date

31DEC1926
31DEC1927
31DEC1928
31DEC1929
31DEC1930
31DEC1931
31DEC1932
31DEC1933
31DEC1934
31DEC1935
31DEC1936
31DEC1937
31DEC1938
31DEC1939
31DEC1940
31DEC1941
31DEC1942
31DEC1943
31DEC1944
31DEC1945
31DEC1946
31DEC1947
31DEC1948
31DEC1949
31DEC1950
31DEC1951
31DEC1952
31DEC1953
31DEC1954
31DEC1955
31DEC1956
31DEC1957
31DEC1958
31DEC1959
31DEC1960
31DEC1961
31DEC1962
31DEC1963
31DEC1964
31DEC1965
31DEC1966
31DEC1967
31DEC1968
31DEC1969
31DEC1970

Value-Weighted Return-incl. dividends

0.089655115
0.331988764
0.388479072
-0.153437488
-0.290183221
-0.445637307
-0.082815448
0.571024424
0.033765927
0.452553669
0.323011874
-0.34585652
0.283487214
0.020456977
-0.074913597
-0.100501293
0.16683845
0.280494834
0.213168699
0.389999952
-0.064295845
0.033130533
0.021382306
0.201096344
0.304852746
0.209607378
0.133295671
0.003680374
0.504015933
0.254096366
0.085896052
-0.103454586
0.447800475
0.126447046
0.012045362
0.269593131
-0.103111542
0.208875604
0.163036835
0.143859111
-0.086889609
0.285665817
0.141690039
-0.10836059
0.000723053

Return on the S&P 500 Index

0.082667012
0.309118962
0.378822001
-0.119096144
-0.284848476
-0.470665291
-0.151478516
0.465892288
-0.05940551
0.413689544
0.27922579
-0.385914007
0.252131024
-0.05450431
-0.152922836
-0.178639281
0.124281086
0.194473858
0.137959851
0.307228535
-0.118664452
-1.95349E-06
-0.006536411
0.102633409
0.217780406
0.164624333
0.117794399
-0.066241306
0.450220642
0.264035102
0.026164711
-0.143132925
0.380594828
0.084767696
-0.029720829
0.231286021
-0.118098363
0.188907091
0.129697709
0.090618012
-0.130909767
0.200921373
0.076601904
-0.113615055
0.000976882

31DEC1971
31DEC1972
31DEC1973
31DEC1974
31DEC1975
31DEC1976
31DEC1977
31DEC1978
31DEC1979
31DEC1980
31DEC1981
31DEC1982
31DEC1983
31DEC1984
31DEC1985
31DEC1986
31DEC1987
31DEC1988
31DEC1989
31DEC1990
31DEC1991
31DEC1992
31DEC1993
31DEC1994
31DEC1995
31DEC1996
31DEC1997
31DEC1998
31DEC1999
31DEC2000
31DEC2001
31DEC2002
31DEC2003
31DEC2004
31DEC2005
31DEC2006
31DEC2007
31DEC2008
31DEC2009
31DEC2010
31DEC2011
31DEC2012
31DEC2013

0.161989367
0.173404405
-0.187479894
-0.279411317
0.373581762
0.267689856
-0.029768254
0.085447094
0.244090538
0.332392693
-0.03986319
0.204219244
0.226502979
0.031620344
0.3141134
0.155620222
0.018308048
0.175554675
0.28432164
-0.060834919
0.33643689
0.090645316
0.115890397
-0.00757442
0.356722987
0.211785773
0.303525872
0.222597835
0.252648637
-0.110472537
-0.112647894
-0.208431629
0.331426762
0.129961732
0.073168611
0.162024762
0.072937555
-0.382112183
0.312900542
0.17707926
-0.010698829
0.157587335
0.30447615

