Yield Spread (Baa Bonds – Utility Dividends)
Yield Spread (Baa Bonds – Utility Dividends) Chart suggesting that utilities are cheap relative to Baa bonds. Image: Morgan Stanley
Yield Spread (Baa Bonds – Utility Dividends)
Yield Spread (Baa Bonds – Utility Dividends) This interesting chart suggests that utilities are currently cheap. Image: Morgan Stanley Research
U.S. Private Sector Yield Curve
U.S. Private Sector Yield Curve Currently, the U.S. private sector yield curve (20-year Baa bonds/bank prime rate) is the most inverted since October 2007. Image: GnS Economics