Title: Yield on High Grade Industrial Bonds, Aaa Rating for United States Series ID: M13026USM156NNBR Source: National Bureau of Economic Research Release: NBER Macrohistory Database (Not a Press Release) Seasonal Adjustment: Not Seasonally Adjusted Frequency: Monthly Units: Percent Date Range: 1900-01-01 to 1972-08-01 Last Updated: 2012-08-20 8:17 AM CDT Notes: From January 1900-December 1928, These Indexes Are Based Upon The Mean Of The Monthly High-Low Price Of Forty-Five High Grade Corporate Bonds. From January 1929-March 1937 The Indexes Have Been Based Upon A Varying Group Of Aaa Bonds, One Price Monthly (First Of Month) Being Used. Beginning April 1937 To Date The Average Is Of The Four Or Five Weekly Aaa Indexes. The Lack Of Data For August-November 1914 Is Due To The Stock Exchange Being Closed. Source: Standard And Poor'S, Data For 1900-1942: Security Price Index Record. Data For 1943-1972: Current Statistics Combined With Basic Statistics; Also Trade And Securities. This NBER data series m13026 appears on the NBER website in Chapter 13 at http://www.nber.org/databases/macrohistory/contents/chapter13.html. NBER Indicator: m13026 DATE VALUE 1900-01-01 4.83 1900-02-01 4.84 1900-03-01 4.84 1900-04-01 4.83 1900-05-01 4.89 1900-06-01 4.89 1900-07-01 4.87 1900-08-01 4.88 1900-09-01 4.90 1900-10-01 4.89 1900-11-01 4.86 1900-12-01 4.83 1901-01-01 4.83 1901-02-01 4.84 1901-03-01 4.83 1901-04-01 4.79 1901-05-01 4.78 1901-06-01 4.78 1901-07-01 4.73 1901-08-01 4.77 1901-09-01 4.76 1901-10-01 4.75 1901-11-01 4.75 1901-12-01 4.79 1902-01-01 4.71 1902-02-01 4.72 1902-03-01 4.75 1902-04-01 4.66 1902-05-01 4.69 1902-06-01 4.68 1902-07-01 4.65 1902-08-01 4.71 1902-09-01 4.71 1902-10-01 4.71 1902-11-01 4.75 1902-12-01 4.75 1903-01-01 4.77 1903-02-01 4.74 1903-03-01 4.77 1903-04-01 4.80 1903-05-01 4.79 1903-06-01 4.84 1903-07-01 4.86 1903-08-01 4.93 1903-09-01 4.97 1903-10-01 4.99 1903-11-01 5.10 1903-12-01 5.05 1904-01-01 5.03 1904-02-01 5.00 1904-03-01 4.99 1904-04-01 4.91 1904-05-01 4.94 1904-06-01 4.90 1904-07-01 4.88 1904-08-01 4.86 1904-09-01 4.83 1904-10-01 4.73 1904-11-01 4.71 1904-12-01 4.69 1905-01-01 4.58 1905-02-01 4.54 1905-03-01 4.55 1905-04-01 4.57 1905-05-01 4.56 1905-06-01 4.55 1905-07-01 4.53 1905-08-01 4.54 1905-09-01 4.51 1905-10-01 4.49 1905-11-01 4.50 1905-12-01 4.48 1906-01-01 4.49 1906-02-01 4.51 1906-03-01 4.54 1906-04-01 4.54 1906-05-01 4.55 1906-06-01 4.57 1906-07-01 4.60 1906-08-01 4.63 1906-09-01 4.62 1906-10-01 4.63 1906-11-01 4.64 1906-12-01 4.85 1907-01-01 