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 has been short-lived. Image: Goldman Sachs Global Investment Research

U.S. Real Yields and Gold (Leading Indicator)

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

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

U.S. Rates and Yield Curve

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

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

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

U.S. Corporate Profits and 10Y-3M Yield Curve

U.S. Corporate Profits and 10Y-3M Yield Curve While the divergence between large-cap profits and the rest of the economy is the widest on record, the steepening yield curve suggests an earnings rebound. Image: BofA Global Research