Valuation Percentile - Shiller P/E and U.S. 10-Year Yield

The Shiller P/E says US equities are expensive. The 10‑year U.S. Treasury yield, by comparison, is back around its historical average. Is it time to favor bonds over equities?

Image: Goldman Sachs Global Investment Research

Valuation Percentile - Shiller P/E and U.S. 10-Year Yield