 128.398226954 | 121.012675597 | 121.012675597 | 116.466083015 | 111.663205723 | 83.432012721 |
| 6/12/2023 | 128.112373245 | 120.738149538 | 120.738149538 | 116.221942801 | 111.573605271 | 83.462067412 |
| 6/13/2023 | 127.974808596 | 120.619654091 | 120.619654091 | 116.123295227 | 111.520124299 | 83.505217924 |
| 6/14/2023 | 127.752058848 | 120.431055063 | 120.431055063 | 115.951136829 | 111.427804462 | 83.539459054 |
| 6/15/2023 | 128.554954562 | 120.149387641 | 120.149387641 | 115.761883957 | 111.408105348 | 83.411982191 |
| 6/16/2023 | 128.743635782 | 120.338888504 | 120.338888504 | 115.940780258 | 111.627410307 | 83.491500891 |
| 6/17/2023 | 128.406032124 | 119.99834182 | 119.99834182 | 115.583240006 | 111.272910981 | 83.138397964 |
| 6/18/2023 | 128.403244824 | 119.993977071 | 119.993977071 | 115.568211663 | 111.254841712 | 83.124427752 |
| 6/19/2023 | 128.517121097 | 120.036075569 | 120.036075569 | 115.619559641 | 111.30618969 | 83.123427433 |
| 6/20/2023 | 129.066534215 | 120.574019407 | 120.574019407 | 116.123668284 | 111.819990367 | 83.41643593 |
| 6/21/2023 | 128.585839776 | 120.083348081 | 120.083348081 | 115.65867298 | 111.372033792 | 83.13915298 |
| 6/22/2023 | 128.572446519 | 119.994737621 | 119.994737621 | 115.550790459 | 111.285366531 | 83.120533427 |
| 6/23/2023 | 128.624614792 | 120.049637366 | 120.049637366 | 115.59728926 | 111.330922417 | 83.126689056 |
| 6/24/2023 | 128.907716517 | 120.323545706 | 120.323545706 | 115.869071433 | 111.606966695 | 83.355547655 |
| 6/25/2023 | 128.683772026 | 120.107455665 | 120.107455665 | 115.663311899 | 111.392682952 | 83.168628702 |
| 6/26/2023 | 128.618471013 | 120.035213558 | 120.035213558 | 115.600711398 | 111.370012218 | 83.214509943 |
| 6/27/2023 | 128.674414074 | 120.084880609 | 120.084880609 | 115.670385961 | 111.451733574 | 83.472308355 |
| 6/28/2023 | 128.181973576 | 119.69653797 | 119.69653797 | 115.300778666 | 111.113175237 | 83.218925627 |
| 6/29/2023 | 128.115041769 | 119.587642682 | 119.587642682 | 115.20877621 | 111.05589185 | 83.343774906 |
| 6/30/2023 | 127.509411861 | 118.97239444 | 118.97239444 | 114.631365313 | 110.480917345 | 83.320859006 |
| 7/1/2023 | 127.487022631 | 118.943043548 | 118.943043548 | 114.601628925 | 110.451977843 | 83.30377823 |
| 7/2/2023 | 127.530877777 | 118.979517699 | 118.979517699 | 114.641107303 | 110.491921071 | 83.307610989 |
| 7/3/2023 | 127.718157503 | 119.234017668 | 119.234017668 | 114.904281524 | 110.756267351 | 83.331873579 |
| 7/4/2023 | 127.839522612 | 119.307642742 | 119.307642742 | 114.973673846 | 110.829940291 | 83.333734068 |
| 7/5/2023 | 127.671600977 | 119.149754729 | 119.149754729 | 114.832496949 | 110.711345753 | 83.295588022 |
| 7/6/2023 | 127.21395972 | 118.922125799 | 118.922125799 | 114.616184625 | 110.533552428 | 83.286152715 |
| 7/7/2023 | 127.211606414 | 119.001613506 | 119.001613506 | 114.694571425 | 110.627303434 | 83.421106762 |
| 7/8/2023 | 127.233780621 | 118.903548164 | 118.903548164 | 114.604176531 | 110.542060683 | 83.337768983 |
| 7/9/2023 | 127.127102916 | 118.804327167 | 118.804327167 | 114.513317429 | 110.463582166 | 83.266954932 |
| 7/10/2023 | 127.035798371 | 118.746660374 | 118.746660374 | 114.461322735 | 110.413214779 | 83.307041104 |
| 7/11/2023 | 126.884055879 | 118.691650008 | 118.691650008 | 114.399907601 | 110.386418895 | 83.352634014 |
| 7/12/2023 | 126.753668506 | 118.63367557 | 118.63367557 | 114.350703919 | 110.340845564 | 83.357216574 |
| 7/13/2023 | 127.026175605 | 118.928867597 | 118.928867597 | 114.642252751 | 110.652454369 | 83.496653252 |
| 7/14/2023 | 127.040983061 | 118.958984169 | 118.958984169 | 114.67855831 | 110.691991909 | 83.676595996 |
| 7/15/2023 | 127.089749183 | 118.993898534 | 118.993898534 | 114.711563219 | 110.724996818 | 83.701143467 |
| 7/16/2023 | 127.00837851 | 118.918846947 | 118.918846947 | 114.638253797 | 110.64770083 | 83.62852593 |
| 7/17/2023 | 126.847365931 | 118.75903229 | 118.75903229 | 114.491317211 | 110.545873445 | 83.729629319 |
| 7/18/2023 | 126.789526508 | 118.738709106 | 118.738709106 | 114.472080827 | 110.557931418 | 83.784430445 |
| 7/19/2023 | 126.512393644 | 118.517529275 | 118.517529275 | 114.259999301 | 110.362594831 | 83.730306939 |
| 7/20/2023 | 126.46950101 | 118.504087644 | 118.504087644 | 114.252983289 | 110.380716345 | 83.798446907 |
| 7/21/2023 | 126.317206904 | 118.408602237 | 118.408602237 | 114.174264517 | 110.305230355 | 83.775338994 |
| 7/22/2023 | 126.315795969 | 118.48992354 | 118.48992354 | 114.258804091 | 110.391085401 | 83.864119328 |
| 7/23/2023 | 126.216804604 | 118.403433136 | 118.403433136 | 114.170999187 | 110.298095991 | 83.780338989 |
| 7/24/2023 | 126.017081795 | 118.213194928 | 118.213194928 | 114.012659122 | 110.174927214 | 83.776962706 |
| 7/25/2023 | 125.930085969 | 118.116144541 | 118.116144541 | 113.922896434 | 110.111177187 | 83.789146039 |
| 7/26/2023 | 125.90892338 | 118.07931364 | 118.07931364 | 113.89356914 | 110.112030953 | 83.878723305 |
| 7/27/2023 | 125.73516027 | 117.970601093 | 117.970601093 | 113.795165525 | 110.048128245 | 83.79615553 |
| 7/28/2023 | 125.57386298 | 117.897383598 | 117.897383598 | 113.743849228 | 110.028019366 | 83.803836403 |
| 7/29/2023 | 125.815573033 | 117.885515995 | 117.885515995 | 113.737273773 | 110.02621027 | 83.774337453 |
| 7/30/2023 | 125.690754624 | 117.928077056 | 117.928077056 | 113.774477788 | 110.058647926 | 83.797285742 |
| 7/31/2023 | 125.625520951 | 117.908930618 | 117.908930618 | 113.737087281 | 110.062087754 | 83.866668319 |
| 8/1/2023 | 125.412742543 | 117.624773214 | 117.624773214 | 113.509550926 | 109.872163107 | 83.857171498 |
| 8/2/2023 | 125.23967665 | 117.374601582 | 117.374601582 | 113.294215108 | 109.746062123 | 83.855454636 |
| 8/3/2023 | 124.988494203 | 117.160770417 | 117.160770417 | 113.107326017 | 109.600376184 | 83.835156582 |
| 8/4/2023 | 124.73765683 | 116.895926201 | 116.895926201 | 112.862031292 | 109.430984115 | 83.742625107 |
| 8/5/2023 | 124.770898467 | 116.926224025 | 116.926224025 | 112.893352014 | 109.468832113 | 83.792031429 |
| 8/6/2023 | 124.72481865 | 116.860970967 | 116.860970967 | 112.830206383 | 109.408789118 | 83.734320818 |
| 8/7/2023 | 124.585184624 | 116.683217423 | 116.683217423 | 112.659529152 | 109.259057264 | 83.452899346 |
| 8/8/2023 | 124.807297954 | 116.88710968 | 116.88710968 | 112.84009694 | 109.4340608 | 83.47765237 |
| 8/9/2023 | 124.724859471 | 116.780335808 | 116.780335808 | 112.733790556 | 109.334552891 | 83.389373846 |
| 8/10/2023 | 124.470178168 | 116.557285652 | 116.557285652 | 112.552757729 | 109.166703676 | 83.359474018 |
| 8/11/2023 | 124.369721768 | 116.450991012 | 116.450991012 | 112.483104117 | 109.10430195 | 83.321948337 |
| 8/12/2023 | 124.480430719 | 116.551842325 | 116.551842325 | 112.544700087 | 109.165813444 | 83.342878723 |
| 8/13/2023 | 124.513778176 | 116.593465548 | 116.593465548 | 112.600320693 | 109.222359899 | 83.343295663 |
| 8/14/2023 | 124.066014004 | 116.314050061 | 116.314050061 | 112.349839481 | 108.986066281 | 83.328343478 |
| 8/15/2023 | 123.768778269 | 116.048004024 | 116.048004024 | 112.120691234 | 108.776166439 | 83.082121071 |
| 8/16/2023 | 123.462730887 | 115.758952984 | 115.758952984 | 111.83884279 | 108.525415011 | 82.820995155 |
| 8/17/2023 | 123.441843175 | 115.753608653 | 115.753608653 | 111.820184513 | 108.524291146 | 82.740286529 |
| 8/18/2023 | 123.092243963 | 115.400956664 | 115.400956664 | 111.469884962 | 108.219938084 | 82.788657219 |
| 8/19/2023 | 123.308704214 | 115.596069916 | 115.596069916 | 111.667711819 | 108.417764941 | 82.747742356 |
| 8/20/2023 | 123.428408054 | 115.715608363 | 115.715608363 | 111.746281507 | 108.498278097 | 82.823608782 |
| 8/21/2023 | 124.487812864 | 116.773603347 | 116.773603347 | 111.691520148 | 108.472545128 | 82.826097691 |
| 8/22/2023 | 124.381474173 | 116.674763182 | 116.674763182 | 111.592999053 | 108.391862349 | 82.815209561 |
| 8/23/2023 | 124.422830562 | 116.768234025 | 116.768234025 | 111.705250347 | 108.505112402 | 82.798717222 |
| 8/24/2023 | 124.48476881 | 116.669576224 | 116.669576224 | 111.560837789 | 108.382737939 | 82.826258267 |
| 8/25/2023 | 124.529754801 | 116.703547144 | 116.703547144 | 111.598997607 | 108.445933145 | 82.810006505 |
| 8/26/2023 | 124.54184418 | 116.716402285 | 116.716402285 | 111.582023896 | 108.429653108 | 82.751198109 |
| 8/27/2023 | 124.654192293 | 116.817242209 | 116.817242209 | 111.667598538 | 108.514534076 | 82.773976009 |
| 8/28/2023 | 124.714042184 | 116.791060896 | 116.791060896 | 111.636427991 | 108.51512025 | 82.781936003 |
| 8/29/2023 | 125.15191903 | 116.983110878 | 116.983110878 | 111.789455448 | 108.677396404 | 82.836705499 |
| 8/30/2023 | 125.275625252 | 116.927088507 | 116.927088507 | 111.726725608 | 108.649696421 | 82.826068346 |
| 8/31/2023 | 125.288193248 | 116.85588753 | 116.85588753 | 111.643999831 | 108.662885928 | 82.765281894 |
| 9/1/2023 | 125.281798654 | 116.850026401 | 116.850026401 | 111.643447332 | 108.744781818 | 82.861296695 |
| 9/2/2023 | 125.275643312 | 116.840513545 | 116.840513545 | 111.619980981 | 108.74796666 | 82.877292012 |
| 9/3/2023 | 125.311562637 | 116.88144379 | 116.88144379 | 111.645936727 | 108.793885503 | 82.877292012 |
| 9/4/2023 | 125.055239168 | 116.663431206 | 116.663431206 | 111.441608654 | 108.591488269 | 82.848493517 |
| 9/5/2023 | 124.597548749 | 116.441677095 | 116.441677095 | 111.223210767 | 108.471387805 | 82.879652237 |
| 9/6/2023 | 124.412538007 | 116.378507589 | 116.378507589 | 111.131651688 | 108.445466672 | 82.865513708 |
| 9/7/2023 | 124.187526048 | 116.138222508 | 116.138222508 | 110.897424219 | 108.267115263 | 82.821764818 |
| 9/8/2023 | 124.312855668 | 116.363545302 | 116.363545302 | 111.109745222 | 108.511330081 | 82.961584342 |
| 9/9/2023 | 124.384500397 | 116.419313828 | 116.419313828 | 111.158871685 | 108.561772808 | 82.981419758 |
| 9/10/2023 | 124.554050528 | 116.600626658 | 116.600626658 | 111.305301783 | 108.716586745 | 83.076364174 |
| 9/11/2023 | 124.318924953 | 116.386906207 | 116.386906207 | 111.086618889 | 108.540609801 | 82.977303932 |
| 9/12/2023 | 124.463539388 | 116.546928152 | 116.546928152 | 111.23902641 | 108.702269812 | 83.001549694 |
| 9/13/2023 | 124.477929204 | 116.566173546 | 116.566173546 | 111.238030237 | 108.715971191 | 83.006535445 |
| 9/14/2023 | 124.447507018 | 116.547067525 | 116.547067525 | 111.192333746 | 108.687516696 | 83.019048237 |
| 9/15/2023 | 124.318195359 | 116.471321234 | 116.471321234 | 111.100650385 | 108.608294563 | 83.019048236 |
| 9/16/2023 | 124.416447143 | 116.567241187 | 116.567241187 | 111.17573086 | 108.68137706 | 83.019048236 |
| 9/17/2023 | 124.442028665 | 116.589941137 | 116.589941137 | 111.166522839 | 108.669674685 | 83.019048236 |
| 9/18/2023 | 124.383790176 | 116.538225465 | 116.538225465 | 111.12917231 | 108.655796623 | 83.041508687 |
| 9/19/2023 | 124.504728719 | 116.656508711 | 116.656508711 | 111.24475556 | 108.783567193 | 83.222641103 |
| 9/20/2023 | 124.491552044 | 116.493426802 | 116.493426802 | 111.072661137 | 108.632758514 | 83.1602403 |
| 9/21/2023 | 124.420045301 | 116.181554283 | 116.181554283 | 110.759207348 | 108.353788251 | 83.076676547 |
| 9/22/2023 | 124.501554624 | 116.256064985 | 116.256064985 | 110.818185402 | 108.431125984 | 83.178483701 |
| 9/23/2023 | 124.514506806 | 116.277585036 | 116.277585036 | 110.822747138 | 108.438072395 | 83.18086647 |
| 9/24/2023 | 124.560212066 | 116.322842436 | 116.322842436 | 110.859759801 | 108.478492758 | 83.18086647 |
| 9/25/2023 | 124.341204369 | 116.109114518 | 116.109114518 | 110.649082223 | 108.302097358 | 83.185008082 |
| 9/26/2023 | 124.207225081 | 116.037350421 | 116.037350421 | 110.582485235 | 108.27466714 | 83.202933855 |
| 9/27/2023 | 124.130865322 | 115.949057564 | 115.949057564 | 110.489739637 | 108.213805743 | 83.248340765 |
| 9/28/2023 | 124.317864765 | 116.12772737 | 116.12772737 | 110.651729365 | 108.383158404 | 83.253698407 |
| 9/29/2023 | 123.874240694 | 115.623949242 | 115.623949242 | 110.140194227 | 107.877655707 | 83.160754105 |
| 9/30/2023 | 123.990156784 | 115.746796244 | 115.746796244 | 110.268390508 | 108.005851988 | 83.232172676 |
| 10/1/2023 | 124.022262568 | 115.774608413 | 115.774608413 | 110.283777925 | 108.021298231 | 83.220106101 |
| 10/2/2023 | 124.19504637 | 116.009738641 | 116.009738641 | 110.519130473 | 108.256591953 | 83.317986709 |
| 10/3/2023 | 124.042270182 | 115.857905572 | 115.857905572 | 110.387323838 | 108.138853152 | 83.342217736 |
| 10/4/2023 | 123.910951832 | 115.751364182 | 115.751364182 | 110.284087157 | 108.042350855 | 83.344022138 |
| 10/5/2023 | 124.092872691 | 115.907736752 | 115.907736752 | 110.436732949 | 108.201683186 | 83.46304986 |
| 10/6/2023 | 124.352566182 | 116.204454965 | 116.204454965 | 110.729950727 | 108.508680757 | 83.496479909 |
| 10/7/2023 | 124.340259922 | 116.170451032 | 116.170451032 | 110.683935712 | 108.467099415 | 83.451566842 |
| 10/8/2023 | 124.404798279 | 116.244538799 | 116.244538799 | 110.75715756 | 108.540321263 | 83.535018409 |
| 10/9/2023 | 124.45593909 | 116.299405811 | 116.299405811 | 110.787325109 | 108.579673432 | 83.555541131 |
| 10/10/2023 | 124.152472159 | 115.998596762 | 115.998596762 | 110.500664913 | 108.352917211 | 83.475174845 |
| 10/11/2023 | 123.923909808 | 115.828305345 | 115.828305345 | 110.346730465 | 108.198982763 | 83.489452588 |
| 10/12/2023 | 123.708896411 | 115.639020509 | 115.639020509 | 110.190212856 | 108.049311502 | 83.444883298 |
| 10/13/2023 | 123.703437814 | 115.641510973 | 115.641510973 | 110.185001316 | 108.058309102 | 83.493443404 |
| 10/14/2023 | 123.756233966 | 115.70281932 | 115.70281932 | 110.229250913 | 108.102558699 | 83.501125784 |
| 10/15/2023 | 123.824900015 | 115.777900263 | 115.777900263 | 110.298127797 | 108.171435583 | 83.503204953 |
| 10/16/2023 | 123.885607583 | 115.820789313 | 115.820789313 | 110.354033977 | 108.243120847 | 83.502236079 |
| 10/17/2023 | 124.078674793 | 116.006641501 | 116.006641501 | 110.52808644 | 108.415062397 | 83.658558996 |
| 10/18/2023 | 124.30977494 | 116.222339996 | 116.222339996 | 110.742671746 | 108.637505262 | 83.875799695 |
| 10/19/2023 | 124.903795848 | 116.376182445 | 116.376182445 | 110.86200408 | 108.767633933 | 83.902581464 |
| 10/20/2023 | 124.817807061 | 116.764266629 | 116.764266629 | 111.225782307 | 109.126383906 | 84.214389454 |
| 10/21/2023 | 124.788839834 | 116.719964602 | 116.719964602 | 111.169205743 | 109.067710041 | 84.131359672 |
| 10/22/2023 | 124.753318673 | 116.682106679 | 116.682106679 | 111.135196293 | 109.042387612 | 84.142359672 |
| 10/23/2023 | 125.045181274 | 116.934444854 | 116.934444854 | 111.418050401 | 109.320749301 | 84.432650361 |
| 10/24/2023 | 124.275664666 | 116.201676563 | 116.201676563 | 110.721946485 | 108.643093636 | 84.180828367 |
| 10/25/2023 | 124.6762065 | 116.593584356 | 116.593584356 | 111.116335101 | 109.033264085 | 84.453054592 |
| 10/26/2023 | 124.669636279 | 116.594802637 | 116.594802637 | 111.102184673 | 109.036959564 | 84.487655718 |
| 10/27/2023 | 124.412656373 | 116.424502498 | 116.424502498 | 110.955836979 | 108.895978979 | 84.515238111 |
| 10/28/2023 | 124.424616576 | 116.428159545 | 116.428159545 | 110.991091038 | 108.929175238 | 84.515238111 |
| 10/29/2023 | 124.5469217 | 116.551398402 | 116.551398402 | 111.118223445 | 109.056307645 | 84.599753349 |
| 10/30/2023 | 124.36520159 | 116.348365635 | 116.348365635 | 111.00554448 | 108.977831709 | 84.649163106 |
| 10/31/2023 | 124.268183504 | 116.227820478 | 116.227820478 | 110.942514134 | 108.935197179 | 84.767046575 |
| 11/1/2023 | 124.535077112 | 116.456215273 | 116.456215273 | 111.119646535 | 109.119668614 | 84.934312447 |
| 11/2/2023 | 124.421396982 | 116.248867182 | 116.248867182 | 110.928416015 | 108.981007765 | 85.137597197 |
| 11/3/2023 | 124.798957687 | 116.539956039 | 116.539956039 | 111.210425351 | 109.310503797 | 85.415214029 |
| 11/4/2023 | 124.951976432 | 116.65404889 | 116.65404889 | 111.309653685 | 109.407832209 | 85.425224028 |
| 11/5/2023 | 125.017661408 | 116.70603617 | 116.70603617 | 111.35651006 | 109.456588506 | 85.453352126 |
| 11/6/2023 | 125.060199755 | 116.743250849 | 116.743250849 | 111.422309749 | 109.527515847 | 85.71210969 |
| 11/7/2023 | 125.398774138 | 117.080730218 | 117.080730218 | 111.771180098 | 109.885545556 | 86.14526707 |
| 11/8/2023 | 125.352247099 | 117.025586914 | 117.025586914 | 111.742519652 | 109.854676166 | 86.236089163 |
| 11/9/2023 | 125.484792022 | 117.137319378 | 117.137319378 | 111.86285931 | 109.976877379 | 86.489374731 |
| 11/10/2023 | 125.775494728 | 117.398237319 | 117.398237319 | 112.142306698 | 110.256517167 | 86.738442408 |
| 11/11/2023 | 125.840896857 | 117.483408023 | 117.483408023 | 112.206628395 | 110.328741848 | 86.757241924 |
| 11/12/2023 | 125.853380477 | 117.478479945 | 117.478479945 | 112.217727678 | 110.337495336 | 86.754712796 |
