Finance and Economics Discussion Series: Accessible versions of figures for 2017-052

Take it to the Limit: The Debt Ceiling and Treasury Yields

Accessible version of figures

Figure 1: Daily Debt Ceiling Argicle Frequency in U.S. Newspapers

Date DebtCeilingFraction
1-Jan-11 0.0005
2-Jan-11 0.0020
3-Jan-11 0.0015
4-Jan-11 0.0014
5-Jan-11 0.0010
6-Jan-11 0.0008
7-Jan-11 0.0010
8-Jan-11 0.0010
9-Jan-11 0.0012
10-Jan-11 0.0013
11-Jan-11 0.0005
12-Jan-11 0.0005
13-Jan-11 0.0007
14-Jan-11 0.0007
15-Jan-11 0.0004
16-Jan-11 0.0013
17-Jan-11 0.0009
18-Jan-11 0.0006
19-Jan-11 0.0003
20-Jan-11 0.0003
21-Jan-11 0.0005
22-Jan-11 0.0004
23-Jan-11 0.0004
24-Jan-11 0.0005
25-Jan-11 0.0004
26-Jan-11 0.0003
27-Jan-11 0.0010
28-Jan-11 0.0009
29-Jan-11 0.0002
30-Jan-11 0.0006
31-Jan-11 0.0013
1-Feb-11 0.0007
2-Feb-11 0.0005
3-Feb-11 0.0002
4-Feb-11 0.0007
5-Feb-11 0.0005
6-Feb-11 0.0003
7-Feb-11 0.0003
8-Feb-11 0.0007
9-Feb-11 0.0007
10-Feb-11 0.0005
11-Feb-11 0.0006
12-Feb-11 0.0004
13-Feb-11 0.0006
14-Feb-11 0.0005
15-Feb-11 0.0003
16-Feb-11 0.0002
17-Feb-11 0.0002
18-Feb-11 0.0005
19-Feb-11 0.0004
20-Feb-11 0.0009
21-Feb-11 0.0004
22-Feb-11 0.0003
23-Feb-11 0.0003
24-Feb-11 0.0001
25-Feb-11 0.0002
26-Feb-11 0.0001
27-Feb-11 0.0003
28-Feb-11 0.0004
1-Mar-11 0.0006
2-Mar-11 0.0003
3-Mar-11 0.0003
4-Mar-11 0.0002
5-Mar-11 0.0003
6-Mar-11 0.0004
7-Mar-11 0.0003
8-Mar-11 0.0006
9-Mar-11 0.0002
10-Mar-11 0.0001
11-Mar-11 0.0002
12-Mar-11 0.0005
13-Mar-11 0.0001
14-Mar-11 0.0002
15-Mar-11 0.0002
16-Mar-11 0.0005
17-Mar-11 0.0002
18-Mar-11 0.0001
19-Mar-11 0.0002
20-Mar-11 0.0001
21-Mar-11 0.0002
22-Mar-11 0.0002
23-Mar-11 0.0001
24-Mar-11 0.0002
25-Mar-11 0.0003
26-Mar-11 0.0002
27-Mar-11 0.0004
28-Mar-11 0.0005
29-Mar-11 0.0002
30-Mar-11 0.0002
31-Mar-11 0.0001
1-Apr-11 0.0002
2-Apr-11 0.0001
3-Apr-11 0.0004
4-Apr-11 0.0007
5-Apr-11 0.0005
6-Apr-11 0.0003
7-Apr-11 0.0004
8-Apr-11 0.0006
9-Apr-11 0.0007
10-Apr-11 0.0020
11-Apr-11 0.0026
12-Apr-11 0.0028
13-Apr-11 0.0017
14-Apr-11 0.0020
15-Apr-11 0.0021
16-Apr-11 0.0028
17-Apr-11 0.0021
18-Apr-11 0.0046
19-Apr-11 0.0042
20-Apr-11 0.0020
21-Apr-11 0.0015
22-Apr-11 0.0011
23-Apr-11 0.0012
24-Apr-11 0.0022
25-Apr-11 0.0018
26-Apr-11 0.0017
27-Apr-11 0.0019
28-Apr-11 0.0012
29-Apr-11 0.0017
30-Apr-11 0.0017
1-May-11 0.0021
2-May-11 0.0020
3-May-11 0.0009
4-May-11 0.0006
5-May-11 0.0010
6-May-11 0.0009
7-May-11 0.0008
8-May-11 0.0008
9-May-11 0.0016
10-May-11 0.0023
11-May-11 0.0018
12-May-11 0.0010
13-May-11 0.0021
14-May-11 0.0018
15-May-11 0.0014
16-May-11 0.0028
17-May-11 0.0048
18-May-11 0.0025
19-May-11 0.0020
20-May-11 0.0026
21-May-11 0.0019
22-May-11 0.0024
23-May-11 0.0022
24-May-11 0.0015
25-May-11 0.0010
26-May-11 0.0009
27-May-11 0.0012
28-May-11 0.0009
29-May-11 0.0016
30-May-11 0.0016
31-May-11 0.0021
1-Jun-11 0.0021
2-Jun-11 0.0018
3-Jun-11 0.0029
4-Jun-11 0.0025
5-Jun-11 0.0033
6-Jun-11 0.0023
7-Jun-11 0.0023
8-Jun-11 0.0012
9-Jun-11 0.0014
10-Jun-11 0.0028
11-Jun-11 0.0014
12-Jun-11 0.0028
13-Jun-11 0.0026
14-Jun-11 0.0024
15-Jun-11 0.0019
16-Jun-11 0.0013
17-Jun-11 0.0010
18-Jun-11 0.0020
19-Jun-11 0.0023
20-Jun-11 0.0019
21-Jun-11 0.0015
22-Jun-11 0.0012
23-Jun-11 0.0012
24-Jun-11 0.0017
25-Jun-11 0.0028
26-Jun-11 0.0024
27-Jun-11 0.0019
28-Jun-11 0.0041
29-Jun-11 0.0028
30-Jun-11 0.0026
1-Jul-11 0.0038
2-Jul-11 0.0046
3-Jul-11 0.0040
4-Jul-11 0.0049
5-Jul-11 0.0061
6-Jul-11 0.0042
7-Jul-11 0.0053
8-Jul-11 0.0075
9-Jul-11 0.0074
10-Jul-11 0.0097
11-Jul-11 0.0083
12-Jul-11 0.0095
13-Jul-11 0.0084
14-Jul-11 0.0091
15-Jul-11 0.0111
16-Jul-11 0.0149
17-Jul-11 0.0164
18-Jul-11 0.0156
19-Jul-11 0.0151
20-Jul-11 0.0130
21-Jul-11 0.0115
22-Jul-11 0.0124
23-Jul-11 0.0143
24-Jul-11 0.0149
25-Jul-11 0.0158
26-Jul-11 0.0207
27-Jul-11 0.0229
28-Jul-11 0.0198
29-Jul-11 0.0246
30-Jul-11 0.0293
31-Jul-11 0.0248
1-Aug-11 0.0286
2-Aug-11 0.0362
3-Aug-11 0.0280
4-Aug-11 0.0176
5-Aug-11 0.0210
6-Aug-11 0.0196
7-Aug-11 0.0246
8-Aug-11 0.0208
9-Aug-11 0.0222
10-Aug-11 0.0165
11-Aug-11 0.0135
12-Aug-11 0.0142
13-Aug-11 0.0138
14-Aug-11 0.0159
15-Aug-11 0.0145
16-Aug-11 0.0109
17-Aug-11 0.0080
18-Aug-11 0.0074
19-Aug-11 0.0067
20-Aug-11 0.0077
21-Aug-11 0.0088
22-Aug-11 0.0062
23-Aug-11 0.0047
24-Aug-11 0.0038
25-Aug-11 0.0042
26-Aug-11 0.0031
27-Aug-11 0.0043
28-Aug-11 0.0047
29-Aug-11 0.0047
30-Aug-11 0.0039
31-Aug-11 0.0038
1-Sep-11 0.0036
2-Sep-11 0.0047
3-Sep-11 0.0068
4-Sep-11 0.0051
5-Sep-11 0.0060
6-Sep-11 0.0063
7-Sep-11 0.0035
8-Sep-11 0.0028
9-Sep-11 0.0030
10-Sep-11 0.0026
11-Sep-11 0.0013
12-Sep-11 0.0023
13-Sep-11 0.0044
14-Sep-11 0.0023
15-Sep-11 0.0028
16-Sep-11 0.0022
17-Sep-11 0.0025
18-Sep-11 0.0040
19-Sep-11 0.0035