4.67 1907-02-01 4.74 1907-03-01 4.72 1907-04-01 4.80 1907-05-01 4.84 1907-06-01 4.90 1907-07-01 4.94 1907-08-01 5.07 1907-09-01 5.11 1907-10-01 5.19 1907-11-01 5.41 1907-12-01 5.43 1908-01-01 5.31 1908-02-01 5.27 1908-03-01 5.32 1908-04-01 5.21 1908-05-01 5.14 1908-06-01 5.12 1908-07-01 5.06 1908-08-01 4.97 1908-09-01 4.94 1908-10-01 4.91 1908-11-01 4.84 1908-12-01 4.76 1909-01-01 4.76 1909-02-01 4.76 1909-03-01 4.82 1909-04-01 4.80 1909-05-01 4.78 1909-06-01 4.74 1909-07-01 4.74 1909-08-01 4.72 1909-09-01 4.74 1909-10-01 4.74 1909-11-01 4.75 1909-12-01 4.75 1910-01-01 4.76 1910-02-01 4.75 1910-03-01 4.75 1910-04-01 4.82 1910-05-01 4.88 1910-06-01 4.87 1910-07-01 4.88 1910-08-01 4.89 1910-09-01 4.90 1910-10-01 4.86 1910-11-01 4.83 1910-12-01 4.81 1911-01-01 4.77 1911-02-01 4.76 1911-03-01 4.75 1911-04-01 4.78 1911-05-01 4.73 1911-06-01 4.77 1911-07-01 4.75 1911-08-01 4.79 1911-09-01 4.82 1911-10-01 4.84 1911-11-01 4.83 1911-12-01 4.81 1912-01-01 4.82 1912-02-01 4.80 1912-03-01 4.81 1912-04-01 4.79 1912-05-01 4.80 1912-06-01 4.80 1912-07-01 4.78 1912-08-01 4.80 1912-09-01 4.75 1912-10-01 4.83 1912-11-01 4.88 1912-12-01 4.87 1913-01-01 4.86 1913-02-01 4.86 1913-03-01 4.89 1913-04-01 4.94 1913-05-01 4.98 1913-06-01 5.05 1913-07-01 5.03 1913-08-01 5.03 1913-09-01 5.01 1913-10-01 5.02 1913-11-01 5.07 1913-12-01 5.10 1914-01-01 4.98 1914-02-01 4.90 1914-03-01 4.89 1914-04-01 4.91 1914-05-01 4.92 1914-06-01 4.89 1914-07-01 4.94 1914-08-01 . 1914-09-01 . 1914-10-01 . 1914-11-01 . 1914-12-01 5.03 1915-01-01 5.02 1915-02-01 5.01 1915-03-01 5.03 1915-04-01 5.00 1915-05-01 5.00 1915-06-01 5.02 1915-07-01 4.99 1915-08-01 4.96 1915-09-01 4.96 1915-10-01 4.92 1915-11-01 4.86 1915-12-01 4.87 1916-01-01 4.86 1916-02-01 4.87 1916-03-01 4.88 1916-04-01 4.90 1916-05-01 4.90 1916-06-01 4.91 1916-07-01 4.92 1916-08-01 4.92 1916-09-01 4.88 1916-10-01 4.85 1916-11-01 4.86 1916-12-01 4.88 1917-01-01 4.86 1917-02-01 4.92 1917-03-01 4.90 1917-04-01 4.94 1917-05-01 4.99 1917-06-01 5.02 1917-07-01 5.03 1917-08-01 5.06 1917-09-01 5.18 1917-10-01 5.25 1917-11-01 5.39 1917-12-01 5.49 1918-01-01 5.48 1918-02-01 5.38 1918-03-01 5.42 1918-04-01 5.47 1918-05-01 5.41 1918-06-01 5.47 1918-07-01 5.47 1918-08-01 5.52 1918-09-01 5.54 1918-10-01 5.51 1918-11-01 5.37 1918-12-01 5.35 1919-01-01 5.38 1919-02-01 5.35 1919-03-01 5.34 1919-04-01 5.37 1919-05-01 5.33 1919-06-01 5.33 1919-07-01 5.31 1919-08-01 5.40 1919-09-01 5.43 1919-10-01 5.45 1919-11-01 5.50 1919-12-01 5.55 1920-01-01 5.55 1920-02-01 5.66 1920-03-01 