I believe the SEC has stated that corporate pension plans can benchmark from Moody's Aa bond yields in setting discount rates under FAS 87. The Moody’s Aa rate was 6.01% as of 12/31/2003. I think the rate was 5.84% as of 11/30/2004. Does anyone know when or where the 12/31/2004 Aa rate will be published? I do have sites for the Aaa and Ba rates, but not the Aa.

Thanks.

12/31/04 Industrial
Aaa 5.43%
Aa 5.56
A 5.66

12/31/04 Corporate
Aaa 5.43%
Aa 5.66
A 5.77

12/31/04 Utilities
Aaa n/a
Aa 5.75
A 5.88

Thanks, pax. If the Aa long-term corporate rate was 6.01% as of 12/31/03, that means a decline of 35 basis points over the year. This would imply the SEC would be looking for at least a quarter percent decline in the FAS 87 discount rate for 2005. Right?

Maybe. What really counts is whether the rate is reasonable now, not whether it is consistent with last year's rate (which may not have been reasonable at the time).

January 31, 2005

Moody’s Bond rates
Utilities Industrial Corporate
Aaa NA* 5.22 5.22
Aa 5.58 5.36 5.47
A 5.65 5.44 5.55
Baa 5.82 5.96 5.89
Avg 5.68 5.50 5.59

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 3.41
Medium-Term (5-10 yrs): 3.89
Long-Term (10+ yrs): 4.52

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 255.6
Yield: 3.93
New Dividend: 10.03

February 28, 2005:

Moody’s Bond rates
Utilities Industrial Corporate
Aaa NA, 5.35, 5.35
Aa 5.69, 5.48, 5.59
A 5.76, 5.56, 5.66
Baa 5.91, 5.98, 5.95
Avg 5.79, 5.59, 5.69

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 3.85
Medium-Term (5-10 yrs): 4.25
Long-Term (10+ yrs): 4.70

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 260.8
Yield: 3.89
New Dividend: 10.13

March 31, 2005

MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES
Utilities Industrial Corporate
Aaa NA* 5.40 5.40
Aa 5.79 5.42 5.61
A 5.75 5.62 5.69
Baa 6.04 6.23 6.14
Avg 5.86 5.67 5.77

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 4.03
Medium-Term (5-10 yrs): 4.39
Long-Term (10+ yrs): 4.81

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 261.0
Yield: 3.86
New Dividend: 10.08

April 29, 2005 (Friday)
MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES
Utilities Industrial Corporate
Aaa NA* 5.21 5.21
Aa 5.43 5.18 5.31
A 5.54 5.44 5.49
Baa 5.86 6.07 5.97
Avg 5.61 5.48 5.55

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 3.78
Medium-Term (5-10 yrs): 4.07
Long-Term (10+ yrs): 4.53

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 269.6
Yield: 3.76
New Dividend: 10.14

May 31, 2005
MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES

Utilities Industrial Corporate
Aaa NA* 5.02 5.02
Aa 5.25 5.05 5.15
A 5.41 5.32 5.37
Baa 5.75 6.05 5.90
Avg 5.47 5.36 5.42

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 3.66
Medium-Term (5-10 yrs): 3.88
Long-Term (10+ yrs): 4.32

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 267.1
Yield: 3.78
New Dividend: 10.10

Just in case you had not noticed, on June 6, 2005, the Moody's Aa rates dropped below 5%:

MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES
Utilities Industrial Corporate
Aaa NA* 4.92 4.92
Aa 4.99 4.95 4.97
A 5.35 5.21 5.28
Baa 5.63 5.93 5.78
Avg 5.32 5.25 5.29

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 3.64
Medium-Term (5-10 yrs): 3.83
Long-Term (10+ yrs): 4.25

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 270.1
Yield: 3.74
New Dividend: 10.10

This link was provided by LIBOR. It's a history of Moody's Aa month end closing corporate rates provided by the SOA. There's a Content Agreement page where you have to click "AGREE" before the EXCEL file is displayed. Thanks LIBOR!

http://www.soa.org/ccm/content/areas-of-pr...fits-actuaries/

That link has been included in several prior posts, but it is not necessarily updated as soon as possible. It also shows only one month-end rate.

The SOA page doesn't appear to have been updated since 10/31/05. Any idea why?

Does anyone have the 12/1/05 rate?