| 11/13/2023 | 126.013418711 | 117.647052437 | 117.647052437 | 112.393491086 | 110.533056909 | 87.136449207 |
| 11/14/2023 | 125.866570634 | 117.507514414 | 117.507514414 | 112.281469539 | 110.430545881 | 87.258995824 |
| 11/15/2023 | 126.198166927 | 117.849331075 | 117.849331075 | 112.636902641 | 110.791305265 | 87.364348945 |
| 11/16/2023 | 126.524983969 | 118.175665998 | 118.175665998 | 112.9630927 | 111.120113143 | 87.589526057 |
| 11/17/2023 | 126.710722065 | 118.401175852 | 118.401175852 | 113.207027161 | 111.39912029 | 87.650408687 |
| 11/18/2023 | 126.872974747 | 118.539001924 | 118.539001924 | 113.334595348 | 111.523769154 | 87.753374396 |
| 11/19/2023 | 126.860571242 | 118.52470285 | 118.52470285 | 113.294661847 | 111.490516042 | 87.688283686 |
| 11/20/2023 | 127.327837861 | 118.990710892 | 118.990710892 | 113.767384474 | 111.964907852 | 88.08721378 |
| 11/21/2023 | 127.416316112 | 119.093277882 | 119.093277882 | 113.85176664 | 112.069824354 | 88.369058838 |
| 11/22/2023 | 127.44147059 | 119.153562485 | 119.153562485 | 113.929060944 | 112.177872015 | 88.43882771 |
| 11/23/2023 | 127.430753144 | 119.233253298 | 119.233253298 | 113.998996921 | 112.241358636 | 88.486990065 |
| 11/24/2023 | 128.062473269 | 119.784904711 | 119.784904711 | 114.518382893 | 112.774999399 | 88.772134256 |
| 11/25/2023 | 128.042127077 | 119.775080816 | 119.775080816 | 114.495760909 | 112.752347777 | 88.789651756 |
| 11/26/2023 | 128.011298734 | 119.724406576 | 119.724406576 | 114.445416611 | 112.700260066 | 88.755950804 |
| 11/27/2023 | 127.855187792 | 119.578820641 | 119.578820641 | 114.311349007 | 112.601805354 | 88.89722419 |
| 11/28/2023 | 128.150915422 | 119.944741687 | 119.944741687 | 114.670874188 | 112.976887974 | 89.140885871 |
| 11/29/2023 | 128.231894837 | 120.08316264 | 120.08316264 | 114.819327721 | 113.129018281 | 89.343105329 |
| 11/30/2023 | 128.328904258 | 120.071659325 | 120.071659325 | 114.79403024 | 113.125038983 | 89.317080453 |
| 12/1/2023 | 128.489314494 | 120.235012716 | 120.235012716 | 114.966551318 | 113.305611766 | 89.499174101 |
| 12/2/2023 | 128.55416359 | 120.303558057 | 120.303558057 | 115.048222793 | 113.392041553 | 89.569124098 |
| 12/3/2023 | 128.674259734 | 120.420255689 | 120.420255689 | 115.139113327 | 113.483864517 | 89.709343821 |
| 12/4/2023 | 128.481324069 | 120.321751536 | 120.321751536 | 115.038674127 | 113.41475309 | 89.771965681 |
| 12/5/2023 | 128.758596871 | 120.489480699 | 120.489480699 | 115.209716803 | 113.607493833 | 90.095805311 |
| 12/6/2023 | 128.795733478 | 120.506159817 | 120.506159817 | 115.188628979 | 113.605019697 | 90.040209002 |
| 12/7/2023 | 128.794973129 | 120.711575901 | 120.711575901 | 115.393250004 | 113.851786063 | 90.228000442 |
| 12/8/2023 | 129.029516208 | 120.907093791 | 120.907093791 | 115.565668001 | 114.056553361 | 90.307767897 |
| 12/9/2023 | 129.353795985 | 121.226123078 | 121.226123078 | 115.87151126 | 114.362334732 | 90.561569096 |
| 12/10/2023 | 129.320479233 | 121.176601406 | 121.176601406 | 115.810389907 | 114.301815654 | 90.501094898 |
| 12/11/2023 | 129.121982382 | 121.040948044 | 121.040948044 | 115.717921126 | 114.240336818 | 90.788011889 |
| 12/12/2023 | 128.481683898 | 120.480402146 | 120.480402146 | 115.262676856 | 113.793878976 | 90.528056603 |
| 12/13/2023 | 128.90447601 | 120.586703633 | 120.586703633 | 115.39629124 | 114.131167958 | 90.565337799 |
| 12/14/2023 | 129.089459716 | 120.874291162 | 120.874291162 | 115.68474027 | 114.424850279 | 90.750575813 |
| 12/15/2023 | 129.335214154 | 120.83951815 | 120.83951815 | 115.663173207 | 114.478397895 | 90.757848534 |
| 12/16/2023 | 129.492337999 | 120.980979337 | 120.980979337 | 115.770541393 | 114.577518163 | 90.814015237 |
| 12/17/2023 | 129.44660633 | 120.97546247 | 120.97546247 | 115.762420301 | 114.555641273 | 90.789021963 |
| 12/18/2023 | 129.398547613 | 120.990438112 | 120.990438112 | 115.768674657 | 114.570640844 | 90.706337371 |
| 12/19/2023 | 129.846928821 | 121.22412961 | 121.22412961 | 116.001838046 | 114.981826244 | 90.852195037 |
| 12/20/2023 | 130.194960768 | 121.475735878 | 121.475735878 | 116.250393191 | 115.229403376 | 90.9974784 |
| 12/21/2023 | 130.179088329 | 121.445233415 | 121.445233415 | 116.221122874 | 115.20521261 | 91.042674797 |
| 12/22/2023 | 130.525705063 | 121.831343688 | 121.831343688 | 116.592055499 | 115.57561952 | 91.166134358 |
| 12/23/2023 | 130.6937606 | 122.059032301 | 122.059032301 | 116.79019832 | 115.774777762 | 91.324167292 |
| 12/24/2023 | 130.633298374 | 121.974237029 | 121.974237029 | 116.712882803 | 115.695431404 | 91.276455285 |
| 12/25/2023 | 130.593975123 | 121.931695697 | 121.931695697 | 116.688303609 | 115.67186763 | 91.2980652 |
| 12/26/2023 | 130.284514761 | 121.622980432 | 121.622980432 | 116.398028324 | 115.378943548 | 91.31553413 |
| 12/27/2023 | 130.737277623 | 122.036859689 | 122.036859689 | 116.81086756 | 115.789832011 | 91.518442108 |
| 12/28/2023 | 130.556568153 | 121.900950672 | 121.900950672 | 116.705965938 | 115.694391445 | 91.497677422 |
| 12/29/2023 | 130.651678644 | 122.073158502 | 122.073158502 | 116.874396363 | 115.85538869 | 91.7433801 |
| 12/30/2023 | 130.552613258 | 121.976238066 | 121.976238066 | 116.794596252 | 115.783439501 | 91.768770464 |
| 12/31/2023 | 130.287000127 | 121.709678441 | 121.709678441 | 116.545378143 | 115.529412284 | 91.665918562 |
| 1/1/2024 | 130.810511799 | 122.194484506 | 122.194484506 | 116.998418874 | 115.979411201 | 91.957173752 |
| 1/2/2024 | 130.94320915 | 122.345297504 | 122.345297504 | 117.132685318 | 116.122627619 | 92.020117112 |
| 1/3/2024 | 131.482696111 | 122.802131698 | 122.802131698 | 117.579683182 | 116.566269358 | 92.356526357 |
| 1/4/2024 | 132.1729541 | 123.456818108 | 123.456818108 | 118.22870832 | 117.2262925 | 92.873224702 |
| 1/5/2024 | 132.586581207 | 124.012924414 | 124.012924414 | 118.811930313 | 117.864990056 | 93.320401318 |
| 1/6/2024 | 132.964558979 | 124.352389386 | 124.352389386 | 119.153511194 | 118.22421002 | 93.621529319 |
| 1/7/2024 | 132.89215747 | 124.324080928 | 124.324080928 | 119.12990741 | 118.197821118 | 93.58514532 |
| 1/8/2024 | 133.169819516 | 124.543779142 | 124.543779142 | 119.319990709 | 118.5443384 | 94.057456783 |
| 1/9/2024 | 133.136178315 | 124.404734724 | 124.404734724 | 119.17412042 | 118.54889436 | 94.228636696 |
| 1/10/2024 | 133.59646446 | 124.942498751 | 124.942498751 | 119.711057757 | 119.082680166 | 94.685834131 |
| 1/11/2024 | 133.913451431 | 125.188600055 | 125.188600055 | 119.951430788 | 119.376828342 | 94.980329573 |
| 1/12/2024 | 133.82361044 | 125.129405679 | 125.129405679 | 119.951430788 | 119.392313106 | 94.942211254 |
| 1/13/2024 | 133.901360788 | 125.20177758 | 125.20177758 | 120.02631199 | 119.489837749 | 94.959118221 |
| 1/14/2024 | 134.061574091 | 125.325316929 | 125.325316929 | 120.182241762 | 119.646524306 | 95.077941897 |
| 1/15/2024 | 133.746014385 | 125.22303197 | 125.22303197 | 120.084487297 | 119.559425356 | 95.014535787 |
| 1/16/2024 | 133.71936593 | 125.147235143 | 125.147235143 | 120.013961534 | 119.597631188 | 95.068943281 |
| 1/17/2024 | 133.748087233 | 125.128735823 | 125.128735823 | 120.002417288 | 119.797713726 | 95.040194578 |
| 1/18/2024 | 133.117019083 | 124.882807745 | 124.882807745 | 119.772851534 | 119.622362681 | 94.924423335 |
| 1/19/2024 | 133.290317952 | 124.794693751 | 124.794693751 | 119.686299726 | 119.586669524 | 94.904086222 |
| 1/20/2024 | 133.509788026 | 124.971856142 | 124.971856142 | 119.86454795 | 119.764917748 | 94.976881682 |
| 1/21/2024 | 133.352686684 | 124.79997689 | 124.79997689 | 119.701165149 | 119.60173381 | 94.791054938 |
| 1/22/2024 | 133.49845162 | 124.772410921 | 124.772410921 | 119.688531664 | 119.589338562 | 94.865026114 |
| 1/23/2024 | 134.292710863 | 125.629110265 | 125.629110265 | 120.519769657 | 120.420139455 | 95.65950814 |
| 1/24/2024 | 134.129568519 | 125.547552529 | 125.547552529 | 120.425733871 | 120.326302532 | 95.512228464 |
| 1/25/2024 | 134.319554925 | 125.775508043 | 125.775508043 | 120.624632744 | 120.525231632 | 95.543581705 |
| 1/26/2024 | 134.542574989 | 126.26945261 | 126.26945261 | 121.106556408 | 121.007240608 | 95.967218711 |
| 1/27/2024 | 134.614081443 | 126.323624656 | 126.323624656 | 121.170666956 | 121.071373926 | 95.969099987 |
| 1/28/2024 | 134.67596965 | 126.366873513 | 126.366873513 | 121.213125855 | 121.113694516 | 96.01970404 |
| 1/29/2024 | 134.998672254 | 126.688778395 | 126.688778395 | 121.539565851 | 121.44003508 | 96.040095474 |
| 1/30/2024 | 134.811180214 | 126.702651668 | 126.702651668 | 121.817098834 | 121.71789738 | 96.140512112 |
| 1/31/2024 | 134.847464156 | 126.71851383 | 126.71851383 | 121.89960671 | 121.800494545 | 96.000234428 |
| 2/1/2024 | 135.218277017 | 127.057947929 | 127.057947929 | 122.237556348 | 122.137826714 | 96.305147414 |
| 2/2/2024 | 135.191714539 | 127.018266057 | 127.018266057 | 122.199658708 | 122.100264357 | 96.202494292 |
| 2/3/2024 | 135.149615162 | 126.997517405 | 126.997517405 | 122.180270817 | 122.08100334 | 96.135237584 |
| 2/4/2024 | 135.227009656 | 127.065606835 | 127.065606835 | 122.249518364 | 122.150269481 | 96.181869124 |
| 2/5/2024 | 135.071091185 | 126.921098419 | 126.921098419 | 122.124605249 | 122.025316693 | 96.064849275 |
| 2/6/2024 | 135.412843783 | 127.266300799 | 127.266300799 | 122.450533947 | 122.351253445 | 96.080918392 |
| 2/7/2024 | 135.732944909 | 127.626891142 | 127.626891142 | 122.810159205 | 122.710628434 | 96.269428997 |
| 2/8/2024 | 136.028389469 | 127.791727095 | 127.791727095 | 122.987353525 | 122.902588527 | 96.289571761 |
| 2/9/2024 | 136.251909186 | 127.902763705 | 127.902763705 | 123.082571647 | 122.997975672 | 96.208378383 |
| 2/10/2024 | 136.52160966 | 128.174087987 | 128.174087987 | 123.336687396 | 123.252175932 | 96.425207261 |
| 2/11/2024 | 136.746630675 | 128.33057791 | 128.33057791 | 123.474322618 | 123.389135062 | 96.55872064 |
| 2/12/2024 | 136.340615699 | 128.199333795 | 128.199333795 | 123.379949298 | 123.295015277 | 96.637770433 |
| 2/13/2024 | 136.52897796 | 128.368498932 | 128.368498932 | 123.561167967 | 123.476784876 | 96.787758381 |
| 2/14/2024 | 137.486740943 | 129.261603423 | 129.261603423 | 124.440882235 | 124.355610168 | 97.336247917 |
| 2/15/2024 | 137.320324034 | 129.142585435 | 129.142585435 | 124.314786031 | 124.230021033 | 97.304868931 |
| 2/16/2024 | 137.677467949 | 129.486978199 | 129.486978199 | 124.665094634 | 124.580329636 | 97.634647604 |
| 2/17/2024 | 137.867703393 | 129.661334332 | 129.661334332 | 124.819547411 | 124.734697901 | 97.742174104 |
| 2/18/2024 | 137.760245804 | 129.52093238 | 129.52093238 | 124.67214577 | 124.587380772 | 97.664260351 |
| 2/19/2024 | 137.768003476 | 129.502926396 | 129.502926396 | 124.607093726 | 124.522582262 | 97.666842 |
| 2/20/2024 | 137.867169103 | 129.549354328 | 129.549354328 | 124.691263597 | 124.606752133 | 97.787711855 |
| 2/21/2024 | 137.897087001 | 129.498608305 | 129.498608305 | 124.646499094 | 124.561903119 | 97.712632144 |
| 2/22/2024 | 138.258802153 | 129.549464948 | 129.549464948 | 124.716175211 | 124.631325701 | 97.751167575 |
| 2/23/2024 | 138.907961744 | 129.803674803 | 129.803674803 | 124.950777437 | 124.865927927 | 97.89785776 |
| 2/24/2024 | 138.669241211 | 129.75022465 | 129.75022465 | 124.893036623 | 124.808440648 | 97.836769496 |
| 2/25/2024 | 138.78246284 | 129.848311602 | 129.848311602 | 124.976406862 | 124.891726375 | 97.888948753 |
| 2/26/2024 | 139.236430839 | 130.260814284 | 130.260814284 | 125.369464867 | 125.284868892 | 98.076466747 |
| 2/27/2024 | 139.811745695 | 130.588972028 | 130.588972028 | 125.686093908 | 125.60132891 | 98.37806019 |
| 2/28/2024 | 140.284721919 | 130.938846502 | 130.938846502 | 126.027216937 | 125.942914893 | 98.654376826 |
| 2/29/2024 | 140.83804112 | 131.516320381 | 131.516320381 | 126.585093306 | 126.500243796 | 98.932984696 |
| 3/1/2024 | 141.388816916 | 132.008110126 | 132.008110126 | 127.058785581 | 126.973936071 | 99.272633719 |
| 3/2/2024 | 141.476934704 | 132.057319138 | 132.057319138 | 127.139971301 | 127.055462964 | 99.422260259 |
| 3/3/2024 | 141.87426386 | 132.406013859 | 132.406013859 | 127.468677804 | 127.383997317 | 99.724901849 |
| 3/4/2024 | 141.990006872 | 132.653592864 | 132.653592864 | 127.777616637 | 127.693257463 | 100.238894972 |
| 3/5/2024 | 142.246721206 | 132.795197853 | 132.795197853 | 128.080315309 | 127.995840354 | 100.534835759 |
| 3/6/2024 | 142.48768302 | 133.131391301 | 133.131391301 | 128.35028322 | 128.265827787 | 100.622511924 |
| 3/7/2024 | 143.011522657 | 133.595064821 | 133.595064821 | 129.211047794 | 129.126029261 | 101.241417082 |
| 3/8/2024 | 144.299038783 | 134.655233464 | 134.655233464 | 130.313267773 | 130.228333752 | 101.7896287 |
| 3/9/2024 | 144.598245246 | 134.915551672 | 134.915551672 | 130.575528453 | 130.490340897 | 102.016381296 |
| 3/10/2024 | 144.731299162 | 135.157223505 | 135.157223505 | 130.647397302 | 130.562040723 | 102.012255784 |
| 3/11/2024 | 145.476166902 | 135.890985303 | 135.890985303 | 131.386918567 | 131.300632362 | 102.367141199 |
| 3/12/2024 | 145.728851427 | 136.279736168 | 136.279736168 | 131.778750379 | 131.692633197 | 102.759639775 |
| 3/13/2024 | 146.625325213 | 137.095191708 | 137.095191708 | 132.572146995 | 132.484170561 | 103.227274219 |
| 3/14/2024 | 146.899602169 | 137.20349646 | 137.20349646 | 132.664603107 | 132.577725322 | 103.463082823 |
| 3/15/2024 | 146.79505895 | 137.562009847 | 137.562009847 | 132.949346479 | 132.862130648 | 103.514693506 |
| 3/16/2024 | 146.92593557 | 137.705546421 | 137.705546421 | 133.046686343 | 132.961583299 | 103.506480428 |
| 3/17/2024 | 146.598572725 | 137.375415809 | 137.375415809 | 132.760015805 | 132.675837232 | 103.368853847 |
| 3/18/2024 | 147.30646908 | 138.042518947 | 138.042518947 | 133.368374204 | 133.283778229 | 103.656755951 |
| 3/19/2024 | 147.688303444 | 138.669603668 | 138.669603668 | 134.031625467 | 133.947213051 | 104.078947607 |
| 3/20/2024 | 147.220010127 | 138.421359269 | 138.421359269 | 133.827793164 | 133.743419792 | 103.892152366 |
| 3/21/2024 | 147.779495639 | 139.181901491 | 139.181901491 | 134.556840405 | 134.472075407 | 104.14615265 |
| 3/22/2024 | 147.821576547 | 139.257764655 | 139.257764655 | 134.555981356 | 134.471385381 | 103.950511982 |
| 3/23/2024 | 148.15503715 | 139.540222173 | 139.540222173 | 134.763835972 | 134.679155485 | 104.101505605 |
| 3/24/2024 | 147.980139686 | 139.316293817 | 139.316293817 | 134.493868592 | 134.409424653 | 103.871776944 |
| 3/25/2024 | 149.312247461 | 140.605196541 | 140.605196541 | 135.881935938 | 135.797500027 | 104.231823342 |
| 3/26/2024 | 149.605015137 | 140.834727969 | 140.834727969 | 136.08030439 | 135.995539392 | 104.350179944 |
| 3/27/2024 | 149.565914552 | 140.86411427 | 140.86411427 | 136.106555864 | 136.021706354 | 104.542722577 |
| 3/28/2024 | 149.813105306 | 141.086037513 | 141.086037513 | 136.335507229 | 136.250826742 | 104.488442732 |
| 3/29/2024 | 150.014866326 | 141.191645942 | 141.191645942 | 136.365593881 | 136.280828883 | 104.467632908 |
| 3/30/2024 | 150.240215468 | 141.392145127 | 141.392145127 | 136.567729302 | 136.482541746 | 104.593960679 |
| 3/31/2024 | 149.9747673 | 141.135677007 | 141.135677007 | 136.306976885 | 136.221704818 | 104.430769909 |
| 4/1/2024 | 150.400620655 | 141.514613771 | 141.514613771 | 136.619211367 | 136.534699903 | 104.58388762 |
| 4/2/2024 | 151.050376554 | 142.225261885 | 142.225261885 | 137.330828241 | 137.260316777 | 105.162325065 |
| 4/3/2024 | 152.430814026 | 143.400252943 | 143.400252943 | 138.533083026 | 138.462360028 | 106.235038539 |
| 4/4/2024 | 153.304341347 | 143.879129558 | 143.879129558 | 138.94845796 | 138.877734962 | 106.577367562 |
| 4/5/2024 | 154.310839529 | 144.212416163 | 144.212416163 | 139.230954509 | 139.159949465 | 106.897421348 |
| 4/6/2024 | 154.436661643 | 144.224288412 | 144.224288412 | 139.178634383 | 139.10769985 | 106.876390717 |
| 4/7/2024 | 154.211917023 | 144.082036438 | 144.082036438 | 139.06109814 | 138.990516165 | 106.81337116 |
| 4/8/2024 | 154.237738832 | 143.678398884 | 143.678398884 | 138.884649132 | 138.813996645 | 106.940561216 |
| 4/9/2024 | 154.024485544 | 143.539559143 | 143.539559143 | 138.794283809 | 138.723631322 | 107.111455988 |
| 4/10/2024 | 153.748424602 | 143.565095956 | 143.565095956 | 138.773291823 | 138.702804051 | 107.193158226 |
| 4/11/2024 | 154.339050392 | 143.791477739 | 143.791477739 | 138.982855022 | 138.912379166 | 107.384743432 |
| 4/12/2024 | 154.537557443 | 143.633351757 | 143.633351757 | 138.758157552 | 138.68774149 | 107.437724782 |
| 4/13/2024 | 155.145887593 | 144.335660079 | 144.335660079 | 139.268912279 | 139.198259792 | 107.634212916 |
| 4/14/2024 | 155.177486746 | 144.343363572 | 144.343363572 | 139.331121229 | 139.260867414 | 107.695174387 |
