Yardeni Research, Inc. Global Interest Rates, (daily) (Source: Global Insight) 1. United States: Three-Month T-bill 2. United Kingdom: 3-Month Eurocurrency Rate 3. Canada: 3-Month Eurocurrency Rate 4. Germany: 3-Month Eurocurrency Rate 5. Japan: 3-Month Eurocurrency Rate 6. France: 3-Month T-Bill 7. untitled 8. United States: 3-Year Governoment Bond Yield 9. United Kingdom: Long-Term Governoment Bond Yield 1. Canada: Long-Term Governoment Bond Yield 11. Germany: Long-Term Governoment Bond Yield 12. Japan: Long-Term Governoment Bond Yield 13. France: Long-Term Governoment Bond Yield 14. Italy: Long-Term Governoment Bond Yield continued...
15. U.S. T-Bill Rate Minus Canadian Eurorate 16. U.S. T-Bill Rate Minus UK Eurorate 17. U.S. T-Bill Rate Minus German Eurorate 18. U.S. T-Bill Rate Minus Japanese Eurorate 19. U.S. T-Bill Rate Minus French Eurorate 2. untitled 21. U.S. Government Bond Yield Minus Canadian Bond Yield 22. U.S. Government Bond Yield Minus UK Bond Yield 23. U.S. Government Bond Yield Minus German Bond Yield 24. U.S. Government Bond Yield Minus Japanese Bond Yield 25. U.S. Government Bond Yield Minus French Bond Yield 26. U.S. Government Bond Yield Minus Italian Bond Yield 27. United States: Yield Curve 28. Canada: Yield Curve 29. United Kingdom: Yield Curve 3. Germany: Yield Curve 31. Japan: Yield Curve 32. France: Yield Curve 33. untitled Copyright Yardeni Research, Inc. 212. All rights reserved. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any opinions expressed are subject to change without notice. Additional Information Available on Request. Doc: SHDGR_C Assembled Wednesday, 3/14/212 5:1 PM
7. 6. 5. 4. 3. 2.5 2. 1.5 1..5 UNITED STATES: THREE-MONTH T-BILL RATE (percent) 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 7. 6. 5. 4. 3. 2.5 2. 1.5 1..5
8.5 8. UNITED KINGDOM: THREE-MONTH EURORATE (percent) 8.5 8. 7.5 7.5 7. 7. 6. 6. 5. 5. 4. 4. 3. 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 3.
9.5 9. 8.5 8. 7.5 7. 6. 5. 4. 3. 2.5 2. 1.5 CANADA: THREE-MONTH EURORATE (percent) 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 9.5 9. 8.5 8. 7.5 7. 6. 5. 4. 3. 2.5 2. 1.5
7. 6. 5. 4. 3. 2.5 2. 1.5 1. GERMANY: THREE-MONTH EURORATE (percent) 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 7. 6. 5. 4. 3. 2.5 2. 1.5 1.
3. JAPAN: THREE-MONTH EURORATE (percent) 3. 2.5 2.5 2. 2. 1.5 1.5 1. 1..5.5.. -.5 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 -.5
1. 9.5 9. 8.5 8. 7.5 7. 6. 5. 4. 3. 2.5 2. 1.5 1. FRANCE: 3-MONTH TREASURY BILL 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 1. 9.5 9. 8.5 8. 7.5 7. 6. 5. 4. 3. 2.5 2. 1.5 1.
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8.5 8. UNITED STATES: 3-YEAR GOVERNMENT BOND YIELD (percent) 8.5 8. 7.5 7.5 7. 7. 6. 6. 5. 5. 4. 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 4.
1.5 1. 9.5 9. 8.5 8. 7.5 7. 6. 5. 4. UNITED KINGDOM: LONG-TERM GOVERNMENT BOND YIELD (percent) 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 1.5 1. 9.5 9. 8.5 8. 7.5 7. 6. 5. 4.
1.5 1. 9.5 9. 8.5 8. 7.5 7. 6. 5. 4. CANADA: LONG-TERM GOVERNMENT BOND YIELD (percent) 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 1.5 1. 9.5 9. 8.5 8. 7.5 7. 6. 5. 4.
8.5 8. GERMANY: LONG-TERM GOVERNMENT BOND YIELD (9-1 Year) (percent) 8.5 8. 7.5 7.5 7. 7. 6. 6. 5. 5. 4. 12/28 4. 3. 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 3.