5.73 1920-04-01 5.89 1920-05-01 6.08 1920-06-01 6.22 1920-07-01 6.24 1920-08-01 6.21 1920-09-01 6.15 1920-10-01 6.03 1920-11-01 6.09 1920-12-01 6.23 1921-01-01 6.11 1921-02-01 6.03 1921-03-01 6.06 1921-04-01 6.06 1921-05-01 6.01 1921-06-01 6.11 1921-07-01 6.09 1921-08-01 6.02 1921-09-01 5.97 1921-10-01 5.89 1921-11-01 5.67 1921-12-01 5.55 1922-01-01 5.43 1922-02-01 5.38 1922-03-01 5.33 1922-04-01 5.24 1922-05-01 5.22 1922-06-01 5.20 1922-07-01 5.14 1922-08-01 5.11 1922-09-01 5.05 1922-10-01 5.06 1922-11-01 5.16 1922-12-01 5.16 1923-01-01 5.15 1923-02-01 5.21 1923-03-01 5.28 1923-04-01 5.32 1923-05-01 5.28 1923-06-01 5.29 1923-07-01 5.30 1923-08-01 5.27 1923-09-01 5.25 1923-10-01 5.27 1923-11-01 5.25 1923-12-01 5.26 1924-01-01 5.25 1924-02-01 5.27 1924-03-01 5.29 1924-04-01 5.30 1924-05-01 5.27 1924-06-01 5.23 1924-07-01 5.19 1924-08-01 5.16 1924-09-01 5.17 1924-10-01 5.15 1924-11-01 5.14 1924-12-01 5.13 1925-01-01 5.14 1925-02-01 5.10 1925-03-01 5.12 1925-04-01 5.08 1925-05-01 5.03 1925-06-01 5.02 1925-07-01 5.05 1925-08-01 5.09 1925-09-01 5.06 1925-10-01 5.03 1925-11-01 5.02 1925-12-01 5.00 1926-01-01 4.95 1926-02-01 4.94 1926-03-01 4.94 1926-04-01 4.92 1926-05-01 4.90 1926-06-01 4.89 1926-07-01 4.92 1926-08-01 4.90 1926-09-01 4.91 1926-10-01 4.91 1926-11-01 4.87 1926-12-01 4.87 1927-01-01 4.87 1927-02-01 4.85 1927-03-01 4.84 1927-04-01 4.83 1927-05-01 4.83 1927-06-01 4.87 1927-07-01 4.86 1927-08-01 4.81 1927-09-01 4.80 1927-10-01 4.79 1927-11-01 4.79 1927-12-01 4.79 1928-01-01 4.76 1928-02-01 4.79 1928-03-01 4.77 1928-04-01 4.78 1928-05-01 4.81 1928-06-01 4.91 1928-07-01 4.95 1928-08-01 4.96 1928-09-01 4.95 1928-10-01 4.95 1928-11-01 4.93 1928-12-01 4.98 1929-01-01 4.98 1929-02-01 4.91 1929-03-01 4.98 1929-04-01 5.05 1929-05-01 5.02 1929-06-01 5.02 1929-07-01 5.05 1929-08-01 5.09 1929-09-01 5.08 1929-10-01 5.08 1929-11-01 5.08 1929-12-01 5.13 1930-01-01 5.01 1930-02-01 5.00 1930-03-01 5.01 1930-04-01 4.92 1930-05-01 4.87 1930-06-01 4.88 1930-07-01 4.88 1930-08-01 4.86 1930-09-01 4.75 1930-10-01 4.76 1930-11-01 4.75 1930-12-01 4.80 1931-01-01 4.91 1931-02-01 4.77 1931-03-01 4.77 1931-04-01 4.72 1931-05-01 4.71 1931-06-01 4.66 1931-07-01 4.63 1931-08-01 4.68 1931-09-01 4.75 1931-10-01 4.71 1931-11-01 5.00 1931-12-01 5.19 1932-01-01 5.36 1932-02-01 5.48 1932-03-01 5.63 1932-04-01 5.29 1932-05-01 5.60 1932-06-01 5.68 1932-07-01 5.93 1932-08-01 5.97 1932-09-01 5.66 1932-10-01 5.35 1932-11-01 5.57 1932-12-01 5.41 1933-01-01 5.30 1933-02-01 5.05 1933-03-01 5.26 1933-04-01 