| 4/15/2024 | 155.722889644 | 144.845529229 | 144.845529229 | 139.922894131 | 139.852100621 | 108.172906462 |
| 4/16/2024 | 156.714111729 | 145.887656586 | 145.887656586 | 140.852236726 | 140.781753114 | 108.850326877 |
| 4/17/2024 | 154.426202213 | 143.871186818 | 143.871186818 | 138.92978922 | 138.859136733 | 109.03705796 |
| 4/18/2024 | 157.655151122 | 147.112697061 | 147.112697061 | 142.124084793 | 142.053502818 | 109.626703875 |
| 4/19/2024 | 156.332323897 | 145.873449989 | 145.873449989 | 140.841552049 | 140.770899562 | 109.818107184 |
| 4/20/2024 | 156.443590839 | 145.987500425 | 145.987500425 | 140.902871947 | 140.832408854 | 109.834873894 |
| 4/21/2024 | 158.618140123 | 148.202781188 | 148.202781188 | 143.095817705 | 143.025024195 | 109.770538268 |
| 4/22/2024 | 159.078944225 | 148.528608802 | 148.528608802 | 143.360838392 | 143.289974371 | 110.176193831 |
| 4/23/2024 | 159.115902564 | 148.343307236 | 148.343307236 | 143.164789486 | 143.093995976 | 110.322541426 |
| 4/24/2024 | 159.655831409 | 148.356036547 | 148.356036547 | 143.203171802 | 143.132378292 | 110.356203973 |
| 4/25/2024 | 159.692617837 | 148.365986455 | 148.365986455 | 143.218037543 | 143.147385056 | 110.338434563 |
| 4/26/2024 | 159.483450561 | 148.172982912 | 148.172982912 | 143.026605624 | 142.956189351 | 110.235570648 |
| 4/27/2024 | 159.658893665 | 148.325233086 | 148.325233086 | 143.098298323 | 143.027840518 | 110.245517579 |
| 4/28/2024 | 159.652286688 | 148.329717942 | 148.329717942 | 143.116348447 | 143.045997608 | 110.265964617 |
| 4/29/2024 | 159.376900792 | 148.156692208 | 148.156692208 | 142.964187432 | 142.893676744 | 110.324811294 |
| 4/30/2024 | 159.530378325 | 148.387462696 | 148.387462696 | 143.216793117 | 143.146437695 | 110.376575387 |
| 5/1/2024 | 159.16409151 | 148.035441813 | 148.035441813 | 142.90586833 | 142.835501697 | 110.209255303 |
| 5/2/2024 | 159.307237711 | 148.332915257 | 148.332915257 | 143.145817763 | 143.07569524 | 110.314646299 |
| 5/3/2024 | 159.949728474 | 149.023504309 | 149.023504309 | 143.767021234 | 143.696227724 | 110.613549804 |
| 5/4/2024 | 160.162771797 | 149.332748967 | 149.332748967 | 143.980409255 | 143.910010186 | 110.745496055 |
| 5/5/2024 | 160.241205635 | 149.323084211 | 149.323084211 | 143.94206407 | 143.871612259 | 110.636188433 |
| 5/6/2024 | 160.179421404 | 149.201466699 | 149.201466699 | 143.907449929 | 143.836867954 | 110.93244506 |
| 5/7/2024 | 159.922868369 | 149.017142282 | 149.017142282 | 143.719285139 | 143.648889737 | 110.78280636 |
| 5/8/2024 | 159.819792884 | 148.861135633 | 148.861135633 | 143.516682393 | 143.446029906 | 110.741959662 |
| 5/9/2024 | 159.86530149 | 148.893886766 | 148.893886766 | 143.518740767 | 143.448446619 | 110.73634364 |
| 5/10/2024 | 159.654945817 | 148.677638374 | 148.677638374 | 143.295977684 | 143.225395709 | 110.519575313 |
| 5/11/2024 | 159.787340241 | 148.797578046 | 148.797578046 | 143.400449114 | 143.32993765 | 110.603634065 |
| 5/12/2024 | 159.74265192 | 148.760664973 | 148.760664973 | 143.358116396 | 143.287830921 | 110.573815188 |
| 5/13/2024 | 159.834325286 | 148.812558421 | 148.812558421 | 143.414016422 | 143.343646475 | 110.595556329 |
| 5/14/2024 | 159.607734647 | 148.624379141 | 148.624379141 | 143.255316411 | 143.184170344 | 110.662498986 |
| 5/15/2024 | 160.18401683 | 149.067902289 | 149.067902289 | 143.674984428 | 143.60448199 | 110.717237401 |
| 5/16/2024 | 160.323999557 | 149.282084491 | 149.282084491 | 143.914758712 | 143.844247248 | 110.899115803 |
| 5/17/2024 | 160.480623782 | 149.526805709 | 149.526805709 | 144.162262851 | 144.091610364 | 111.016525058 |
| 5/18/2024 | 160.909959111 | 149.800483075 | 149.800483075 | 144.368975095 | 144.298322608 | 111.124893148 |
| 5/19/2024 | 160.863169209 | 149.769471851 | 149.769471851 | 144.330705159 | 144.260123184 | 111.128449259 |
| 5/20/2024 | 160.5633159 | 149.395148424 | 149.395148424 | 144.081685758 | 144.011033271 | 111.052418306 |
| 5/21/2024 | 160.63969441 | 149.455897901 | 149.455897901 | 144.204632899 | 144.133698366 | 111.40983162 |
| 5/22/2024 | 160.593772248 | 149.479031019 | 149.479031019 | 144.233942516 | 144.163512352 | 111.427321786 |
| 5/23/2024 | 160.412027895 | 149.258011613 | 149.258011613 | 144.044138683 | 143.973769441 | 111.572269413 |
| 5/24/2024 | 160.865852403 | 149.249457539 | 149.249457539 | 144.026624107 | 143.95597162 | 111.550949298 |
| 5/25/2024 | 160.867445674 | 149.225273366 | 149.225273366 | 144.005941755 | 143.935430291 | 111.588108133 |
| 5/26/2024 | 160.568916505 | 149.104342264 | 149.104342264 | 143.903522722 | 143.832729212 | 111.560113627 |
| 5/27/2024 | 160.489764541 | 148.998037161 | 148.998037161 | 143.748879923 | 143.678227436 | 111.50083253 |
| 5/28/2024 | 160.232520763 | 148.68393745 | 148.68393745 | 143.440767793 | 143.370316334 | 111.440850787 |
| 5/29/2024 | 159.896964433 | 148.57975103 | 148.57975103 | 143.343358684 | 143.272888469 | 111.469246211 |
| 5/30/2024 | 160.310710823 | 148.851573483 | 148.851573483 | 143.588371417 | 143.517648419 | 111.547940808 |
| 5/31/2024 | 160.433705106 | 148.996061298 | 148.996061298 | 143.775722017 | 143.705140042 | 111.670666791 |
| 6/1/2024 | 160.487481834 | 149.026974937 | 149.026974937 | 143.797002127 | 143.726835605 | 111.74241188 |
| 6/2/2024 | 160.264195811 | 149.024663296 | 149.024663296 | 143.830006411 | 143.759784749 | 111.768176445 |
| 6/3/2024 | 160.583155539 | 149.423671428 | 149.423671428 | 144.261057265 | 144.19047529 | 112.253386803 |
| 6/4/2024 | 160.871397662 | 149.506202204 | 149.506202204 | 144.332386641 | 144.261875177 | 112.246152774 |
| 6/5/2024 | 160.962244724 | 149.81820547 | 149.81820547 | 144.598898193 | 144.528316218 | 112.31508478 |
| 6/6/2024 | 161.20815228 | 149.726046396 | 149.726046396 | 144.545481499 | 144.474970035 | 112.350781269 |
| 6/7/2024 | 161.530822078 | 149.459765034 | 149.459765034 | 144.26925709 | 144.198745626 | 112.364113019 |
| 6/8/2024 | 161.577058784 | 149.406026916 | 149.406026916 | 144.231411743 | 144.160958733 | 112.352062755 |
| 6/9/2024 | 161.62998437 | 149.428408569 | 149.428408569 | 144.24439668 | 144.174208229 | 112.35205725 |
| 6/10/2024 | 161.303269275 | 149.385998143 | 149.385998143 | 144.173121747 | 144.10292004 | 112.40018274 |
| 6/11/2024 | 161.12764813 | 149.409839793 | 149.409839793 | 144.205179078 | 144.135188059 | 112.403196183 |
| 6/12/2024 | 161.384232941 | 149.668133103 | 149.668133103 | 144.463576725 | 144.394425286 | 112.392502753 |
| 6/13/2024 | 161.476974502 | 149.784829751 | 149.784829751 | 144.603764759 | 144.533596263 | 112.360161557 |
| 6/14/2024 | 161.533961336 | 149.938122886 | 149.938122886 | 144.804088851 | 144.734008988 | 112.438892495 |
| 6/15/2024 | 161.263418895 | 149.670921267 | 149.670921267 | 144.516844162 | 144.447430844 | 112.404705952 |
| 6/16/2024 | 161.356652051 | 149.770885635 | 149.770885635 | 144.620015239 | 144.550222498 | 112.469528689 |
| 6/17/2024 | 161.191896764 | 149.743894833 | 149.743894833 | 144.563428903 | 144.492635393 | 112.434908442 |
| 6/18/2024 | 161.646862613 | 150.037468117 | 150.037468117 | 144.865172002 | 144.796501099 | 112.429308678 |
| 6/19/2024 | 161.341653938 | 150.038476666 | 150.038476666 | 144.877678874 | 144.81100817 | 112.422743974 |
| 6/20/2024 | 161.53706763 | 150.089848258 | 150.089848258 | 144.991047815 | 144.925030611 | 112.72767016 |
| 6/21/2024 | 161.8182777 | 150.20489602 | 150.20489602 | 145.120272229 | 145.051864545 | 112.768729394 |
| 6/22/2024 | 161.838172829 | 150.231689356 | 150.231689356 | 145.110700261 | 145.04431541 | 112.74518506 |
| 6/23/2024 | 161.54930101 | 150.161198532 | 150.161198532 | 145.041331441 | 144.970990121 | 112.712121558 |
| 6/24/2024 | 161.495662131 | 150.163083956 | 150.163083956 | 145.065260502 | 144.994827729 | 112.837386516 |
| 6/25/2024 | 161.525915483 | 150.228256559 | 150.228256559 | 145.123062413 | 145.052550949 | 112.675718651 |
| 6/26/2024 | 161.559887918 | 150.16147689 | 150.16147689 | 145.106819246 | 145.036355589 | 112.501741675 |
| 6/27/2024 | 161.466849772 | 149.857824256 | 149.857824256 | 144.774542264 | 144.704132548 | 112.456905562 |
| 6/28/2024 | 161.212166781 | 149.519820173 | 149.519820173 | 144.477827125 | 144.407348872 | 112.511901163 |
| 6/29/2024 | 161.191667213 | 149.665943531 | 149.665943531 | 144.60604488 | 144.535533416 | 112.633305704 |
| 6/30/2024 | 160.950688158 | 149.542093749 | 149.542093749 | 144.535415471 | 144.464942295 | 112.644085827 |
| 7/1/2024 | 161.156657395 | 149.795821666 | 149.795821666 | 144.728323781 | 144.657877893 | 112.528906376 |
| 7/2/2024 | 161.078959413 | 149.760126033 | 149.760126033 | 144.661787589 | 144.592303999 | 112.414097319 |
| 7/3/2024 | 161.15047286 | 149.841770392 | 149.841770392 | 144.754043888 | 144.685122715 | 112.321847819 |
| 7/4/2024 | 161.476621747 | 150.156225729 | 150.156225729 | 145.097663511 | 145.029140709 | 112.468091106 |
| 7/5/2024 | 161.84040838 | 150.687836274 | 150.687836274 | 145.576132354 | 145.506064798 | 112.245912309 |
| 7/6/2024 | 161.912885926 | 150.833246249 | 150.833246249 | 145.600590705 | 145.532588613 | 112.181849713 |
| 7/7/2024 | 161.931858824 | 150.844304386 | 150.844304386 | 145.612633109 | 145.542982622 | 112.192511744 |
| 7/8/2024 | 161.93597275 | 150.827820448 | 150.827820448 | 145.670357958 | 145.601473279 | 112.141060909 |
| 7/9/2024 | 162.241691443 | 151.087047794 | 151.087047794 | 145.915936412 | 145.846533734 | 112.26856318 |
| 7/10/2024 | 162.599144949 | 151.315927057 | 151.315927057 | 146.143091352 | 146.07364648 | 112.364578514 |
| 7/11/2024 | 162.665689189 | 151.212202221 | 151.212202221 | 146.020204789 | 145.950276256 | 112.371024626 |
| 7/12/2024 | 162.374536648 | 151.089386248 | 151.089386248 | 145.86621937 | 145.7954567 | 112.527287879 |
| 7/13/2024 | 162.654695206 | 151.376679444 | 151.376679444 | 146.101344346 | 146.031832882 | 112.469048012 |
| 7/14/2024 | 163.058479439 | 151.547311967 | 151.547311967 | 146.285653252 | 146.214404002 | 112.65158706 |
| 7/15/2024 | 163.138827539 | 151.827632236 | 151.827632236 | 146.581097396 | 146.512028095 | 112.977167082 |
| 7/16/2024 | 163.419421141 | 152.123056501 | 152.123056501 | 146.854823992 | 146.786925472 | 113.216677692 |
| 7/17/2024 | 163.617154542 | 152.285597324 | 152.285597324 | 147.045432885 | 146.980046996 | 113.605223018 |
| 7/18/2024 | 163.606734835 | 152.244011129 | 152.244011129 | 147.022265375 | 146.95362628 | 113.678352175 |
| 7/19/2024 | 164.556058767 | 153.161739517 | 153.161739517 | 147.893959358 | 147.824667689 | 114.20130655 |
| 7/20/2024 | 164.557090154 | 153.150850445 | 153.150850445 | 147.767971313 | 147.697834246 | 114.015056195 |
| 7/21/2024 | 164.553434379 | 153.14717247 | 153.14717247 | 147.811254209 | 147.741534211 | 114.180894195 |
| 7/22/2024 | 164.663119536 | 153.246403885 | 153.246403885 | 148.003121793 | 147.933610329 | 114.307338921 |
| 7/23/2024 | 164.884222686 | 153.465905428 | 153.465905428 | 148.234501802 | 148.166618714 | 114.433699332 |
| 7/24/2024 | 164.712699345 | 153.291998004 | 153.291998004 | 148.097997748 | 148.028561356 | 114.424345507 |
| 7/25/2024 | 164.264852854 | 152.927373968 | 152.927373968 | 147.746432322 | 147.677194664 | 114.315607314 |
| 7/26/2024 | 164.501291565 | 153.268225984 | 153.268225984 | 148.109227133 | 148.039576646 | 114.325513751 |
| 7/27/2024 | 164.674723965 | 153.456882496 | 153.456882496 | 148.269503142 | 148.199922167 | 114.459557936 |
| 7/28/2024 | 164.653187877 | 153.433326854 | 153.433326854 | 148.249086572 | 148.179867265 | 114.459214526 |
| 7/29/2024 | 164.292735912 | 153.060521654 | 153.060521654 | 147.920784902 | 147.852397021 | 114.513725531 |
| 7/30/2024 | 164.261707664 | 152.944877118 | 152.944877118 | 147.733838215 | 147.667670392 | 114.518259273 |
| 7/31/2024 | 164.212038009 | 152.89883721 | 152.89883721 | 147.707595268 | 147.638014293 | 114.662166761 |
| 8/1/2024 | 163.812784937 | 152.474435196 | 152.474435196 | 147.29249214 | 147.222911165 | 114.667956088 |
| 8/2/2024 | 163.925658515 | 152.530918822 | 152.530918822 | 147.368557421 | 147.298976446 | 114.709383647 |
| 8/3/2024 | 164.001704884 | 152.631404501 | 152.631404501 | 147.46931801 | 147.399737035 | 114.694368645 |
| 8/4/2024 | 164.149775145 | 152.788711307 | 152.788711307 | 147.59580924 | 147.526228265 | 114.694368645 |
| 8/5/2024 | 164.274860865 | 153.098107779 | 153.098107779 | 147.961836525 | 147.892186038 | 114.572011258 |
| 8/6/2024 | 164.761227738 | 153.589057634 | 153.589057634 | 148.434205948 | 148.365214152 | 114.556867042 |
| 8/7/2024 | 166.378047433 | 155.111729551 | 155.111729551 | 149.952797077 | 149.883360268 | 115.65667375 |
| 8/8/2024 | 166.029067637 | 154.814611784 | 154.814611784 | 149.666420955 | 149.59683998 | 115.532191788 |
| 8/9/2024 | 166.237238253 | 154.774521617 | 154.774521617 | 149.639979791 | 149.570468327 | 115.574281399 |
| 8/10/2024 | 165.867221605 | 154.616914341 | 154.616914341 | 149.481009603 | 149.411677062 | 115.445826851 |
| 8/11/2024 | 166.280570649 | 155.011140094 | 155.011140094 | 149.885315159 | 149.815595161 | 115.75632208 |
| 8/12/2024 | 166.654354843 | 155.134218347 | 155.134218347 | 150.016475974 | 149.947058351 | 115.889054746 |
| 8/13/2024 | 167.03151408 | 155.339266604 | 155.339266604 | 150.228117465 | 150.158466978 | 116.129081961 |
| 8/14/2024 | 167.672728862 | 155.904359978 | 155.904359978 | 150.754285569 | 150.684826447 | 116.650846694 |
| 8/15/2024 | 167.865309723 | 155.991426775 | 155.991426775 | 150.852337867 | 150.782969041 | 116.699423797 |
| 8/16/2024 | 168.46784519 | 156.413625386 | 156.413625386 | 151.258943399 | 151.189431935 | 116.83396926 |
| 8/17/2024 | 168.55776772 | 156.501069957 | 156.501069957 | 151.335516017 | 151.266085603 | 116.88729926 |
| 8/18/2024 | 168.543569984 | 156.460489768 | 156.460489768 | 151.30311341 | 151.233687932 | 116.88895776 |
| 8/19/2024 | 168.519632762 | 156.600245186 | 156.600245186 | 151.503231881 | 151.433845538 | 116.995756969 |
| 8/20/2024 | 168.950062365 | 156.727207363 | 156.727207363 | 151.641014804 | 151.571680038 | 117.262503316 |
| 8/21/2024 | 169.212054222 | 156.943318175 | 156.943318175 | 151.869667203 | 151.80030074 | 117.371515154 |
| 8/22/2024 | 169.365445122 | 157.001162115 | 157.001162115 | 151.931257163 | 151.86185365 | 117.648169338 |
| 8/23/2024 | 169.978152542 | 157.185069267 | 157.185069267 | 152.120911574 | 152.051701512 | 117.627722034 |
| 8/24/2024 | 170.330963405 | 157.520313593 | 157.520313593 | 152.458501359 | 152.389060032 | 117.960181426 |
| 8/25/2024 | 170.315417581 | 157.304542837 | 157.304542837 | 152.235128171 | 152.165705126 | 117.82654008 |
| 8/26/2024 | 170.062628454 | 157.268010075 | 157.268010075 | 152.031657892 | 151.962329521 | 117.910201291 |
| 8/27/2024 | 169.993994326 | 157.207624504 | 157.207624504 | 151.94584072 | 151.875912187 | 118.055107985 |
| 8/28/2024 | 170.221634724 | 157.329388145 | 157.329388145 | 152.072676181 | 152.00339202 | 118.071957569 |
| 8/29/2024 | 170.468156595 | 157.937229468 | 157.937229468 | 152.68442848 | 152.614917016 | 118.195672005 |
| 8/30/2024 | 170.352308599 | 158.037081684 | 158.037081684 | 152.789308208 | 152.720311198 | 118.210924869 |
| 8/31/2024 | 170.078406501 | 157.767830035 | 157.767830035 | 152.528456121 | 152.459520212 | 118.025215506 |
| 9/1/2024 | 170.523453561 | 158.210620964 | 158.210620964 | 152.956647013 | 152.887192062 | 118.329335994 |
| 9/2/2024 | 170.412623203 | 157.963691417 | 157.963691417 | 152.718060452 | 152.648633653 | 118.081163534 |
| 9/3/2024 | 170.017125941 | 157.87964816 | 157.87964816 | 152.619178958 | 152.549735268 | 118.12098428 |
| 9/4/2024 | 170.369522229 | 158.083285848 | 158.083285848 | 152.891873175 | 152.822617096 | 118.128267807 |
| 9/5/2024 | 170.07803611 | 158.033982876 | 158.033982876 | 152.871725645 | 152.802426886 | 118.099392311 |
| 9/6/2024 | 170.035802308 | 158.081342144 | 158.081342144 | 152.811778762 | 152.742438018 | 118.133075576 |
| 9/7/2024 | 170.291380269 | 158.149339624 | 158.149339624 | 152.865302354 | 152.796054617 | 118.094548512 |
| 9/8/2024 | 170.238216764 | 158.296221047 | 158.296221047 | 153.003272981 | 152.933622494 | 118.177509123 |
| 9/9/2024 | 170.944944985 | 158.802322647 | 158.802322647 | 153.530289967 | 153.461630853 | 118.539409927 |
| 9/10/2024 | 170.783540569 | 158.887026422 | 158.887026422 | 153.610609666 | 153.54127782 | 118.433539059 |
| 9/11/2024 | 170.799641857 | 158.907488138 | 158.907488138 | 153.623980144 | 153.554865382 | 118.416549802 |
| 9/12/2024 | 170.572253461 | 158.884384454 | 158.884384454 | 153.593916421 | 153.524621207 | 118.373416045 |
| 9/13/2024 | 171.341510369 | 159.515461527 | 159.515461527 | 154.197956809 | 154.128499356 | 118.608616138 |
| 9/14/2024 | 172.018635069 | 159.966645055 | 159.966645055 | 154.632245724 | 154.562740238 | 119.047660344 |
| 9/15/2024 | 171.671575535 | 159.8284752 | 159.8284752 | 154.492455794 | 154.422975958 | 118.931099377 |
