Search Results for: spread

U.S. Equity Implied Volatility and Credit High Yield Spreads U.S. equity implied volatility remains at relatively high levels. Image: Goldman Sachs Global Investment Research

U.S. Cycle – Spread Between Conference Board Consumer Confidence and UMich Surveys Morgan Stanley expects a “mid-cycle transition”, with a 10%-plus correction for the U.S. stock market. Image: Morgan Stanley Research

Euro to U.S. Dollar (EUR/USD) and Real 5y5y Swap Spread (EUR – USD) – Leading Indicator The real 5y5y swap spread (EUR – USD) tends to lead EUR/USD by 9 months. Image: Nordea and Macrobond

AAII U.S. Investor Sentiment Bull – Bear Spread The AAII U.S. investor sentiment bull – bear spread has turned negative. Image: The Daily Shot

U.S. Dollar and Federal Reserve – ECB Shadow Rate Spread Is the U.S. dollar finding a support, as it tends to track the Fed – ECB shadow rate spread? Image: Arbor Research & Trading LLC

Stock Correlations with Treasury Yields and HY Spreads The correlation between stocks and Treasury yields has broken down since the Pfizer/BioNTech vaccine announcement, while the relationship with HY spreads has remained stable. Image: Credit Suisse

Asia/U.S. High Yield Bond Spread Asian junk bonds look attractive relative to U.S. junk bonds. Image: Morgan Stanley Wealth Management

ISM Manufacturing Index vs. U.S. HY – IG Spread As the U.S. ISM Manufacturing Index appears to have peaked, should investors position their portfolios for coming flight-to-quality? Image: BofA Global Investment Strategy

U.S. High Yield Corporate Bond Spreads Credit spreads in U.S. high-yield bonds have collapsed. Can high yield spreads only increase from current levels? Image: Topdown Charts

Historical CCC Junk Bond Spreads CCC junk bond spreads are at lowest levels since 2007, thanks to the Fed’s low-rate policies. Image: BofA Global Investment Strategy