20-Sep-11 0.0031
21-Sep-11 0.0016
22-Sep-11 0.0014
23-Sep-11 0.0016
24-Sep-11 0.0028
25-Sep-11 0.0023
26-Sep-11 0.0025
27-Sep-11 0.0015
28-Sep-11 0.0013
29-Sep-11 0.0009
30-Sep-11 0.0013
1-Oct-11 0.0008
2-Oct-11 0.0015
3-Oct-11 0.0010
4-Oct-11 0.0011
5-Oct-11 0.0011
6-Oct-11 0.0007
7-Oct-11 0.0008
8-Oct-11 0.0008
9-Oct-11 0.0008
10-Oct-11 0.0012
11-Oct-11 0.0010
12-Oct-11 0.0007
13-Oct-11 0.0008
14-Oct-11 0.0010
15-Oct-11 0.0005
16-Oct-11 0.0014
17-Oct-11 0.0012
18-Oct-11 0.0007
19-Oct-11 0.0005
20-Oct-11 0.0008
21-Oct-11 0.0004
22-Oct-11 0.0004
23-Oct-11 0.0006
24-Oct-11 0.0004
25-Oct-11 0.0011
26-Oct-11 0.0004
27-Oct-11 0.0005
28-Oct-11 0.0004
29-Oct-11 0.0006
30-Oct-11 0.0007
31-Oct-11 0.0007
1-Nov-11 0.0006
2-Nov-11 0.0005
3-Nov-11 0.0003
4-Nov-11 0.0005
5-Nov-11 0.0021
6-Nov-11 0.0015
7-Nov-11 0.0006
8-Nov-11 0.0012
9-Nov-11 0.0008
10-Nov-11 0.0004
11-Nov-11 0.0008
12-Nov-11 0.0009
13-Nov-11 0.0010
14-Nov-11 0.0008
15-Nov-11 0.0007
16-Nov-11 0.0008
17-Nov-11 0.0020
18-Nov-11 0.0027
19-Nov-11 0.0024
20-Nov-11 0.0020
21-Nov-11 0.0036
22-Nov-11 0.0023
23-Nov-11 0.0014
24-Nov-11 0.0012
25-Nov-11 0.0016
26-Nov-11 0.0018
27-Nov-11 0.0023
28-Nov-11 0.0012
29-Nov-11 0.0009
30-Nov-11 0.0007
1-Dec-11 0.0006
2-Dec-11 0.0006
3-Dec-11 0.0006
4-Dec-11 0.0006
5-Dec-11 0.0006
6-Dec-11 0.0002
7-Dec-11 0.0004
8-Dec-11 0.0004
9-Dec-11 0.0003
10-Dec-11 0.0011
11-Dec-11 0.0010
12-Dec-11 0.0005
13-Dec-11 0.0004
14-Dec-11 0.0004
15-Dec-11 0.0008
16-Dec-11 0.0005
17-Dec-11 0.0006
18-Dec-11 0.0012
19-Dec-11 0.0005
20-Dec-11 0.0006
21-Dec-11 0.0012
22-Dec-11 0.0007
23-Dec-11 0.0010
24-Dec-11 0.0008
25-Dec-11 0.0012
26-Dec-11 0.0011
27-Dec-11 0.0014
28-Dec-11 0.0011
29-Dec-11 0.0012
30-Dec-11 0.0015
31-Dec-11 0.0026
1-Jan-12 0.0033
2-Jan-12 0.0019
3-Jan-12 0.0017
4-Jan-12 0.0008
5-Jan-12 0.0007
6-Jan-12 0.0009
7-Jan-12 0.0018
8-Jan-12 0.0015
9-Jan-12 0.0009
10-Jan-12 0.0013
11-Jan-12 0.0007
12-Jan-12 0.0005
13-Jan-12 0.0006
14-Jan-12 0.0010
15-Jan-12 0.0008
16-Jan-12 0.0005
17-Jan-12 0.0007
18-Jan-12 0.0008
19-Jan-12 0.0009
20-Jan-12 0.0008
21-Jan-12 0.0014
22-Jan-12 0.0016
23-Jan-12 0.0013
24-Jan-12 0.0008
25-Jan-12 0.0012
26-Jan-12 0.0005
27-Jan-12 0.0007
28-Jan-12 0.0004
29-Jan-12 0.0018
30-Jan-12 0.0006
31-Jan-12 0.0007
1-Feb-12 0.0008
2-Feb-12 0.0003
3-Feb-12 0.0005
4-Feb-12 0.0002
5-Feb-12 0.0005
6-Feb-12 0.0004
7-Feb-12 0.0006
8-Feb-12 0.0003
9-Feb-12 0.0003
10-Feb-12 0.0004
11-Feb-12 0.0003
12-Feb-12 0.0005
13-Feb-12 0.0006
14-Feb-12 0.0007
15-Feb-12 0.0005
16-Feb-12 0.0005
17-Feb-12 0.0005
18-Feb-12 0.0006
19-Feb-12 0.0008
20-Feb-12 0.0012
21-Feb-12 0.0008
22-Feb-12 0.0005
23-Feb-12 0.0006
24-Feb-12 0.0003
25-Feb-12 0.0004
26-Feb-12 0.0006
27-Feb-12 0.0006
28-Feb-12 0.0005
1-Mar-12 0.0004
2-Mar-12 0.0005
3-Mar-12 0.0001
4-Mar-12 0.0003
5-Mar-12 0.0006
6-Mar-12 0.0005
7-Mar-12 0.0011
8-Mar-12 0.0001
9-Mar-12 0.0005
10-Mar-12 0.0007
11-Mar-12 0.0011
12-Mar-12 0.0004
13-Mar-12 0.0005
14-Mar-12 0.0005
15-Mar-12 0.0006
16-Mar-12 0.0004
17-Mar-12 0.0003
18-Mar-12 0.0006
19-Mar-12 0.0003
20-Mar-12 0.0005
21-Mar-12 0.0008
22-Mar-12 0.0003
23-Mar-12 0.0002
24-Mar-12 0.0003
25-Mar-12 0.0004
26-Mar-12 0.0004
27-Mar-12 0.0001
28-Mar-12 0.0002
29-Mar-12 0.0003
30-Mar-12 0.0004
31-Mar-12 0.0002
1-Apr-12 0.0005
2-Apr-12 0.0003
3-Apr-12 0.0003
4-Apr-12 0.0003
5-Apr-12 0.0002
6-Apr-12 0.0003
7-Apr-12 0.0001
8-Apr-12 0.0002
9-Apr-12 0.0004
10-Apr-12 0.0003
11-Apr-12 0.0002
12-Apr-12 0.0004
13-Apr-12 0.0003
14-Apr-12 0.0002
15-Apr-12 0.0005
16-Apr-12 0.0005
17-Apr-12 0.0003
18-Apr-12 0.0002
19-Apr-12 0.0005
20-Apr-12 0.0003
21-Apr-12 0.0004
22-Apr-12 0.0005
23-Apr-12 0.0006
24-Apr-12 0.0002
25-Apr-12 0.0005
26-Apr-12 0.0003
27-Apr-12 0.0003
28-Apr-12 0.0003
29-Apr-12 0.0006
30-Apr-12 0.0006
1-May-12 0.0004
2-May-12 0.0003
3-May-12 0.0002
4-May-12 0.0003
5-May-12 0.0006
6-May-12 0.0006
7-May-12 0.0005
8-May-12 0.0002
9-May-12 0.0005
10-May-12 0.0007
11-May-12 0.0010
12-May-12 0.0005
13-May-12 0.0010
14-May-12 0.0006
15-May-12 0.0010
16-May-12 0.0012
17-May-12 0.0008
18-May-12 0.0014
19-May-12 0.0011
20-May-12 0.0023
21-May-12 0.0021
22-May-12 0.0006
23-May-12 0.0005
24-May-12 0.0005
25-May-12 0.0009
26-May-12 0.0008
27-May-12 0.0010
28-May-12 0.0010
29-May-12 0.0007
30-May-12 0.0005
31-May-12 0.0002
1-Jun-12 0.0004
2-Jun-12 0.0004
3-Jun-12 0.0016
4-Jun-12 0.0009
5-Jun-12 0.0007
6-Jun-12 0.0005
7-Jun-12 0.0004
8-Jun-12 0.0004
9-Jun-12 0.0002
10-Jun-12 0.0007
11-Jun-12 0.0005
12-Jun-12 0.0002
13-Jun-12 0.0003
14-Jun-12 0.0002
15-Jun-12 0.0005
16-Jun-12 0.0005
17-Jun-12 0.0006
18-Jun-12 0.0004
19-Jun-12 0.0005
20-Jun-12 0.0004
21-Jun-12 0.0003
22-Jun-12 0.0005
23-Jun-12 0.0007
24-Jun-12 0.0008
