Title: Yields on Municipal Bonds, Highest Rating for United States Series ID: M13043USM156NNBR 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: 1937-01-01 to 1966-01-01 Last Updated: 2012-08-20 8:16 AM CDT Notes: Data Refer To Aaa Grade Bonds. Data Through 1962 Include: Hartford, Connecticut -- 18 Year 3.5% Bonds; Indianapolis, Indiana -- 25 Year 3.625% Bonds; Maryland -- 14 Year 3% Bonds; Milwaukee, Wisconsin -- 20 Year 3% Bonds; New York State -- 25 Year 3% Bonds (See Moody'S, July 16, 1962). Source: Moody'S Municipal And Investment Manual, 1961; Successives Issues Of Moody'S Bond Survey Thereafter. This NBER data series m13043 appears on the NBER website in Chapter 13 at http://www.nber.org/databases/macrohistory/contents/chapter13.html. NBER Indicator: m13043 DATE VALUE 1937-01-01 2.18 1937-02-01 2.39 1937-03-01 2.59 1937-04-01 2.81 1937-05-01 2.68 1937-06-01 2.55 1937-07-01 2.46 1937-08-01 2.45 1937-09-01 2.49 1937-10-01 2.60 1937-11-01 2.50 1937-12-01 2.50 1938-01-01 2.45 1938-02-01 2.30 1938-03-01 2.32 1938-04-01 2.42 1938-05-01 2.27 1938-06-01 2.21 1938-07-01 2.18 1938-08-01 2.17 1938-09-01 2.14 1938-10-01 2.18 1938-11-01 2.18 1938-12-01 2.18 1939-01-01 2.14 1939-02-01 2.06 1939-03-01 2.04 1939-04-01 2.05 1939-05-01 2.02 1939-06-01 2.00 1939-07-01 1.99 1939-08-01 2.10 1939-09-01 2.26 1939-10-01 2.32 1939-11-01 2.06 1939-12-01 1.90 1940-01-01 1.90 1940-02-01 1.93 1940-03-01 1.88 1940-04-01 1.86 1940-05-01 2.05 1940-06-01 2.06 1940-07-01 1.84 1940-08-01 1.80 1940-09-01 1.78 1940-10-01 1.70 1940-11-01 1.64 1940-12-01 1.56 1941-01-01 1.59 1941-02-01 1.65 1941-03-01 1.71 1941-04-01 1.67 1941-05-01 1.60 1941-06-01 1.52 1941-07-01 1.48 1941-08-01 1.44 1941-09-01 1.43 1941-10-01 1.39 1941-11-01 1.39 1941-12-01 1.55 1942-01-01 1.63 1942-02-01 1.78 1942-03-01 1.84 1942-04-01 1.79 1942-05-01 1.74 1942-06-01 1.67 1942-07-01 1.58 1942-08-01 1.54 1942-09-01 1.56 1942-10-01 1.57 1942-11-01 1.58 1942-12-01 1.59 1943-01-01 1.56 1943-02-01 1.54 1943-03-01 1.53 1943-04-01 1.48 1943-05-01 1.43 1943-06-01 1.38 1943-07-01 1.34 1943-08-01 1.33 1943-09-01 1.31 1943-10-01 1.25 1943-11-01 1.26 1943-12-01 1.27 1944-01-01 1.21 1944-02-01 1.17 1944-03-01 1.16 1944-04-01 1.17 1944-05-01 1.17 1944-06-01 1.16 1944-07-01 1.15 1944-08-01 1.14 1944-09-01 1.15 1944-10-01 1.16 1944-11-01 1.16 1944-12-01 1.15 1945-01-01 1.09 1945-02-01 1.02 1945-03-01 0.96 1945-04-01 0.95 1945-05-01 0.98 1945-06-01 1.01 1945-07-01 1.02 1945-08-01 1.13 1945-09-01 1.22 1945-10-01 1.21 1945-11-01 1.16 1945-12-01 1.11 1946-01-01 1.02 1946-02-01 0.94 1946-03-01 0.92 1946-04-01 0.91 1946-05-01 1.02 1946-06-01 1.04 1946-07-01 1.09 1946-08-01 1.16 1946-09-01 1.21 1946-10-01 1.24 1946-11-01 1.23 1946-12-01 1.38 1947-01-01 1.35 1947-02-01 1.39 1947-03-01 1.46 1947-04-01 1.41 1947-05-01 1.42 1947-06-01 1.40 1947-07-01 1.39 1947-08-01 1.43 1947-09-01 1.42 1947-10-01 1.50 1947-11-01 1.59 1947-12-01 1.69 1948-01-01 1.76 1948-02-01 1.88 1948-03-01 1.96 1948-04-01 1.92 1948-05-01 1.87 1948-06-01 1.81 1948-07-01 1.85 1948-08-01 1.90 1948-09-01 1.93 1948-10-01 1.93 1948-11-01 1.86 1948-12-01 1.75 1949-01-01 1.64 1949-02-01 1.70 1949-03-01 1.69 1949-04-01 1.64 1949-05-01 1.63 1949-06-01 