		(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
										2Y inflation	3Y inflation	5Y inflation	10Y inflation
VARIABLES	LABELS	Change in 2-year nominal instantaneous forward rate'	Change in 3-year nominal instantaneous forward rate'	Change in 5-year nominal instantaneous forward rate'	Change in 10-year nominal instantaneous forward rate'	Change in 2-year real instantaneous forward rate (TIPS)'	Change in 3-year real instantaneous forward rate (TIPS)'	Change in 5-year real instantaneous forward rate (TIPS)'	Change in 10-year real instantaneous forward rate (TIPS)'	constructed using NF - RF	constructed using NF - RF	constructed using NF - RF	constructed using NF - RF
													
DNF2	Change in 2-year nominal instantaneous forward rate'	.											
		(.)											
		. - .											
DNY2	Change in Zero-coupon 2-year nominal yield'	1.23	1.12	0.73	0.17	0.94	0.92	0.63	0.18	0.28	0.20	0.10	-0.01
		(0.08)	(0.13)	(0.16)	(0.11)	(0.13)	(0.17)	(0.17)	(0.12)	(0.09)	(0.08)	(0.08)	(0.08)
		1.07 - 1.38	0.86 - 1.39	0.41 - 1.04	-0.05 - 0.38	0.69 - 1.20	0.59 - 1.25	0.29 - 0.97	-0.06 - 0.42	0.10 - 0.46	0.03 - 0.37	-0.05 - 0.26	-0.17 - 0.15
DNF3	Change in 3-year nominal instantaneous forward rate'		.										
			(.)										
			. - .										
DNF5	Change in 5-year nominal instantaneous forward rate'			.									
				(.)									
				. - .									
DNF10	Change in 10-year nominal instantaneous forward rate'				.								
					(.)								
					. - .								
DRF2	Change in 2-year real instantaneous forward rate (TIPS)'					.							
						(.)							
						. - .							
DRF3	Change in 3-year real instantaneous forward rate (TIPS)'						.						
							(.)						
							. - .						
DRF5	Change in 5-year real instantaneous forward rate (TIPS)'							.					
								(.)					
								. - .					
DRF10	Change in 10-year real instantaneous forward rate (TIPS)'								.				
									(.)				
									. - .				
DIF2	2Y inflation, constructed using NF - RF									.			
										(.)			
										. - .			
DIF3	3Y inflation, constructed using NF - RF										.		
											(.)		
											. - .		
DIF5	5Y inflation, constructed using NF - RF											.	
												(.)	
												. - .	
DIF10	10Y inflation, constructed using NF - RF												.
													(.)
													. - .
Constant	Constant	0.00	-0.00	-0.00	0.00	-0.01	-0.01	-0.01	0.00	0.01	0.01	0.00	0.00
		(0.00)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.00)	(0.00)	(0.00)	(0.01)
		-0.01 - 0.01	-0.02 - 0.01	-0.02 - 0.02	-0.01 - 0.02	-0.02 - 0.00	-0.03 - 0.01	-0.02 - 0.01	-0.01 - 0.01	-0.00 - 0.02	0.00 - 0.02	-0.01 - 0.01	-0.01 - 0.01
													
Observations		74	74	74	74	74	74	74	74	74	74	74	74
R-squared		0.83	0.56	0.24	0.02	0.55	0.41	0.24	0.05	0.15	0.10	0.03	0.00
Robust standard errors in parentheses													
