Null  Hypothesis: DYIELD has a unit root

Exogenous:  None

Lag  Length: 0 (Automatic based on SIC, MAXLAG=12)

t-Statistic

  Prob.*

Augmented Dickey-Fuller  test statistic

-4.589413

0.0000

Test  critical values:

1% level

-2.584055

5% level

-1.943471

10% level

-1.614984

*MacKinnon  (1996) one-sided p-values.

Augmented  Dickey-Fuller Test Equation

Dependent Variable:  D(DYIELD)

Method:  Least Squares

Date:  03/11/15   Time: 12:36

Sample  (adjusted): 2005M02 2015M03

Included  observations: 122 after adjustments

Variable

Coefficient

Std. Error

t-Statistic

Prob.  

DYIELD(-1)

-0.296558

0.064618

-4.589413

0.0000

R-squared

0.148263

    Mean dependent var

1.64E-06

Adjusted  R-squared

0.148263

    S.D. dependent var

0.001775

S.E. of  regression

0.001638

    Akaike info criterion

-9.982835

Sum  squared resid

0.000325

    Schwarz criterion

-9.959851

Log  likelihood

609.9529

    Durbin-Watson stat

1.884069