25-Jun-12 0.0006
26-Jun-12 0.0004
27-Jun-12 0.0004
28-Jun-12 0.0002
29-Jun-12 0.0002
30-Jun-12 0.0002
1-Jul-12 0.0002
2-Jul-12 0.0003
3-Jul-12 0.0000
4-Jul-12 0.0004
5-Jul-12 0.0002
6-Jul-12 0.0003
7-Jul-12 0.0004
8-Jul-12 0.0003
9-Jul-12 0.0004
10-Jul-12 0.0004
11-Jul-12 0.0004
12-Jul-12 0.0006
13-Jul-12 0.0003
14-Jul-12 0.0005
15-Jul-12 0.0009
16-Jul-12 0.0005
17-Jul-12 0.0005
18-Jul-12 0.0006
19-Jul-12 0.0006
20-Jul-12 0.0007
21-Jul-12 0.0004
22-Jul-12 0.0008
23-Jul-12 0.0008
24-Jul-12 0.0008
25-Jul-12 0.0004
26-Jul-12 0.0005
27-Jul-12 0.0005
28-Jul-12 0.0005
29-Jul-12 0.0006
30-Jul-12 0.0009
31-Jul-12 0.0006
1-Aug-12 0.0008
2-Aug-12 0.0004
3-Aug-12 0.0003
4-Aug-12 0.0003
5-Aug-12 0.0005
6-Aug-12 0.0002
7-Aug-12 0.0004
8-Aug-12 0.0005
9-Aug-12 0.0004
10-Aug-12 0.0003
11-Aug-12 0.0005
12-Aug-12 0.0013
13-Aug-12 0.0005
14-Aug-12 0.0011
15-Aug-12 0.0008
16-Aug-12 0.0006
17-Aug-12 0.0006
18-Aug-12 0.0004
19-Aug-12 0.0006
20-Aug-12 0.0010
21-Aug-12 0.0008
22-Aug-12 0.0003
23-Aug-12 0.0004
24-Aug-12 0.0006
25-Aug-12 0.0004
26-Aug-12 0.0006
27-Aug-12 0.0005
28-Aug-12 0.0003
29-Aug-12 0.0006
30-Aug-12 0.0004
31-Aug-12 0.0006
1-Sep-12 0.0004
2-Sep-12 0.0008
3-Sep-12 0.0010
4-Sep-12 0.0008
5-Sep-12 0.0005
6-Sep-12 0.0006
7-Sep-12 0.0004
8-Sep-12 0.0003
9-Sep-12 0.0007
10-Sep-12 0.0004
11-Sep-12 0.0005
12-Sep-12 0.0004
13-Sep-12 0.0003
14-Sep-12 0.0004
15-Sep-12 0.0006
16-Sep-12 0.0009
17-Sep-12 0.0006
18-Sep-12 0.0003
19-Sep-12 0.0006
20-Sep-12 0.0004
21-Sep-12 0.0005
22-Sep-12 0.0002
23-Sep-12 0.0007
24-Sep-12 0.0004
25-Sep-12 0.0003
26-Sep-12 0.0005
27-Sep-12 0.0001
28-Sep-12 0.0006
29-Sep-12 0.0004
30-Sep-12 0.0007
1-Oct-12 0.0003
2-Oct-12 0.0004
3-Oct-12 0.0004
4-Oct-12 0.0004
5-Oct-12 0.0004
6-Oct-12 0.0005
7-Oct-12 0.0008
8-Oct-12 0.0002
9-Oct-12 0.0006
10-Oct-12 0.0007
11-Oct-12 0.0005
12-Oct-12 0.0005
13-Oct-12 0.0003
14-Oct-12 0.0010
15-Oct-12 0.0004
16-Oct-12 0.0006
17-Oct-12 0.0007
18-Oct-12 0.0009
19-Oct-12 0.0006
20-Oct-12 0.0003
21-Oct-12 0.0010
22-Oct-12 0.0006
23-Oct-12 0.0004
24-Oct-12 0.0007
25-Oct-12 0.0005
26-Oct-12 0.0009
27-Oct-12 0.0006
28-Oct-12 0.0017
29-Oct-12 0.0010
30-Oct-12 0.0006
31-Oct-12 0.0009
1-Nov-12 0.0014
2-Nov-12 0.0009
3-Nov-12 0.0015
4-Nov-12 0.0016
5-Nov-12 0.0010
6-Nov-12 0.0006
7-Nov-12 0.0013
8-Nov-12 0.0010
9-Nov-12 0.0014
10-Nov-12 0.0013
11-Nov-12 0.0017
12-Nov-12 0.0014
13-Nov-12 0.0008
14-Nov-12 0.0013
15-Nov-12 0.0007
16-Nov-12 0.0009
17-Nov-12 0.0009
18-Nov-12 0.0011
19-Nov-12 0.0009
20-Nov-12 0.0011
21-Nov-12 0.0007
22-Nov-12 0.0002
23-Nov-12 0.0004
24-Nov-12 0.0005
25-Nov-12 0.0007
26-Nov-12 0.0005
27-Nov-12 0.0013
28-Nov-12 0.0008
29-Nov-12 0.0009
30-Nov-12 0.0013
1-Dec-12 0.0012
2-Dec-12 0.0015
3-Dec-12 0.0017
4-Dec-12 0.0019
5-Dec-12 0.0018
6-Dec-12 0.0018
7-Dec-12 0.0020
8-Dec-12 0.0019
9-Dec-12 0.0034
10-Dec-12 0.0032
11-Dec-12 0.0023
12-Dec-12 0.0018
13-Dec-12 0.0012
14-Dec-12 0.0011
15-Dec-12 0.0020
16-Dec-12 0.0014
17-Dec-12 0.0014
18-Dec-12 0.0018
19-Dec-12 0.0007
20-Dec-12 0.0006
21-Dec-12 0.0008
22-Dec-12 0.0011
23-Dec-12 0.0008
24-Dec-12 0.0005
25-Dec-12 0.0015
26-Dec-12 0.0017
27-Dec-12 0.0020
28-Dec-12 0.0021
29-Dec-12 0.0018
30-Dec-12 0.0024
31-Dec-12 0.0037
1-Jan-13 0.0044
2-Jan-13 0.0053
3-Jan-13 0.0097
4-Jan-13 0.0069
5-Jan-13 0.0069
6-Jan-13 0.0077
7-Jan-13 0.0084
8-Jan-13 0.0056
9-Jan-13 0.0046
10-Jan-13 0.0044
11-Jan-13 0.0057
12-Jan-13 0.0044
13-Jan-13 0.0060
14-Jan-13 0.0063
15-Jan-13 0.0076
16-Jan-13 0.0055
17-Jan-13 0.0038
18-Jan-13 0.0064
19-Jan-13 0.0070
20-Jan-13 0.0057
21-Jan-13 0.0065
22-Jan-13 0.0063
23-Jan-13 0.0051
24-Jan-13 0.0048
25-Jan-13 0.0026
26-Jan-13 0.0028
27-Jan-13 0.0040
28-Jan-13 0.0032
29-Jan-13 0.0022
30-Jan-13 0.0026
31-Jan-13 0.0015
1-Feb-13 0.0035
2-Feb-13 0.0020
3-Feb-13 0.0023
4-Feb-13 0.0022
5-Feb-13 0.0017
6-Feb-13 0.0014
7-Feb-13 0.0008
8-Feb-13 0.0016
9-Feb-13 0.0013
10-Feb-13 0.0014
11-Feb-13 0.0013
12-Feb-13 0.0015
13-Feb-13 0.0005
14-Feb-13 0.0006
15-Feb-13 0.0014
16-Feb-13 0.0006
17-Feb-13 0.0007
18-Feb-13 0.0008
19-Feb-13 0.0011
20-Feb-13 0.0015
21-Feb-13 0.0009
22-Feb-13 0.0021
23-Feb-13 0.0019
24-Feb-13 0.0025
25-Feb-13 0.0029
26-Feb-13 0.0039
27-Feb-13 0.0022
28-Feb-13 0.0016
1-Mar-13 0.0020
2-Mar-13 0.0015
3-Mar-13 0.0018
4-Mar-13 0.0026
5-Mar-13 0.0013
6-Mar-13 0.0014
7-Mar-13 0.0010
8-Mar-13 0.0010
9-Mar-13 0.0020
10-Mar-13 0.0011
11-Mar-13 0.0014
12-Mar-13 0.0010
13-Mar-13 0.0006
14-Mar-13 0.0004
15-Mar-13 0.0004
16-Mar-13 0.0004
17-Mar-13 0.0004
18-Mar-13 0.0006
19-Mar-13 0.0003
20-Mar-13 0.0005
21-Mar-13 0.0002
22-Mar-13 0.0004
23-Mar-13 0.0007
24-Mar-13 0.0010
25-Mar-13 0.0006
26-Mar-13 0.0004
27-Mar-13 0.0006
28-Mar-13 0.0001