| 9/16/2024 | 171.307705189 | 159.322137228 | 159.322137228 | 153.991370548 | 153.92200054 | 118.689782497 |
| 9/17/2024 | 171.905741266 | 159.73926962 | 159.73926962 | 154.44499555 | 154.377841081 | 118.9721046 |
| 9/18/2024 | 172.128074928 | 159.577327588 | 159.577327588 | 154.328364226 | 154.260606189 | 118.896720603 |
| 9/19/2024 | 172.028573671 | 159.574993018 | 159.574993018 | 154.431684302 | 154.362440805 | 118.997000159 |
| 9/20/2024 | 172.602512929 | 159.826639937 | 159.826639937 | 154.762469653 | 154.692989817 | 119.161364466 |
| 9/21/2024 | 172.858918491 | 160.061738325 | 160.061738325 | 154.992004639 | 154.924024791 | 119.276518054 |
| 9/22/2024 | 172.752616515 | 159.935512478 | 159.935512478 | 154.878345751 | 154.809257264 | 119.157360693 |
| 9/23/2024 | 172.66044616 | 159.992629785 | 159.992629785 | 154.888016377 | 154.818782055 | 119.209005948 |
| 9/24/2024 | 172.693189131 | 160.054470881 | 160.054470881 | 155.029188593 | 154.961393367 | 119.190344327 |
| 9/25/2024 | 172.928041823 | 160.22963718 | 160.22963718 | 155.15948272 | 155.089971256 | 119.274429856 |
| 9/26/2024 | 173.387031032 | 160.555672336 | 160.555672336 | 155.473260393 | 155.404063329 | 119.347429356 |
| 9/27/2024 | 173.132906704 | 160.501532971 | 160.501532971 | 155.497804639 | 155.428628081 | 119.381689597 |
| 9/28/2024 | 173.158177752 | 160.519618059 | 160.519618059 | 155.513573163 | 155.445278428 | 119.406925003 |
| 9/29/2024 | 173.145736671 | 160.528030405 | 160.528030405 | 155.499031564 | 155.430705618 | 119.462461852 |
| 9/30/2024 | 172.507259071 | 159.868469253 | 159.868469253 | 154.836471655 | 154.768150853 | 119.594589074 |
| 10/1/2024 | 172.917351158 | 159.854810276 | 159.854810276 | 155.02552974 | 154.958460005 | 119.650346135 |
| 10/2/2024 | 173.04218071 | 160.063860262 | 160.063860262 | 155.030132371 | 154.960736088 | 119.633735737 |
| 10/3/2024 | 172.912350715 | 159.980975575 | 159.980975575 | 154.976502616 | 154.907686892 | 119.613458484 |
| 10/4/2024 | 172.94974365 | 159.980163306 | 159.980163306 | 154.978645849 | 154.909552358 | 119.613173396 |
| 10/5/2024 | 173.731866964 | 160.528714234 | 160.528714234 | 155.521950725 | 155.45330732 | 120.029038935 |
| 10/6/2024 | 172.509388671 | 159.614507192 | 159.614507192 | 154.607363982 | 154.538888586 | 119.268972945 |
| 10/7/2024 | 173.085725379 | 160.18884041 | 160.18884041 | 154.968472336 | 154.899152585 | 119.800509802 |
| 10/8/2024 | 173.176393692 | 159.802210164 | 159.802210164 | 154.594468937 | 154.526177052 | 119.733298919 |
| 10/9/2024 | 173.214275883 | 159.503894573 | 159.503894573 | 154.325340465 | 154.256472469 | 119.728449348 |
| 10/10/2024 | 172.834597599 | 159.366010189 | 159.366010189 | 154.200161295 | 154.131040486 | 119.678684469 |
| 10/11/2024 | 173.20627546 | 159.640186357 | 159.640186357 | 154.495316108 | 154.426169162 | 119.713343886 |
| 10/12/2024 | 173.483425599 | 159.716118339 | 159.716118339 | 154.55951271 | 154.490547328 | 119.731227066 |
| 10/13/2024 | 173.799150818 | 159.986010116 | 159.986010116 | 154.835911234 | 154.767590571 | 119.97068952 |
| 10/14/2024 | 173.07913146 | 159.557616016 | 159.557616016 | 154.443318285 | 154.374456962 | 119.759196663 |
| 10/15/2024 | 173.133608209 | 159.534800918 | 159.534800918 | 154.419101938 | 154.350282669 | 119.729083804 |
| 10/16/2024 | 172.853805613 | 159.551238778 | 159.551238778 | 154.423942167 | 154.3553518 | 119.849731302 |
| 10/17/2024 | 172.832223103 | 159.609530065 | 159.609530065 | 154.51022316 | 154.442131398 | 119.987498938 |
| 10/18/2024 | 173.150726396 | 159.900627067 | 159.900627067 | 154.794754244 | 154.726907649 | 120.061403581 |
| 10/19/2024 | 173.173735916 | 159.840947156 | 159.840947156 | 154.738233988 | 154.670833101 | 120.029907529 |
| 10/20/2024 | 173.069260326 | 159.725370422 | 159.725370422 | 154.617042062 | 154.550143812 | 119.892595237 |
| 10/21/2024 | 173.256417003 | 159.633726285 | 159.633726285 | 154.596335571 | 154.529350672 | 120.113836282 |
| 10/22/2024 | 173.124975032 | 159.399191225 | 159.399191225 | 154.427905968 | 154.359912043 | 120.080509533 |
| 10/23/2024 | 172.622163868 | 159.173246359 | 159.173246359 | 154.220425432 | 154.152869775 | 120.108145288 |
| 10/24/2024 | 171.991138468 | 158.729713091 | 158.729713091 | 153.794191858 | 153.726411268 | 119.682255894 |
| 10/25/2024 | 172.865754132 | 159.41546958 | 159.41546958 | 154.532599807 | 154.464576955 | 120.083115641 |
| 10/26/2024 | 172.946630185 | 159.50591981 | 159.50591981 | 154.578066091 | 154.510235766 | 120.157096379 |
| 10/27/2024 | 173.372263493 | 159.828278638 | 159.828278638 | 154.919362224 | 154.853636935 | 120.439762853 |
| 10/28/2024 | 172.596641541 | 159.272617424 | 159.272617424 | 154.405685547 | 154.337760323 | 119.942921071 |
| 10/29/2024 | 173.212019217 | 159.904700402 | 159.904700402 | 155.002386932 | 154.934369743 | 120.436072197 |
| 10/30/2024 | 173.46628707 | 160.195106663 | 160.195106663 | 155.266391863 | 155.199040603 | 120.421539375 |
| 10/31/2024 | 172.859985274 | 159.651031937 | 159.651031937 | 154.832493777 | 154.764557228 | 120.343914501 |
| 11/1/2024 | 173.31497676 | 160.086204025 | 160.086204025 | 155.201875666 | 155.135420658 | 120.512798318 |
| 11/2/2024 | 173.379165118 | 160.072904063 | 160.072904063 | 155.2062314 | 155.138979815 | 120.349357582 |
| 11/3/2024 | 173.685881569 | 160.33623943 | 160.33623943 | 155.456768673 | 155.388635231 | 120.534696883 |
| 11/4/2024 | 175.095084023 | 161.688548251 | 161.688548251 | 156.802458968 | 156.734326618 | 121.631435316 |
| 11/5/2024 | 175.211661393 | 161.950184077 | 161.950184077 | 157.185940743 | 157.114510742 | 121.629599057 |
| 11/6/2024 | 176.967231135 | 163.919100755 | 163.919100755 | 159.124597754 | 159.056412871 | 122.240701088 |
| 11/7/2024 | 177.684841376 | 164.222106509 | 164.222106509 | 159.509920666 | 159.441763892 | 122.604212427 |
| 11/8/2024 | 178.826455871 | 165.313853758 | 165.313853758 | 160.572605673 | 160.504313952 | 123.428055689 |
| 11/9/2024 | 178.870830793 | 165.507478425 | 165.507478425 | 160.769919239 | 160.701857295 | 123.818981278 |
| 11/10/2024 | 180.106779454 | 166.589305316 | 166.589305316 | 161.848019994 | 161.779455379 | 124.585944103 |
| 11/11/2024 | 180.767968202 | 167.476554939 | 167.476554939 | 162.752968868 | 162.685046237 | 125.803947511 |
| 11/12/2024 | 180.928617571 | 167.849423364 | 167.849423364 | 163.23075026 | 163.162654136 | 126.732726773 |
| 11/13/2024 | 181.955693805 | 168.835327651 | 168.835327651 | 164.181276043 | 164.11356777 | 127.544683612 |
| 11/14/2024 | 184.204593784 | 170.87607201 | 170.87607201 | 166.223252386 | 166.156125377 | 129.320717439 |
| 11/15/2024 | 184.404351043 | 170.76071115 | 170.76071115 | 166.117603375 | 166.050006579 | 129.191516826 |
| 11/16/2024 | 184.763462706 | 171.02276342 | 171.02276342 | 166.365423732 | 166.297403268 | 129.262789163 |
| 11/17/2024 | 185.194554336 | 171.311872735 | 171.311872735 | 166.649016598 | 166.581413662 | 129.567822731 |
| 11/18/2024 | 185.423848703 | 171.622536851 | 171.622536851 | 166.977303227 | 166.909421325 | 129.587523499 |
| 11/19/2024 | 186.100327743 | 172.20105383 | 172.20105383 | 167.499488476 | 167.431531051 | 130.072324581 |
| 11/20/2024 | 187.903234793 | 174.028727214 | 174.028727214 | 169.296380447 | 169.229438187 | 131.375440876 |
| 11/21/2024 | 188.721987504 | 174.797870312 | 174.797870312 | 170.057318861 | 169.991115121 | 131.822571018 |
| 11/22/2024 | 190.644932014 | 176.576565508 | 176.576565508 | 171.866647044 | 171.799029713 | 133.006293477 |
| 11/23/2024 | 192.432610822 | 178.234201324 | 178.234201324 | 173.474765602 | 173.406722556 | 134.281468937 |
| 11/24/2024 | 192.779692231 | 178.454719007 | 178.454719007 | 173.726068827 | 173.657299542 | 134.559060377 |
| 11/25/2024 | 191.698063694 | 177.685435583 | 177.685435583 | 172.970120098 | 172.902320201 | 134.332692404 |
| 11/26/2024 | 192.051523731 | 177.932733634 | 177.932733634 | 173.315792178 | 173.248153629 | 134.722943242 |
| 11/27/2024 | 193.640776404 | 179.490107764 | 179.490107764 | 174.764205044 | 174.69882326 | 135.137486676 |
| 11/28/2024 | 194.563803095 | 180.305765602 | 180.305765602 | 175.578207697 | 175.510213294 | 136.101818194 |
| 11/29/2024 | 195.323601499 | 180.960866868 | 180.960866868 | 176.212800854 | 176.143554005 | 136.40798013 |
| 11/30/2024 | 193.432955454 | 179.140958381 | 179.140958381 | 174.461647789 | 174.392673833 | 134.52683349 |
| 12/1/2024 | 193.712013578 | 179.406621011 | 179.406621011 | 174.707856211 | 174.640832765 | 134.611017547 |
| 12/2/2024 | 194.622330997 | 179.993389039 | 179.993389039 | 175.28752089 | 175.2243314 | 135.282385653 |
| 12/3/2024 | 195.008538387 | 180.352527937 | 180.352527937 | 175.657768285 | 175.591869163 | 135.473574254 |
| 12/4/2024 | 196.296481031 | 181.595029757 | 181.595029757 | 176.954688556 | 176.888985371 | 136.317523367 |
| 12/5/2024 | 196.87610672 | 181.955460456 | 181.955460456 | 177.39125103 | 177.323831001 | 137.112253358 |
| 12/6/2024 | 198.012957306 | 183.921705266 | 183.921705266 | 179.3726614 | 179.305023397 | 138.176856741 |
| 12/7/2024 | 198.449163622 | 184.133759467 | 184.133759467 | 179.592330259 | 179.532914961 | 138.401080741 |
| 12/8/2024 | 199.350498384 | 183.91484131 | 183.91484131 | 179.339257519 | 179.27577576 | 138.337361929 |
| 12/9/2024 | 199.408035668 | 183.942324793 | 183.942324793 | 179.46348702 | 179.393012148 | 138.781859312 |
| 12/10/2024 | 199.786691672 | 184.183513185 | 184.183513185 | 179.68204146 | 179.616808608 | 138.915791058 |
| 12/11/2024 | 202.031437291 | 186.195928422 | 186.195928422 | 181.673589013 | 181.603796376 | 140.00580045 |
| 12/12/2024 | 202.513946496 | 186.505253687 | 186.505253687 | 182.004318226 | 181.937383948 | 140.40491098 |
| 12/13/2024 | 203.429109186 | 187.02153669 | 187.02153669 | 182.498581649 | 182.431552541 | 140.448004125 |
| 12/14/2024 | 203.691326369 | 187.182640769 | 187.182640769 | 182.643084681 | 182.575008888 | 140.537641436 |
| 12/15/2024 | 203.793834688 | 187.234058588 | 187.234058588 | 182.732551566 | 182.664513159 | 140.568004125 |
| 12/16/2024 | 204.296879469 | 187.751485442 | 187.751485442 | 183.219914273 | 183.153738845 | 140.758577764 |
| 12/17/2024 | 204.514849969 | 188.020186433 | 188.020186433 | 183.479260517 | 183.412680115 | 140.880782929 |
| 12/18/2024 | 204.716145158 | 187.846473008 | 187.846473008 | 183.330542737 | 183.258839842 | 140.922490659 |
| 12/19/2024 | 205.225505913 | 187.948460994 | 187.948460994 | 183.439030443 | 183.370261158 | 140.886878527 |
| 12/20/2024 | 205.291340246 | 187.648644358 | 187.648644358 | 183.210058497 | 183.14204506 | 140.385777553 |
| 12/21/2024 | 205.328592344 | 187.560940009 | 187.560940009 | 183.113889356 | 183.04742432 | 140.061740871 |
| 12/22/2024 | 205.99315632 | 187.879688434 | 187.879688434 | 183.463594027 | 183.394483624 | 140.292853908 |
| 12/23/2024 | 205.509927943 | 187.20573436 | 187.20573436 | 182.776950003 | 182.709075401 | 139.688611814 |
| 12/24/2024 | 205.932596422 | 187.224499903 | 187.224499903 | 182.783887088 | 182.716873057 | 139.66497467 |
| 12/25/2024 | 206.204320894 | 187.354492681 | 187.354492681 | 182.885552794 | 182.821048637 | 139.675859154 |
| 12/26/2024 | 206.69985267 | 187.542821289 | 187.542821289 | 183.063978581 | 182.995924142 | 139.53185765 |
| 12/27/2024 | 206.959768106 | 187.319593573 | 187.319593573 | 182.870854666 | 182.80274367 | 139.272991974 |
| 12/28/2024 | 206.756974893 | 187.339895481 | 187.339895481 | 182.89154322 | 182.823984629 | 139.205722458 |
| 12/29/2024 | 206.272983483 | 186.833062854 | 186.833062854 | 182.505770979 | 182.437479258 | 138.851015375 |
| 12/30/2024 | 205.580196475 | 186.114818423 | 186.114818423 | 181.698021726 | 181.630179394 | 137.825770033 |
| 12/31/2024 | 204.933151363 | 185.746906908 | 185.746906908 | 181.368453285 | 181.300524923 | 137.388677499 |
| 1/1/2025 | 204.480593731 | 185.464138342 | 185.464138342 | 181.169826934 | 181.10196937 | 137.416189761 |
| 1/2/2025 | 206.421107526 | 186.478858766 | 186.478858766 | 182.069516216 | 182.001397306 | 137.56283174 |
| 1/3/2025 | 208.164827011 | 187.307170798 | 187.307170798 | 182.858754472 | 182.790719135 | 137.474579521 |
| 1/4/2025 | 208.124418018 | 187.583300736 | 187.583300736 | 183.121254957 | 183.052015617 | 137.521413557 |
| 1/5/2025 | 208.070442251 | 187.661926171 | 187.661926171 | 183.187586498 | 183.120180591 | 137.563370382 |
| 1/6/2025 | 208.343118009 | 187.892496798 | 187.892496798 | 183.403763372 | 183.341298493 | 137.645514579 |
| 1/7/2025 | 207.813617487 | 187.47658509 | 187.47658509 | 183.029115036 | 182.9662956 | 137.505135441 |
| 1/8/2025 | 207.908547935 | 187.742028518 | 187.742028518 | 183.297968619 | 183.234681898 | 137.935774895 |
| 1/9/2025 | 207.64835781 | 187.708471517 | 187.708471517 | 183.245202193 | 183.187326228 | 137.761713901 |
| 1/10/2025 | 207.824273168 | 187.962910209 | 187.962910209 | 183.53150449 | 183.471494358 | 137.7222411 |
| 1/11/2025 | 207.716417411 | 187.882114631 | 187.882114631 | 183.466216066 | 183.408958012 | 137.665311556 |
| 1/12/2025 | 208.014836827 | 188.03056921 | 188.03056921 | 183.541138821 | 183.481016721 | 137.735645823 |
| 1/13/2025 | 207.940171986 | 187.722319176 | 187.722319176 | 183.208254091 | 183.148508726 | 137.530090663 |
| 1/14/2025 | 208.235361562 | 187.905346755 | 187.905346755 | 183.381097751 | 183.320633395 | 137.582647233 |
| 1/15/2025 | 209.094827732 | 188.748118992 | 188.748118992 | 184.071847454 | 184.011451997 | 137.762258053 |
| 1/16/2025 | 209.304282369 | 188.945652633 | 188.945652633 | 184.319636793 | 184.258964773 | 137.802584445 |
| 1/17/2025 | 211.032029928 | 190.67932976 | 190.67932976 | 185.960147988 | 185.899755677 | 138.480973594 |
| 1/18/2025 | 211.008853284 | 190.786233892 | 190.786233892 | 186.122086327 | 186.064514932 | 138.531794731 |
| 1/19/2025 | 211.389730804 | 191.412838034 | 191.412838034 | 186.817529557 | 186.758230007 | 138.52971713 |
| 1/20/2025 | 211.432304056 | 191.605644386 | 191.605644386 | 186.999026744 | 186.939978714 | 138.761501548 |
| 1/21/2025 | 214.146993412 | 194.399790848 | 194.399790848 | 189.753562842 | 189.69381415 | 138.819926586 |
| 1/22/2025 | 215.468013338 | 195.432535056 | 195.432535056 | 190.772474402 | 190.712557849 | 139.155191071 |
| 1/23/2025 | 216.22095436 | 195.930551 | 195.930551 | 191.258726554 | 191.199231075 | 139.23652074 |
| 1/24/2025 | 216.835196802 | 196.713499823 | 196.713499823 | 192.003072782 | 191.94299242 | 139.763773679 |
| 1/25/2025 | 216.87670274 | 196.676807754 | 196.676807754 | 191.957126683 | 191.897646932 | 139.767735496 |
| 1/26/2025 | 216.838917642 | 196.630427643 | 196.630427643 | 191.911349577 | 191.850972449 | 139.760049115 |
| 1/27/2025 | 217.044951411 | 196.863324471 | 196.863324471 | 192.234970347 | 192.175069461 | 139.822724633 |
| 1/28/2025 | 217.510625033 | 197.173141153 | 197.173141153 | 192.499727487 | 192.439351024 | 139.923109874 |
| 1/29/2025 | 217.718975054 | 197.323764229 | 197.323764229 | 192.623001988 | 192.562700049 | 139.982628523 |
| 1/30/2025 | 218.389035894 | 197.862373599 | 197.862373599 | 193.167790351 | 193.108109469 | 139.968547355 |
| 1/31/2025 | 218.63272253 | 197.983771674 | 197.983771674 | 193.311929004 | 193.253077689 | 139.945461409 |
| 2/1/2025 | 218.710886416 | 197.9454548 | 197.9454548 | 193.303938937 | 193.24408239 | 139.940662041 |
| 2/2/2025 | 218.768870346 | 198.092890042 | 198.092890042 | 193.516465715 | 193.45861933 | 140.116092699 |
| 2/3/2025 | 219.551771356 | 199.008629617 | 199.008629617 | 194.468600294 | 194.407625822 | 139.934356581 |
| 2/4/2025 | 222.24664665 | 200.879003788 | 200.879003788 | 196.345855091 | 196.28574769 | 141.281000185 |
| 2/5/2025 | 223.570392884 | 201.801910827 | 201.801910827 | 197.269471153 | 197.208738643 | 141.868639474 |
| 2/6/2025 | 224.011617468 | 202.150997426 | 202.150997426 | 197.585105067 | 197.52505864 | 141.827071091 |
| 2/7/2025 | 225.136840828 | 202.990125398 | 202.990125398 | 198.427975411 | 198.367643469 | 142.12649183 |
| 2/8/2025 | 225.216798795 | 202.788203626 | 202.788203626 | 198.27117595 | 198.21050393 | 142.199011789 |
| 2/9/2025 | 225.356339157 | 202.909038845 | 202.909038845 | 198.406587587 | 198.346337368 | 142.191510636 |
| 2/10/2025 | 225.520751001 | 203.010179659 | 203.010179659 | 198.525813522 | 198.465778831 | 142.323303749 |
| 2/11/2025 | 225.560102161 | 202.911270505 | 202.911270505 | 198.406369438 | 198.34587889 | 142.266481024 |
| 2/12/2025 | 225.79480023 | 203.036890864 | 203.036890864 | 198.518385798 | 198.458314026 | 142.417199851 |
| 2/13/2025 | 225.981175914 | 202.944431121 | 202.944431121 | 198.385454165 | 198.325169224 | 142.225869513 |
| 2/14/2025 | 226.302745264 | 203.451212217 | 203.451212217 | 198.868170567 | 198.808120995 | 142.413856453 |
| 2/15/2025 | 226.444878562 | 203.51952155 | 203.51952155 | 198.902185654 | 198.842514692 | 142.412375399 |
