Holdings of U.S. Treasuries as Percent of Treasury Debt Outstanding U.S. domestic investors are buying a lot of U.S. Treasuries, while foreign demand is weakening. Image: Deutsche Bank Global Research
U.S. Treasuries Volatility Curve Short-term periods of inversion have been followed by higher U.S. Treasuries yields and tighter credit spreads. Image: Arbor Research & Trading LLC
Volatility – Bond Proxies and Long-End Treasuries Bond proxies are less attached to Fed policy. This chart shows that the implied volatility of bond proxies is disconnected from long-end Treasuries. Image: Arbor Research & Trading LLC
S&P 500 vs. U.S. Treasuries Despite its all-time high, the S&P 500 is below the Bloomberg Barclays U.S. Treasury Index. Picture Source: Bloomberg
Correlation Between S&P 500 and U.S. Treasuries This chart shows the correlation between stocks and bonds, which could affect a balanced 60/40 portfolio. Image: Arbor Research & Trading LLC
Gold, U.S. Dollar, 10-Year Treasuries Bonds around 10% S&P 500 Declines The chart shows the average performances of gold, U.S. dollar, 10-year Treasury bonds, around S&P 500 corrections of -10% or more since 1976. Image: Wells Fargo Investment Institute
S&P 500 Stocks with Dividend Yields Above 30-Year Treasury Yield Yields on U.S. equities seem competitive vs. U.S. Treasuries, but equity risk does not disappear because a company pays a dividend. Image: Legg Mason
Treasury Holdings: Who Are the Major Foreign Holders of U.S. Treasury Securities? Currently, the two major foreign holders of U.S. Treasury securities are Japan and China. Japan surpasses China as largest foreign holder of U.S. Treasuries. Image: Department of the Treasury/Federal Reserve Board Click the Image to Enlarge
U.S. vs. China Trade Balance and Treasury Holdings China’s Treasuries holdings drop, while the U.S.-China trade balance shrinks very slightly amid the trade war. Image: BofA Merrill Lynch Global Research
Fed and Flow of Funds Annual U.S. Treasury Purchases by Sector In 2020, the Fed is expected to buy more than $510 billion in U.S. Treasuries. Image: Goldman Sachs Global Investment Research