Performance – Banks vs. S&P 500 and U.S. 5-Year Treasury Yield
Performance – Banks vs. S&P 500 and U.S. 5-Year Treasury Yield BofA expects the S&P 500 to drop below 4,000 this year. Image: BofA Global Investment Strategy
Gold Price vs. U.S. 5-Year TIPS Yield
Gold Price vs. U.S. 5-Year TIPS Yield Generally, when the U.S. 5-year TIPS yield goes up, gold tends to go down. Image: The Daily Shot
Rates – Short Duration vs. Long Duration Indexed Relative to Basket Return and 5-Year, 5-Year Forward Real U.S. Treasury Yield
Rates – Short Duration vs. Long Duration Indexed Relative to Basket Return and 5-Year, 5-Year Forward Real U.S. Treasury Yield Short vs. long duration tends to track the path of U.S. rates. Image: Goldman Sachs Global Investment Research
S&P 500 and Euro Stoxx 50 – 5-Year Implied Dividend Yield
S&P 500 and Euro Stoxx 50 – 5-Year Implied Dividend Yield S&P 500 and Euro Stoxx 50 implied dividend yields remain very low. Image: Goldman Sachs Global Investment Research
Yield Curve – Difference 5-Year and 30-Year Treasury Yields
Yield Curve – Difference 5-Year and 30-Year Treasury Yields The yield curve steepens after the Fed pivot. Are Gold prices at risk? Image: Financial Times
Relative Performance of Bank Shares vs. Index and 5-Year Treasury Yield
Relative Performance of Bank Shares vs. Index and 5-Year Treasury Yield This chart suggests the relationship between interest rates and relative bank performance. Image: BofA Global Investment Strategy
5-Year TIPS Yield (U.S. Real Rates) vs. Gold
5-Year TIPS Yield (U.S. Real Rates) vs. Gold Generally, when the U.S. 5-year TIPS yield goes down, gold tends to up. Image: The Daily Shot
Chinese 5-Year Benchmark Yield Leads Global Manufacturing PMI
Chinese 5-Year Benchmark Yield Leads Global Manufacturing PMI Great chart suggesting that the Chinese 5-year benchmark yield leads global manufacturing PMI by 18 months. Image: Nordea and Macrobond
Greek’s 5-Year Bond Yields Have Fallen Below US 5-year Government Bond Yield
Greek’s 5-Year Bond Yields Have Fallen Below US 5-Year Government Bond Yield Which one would you choose? Greek bonds or US counterparts? This is a great example of financial market madness. Mark Twain once said, “History doesn’t repeat itself, but it does rhyme.” That’s true! Greece has spent around half its time in default on its…
US Long-Term Mortgage Rates Decline: 30-Year Average 4.10% & 15-Year Average 3.57%
US Long-Term Mortgage Rates Decline: 30-Year Average 4.10% & 15-Year Average 3.57% Why US long-term mortgage rates decline? Mortgage costs are influenced by the 10-year Treasury yield which was lower this week, because the trade war between the United States and China pushes investors moving money from stocks to bonds. Bond yields fall as prices rise.…