U.S. 30-Year Bond Index

Construction of the Graph

The following analysis begins on 09/24/84, the earliest date for which the author has data. The yields have been scaled by a factor of 10. A value of 75 should therefore be interpreted as 7.50%. The analysis below is based on a conjecture about the bond yields prior to the above date. The conjecture is based on the belief that there is a strong correlation between the
CRB index and the 30-year bond yields.