Market Data: Week Ending December 19, 2014

Market Index	12/31/   2013	12/19/   2014	Week Change	Simple YTD
Dow Industrials Avg	16,576.66	17,804.80	2.94%	7.41%
S&P 500 Index	1,848.36	2,070.65	3.30%	12.03%
Fed Funds Rate	0.08%	0.13%	0.02%	62.50%
10 yr T-note Yld	3.04%	2.17%	0.07%	-28.62%
5 yr T-note Yld	1.75%	1.66%	0.13%	-5.14%
5 yr TIPS - 'Real' Yld	0.07%	0.35%	0.23%	-400.00%
Implied 5 yr Inflation %	1.68%	1.31%	-0.10%	-22.02%
2 yr T-note Yld	0.38%	0.67%	0.11%	76.32%
2-10 Yr Slope	2.66%	1.50%	-0.04%	-43.61%
90 day T-bill Yld	0.07%	0.04%	0.02%	-42.86%
Gold ($/oz)	$1,204.80	$1,194.50	-$27.60	-0.85%
WTI Oil ($/brl)	$98.70	$56.91	-$0.58	-42.34%
VIX "Worry Index"	13.72	16.49	-4.59	20.19%
Credit Spreads	12/31/   2013	12/19/   2014	Week Change	Simple YTD
Inv Grade Credit Idx	3.87%	3.73%	0.16%	-3.62%
High Yield Credit Idx	5.95%	7.17%	0.35%	20.50%
Markit CDX No Am Inv Grade	62	65	-4.00	3.00
Markit CDX No Am HiVol	135	0	0.00	-135.00
High Yield to 10 yr T-Note Spread	291	500	28.00	209.00