0.107867256
0.1563305
-0.173656157
-0.297180668
0.3154931
0.191485068
-0.115018543
0.010620865
0.123088707
0.257737024
-0.097303664
0.147611417
0.172712276
0.014006942
0.263334478
0.146204273
0.020276708
0.124008137
0.272506205
-0.065589989
0.263065649
0.044642939
0.070550228
-0.015392836
0.341108552
0.20263745
0.310083835
0.266685163
0.195258999
-0.101392044
-0.130426666
-0.233659399
0.263804765
0.089932082
0.030009061
0.136195533
0.035297246
-0.384856648
0.23454298
0.127827906
-3.12011E-05
0.134056624
0.296013348

Moody's Aaa
4.68
4.46
4.61
4.67
4.52
5.32
4.59
4.5
3.81
3.44
3.1
3.21
3.08
2.94
2.71
2.8
2.81
2.74
2.7
2.61
2.61
2.86
2.79
2.58
2.67
3.01
2.97
3.13
2.9
3.15
3.75
3.81
4.08
4.58
4.35
4.42
4.24
4.35
4.44
4.68
5.39
6.19
6.45
7.72
7.64

Moody's Baa
5.68
5.32
5.6
5.95
6.71
10.42
8.42
7.75
6.23
5.3
4.53
5.73
5.27
4.92
4.45
4.38
4.28
3.82
3.49
3.1
3.17
3.52
3.53
3.31
3.2
3.61
3.51
3.74
3.45
3.62
4.37
5.03
4.85
5.28
5.1
5.1
4.92
4.85
4.81
5.02
6.18
6.93
7.23
8.65
9.12

Treasury Constant Maturity 1-month

7.25
7.08
7.68
8.89
8.79
7.98
8.19
9.16
10.74
13.21
14.23
11.83
12.57
12.13
10.16
8.49
10.11
9.57
8.86
9.05
8.31
7.98
6.93
8.46
6.82
7.2
6.76
6.22
7.55
7.21
6.77
6.21
5.62
5.47
5.37
5.32
5.49
5.05
5.26
5.02
3.93
3.65
4.62

8.38
7.93
8.48
10.63
10.56
9.12
8.99
9.94
12.06
15.14
16.55
14.14
13.75
13.4
11.58
9.97
11.29
10.65
9.82
10.43
9.26
8.81
7.69
9.1
7.49
7.89
7.32
7.23
8.19
8.02
8.05
7.45
6.6
6.15
6.32
6.22
6.65
8.43
6.37
6.1
5.25
4.63
5.38

1.72
1.2
0.89
1.96
3.69
4.87
2.86
0.03
0.03
0.09
0
0.04
0.02

Treasury Constant Maturity 3-month

Treasury Constant Maturity 6-month

8.2
9.36
8.34
7.33
5.68
5.96
8.35
7.88
6.95
4.18
3.29
3.13
5.76
5.29
5.04
5.3
4.5
5.36
5.94
1.72
1.21
0.91
2.22
3.97
4.97
3.07
0.03
0.05
0.14
0.01
0.07
0.07

8.59
9.76
8.76
7.5
5.78
6.68
8.7
7.81
7.03
4.26
3.47
3.34
6.5
5.35
5.24
5.45
4.57
5.68
5.92
1.82
1.27
1.01
2.5
4.33
5.07
3.34
0.26
0.17
0.19
0.05
0.12
0.1

Treasury Constant Maturity 10-year

Treasury Constant Maturity 1-year

2.59
2.51
2.96
3.59
3.21
3.86
4.69
3.84
4.06
3.86
4.13
4.18
4.62
4.84
5.7
6.03
7.65
6.39

1.66
1.21
2.73
3.68
3.18
3.29
5.14
2.86
3.18
3.01
3.81
4.02
4.72
5.2
5.71
6.19
8.17
5