| 2/16/2025 | 226.664507246 | 203.572123708 | 203.572123708 | 198.953954522 | 198.893860852 | 142.412375399 |
| 2/17/2025 | 226.389387072 | 203.336098913 | 203.336098913 | 198.700912248 | 198.640448074 | 142.163336327 |
| 2/18/2025 | 226.299780053 | 203.011352251 | 203.011352251 | 198.365007031 | 198.304666197 | 142.066249126 |
| 2/19/2025 | 227.11257371 | 203.63559983 | 203.63559983 | 198.948556811 | 198.888277435 | 142.682643615 |
| 2/20/2025 | 227.031044237 | 203.763445008 | 203.763445008 | 199.023177975 | 198.963175162 | 142.752651764 |
| 2/21/2025 | 227.726985634 | 204.827032405 | 204.827032405 | 200.204126409 | 200.144461133 | 142.9514164 |
| 2/22/2025 | 227.508083071 | 204.776171713 | 204.776171713 | 200.107230817 | 200.046619288 | 142.951416393 |
| 2/23/2025 | 227.663246563 | 204.81753521 | 204.81753521 | 200.118719034 | 200.058864302 | 142.857128577 |
| 2/24/2025 | 227.060348909 | 203.928977868 | 203.928977868 | 199.302955479 | 199.242547621 | 142.667676864 |
| 2/25/2025 | 225.946733847 | 203.087039621 | 203.087039621 | 198.682910035 | 198.622471811 | 142.332418484 |
| 2/26/2025 | 225.36242281 | 202.652627314 | 202.652627314 | 198.353157456 | 198.292792486 | 142.23163581 |
| 2/27/2025 | 225.348275408 | 202.509091008 | 202.509091008 | 198.222476181 | 198.162157789 | 142.525896059 |
| 2/28/2025 | 226.225643055 | 203.427697815 | 203.427697815 | 199.082545763 | 199.022055215 | 142.586943414 |
| 3/1/2025 | 225.512806158 | 203.589827073 | 203.589827073 | 199.23133995 | 199.170728421 | 142.739869168 |
| 3/2/2025 | 225.500337463 | 203.569357408 | 203.569357408 | 199.172699896 | 199.112529101 | 142.684548875 |
| 3/3/2025 | 225.634876762 | 203.518812063 | 203.518812063 | 199.125247522 | 199.064812202 | 142.848550247 |
| 3/4/2025 | 226.175975185 | 203.866685065 | 203.866685065 | 199.459885527 | 199.39942353 | 142.862979376 |
| 3/5/2025 | 227.18494484 | 204.800281602 | 204.800281602 | 200.391486358 | 200.331093139 | 143.08671135 |
| 3/6/2025 | 227.268606207 | 204.83992056 | 204.83992056 | 200.422085464 | 200.361698778 | 143.108096504 |
| 3/7/2025 | 228.363218142 | 205.79740874 | 205.79740874 | 201.394140878 | 201.333735924 | 143.18541726 |
| 3/8/2025 | 228.448073921 | 205.827288193 | 205.827288193 | 201.426757684 | 201.366432154 | 143.2590427 |
| 3/9/2025 | 228.335708272 | 205.734655116 | 205.734655116 | 201.347218408 | 201.28683021 | 143.200297503 |
| 3/10/2025 | 227.955419047 | 205.491990627 | 205.491990627 | 201.216144232 | 201.155741637 | 143.300960349 |
| 3/11/2025 | 228.735318603 | 205.886017794 | 205.886017794 | 201.671529049 | 201.61115186 | 143.525244008 |
| 3/12/2025 | 229.127780161 | 206.383132472 | 206.383132472 | 202.160377134 | 202.099826095 | 143.678737175 |
| 3/13/2025 | 229.321247929 | 206.379882543 | 206.379882543 | 202.194612672 | 202.134184792 | 143.748815811 |
| 3/14/2025 | 230.105019374 | 206.741605495 | 206.741605495 | 202.536203539 | 202.475837238 | 143.836896633 |
| 3/15/2025 | 230.249864148 | 206.844795718 | 206.844795718 | 202.62072738 | 202.560571708 | 143.827259557 |
| 3/16/2025 | 230.210686861 | 206.778197401 | 206.778197401 | 202.552670268 | 202.492058739 | 143.825677336 |
| 3/17/2025 | 230.402855444 | 207.147872632 | 207.147872632 | 202.918636092 | 202.858362161 | 144.041499822 |
| 3/18/2025 | 230.726280093 | 207.25480034 | 207.25480034 | 203.01158717 | 202.951140054 | 144.100778448 |
| 3/19/2025 | 231.310165451 | 207.741787633 | 207.741787633 | 203.478244715 | 203.420293265 | 144.204251547 |
| 3/20/2025 | 231.192658602 | 207.523241651 | 207.523241651 | 203.301471876 | 203.243620582 | 143.883754562 |
| 3/21/2025 | 231.983575958 | 208.036523057 | 208.036523057 | 203.872791249 | 203.815188087 | 144.166459229 |
| 3/22/2025 | 232.929806447 | 208.025110586 | 208.025110586 | 203.862066433 | 203.804298448 | 144.217665673 |
| 3/23/2025 | 233.280145001 | 208.197767448 | 208.197767448 | 204.016346367 | 203.95853832 | 144.224155757 |
| 3/24/2025 | 234.297261071 | 208.602059968 | 208.602059968 | 204.284056374 | 204.226321562 | 144.459985751 |
| 3/25/2025 | 235.39930899 | 209.174298445 | 209.174298445 | 204.865523599 | 204.807572149 | 144.698008877 |
| 3/26/2025 | 235.535562825 | 209.389502897 | 209.389502897 | 205.072021023 | 205.01401168 | 144.839155508 |
| 3/27/2025 | 234.947832829 | 209.373858949 | 209.373858949 | 205.081787778 | 205.024147969 | 144.807717547 |
| 3/28/2025 | 234.371863036 | 208.907957946 | 208.907957946 | 204.765828522 | 204.708136262 | 144.457723251 |
| 3/29/2025 | 234.612437984 | 208.970441081 | 208.970441081 | 204.820416586 | 204.762573918 | 144.464659666 |
| 3/30/2025 | 234.561343287 | 209.086005326 | 209.086005326 | 204.932489523 | 204.874595967 | 144.616291852 |
| 3/31/2025 | 234.767426206 | 209.12813195 | 209.12813195 | 204.930292083 | 204.872458562 | 144.731665618 |
| 4/1/2025 | 234.976316493 | 209.137897369 | 209.137897369 | 204.90916033 | 204.851391361 | 144.727200008 |
| 4/2/2025 | 235.386529402 | 209.649045677 | 209.649045677 | 205.480460207 | 205.422632881 | 144.754922251 |
| 4/3/2025 | 235.518245764 | 209.813562907 | 209.813562907 | 205.646313095 | 205.588419539 | 144.734168751 |
| 4/4/2025 | 235.034131501 | 209.453752623 | 209.453752623 | 205.331836805 | 205.273827462 | 144.716239738 |
| 4/5/2025 | 234.73430807 | 209.445798034 | 209.445798034 | 205.297295986 | 205.23963383 | 144.655271475 |
| 4/6/2025 | 234.278184988 | 209.072426613 | 209.072426613 | 204.940187963 | 204.882375979 | 144.517737938 |
| 4/7/2025 | 233.909890245 | 209.122156773 | 209.122156773 | 205.013843406 | 204.956100663 | 144.751594183 |
| 4/8/2025 | 233.543985409 | 208.888558076 | 208.888558076 | 204.843098498 | 204.785474436 | 144.67028902 |
| 4/9/2025 | 233.676438182 | 209.045456201 | 209.045456201 | 205.005027324 | 204.947421904 | 144.975956402 |
| 4/10/2025 | 233.546555821 | 208.810725568 | 208.810725568 | 204.79725579 | 204.739014873 | 144.791330664 |
| 4/11/2025 | 233.426911105 | 209.059169152 | 209.059169152 | 205.075823926 | 205.01795289 | 144.941453849 |
| 4/12/2025 | 233.788705701 | 209.276288414 | 209.276288414 | 205.278480273 | 205.220413036 | 145.156651309 |
| 4/13/2025 | 233.589625792 | 209.069498032 | 209.069498032 | 205.071016494 | 205.013206015 | 144.99180756 |
| 4/14/2025 | 233.562592166 | 209.307437274 | 209.307437274 | 205.299257109 | 205.241189872 | 144.988134604 |
| 4/15/2025 | 234.02423273 | 209.743030084 | 209.743030084 | 205.701532982 | 205.644010652 | 145.230969405 |
| 4/16/2025 | 234.223195797 | 210.078518288 | 210.078518288 | 206.019419802 | 205.961511533 | 145.411564253 |
| 4/17/2025 | 234.7482324 | 210.412596232 | 210.412596232 | 206.356868639 | 206.299166632 | 145.3891311 |
| 4/18/2025 | 234.219806175 | 209.968457809 | 209.968457809 | 205.972482465 | 205.914700993 | 145.019803019 |
| 4/19/2025 | 234.272094958 | 210.182317902 | 210.182317902 | 206.16358302 | 206.105839055 | 145.212905298 |
| 4/20/2025 | 234.451660809 | 210.176747841 | 210.176747841 | 206.154472887 | 206.096807694 | 145.204655279 |
| 4/21/2025 | 234.623199347 | 210.302988847 | 210.302988847 | 206.252487071 | 206.194740679 | 145.254984859 |
| 4/22/2025 | 235.828263427 | 211.712040353 | 211.712040353 | 207.590461538 | 207.532668854 | 145.771856311 |
| 4/23/2025 | 236.350273546 | 212.240376064 | 212.240376064 | 208.127626216 | 208.069904444 | 146.144939953 |
| 4/24/2025 | 237.403093084 | 213.138948546 | 213.138948546 | 209.015841494 | 208.958092212 | 146.727569017 |
| 4/25/2025 | 238.031963428 | 213.43292263 | 213.43292263 | 209.290533277 | 209.232509422 | 146.823288025 |
| 4/26/2025 | 238.667514347 | 214.178697459 | 214.178697459 | 210.032582015 | 209.975578952 | 147.695285561 |
| 4/27/2025 | 239.385551188 | 214.201985513 | 214.201985513 | 210.05026742 | 209.992862525 | 147.890535534 |
| 4/28/2025 | 240.085091964 | 214.84043756 | 214.84043756 | 210.725731194 | 210.66849332 | 148.611733563 |
| 4/29/2025 | 241.550376038 | 215.112352721 | 215.112352721 | 210.99614751 | 210.938478213 | 148.905522663 |
| 4/30/2025 | 241.809962677 | 215.033588045 | 215.033588045 | 210.916071816 | 210.858361486 | 149.333119679 |
| 5/1/2025 | 241.966120336 | 215.173890826 | 215.173890826 | 211.069969562 | 211.012331069 | 149.440079658 |
| 5/2/2025 | 242.37957704 | 215.461492545 | 215.461492545 | 211.358094013 | 211.301099215 | 149.711823199 |
| 5/3/2025 | 242.751195963 | 215.711066562 | 215.711066562 | 211.601400373 | 211.54373437 | 149.981823181 |
| 5/4/2025 | 242.725460778 | 215.700187593 | 215.700187593 | 211.564615766 | 211.507752446 | 149.974724245 |
| 5/5/2025 | 242.605058269 | 215.768395974 | 215.768395974 | 211.656598332 | 211.598805648 | 149.821728381 |
| 5/6/2025 | 241.83054133 | 215.269973081 | 215.269973081 | 211.11427987 | 211.05685521 | 150.106836051 |
| 5/7/2025 | 241.970352307 | 215.319626114 | 215.319626114 | 211.15320547 | 211.092523152 | 150.178795118 |
| 5/8/2025 | 242.613913578 | 215.536760741 | 215.536760741 | 211.304242723 | 211.246453738 | 150.350804952 |
| 5/9/2025 | 242.491418412 | 215.485927264 | 215.485927264 | 211.147743822 | 211.08914204 | 150.393604947 |
| 5/10/2025 | 242.706071723 | 215.765385774 | 215.765385774 | 211.392540935 | 211.334981791 | 150.514671503 |
| 5/11/2025 | 242.70857863 | 215.911789187 | 215.911789187 | 211.471749021 | 211.414145435 | 150.615671502 |
| 5/12/2025 | 242.171418163 | 215.596005393 | 215.596005393 | 211.115559788 | 211.057801895 | 150.663236041 |
| 5/13/2025 | 242.030036794 | 215.628777315 | 215.628777315 | 211.111829999 | 211.054498789 | 150.926534831 |
| 5/14/2025 | 242.43867516 | 216.05401238 | 216.05401238 | 211.526596791 | 211.469043947 | 151.333639504 |
| 5/15/2025 | 243.003989019 | 216.394760748 | 216.394760748 | 211.877263729 | 211.820033194 | 151.745623801 |
| 5/16/2025 | 243.548993573 | 216.818468432 | 216.818468432 | 212.304427738 | 212.247888173 | 151.802073801 |
| 5/17/2025 | 243.608624467 | 216.863960463 | 216.863960463 | 212.353995137 | 212.295971282 | 151.901465555 |
| 5/18/2025 | 243.751509379 | 216.948472621 | 216.948472621 | 212.448766409 | 212.391303259 | 152.051465524 |
| 5/19/2025 | 243.691810977 | 216.864771732 | 216.864771732 | 212.368299143 | 212.310637417 | 152.28672939 |
| 5/20/2025 | 244.158294813 | 217.11368594 | 217.11368594 | 212.590479025 | 212.532857234 | 152.473429748 |
| 5/21/2025 | 245.177409175 | 218.138800422 | 218.138800422 | 213.60221208 | 213.544711307 | 152.809591181 |
| 5/22/2025 | 245.693050345 | 218.70157659 | 218.70157659 | 214.049360736 | 213.992153261 | 153.131132875 |
| 5/23/2025 | 246.007832415 | 219.172414907 | 219.172414907 | 214.659915874 | 214.602418684 | 153.333908216 |
| 5/24/2025 | 246.301750523 | 219.248577332 | 219.248577332 | 214.726311283 | 214.669024458 | 153.364622848 |
| 5/25/2025 | 246.309872775 | 219.194729239 | 219.194729239 | 214.674698836 | 214.617347052 | 153.364622847 |
| 5/26/2025 | 246.544536046 | 219.052148076 | 219.052148076 | 214.537539177 | 214.480944246 | 153.336099489 |
| 5/27/2025 | 246.31480126 | 219.039671687 | 219.039671687 | 214.506717354 | 214.449322341 | 153.54508701 |
| 5/28/2025 | 246.304868961 | 219.016569727 | 219.016569727 | 214.440666701 | 214.383608562 | 153.582796589 |
| 5/29/2025 | 246.465312585 | 219.060001654 | 219.060001654 | 214.352103913 | 214.295022715 | 153.69231596 |
| 5/30/2025 | 246.637265091 | 219.042431063 | 219.042431063 | 214.330069797 | 214.273042461 | 153.658825957 |
| 5/31/2025 | 246.759699951 | 219.124497458 | 219.124497458 | 214.340548404 | 214.283607815 | 153.723758271 |
| 6/1/2025 | 247.014751345 | 219.077921073 | 219.077921073 | 214.317277253 | 214.259555192 | 153.763502089 |
| 6/2/2025 | 247.63437457 | 219.113095005 | 219.113095005 | 214.796683843 | 214.73928623 | 154.07228369 |
| 6/3/2025 | 248.319193017 | 219.651978579 | 219.651978579 | 215.277117866 | 215.220516462 | 154.288119435 |
| 6/4/2025 | 248.728528436 | 219.984729408 | 219.984729408 | 215.664305623 | 215.607459063 | 154.488400144 |
| 6/5/2025 | 248.515646708 | 219.723356351 | 219.723356351 | 215.397845267 | 215.340258845 | 154.761323879 |
| 6/6/2025 | 249.184148998 | 220.186961386 | 220.186961386 | 215.828399424 | 215.770433362 | 155.115000492 |
| 6/7/2025 | 249.521318486 | 220.458845528 | 220.458845528 | 216.107899011 | 216.050693674 | 155.407500492 |
| 6/8/2025 | 249.536610807 | 220.455186784 | 220.455186784 | 216.102634784 | 216.045010334 | 155.407500531 |
| 6/9/2025 | 249.886942443 | 221.040957 | 221.040957 | 216.664331253 | 216.606790025 | 156.015285591 |
| 6/10/2025 | 249.625358298 | 220.748854652 | 220.748854652 | 216.341173465 | 216.2837039 | 155.670088658 |
| 6/11/2025 | 250.188818419 | 221.346036052 | 221.346036052 | 216.901418769 | 216.843867023 | 156.031051481 |
| 6/12/2025 | 250.132142416 | 221.233329602 | 221.233329602 | 216.82165439 | 216.763866676 | 156.034350481 |
| 6/13/2025 | 250.936133526 | 222.098030825 | 222.098030825 | 217.723187446 | 217.665592471 | 156.311510783 |
| 6/14/2025 | 250.803133189 | 222.018170816 | 222.018170816 | 217.651761056 | 217.593910579 | 156.288710782 |
| 6/15/2025 | 250.810234794 | 221.993318863 | 221.993318863 | 217.631919644 | 217.57546174 | 156.2625344 |
| 6/16/2025 | 250.717362389 | 221.952427619 | 221.952427619 | 217.589333649 | 217.531890206 | 156.350343711 |
| 6/17/2025 | 250.899395992 | 222.087660189 | 222.087660189 | 217.538738741 | 217.481059908 | 156.397425951 |
| 6/18/2025 | 250.934415627 | 222.370507895 | 222.370507895 | 217.755390165 | 217.697743523 | 156.49392595 |
| 6/19/2025 | 250.826223077 | 222.260063352 | 222.260063352 | 217.775213102 | 217.717614832 | 156.674248726 |
| 6/20/2025 | 250.598841982 | 222.012685249 | 222.012685249 | 217.55782254 | 217.5001392 | 156.688688065 |
| 6/21/2025 | 250.588347096 | 222.001095392 | 222.001095392 | 217.544956414 | 217.487266601 | 156.600188057 |
| 6/22/2025 | 250.772679127 | 222.273751578 | 222.273751578 | 217.819476594 | 217.761337154 | 156.907307133 |
| 6/23/2025 | 250.21944581 | 221.667984817 | 221.667984817 | 217.298774125 | 217.241245091 | 155.908804295 |
| 6/24/2025 | 251.994767599 | 223.410043533 | 223.410043533 | 219.046507421 | 218.989651961 | 157.394434423 |
| 6/25/2025 | 251.825304432 | 223.76300495 | 223.76300495 | 219.428330006 | 219.371529853 | 157.917318269 |
| 6/26/2025 | 251.988856335 | 224.030123085 | 224.030123085 | 219.696118563 | 219.638152501 | 158.266828122 |
| 6/27/2025 | 252.305189987 | 224.085955638 | 224.085955638 | 219.758606085 | 219.701003423 | 158.303889518 |
| 6/28/2025 | 252.634713806 | 224.226880498 | 224.226880498 | 219.902979429 | 219.845196107 | 158.444090587 |
| 6/29/2025 | 252.641767157 | 224.200007264 | 224.200007264 | 219.906956758 | 219.849355657 | 158.520790585 |
| 6/30/2025 | 252.916573692 | 224.321324736 | 224.321324736 | 220.038504902 | 219.981528886 | 158.754090584 |
| 7/1/2025 | 253.191937499 | 224.347257053 | 224.347257053 | 220.074306528 | 220.016513844 | 158.695019985 |
| 7/2/2025 | 253.589246395 | 224.955381157 | 224.955381157 | 220.673629719 | 220.615779242 | 159.155198929 |
| 7/3/2025 | 253.89641301 | 225.571580082 | 225.571580082 | 221.283942992 | 221.22624058 | 159.305664246 |
| 7/4/2025 | 254.048874972 | 225.66732109 | 225.66732109 | 221.343522052 | 221.285743469 | 159.478756035 |
| 7/5/2025 | 254.272332268 | 225.697496925 | 225.697496925 | 221.379129639 | 221.321336955 | 159.478756029 |
| 7/6/2025 | 254.300129625 | 225.740880091 | 225.740880091 | 221.416739622 | 221.359032818 | 159.456653254 |
| 7/7/2025 | 254.490811459 | 225.561176596 | 225.561176596 | 221.259301709 | 221.201451232 | 159.520682149 |
| 7/8/2025 | 254.423227475 | 225.493544939 | 225.493544939 | 221.181073391 | 221.123222914 | 159.455682148 |
| 7/9/2025 | 254.891806226 | 226.128005359 | 226.128005359 | 221.79963487 | 221.741668808 | 159.689388348 |
| 7/10/2025 | 256.036042002 | 226.951401112 | 226.951401112 | 222.612593497 | 222.554984189 | 159.99483608 |
| 7/11/2025 | 257.088988386 | 227.640850844 | 227.640850844 | 223.318153086 | 223.260493383 | 160.15005526 |
| 7/12/2025 | 257.361479126 | 228.04391029 | 228.04391029 | 223.736324691 | 223.678818254 | 160.394357834 |
| 7/13/2025 | 257.515552266 | 228.197154324 | 228.197154324 | 223.874777441 | 223.817133168 | 160.394357833 |
| 7/14/2025 | 257.162036901 | 228.068858817 | 228.068858817 | 223.752581831 | 223.694808161 | 160.54575783 |
| 7/15/2025 | 256.143661907 | 227.147218107 | 227.147218107 | 222.826069547 | 222.768994706 | 160.669087149 |
| 7/16/2025 | 258.822646654 | 229.570854921 | 229.570854921 | 225.225490974 | 225.167582705 | 162.039387242 |
| 7/17/2025 | 259.646985765 | 230.115118137 | 230.115118137 | 225.757621208 | 225.699423975 | 161.631554286 |
| 7/18/2025 | 260.100889236 | 230.784611408 | 230.784611408 | 226.401833182 | 226.346696889 | 161.98357921 |
| 7/19/2025 | 260.46217323 | 230.974237477 | 230.974237477 | 226.60721208 | 226.55248045 | 162.359770647 |
