Earnings Price Yield for S&P 500 Minus Maturity of 10-Year Treasuries

Earnings Price Yield for S&P 500 Minus Maturity of 10-Year Treasuries This chart suggests that equities are more attractive relative to fixed income. But the equity risk does not disappear because the spread (earnings yield minus Treasury yield) is positive. Image: Bhirud Associates

Cumulative Weekly Fund Flows

Cumulative Weekly Fund Flows In terms of fund flows, this chart highlights the decade of fixed income. Image: BofA Global Research

BBB Debt by Sector in the U.S.

BBB Debt by Sector in the U.S. By sector in the U.S., financial institutions have the largest amount of ‘BBB’ debt: $744 billion. That’s 53% of investment-grade bonds in the United States. You may also like “The U.S. Corporate Bond Debt Rated ‘BBB’ Exceeds $3 trillion.”  Image: S&P Global Fixed Income Research