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.