| 7/20/2025 | 260.839939794 | 231.00616789 | 231.00616789 | 226.653596354 | 226.598956508 | 162.531584793 |
| 7/21/2025 | 261.416480691 | 231.699161939 | 231.699161939 | 227.34104084 | 227.286220563 | 162.855465485 |
| 7/22/2025 | 261.972465922 | 231.903034176 | 231.903034176 | 227.550769752 | 227.495923283 | 163.023658144 |
| 7/23/2025 | 263.027378432 | 231.962685535 | 231.962685535 | 227.609908638 | 227.554997183 | 163.208856646 |
| 7/24/2025 | 264.168399885 | 233.10821921 | 233.10821921 | 228.771701783 | 228.716780863 | 163.910480196 |
| 7/25/2025 | 263.967563115 | 232.305412746 | 232.305412746 | 227.977662875 | 227.922881392 | 163.908480684 |
| 7/26/2025 | 264.577346955 | 232.825531744 | 232.825531744 | 228.455262074 | 228.400252122 | 164.437379973 |
| 7/27/2025 | 264.91760459 | 232.816637288 | 232.816637288 | 228.449977127 | 228.395280824 | 164.434420097 |
| 7/28/2025 | 264.883187525 | 232.279526843 | 232.279526843 | 227.916018436 | 227.861190455 | 164.225730295 |
| 7/29/2025 | 264.923053702 | 232.336164897 | 232.336164897 | 227.987955616 | 227.93315779 | 164.365520605 |
| 7/30/2025 | 265.580068131 | 232.64174361 | 232.64174361 | 228.297366279 | 228.242433253 | 164.55873777 |
| 7/31/2025 | 266.12474793855 | 232.83115331 | 232.83115331 | 228.495779136 | 228.441329021 | 164.601365339 |
| 8/1/2025 | 266.442643199 | 233.068404402 | 233.068404402 | 228.762742096 | 228.707736766 | 164.715477935 |
| 8/2/2025 | 266.443352894 | 232.981258447 | 232.981258447 | 228.675872421 | 228.62089796 | 164.748979754 |
| 8/3/2025 | 267.008282606 | 232.972849694 | 232.972849694 | 228.642517394 | 228.587381101 | 164.73321787 |
| 8/4/2025 | 267.501674056 | 233.205444192 | 233.205444192 | 228.873707988 | 228.818681748 | 164.698218478 |
| 8/5/2025 | 267.657863065 | 233.435189008 | 233.435189008 | 229.108528291 | 229.05278671 | 164.74899328 |
| 8/6/2025 | 267.792904497 | 233.2592236 | 233.2592236 | 228.942830373 | 228.887876162 | 164.521910565 |
| 8/7/2025 | 268.74262858 | 234.104386453 | 234.104386453 | 229.742902596 | 229.689829512 | 165.186565785 |
| 8/8/2025 | 269.338016391 | 234.538248262 | 234.538248262 | 230.163218593 | 230.108935152 | 165.053491593 |
| 8/9/2025 | 270.055075481 | 234.757713954 | 234.757713954 | 230.365663707 | 230.311505286 | 165.26048158 |
| 8/10/2025 | 269.439597601 | 233.97048028 | 233.97048028 | 229.574333213 | 229.519345326 | 164.554180218 |
| 8/11/2025 | 270.171570288 | 234.56432313 | 234.56432313 | 230.106745577 | 230.05174707 | 164.824755337 |
| 8/12/2025 | 270.386655764 | 234.553467577 | 234.553467577 | 230.106745577 | 230.769970158 | 164.578283964 |
| 8/13/2025 | 272.678805461 | 236.608339325 | 236.608339325 | 232.102581189 | 232.04814395 | 165.25234434 |
| 8/14/2025 | 274.286337399 | 238.530190066 | 238.530190066 | 233.914662337 | 233.859959816 | 166.316807752 |
| 8/15/2025 | 275.777751611 | 239.095516411 | 239.095516411 | 234.47235705 | 234.417346107 | 166.494712113 |
| 8/16/2025 | 275.788331324 | 239.09510495 | 239.09510495 | 234.47235705 | 234.418297146 | 166.494712113 |
| 8/17/2025 | 276.547185316 | 239.652404241 | 239.652404241 | 234.954728598 | 234.900312984 | 167.00686089 |
| 8/18/2025 | 276.534475543 | 239.652084377 | 239.652084377 | 234.954728598 | 235.022814969 | 167.158301216 |
| 8/19/2025 | 276.564363343 | 239.64004566 | 239.64004566 | 234.783315017 | 234.728523574 | 167.271227574 |
| 8/20/2025 | 277.055306461 | 239.639249156 | 239.639249156 | 234.783315017 | 234.686438695 | 167.229075225 |
| 8/21/2025 | 275.852747378 | 238.383235881 | 238.383235881 | 233.598127799 | 233.543128742 | 166.880136932 |
| 8/22/2025 | 275.82806016 | 238.384226604 | 238.384226604 | 233.598127799 | 233.535883962 | 166.872625448 |
| 8/23/2025 | 277.104466186 | 239.174919323 | 239.174919323 | 234.304180094 | 234.249350242 | 167.090007703 |
| 8/24/2025 | 277.168977648 | 239.293319878 | 239.293319878 | 234.357192161 | 234.302246039 | 167.221537708 |
| 8/25/2025 | 279.030979347 | 241.131172564 | 241.131172564 | 236.006338443 | 235.95141103 | 167.23833346 |
| 8/26/2025 | 279.316077201 | 241.176088702 | 241.176088702 | 236.08447487 | 236.029546191 | 167.217333459 |
| 8/27/2025 | 279.852826877 | 241.741246129 | 241.741246129 | 236.548743522 | 236.494135921 | 167.383925958 |
| 8/28/2025 | 282.299175552 | 244.122987685 | 244.122987685 | 238.860524966 | 238.805333647 | 168.429502725 |
| 8/29/2025 | 282.47852465 | 244.236268633 | 244.236268633 | 239.014332796 | 238.959403072 | 167.600371918 |
| 8/30/2025 | 282.830158915 | 244.564792505 | 244.564792505 | 239.388566629 | 239.333645929 | 168.005950273 |
| 8/31/2025 | 283.578888959 | 245.181152232 | 245.181152232 | 240.050914802 | 239.996131283 | 167.960422397 |
| 9/1/2025 | 283.576433474 | 245.072365473 | 245.072365473 | 239.88447595 | 239.829477883 | 167.981863668 |
| 9/2/2025 | 282.742234113 | 244.176684532 | 244.176684532 | 239.017261135 | 238.962179869 | 166.871763653 |
| 9/3/2025 | 284.590192074 | 245.750917091 | 245.750917091 | 240.604061127 | 240.549122048 | 168.285427737 |
| 9/4/2025 | 287.227728284 | 247.989573673 | 247.989573673 | 242.866012278 | 242.811040844 | 170.586184029 |
| 9/5/2025 | 285.665100163 | 246.17879367 | 246.17879367 | 241.094610192 | 241.040591537 | 168.825084008 |
| 9/6/2025 | 285.720771367 | 246.087290758 | 246.087290758 | 241.070359599 | 241.016439992 | 168.825084007 |
| 9/7/2025 | 285.485035747 | 246.022121764 | 246.022121764 | 241.010963181 | 240.956013372 | 168.825084004 |
| 9/8/2025 | 285.624160476 | 246.069545189 | 246.069545189 | 241.103826417 | 241.048875343 | 168.877363164 |
| 9/9/2025 | 286.116741549 | 246.341408814 | 246.341408814 | 241.370524744 | 241.315517763 | 169.048563162 |
| 9/10/2025 | 286.23267684618 | 246.332438722 | 246.332438722 | 241.366510872 | 241.311780178 | 169.411163153 |
| 9/11/2025 | 287.030971973 | 246.728345099 | 246.728345099 | 241.749864544 | 241.694890524 | 169.682874987 |
| 9/12/2025 | 288.4088617 | 247.942935122 | 247.942935122 | 242.905573915 | 242.850722383 | 170.27255742 |
| 9/13/2025 | 289.113436049 | 248.462191927 | 248.462191927 | 243.360617984 | 243.306203085 | 170.535236555 |
| 9/14/2025 | 289.149917094 | 248.120153362 | 248.120153362 | 243.014251655 | 242.959360724 | 170.178989121 |
| 9/15/2025 | 289.464718597 | 248.517746153 | 248.517746153 | 243.423130113 | 243.368178819 | 170.624947838 |
| 9/16/2025 | 290.24700666 | 249.247293366 | 249.247293366 | 244.143356039 | 244.088410137 | 170.903775343 |
| 9/17/2025 | 290.453954349 | 249.524186569 | 249.524186569 | 244.430908944 | 244.376390486 | 171.220679162 |
| 9/18/2025 | 291.564120953 | 250.52518281 | 250.52518281 | 245.433083522 | 245.378207724 | 171.395619409 |
| 9/19/2025 | 292.337738428 | 250.91946957 | 250.91946957 | 245.809182014 | 245.754194127 | 172.019220193 |
| 9/20/2025 | 292.552628582 | 251.033089132 | 251.033089132 | 245.8876125 | 245.831925945 | 172.279220193 |
| 9/21/2025 | 292.550562595 | 251.021243725 | 251.021243725 | 245.820174689 | 245.764653213 | 172.143434396 |
| 9/22/2025 | 293.402922829 | 251.668618485 | 251.668618485 | 246.479509991 | 246.422722911 | 172.687580334 |
| 9/23/2025 | 294.219387501 | 251.833109947 | 251.833109947 | 246.664840541 | 246.60909896 | 173.008506231 |
| 9/24/2025 | 295.031216916 | 252.279316336 | 252.279316336 | 247.099476459 | 247.044230114 | 173.336087144 |
| 9/25/2025 | 295.198321814 | 252.683682296 | 252.683682296 | 247.318360721 | 247.263004323 | 173.57743787 |
| 9/26/2025 | 295.938743988 | 252.805936648 | 252.805936648 | 247.709488294 | 247.654479882 | 174.168318428 |
| 9/27/2025 | 296.134039551 | 252.912626895 | 252.912626895 | 247.839354831 | 247.784273565 | 174.376743851 |
| 9/28/2025 | 296.371765135 | 252.807745496 | 252.807745496 | 247.716457526 | 247.661458084 | 174.33561785 |
| 9/29/2025 | 297.187188438 | 252.917086716 | 252.917086716 | 247.840090915 | 247.785064675 | 174.592531943 |
| 9/30/2025 | 298.611257763 | 253.6266935 | 253.6266935 | 248.556505283 | 248.497792285 | 174.875230173 |
| 10/1/2025 | 299.518961079 | 254.454371193 | 254.454371193 | 249.383956897 | 249.328974238 | 175.565454174 |
| 10/2/2025 | 300.707283871 | 255.40287439 | 255.40287439 | 250.386762401 | 250.331781354 | 176.246763815 |
| 10/3/2025 | 302.241918831 | 256.942167556 | 256.942167556 | 251.895802014 | 251.84087566 | 176.679508043 |
| 10/4/2025 | 302.768120479 | 257.206092986 | 257.206092986 | 252.16508841 | 252.110230632 | 177.019405309 |
| 10/5/2025 | 302.298868576 | 256.899478276 | 256.899478276 | 251.874342275 | 251.819610809 | 176.929008734 |
| 10/6/2025 | 302.97092848 | 257.657588001 | 257.657588001 | 252.645638078 | 252.590520579 | 177.46371523 |
| 10/7/2025 | 303.770829838 | 258.294952903 | 258.294952903 | 253.284076848 | 253.228977657 | 177.909580029 |
| 10/8/2025 | 303.769966733 | 258.512912963 | 258.512912963 | 253.492224593 | 253.4371979 | 178.140779842 |
| 10/9/2025 | 303.993032575 | 258.498031579 | 258.498031579 | 253.414623695 | 253.359867747 | 178.036230155 |
| 10/10/2025 | 304.310375313 | 259.244818104 | 259.244818104 | 254.153699914 | 254.0986567 | 179.331179688 |
| 10/11/2025 | 303.885156651 | 260.360399828 | 260.360399828 | 255.24767343 | 255.192615789 | 180.06408455 |
| 10/12/2025 | 303.941867544 | 260.577776509 | 260.577776509 | 255.519219805 | 255.464221671 | 180.185446251 |
| 10/13/2025 | 304.838282551 | 260.643915935 | 260.643915935 | 255.644751955 | 255.589782162 | 180.246122371 |
| 10/14/2025 | 306.058805821 | 261.636417005 | 261.636417005 | 256.624031693 | 256.569181545 | 180.716279786 |
| 10/15/2025 | 306.852823445 | 262.150739182 | 262.150739182 | 257.11692125 | 257.062193396 | 181.396775161 |
| 10/16/2025 | 306.915148642 | 262.338051348 | 262.338051348 | 257.278095212 | 257.223210464 | 181.55546943 |
| 10/17/2025 | 307.185557101 | 262.544775961 | 262.544775961 | 257.505287789 | 257.450345955 | 181.734385615 |
| 10/18/2025 | 307.214665655 | 262.700576164 | 262.700576164 | 257.629764696 | 257.574880946 | 181.94105756 |
| 10/19/2025 | 307.495739384 | 262.676481546 | 262.676481546 | 257.580409451 | 257.525669357 | 181.923069831 |
| 10/20/2025 | 307.456941739 | 263.150770233 | 263.150770233 | 258.01041921 | 257.955727936 | 182.138675951 |
| 10/21/2025 | 308.521903185 | 264.049722959 | 264.049722959 | 258.947396938 | 258.892562598 | 182.601500509 |
| 10/22/2025 | 307.928054105 | 263.793174957 | 263.793174957 | 258.657034197 | 258.602061199 | 182.56275185 |
| 10/23/2025 | 308.124626534 | 264.013359348 | 264.013359348 | 258.875046178 | 258.820302468 | 182.792886387 |
| 10/24/2025 | 308.758407847 | 264.288277802 | 264.288277802 | 259.14205057 | 259.087066127 | 183.101507882 |
| 10/25/2025 | 308.518334174 | 264.159306617 | 264.159306617 | 259.003444859 | 258.948518389 | 183.07950041 |
| 10/26/2025 | 308.380929278 | 264.161795007 | 264.161795007 | 259.03385501 | 258.978874863 | 183.154451545 |
| 10/27/2025 | 308.027425737 | 264.10577513 | 264.10577513 | 258.980293797 | 258.925712566 | 183.245574379 |
| 10/28/2025 | 308.20592662 | 264.413059762 | 264.413059762 | 259.284680945 | 259.22964615 | 183.472999907 |
| 10/29/2025 | 307.485902943 | 264.162252936 | 264.162252936 | 259.288338773 | 259.233646396 | 183.409474077 |
| 10/30/2025 | 307.121053697 | 264.024416214 | 264.024416214 | 258.903450666 | 258.848557349 | 183.30397162 |
| 10/31/2025 | 307.136985489 | 264.052185827 | 264.052185827 | 258.955924014 | 258.900848182 | 183.393224146 |
| 11/1/2025 | 307.289175501 | 264.090415463 | 264.090415463 | 258.999795648 | 258.945053958 | 183.463980411 |
| 11/2/2025 | 307.031071915 | 264.036802422 | 264.036802422 | 258.924000126 | 258.869240944 | 183.555515016 |
| 11/3/2025 | 306.969783965 | 263.721274487 | 263.721274487 | 258.57097601 | 258.516430169 | 183.555461585 |
| 11/4/2025 | 305.798923682 | 263.144466859 | 263.144466859 | 258.037502746 | 257.982663224 | 183.343560327 |
| 11/5/2025 | 305.647611543 | 263.354465514 | 263.354465514 | 258.307285966 | 258.252440473 | 183.464373075 |
| 11/6/2025 | 304.887059973 | 263.358870577 | 263.358870577 | 258.358948937 | 258.304166125 | 183.383441824 |
| 11/7/2025 | 305.228154184 | 263.926815666 | 263.926815666 | 259.053310351 | 258.998429028 | 183.599119128 |
| 11/8/2025 | 304.684052757 | 263.546442222 | 263.546442222 | 258.663560944 | 258.608517113 | 183.366455745 |
| 11/9/2025 | 304.633606091 | 263.564747063 | 263.564747063 | 258.694777352 | 258.63985524 | 183.375955885 |
| 11/10/2025 | 304.873016169 | 263.892125737 | 263.892125737 | 258.981590047 | 258.926864292 | 183.395444251 |
| 11/11/2025 | 305.231290288 | 263.987996072 | 263.987996072 | 259.093280435 | 259.038381331 | 183.547300353 |
| 11/12/2025 | 305.189859044 | 264.478085843 | 264.478085843 | 259.597022439 | 259.542151439 | 184.075638825 |
| 11/13/2025 | 304.634288048 | 263.891486523 | 263.891486523 | 259.018778287 | 258.963736156 | 183.940205609 |
| 11/14/2025 | 303.946955719 | 263.308461617 | 263.308461617 | 258.455715185 | 258.400743871 | 183.901863026 |
| 11/15/2025 | 303.826494648 | 263.257662793 | 263.257662793 | 258.407159749 | 258.352183657 | 183.985483688 |
| 11/16/2025 | 303.478178502 | 263.07930936 | 263.07930936 | 258.230742799 | 258.175871374 | 183.853042319 |
| 11/17/2025 | 303.179045718 | 263.1604326 | 263.1604326 | 258.322044638 | 258.267103568 | 183.929638153 |
| 11/18/2025 | 303.119278168 | 262.972830445 | 262.972830445 | 258.116710692 | 258.06184758 | 183.705250687 |
| 11/19/2025 | 302.898119985 | 262.655677156 | 262.655677156 | 257.834840585 | 257.779930495 | 183.674741976 |
| 11/20/2025 | 302.836025285 | 262.850246074 | 262.850246074 | 258.036808763 | 257.981976052 | 184.675398945 |
| 11/21/2025 | 302.580406022 | 262.844804944 | 262.844804944 | 258.110790162 | 258.055845463 | 184.487293452 |
| 11/22/2025 | 302.762351489 | 262.871098402 | 262.871098402 | 258.149725692 | 258.094869531 | 184.533511239 |
| 11/23/2025 | 302.526550256 | 262.612474845 | 262.612474845 | 257.877262597 | 257.822242636 | 184.331338289 |
| 11/24/2025 | 303.829042952 | 263.579840031 | 263.579840031 | 258.823499792 | 258.768361324 | 184.474703182 |
| 11/25/2025 | 304.553816436 | 264.062018752 | 264.062018752 | 259.288963133 | 259.234075944 | 184.492141326 |
| 11/26/2025 | 305.384473203 | 264.876893519 | 264.876893519 | 260.091212915 | 260.036561685 | 184.549453883 |
| 11/27/2025 | 305.818786187 | 265.14708907 | 265.14708907 | 260.376627564 | 260.321599702 | 184.606393163 |
| 11/28/2025 | 306.368049629 | 265.68222256 | 265.68222256 | 260.917036647 | 260.862091403 | 184.652369485 |
| 11/29/2025 | 306.527988649 | 265.637904127 | 265.637904127 | 260.885899345 | 260.831062508 | 184.591649934 |
| 11/30/2025 | 306.217391074 | 265.513757802 | 265.513757802 | 260.761438192 | 260.706446987 | 184.616288292 |
| 12/1/2025 | 307.061336558 | 266.358671788 | 266.358671788 | 261.670218997 | 261.615206555 | 184.628089623 |
| 12/2/2025 | 307.861800966 | 266.807730577 | 266.807730577 | 262.131768652 | 262.076832445 | 184.714757749 |
| 12/3/2025 | 307.8243656928 | 267.565490171 | 267.565490171 | 262.917615329 | 262.862709408 | 185.310328872 |
| 12/4/2025 | 308.332160395 | 267.833445929 | 267.833445929 | 263.190120038 | 263.135337396 | 185.530759937 |
| 12/5/2025 | 308.546506994 | 268.211207041 | 268.211207041 | 263.575078489 | 263.520142746 | 185.719839718 |
| 12/6/2025 | 308.496762174 | 268.094028887 | 268.094028887 | 263.462257965 | 263.407373776 | 185.648284849 |
| 12/7/2025 | 308.690565281 | 268.071960564 | 268.071960564 | 263.435429943 | 263.380484163 | 185.638105464 |
| 12/8/2025 | 309.045513301 | 268.514951815 | 268.514951815 | 263.892367069 | 263.837905443 | 185.714865071 |
| 12/9/2025 | 309.196363614 | 268.917108276 | 268.917108276 | 264.267412354 | 264.212585593 | 186.210167994 |
| 12/10/2025 | 309.282778354 | 268.989763755 | 268.989763755 | 264.346145664 | 264.29136114 | 186.114181046 |
| 12/11/2025 | 310.249824887 | 269.418149403 | 269.418149403 | 264.791733309 | 264.736903916 | 186.176063765 |
| 12/12/2025 | 310.323501104 | 269.383415196 | 269.383415196 | 264.748008005 | 264.693355582 | 186.273559735 |
| 12/13/2025 | 310.201457049 | 269.316766285 | 269.316766285 | 264.678760524 | 264.623880036 | 186.262597088 |
| 12/14/2025 | 309.901573237 | 269.249680058 | 269.249680058 | 264.600545795 | 264.545581643 | 186.229715569 |
| 12/15/2025 | 309.676154122 | 269.190061531 | 269.190061531 | 264.553277183 | 264.498515588 | 186.291244968 |
| 12/16/2025 | 309.663205889 | 269.107816507 | 269.107816507 | 264.486482531 | 264.431698134 | 186.26650428 |
| 12/17/2025 | 309.584875435 | 268.860718713 | 268.860718713 | 264.25141584 | 264.196419543 | 186.224509088 |
| 12/18/2025 | 309.035905127 | 268.137882135 | 268.137882135 | 263.549616479 | 263.494566711 | 186.16459686 |
| 12/19/2025 | 309.526871181 | 268.058484149 | 268.058484149 | 263.479308687 | 263.424389172 | 186.315187597 |