It was updated Monday 12/12/05:

11/30/2005 5.53

11/30/05

MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES

Utilities Industrial Corporate
Aaa NA* 5.42 5.42
Aa 5.57 5.48 5.53
A 5.85 5.77 5.81
Baa 6.18 6.57 6.38
Avg 5.87 5.81 5.84

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 4.40
Medium-Term (5-10 yrs): 4.49
Long-Term (10+ yrs): 4.76

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 281.7
Yield: 3.81
New Dividend: 10.72

12/30/2005
MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES

Utilities Industrial Corporate
Aaa NA* 5.26 5.26
Aa 5.46 5.35 5.41
A 5.69 5.78 5.74
Baa 6.03 6.38 6.21
Avg 5.73 5.69 5.71

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 4.36
Medium-Term (5-10 yrs): 4.38
Long-Term (10+ yrs): 4.58

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 285.9
Yield: 3.75
New Dividend: 10.72

01/31/2006
MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES
Utilities Industrial Corporate
Aaa NA* 5.39 5.39
Aa 5.59 5.50 5.55
A 5.84 5.92 5.88
Baa 6.15 6.46 6.31
Avg 5.86 5.82 5.84

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 4.48
Medium-Term (5-10 yrs): 4.53
Long-Term (10+ yrs): 4.71

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 293.0
Yield: 3.69
New Dividend: 10.81

March 31, 2006
MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES

Utilities Industrial Corporate
Aaa NA* 5.67 5.67
Aa 5.87 5.81 5.84
A 6.14 6.13 6.14
Baa 6.40 6.70 6.55
Avg 6.14 6.08 6.11

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 4.80
Medium-Term (5-10 yrs): 4.86
Long-Term (10+ yrs): 5.04

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 277.5
Yield: 3.82
New Dividend: 10.60

April 28, 2006
MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES

Utilities Industrial Corporate
Aaa NA* 5.95 5.95
Aa 6.12 608 6.10
A 6.37 6.33 6.35
Baa 6.61 6.86 6.74
Avg 6.37 6.31 6.34

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 4.87
Medium-Term (5-10 yrs): 5.00
Long-Term (10+ yrs): 5.27

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 274.2
Yield: 3.84
New Dividend: 10.52

All those in favor of changing the name of this post?

I vote to call it MOODY'S LONG-TERM CORPORATE BOND YIELD AVERAGES as of month-end

May 31, 2006
MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES

Utilities Industrial Corporate
Aaa NA* 5.95 5.95
Aa 6.21 6.11 6.16
A 6.43 6.39 6.41
Baa 6.62 6.94 6.78
Avg 6.42 6.35 6.39

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 5.00
Medium-Term (5-10 yrs): 5.09
Long-Term (10+ yrs): 5.32

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 278.4
Yield: 3.79
New Dividend: 10.56

June 29, 2006
MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES
Utilities Industrial Corporate
Aaa NA* 5.98 5.98
Aa 6.26 6.15 6.21
A 6.51 6.48 6.50
Baa 6.75 7.06 6.91
Avg 6.51 6.42 6.47

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 5.14
Medium-Term (5-10 yrs): 5.19
Long-Term (10+ yrs): 5.36

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 285.2
Yield: 3.72
New Dividend: 10.60

To the best of my knowledge, Moody's never posted any June 30, 2006 information. If you have information otherwise, please post.

July 31, 2006
MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES

Utilities Industrial Corporate
Aaa NA* 5.79 5.79
Aa 6.08 5.95 6.02
A 6.29 6.27 6.28
Baa 6.52 6.82 6.67
Avg 6.30 6.21 6.26

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 4.89
Medium-Term (5-10 yrs): 4.94
Long-Term (10+ yrs): 5.14

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 298.3
Yield: 3.56
New Dividend: 10.61

Here's a business idea, Pax. Maybe you should make the updated rates available on your website, and give us a link to them. Then you can drive people to your website, maybe drumming up some business. We used to be able to look rates up on the Gabriel, Roeder Smith website, but they don't update regularly like they used to.