5.29 1933-05-01 5.62 1933-06-01 5.04 1933-07-01 4.80 1933-08-01 4.72 1933-09-01 4.73 1933-10-01 4.70 1933-11-01 4.53 1933-12-01 4.68 1934-01-01 4.59 1934-02-01 4.56 1934-03-01 4.43 1934-04-01 4.35 1934-05-01 4.26 1934-06-01 4.26 1934-07-01 4.18 1934-08-01 4.16 1934-09-01 4.15 1934-10-01 4.21 1934-11-01 4.16 1934-12-01 4.04 1935-01-01 4.00 1935-02-01 3.89 1935-03-01 3.82 1935-04-01 3.84 1935-05-01 3.82 1935-06-01 3.78 1935-07-01 3.74 1935-08-01 3.59 1935-09-01 3.66 1935-10-01 3.57 1935-11-01 3.48 1935-12-01 3.54 1936-01-01 3.44 1936-02-01 3.40 1936-03-01 3.40 1936-04-01 3.36 1936-05-01 3.39 1936-06-01 3.39 1936-07-01 3.34 1936-08-01 3.32 1936-09-01 3.30 1936-10-01 3.29 1936-11-01 3.27 1936-12-01 3.19 1937-01-01 3.19 1937-02-01 3.15 1937-03-01 3.23 1937-04-01 3.33 1937-05-01 3.22 1937-06-01 3.14 1937-07-01 3.14 1937-08-01 3.09 1937-09-01 3.17 1937-10-01 3.12 1937-11-01 3.07 1937-12-01 3.03 1938-01-01 2.90 1938-02-01 2.93 1938-03-01 2.93 1938-04-01 2.97 1938-05-01 2.87 1938-06-01 2.87 1938-07-01 2.81 1938-08-01 2.76 1938-09-01 2.79 1938-10-01 2.72 1938-11-01 2.66 1938-12-01 2.64 1939-01-01 2.53 1939-02-01 2.53 1939-03-01 2.54 1939-04-01 2.59 1939-05-01 2.58 1939-06-01 2.63 1939-07-01 2.59 1939-08-01 2.59 1939-09-01 2.97 1939-10-01 2.87 1939-11-01 2.65 1939-12-01 2.59 1940-01-01 2.51 1940-02-01 2.52 1940-03-01 2.58 1940-04-01 2.55 1940-05-01 2.65 1940-06-01 2.61 1940-07-01 2.58 1940-08-01 2.59 1940-09-01 2.66 1940-10-01 2.57 1940-11-01 2.52 1940-12-01 2.50 1941-01-01 2.50 1941-02-01 2.55 1941-03-01 2.61 1941-04-01 2.68 1941-05-01 2.58 1941-06-01 2.53 1941-07-01 2.50 1941-08-01 2.45 1941-09-01 2.41 1941-10-01 2.36 1941-11-01 2.33 1941-12-01 2.51 1942-01-01 2.53 1942-02-01 2.50 1942-03-01 2.54 1942-04-01 2.51 1942-05-01 2.55 1942-06-01 2.55 1942-07-01 2.52 1942-08-01 2.53 1942-09-01 2.54 1942-10-01 2.53 1942-11-01 2.56 1942-12-01 2.58 1943-01-01 2.55 1943-02-01 2.55 1943-03-01 2.56 1943-04-01 2.57 1943-05-01 2.55 1943-06-01 2.53 1943-07-01 2.49 1943-08-01 2.51 1943-09-01 2.53 1943-10-01 2.53 1943-11-01 2.57 1943-12-01 2.60 1944-01-01 2.54 1944-02-01 2.58 1944-03-01 2.59 1944-04-01 2.57 1944-05-01 2.56 1944-06-01 2.59 1944-07-01 2.58 1944-08-01 2.57 1944-09-01 2.59 1944-10-01 2.60 1944-11-01 2.59 1944-12-01 2.58 1945-01-01 2.57 1945-02-01 2.49 1945-03-01 2.46 1945-04-01 2.49 1945-05-01 2.50 1945-06-01 2.52 1945-07-01 2.51 1945-08-01 2.50 1945-09-01 2.50 1945-10-01 2.47 1945-11-01 2.47 1945-12-01 2.47 1946-01-01 2.40 1946-02-01 2.36 1946-03-01 2.36 1946-04-01 2.39 1946-05-01 2.42 