30-Year U.S. Treasury Total Return Index Over the past four years, 30-year U.S. Treasury bonds have experienced their worst loss in over a century, with a decline of 54% in total return. Image: BofA Global Investment Strategy
U.S. 30-Year Government Bond Returns The 30-year U.S. Treasury bond is currently experiencing a challenging period in terms of its annual return, as it is on track for the 3rd worst annual return since 1919. Image: BofA Global Investment Strategy
U.S. 30-Year Treasury Returns After Last Rate Hike The U.S. 30-year Treasury tends to outperform in the three and six months following the last Fed rate hike. Image: BofA Global Investment Strategy
U.S. ISM Manufacturing Index vs. U.S. 30-Year Mortgage Rate YoY Change The U.S. 30-year mortgage rate YoY change tends to lead the U.S. ISM Manufacturing Index by 19 months. Image: UnderOrion and Macrobond
U.S. 30-Year Government Bond Yield How high will 30-year U.S. Treasury yields rise? Image: The Daily Shot
Yield Curve – U.S. 30-Year – 2-Year Government Bond Spread The 30Y-2Y inverted yield curve does not bode well for the U.S. economy. Image: The Daily Shot
Tech Stocks – U.S. 30-Year Yield and META Some tech stocks tend to be a simple derivative of interest rates Image: BofA Global Investment Strategy
Mortgage Rates – Bankrate 30-Year Mortgage Rate Historically, rising mortgage rates tend to cool the real estate market. Image: BofA Global Research
Recession – U.S. Real Residential Investment vs. U.S. 30-Year Mortage Rate Is a recession in U.S. real residential investment inevitable? Image: Quill Intelligence, LLC
Performance – COVID-19 Reopening vs. Lockdown Portfolio and U.S. 30-Year Treasury Yield BofA expects 30-year U.S. Treasury yields to rise and the “reopening portfolio” to fall. Image: BofA Global Investment Strategy