5. JAPAN: LONG-TERM GOVERNMENT BOND YIELD 5. 4. 4. 3. 3. 2.5 2.5 2. 2. 1.5 12/28 1.5 1. 1..5. 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27.5.
9 FRANCE: LONG-TERM GOVERNMENT BOND YIELD (5-YEAR) 9 8 8 7 7 6 6 5 5 4 4 3 3 2 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 2
16 ITALY: LONG-TERM GOVERNMENT BOND YIELD 16 14 14 12 12 1 1 8 8 6 6 4 4 2 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 2
3 25 2 15 1 5-5 -1-15 -2-25 -3 3-MONTH U.S. T-BILL RATE MINUS CANADIAN 3-MONTH EURORATE (basis points) 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 3 25 2 15 1 5-5 -1-15 -2-25 -3
5 3-MONTH U.S. T-BILL RATE MINUS UK 3-MONTH EURORATE (basis points) 5-5 -5-1 -1-15 -15-2 -2-25 -25-3 -3-35 -35-4 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27-4
3 25 2 15 1 5-5 -1-15 -2-25 -3 3-MONTH U.S. T-BILL RATE MINUS GERMAN 3-MONTH EURORATE (basis points) 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 3 25 2 15 1 5-5 -1-15 -2-25 -3
7 65 6 55 5 45 4 35 3 25 2 15 1 5 3-MONTH U.S. T-BILL RATE MINUS JAPANESE 3-MONTH EURORATE (basis points) 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 7 65 6 55 5 45 4 35 3 25 2 15 1 5
3 2 3-MONTH U.S. T-BILL RATE MINUS FRENCH GOVERNMENT MATURITY: CONSTANT MATURITY 3-MONTH YIELD (basis points) 3 2 1 1-1 -1-2 -2-3 -3-4 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27-4
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1 5 1-YEAR GOVERNMENT BOND YIELD MINUS CANADIAN GOVERNMENT BOND YIELD (basis points) 1 5-5 -5-1 -1-15 -15-2 -2-25 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27-25
15 1 1-YEAR GOVERNMENT BOND YIELD MINUS UK GOVERNMENT BOND YIELD (basis points) 15 1 5 5-5 -5-1 -1-15 -15-2 -2-25 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27-25
2 1-YEAR GOVERNMENT BOND YIELD MINUS GERMAN GOVERNMENT BOND YIELD (basis points) 2 15 15 1 1 5 5-5 -5-1 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27-1
6 55 1-YEAR GOVERNMENT BOND YIELD MINUS JAPANESE GOVERNMENT BOND YIELD (basis points) 6 55 5 5 45 45 4 4 35 35 3 25 3 12/28 25 2 2 15 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 15
3 25 5-YEAR GOVERNMENT BOND YIELD MINUS FRENCH GOVERNMENT BOND YIELD (5-Year) (basis points) 3 25 2 2 15 15 1 1 5 5-5 -5-1 -1-15 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27-15
2 1-YEAR GOVERNMENT BOND YIELD MINUS ITALIAN GOVERNMENT BOND YIELD (basis points) 2-2 -2-4 -4-6 -6-8 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27-8
425 375 U.S.: YIELD CURVE* (basis points) 425 375 325 325 275 275 225 225 175 175 125 125 75 75 25 25-25 -75 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27-25 -75 * 1-year government bond yield minus 3-month T-bill rate.
5 4 CANADA: YIELD CURVE* (basis points) 5 4 3 3 2 2 1 1-1 -1-2 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21-2 * Government bond yield minus 3-month eurorate.
45 4 35 3 25 2 15 1 5-5 -1-15 -2-25 -3 UK: YIELD CURVE* (basis points) 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 45 4 35 3 25 2 15 1 5-5 -1-15 -2-25 -3 * Government bond yield minus 3-month eurorate.
4 35 GERMANY: YIELD CURVE* (basis points) 4 35 3 3 25 25 2 2 15 15 1 1 5 5-5 -5-1 -15 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21-1 -15 * Government bond yield minus 3-month eurorate.
35 3 JAPAN: YIELD CURVE* (basis points) 35 3 25 25 2 2 15 15 1 1 5 12/28 5 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 * Government bond yield minus 3-month eurorate.
3 FRANCE: YIELD CURVE* (basis points) 3 2 2 1 1-1 -1-2 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27-2 * Government bond yield minus 3-month eurorate.
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