macro announcement impact on yield curve

[Letizia]

Hi All,

I am trying to estimate the impact that macro announcement have on the yield curve. At present I have an Eviews workfile in panel data format.
Data: daily data from 2003 to 2014 for both Economic surprise index and yields. The excel file imported in Eviews is structured such as I have copied 3 times the dates in column A, 3 times the ESI (economic surprise index) and next to each bond yields for maturity 3 months, 5 years and 10 years.

I would like to try and enter in Eviews following equation:
ESI = β yield it + μ1D1 + μ2D2 + μ3D3 + vit

where the errors have been broken down in Uit = μi + vit such as μ is the individual specific effect and v is the remainder disturbance.

Does anyone have any idea of how can I write the above in eviews? (I am using Eviews 8 - student version)

Thank you in advance,
Letizia

[Letizia]

Additional issue and this is for dissertation with deadline very soon - ANY help at all however small would TRULY be appreciated. I am covered in manuals and I can't find the answer on whether my model is set up correct (I don't think so but I can't find the error) and how to input the equation.

When I do the Haussman test and estimate equation: ESI C YIELD I get the result attached.

Could anyone explain me why:
1) the sum of R squared is so high?
2) I get the same result of 0.000853 for both fixed and random?

Can anyone more expert than me see what am I doing wrong?

Thank you in advance!
Letizia