Search Results for: U.S.

Yields and Breakeven Inflation on 10-Year U.S. Treasuries Breakeven inflation seems to have peaked. Image: Gavekal, Macrobond

Inflation – U.S. Headline CPI Expectation for the Next Five Years Market expectations for inflation for the next 5 years continue to fall, as investors see transitory inflation. Image: Arbor Research & Trading LLC

Correlation – CCC vs. BBB-rated U.S. Corporate Bonds Investors rush into junk bonds. Is it time to worry? Image: Arbor Research & Trading LLC

Valuation – U.S. 10-Year Real Yields and S&P 500 12-Month Forward P/E U.S. 10-year real yields help explain the stock market valuation. UBS targets 4400 for the S&P 500 for 2021. Image: UBS

U.S. Transitory Inflation Meter Is U.S. inflation transitory? BofA expects core PCE inflation will settle down to 2.1% by the end of 2022. Image: BofA Global Research

The Conference Board Leading Economic Index (LEI) for the U.S. The U.S. LEI increased by 1.3% in May, suggesting the economy’s upward trend is expected to continue in the near term. Image: The Conference Board

Treasury Market – U.S. 10-Year Nominal Treasury Yields and 10-Year Breakevens Have growth and inflation peaked? Image: Morgan Stanley Research

U.S. CPI Inflation vs. U.S. 10-Year Bond Yield This chart shows the impact of inflation on bonds. Historically, higher inflation is matched by higher bond yields. Image: Goldman Sachs Global Investment Research

Fed – Policymaker’s Projections for the Midpoint of U.S. Interest Rates The Fed forecasts first rate hikes in 2023. Image: Financial Times

Aggregated U.S. Equity Futures Positions vs. ISM Manufacturing The correlation between aggregated U.S. equity futures positions and ISM manufacturing remains quite strong. Image: Deutsche Bank Asset Allocation