29-Mar-13 0.0002
30-Mar-13 0.0004
31-Mar-13 0.0002
1-Apr-13 0.0004
2-Apr-13 0.0001
3-Apr-13 0.0003
4-Apr-13 0.0003
5-Apr-13 0.0003
6-Apr-13 0.0002
7-Apr-13 0.0001
8-Apr-13 0.0002
9-Apr-13 0.0001
10-Apr-13 0.0004
11-Apr-13 0.0003
12-Apr-13 0.0003
13-Apr-13 0.0008
14-Apr-13 0.0006
15-Apr-13 0.0005
16-Apr-13 0.0004
17-Apr-13 0.0002
18-Apr-13 0.0001
19-Apr-13 0.0000
20-Apr-13 0.0002
21-Apr-13 0.0001
22-Apr-13 0.0002
23-Apr-13 0.0001
24-Apr-13 0.0002
25-Apr-13 0.0002
26-Apr-13 0.0005
27-Apr-13 0.0005
28-Apr-13 0.0002
29-Apr-13 0.0006
30-Apr-13 0.0004
1-May-13 0.0002
2-May-13 0.0003
3-May-13 0.0003
4-May-13 0.0002
5-May-13 0.0005
6-May-13 0.0002
7-May-13 0.0003
8-May-13 0.0004
9-May-13 0.0003
10-May-13 0.0003
11-May-13 0.0003
12-May-13 0.0003
13-May-13 0.0002
14-May-13 0.0002
15-May-13 0.0002
16-May-13 0.0002
17-May-13 0.0007
18-May-13 0.0005
19-May-13 0.0005
20-May-13 0.0004
21-May-13 0.0003
22-May-13 0.0003
23-May-13 0.0002
24-May-13 0.0001
25-May-13 0.0006
26-May-13 0.0001
27-May-13 0.0002
28-May-13 0.0003
29-May-13 0.0005
30-May-13 0.0002
31-May-13 0.0004
1-Jun-13 0.0004
2-Jun-13 0.0004
3-Jun-13 0.0003
4-Jun-13 0.0004
5-Jun-13 0.0003
6-Jun-13 0.0005
7-Jun-13 0.0005
8-Jun-13 0.0001
9-Jun-13 0.0004
10-Jun-13 0.0007
11-Jun-13 0.0004
12-Jun-13 0.0000
13-Jun-13 0.0001
14-Jun-13 0.0003
15-Jun-13 0.0003
16-Jun-13 0.0000
17-Jun-13 0.0001
18-Jun-13 0.0001
19-Jun-13 0.0001
20-Jun-13 0.0000
21-Jun-13 0.0005
22-Jun-13 0.0003
23-Jun-13 0.0002
24-Jun-13 0.0013
25-Jun-13 0.0010
26-Jun-13 0.0003
27-Jun-13 0.0002
28-Jun-13 0.0002
29-Jun-13 0.0002
30-Jun-13 0.0002
1-Jul-13 0.0004
2-Jul-13 0.0001
3-Jul-13 0.0001
4-Jul-13 0.0001
5-Jul-13 0.0003
6-Jul-13 0.0001
7-Jul-13 0.0002
8-Jul-13 0.0006
9-Jul-13 0.0001
10-Jul-13 0.0001
11-Jul-13 0.0001
12-Jul-13 0.0005
13-Jul-13 0.0002
14-Jul-13 0.0003
15-Jul-13 0.0003
16-Jul-13 0.0002
17-Jul-13 0.0002
18-Jul-13 0.0003
19-Jul-13 0.0003
20-Jul-13 0.0002
21-Jul-13 0.0005
22-Jul-13 0.0009
23-Jul-13 0.0005
24-Jul-13 0.0008
25-Jul-13 0.0013
26-Jul-13 0.0013
27-Jul-13 0.0005
28-Jul-13 0.0007
29-Jul-13 0.0015
30-Jul-13 0.0011
31-Jul-13 0.0008
1-Aug-13 0.0002
2-Aug-13 0.0009
3-Aug-13 0.0016
4-Aug-13 0.0012
5-Aug-13 0.0010
6-Aug-13 0.0010
7-Aug-13 0.0007
8-Aug-13 0.0004
9-Aug-13 0.0006
10-Aug-13 0.0003
11-Aug-13 0.0004
12-Aug-13 0.0006
13-Aug-13 0.0006
14-Aug-13 0.0004
15-Aug-13 0.0004
16-Aug-13 0.0005
17-Aug-13 0.0006
18-Aug-13 0.0005
19-Aug-13 0.0006
20-Aug-13 0.0007
21-Aug-13 0.0006
22-Aug-13 0.0004
23-Aug-13 0.0004
24-Aug-13 0.0011
25-Aug-13 0.0009
26-Aug-13 0.0011
27-Aug-13 0.0013
28-Aug-13 0.0008
29-Aug-13 0.0008
30-Aug-13 0.0005
31-Aug-13 0.0008
1-Sep-13 0.0010
2-Sep-13 0.0013
3-Sep-13 0.0020
4-Sep-13 0.0015
5-Sep-13 0.0008
6-Sep-13 0.0013
7-Sep-13 0.0017
8-Sep-13 0.0010
9-Sep-13 0.0012
10-Sep-13 0.0011
11-Sep-13 0.0008
12-Sep-13 0.0004
13-Sep-13 0.0016
14-Sep-13 0.0008
15-Sep-13 0.0010
16-Sep-13 0.0025
17-Sep-13 0.0027
18-Sep-13 0.0019
19-Sep-13 0.0029
20-Sep-13 0.0042
21-Sep-13 0.0042
22-Sep-13 0.0032
23-Sep-13 0.0035
24-Sep-13 0.0047
25-Sep-13 0.0038
26-Sep-13 0.0035
27-Sep-13 0.0047
28-Sep-13 0.0042
29-Sep-13 0.0056
30-Sep-13 0.0059
1-Oct-13 0.0078
2-Oct-13 0.0084
3-Oct-13 0.0073
4-Oct-13 0.0100
5-Oct-13 0.0096
6-Oct-13 0.0112
7-Oct-13 0.0110
8-Oct-13 0.0131
9-Oct-13 0.0105
10-Oct-13 0.0094
11-Oct-13 0.0137
12-Oct-13 0.0116
13-Oct-13 0.0116
14-Oct-13 0.0135
15-Oct-13 0.0149
16-Oct-13 0.0130
17-Oct-13 0.0120
18-Oct-13 0.0149
19-Oct-13 0.0103
20-Oct-13 0.0105
21-Oct-13 0.0111
22-Oct-13 0.0090
23-Oct-13 0.0075
24-Oct-13 0.0050
25-Oct-13 0.0043
26-Oct-13 0.0039
27-Oct-13 0.0041
28-Oct-13 0.0044
29-Oct-13 0.0032
30-Oct-13 0.0030
31-Oct-13 0.0028
1-Nov-13 0.0016
2-Nov-13 0.0016
3-Nov-13 0.0024
4-Nov-13 0.0023
5-Nov-13 0.0015
6-Nov-13 0.0014
7-Nov-13 0.0011
8-Nov-13 0.0011
9-Nov-13 0.0008
10-Nov-13 0.0010
11-Nov-13 0.0010
12-Nov-13 0.0009
13-Nov-13 0.0009
14-Nov-13 0.0010
15-Nov-13 0.0010
16-Nov-13 0.0005
17-Nov-13 0.0009
18-Nov-13 0.0015
19-Nov-13 0.0006
20-Nov-13 0.0008
21-Nov-13 0.0004
22-Nov-13 0.0008
23-Nov-13 0.0003
24-Nov-13 0.0018
25-Nov-13 0.0011
26-Nov-13 0.0004
27-Nov-13 0.0006
28-Nov-13 0.0005
29-Nov-13 0.0008
30-Nov-13 0.0004
1-Dec-13 0.0002
2-Dec-13 0.0009
3-Dec-13 0.0003
4-Dec-13 0.0006
5-Dec-13 0.0004
6-Dec-13 0.0008
7-Dec-13 0.0005
8-Dec-13 0.0004
9-Dec-13 0.0008
10-Dec-13 0.0007
11-Dec-13 0.0004
12-Dec-13 0.0005
13-Dec-13 0.0007
14-Dec-13 0.0006
15-Dec-13 0.0004
16-Dec-13 0.0016
17-Dec-13 0.0013
18-Dec-13 0.0007
19-Dec-13 0.0012
20-Dec-13 0.0011
21-Dec-13 0.0012
22-Dec-13 0.0010
23-Dec-13 0.0010
24-Dec-13 0.0004
25-Dec-13 0.0005
26-Dec-13 0.0007
27-Dec-13 0.0010
28-Dec-13 0.0007
29-Dec-13 0.0013
30-Dec-13 0.0016
31-Dec-13 0.0015

