U.S. Rates and Yield Curve

U.S. Rates and Yield Curve The inverted 10Y-3M yield curve suggests that monetary policy is becoming too tight. Image: Fidelity Investments

China 10-Year Yield and Copper to Gold Ratio

China 10-Year Yield and Copper to Gold Ratio Chart showing the weekly correlation between China 10-year yield and the copper to gold ratio (R² = 0.58). Image: Bloomberg

Percent of 10 Yield Curves Inverted

Percent of 10 Yield Curves Inverted This chart shonws that 40% of the 10-yield spreads have inverted again, as the coronavirus spreads from China. Image: Real Investment Advice

The 10Y-3M Yield Curve

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

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 was short-lived. Image: Goldman Sachs Global Investment Research