Tables A-1 and A-2 explain how data are derived from futures prices. Panels are based on the following periods: 6/10/88-11/9/88, 1/22/92-11/4/92, 6/21/94-11/9/94, 1/2/96-11/6/96, 2/3/9811/4/98, 1/3/00-11/10/00, 7/20/02-11/6/02. These periods start on the first day in which at least one bond futures price and one election futures contract price are observed within the year of the election and th...