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Figure 2: Market yield on U.S. Treasury securities at 3-month constant maturity

2011 Yield
1-Jul-11 0.02
4-Jul-11  
5-Jul-11 0.02
6-Jul-11 0.01
7-Jul-11 0.03
8-Jul-11 0.03
11-Jul-11 0.03
12-Jul-11 0.03
13-Jul-11 0.01
14-Jul-11 0.01
15-Jul-11 0.02
18-Jul-11 0.02
19-Jul-11 0.03
20-Jul-11 0.02
21-Jul-11 0.05
22-Jul-11 0.05
25-Jul-11 0.05
26-Jul-11 0.07
27-Jul-11 0.08
28-Jul-11 0.07
29-Jul-11 0.1
1-Aug-11 0.1
2-Aug-11 0.06
3-Aug-11 0.02
4-Aug-11 0.02
5-Aug-11 0.01
8-Aug-11 0.05
9-Aug-11 0.03
10-Aug-11 0.02
11-Aug-11 0.03
12-Aug-11 0.02
15-Aug-11 0.02
16-Aug-11 0.03
17-Aug-11 0.01
18-Aug-11 0.01
19-Aug-11 0.02
22-Aug-11 0.01
23-Aug-11 0.01
24-Aug-11 0.02
25-Aug-11 0.01
26-Aug-11 0.01
29-Aug-11 0.02
30-Aug-11 0.01
31-Aug-11 0.02


