Stock Correlations with Treasury Yields and HY Spreads

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

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

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

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

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