Search Results for: treasuries

Yields and Breakeven Inflation on 10-Year U.S. Treasuries Breakeven inflation seems to have peaked. Image: Gavekal, Macrobond

7-10 Treasuries Total Return Index / Gold in U.S. Dollar Gold tends to beat U.S. Treasuries on inflationary fears. Image: Gavekal, Macrobond

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

Performance – S&P 500’s Outperformance Over U.S. Treasuries Will the S&P 500’s outperformance over U.S. Treasuries continue? Image: Arbor Research & Trading LLC

Largest Drawdowns in U.S. Treasuries Will U.S. Treasuries continue to suffer? Image: BofA Research Investment Committee

U.S. Yield Curve – Spread Between the 10-Year and 2-Year Treasuries A steepening yield curve suggests a stronger economic growth and rising inflation. Image: CNBC

U.S. Treasuries Held by Foreign Official Accounts vs. U.S. Dollar Index A bearish move in the U.S. dollar tends to increase foreign official holdings of U.S. Treasuries. Image: BofA

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

S&P 500 Minus U.S. Treasuries Returns in Two Years Before/After End of U.S. Recessions This chart suggests that the current episode assumes the U.S. recession ends in June 2020. Image: J.P. Morgan

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