| 12/20/2025 | 310.595139992 | 268.460914285 | 268.460914285 | 263.908690675 | 263.85375006 | 186.763629145 |
| 12/21/2025 | 309.369690863 | 268.357505507 | 268.357505507 | 263.798001107 | 263.74277441 | 186.718492732 |
| 12/22/2025 | 309.444235206 | 268.432276935 | 268.432276935 | 263.886766466 | 263.831791613 | 186.786276346 |
| 12/23/2025 | 309.051328714 | 268.449275771 | 268.449275771 | 263.905163928 | 263.850176092 | 187.011537799 |
| 12/24/2025 | 308.579141577 | 267.887266857 | 267.887266857 | 263.360693634 | 263.305664129 | 186.765362824 |
| 12/25/2025 | 308.750698415 | 267.806151399 | 267.806151399 | 263.267048911 | 263.212093229 | 186.742397072 |
| 12/26/2025 | 308.675598378 | 267.796721895 | 267.796721895 | 263.27046402 | 263.215518017 | 186.761616943 |
| 12/27/2025 | 308.556557587 | 267.66064574 | 267.66064574 | 263.127293351 | 263.072398299 | 186.696095167 |
| 12/28/2025 | 308.399833861 | 267.436820061 | 267.436820061 | 262.909365065 | 262.854430449 | 186.602151653 |
| 12/29/2025 | 308.272693242 | 267.691758875 | 267.691758875 | 263.176802181 | 263.121842496 | 187.119499494 |
| 12/30/2025 | 307.943049353 | 267.59504677 | 267.59504677 | 263.102483257 | 263.047615089 | 187.06154768 |
| 12/31/2025 | 307.204265189 | 266.888688732 | 266.888688732 | 262.395869114 | 262.340912948 | 187.038867742 |
| 1/1/2026 | 307.233921228 | 266.664482274 | 266.664482274 | 262.173436257 | 262.118441424 | 186.996609505 |
| 1/2/2026 | 308.01656892 | 266.963367224 | 266.963367224 | 262.471133649 | 262.416134889 | 187.132794196 |
| 1/3/2026 | 307.91548258 | 266.862614859 | 266.862614859 | 262.369179319 | 262.314178591 | 187.010743268 |
| 1/4/2026 | 308.255145879 | 266.979355338 | 266.979355338 | 262.489001526 | 262.433976857 | 187.078709065 |
| 1/5/2026 | 308.793580958 | 267.439512718 | 267.439512718 | 262.943882945 | 262.888788711 | 187.226396749 |
| 1/6/2026 | 308.374159762 | 266.939522517 | 266.939522517 | 262.423332104 | 262.368738943 | 186.90240004 |
| 1/7/2026 | 308.115737794 | 266.56155715 | 266.56155715 | 262.050885634 | 261.996279474 | 186.937858905 |
| 1/8/2026 | 307.762688981 | 265.404040452 | 265.404040452 | 260.893870212 | 260.839879372 | 185.932051789 |
| 1/9/2026 | 308.083838627 | 265.922213212 | 265.922213212 | 261.415362521 | 261.361385602 | 186.713145864 |
| 1/10/2026 | 307.947426347 | 265.914135115 | 265.914135115 | 261.405930312 | 261.351538647 | 186.792471438 |
| 1/11/2026 | 307.94705936 | 265.876956669 | 265.876956669 | 261.34397 | 261.28938443 | 186.749668721 |
| 1/12/2026 | 307.412849638 | 265.352559897 | 265.352559897 | 260.826017321 | 260.771363336 | 186.823168034 |
| 1/13/2026 | 308.919209392 | 266.35505599 | 266.35505599 | 261.730676918 | 261.676182306 | 186.815867748 |
| 1/14/2026 | 309.837754496 | 267.143742007 | 267.143742007 | 262.456310441 | 262.401724109 | 186.727589699 |
| 1/15/2026 | 310.699626359 | 268.039232368 | 268.039232368 | 263.352629396 | 263.297969476 | 186.590104041 |
| 1/16/2026 | 311.272775463 | 268.412624376 | 268.412624376 | 263.731368666 | 263.676655038 | 186.583939615 |
| 1/17/2026 | 311.550485448 | 268.348047284 | 268.348047284 | 263.665529536 | 263.610901317 | 186.595013507 |
| 1/18/2026 | 311.38009880329 | 268.331626689 | 268.331626689 | 263.641465727 | 263.58689896 | 186.841416161 |
| 1/19/2026 | 311.176233481 | 267.856095686 | 267.856095686 | 263.204527999 | 263.151397396 | 186.736847182 |
| 1/20/2026 | 309.495833305 | 266.021612632 | 266.021612632 | 261.37704055 | 261.322361794 | 186.840328976 |
| 1/21/2026 | 308.978593063 | 265.609188074 | 265.609188074 | 260.970607603 | 260.916059284 | 186.711771816 |
| 1/22/2026 | 308.722726772 | 264.969753012 | 264.969753012 | 260.320745655 | 260.266205463 | 186.658093333 |
| 1/23/2026 | 309.131135579 | 264.190269084 | 264.190269084 | 259.562724191 | 259.508188677 | 186.599941732 |
| 1/24/2026 | 309.110977946 | 263.893462655 | 263.893462655 | 259.268216929 | 259.213711408 | 186.682404659 |
| 1/25/2026 | 309.066898833 | 263.685261836 | 263.685261836 | 259.06717292 | 259.012687068 | 186.658598123 |
| 1/26/2026 | 308.523956569 | 262.961008159 | 262.961008159 | 258.336312538 | 258.281692515 | 186.280893427 |
| 1/27/2026 | 308.475134161 | 262.292776475 | 262.292776475 | 257.696510781 | 257.641944856 | 186.129444279 |
| 1/28/2026 | 308.172958882 | 261.953408252 | 261.953408252 | 257.337900891 | 257.283346094 | 186.0174747 |
| 1/29/2026 | 306.844810494 | 260.411007058 | 260.411007058 | 255.816181912 | 255.761638388 | 185.531975517 |
| 1/30/2026 | 305.789199909 | 260.103616964 | 260.103616964 | 255.393979615 | 255.353930588 | 185.362510319 |
| 1/31/2026 | 305.181518373 | 259.93770368 | 259.93770368 | 255.224460036 | 255.184434271 | 185.125202425 |
| 2/1/2026 | 305.507857106 | 260.329985774 | 260.329985774 | 255.615800308 | 255.575731268 | 185.249445937 |
| 2/2/2026 | 305.768376539 | 260.513362487 | 260.513362487 | 255.804770235 | 255.76457942 | 185.070808609 |
| 2/3/2026 | 306.209432254 | 260.361914198 | 260.361914198 | 255.652892888 | 255.613150644 | 184.768279488 |
| 2/4/2026 | 306.254657586 | 260.881771706 | 260.881771706 | 256.164612742 | 256.124844378 | 185.35205374 |
| 2/5/2026 | 305.54956966 | 260.424687301 | 260.424687301 | 255.712125695 | 255.672119317 | 185.129905487 |
| 2/6/2026 | 305.913655105 | 260.773381541 | 260.773381541 | 256.062696144 | 256.022675459 | 183.475514411 |
| 2/7/2026 | 306.460278434 | 260.825883579 | 260.825883579 | 256.112342128 | 256.072295174 | 183.360328029 |
| 2/8/2026 | 307.67626762926 | 262.046075156 | 262.046075156 | 257.333543552 | 257.293549115 | 184.456026529 |
| 2/9/2026 | 307.386769656 | 261.88593251 | 261.88593251 | 257.462332495 | 257.422294296 | 184.393776694 |
| 2/10/2026 | 307.195346988 | 261.935650294 | 261.935650294 | 257.508612329 | 257.468611125 | 184.269644689 |
| 2/11/2026 | 307.107548582 | 261.667900995 | 261.667900995 | 257.260189085 | 257.220213564 | 183.873507813 |
| 2/12/2026 | 306.89978826 | 261.537974353 | 261.537974353 | 257.132088379 | 257.092037515 | 183.840801523 |
| 2/13/2026 | 307.773838625 | 261.696356945 | 261.696356945 | 257.311319054 | 257.271293746 | 183.715889423 |
| 2/14/2026 | 307.885589454 | 261.712490753 | 261.712490753 | 257.321770992 | 257.28176737 | 183.712088744 |
| 2/15/2026 | 308.023054874 | 261.812615516 | 261.812615516 | 257.424586747 | 257.384645012 | 183.680576387 |
| 2/16/2026 | 308.25811523 | 261.823298435 | 261.823298435 | 257.438195136 | 257.398210588 | 183.65740639 |
| 2/17/2026 | 307.8620316 | 261.629085347 | 261.629085347 | 257.238488837 | 257.198489178 | 183.647130868 |
| 2/18/2026 | 308.124735639 | 261.761537725 | 261.761537725 | 257.327317076 | 257.287304509 | 183.652782045 |
| 2/19/2026 | 308.134343966 | 261.914323151 | 261.914323151 | 257.486275918 | 257.446237385 | 183.651661298 |
| 2/20/2026 | 307.693931897 | 261.515461565 | 261.515461565 | 257.093494583 | 257.053475729 | 182.556719988 |
| 2/21/2026 | 307.625156171 | 261.396686787 | 261.396686787 | 256.991550877 | 256.95136651 | 182.548090466 |
| 2/22/2026 | 308.787682502 | 262.463845472 | 262.463845472 | 258.055336885 | 258.015370289 | 183.553308457 |
| 2/23/2026 | 308.601407807 | 262.83530431 | 262.83530431 | 258.425095103 | 258.385050594 | 183.61138817 |
| 2/24/2026 | 308.844349191 | 263.096952576 | 263.096952576 | 258.681732043 | 258.64173111 | 183.647519566 |
| 2/25/2026 | 309.476037172 | 263.575019706 | 263.575019706 | 259.142599329 | 259.102550893 | 183.678752344 |
| 2/26/2026 | 308.996548526 | 263.261819748 | 263.261819748 | 258.828567849 | 258.788555036 | 183.450440591 |
| 2/27/2026 | 309.307513937 | 263.378236934 | 263.378236934 | 258.969941651 | 258.929656573 | 183.642358323 |
| 2/28/2026 | 309.603213471 | 263.133629787 | 263.133629787 | 258.732209254 | 258.692329501 | 183.473328258 |
| 3/1/2026 | 309.207970613 | 263.30890836 | 263.30890836 | 258.886890667 | 258.846927451 | 183.624044149 |
| 3/2/2026 | 310.320944665 | 264.073487659 | 264.073487659 | 259.621188202 | 259.581271772 | 183.65313488 |
| 3/3/2026 | 310.578444409 | 264.563740166 | 264.563740166 | 260.113642032 | 260.073654827 | 183.701134201 |
| 3/4/2026 | 311.529191516 | 265.463726168 | 265.463726168 | 260.970001511 | 260.930045377 | 183.878725555 |
| 3/5/2026 | 312.569019927 | 265.746993158 | 265.746993158 | 261.239645386 | 261.19965922 | 183.996961785 |
| 3/6/2026 | 312.736746652 | 265.864894202 | 265.864894202 | 261.365334623 | 261.325344716 | 183.93434976 |
| 3/7/2026 | 312.767868893 | 265.811886908 | 265.811886908 | 261.296848184 | 261.256924864 | 183.955299576 |
| 3/8/2026 | 312.936920113 | 265.741524236 | 265.741524236 | 261.204401616 | 261.164468229 | 183.880021613 |
| 3/9/2026 | 313.979194143 | 266.911068388 | 266.911068388 | 262.391643606 | 262.351724631 | 184.098808361 |
| 3/10/2026 | 314.310268319 | 267.177019776 | 267.177019776 | 262.649278612 | 262.609266808 | 183.875626058 |
| 3/11/2026 | 314.604315735 | 267.281511049 | 267.281511049 | 262.771983403 | 262.732050414 | 183.935217036 |
| 3/12/2026 | 315.220463444 | 267.464185961 | 267.464185961 | 262.942094467 | 262.902199337 | 183.96163646 |
| 3/13/2026 | 315.681726346 | 267.823897064 | 267.823897064 | 263.285337195 | 263.245210708 | 184.003710227 |
| 3/14/2026 | 315.641610732 | 267.51208963 | 267.51208963 | 263.275487122 | 263.235020033 | 184.020963275 |
| 3/15/2026 | 315.617308308 | 267.755690932 | 267.755690932 | 263.218304009 | 263.178295441 | 183.988737024 |
| 3/16/2026 | 315.670382185 | 267.935481785 | 267.935481785 | 263.394310827 | 263.354280108 | 184.062612412 |
| 3/17/2026 | 315.775670186 | 268.273082934 | 268.273082934 | 263.722401335 | 263.68235095 | 184.06214396 |
| 3/18/2026 | 315.325793323 | 267.310387271 | 267.310387271 | 262.758081114 | 262.718099365 | 183.313214438 |
| 3/19/2026 | 315.668232162 | 267.997414785 | 267.997414785 | 263.432291154 | 263.392319771 | 184.133852683 |
| 3/20/2026 | 315.840140709 | 267.828333878 | 267.828333878 | 263.259028916 | 263.219009631 | 184.124130284 |
| 3/21/2026 | 315.838169495 | 267.828470806 | 267.828470806 | 263.254522856 | 263.214502929 | 184.172718587 |
| 3/22/2026 | 315.813249577 | 267.710728426 | 267.710728426 | 263.141046636 | 263.101024105 | 184.095403242 |
| 3/23/2026 | 315.278535534 | 267.340989459 | 267.340989459 | 262.78053014 | 262.740521103 | 184.059715705 |
| 3/24/2026 | 315.392686555 | 267.410052359 | 267.410052359 | 262.857242443 | 262.817225362 | 184.128331053 |
| 3/25/2026 | 315.509735132 | 267.361927316 | 267.361927316 | 262.796488874 | 262.756477252 | 184.071158214 |
| 3/26/2026 | 315.049179103 | 266.74499633 | 266.74499633 | 262.183006127 | 262.142990512 | 184.053953191 |
| 3/27/2026 | 314.945582352 | 266.345011063 | 266.345011063 | 261.790449392 | 261.750452453 | 184.026240217 |
| 3/28/2026 | 314.869420215 | 266.296818873 | 266.296818873 | 261.739615606 | 261.699652017 | 184.026578528 |
| 3/29/2026 | 314.996010562 | 266.227636171 | 266.227636171 | 261.648623604 | 261.608629755 | 184.016535221 |
| 3/30/2026 | 315.28327315 | 266.036282928 | 266.036282928 | 261.427769362 | 261.387802883 | 184.028745852 |
| 3/31/2026 | 316.049642077 | 265.979813836 | 265.979813836 | 261.325767339 | 261.285757469 | 184.159950539 |
| 4/1/2026 | 316.282276858 | 266.026925088 | 266.026925088 | 261.335580906 | 261.295609144 | 184.118772798 |
| 4/2/2026 | 316.57267190632 | 265.861169941 | 265.861169941 | 261.176247762 | 261.13673349 | 183.911609411 |
| 4/3/2026 | 316.966594545 | 266.344159481 | 266.344159481 | 261.652781284 | 261.612811402 | 184.121482443 |
| 4/4/2026 | 316.892474925 | 266.300391903 | 266.300391903 | 261.598368461 | 261.558556166 | 184.07159116 |
| 4/5/2026 | 316.912827626 | 266.342377906 | 266.342377906 | 261.641461603 | 261.601563192 | 184.114071471 |
| 4/6/2026 | 316.505497246 | 266.647753253 | 266.647753253 | 261.927942473 | 261.887895034 | 184.048975184 |
| 4/7/2026 | 317.197142965 | 267.112141063 | 267.112141063 | 262.413395728 | 262.376130823 | 184.58132684 |
| 4/8/2026 | 317.199426408 | 266.980220554 | 266.980220554 | 262.319272084 | 262.279302738 | 184.090007364 |
| 4/9/2026 | 317.632542096 | 267.199832376 | 267.199832376 | 262.545998258 | 262.505923996 | 184.161605086 |
| 4/10/2026 | 318.343948395 | 267.775970064 | 267.775970064 | 263.105966522 | 263.06585865 | 184.303056042 |
| 4/11/2026 | 318.421157548 | 267.835278892 | 267.835278892 | 263.151909641 | 263.11194884 | 184.36954631 |
| 4/12/2026 | 318.526442587 | 267.843817114 | 267.843817114 | 263.190041551 | 263.149724017 | 184.473344541 |
| 4/13/2026 | 318.668975385 | 268.156169893 | 268.156169893 | 263.535053092 | 263.495105977 | 184.783169539 |
| 4/14/2026 | 319.701995817 | 268.997949284 | 268.997949284 | 264.390969648 | 264.350967919 | 185.489007357 |
| 4/15/2026 | 319.749562621 | 268.726042751 | 268.726042751 | 264.1434626 | 264.103498266 | 185.475308322 |
| 4/16/2026 | 320.260904321 | 269.236549395 | 269.236549395 | 264.644709553 | 264.604556033 | 185.821418387 |
| 4/17/2026 | 321.110203898 | 269.909799262 | 269.909799262 | 265.308000753 | 265.26803743 | 186.635325383 |
| 4/18/2026 | 321.279686931 | 270.112498166 | 270.112498166 | 265.517210826 | 265.477438903 | 186.894729169 |
| 4/19/2026 | 320.35894076 | 270.17913388 | 270.17913388 | 265.564345981 | 265.524338594 | 187.236297938 |
Note: The key identifies series in order from top to bottom. USD is U.S. dollar.
Source: Llama Corp, DeFiLlama.
Figure 4.6. Mutual fund corporate bond holdings returned to pre-pandemic levels
Billions of dollars (real)
| Date | Corporate bonds |
|---|---|
| 2000 Q1 | 415.230869949 |
| 2000 Q2 | 411.240925854037 |
| 2000 Q3 | 394.863365106875 |
| 2000 Q4 | 360.691380961502 |
| 2001 Q1 | 369.412466325176 |
| 2001 Q2 | 372.856641006384 |
| 2001 Q3 | 368.569374648416 |
| 2001 Q4 | 455.022971981948 |
| 2002 Q1 | 466.737151489601 |
| 2002 Q2 | 518.678978683967 |
| 2002 Q3 | 500.737199150978 |
| 2002 Q4 | 501.56016375345 |
| 2003 Q1 | 506.941193078324 |
| 2003 Q2 | 558.046352087114 |
| 2003 Q3 | 563.480121455662 |
| 2003 Q4 | 553.79354324666 |
| 2004 Q1 | 600.759779438082 |
| 2004 Q2 | 517.682835656316 |
| 2004 Q3 | 519.18163809775 |
| 2004 Q4 | 531.683582226494 |
| 2005 Q1 | 503.990803230288 |
| 2005 Q2 | 507.551384747215 |
| 2005 Q3 | 470.593546816796 |
| 2005 Q4 | 470.19923601752 |
| 2006 Q1 | 483.191948726542 |
| 2006 Q2 | 466.577651590048 |
| 2006 Q3 | 467.647889152876 |
| 2006 Q4 | 492.641148570484 |
| 2007 Q1 | 498.347249238058 |
| 2007 Q2 | 487.945628480209 |
| 2007 Q3 | 473.951906576854 |
| 2007 Q4 | 461.17347003651 |
| 2008 Q1 | 449.15444813068 |
| 2008 Q2 | 473.992609608317 |
| 2008 Q3 | 436.443236733335 |
| 2008 Q4 | 402.454113255719 |
| 2009 Q1 | 424.78843595972 |
| 2009 Q2 | 496.93715278264 |
| 2009 Q3 | 559.119380781082 |
| 2009 Q4 | 638.393730260804 |
| 2010 Q1 | 736.018770572252 |
| 2010 Q2 | 742.988055528379 |
| 2010 Q3 | 832.347670603975 |
| 2010 Q4 | 954.915128530379 |
| 2011 Q1 | 1000.33524373721 |
| 2011 Q2 | 1003.1872997316 |
| 2011 Q3 | 910.65995516342 |
| 2011 Q4 | 949.355949525521 |
| 2012 Q1 | 1051.74247791494 |
| 2012 Q2 | 1073.85407606567 |
| 2012 Q3 | 1176.07124542257 |
| 2012 Q4 | 1245.93179411088 |
| 2013 Q1 | 1278.2648190714 |
| 2013 Q2 | 1289.68618379639 |
| 2013 Q3 | 1319.07586741864 |
| 2013 Q4 | 1367.695915468 |
| 2014 Q1 | 1412.4286578533 |
| 2014 Q2 | 1449.64823324899 |
| 2014 Q3 | 1431.2004462054 |
| 2014 Q4 | 1464.42460537609 |
| 2015 Q1 | 1522.55107352515 |
| 2015 Q2 | 1509.97922106973 |
| 2015 Q3 | 1492.34017470608 |
| 2015 Q4 | 1413.36685206808 |
| 2016 Q1 | 1472.20194226289 |
| 2016 Q2 | 1506.70023892865 |
| 2016 Q3 | 1546.85709118072 |
| 2016 Q4 | 1511.35866663722 |
| 2017 Q1 | 1554.53498287556 |
| 2017 Q2 | 1556.49698247918 |
| 2017 Q3 | 1563.87071306863 |
| 2017 Q4 | 1524.7115344067 |
| 2018 Q1 | 1500.20220602027 |
| 2018 Q2 | 1489.90836441801 |
| 2018 Q3 | 1543.88921127796 |
| 2018 Q4 | 1447.96777219251 |
| 2019 Q1 | 1580.99927374817 |
| 2019 Q2 | 1602.28377451702 |
| 2019 Q3 | 1631.234055473 |
| 2019 Q4 | 1628.78384485074 |
| 2020 Q1 | 1505.96013495723 |
| 2020 Q2 | 1836.50208446884 |
| 2020 Q3 | 1885.57958370279 |
| 2020 Q4 | 1925.32775566483 |
| 2021 Q1 | 1908.28525991389 |
| 2021 Q2 | 1954.96617715315 |
| 2021 Q3 | 1894.98338855862 |
| 2021 Q4 | 1831.77574642492 |
| 2022 Q1 | 1638.41625037542 |
| 2022 Q2 | 1385.53142217984 |
| 2022 Q3 | 1295.36313993174 |
| 2022 Q4 | 1291.4960908439 |
| 2023 Q1 | 1322.63813860681 |
| 2023 Q2 | 1300.07807646075 |
| 2023 Q3 | 1235.47143907807 |
| 2023 Q4 | 1321.35707344151 |
| 2024 Q1 | 1403.09914400022 |
| 2024 Q2 | 1395.20317225035 |
| 2024 Q3 | 1520.57595166186 |
| 2024 Q4 | 1452.3856703163 |
| 2025 Q1 | 1500.87650488421 |
| 2025 Q2 | 1502.07067476765 |
| 2025 Q3 | 1516.89797046585 |
| 2025 Q4 | 1585.11398935886 |
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 2025 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.