2013 Yield
16-Sep-13 0.02
17-Sep-13 0.01
18-Sep-13 0.01
19-Sep-13 0.01
20-Sep-13 0.01
23-Sep-13 0.02
24-Sep-13 0.02
25-Sep-13 0.02
26-Sep-13  
27-Sep-13 0.02
30-Sep-13 0.02
1-Oct-13 0.02
2-Oct-13 0.02
3-Oct-13 0.03
4-Oct-13 0.03
7-Oct-13 0.03
8-Oct-13 0.05
9-Oct-13 0.05
10-Oct-13 0.05
11-Oct-13 0.08
14-Oct-13  
15-Oct-13 0.14
16-Oct-13 0.1
17-Oct-13 0.05
18-Oct-13 0.04
21-Oct-13 0.04
22-Oct-13 0.04
23-Oct-13 0.04
24-Oct-13 0.03
25-Oct-13 0.04
28-Oct-13 0.04
29-Oct-13 0.04
30-Oct-13 0.04
31-Oct-13 0.04
1-Nov-13 0.04
4-Nov-13 0.05
5-Nov-13 0.05
6-Nov-13 0.05
7-Nov-13 0.05
8-Nov-13 0.06
11-Nov-13  
12-Nov-13 0.08
13-Nov-13 0.08
14-Nov-13 0.08
15-Nov-13 0.08

Return to text


Figure 3: Individual Treasury Bill Yields By Maturity Date

Figure 3. Individual Treasury Bill Yields, By Maturity Date (Two panels) Figure 3 plots the daily annualized yields (in basis points) of Treasury bills that matured near the projected debt limit breach dates in 2011 and 2013. Date is plotted on the x-axis and the annualized yield is plotted on the y-axis. The dashed vertical lines in each panel indicate the projected breach dates in 2011 and 2013. Both panels show that yields on Treasury bills maturing soon after the projected breach dates rose markedly as the projected breach dates neared. Yields rose more in 2013 than 2011. Upon resolution of both debt limit impasses on the projected breach dates, yields returned to normal levels.

Return to text.


Figure 4: Comparing constant maturity Treasury bill yields on Commercial Paper and Overnight Index Swap rates

Figure 4. Comparing constant maturity Treasury bill yields to Commercial Paper and Overnight Index Swap rates (Two panels) Figure 4 plots the daily annualized yields (in basis points) of 3-month Commercial Paper (CP), Overnight Index Swap (OIS) rates, and Treasury bill yields around the time of the projected debt limit breach dates in 2011 and 2013. Date is plotted on the x-axis and the annualized yield is plotted on the y-axis. The dashed vertical lines in each panel indicate the projected breach dates in 2011 and 2013. Both panels show that CP and Treasury bill rates rose as the projected breach dates neared, while OIS rates changed little.

Return to text.


Figure 5: Bills Baseline Wedge

Figure 5A. 2011 Bills Baseline Wedge

Date Wedge Lower 95% Confidence Interval Upper 95% Confidence Interval
14-07-2011 -0.261 -0.651 0.129
15-07-2011 -0.249 -0.557 0.059
18-07-2011 -0.238 -0.51 0.034
19-07-2011 0.77 0.352 1.188
20-07-2011 0.816 0.438 1.194
21-07-2011 1.983 1.597 2.369
22-07-2011 2.348 1.994 2.702
25-07-2011 3.098 2.726 3.47
26-07-2011 4.145 3.743 4.547
27-07-2011 5.487 5.031 5.943
28-07-2011 5.683 5.217 6.149
29-07-2011 7.884 7.374 8.394
01-08-2011 7.399 7.035 7.763
02-08-2011 3.182 2.802 3.562
03-08-2011 0.969 0.565 1.373
04-08-2011 -0.82 -1.246 -0.394
05-08-2011 -0.289 -0.627 0.049
08-08-2011 2.355 1.685 3.025
09-08-2011 1.175 0.817 1.533
10-08-2011 0.373 0.067 0.679
11-08-2011 0.699 0.355 1.043
12-08-2011 0.559 0.259 0.859


