M1 Money Supply vs. Yield Curve and Recessions Great chart showing the correlation between M1 money supply and the yield curve. The key factor for inverted yield curves is tight money. Picture source: BofA Merrill Lynch Global Research
Cyclical/Defensive Equities Ratio and 10-Year Treasury Yield The chart shows the correlation between the cyclical/defensive equities ratio and the 10-year treasury yield, signaling an economic slowdown. Picture source: Morgan Stanley Research
Yield Spread (Baa Bonds – Utility Dividends) This interesting chart suggests that utilities are currently cheap. Picture source: Morgan Stanley Research
S&P 500 Forecast Dividend Yield Is Above The 10-Year Treasury Yield Dividends remained stable or increased, while the 10-year Treasury yield has declined. Picture source: Wells Fargo Investment Institute
U.S. Share of Global Investment-Grade Fixed-Income Yield With negative yields in Europe and Japan, the U.S. now accounts for 95% of the positive investment-grade yield. Picture source: Legg Mason
Dividend Yield vs. Corporate Bond Yield This chart shows that dividend yields of European companies appear more attractive than corporate bond yields. Picture source: Goldman Sachs Global Investment Research
Holders of Negative Yielding Debt Central banks hold 79% of negative-yielding debt. Picture source: Deutsche Bank Global Research
Chinese 5-Year Benchmark Yield Leads Global Manufacturing PMI Great chart suggesting that the Chinese 5-year benchmark yield leads global manufacturing PMI by 18 months. Picture source: Nordea and Macrobond
Bond Yields and QE Chart showing that bond yields tend to move higher after QE starts. Picture source: J.P. Morgan
U.S. 2s10s Yield Curve and Recessions since 1941 Since 1941, three recessions have occured without 2s10s yield curve inversion. The yield curve is a great recession indicator among others. Picture source: Deutsche Bank