Figure 4.7. Bank loan and high-yield fund assets stayed well below their 2021 peaks
This is a stacked area chart showing monthly data from January 2000 to February 2026, with the y-axis measuring billions of dollars (real) ranging from 0 to 600 billion. The chart displays two variables: Bank loan mutual funds (burgundy area on top) and High-yield bond mutual funds (beige area on bottom). Throughout the series, high-yield bond mutual funds are the majority of combined assets. Combined assets started around 225 billion dollars in 2000, remained relatively stable until a decline in 2009 to about 150 billion, then grew substantially to peak at approximately 550-600 billion dollars around 2014-2015. After a brief decline in 2016, assets rose again to nearly 500 billion dollars by 2018. Following a sharp drop to about 375 billion dollars and recovery back to about 450 billion dollars by the end of 2021, assets declined in 2022 to about 350 billion dollars. Total assets have slightly increased since then, with a final value of about 375 billion dollars in February 2026, with high-yield bond mutual funds accounting for about three-quarters of the total combined assets.
Note: The data are converted to constant 2026 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.
Figure 4.8. Inflows to mutual funds continued in early 2026
This is a line chart showing monthly data from 2017 to 2026. The chart has dual y-axes. The left y-axis ranges from -50 to 30 billion dollars. The right y-axis ranges from -100 to 60 billion dollars. Three variables are plotted. The first variable, "Investment-grade bond mutual funds," is represented by a thin black line referencing the right scale. The second variable, "Bank loan mutual funds," is shown by a medium-thick blue line referencing the left scale. The third variable, "High-yield bond mutual funds," is depicted by a thick burgundy line referencing the right scale. Investment-grade bond mutual funds start at approximately 5 billion dollars, Bank loan mutual funds at approximately 3 billion dollars, and High-yield bond mutual funds at approximately 1 billion dollars. All three series remain around zero throughout the time period with occasional spikes. A notable drop occurs for all series in early 2020, with Investment-grade bond mutual funds falling to roughly –90 billion dollars, and Bank-loan mutual funds and High-yield bond mutual funds falling to approximately –10. As of February 2026, inflows to Investment-grade bond mutual funds are slightly positive at about 10 billion dollars, while inflows to Bank loan mutual funds and High-yield bond mutual funds are approximately 0 billion dollars.
Note: Mutual fund assets under management as of February 2026 included $2,637 billion in investment-grade bond mutual funds, $286 billion in high-yield bond mutual funds, and $75 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.
Figure 4.9. Life insurers’ use of nontraditional liabilities increased further
Billions of dollars (real)
| Date | Repurchase agreements | Securities lending cash collateral | FHLB Advances | Funding-Agreement Backed Securities |
|---|---|---|---|---|
| 2006 | 4.96322026634392 | 219.715499007092 | 14.3163446873837 | 257.523749776401 |
| 2007 | 4.24834506711157 | 223.3801055531 | 25.830033105526 | 265.428936571724 |
| 2008 | 12.4091257143561 | 74.8089299771371 | 51.5256963183697 | 251.341172493878 |
| 2009 | 15.2503493626654 | 57.1623432328899 | 68.0168454454897 | 178.214714240565 |
| 2010 | 15.194402189865 | 62.5160282133224 | 63.0235466205867 | 139.455252606821 |
| 2011 Q1 | 8.81574393051789 | 67.1915075598537 | 63.0741022840038 | 123.683346608993 |
| 2011 Q2 | 9.70550496355049 | 66.2323012892052 | 61.9573210988703 | 116.925313910165 |
| 2011 Q3 | 9.76933741389366 | 63.4069368920272 | 61.9599427049412 | 108.851300019548 |
| 2011 Q4 | 10.138312996582 | 60.6308853421672 | 62.5162822527287 | 108.589739802395 |
| 2012 Q1 | 11.5533239598336 | 59.6082902725225 | 63.6972834196123 | 104.713779857572 |
| 2012 Q2 | 14.8913458758664 | 68.3595327488518 | 67.966490261492 | 106.459311316448 |
| 2012 Q3 | 15.8276969720337 | 77.2747539448132 | 67.4947772463985 | 107.783290155636 |
| 2012 Q4 | 15.7746291506804 | 75.4490048483869 | 65.6473565545556 | 103.398287109074 |
| 2013 Q1 | 18.5937011046342 | 75.2323227755656 | 66.5175339477287 | 102.360700521368 |
| 2013 Q2 | 18.5313649777629 | 76.492792839511 | 67.7624823354213 | 91.5997911517187 |
| 2013 Q3 | 17.8453849653456 | 70.5977382770135 | 66.337824209026 | 86.6321490492458 |
| 2013 Q4 | 15.9506956399214 | 77.5538663621138 | 67.4306473397459 | 84.3256730716216 |
| 2014 Q1 | 18.7730273972533 | 79.1168983048303 | 67.1958256043652 | 78.4470334371468 |
| 2014 Q2 | 18.8134746477869 | 81.4965593839238 | 67.463841534322 | 82.6161137682873 |
| 2014 Q3 | 20.7217416526039 | 85.5353951720077 | 67.9220849317311 | 89.0189636334645 |
| 2014 Q4 | 15.8307634366741 | 73.9999656897944 | 68.2769098396078 | 94.0459987929638 |
| 2015 Q1 | 15.1997887095056 | 74.4644589679405 | 71.5532328632969 | 95.3545053597727 |
| 2015 Q2 | 14.7165565367035 | 68.932947075547 | 72.9079370309824 | 92.1538767181311 |
| 2015 Q3 | 14.743289665592 | 68.4144352729623 | 74.5308722362172 | 87.7660247291063 |
| 2015 Q4 | 11.7062986181522 | 67.4739585933002 | 75.7452645468172 | 94.1276939281736 |
| 2016 Q1 | 14.2636213615705 | 70.2173220369015 | 79.6101061557149 | 92.0121697687258 |
| 2016 Q2 | 16.0738012649131 | 72.592938795607 | 83.7628344508798 | 93.3355206903188 |
| 2016 Q3 | 17.1128267672647 | 73.9604996913449 | 87.1119081835058 | 94.4328811068094 |
| 2016 Q4 | 12.9724011055182 | 63.5654882508255 | 87.8371054993087 | 99.5267019574148 |
| 2017 Q1 | 17.1045773904149 | 66.9521899848394 | 90.7772204655671 | 101.24465551987 |
| 2017 Q2 | 17.3441144194261 | 67.0748156798085 | 90.4977285023 | 105.946522600457 |
| 2017 Q3 | 18.9721706915034 | 67.856651925369 | 90.3832080105093 | 114.195262202265 |
| 2017 Q4 | 21.8162076015127 | 64.3896125028175 | 92.6301383601957 | 112.190929142617 |
| 2018 Q1 | 21.4987814554497 | 67.6720836357481 | 98.6286134811508 | 113.384468889701 |
| 2018 Q2 | 23.9009674671215 | 59.0182806975131 | 97.9083006519018 | 114.153055147292 |
| 2018 Q3 | 23.2821470876225 | 59.9267474728077 | 96.0221526264591 | 115.44869077105 |
| 2018 Q4 | 23.1169049696602 | 53.5142218137817 | 99.1372684400886 | 112.491562054638 |
| 2019 Q1 | 22.2988998498251 | 57.9823542944359 | 101.485732639628 | 116.344960610785 |
| 2019 Q2 | 20.9923058763446 | 57.4732871122217 | 100.380366310809 | 114.53479905572 |
| 2019 Q3 | 19.9668259996508 | 57.4902566934023 | 103.968372231999 | 115.738366324131 |
| 2019 Q4 | 21.4555385221333 | 56.5074524423845 | 107.310135644774 | 118.739495350707 |
| 2020 Q1 | 23.4029394223992 | 53.5204830626624 | 126.487947231092 | 125.508127280886 |
| 2020 Q2 | 26.1305915762778 | 60.2223053409746 | 129.278162372743 | 132.89795963328 |
| 2020 Q3 | 25.7956785453194 | 59.2543866245348 | 124.743983631824 | 140.379097274296 |
| 2020 Q4 | 25.7436925640446 | 59.952776937214 | 125.477042167753 | 145.331381434969 |
| 2021 Q1 | 31.8848878026401 | 64.1639896009802 | 134.605169676358 | 156.992911761026 |
| 2021 Q2 | 24.3613793955331 | 64.5919505624058 | 127.434429262696 | 171.719904635983 |
| 2021 Q3 | 21.6469645995047 | 69.7923968126157 | 123.22381942892 | 183.613390816735 |
| 2021 Q4 | 25.5103077362908 | 63.3062937140194 | 125.000449295277 | 185.37524037552 |
| 2022 Q1 | 24.0033175113673 | 63.5761511987066 | 134.958552749131 | 197.584614683265 |
| 2022 Q2 | 24.28230068437 | 53.3394632913465 | 138.224299021537 | 194.528319338968 |
| 2022 Q3 | 25.4167942142378 | 48.1457910687586 | 140.080535088338 | 191.674670002953 |
| 2022 Q4 | 26.9643408172889 | 44.6940312795277 | 140.639254984578 | 194.578957766077 |
| 2023 Q1 | 26.857817490973 | 46.5675163229142 | 144.664902867198 | 194.853513741903 |
| 2023 Q2 | 24.8185715826657 | 39.0522733698614 | 140.628975100667 | 195.904018813631 |
| 2023 Q3 | 22.7674046130294 | 41.8174479732115 | 142.814757241661 | 199.790479048483 |
| 2023 Q4 | 25.5302430287633 | 42.2578541763989 | 142.314198119535 | 201.552936514732 |
| 2024 Q1 | 27.8479641193412 | 43.8370313233548 | 145.816157045004 | 213.698322218056 |
| 2024 Q2 | 26.3470570937595 | 41.6189541478261 | 150.821434160195 | 210.911317291261 |
| 2024 Q3 | 27.8302748161506 | 42.3961533109785 | 153.364549287577 | 221.485159253831 |
| 2024 Q4 | 28.3612843171862 | 47.7914605550349 | 156.914768999722 | 227.484813235232 |
| 2025 Q1 | 25.9470722166927 | 52.3157219172111 | 159.59331052889 | 238.459827455963 |
| 2025 Q2 | 27.2517353173964 | 50.6608272364907 | 165.333482801244 | 257.64101667656 |
| 2025 Q3 | 24.4853461099063 | 52.3317069716993 | 166.091042526099 | 276.976437576449 |
| 2025 Q4 | 28.82402959 | 54.439023737 | 167.03782181996 | 280.828547829359 |
Note: The data are converted to constant 2025 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.
Figure 4.10. Life insurers continued to hold a significant share of illiquid assets on their balance sheets
Billions of dollars (real) / Percent share
| 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 property and casualty insurer assets (Percent share) |
|---|---|---|---|---|---|---|---|---|
| 2006 | 385.441964638541 | 425.814100713569 | 291.751581392102 | 213.534091059583 | 491.166648771871 | 15.7516903988327 | 33.017550167266 | 10.0714597798726 |
| 2007 | 406.594200343572 | 442.710649461274 | 328.264329837827 | 277.8302061042 | 493.411540470727 | 21.3773074850575 | 35.1179357066853 | 12.3575453416683 |
| 2008 | 384.822081177265 | 443.013302070744 | 323.063481777734 | 244.640367286123 | 501.449430533829 | 22.2481607052594 | 35.0582425248613 | 11.9269143017615 |
| 2009 | 343.208014331511 | 430.498173983662 | 325.580488677446 | 250.346408707382 | 509.114087226654 | 26.0116629456434 | 33.7874269197647 | 10.9609375555312 |
| 2010 | 299.324255396023 | 412.295275894002 | 272.948043653424 | 323.081093747966 | 525.26293833594 | 30.4134721839485 | 31.534410178134 | 12.8969284466183 |
| 2011 | 296.184590664479 | 420.809417453603 | 255.632568216457 | 330.969461321458 | 526.222059877618 | 36.0573835889935 | 30.7440493467803 | 13.442390540412 |
| 2012 | 269.222210679136 | 429.130207801554 | 230.814798383526 | 347.186048379166 | 535.683544086435 | 44.479030017515 | 30.5913460331569 | 13.4162491707547 |
| 2013 | 258.814787682152 | 446.547073623878 | 222.123700624738 | 370.938055370188 | 564.404938967577 | 59.4301790816984 | 30.5486157379207 | 14.9484620369499 |
| 2014 | 259.22883015512 | 462.600583256874 | 221.918412187056 | 397.80997808006 | 562.03047760129 | 86.4528895270136 | 31.0683436911849 | 14.8703323930687 |
| 2015 | 243.764300615299 | 497.202282969112 | 214.998555438235 | 386.648724126075 | 583.795869757895 | 101.671714978655 | 31.1328154772642 | 15.0162954483463 |
| 2016 | 247.166167306671 | 532.553887954074 | 206.729483013608 | 400.430049367097 | 610.902338653502 | 107.616884181423 | 31.1565106056618 | 15.0970940037344 |
| 2017 | 231.328600434858 | 566.665788764106 | 200.465006637227 | 427.488766961629 | 613.097379324183 | 116.685821080736 | 31.3030984933833 | 14.672524263019 |
| 2018 | 225.858488044579 | 604.131713981503 | 211.357044527979 | 428.241941778266 | 590.610150305755 | 147.159825951737 | 32.5700544104485 | 14.7923294662719 |
| 2019 | 222.689351104789 | 655.466528227333 | 227.507676979621 | 467.886603917571 | 660.783311145324 | 173.772956781064 | 33.3841345614106 | 15.0518921708826 |
| 2020 | 217.508167483618 | 673.585189416288 | 238.037914326301 | 524.810845777971 | 760.282379743917 | 210.344599157978 | 34.2245808060366 | 16.0842379846981 |
| 2021 | 214.557220168637 | 669.047445446178 | 230.153220931573 | 572.455495138608 | 772.597567597091 | 236.474175548593 | 34.8481588131624 | 15.5802587398348 |
| 2022 | 205.769769665181 | 657.845371046362 | 215.933158268261 | 541.453151483295 | 785.46886742835 | 254.576970299043 | 36.7376433175391 | 15.0663028307971 |
| 2023 | 234.67035906042 | 660.634576192176 | 198.418051448092 | 521.994009359622 | 777.064673925066 | 265.936569782868 | 37.2342630879434 | 13.7061018543732 |
| 2024 | 266.975137045 | 652.996189284 | 189.169850339 | 544.749537479 | 811.895216533 | 265.365219548 | 37.3883526779811 | 13.753838071501 |
Note: The data are converted to constant 2024 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.
Figure A. Private credit market size and share of corporate debt
Percent/Billions of dollars
| Date | Total private credit (billions of dollars) | Share of below-investment-grade debt (percent) | Share of nonfinancial corporation debt (percent) |
|---|---|---|---|
| 2012 | 217.28 | 12.70 | 3.17 |
| 2013 | 226.46 | 11.52 | 3.10 |
| 2014 | 256.53 | 11.56 | 3.30 |
| 2015 | 266.91 | 11.85 | 3.19 |
| 2016 | 302.23 | 13.36 | 3.49 |
| 2017 | 332.61 | 14.04 | 3.62 |
| 2018 | 376.70 | 14.58 | 3.79 |
| 2019 | 448.20 | 16.66 | 4.24 |
| 2020 | 549.89 | 18.27 | 4.72 |
| 2021 | 770.15 | 22.25 | 6.18 |
| 2022 | 919.48 | 26.04 | 7.05 |
| 2023 | 1062.89 | 29.49 | 7.97 |
| 2024 | 1261.63 | 32.61 | 9.14 |
| 2025 | 1449.44 | 33.82 | 10.09 |
Note: Based on invested capital of North America–focused private debt funds and total assets of business development companies and credit-focused interval funds.
Source: Preqin; LSEG Data & analytics: BDC Collateral; ICE Data Indices, LLC, used with permission; PitchBook Data, Leveraged Commentary & Data; Federal Reserve Board, Statistical Release Z.1, "Financial accounts of the United States."
Figure B. Semi-liquid private credit funds
Billions of dollars/Percent
| Date | Total net assets (billions of dollars) | Share of private credit market (percent) |
|---|---|---|
| 2020 | 8.69 | 1.75 |
| 2021 | 33.94 | 5.05 |
| 2022 | 68.46 | 8.65 |
| 2023 | 104.68 | 11.42 |
| 2024 | 170.81 | 16.23 |
| 2025 | 237.66 | 20.41 |
Note: Based on net assets of perpetual business development companies and credit-focused interval funds.
Source: LSEG Data & analytics: BDC Collateral; Morningstar, Inc., Morningstar Direct; Preqin.
Figure C. Perpetual business development company net flows
Billions of dollars
| Date | Inflows | Outflows | Net flows |
|---|---|---|---|
| 2021Q2 | 0.89 | 0.00 | 0.89 |
| 2021Q3 | 2.92 | 0.00 | 2.91 |
| 2021Q4 | 4.61 | -0.01 | 4.59 |
| 2022Q1 | 7.66 | -0.09 | 7.58 |
| 2022Q2 | 9.05 | -0.32 | 8.72 |
| 2022Q3 | 5.15 | -0.76 | 4.39 |
| 2022Q4 | 3.41 | -1.37 | 2.04 |
| 2023Q1 | 2.74 | -1.22 | 1.52 |
| 2023Q2 | 3.90 | -1.53 | 2.37 |
| 2023Q3 | 7.43 | -0.79 | 6.64 |
| 2023Q4 | 7.79 | -0.93 | 6.85 |
| 2024Q1 | 9.82 | -1.08 | 8.73 |
| 2024Q2 | 10.79 | -0.98 | 9.81 |
| 2024Q3 | 9.56 | -1.01 | 8.56 |
| 2024Q4 | 10.91 | -1.18 | 9.73 |
| 2025Q1 | 13.31 | -1.44 | 11.87 |
| 2025Q2 | 11.87 | -2.77 | 9.10 |
| 2025Q3 | 13.08 | -2.27 | 10.82 |
| 2025Q4 | 9.80 | -6.33 | 3.47 |
| 2026Q1 | 6.28 | -8.37 | -2.09 |
Note: Based on 14 largest perpetual business development companies, which account for 86 percent of the segment’s total assets. The data begin in 2021:Q2.
Source: Federal Reserve staff calculations based on Securities and Exchange Commission, Form 8-K.
Figure A. Spring 2026: Most cited potential shocks over the next 12 to 18 months
Figure A is a horizontal bar chart showing the percentage of market respondents in Spring 2026 citing various potential shocks that could negatively affect the U.S. financial system over the next 12 to 18 months. The x-axis measures percentage of respondents and ranges from 0 to 80 percent. Geopolitical risks ranks highest at approximately 75 percent, followed by oil shock at about 70 percent. Artificial intelligence and private credit are both cited at about 50 percent. Persistent inflation; monetary tightening is next at about 45 percent, then risk asset/valuations correction at about 35 percent. Fiscal debt sustainability is at about 30 percent. Policy uncertainty, cyberattacks, and higher long-term rates are all cited at 20 percent. Market liquidity strains and volatility is cited at 15 percent. The least-cited concerns are labor market weakness and basis trade, both at about 10 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 impact on the functioning of the U.S. financial system?"
Source: Federal Reserve Bank of New York survey of 20 market contacts from March through April.
Figure B. Fall 2025: Most cited potential shocks over the next 12 to 18 months
Figure A is a horizontal bar chart showing the percentage of market respondents in Fall 2025 citing various potential shocks that could negatively affect the U.S. financial system over the next 12 to 18 months. The x-axis measures percentage of respondents and ranges from 0 to 70 percent. Policy uncertainty ranks highest at approximately 61 percent, followed by geopolitical risks at about 48 percent. Persistent inflation; monetary tightening and higher long-term rates both register around 43 percent. Three responses—artificial intelligence, asset price declines, and fiscal debt sustainability—each show about 30 percent. U.S. dollar depreciation, private credit, and foreign divestment from U.S. assets each measure approximately 22 percent. The least-cited concerns are money market stress and cyberattacks, both at about 18 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 impact on the functioning of the U.S. financial system?"
Source: Federal Reserve Bank of New York survey of 23 market contacts from September through October.