5.93
6.36
6.74
7.43
8
6.87
7.69
9.01
10.39
12.84
13.72
10.54
11.83
11.5
9.26
7.11
8.99
9.11
7.84
8.08
7.09
6.77
5.77
7.81
5.71
6.3
5.81
4.65
6.28
5.24
5.09
4.03
4.27
4.23
4.47
4.56
4.1
2.42
3.59
3.29
1.98
1.72
2.9

4.6
5.52
7.27
7.31
6.6
4.89
6.96
10.3
11.98
14.88
12.85
8.91
10.11
9.33
7.67
5.87
7.17
8.99
7.72
7.05
4.38
3.71
3.61
7.14
5.31
5.47
5.53
4.52
5.84
5.6
2.22
1.45
1.31
2.67
4.35
4.94
3.26
0.49
0.37
0.29
0.12
0.16
0.13

Treasury Constant Maturity 20-year

Treasury Constant Maturity 2-year

2.89
2.67
2.98
3.45
3.38
3.86
4.33
3.91
4.07
3.92
4.19
4.18
4.5
4.76
5.59
5.88
6.91
6.28

6
5.96
7.29
7.91
8.23
7.3
7.87
8.9
10.18
12.49
13.73
10.62
12.02
11.64
9.75
7.28

6.4
7.99
6.12
6.65
6.07
5.36
6.69
5.64
5.76
5.01
5.11
4.88
4.73
4.78
4.57
3.18
4.4
4.17
2.67
2.47
3.63

5.38
7.18
9.72
11.39
14.08
13.29
9.66
10.84
10.18
8.15
6.27
7.86
9.09
7.78
7.31
5.03
4.67
4.21
7.59
5.32
5.78
5.72
4.51
6.1
5.35
3.11
1.84
1.91
3.01
4.4
4.67
3.12
0.82
0.87
0.62
0.26
0.26
0.34

Treasury Constant Maturity 30-year

Treasury Constant Maturity 3-year

2.07
1.81
2.88
3.76
3.11
3.72
5.12
3.42
3.72
3.37
4.01
4.08
4.79
5.19
5.71
6.16
8.1
5.75

7.94
8.88
10.12
12.4
13.45
10.54
11.88
11.52
9.54
7.37
9.12
9.01
7.9
8.24
7.7
7.44
6.25
7.87
6.06
6.55
5.99
5.06
6.35
5.49
5.48

4.68
4.53
2.87
4.49
4.42
2.98
2.88
3.89

5.27
6.01
6.81
7.24
7.43
5.68
7.3
9.33
10.71
13.65
13.66
9.88
11.13
10.56
8.4
6.43
8.13
9.11
7.77
7.47
5.39
5.21
4.54
7.71
5.39
5.91
5.74
4.48
6.14
5.26
3.62
2.23
2.44
3.21
4.39
4.58
3.13
1.07
1.38
0.99
0.39
0.35
0.69

Treasury Constant Maturity 5-year

Treasury Constant Maturity 7-year

2.32
2.16
2.93
3.7
3.08
3.82
5.01
3.67
3.91
3.56
4.04
4.09
4.72
5
5.75
6.12
7.96
5.95

7.51
6.23

5.69
6.16
6.8
7.31
7.76
6.1
7.48
9.08
10.42
13.25
13.6
10.22
11.54
11.07
8.73
6.67
8.45
9.09
7.75
7.73
6.19
6.08
5.15
7.78
5.51
6.07
5.77
4.45
6.19
5.17
4.39
3.03
3.27
3.6
4.39
4.53
3.49
1.52
2.34
1.93
0.89
0.7
1.58

5.97
6.2
6.77
7.38
7.93
6.37
7.59
9.03
10.42
13
13.62
10.49
11.78
11.45
9.11
6.97
8.82
9.13
7.85
8
6.69
6.46
5.48
7.8
5.63
6.2
5.83
4.65
6.38
5.28
4.86
3.63
3.79
3.93
4.41
4.54
3.74
1.89
3.07
2.66
1.43
1.13
2.29