1946-06-01 2.40 1946-07-01 2.44 1946-08-01 2.46 1946-09-01 2.52 1946-10-01 2.53 1946-11-01 2.52 1946-12-01 2.52 1947-01-01 2.49 1947-02-01 2.47 1947-03-01 2.46 1947-04-01 2.45 1947-05-01 2.45 1947-06-01 2.48 1947-07-01 2.48 1947-08-01 2.46 1947-09-01 2.50 1947-10-01 2.59 1947-11-01 2.69 1947-12-01 2.77 1948-01-01 2.72 1948-02-01 2.72 1948-03-01 2.70 1948-04-01 2.67 1948-05-01 2.66 1948-06-01 2.68 1948-07-01 2.70 1948-08-01 2.74 1948-09-01 2.74 1948-10-01 2.74 1948-11-01 2.72 1948-12-01 2.65 1949-01-01 2.58 1949-02-01 2.58 1949-03-01 2.59 1949-04-01 2.57 1949-05-01 2.57 1949-06-01 2.57 1949-07-01 2.53 1949-08-01 2.49 1949-09-01 2.45 1949-10-01 2.47 1949-11-01 2.46 1949-12-01 2.44 1950-01-01 2.42 1950-02-01 2.43 1950-03-01 2.43 1950-04-01 2.44 1950-05-01 2.46 1950-06-01 2.47 1950-07-01 2.50 1950-08-01 2.50 1950-09-01 2.50 1950-10-01 2.54 1950-11-01 2.54 1950-12-01 2.54 1951-01-01 2.53 1951-02-01 2.54 1951-03-01 2.66 1951-04-01 2.72 1951-05-01 2.71 1951-06-01 2.77 1951-07-01 2.80 1951-08-01 2.76 1951-09-01 2.69 1951-10-01 2.76 1951-11-01 2.85 1951-12-01 2.88 1952-01-01 2.86 1952-02-01 2.79 1952-03-01 2.85 1952-04-01 2.83 1952-05-01 2.85 1952-06-01 2.86 1952-07-01 2.85 1952-08-01 2.88 1952-09-01 2.89 1952-10-01 2.97 1952-11-01 2.92 1952-12-01 2.92 1953-01-01 2.95 1953-02-01 2.97 1953-03-01 2.99 1953-04-01 3.07 1953-05-01 3.21 1953-06-01 3.32 1953-07-01 3.16 1953-08-01 3.09 1953-09-01 3.12 1953-10-01 3.05 1953-11-01 3.01 1953-12-01 3.00 1954-01-01 2.92 1954-02-01 2.76 1954-03-01 2.68 1954-04-01 2.68 1954-05-01 2.72 1954-06-01 2.77 1954-07-01 2.72 1954-08-01 2.70 1954-09-01 2.70 1954-10-01 2.70 1954-11-01 2.72 1954-12-01 2.78 1955-01-01 2.80 1955-02-01 2.86 1955-03-01 2.89 1955-04-01 2.89 1955-05-01 2.94 1955-06-01 2.97 1955-07-01 2.96 1955-08-01 3.06 1955-09-01 3.08 1955-10-01 3.06 1955-11-01 3.04 1955-12-01 3.11 1956-01-01 3.05 1956-02-01 3.04 1956-03-01 3.09 1956-04-01 3.22 1956-05-01 3.23 1956-06-01 3.22 1956-07-01 3.23 1956-08-01 3.38 1956-09-01 3.55 1956-10-01 3.57 1956-11-01 3.69 1956-12-01 3.77 1957-01-01 3.76 1957-02-01 3.60 1957-03-01 3.62 1957-04-01 3.60 1957-05-01 3.66 1957-06-01 3.87 1957-07-01 3.90 1957-08-01 4.00 1957-09-01 3.99 1957-10-01 3.97 1957-11-01 3.99 1957-12-01 3.64 1958-01-01 3.45 1958-02-01 3.48 1958-03-01 3.51 1958-04-01 3.48 1958-05-01 3.44 1958-06-01 3.43 1958-07-01 3.53 1958-08-01 3.70 1958-09-01 3.98 1958-10-01 3.96 1958-11-01 3.94 1958-12-01 3.94 1959-01-01 4.01 1959-02-01 4.02 1959-03-01 4.00 1959-04-01 4.08 1959-05-01 4.27 1959-06-01 4.35 1959-07-01 