The Shiller interest rate numbers are monthly. Values after 1953 are from FRED maybe. Values before 1953 are calculated from annual numbers. Before 1953 the file contains numbers for January of each year, and calculated values for February thru December of each year. These calculated values produce straight lines from January to January, up until 1953:
| Graph #1: Shiller Monthlies |
The graph below uses only the January values from the same Shiller data:
| Graph #2: Shiller Januaries |
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