## Figure 2-1d — Interest Rates, Term Spreads, and Volatility in Advanced Economies (dataset overview)

## Source details

**Canonical URL:** [Figure 2-1d — Interest Rates, Term Spreads, and Volatility in Advanced Economies (dataset overview)](https://www.imf.org/-/media/files/publications/gfsr/2017/april/figure2-1d.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2017/april/figure2-1d.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2017/april/figure2-1d.csv.json)

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### Dataset scope and structure
- Worksheet name: csv
- Row count: 2139
- Column count: 36
- Primary subject: "Figure 2.1. Interest Rates, Term Spreads, and Volatility in Advanced Economies"
- Column headings present in the top rows include:
  - "1. Real Short-Term Interest Rates" (Percent)
  - "2.  Selected Three-month Treasury Bills Yields" (Percent)
  - "3. Term Spreads" (Percent)
  - "4. Standard deviation of 10 Year Yields" (Units)
- Country-level series included in the header rows: "United States", "United Kingdom", "Germany", "Japan"
- Additional fields present in rows: date strings (e.g., "12/31/1999"), a text flag "In low-for-long period" or "Not in low-for-long period", and numerical series for volatility and spreads.

### Key variables and indicators (as labeled in the dataset)
- Real Short-Term Interest Rates (Percent) — by country (United States, United Kingdom, Germany, Japan)
- Selected Three-month Treasury Bills Yields (Percent) — date-stamped series (dates appear in MM/DD/YYYY format)
- Term Spreads (Percent) — by country
- Standard deviation of 10 Year Yields (Units) — by country
- Low-for-long period indicator (text flag) — appears in sample rows as "In low-for-long period" and "Not in low-for-long period"

### Sample rows and exact values (selected rows from the dataset sample)
- Row with year "1983":
  - United States real short-term rate: "5.78"
  - United Kingdom real short-term rate: "6.39"
  - Germany real short-term rate: "2.49"
  - Japan real short-term rate: "4.48"
  - Three-month Treasury Bills Yields date: "12/31/1999"
  - Three-month T-bill yields (United States): "5.17"
  - Three-month T-bill yields (United Kingdom): "5.69"
  - Three-month T-bill yields (Germany): "3.339"
  - Three-month T-bill yields (Japan): "0.08"
  - Term Spreads date: "12/31/1999"
  - Term Spreads (United States): "1.272"
  - Term Spreads (United Kingdom): "-0.21"
  - Term Spreads (Germany): "2.16"
  - Term Spreads (Japan): "1.565"
  - Low-for-long flag: "Not in low-for-long period"
  - Standard deviation of 10 Year Yields (United States): "1.099681462"
  - Standard deviation of 10 Year Yields (United Kingdom): "0.948427893"
  - Standard deviation of 10 Year Yields (Germany): "0.802690244"

- Row with year "1984":
  - United States real short-term rate: "5.53"
  - United Kingdom real short-term rate: "7.14"
  - Germany real short-term rate: "3.59"
  - Japan real short-term rate: "4.05"
  - Three-month Treasury Bills Yields date: "1/31/2000"
  - Three-month T-bill yields (United States): "5.53"
  - Three-month T-bill yields (United Kingdom): "5.97"
  - Three-month T-bill yields (Germany): "3.492"
  - Three-month T-bill yields (Japan): "0.055"
  - Term Spreads date: "1/31/2000"
  - Term Spreads (United States): "1.133"
  - Term Spreads (United Kingdom): "-0.223"
  - Term Spreads (Germany): "2.046"
  - Term Spreads (Japan): "1.655"
  - Low-for-long flag: "In low-for-long period"
  - Standard deviation of 10 Year Yields (United States): "0.156768367"
  - Standard deviation of 10 Year Yields (United Kingdom): "0.361527556"
  - Standard deviation of 10 Year Yields (Germany): "0.638360325"

- Row with year "1985":
  - United States real short-term rate: "4.20"
  - United Kingdom real short-term rate: "6.42"
  - Germany real short-term rate: "3.35"
  - Japan real short-term rate: "5.16"
  - Three-month Treasury Bills Yields date: "2/29/2000"
  - Three-month T-bill yields (United States): "5.62"
  - Three-month T-bill yields (United Kingdom): "6.02"
  - Three-month T-bill yields (Germany): "3.634"
  - Three-month T-bill yields (Japan): "0.04"
  - Term Spreads date: "2/29/2000"
  - Term Spreads (United States): "0.789"
  - Term Spreads (United Kingdom): "-0.562"
  - Term Spreads (Germany): "1.866"
  - Term Spreads (Japan): "1.795"

- Row with year "1986":
  - United States real short-term rate: "4.21"
  - United Kingdom real short-term rate: "7.37"
  - Germany real short-term rate: "4.72"
  - Japan real short-term rate: "3.86"
  - Three-month Treasury Bills Yields date: "3/31/2000"
  - Three-month T-bill yields (United States): "5.72"
  - Three-month T-bill yields (United Kingdom): "6.01"
  - Three-month T-bill yields (Germany): "3.831"
  - Three-month T-bill yields (Japan): "0.075"
  - Term Spreads date: "3/31/2000"
  - Term Spreads (United States): "0.289"
  - Term Spreads (United Kingdom): "-0.764"
  - Term Spreads (Germany): "1.386"
  - Term Spreads (Japan): "1.695"

- Row with year "1987":
  - United States real short-term rate: "2.38"
  - United Kingdom real short-term rate: "5.68"
  - Germany real short-term rate: "3.75"
  - Japan real short-term rate: "3.77"
  - Three-month Treasury Bills Yields date: "4/28/2000"
  - Three-month T-bill yields (United States): "5.66"
  - Three-month T-bill yields (United Kingdom): "6.1"
  - Three-month T-bill yields (Germany): "4.094"
  - Three-month T-bill yields (Japan): "0.045"
  - Term Spreads date: "4/28/2000"
  - Term Spreads (United States): "0.554"
  - Term Spreads (United Kingdom): "-0.881"
  - Term Spreads (Germany): "1.208"
  - Term Spreads (Japan): "1.715"

- Row with year "1988":
  - United States real short-term rate: "2.78"
  - United Kingdom real short-term rate: "5.74"
  - Germany real short-term rate: "5.34"
  - Japan real short-term rate: "3.53"
  - Three-month Treasury Bills Yields date: "5/31/2000"
  - Three-month T-bill yields (United States): "5.48"
  - Three-month T-bill yields (United Kingdom): "6.09"
  - Three-month T-bill yields (Germany): "4.453"
  - Three-month T-bill yields (Japan): "0.03"
  - Term Spreads date: "5/31/2000"
  - Term Spreads (United States): "0.798"
  - Term Spreads (United Kingdom): "-0.907"
  - Term Spreads (Germany): "0.755"
  - Term Spreads (Japan): "1.6"

### Notes for users of the dataset
- Date strings for the three-month Treasury Bills Yields and Term Spreads appear in MM/DD/YYYY format in the sample rows (e.g., "12/31/1999", "1/31/2000", "2/29/2000").
- The dataset contains a textual indicator for whether an observation falls "In low-for-long period" or "Not in low-for-long period".
- Numeric precision is preserved in the source (see values such as "1.099681462", "0.802690244", "3.339").

*Source: figure2-1d (csv worksheet from the provided dataset)*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2017/april/figure2-1d.csv_