4.34 1959-08-01 4.27 1959-09-01 4.43 1959-10-01 4.40 1959-11-01 4.41 1959-12-01 4.45 1960-01-01 4.46 1960-02-01 4.42 1960-03-01 4.34 1960-04-01 4.28 1960-05-01 4.29 1960-06-01 4.30 1960-07-01 4.25 1960-08-01 4.10 1960-09-01 4.09 1960-10-01 4.15 1960-11-01 4.18 1960-12-01 4.23 1961-01-01 4.16 1961-02-01 4.12 1961-03-01 4.07 1961-04-01 4.13 1961-05-01 4.16 1961-06-01 4.23 1961-07-01 4.26 1961-08-01 4.29 1961-09-01 4.26 1961-10-01 4.25 1961-11-01 4.24 1961-12-01 4.28 1962-01-01 4.27 1962-02-01 4.30 1962-03-01 4.24 1962-04-01 4.18 1962-05-01 4.12 1962-06-01 4.16 1962-07-01 4.19 1962-08-01 4.22 1962-09-01 4.18 1962-10-01 4.09 1962-11-01 4.09 1962-12-01 4.09 1963-01-01 4.06 1963-02-01 4.02 1963-03-01 4.02 1963-04-01 4.05 1963-05-01 4.08 1963-06-01 4.09 1963-07-01 4.15 1963-08-01 4.17 1963-09-01 4.22 1963-10-01 4.20 1963-11-01 4.20 1963-12-01 4.24 1964-01-01 4.24 1964-02-01 4.20 1964-03-01 4.24 1964-04-01 4.30 1964-05-01 4.30 1964-06-01 4.28 1964-07-01 4.26 1964-08-01 4.25 1964-09-01 4.26 1964-10-01 4.28 1964-11-01 4.26 1964-12-01 4.27 1965-01-01 4.25 1965-02-01 4.25 1965-03-01 4.26 1965-04-01 4.28 1965-05-01 4.31 1965-06-01 4.34 1965-07-01 4.35 1965-08-01 4.37 1965-09-01 4.49 1965-10-01 4.52 1965-11-01 4.56 1965-12-01 4.65 1966-01-01 4.68 1966-02-01 4.79 1966-03-01 4.92 1966-04-01 4.92 1966-05-01 4.94 1966-06-01 5.00 1966-07-01 5.12 1966-08-01 5.30 1966-09-01 5.42 1966-10-01 5.31 1966-11-01 5.30 1966-12-01 5.34 1967-01-01 5.03 1967-02-01 4.98 1967-03-01 5.07 1967-04-01 5.11 1967-05-01 5.27 1967-06-01 5.43 1967-07-01 5.55 1967-08-01 5.60 1967-09-01 5.65 1967-10-01 5.76 1967-11-01 6.01 1967-12-01 6.13 1968-01-01 6.00 1968-02-01 5.98 1968-03-01 6.09 1968-04-01 6.13 1968-05-01 6.18 1968-06-01 6.17 1968-07-01 6.14 1968-08-01 5.96 1968-09-01 5.99 1968-10-01 6.11 1968-11-01 6.24 1968-12-01 6.46 1969-01-01 6.45 1969-02-01 6.53 1969-03-01 6.73 1969-04-01 6.70 1969-05-01 6.70 1969-06-01 6.91 1969-07-01 7.01 1969-08-01 7.01 1969-09-01 7.10 1969-10-01 7.16 1969-11-01 7.24 1969-12-01 7.53 1970-01-01 7.68 1970-02-01 7.63 1970-03-01 7.68 1970-04-01 7.60 1970-05-01 7.83 1970-06-01 8.12 1970-07-01 8.07 1970-08-01 8.02 1970-09-01 7.87 1970-10-01 7.79 1970-11-01 7.68 1970-12-01 7.19 1971-01-01 6.95 1971-02-01 6.89 1971-03-01 7.00 1971-04-01 7.18 1971-05-01 7.39 1971-06-01 7.38 1971-07-01 7.40 1971-08-01 7.36 1971-09-01 7.25 1971-10-01 7.12 1971-11-01 7.02 1971-12-01 7.02 1972-01-01 6.94 1972-02-01 6.97 1972-03-01 6.98 1972-04-01 7.18 1972-05-01 7.13 1972-06-01 7.10 1972-07-01 7.17 1972-08-01 7.13