August 31, 2006

MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES
Utilities Industrial Corporate
Aaa NA* 5.54 5.54
Aa 5.84 5.70 5.77
A 6.07 6.06 6.07
Baa 6.31 6.63 6.47
Avg 6.07 5.98 6.03

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 4.66
Medium-Term (5-10 yrs): 4.72
Long-Term (10+ yrs): 4.92

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 314.1
Yield: 3.51
New Dividend: 11.03

September 29, 2006
MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES

Utilities Industrial Corporate
Aaa NA* 5.42 5.42
Aa 5.72 5.59 5.66
A 5.90 5.83 5.87
Baa 6.17 6.54 6.36
Avg 5.93 5.85 5.89

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 4.56
Medium-Term (5-10 yrs): 4.61
Long-Term (10+ yrs): 4.80

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 307.2
Yield: 3.60
New Dividend: 11.06

October 31, 2006

MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES
Utilities Industrial Corporate
Aaa NA* 5.39 5.39
Aa 5.64 5.55 5.60
A 5.84 5.76 5.80
Baa 6.09 6.40 6.25
Avg 5.86 5.78 5.82

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 4.54
Medium-Term (5-10 yrs): 4.58
Long-Term (10+ yrs): 4.77

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 321.2
Yield: 3.45
New Dividend: 11.10

November 30, 2006

MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES
Utilities Industrial Corporate
Aaa NA* 5.20 5.20
Aa 5.50 5.41 5.46
A 5.68 5.62 5.65
Baa 5.93 6.26 6.10
Avg 5.70 5.62 5.66

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 4.42
Medium-Term (5-10 yrs): 4.44
Long-Term (10+ yrs): 4.63

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 324.2
Yield: 3.43
New Dividend: 11.13

December 29, 2006 (Friday)

MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES
Utilities Industrial Corporate
Aaa NA* 5.46 5.46
Aa 5.75 5.68 5.72
A 5.95 5.89 5.92
Baa 6.18 6.51 6.35
Avg 5.96 5.89 5.93

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 4.67
Medium-Term (5-10 yrs): 4.69
Long-Term (10+ yrs): 4.87

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 326.2
Yield: 3.47
New Dividend: 11.31

January 31, 2007

MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES
Utilities Industrial Corporate
Aaa NA* 5.48 5.48
Aa 5.83 5.81 5.82
A 6.01 5.97 5.99
Baa 6.22 6.57 6.40
Avg 6.02 5.96 5.99

MOODY'S DAILY TREASURY YIELD AVERAGES
Short-Term (3-5 yrs): 4.80
Medium-Term (5-10 yrs): 4.81
Long-Term (10+ yrs): 4.98

MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES
Price: 308.0
Yield: 3.52
New Dividend: 10.85

February 28, 2007

Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 5.25 5.25
Aa 5.61 5.58 5.60
A 5.78 5.73 5.76
Baa 6.01 6.31 6.16
Avg 5.80 5.72 5.69

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 4.47
Medium-Term (5-10 yrs) 4.53
Long-Term (10+ yrs) 4.73

Moody's Daily Public Utility Common Stock Yield Averages
Price 323.76
Yield 3.37
New Dividend 10.90

Here are some excellent references, courtesy of Rich Groszkiewicz at the COPA PPA seminar
last Friday. For future events see collegeofpensionactuaries.org.

Daily Treasury Yield Curve Rates
http://www.treas.gov/offices/domestic-fina...ate/yield.shtml

Daily Treasury Real Yield Curve Rates
http://www.treas.gov/offices/domestic-fina...eal_yield.shtml
http://www.treas.gov/offices/domestic-fina...ieldmethod.html

We are still waiting for Treasury to determine the corporate yield curve for PPA.

March 30, 2007
Moody's Daily Long-term Corporate Bond Yield Averages

Utilities Industrial Corporate
Aaa NA 5.43 5.43
Aa 5.80 5.83 5.82
A 5.97 6.00 5.99
Baa 6.25 6.54 6.40
Avg 6.01 5.95 5.98

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 4.50
Medium-Term (5-10 yrs) 4.60
Long-Term (10+ yrs) 4.87

May 31, 2007
Moody's Daily Long-term Corporate Bond Yield Averages

Utilities Industrial Corporate
Aaa NA 5.57 5.57
Aa 5.97 5.96 5.97
A 6.10 6.15 6.13
Baa 6.35 6.65 6.50
Avg 6.14 6.08 6.11

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 4.81
Medium-Term (5-10 yrs) 4.87
Long-Term (10+ yrs) 5.07

June 29, 2007
Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 5.73 5.73
Aa 6.12 6.08 6.10
A 6.24 6.30 6.27
Baa 6.46 6.78 6.62
Avg 6.27 6.22 6.25

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 4.86
Medium-Term (5-10 yrs) 4.98
Long-Term (10+ yrs) 5.19

July 31, 2007
Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 5.62 5.62
Aa 6.03 5.98 6.01
A 6.18 6.34 6.26
Baa 6.46 6.80 6.63
Avg 6.22 6.19 6.21

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 4.53
Medium-Term (5-10 yrs) 4.71
Long-Term (10+ yrs) 4.97

The SOA has the corporate rate on its site available (the link listed earlier is no longer in use).
Moody's Rates

It provides...

