U.S. Treasuries Seasonality

U.S. Treasuries Seasonality Historically, U.S. 10-year yields tend to drop on average from May to November. Image: Nordea and Macrobond

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

Gold and U.S. Treasuries

Gold and U.S. Treasuries Chart suggesting that gold and U.S. Treasuries remain the safe haven of choice. Image: Gavekal, Macrobond