ISM YoY and U.S. 2+10-Year Bond Yield YoY (Leading Indicator)

ISM YoY and U.S. 2+10-Year Bond Yield YoY (Leading Indicator) The U.S. 2+10-year bond yield YoY (inverted) tends to lead the ISM YoY by 18 months, suggesting that the growth momentum is expected to continue until August 2021. Image: Nordea and Macrobond

S&P 500 Correlation with Bond Yields

S&P 500 Correlation with Bond Yields The S&P 500 and U.S. 10-year breakeven inflation have been very positively correlated. Image: Goldman Sachs Global Investment Research