1.71 1949-07-01 1.66 1949-08-01 1.63 1949-09-01 1.64 1949-10-01 1.65 1949-11-01 1.63 1949-12-01 1.61 1950-01-01 1.61 1950-02-01 1.61 1950-03-01 1.62 1950-04-01 1.63 1950-05-01 1.65 1950-06-01 1.66 1950-07-01 1.66 1950-08-01 1.52 1950-09-01 1.50 1950-10-01 1.44 1950-11-01 1.42 1950-12-01 1.42 1951-01-01 1.31 1951-02-01 1.30 1951-03-01 1.45 1951-04-01 1.61 1951-05-01 1.66 1951-06-01 1.78 1951-07-01 1.78 1951-08-01 1.65 1951-09-01 1.65 1951-10-01 1.69 1951-11-01 1.69 1951-12-01 1.72 1952-01-01 1.74 1952-02-01 1.72 1952-03-01 1.72 1952-04-01 1.68 1952-05-01 1.67 1952-06-01 1.73 1952-07-01 1.76 1952-08-01 1.78 1952-09-01 1.91 1952-10-01 1.99 1952-11-01 1.98 1952-12-01 1.96 1953-01-01 2.04 1953-02-01 2.14 1953-03-01 2.21 1953-04-01 2.20 1953-05-01 2.32 1953-06-01 2.64 1953-07-01 2.56 1953-08-01 2.48 1953-09-01 2.49 1953-10-01 2.33 1953-11-01 2.15 1953-12-01 2.18 1954-01-01 2.12 1954-02-01 2.06 1954-03-01 2.04 1954-04-01 2.15 1954-05-01 2.18 1954-06-01 2.17 1954-07-01 1.98 1954-08-01 1.90 1954-09-01 1.93 1954-10-01 1.97 1954-11-01 1.95 1954-12-01 2.01 1955-01-01 2.09 1955-02-01 2.10 1955-03-01 2.09 1955-04-01 2.08 1955-05-01 2.06 1955-06-01 2.09 1955-07-01 2.23 1955-08-01 2.33 1955-09-01 2.31 1955-10-01 2.25 1955-11-01 2.20 1955-12-01 2.29 1956-01-01 2.27 1956-02-01 2.19 1956-03-01 2.24 1956-04-01 2.43 1956-05-01 2.46 1956-06-01 2.34 1956-07-01 2.40 1956-08-01 2.53 1956-09-01 2.63 1956-10-01 2.66 1956-11-01 2.87 1956-12-01 3.04 1957-01-01 2.99 1957-02-01 2.79 1957-03-01 2.88 1957-04-01 2.88 1957-05-01 3.00 1957-06-01 3.19 1957-07-01 3.17 1957-08-01 3.37 1957-09-01 3.43 1957-10-01 3.31 1957-11-01 3.24 1957-12-01 2.92 1958-01-01 2.75 1958-02-01 2.72 1958-03-01 2.79 1958-04-01 2.70 1958-05-01 2.69 1958-06-01 2.74 1958-07-01 2.79 1958-08-01 3.07 1958-09-01 3.28 1958-10-01 3.23 1958-11-01 3.17 1958-12-01 3.12 1959-01-01 3.19 1959-02-01 3.16 1959-03-01 3.06 1959-04-01 3.12 1959-05-01 3.29 1959-06-01 3.37 1959-07-01 3.51 1959-08-01 3.44 1959-09-01 3.60 1959-10-01 3.57 1959-11-01 3.44 1959-12-01 3.43 1960-01-01 3.49 1960-02-01 3.40 1960-03-01 3.34 1960-04-01 3.30 1960-05-01 3.34 1960-06-01 3.33 1960-07-01 3.31 1960-08-01 3.10 1960-09-01 3.09 1960-10-01 3.20 1960-11-01 3.14 1960-12-01 3.12 1961-01-01 3.15 1961-02-01 3.14 1961-03-01 3.23 1961-04-01 3.27 1961-05-01 3.25 1961-06-01 3.35 1961-07-01 3.35 1961-08-01 3.33 1961-09-01 3.33 1961-10-01 3.28 1961-11-01 3.27 1961-12-01 3.32 1962-01-01 3.21 1962-02-01 3.08 1962-03-01 3.03 1962-04-01 2.98 1962-05-01 2.98 1962-06-01 3.06 1962-07-01 3.10 1962-08-01 3.10 1962-09-01 3.01 1962-10-01 2.94 1962-11-01 2.89 1962-12-01 2.93 1963-01-01 2.95 1963-02-01 2.99 1963-03-01 2.97 1963-04-01 2.97 1963-05-01 2.99 1963-06-01 3.09 1963-07-01 3.10 1963-08-01 3.09 1963-09-01 3.13 1963-10-01 3.15 1963-11-01 3.17 1963-12-01 3.12 1964-01-01 3.09 1964-02-01 3.08 1964-03-01 3.14 1964-04-01 3.12 1964-05-01 3.09 1964-06-01 3.10 1964-07-01 3.08 1964-08-01 3.08 1964-09-01 3.09 1964-10-01 3.11 1964-11-01 3.08 1964-12-01 3.01 1965-01-01 2.97 1965-02-01 2.97 1965-03-01 3.09 1965-04-01 3.09 1965-05-01 3.09 1965-06-01 3.15 1965-07-01 3.16 1965-08-01 3.16 1965-09-01 3.25 1965-10-01 3.31 1965-11-01 3.34 1965-12-01 3.39 1966-01-01 3.40