Keyword: yield

The 10Y-3M Yield Curve The 10-year less 3-month yield curve flattens, as the coronavirus spreads from China. Image: Bianco Research

U.S. 10-Year Treasury Yield and Viral Outbreaks This chart shows that the impact of previous viral outbreaks (SARS, H1N1, H7N9, Ebola) on U.S. bonds has been short-lived. Image: Goldman Sachs Global Investment Research

12-Month Earnings Yield Less Fed Funds Rate The 12-month earnings yield less Fed funds rate is just back to its historical average. Image: KKR Global Macro

Global Manufacturing PMI and U.S. 10-Year Treasury Yield Chart suggesting that improving global sentiment drives U.S. 10-year Treasury yields higher. Image: Nordea and Macrobond

U.S. Real Yields and Gold (Leading Indicator) Chart suggesting that real yields could fall further, either through lower rates or higher inflation expectations. Image: Bloomberg

Yield Curve vs. Global Equities Global yield curves suggest optimism for risk assets in 2020. Image: Topdown Charts

U.S. Rates and Yield Curve Chart suggesting that the triangle pattern could drive the U.S. 10-year Treasury above 2% this year. Image: Fidelity Investments

10Y-2Y Yield Curve and U.S. Recession The U.S. yield curve is steepening and suggests optimism for 2020, as investors become more confident in the U.S. economy. Image: Financial Times

Correlation of VIX with U.S. 10-Year TIPS Yields The correlation of the VIX with U.S. 10-year TIPS yields has turned negative, as it was during the dot-com bubble burst, the Great Financial Crisis, the European debt crisis,… Image: Goldman Sachs Global Investment Research