Moody's® Long-Term Corporate Bond Yield
Month End Close
AA Bond Rating
Based on Bonds with maturities 20 years and above
Yield as of the last business day of the month

Also, note that link has only one rate: the Aa rate on Corporate bonds. If you need the rate on Utility or Industrial bonds, you must use a different source of information.

Data as of 28-SEP-07
Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 5.76 5.76
Aa 6.12 5.94 6.03
A 6.22 6.26 6.24
Baa 6.45 6.73 6.59
Avg 6.26 6.17 6.22

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 4.08
Medium-Term (5-10 yrs) 4.44
Long-Term (10+ yrs) 4.84

Data as of 31-OCT-07
Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 5.62 5.62
Aa 6.01 5.82 5.92
A 6.07 6.07 6.07
Baa 6.36 6.57 6.47
Avg 6.15 6.02 6.09

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 4.00
Medium-Term (5-10 yrs) 4.34
Long-Term (10+ yrs) 4.74

Data as of 30-NOV-07
Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 5.34 5.34
Aa 5.85 5.66 5.76
A 6.00 5.98 5.99
Baa 6.34 6.54 6.44
Avg 6.06 5.88 5.97

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 3.22
Medium-Term (5-10 yrs) 3.79
Long-Term (10+ yrs) 4.36

Data as of 31-DEC-07
Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 5.41 5.41
Aa 5.93 5.67 5.80
A 6.07 6.14 6.11
Baa 6.43 6.68 6.56
Avg 6.14 5.97 6.06

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 3.23
Medium-Term (5-10 yrs) 3.81
Long-Term (10+ yrs) 4.43

Daily Bond Yields and Key Indicators
Data as of 31-JAN-08

Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 5.38 5.38
Aa 5.90 5.75 5.83
A 6.07 6.16 6.12
Baa 6.40 6.85 6.63
Avg 6.12 6.03 6.08

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 2.48
Medium-Term (5-10 yrs) 3.32
Long-Term (10+ yrs) 4.20

Daily Bond Yields and Key Indicators

Data as of 29-FEB-08
Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 5.42 5.42
Aa 5.93 5.79 5.86
A 6.09 6.20 6.15
Baa 6.51 6.99 6.75
Avg 6.18 6.10 6.14

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 2.07
Medium-Term (5-10 yrs) 3.11
Long-Term (10+ yrs) 4.18

Data as of 31-MAR-08
Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 5.48 5.48
Aa 5.94 5.76 5.85
A 6.20 6.23 6.22
Baa 6.74 7.06 6.90
Avg 6.29 6.13 6.21

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 1.99
Medium-Term (5-10 yrs) 2.97
Long-Term (10+ yrs) 4.13

Data as of 30-APR-08
Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 5.51 5.51
Aa 5.92 5.84 5.88
A 6.22 6.27 6.25
Baa 6.74 7.00 6.87
Avg 6.29 6.16 6.23

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 2.60
Medium-Term (5-10 yrs) 3.41
Long-Term (10+ yrs) 4.36

Data as of 30-MAY-08
Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 5.67 5.67
Aa 6.18 6.07 6.13
A 6.36 6.46 6.41
Baa 6.93 7.18 7.06
Avg 6.49 6.35 6.42

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 3.04
Medium-Term (5-10 yrs) 3.76
Long-Term (10+ yrs) 4.59

Data as of 30-JUN-08
Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 5.60 5.60
Aa 6.10 5.89 6.00
A 6.32 6.41 6.37
Baa 6.87 7.21 7.04
Avg 6.43 6.28 6.36

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 2.96
Medium-Term (5-10 yrs) 3.67
Long-Term (10+ yrs) 4.47

Data as of 31-JUL-08
Moody's Daily Long-term Corporate Bond Yield Averages
Utilities Industrial Corporate
Aaa NA 5.73 5.73
Aa 6.16 6.02 6.09
A 6.44 6.61 6.53
Baa 7.03 7.38 7.21
Avg 6.54 6.44 6.49

Moody's Daily Treasury Yield Averages
Short-Term (3-5 yrs) 2.86
Medium-Term (5-10 yrs) 3.61
Long-Term (10+ yrs) 4.51