Figure 5B. 2013 Bills Baseline Wedge

Date Wedge Lower 95% Confidence Interval Upper 95% Confidence Interval
25-09-2013 -0.246 -0.462 -0.03
26-09-2013 -1.005 -1.313 -0.697
27-09-2013 -0.762 -0.982 -0.542
30-09-2013 -0.889 -1.115 -0.663
01-10-2013 -0.149 -0.453 0.155
02-10-2013 -0.797 -1.137 -0.457
03-10-2013 -0.0883 -0.4643 0.2877
04-10-2013 -0.214 -0.68 0.252
07-10-2013 -0.341 -0.835 0.153
08-10-2013 1.445 0.885 2.005
09-10-2013 1.581 0.939 2.223
10-10-2013 2.327 1.053 3.601
11-10-2013 3.639 1.645 5.633
15-10-2013 7.093 6.063 8.123
16-10-2013 3.815 3.131 4.499
17-10-2013 0.692 0.16 1.224
18-10-2013 -0.312 -0.774 0.15
21-10-2013 -0.627 -1.015 -0.239
22-10-2013 -0.78 -1.192 -0.368
23-10-2013 -0.727 -1.131 -0.323
24-10-2013 -0.264 -0.554 0.026
25-10-2013 -0.241 -0.541 0.059

Return to text


Figure 6: Excess Yields on At-Risk Bills

Figure 6A. 2011 Excess Yields on At-Risk Bills

Date Jul28 Aug4 Aug11 Aug18 Aug25 Sept1 Sept8
14-07-2011 1.56 2.59 0.93 -0.00 0.47 -0.09 -0.00
15-07-2011 0.97 1.01 0.38 -0.13 -0.20 -0.30 0.38
18-07-2011 0.52 0.88 0.57 -0.18 0.24 0.12 1.41
19-07-2011 -0.57 -0.45 -0.23 0.72 0.09 -0.08 -1.23
20-07-2011 -0.53 1.14 1.63 0.73 0.32 -0.92 0.81
21-07-2011 -1.61 1.60 1.60 0.82 -0.32 -1.35 -0.81
22-07-2011 -1.89 3.37 3.39 2.63 1.61 -0.99 -1.12
25-07-2011   2.01 2.09 1.90 -0.42 -0.76 -1.29
26-07-2011   0.87 0.98 2.08 -0.11 -1.77 -1.71
27-07-2011   7.05 7.18 1.70 1.43 -1.81 -1.66
28-07-2011   8.98 7.10 6.20 3.45 -1.54 -1.05
29-07-2011   14.04 19.04 9.54 7.77 -0.91 -0.09
01-08-2011     12.31 6.93 3.92 -0.24 0.95
02-08-2011     0.23 0.96 0.20 -2.82 -0.28
03-08-2011     0.50 0.75 -0.80 -1.93 0.45
04-08-2011     3.16 3.42 1.60 -0.24 1.28
05-08-2011     3.29 3.58 0.97 -0.40 0.10
08-08-2011       0.58 -1.76 -0.85 -0.51
09-08-2011       0.59 0.50 -1.42 -1.08
10-08-2011       1.47 0.35 -1.10 -0.26
11-08-2011       1.24 0.08 -1.41 -0.12
12-08-2011       2.30 0.35 -1.93 -0.04


Figure 6B. 2013 Excess Yields on At-Risk Bills

Date Oct17 Oct24 Oct31 Nov7 Nov14 Nov21
25-09-2013 1.64 -0.21 0.57 -1.02 -0.72 0.21
26-09-2013 5.57 2.82 3.42 0.25 0.35 -1.10
27-09-2013 2.74 1.79 0.02 0.34 0.99 1.48
30-09-2013 3.34 1.18 0.95 0.21 1.19 1.36
01-10-2013 3.72 7.42 3.82 -1.05 0.24 -0.45
02-10-2013 6.43 6.85 6.98 -0.23 1.10 1.85
03-10-2013 13.01 12.69 11.92 4.45 1.27 1.42
04-10-2013 11.72 10.91 11.17 6.34 8.54 5.56
07-10-2013 13.85 14.88 15.20 9.30 7.77 2.18
08-10-2013 25.11 24.89 31.34 20.71 14.64 -0.18
09-10-2013 45.92 34.02 32.35 21.06 21.14 2.17
10-10-2013 32.21 31.01 24.28 16.59 15.01 8.13
11-10-2013 16.74 24.21 25.64 18.14 12.20 11.58
15-10-2013   38.18 46.83 24.56 17.07 2.68
16-10-2013   14.00 12.74 7.74 8.10 3.02
17-10-2013   -0.12 2.19 -2.10 0.44 -2.13
18-10-2013   0.97 1.52 -0.54 0.29 -1.70
21-10-2013     1.73 -0.09 1.09 0.03
22-10-2013     1.72 -0.66 0.58 0.61
23-10-2013     2.01 -0.17 0.37 -0.03
24-10-2013     2.65 -0.60 -0.00 -0.14
25-10-2013     1.19 -0.59 0.32 -0.66

Return to text


Figure 7: Coupons Wedge

Figure 7A. 2011 Coupons Baseline Wedge

Date Wedge Lower 95% Confidence Interval Upper 95% Confidence Interval
14-07-2011 0.69 0.082 1.298
15-07-2011 0.117 -0.704 0.938
18-07-2011 0.607 -0.310 1.524
19-07-2011 0.905 -0.155 1.965
20-07-2011 1.118 -0.074 2.310
21-07-2011 1.361 0.014 2.708
22-07-2011 3.138 1.668 4.608
25-07-2011 4.351 2.775 5.927
26-07-2011 3.491 1.813 5.169
27-07-2011 5.71 3.932 7.488
28-07-2011 3.847 1.963 5.731
29-07-2011 3.32 1.350 5.290
01-08-2011 4.048 2.015 6.081
02-08-2011 2.182 0.138 4.226
03-08-2011 1.676 -0.374 3.726
04-08-2011 -1.422 -3.427 0.583
05-08-2011 -1.022 -2.923 0.879
08-08-2011 -2.955 -4.533 -1.377
09-08-2011 -3.084 -4.623 -1.545
10-08-2011 -2.451 -3.762 -1.140
11-08-2011 -0.393 -1.193 0.407
12-08-2011 -0.115 -0.478 0.248


