Search Results for: 10-year yield

Bull Market – U.S. Real GDP Growth vs. Real U.S. 10-Year Yields The equity bull market should continue until real bond yields are much closer to real GDP growth. Image: J.P. Morgan

S&P 500 Index Returns Under a Higher 10-Year Yield Historically, higher rates tend to be bullish for the S&P 500. Image: LPL Financial LLC

U.S. 10-Year Yields After Breaking to New 6-Month High Since 2000 Should investors expect higher U.S. 10-year Treasury yields on expectations that the U.S. economy’s recovery will lead to higher inflation? Image: Arbor Research & Trading LLC

Russell 2000/Nasdaq 100 and Real U.S. 10-Year Yields This chart highlights the current divergence between real U.S. 10-year yields and the Russell 2000 relative to the Nasdaq 100. Image: Morgan Stanley Research

Valuation – Real 10-Year Yield vs. S&P 500 PE on Trailing Operating EPS The S&P 500 P/E tends to rise when the real 10-year yield declines. A S&P 500 P/E of 26x and 2021 EPS of $148 suggest ~3,800 for the S&P 500. Image: Stifel

Valuation – Dividend Yield and U.S. 10-Year Yield The gap between dividend yields and bond yields is back to the levels last seen in the 1950s. Image: Goldman Sachs Global Investment Research

G10 10-Year Yield Forecasts Before the vaccine news, Goldman Sachs forecasted the U.S. 10-year Treasury yield at 0.75% by the end of 2020 and 1.30% by the end of 2021. Image: Goldman Sachs Global Investment Research

U.S. 10-Year Yield vs. GDP + CPI Model Fair Value Are higher Treasury yields coming, as suggested by this model? Image: TS Lombard

U.S. 10-Year Yields Around the End of the Recession The coronavirus pandemic has depressed the 10-year yield, leaving it stuck, even as the stock market rebounds. Image: J.P. Morgan

Gold Price vs. TIPS 10-Year Yield Falling gold prices could warn a bottom of U.S. real yields. Image: Goldman Sachs Global Investment Research