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-   -   Moody's Rate for Nov 2006 (http://www.actuarialoutpost.com/actuarial_discussion_forum/showthread.php?t=102583)

Milkman 02-12-2007 08:51 AM

Moody's Rate for Nov 2006
 
Does anybody know what the Moody's Rate (monthly average of the composite yield on seasoned corporate bonds) was for November 2006?

I have the October 2006 (5.97%), December 2006 (5.79%) and January 2007 (5.92%) rates, but I am missing the November 2006 rate.

KRWarner 02-12-2007 10:05 AM

I am not sure if this is the same data you are getting your other numbers from. Those look to be some sort of average of the Aaa and Baa.

This link is to the Frederal Reserve website. It might give you what you are looking for. Towards the bottom is the Corporate Seasoned

http://www.federalreserve.gov/releases/H15/data.htm

1695814 02-12-2007 11:00 AM

I can go all the way back to 04/01/1990 if you'd like...:popcorn:

Recent Moody's Corporate Average Yields
http://www.naic.org/research_moody.htm
01/01/2006 5.75%
02/01/2006 5.80%
03/01/2006 5.96%
04/01/2006 6.26%
05/01/2006 6.36%
06/01/2006 6.35%
07/01/2006 6.33%
08/01/2006 6.16%
09/01/2006 5.98%
10/01/2006 5.97%
11/01/2006 5.78%
12/01/2006 5.79%
01/01/2007 5.92%

Ranger 02-12-2007 02:14 PM

1990 is impressive - but I can go back to 1/1/1987.

.... has it really gotten that bad.... I'm now reduced to bragging about how far back I have the Moody's Corporate Average Yields.

Milkman 02-12-2007 03:40 PM

Thanks so much for the information!

The only site that I know of that has the Moody's rates is the NAIC site, and it only has the two most recent months, so if I happen not to check for a couple months, I can miss out. Is there any other source with a complete listing?

anon3 02-12-2007 06:01 PM

I have a few wholes in my listing. I'm missing the 2nd half of 2005. Can either 169 or Ranger fill in my gaps?

1695814 02-13-2007 10:56 AM

Here's what I have for 2005:
01/01/2005 5.72%
02/01/2005 5.55%
03/01/2005 5.77%
04/01/2005 5.65%
05/01/2005 5.54%
06/01/2005 5.35%
07/01/2005 5.46%
08/01/2005 5.49%
09/01/2005 5.53%
10/01/2005 5.77%
11/01/2005 5.86%
12/01/2005 5.81%

Ranger, do you concur?

Ranger 02-14-2007 02:51 PM

looks good to me.

169, any interest in my 1988-1990 rates (I'm not coughing up my 1987 rates easily)

kazh 02-14-2007 03:32 PM

It's ironic -- industry actuaries are expected to know the maximum valuation and nonforfeiture rates, and therefore must keep up with Moody's (e.g., via the NAIC), while most state insurance departments don't. When the dynamic formula was adopted in the 1980 amendments, states that adopted the law could not generally tell you what the rates were. Now there are a few states that calculate maximum rates, but most still don't, and have to rely on others for the info.

Ranger 02-15-2007 11:40 AM

ironic, yes
surprising, no


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