Figure 7B. 2013 Coupons Baseline Wedge

Date Wedge Lower 95% Confidence Interval Upper 95% Confidence Interval
25-09-2013 0.348 0.056 0.640
26-09-2013 0.145 -0.206 0.496
27-09-2013 0.114 -0.351 0.579
30-09-2013 -0.285 -0.781 0.211
01-10-2013 -0.621 -1.182 -0.060
02-10-2013 -0.195 -0.822 0.432
03-10-2013 -0.373 -1.022 0.276
04-10-2013 0.542 -0.132 1.216
07-10-2013 1.539 0.851 2.227
08-10-2013 4.602 3.904 5.300
09-10-2013 3.929 3.223 4.635
10-10-2013 2.026 1.318 2.734
11-10-2013 2.853 2.149 3.557
15-10-2013 3.135 2.439 3.831
16-10-2013 1.453 0.775 2.131
17-10-2013 0.305 -0.332 0.942
18-10-2013 0.201 -0.422 0.824
21-10-2013 0.0844 -0.504 0.672
22-10-2013 -0.109 -0.491 0.273
23-10-2013 0.00958 -0.308 0.327
24-10-2013 -0.454 -0.703 -0.205
25-10-2013 -0.0345 -0.193 0.124

Return to text


Figure 8: Coupons with Interest Payable

Figure 8A. 2011 Coupons with Interest Payable

Date Jul15 Jul31 Aug15 Aug31 Sept15
14-07-2011 -3.064 -0.672 0.613 -0.453 -3.431
15-07-2011 -2.129 -0.206 0.833 -0.717 -2.038
18-07-2011 -2.045 -1.312 1.833 -0.00663 -2.101
19-07-2011 -1.695 -0.755 0.629 -0.299 -1.568
20-07-2011 -4.335 -0.798 1.387 -0.508 -3.919
21-07-2011 -8.531 -1.751 2.043 -0.113 -7.806
22-07-2011 -7.613 -0.74 1.59 -0.703 -7.239
25-07-2011 -8.675 -2.224 2.111 -0.452 -7.274
26-07-2011 -7.16 -0.934 2.395 -0.33 -6.667
27-07-2011 -8.936 -2.649 1.972 -0.861 -8.503
28-07-2011 -8.087 -1.668 2.312 -0.386 -8.033
29-07-2011 -2.28 -0.139 2.37 0.0317 -3.235
01-08-2011 -1.756 -0.988 1.584 -0.528 -1.66
02-08-2011 -0.645 -1.141 0.119 -1.096 0.0572
03-08-2011 -1.929 -1.109 0.172 -0.744 -2.07
04-08-2011 1.234 -0.513 -0.286 -0.403 2.27
05-08-2011 -5.137 -1.152 1.126 -0.181 -5.335
08-08-2011 1.78 -0.434 -1.81 0.0902 1.266
09-08-2011 2.193 0.0817 -0.628 0.437 1.71
10-08-2011 6.449 1.216 -1.944 0.692 4.977
11-08-2011 -0.504 0.069 0.108 0.188 -0.976
12-08-2011 1.976 0.524 0.129 0.506 1.426


Figure 8B. 2013 Coupons with Interest Payable

Date Sept30 Oct15 Oct31 Nov15 Nov30
25-09-2013 -0.207 1.469 -0.154 -0.373 -0.212
26-09-2013 -0.196 0.206 -0.0583 0.215 -0.117
27-09-2013 -0.321 0.909 -0.31 0.17 0.00632
30-09-2013 -0.532 1.002 -0.31 -0.0602 -0.182
01-10-2013 -0.00361 -0.768 0.126 0.497 0.457
02-10-2013 -0.0981 0.602 -0.0165 0.223 0.0786
03-10-2013 -0.395 1.383 0.0677 0.191 -0.254
04-10-2013 -0.0111 -0.461 0.324 0.667 0.107
07-10-2013 0.299 0.657 0.601 -0.06 0.572
08-10-2013 0.0892 0.559 1.083 -0.322 0.841
09-10-2013 0.156 -0.809 0.614 0.734 0.611
10-10-2013 -0.151 -1.692 0.24 1.062 0.616
11-10-2013 -0.37 -1.415 -0.089 1.683 0.268
15-10-2013 -0.677 -1.721 -0.17 1.473 0.249
16-10-2013 -0.624 -1.084 -0.39 0.994 -0.0993
17-10-2013 -0.405 0.591 -0.324 0.231 -0.111
18-10-2013 -0.338 -0.478 -0.503 0.506 -0.16
21-10-2013 -0.151 -1.751 -0.247 0.507 0.131
22-10-2013 -0.327 1.096 -0.347 -0.391 0.0396
23-10-2013 -0.11 1.198 -0.0171 -0.794 0.17
24-10-2013 0.0979 0.151 -0.194 -0.304 0.212
25-10-2013 -0.0466 0.256 -0.111 0.157 0.17

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Appendix Figure 1

This figure shows the Spread of Affected Bill over Private Asset, the Spread of Coupon over Private Asset, and the Yield of Private Asset for Model Scenario 2 for $$\pi_{gb}$$=0 where $$\pi_a$$=0 and c=0.

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Appendix Figure 2

This figure shows the Spread of Affected Bill over Private Asset, the Spread of Coupon over Private Asset, and the Yield of Private Asset for Model Scenario 2 for $$\pi_{gb}$$=0 where $$\pi_a$$=0.2 and c=0.

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Appendix Figure 3

This figure shows the Spread of Affected Bill over Private Asset, the Spread of Coupon over Private Asset, and the Yield of Private Asset for Model Scenario 3 for $$\pi_{gb}$$=0.2 where $$\pi_a$$=0, c=0, and $$\theta$$=1.

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Appendix Figure 4

This figure shows the Spread of Affected Bill over Private Asset, the Spread of Coupon over Private Asset, and the Yield of Private Asset for Model Scenario 4 for $$\pi_{gb}$$=0.2 where $$\pi_a$$=0, c=0, and $$\theta$$=0.88.

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Appendix Figure 5

This figure shows the Spread of Affected Bill over Private Asset, the Spread of Coupon over Private Asset, and the Yield of Private Asset for Model Scenario 5 for $$\pi_{gb}$$=0.2 where $$\pi_a$$=0.2, c=0, and $$\theta$$=0.88.

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Appendix Figure 6

This figure shows the Spread of Affected Bill over Private Asset, the Spread of Coupon over Private Asset, and the Yield of Private Asset for Model Scenario 6 for $$\pi_{gb}$$=0.2 where $$\pi_a$$=0, c=0.05, and $$\theta$$=0.88.

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Appendix Figure 7

This figure shows the Spread of Affected Bill over Private Asset, the Spread of Coupon over Private Asset, and the Yield of Private Asset for Model Scenario 7 for $$\pi_{gb}$$=0.1 and $$\pi_{gb}$$=0.3 where $$\pi_a$$=0, c=0, and $$\theta$$=0.93.

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